Another thread hopefully it’ll help you think about your wealth building journey a little more seriously.
Masika ame le ditsala, real estate investment or property is not a small game, it’s not something you take chances with.
When you buy a car, you read about the brand, you test drive it, you get opinions gore e ntse jang, fuel consumption, speed etc and you make sure you buy what fits your budgets and lifestyle. But when it comes to property le na le go wela wela hela.
In current times prices are starting to fall and like I said there are a few good opportunities at auctions, but still ga go welwe hela. Just because the price is the loan amount you qualify for doesn’t make it a good investment.
Are thanyeng, if you buy or build a multi res you need to know gore target market ya gago ke bomang, ba amogela bokae and what is important to them ha ba bata ntu.
You can’t build student accommodation far from any school, go sena motakase be o charger like bana ba modimo ba bereka, no govt sponsored student should be paying more that P800 for accommodation. Ebile a pagama ga 5 to get home! It’s not sustainable
You can’t say your multi res is for young professionals then you charge P4500 rental on a 2 bed just cause o tsentse aircon le electric stove, those things are nice to have but they can’t afford to live there it’s not sustainable for either of you.
The reason why we fail thata end up getting into poor deals is that re nyatsa the value of understanding the market you want to invest in! What kind of business is a bnb who comes there, ba thoka what amenities ba duela bokae, how much does it cost you
O bata go a aga mmolo ko gae, that’s great but you need to know gore your targeted anchor o bata minimum space sa bokae, ga o tsenwe hela. Eg Choppies minimum size 1000sqm wena you build 500sqm then you say Choppies ga e yo in your home village.
Guys! Take your money seriously! Even with @CEDA_BW you can’t take a proposal that is not feasible, we will not help you submit a proposal e le rona re bonang gore it will never lift off.
The investment analysis or feasibility study or market report is not for show, it’s about the likelihood of your investment that you believe will change your life succeeding. So take it seriously for your self.
@InfoVantage any document that passes through there is taken seriously, it must be something they can standby, it’s not cheap, your investment is not small and the liability is not small.
Itsee ka tlhwaafalo ngwana ko gae, if you want to invest your hard earned money in real estate to get real returns, o tle ka the mindset that’s ready for investment.
Ke le rata lotlhe, but we can’t keep counseling you after le latha madi! Just come re go thuse ditloga.
You can follow @SethebeManake.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: