 The most important thing for a young person, there are many business ideas that they can come up with. One of them could be property. I'll say to them, do your own research. Learn as much as possible. Try to find out if the market is not overpopulated. You will think there are beds that people still need, but once you get in there you will find no, the market is full already. Good evening and welcome back to the First Time Homebuyer Show. As you heard, tonight we're talking to a superfan who's got extensive information from our private property podcast as well as doing his own and he's taken that leap of faith and invested in student accommodation. That's Sammy Moringa. I'm sure you've seen him before on the screens on our other podcast and tonight I finally get to sit down and chat and talk to him about his story into property. But before that, of course you know we've got amazing content coming to your screen live every weekday this week. We've got Zaman Tugwakumal with the private property podcast. That's live at 7 p.m. every Monday to Friday evening. And of course if you're interested in agriculture and farming, we've got him Bali on your screens every Tuesday and Thursday at 8 p.m. And without further ado, Chad Vavuros travels in Zanzi, looks at mansions, townhouses, apartments all over Johannesburg and that's every Monday and Friday evening at 8 p.m. Without further ado, I come to your screens every Wednesday night at 8 p.m. and tonight Sammy Moringa is with us absolutely excited for the show. Let's dive into it. Good evening, Sammy. How are you? Good and you? Good. Thank you so much, Sammy. Before we even jump into your property journey, you of course you watch all the shows and I'm absolutely excited. I think we are now sitting on 300. Yeah on Zama show almost 350 actually. Yes, you are. And first time home buyers growing slowly. Hopefully we reach 100 soon. So I like that you're always interacting with our shows and I'm sure you've learned a lot. But I'd like to end off the show with that. Some of the lessons you've learned with our private property podcast. Before that, Sammy, tell us a little bit about you. You're always on the shows, you played the game show the other a few weeks ago, but we've never actually known who Sammy is. Okay, Sammy, it's a young man born in Mokopane, my wheeler ring. My mom passed away around 1999, December. Then we buried her. I moved to my aunt in Marble Hall. Then, you know, due to some challenges I wanted to achieve because of I've always seen my mom used to do good in business and everything. Then I decided I need to come to Pretoria. No, I started as a taxi driver first. I didn't like to you, but I was driving like my own Texas. From there, then I met my beautiful wife. After meeting her, then that's why she inspired me to achieve more with what she has achieved, understanding her background. Then we started working together with many things. We bought a first property in Sushanguvi, but we sold it now. We sold it because when we moved to Philippine, after selling the property, then, you know, the up and downs, the work, not finding work, you know, sometimes growing up is not a little bit easy. Trying to get one, two, three going. But with the property of Philippine, when we first saw it, because she's the one that sold the property, then I thought it was an achievement for ourselves to be in Philippine, an extra town, seven minutes, eight minutes drive, it's a university next to it. I was even thinking about my daughters, they will just walk to school and stuff like that. Not thinking that one day we'll talk property, but here we are today. Here we are today. I like that. And you know, one thing I always promote and talk about, and one thing I learn that's a common thread in a lot of the stories from some of my guests is the support. And you spoke so proudly about your wife being there, supporting you through this journey, educating you as well. You always need that person who's going to push you to achieve. And sometimes in life, bad things need to happen in order for us to realize, no, I now need to achieve something different for my own family. Yes, you are right there. You know, you know, life is a journey. We as young people of this country were allowed to make mistakes, but then I was young. Even though I don't want to reveal my age now, I was young, then we were allowed to make mistakes, but don't make mistakes that will cost you. Make mistakes that will educate you. We know we want to have fun, we want to go out, we want to drive to Cape Town, to heaven, to do whatever, to one to three. Make sure you experience such, because that's how life is. Then make mistakes, but make mistakes that you will be learning from. Don't just go out there, because while you are growing up, you are seeing people that they made their own mistakes, and some they can recover from that. Then try to avoid such as an individual. And one thing I've also learned, especially in this industry, is when you make a mistake, try not to make the same mistake. That, you know, that's kind of the point, because you need to learn from them. And it's so important. You need to learn from them. Yes, there's a lot that we're still going to talk about. I know, I think, yeah. Yeah, let's, we'll get there. I want to find out. I know that you said, you know, you got into property, Filip Nal, and all of those things happened, but what else informed your decision to take that leap of faith into property? You know, I was driving from home. I think I went to visit my aunt. Then I was driving from home, then I saw another property in Tsusham It's not far also from the University of Technology. Then what I did, I got interested in, then we drove, you know, agents, called the agent we met. When we got there, there were some stories, you know, some stories for me to be able to not view the property. Then she just made a one phone call and they found another property that I said, okay, let's go and view it. I think it was, it was like giving three minutes drive from there. We went to see it. Immediately when we got there, I was impressed with the property then, but I had no idea then about properties. I had no idea about properties then, but I thought I can make it with the little money that I was trying to save. Because the most important thing before you get into certain things, the money that you are saving for renovation and stuff like that, it will assist you more. But if you buy new developments, then it's an advantage for you. It's an advantage for you then, yeah, you'll make it easier. I like how you say the most important thing is to save. And you know, we deal with a lot of people around us currently who are struggling to save. What would you say, besides saving, another important point or lifestyle change that we need to take on to become a property investor, what else would you say we need to think about on this property journey? I think to think about, you know, with property, what I've learned is you need to start practicing it, like following people that are into property, looking for mentors. I think you once interviewed Mr. Witness Mdaga. Yes, it's one of the people that I look up to in the lockdown eras. You remember 18 months, 19 months ago, he was every day on Facebook trying to educate people, telling people that there is something that you can achieve. Because he saw that people were not busy with one to three. Then he could get attention of some of us to say it's something that we called you can invest into property. And it went very good for many of us around the country. Because I think he went from maybe 2000 followers to like 36,000 followers in less than six months. Because people were taking advice from him. He ended up writing a book. That book, it's on his Facebook page, you can follow him. You'll get so much information about what we learned from there. Because I wanted to find out, you keep saying when you started your property journey that you didn't know enough yet. And I wanted to find out what were your sources? How did you teach yourself how to be a better property investor, how to be a smart. You know, I teached myself very hard. Because what happened, we decided to go to a movie. We went to move from Philip Nell. Then we started looking around, looking for a house. We got one. After getting one, then we had to start with the renovations immediately. Because you know, the processes of the house, even though it was a little bit longer, but we know it was going to happen. The renovations, I think I shared with you the pictures for my renovations, how they went through, you know, looking for a contractor to come and do that. With no experiences. I thought I was having enough budget, 30,000 or 35,000. But overnight, that money within a week or two it was all gone. Because the escalation cost, because it's something that we are not experienced in. And I think normally you guys going to speak on the shows that get a professional, that they can, even if they are not going to give you a quotation, that is 100%, but it will go to 90, 95 or they can even add 20% more on to the quotation so that you don't overspend. But yeah, that's the less, the hard lesson that I learned. Because you just keep on going to the hardware stores and buying stuff. But yeah, because of the determination on wanting to achieve that and the little bit that I saved, I think that's where now the assistant came from for me to achieve the end goal. Exactly. And you know, I know that you said you were close to a lot of universities, especially. So I think that that's a little bit, for me, I think it's a good student accommodation is a path I've always wanted to take myself. Why did you as Sammy choose student accommodation particularly? You know, while I was busy renovating, I was thinking, of course, it's my area. The area is an advantage for waiting people and students. The way I do is designed, is designed even if the students are not there, I can always take on waking people. It's either it's a sharing, we've got single rooms where we know that even if somebody's working can come and look for room for a place to stay for a rental, because it's like a multi legs, they can come in, take a room. But for now, I prefer only students because I don't want to have mixed people in one place. I'm trying that. And even the pandemic has not been great to me yet. But I know vaccination is on the card. I know by maybe 2022, 2023 things would be better. Yeah, I was actually about my next question was how did the pandemic affect, you know, your property journey? It's just been tough, you know, students, they are not around, they are learning online and stuff like that. But hopefully with the little that we have, because we do have those that are they want to be around, they didn't want to go home. Yes, at least they are assisting us to to cover for certain things, the running cost of the property on its own, because it's a cost on its own that you guys, you don't know about. There's a lot of things that are happening behind the scenes. Exactly. You know, you know, you wake up, you go to work, coming back from work, there's a lot of their SMS, there's this, there's this that just happened. But because of I have somebody who's assisting me, but are lucky, it's like a caretaker for the proper for the accommodation, then things are easy for me. Even if I'm not there, I cannot be there for like a month. It's always going to be around to sort out all the issues. You have someone you trust that's at your property to take care of if you're not there. Exactly. Besides that, I think it was going to be a hassle. Because people don't want to come and view the place. Of course. How will they get in if whenever you are held up into some some other stuff. Exactly. I know that you a strong believer in inspiring the youth and helping the youth, you know, achieve their goals. My biggest question, especially because we have a lot of young people who watch the show is, would you encourage other young people to also take that leap of faith to invest in student accommodation, particularly student? Yes. But you know, the most important thing for a young person to come up with, there are many business ideas that they can come up with. One of them could be property. I would say to them, do your own research. That's what is important. Learn as much as possible. So that try to find out if the market is not overpopulated. Right. Because you will think there are enough, you will think there are beds that people still need. But once you get in there, you will find no, the market is full already. You know, universities, you need to register with NERSFAS, you need to do this, you need to do this. And it's not easy to go through that. Like myself, I'm running them privately so, individually so, charging them, paying them monthly, but it's not an easy exercise also. Because you know, somebody can just give you an SMS to say, I'll pay you on the 17th. And because of they are there, you can't say no to them. You need to be, you need to understand the situations of people. It's not like you're working with a company or something like that. Exactly. You need to trust that they will pay on the 17th. And so that they won't come back and find them gone. And you know, sometimes as a property investor, you need to be patient. You need to have goals. And you need to just, you won't achieve things overnight. Right. That one is not possible. You need to be patient. Patience is, and do, and I'm still learning a lot from this, because I think also understanding the tenants, because the good one will leave you. There will come a different tenant where you'll always, now needs to be in the property all the time. But you also lend them and you show them what kind of a person you are, then they will start doing the things that you want them. Exactly. How you want things to happen in your property. Yeah. You spoke a lot about how the pandemic, you know, could have affected you. And obviously no one expected this pandemic, especially for the property market. And you spoke about a lot of lessons that you've learned and things that you went through. But what was your most important lesson that you learned when investing in student accommodation? You know, you'll think students will want, you'll do the building, the building will be ready. Yeah. Then the student will come for you in the place. That's why now you start here in certain concepts how the student want the place to be. They will ask you, where's the microwave? Where is the fridge? Where is the, they want to come empty handed. They want to come with the luggage. They want to find everything there in the property. They don't want you to just give them an empty space or another empty space, or they need space. They just need everything ready, curtains, everything. You know, then for me to go out there for shopping for that now, for something that I wasn't ready for. You know, something that I wasn't even thinking. Because now I was thinking I'll just get tenants that they will buy things themselves. No. And it's extra money that you are not even, it's not even budgeted for. And you charge, you put an amount for the price that you think, then you start looking in your neighbors who are doing the same business as you, because also it's competitive business around where they are students. Then you will need to meet the standard and also the price range needs to be almost the same. Because people are, and you start seeing, now here I'm not making the money that I was thinking, because the money will always be there on the spreadsheet, but you won't see it here in the bank. That's the problem. You'll do your budget plan. You'll do what you think you're going to receive, but then it actually doesn't always turn out that way. Yes, because of also the pandemic on its own. It's a different story. But yeah, students are fun working with and you are sure their parents are going to pay. It's not like they're not going to pay because they are sending them to school. It's not like maybe somebody's working. If you don't have money, you don't have money. Of course. But the parents, when they are home, back home, they will fight for their kids to pay them. And shelter is very important. And we always talk about this, you know, and what mother or father is going to send their child out to go study and not make sure that you have shelter. So that's also very important. So you're right. So I also wanted to find out, so you spoke about the biggest lessons learned maybe before you even started your journey. I'm sure there were some mistakes. A lot of mistakes. You know what I did. I think the biggest mistake that I did was when we started with some of renovations, because we had a double garage that we turned into single rooms. Then we got a contractor where somebody just came and looked and looked. You don't know whether somebody's a professional or they'll be, but they will guarantee you that they have done this before. Two minutes down the line, not even half of the shop is not done. The man is done. The material that is bought is not enough. You know, then I've learned to like get work with professionals into construction and be involved, be involved as much as possible. I know it's not easy for them, for some people that are working, but try to be involved as much as possible so that you can understand where is your money going. Because at the end of the day, it's all about the funds. Because you'll have an empty shell that is not complete, because they will break it down to say we are starting to do construction. And I was about to ask what your biggest lesson learned from those mistakes were, and