 Young people are taking up space in Insanzee in various industries and the property market is no exception. Think it's a magic trick? Brace yourself for the reveal. This is the Private Property Podcast. My name is Heti the Entrepreneur and a very, very warm welcome to you all. Today we are joined by two young property moguls. Our first guest is a property investor who purchased his first home when he was at the ripe old age of just 20. Ladies and gentlemen, please give a warm welcome to Ben Molapele. How are you doing this evening, Ben? Good and you're sound. Fantastic. Very, very happy to have you here. And our second guest, ladies and gentlemen, is the head of department at Sapin Youth, a professional property investor, entrepreneur and a firm believer that success lies beyond all your excuses. Please give a warm welcome to Daniel Cassidy. How are you doing, Daniel? I'm blessed thanks in yourself. Very, very well. Thank you, Daniel. I'm super excited to have you both joining us. And of course, as young people and in honor of Youth Day, perhaps let me start with you, Daniel, in discussing what does Youth Day mean to you, particularly in the context of the world in which we live in at the moment. Thank you so much for the question. And looking at it, in my perspective, Youth Month is actually a celebration of a very beautiful series of events, not so beautiful, but in 1976, if memory serves me, taking their own future into their own hands. So when I think Youth Month, what comes into my head is youngsters and young people all over South Africa taking control over their own lives, whether financial, in every area of their lives. So that's what Youth Month for me represents. Beautiful and very inspirational indeed. And what about yourself, Ben? What does Youth Month mean to you? Well, Youth Month actually means a lot to me personally because my dad was kind of politically active before. And he'd always say that we are privileged that we can go to school and study whatever we want and not be forced to either be a nurse, a teacher, or a police officer. So in 1976, Hexa Peterson and Ethan Soweto fought very, very hard for us to be able to go to multiracial schools and become young property investors as we are today. Absolutely. And in fact, what you're saying rings so true because there's a really increasing number of young investors within the property market. Daniel, in your opinion, what do you think is influencing this trend? In my opinion, I read a really awful stat out of there, which stated that unemployment rate in quarter one last year in 2021 was sitting at around 64.4 percent. So these are youngsters that probably have tertiary level education. All they do not. So that's, in my opinion, why youngsters have decided to take control over their own financial future and not rely on just having one source of income. And in my opinion, that is why youngsters have decided to do. That's why I decided to embark on this journey of creating wealth. Indeed, there are various socioeconomic factors that are at play at the moment when it comes to property investing. And, Ben, you know, people might be looking at yourself and Daniel and thinking to themselves, I'm a young person, I would love to invest in property. Ben, what steps did you have to take to prepare yourself for your first property purchase? Well, firstly, I'd say the more you learn, the more you earn. So I had to learn how it is, what the process is to buy property. I mean, earlier, you said I bought my first property at 20. I actually bought my first property at 24. I started my property investing journey at 20. So it took me four years, three years learning the industry, learning what is required for you to buy a property, learning which structures to put them in, learning about deposits, learning about qualifying, payslips, all of that. So I had to go through a very, very long process of minimal resources and finding a way to qualify for a bond to eventually buy that first property purchase. And not only that, but also raise money for transfer costs, properties of transfer costs. And too many times, we are not told about them. And then I've come across a lot of people who buy a property and then they get shocked when they find an invoice from an attorney telling them to pay 40, 50, 60,000 rent for the property to be transferred to their name. And without that money, then the sale is basically cancelled. So those were the hurdles that I had to go through in order for me to buy that first property. Absolutely. This really does speak to doing your due diligence and making sure you've put in the necessary work and research before you purchase your first property. Are you a young person looking to invest in property? Let us know within the comment section, private property family. So taking this and bearing it in mind, Daniel, what would you say are some of the main advantages and disadvantages of buying a property at a young age? Awesome. I'd say the advantage is exciting parts of creating a portfolio, creating a legacy, not just for you, because we do not invest in property for just the money. It's not always about the money. Some people do, but for me personally, was what the money allows me to do. A big reason for me is my family and being able to help out at home, being able to support my little brother is a goal I have in mind. So I'd say that's the advantage. Taking care and taking control of your own future. That's a big advantage. Disadvantages, I would say, is a young 18 year old that literally leaves high school, does not have the affordability. So it can't go to the bank and ask the bank for a loan. The bank will not touch him. So I would say understanding financing would be a big one. But just like Ben said, the more you learn, the more you earn. So the disadvantage is you can't go to a bank. You need to literally be more creative. But there's so many ways to buy properties. And just the point I'm trying to make is educate yourself. There's things like installment sales and rent to rent. Ben mentioned earlier when he started his journey, that that's probably the strategies he used. But yeah, that's that's in my opinion, a couple of things, advantages