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Youth Conversations Series: Youth and Property Investing with Dr. Miranda Moloto
Manage episode 338368075 series 3357849
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Disclaimer: Any information being shared here is not intended nor does it constitute, financial, tax, legal investments, or other advice. Before making any decision or taking any action regarding your finances, you should seek advice from a qualified financial advisor.
In this week’s episode, I speak to Dr. Miranda Moloto, who is adept at property investments. She is a mom, a doctor, a property investment mentor as well as a podcaster on Propdocmom, and co-founder of Property Magicians.
In our conversation, we speak about how you can start a Property Portfolio, as a young person. Dr. Miranda demystifies the myth that says for one to afford to buy property, they need to save up a lot of money. Not necessarily, she says. There are a lot of ways that one can look to start investing in property. Ways that don’t involve transfer fees, legal fees, and all other expenses that come with property investing. Some of these ways one can consider include wholesaling property whereby an unregistered estate agent finds a property on sale and finds a buyer at a commission, or you can become a real estate agent through one of the big estate companies where you pay annual fees and get trained and taught all about property, negotiation skills, bank applications etc. Dr. Miranda shares that the training you get from these estate companies far exceeds the education on property that a traditional school would normally teach. Miranda says that you can start even if you don’t have money, as a young person fresh out of university, you can start investing in property rather than spend your money on temporary gratification, you can look at easy Equities with some of the banks, and other places will even pay dividends every three months. You can research and join Property Stokvels where you pay minimum amounts like R300, and R1000. Tune in for more on how to invest in property as youth with as little money as possible.
Connect with Dr. Miranda
LinkedIn: Dr Miranda Moloto
Facebook: Propdocmom
Instagram: drmiranda_propdocmom
Connect with Me:
IG & Facebook: Conversations with Mpume
YouTube: Conversations with Mpume
Website: www.changeconversations.co.za
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