 Jared Ricketts. And if you haven't heard about it before, you're going to hear about it right now. I'm the CEO of the EDPF Property Academy. Today is the start of our 50-day challenge where we have asked four celebrities to go with us on a journey of property investment. Today, with me, I have Jared Ricketts, known to many of you as a very popular singer placed here in Cape Town. We thank the private property for being a partner in this journey with us, as well as the venue that we are at, the beautiful Reddison Blue in Ribbon Street in Cape Town. This challenge where we help Jared to start their portfolio is a 50-day challenge where we will over 50 days starting today teach them how to start their property portfolio, teach them how to raise finance, teach them how to structure their portfolio, teach them where to find deals, and teach them how to build a community of support around them in order to help them build their property portfolio. All right, so let's introduce our very first celebrity, Jared Ricketts. Jared, please tell us about yourself, where you come from, and what you currently doing. Wow, so I am a singer, a songwriter, a performer, and I'm from the Cape Flets, at Lone specifically, and I'm involved in various different projects. I'm a fashion designer as well, and I have my own company called JBL Productions where we facilitate virtual corporate experiences across the country, and I'm just so excited to be here. So thank you to you and to EDP of the Academy, private property for being willing to share this kind of knowledge, and you know I'm all about learning, it's going to be new guys for me, but I'm grateful that you take me the time to educate us all on this. Fantastic, so guys, let's get started on our 50-day challenge, and the first question that I have for Jared is to ask him why property and why property investment specific? For me, it's a conversation I've never really been privy to. I don't come from a background where those conversations I had at the dinner table. Upon my own research, it is quite the industry and quite the opportunity to get involved in, and for me it's about creating wealth for myself and my family, and of course learning, so it's very important to me on that front. I've started developing a passion for property, so I've been on private properties app and website, so many times you're mocking what I would like to, you can dream, right? Absolutely, and I'm excited because I can finally potentially see this dream come to life. That is amazing, and it's fantastic also to know that Jared comes from the Cape Flats and Atlant specifically, because actually that's where I come from. Come on guys, come on. So we both come from the Atlant area, and basically I think we probably have the same experience where property has never been a discussion to be had at the dinner table, because our parents actually don't know about property and property investment. And their parents do. Absolutely. Yeah, and so I think this is so important. Yes, for me, but for all of you are going to be on this journey to become accustomed to knowing that this is an opportunity and it's possible for you. We look at something like property portfolios and we think it's unattainable. You know, how am I going to make this happen? And it's because this kind of information was withheld before. Yeah, absolutely. And thanks to guys like you, you know, they say we're going to uncle in the photoshopers, we're going to uncle in the property business as well. So I can't wait. Okay, that's awesome. I wouldn't like to be called the uncle of the property business, but all right, let's go. The brother, the brother of the property business. Yeah, I think that's a bit better, yeah. So as we kick off this journey, the first thing that I need to understand from you Jared, before we can help you in the academy is what type of property would you like to invest in? And I thought about this wrong and hard and a property that makes me money is what I want. Absolutely. You know, I want something that I can, I don't have to live in, but something that can generate some kind of capital for me and they can pay itself off quickly and they will open the door and unlock further opportunities to acquire more. I'm not necessarily looking for that city slicker, you know, ceiling to ground, wall to wall glass. I'm looking for something that anybody would want to rent and that can provide some capital for me. Hello everybody and welcome back to the 50 day property challenge. Today we caught up with Jared Ricketts to see how he's doing with his property search, to see if he's got any deals on the cards. We are now on day 11 already of this property journey of ours and we've done a whole lot of training and learning and so on for 10 days as you would have seen. For those who have missed any of our sessions, you can go to edpfpropertyacademy.com and we have all of our sessions there. Alternatively, you can subscribe to our channel, our YouTube channel and again all of our 50 day challenges as well as our one-minute property tips. Everything is there. You've got some free training that you can do there and even join the academy if you wish. But today we caught up with Jared. Jared, welcome and thank you again for being part of this 50 day challenge. We are so excited that your journey has started and especially the fact that we are able to through this platform help the public to also become property investors which is really the aim of the Enterprise Development Property Fund and the EDPF Property Academy. So without any further ado Jared, give us an idea of where you're at now. We are on day 11. Have you looked at any properties? Have you found any properties? Are you looking at any opportunities? And then we'll talk about it from me. So it's been an interesting journey. I mean for me it's the first time so it's moments where you think you know what you're looking for and then you change your mind because something else pops up. I mean the private property app is really helpful and apricot. I've been able to set it for certain requirements. One bedroom, two bedrooms, just that kind of setting is just to make sure I can really zone in and look at what it is that I want for myself. And I found a few opportunities so I'm going to do a bit more research and inquire further. But for me it's still the back and forth between do I want a long-term rental? Do I want holiday rental? Do I want an Airbnb? Because that's quite popular you know it's a good way to get a return on your investment. And so I'm really excited. It's been an interesting educational journey thus far and like you'd I fully say you know I come from the music sector or I'd say the entertainment sector and for a lot of my colleagues in the business this feels like something very far-fetched. Feels like something you can't really attain. You know we all know the narrative transition that they always say we don't earn enough and we won't qualify for this or qualify for that. But I think to the course it's been exciting to see that we can unlock this for ourselves and it doesn't mean that hey you've got money in the bank you acquire a property because there's many ways to go about this you know whether you get a bond whether you are connecting with your networks you can help you invest. And I think it's cool because it's something I didn't even knew about I didn't think was possible but the closer I get to finding what it is I'm going to invest in I'm seeing that it's not difficult you just really have to educate yourself you really have to know what it is that you want and sort of have your ear on the ground with property trains you know what kind of properties are people renting how are they renting what is the what is the climate around that you know a few weeks a few yeah we spoke about student accommodation we spoke about just all of that it's a lot to factor in you know and that is all dependent on the area isn't an area that I have students because that makes more sense is it a holiday area is it a residential and and I really is going to affect the kind of I can say client that you'll get for rent from you because there's so many things to factor in because if you have a high end property you know that the kind of client you're going to try and attract to rent there's someone who has a certain income bracket you know so you can't go in blindly and just expecting that it's all going to work out there's so much research and understanding and questions that you have to ask and like I say I'm completely green in this maybe some of the people watching this have a deeper understanding but so many of you out there are just like me who are kind of not knowing but then you do know then you don't know so I think on this day I'm a little bit closer Nigel so I'm looking forward to seeing what happens in the weeks to come fantastic man um you're saying a little bit closer that means you've got a couple of deals that you're looking at give us an idea of one or two of the deals that you found sure so I found an apartment in town it's a one bedroom and that's a great opportunity for Airbnb because there's so many foreigners in our community the country for holiday and they're always looking for an inexpensive self-catering space to be because they want to be central they want to be in a hub and also looking outside of the normal sort of Cape Town facility I found another property that's a potential holiday rental so we'll have a look at that and see if that's where my head is at like I said before it's all about just weighing it up you know and understanding what's really going to work for you we all have different needs we all have different visions of where we want to be and how we want this property portfolio to work and so I'm excited to tap into those two opportunities that that resonated with me and we'll see which one outweighs the other and where are the investments so I'm looking forward to that all right awesome I do remember I mean we we've been talking now for almost three weeks about you know where you'd like to invest what type of stuff you'd like to invest in what your investment strategy is going to be and for those of you most any of those conversations you can just look back at some of the videos that we've cut already but basically you've you've managed to sort of zone in on a couple of concepts strategies that you're looking at and and it looks like these two opportunities very much fall in line with that where it's like abnb stuff holiday accommodation stuff where you're not looking for a place that you want to live in you actually want to look at places where you want to rent out on holiday accommodation or abnb space correct and I think it's understanding that Cape Town is known for that I mean Lintabaling is in Joberg and so we need these variants of fun you know in Cape Town we've got mountains we've got the ocean we've got the city and so we do because of tourism attracts a lot of foreigners and thinking about that you know in an age where just people are recovering from the pandemic and people are either losing jobs or getting new jobs and so the income is varied every month you know I want to take into a different market it's not necessarily a part of the Cape Town community but I'm taking advantage of the fact that you know dollars coming to the country euros coming to the country and maybe that's a way to pay off the bond and secondly um yeah just just to tap and create tap in and create my own little space for my portfolio you know and my specific kind of portfolio that I want to hold so yeah yeah and I understand that fully so you and I have over the couple of weeks now two weeks that we've been talking chatted quite a bit about people looking at you and Guy but you a celebrity you know you got lots of money you can do this uh you know us we are mortals on the street we can't do what you're doing so so tell us a little bit about that you know why you know why we're doing this first day challenge in the first place and and the fact that actually no uh just because I'm famous maybe doesn't necessarily mean that I have money yes I think it's also got to do with the fact that as we've mentioned before people aren't educated in this arena and so everything feels far-fetched it doesn't feels like it's a conversation that you can't be privy to because it's higher level it's it's but it's all things that you can learn that's what you're showing here and I think it's important for me for me as a musician to also show people that it doesn't matter where you come from or what kind of background you have um there are ways that you can build this portfolio it's about looking at your needs you know and as you rightly mentioned hey they're having a job in the public space we will see you every day with some TV is this assumption that you know the dollars are rolling in and the rams are rolling in and so of course it's easier for you to do this and we look for pocket myself and in tabloid we are our jobs our places happen to be public you know we're like everybody else that needs to go and work and earn a living and it's about looking at the finances you have and how can you unlock certain things with that of course myself and in tabloid you're not going to go in over our heads you know and and try and do something big and extravagant maybe as the portfolio grows and the finance is going to be able to unlock something like that but I think it's important for people to understand that I'm listen I'm as average as it comes and and I'm also trying to understand how I can hold a retirement for myself because I'm in an industry with that that's not a thing that exists you don't have some union spaces that are going to pay us out so yeah it's yeah it's it says if you're always anybody else is going to go out there and look for a property there's nothing special about me in that sense I'm I'm learning as you learn I think it's I'm doubling is a lot more while averse in this space so I think people can get a sense that I'm still like navigating this maze and finding how am I going to do this but I think it's encouraging because as we keep saying if I can do it you have a link into it um definitely you can do it because when it comes to finance and it comes to the banks and it comes to getting a loan that's when we're all equal we all go through the motions and sometimes you get the years and sometimes you don't know but it's the course that can truly um give you the solutions you know to navigate us. Hello everybody and welcome back to the 50-day property challenge brought to you by the Enterprise Development Property Fund and the EDBF Property Academy and Private Property. Today we have with us only Jared Ricketts because uh the both he and and doubling Matt are extremely busy right now things are happening we'll hear all about that from Jared now but I thought today we will just catch up with Jared and maybe tomorrow we'll catch up with Matt how so that we can see where she's at so Jared tell us what's been going on in your life tell us about your busyness I know you're extremely busy right now I see on Facebook and Twitter and all over you're you it's all happening for you right now what's your thought my friend? You know busy is usually a very loose term that we use but um this time it's proven to be fact you know um now that the pandemic has sort of subsided for a bit and it's business as usual and so for the entertainment industry it's been this boost of now people doing more shows I've been booked more for for shows and interviews it's been a manic schedule I mean even right now I'm jumping between various meetings that I need to have but it's been very good I'm just having had a lot of time to focus on the things that I wanted to focus on I mean we spoke about this 50 day challenge that we're doing and it's been tough you know squeezing at the time because there's just so much to learn I mean me I was completely green I mean I'm wearing green I was completely green to the whole concept of building a portfolio and it was just so much that I needed to take into consideration and um you know you take it lightly oh it's purchasing a property but there's so many factors that one has to consider you know when defining the kind of portfolio that you want and how you want it to grow and how you want that money to sort of uh the return on investment to happen for you and so I mean between everybody that we've got to meet through this program um and writing down as much as I could and and learning as much as I could it's been quite enriching I mean I feel empowered to have this knowledge and so um it's been a wonderful process there are times where it was really stressful because between work scouting for properties um trying to get the best deal it just really felt like I was cramming so much um into the short period of time but nevertheless um it's a 50 day challenge and yes we've managed to to do what we need to do and I'm quite excited awesome okay so from a perspective of the understanding and the learning you've got to a point where you've now learned enough to actually go out there and look for property and find the right property so um I understand that you have now made a final decision the last time you spoke you had narrowed it down to two properties and there was just one particular property basically that you had said this is probably the one that you're gonna go for what is right because now have you made the offer have you raised the money what's going on yeah so I'm very excited to say that um I've made the offer and between my wife and I we had the funds yay through saving I can't believe I'm actually saying that on the on the program because 50 days sounded a little bit unattainable but um between my wife you managed to to source the funds we were out buying like a small fraction and so we leaned into what we learned around um other people's money and so we we have a few friends that were able to just make up that small fraction and so through rental we'll be able to give them their money back and um have the properties so we find and it's happened so very excited yes that is absolutely amazing you know we normally ring the bell when uh when we do something exciting at the edbf academy unfortunately I I didn't realize that you were you had already purchased your first property so I didn't bring the bell with me but the next time okay then I will definitely bring the bell so I can bring it I'm so very very proud of you Janet I'm so very happy for you that you've put in that first offer you've got the money available and now literally basically but all you're waiting for now is transfer correct we're just waiting for everything and um it's so scary it's so new it's exciting but I'm glad that uh I've started or we've started my wife and I and so we're looking forward to seeing how this journey unfolds you know I think I think for anybody watching I just want to reiterate that it's it's obviously not easy there's a lot that you have to take into consideration but I'm definitely possible and um I just want to say again I'm just like everybody else out there who has to look at the funds and see what's possible and so um I'm just happy that I got to this point you know when you when I see like am I actually doing this is this real um to the point where the offer was accepted and now we're just waiting for everything else to happen and it's it's quite cool it's really cool wow hello everybody and welcome back to the 50 day challenge brought to you by the edpf property academy and private property again today we have Jared Ricketts in the room as always this last couple of days it's been so hectic that we are only able to meet with Jared and entabling separately but let's use this time to just catch up with Jared and see if he's got any news for us on the transfer front if you remember in the first half of the first video challenge he already found a property and because he was able to raise the capital he was able to make a cash offer and which he then did and we were just waiting for transfer so the last time we spoke we said that it was nearly time and this was a quick one specifically because of the fact that he had the cash available and he didn't have to go and raise a bond so let's just quickly catch up with Jared Jared tell us where you at with this property that you bought have you taken transfer yet so very excited it's been an awesome journey and transfer is now complete hey it's I'm very excited yeah listen I call okay okay hold on you remember that when we spoke last before the in the first half I said we're meeting the bell I brought the bell this time wow thank you well done Jared we are so excited that is amazing thank you listen this has been a really cool I mean to go through the process especially after with Mo Deval chatting to us around the process definitely some of the information surfaced while I was in the process and so I'm very excited and and they're happy to see that it's not a the scary thing that's not attainable or accessible and so it's happened and and I'm the dental opportunity that I now have is is is quite an incentive now so I'm looking forward to marketing the space and and getting some foot flow and generating some capital you know as this oh so yeah wow listen for me this is amazing not only the fact that within the 50 days we were able to do this but that took that the process was so quick because normally the process I mean your transfer can take anywhere from two to six weeks sometimes just depending on on which which deeds office you're going to and and how busy they are during COVID it was even worse but the fact that you were able to do the deal quickly that you had the cash available that you didn't have to worry about a bond and that the transfer took two weeks as opposed to up to six weeks sometimes I mean this is just absolutely amazing I I I thought that maybe at the end of the 50 day challenge we eventually get it but the fact that you took transfer is just absolutely amazing and I'm so very excited for you and the fact that you you have so so many other opportunities now I mean when we spoke the last time you said that you because you've now gone through the first one that sort of scary process that thought process is no longer there tell us a little bit about that tell us how you know how you're feeling about that now and how you're feeling about the next phase of your investment portfolio so Nigel listen I saw quite an unreal feeling I have to say because I couldn't really see myself doing this oh in the beginning it was very scary and it sounds like something that's completely unattainable and because something so long I just felt unreal as this process started unraveling it felt like this pipe dream you know and now that the process has gone full swing and I've now getting the property and I can rent it out it and it's my first property it's really cool to see how easy it is of course every situation will be unique depending on the kind of investment that you make so what's gone smoothly now might not go smoothly next time I completely understand that but it's just really cool that it is as once it's simple but as accessible of an opportunity you know and that that so many can do this and that the shifting and I'm now part of that landscape that's shifting and for importing being a coloured male or male of colour that are now form part of a percentage of a demographic that's that's now counted for and seen as changing the landscape so I'm really excited that yeah yeah I can't stop being amazed I literally got goosebumps the fact that we are now at this point so Jared you know what there's nothing more to talk about here because you know you've now done exactly what it is we wanted you to do in the first day challenge we are excited to welcome you to the family of property investors within the edbf program and we as edbf and I'm sure private property are so happy to have been part of this journey thus far but what's even better is that this is just the start of your journey because you're still with us for just under three years where through this program we're going to help you to buy that second one which we've already started to talk about you've got this opportunity we we just need to make sure that we help you to raise that capital and then once you've bought your second property we can then go back to the banks to be able to raise capital using things like the future income products and so on in order to raise the capital for those future property investments so we are there we are at that point that we wanted to be at after the 50 days we still have a couple more days to go so hopefully between now and the end of the 50 day challenge we can get you to that point where you signed it on the dotted line for that second property you obviously won't be able to take transfer in the short period of time for that second property but if we can at least get you to that point where you've made the offer you've raised the capital and then we hopefully just be waiting for transfer that would be an awesome achievement because then we still have almost the full three years to get you to a much higher level from a property perspective investment perspective basis so Jared thank you thank you so much thank you so much for being part of this journey and we look forward to finishing off the 50 day challenge with you and hopefully we'll get to that point of your of your second property thank you to the public out there for continuing to watch us diligently and we're hoping that you also have started your journey in purchasing your first property within this 50 day challenge so from the EDPF property academy from private property and Jared thank you for joining us and we'll see you again tomorrow.