and disadvantages. I'm not sure if I missed any. Ben, what in your opinion would you say is an advantage or disadvantage? Well, an advantage I would say is that a hundred years ago, the richest people on earth were property investors. And today I realized that the other day that like 80 percent of all the millionaires and billionaires out there made their wealth through property. So the advantage is that, you know, if you choose property, you will almost certainly will be wealthy and be able to pass on, you know, tangible assets to kids, to grandkids and all of that. And the advantage is that I mean, we stay in South Africa. You can go there, take that five hundred thousand bonus that you have, go buy yourself a nice vrpa and then they'll take it. And then, you know, sometimes people want to save money. They don't even pay for insurance. The next thing, you know, you paid five hundred thousand for a property asset that's gone, whereas if you take that five hundred thousand and buy a property, they can come and take your TV and your personal belongings, but they can never take the property from you. It will forever be yours. So that's that's that's a plus. And then on the negative side, I would say, you know, you're young at the end of the day. And let's say you want to be a property investor and start a property portfolio while you're young. You know, you probably going to be twenty, twenty one. And then your tenant is going to be like forty, forty five. This the same age as your parents. So now you have to be able to tell someone who's as old as your parents to pay the rent on time. So yeah, it does have its interesting experience because most people are older, but then you can work around it. Absolutely. One advantage, both of you are such inspiring gentlemen today, joining us with, you know, just looking at this from the perspective of the youth. Before we begin to wrap up, if a young person is watching both of you right now, perhaps I'll throw it to you first, Daniel, and is thinking to themselves, you know what, I'm inspired. I understand the value of investing in property. What would your final parting advice be to them if they would like to get cracking right away? My advice is join SAP in Youth. For those that do not know, SAP in Youth is a division of the estate property investors network founded by Andrew Walk. And the reason we started SAP in Youth is to encourage, to enable, empower young property entrepreneurs within the property journey. So not just investors. If you want to become an agent, a letting agent, have a cleaning company. So we've got different career parts that we are helping and empowering youth on. So join SAP in within the network. There is attorneys. There is property investment coaches and all that you need for your own. So my advice would definitely be join SAP in Youth, get educated and the scars are limited out. Wonderful. And Ben, what would your final parting words be to a young person that's looking to invest in property? Well, just like Daniel said, I would say join SAP in Youth. It is one of the greatest platforms you can ever find yourself in. And that will help you with your property investing journey. But even if you're part of, you know, a network, a property investing network and all of that, never, ever stop educating yourself. Today, we live in a world where we've got cell phones that we go nowhere without. And, you know, you can literally just Google there anything you want to know regarding property. You can go to YouTube and watch any sort of video that will educate you regarding property, whether you want to know the, you know, how to deal with tenants to how to structure it, which entities to put it in, the accounting, the law, part of it, anything you want to know. You can find that out on your phone. So if you make advantage, if you take advantage of such opportunities that we have today, it will even make your journey much more easy and much more shorter. And you can even find yourself buying your first property at like 20, 21 and not having to go through the challenges that we had to go through ourselves. Daniel Cassadi and Ben Malabile. Thank you so much for joining us this evening. And being part of the youth that are inspiring the nation of South Africa. Thank you for having us. Thank you so much for having me. Private property fam, last but not least, let's jump straight into our latest in our property notice. Ben buys property at age 20, property investor at age 20. During the COVID-19 outbreak, Ben successfully purchased his first property. He says that his strict parents, excellent money management and entrepreneurial mind are the key to his success. The future is female. Young women are now driving the property investment market. Better bond registered 60% of all bond applications to single women with a high rate of approvals. There is wealth and future in property. Twenty five year old Nano Shandung became her family's pride when she became the very first home owner. The freestanding three bedroom house in Cosmo City, Ranburg was a big upgrade from the one bedroom that she was sharing with her mother and siblings. The rise of hipsterbia. Young investors are opting for more 5B neighborhoods. One report released by the Urban Land Institute and PWC explained a new trend dub hipsterbia, which refers to cool, active and affordable suburbs. That's it for tonight's property notice on youth investing in property. There's no such thing as too much information. Now, private property family, we have reached the part of the evening that we've all been waiting for. Can you guess what it is? That's right. We're about to announce the winner of the 500 grand prize for the most interaction. So our winner is Bianca Michica Combs. Very, very well done, Bianca. And congratulations to you. Drop us an inbox to claim your prize. Now, private property fam, join us again tomorrow for another inside packed episode. Now, don't forget to like, share and follow all of our social media platforms. And remember, a healthy dose of property information might just be what you need to get back on your A game. This is the private property podcast. My name is Hetty the entrepreneur. Goodbye.