it's of course to have this powerful team and a trustworthy team. Yes, there was one guy that we worked because of the pandemic. We had time. There was one friend of mine that I called in to come and assist me. We worked together throughout some of the things. I had to start doing them myself. Paintings is good with her welding. I called him in. We started doing Butler doors and everything with him. He said no, certain things. He said no, Sam, you don't need to hire somebody. I'll do this. I'll do this. And because of seeing him on what he wanted to help me achieve, because he saw what other people did to me, then it was easy for me now to fall for everything. We worked day and night. On Monday to Sunday, we were busy painting. We were doing this. And at the end product, I'm telling you, it was a wonderful experience. And the results were perfect. Doesn't it get difficult though? Because not every property journey, let's say my plan is to get into student accommodation. And then I do get into a situation where I get the wrong contractor or someone comes and they take my money and they run. And then you were lucky enough to be in a position where you could go to your property yourself, go paint it, go do what you needed to do, go everything. But now what if I'm in a position where I'm working a nine to five Monday to Friday? Yeah, that's why now, that's why you need to get professional advice for me. Get a professional, but it doesn't mean also the professional do make mistakes and they run away, but get somebody who has been there done that before. And maybe even see the work that they've done before. References. Nowadays, we've got websites. We've got Facebook pages and look for, let's say maybe want to do an accommodation, go and look for somebody who did that before. Right. I think the experience will always make a difference into you achieving your goals. Earlier, you spoke about having a budget plan and having the breakdown and writing down maybe your ROI, what you think you're going to get. And it doesn't always turn out that way. No, not at all. Really? Not at all. Let's say maybe for an equipment sake, you have 70,000 budgeted for the job. I think for me, with the experience that I've always got, have a 20,000 that is sitting extra to come after the 70,000 is finished, because you won't finish the job without that. And with the accommodation, don't forget, the budget it will be for the construction. You still need to have a budget for buying the furniture after. And let me tell you something, it's not a, furniture is not cheap. Not at all. But I found out, I used a way that it assisted me a lot in searching for like new secondhand stuff. In the pandemic, people were selling things so that they could add other things going. Then I went in, I bought those kind of stuff, chairs that have been sold online, desks that were sold, were being sold online, and fridges that were still in good conditions. I got them. Then you see now, that's why my costs were less at the end. That's the strategy that I used. And it worked for me. Sam, you now sound like you know exactly what students want. You've been in this long enough to understand. Yeah, I think I know what they want. I think what my goal one day is to maybe have a place where we can accommodate, if not 50 bits, 100 bits. I think I can run that. That's amazing. I think I can run that. But yeah, I think that's why now, you know, we haven't talked about the rates in Texas. I think those are the most important thing. You need to try to use green energy. Try to put in solar gizzards, because the electricity, it's been a little bit expensive. Of course. And students are always online. You know, we always need to be online as students. So you're right, electricity costs will be Yes, electricity costs is more. Don't forget, after this one, take a shower in the morning, they all want to take a shower in the evening. And a gizzard is the thing that is going to chow the most. Chow the most of the electricity in the house. Then if you use your solar gizzards and stuff like that, then you know your costs are going to, you know, you'll have maybe 40% less of the amount of the electricity that you had to use in your properties. Water, you can't run away from it. But speak to them that if you take your shower, don't sit there, like, because there are certain things that I'm paying for. Because sometimes you'll see a bill come in 5000 a month, only water. Then you speak to your people, because even at home, you tell them, even at home, if a bill like this can come, your parents are going to not be happy with you. We see. But it's also difficult to also responsibility. It's like telling them to be responsible citizens. Because we don't, we know South Africa is scared. You become their father away from home, you know what I mean? When you have kids, if you've got about nine students, you become their father. You've got nine kids that you need to run. But even if they are working people, they will end up being your kids, even if they are older than you. Your tenants become your children. But the experience on its own, it's something that is out of this world I'm telling you. I wanted to ask you a question, you know, about if I, or to people watching at home, if they are ready to take that leap of faith into student accommodation. So the solid returns that you get, so the return on investment, let's talk about that, Sam. Okay. The returns, to be honest, on the spreadsheet are there. But because of the pandemic now, things are not looking very good. But I believe it's something that somebody can work around. Somebody can, I think with the pandemic gave us enough time to prepare ourselves for when the schools start going back to normal or at a full-time basis. I think we're going to be ready for them to say the accommodation is there, everything is there. Because, you know, when you do your calculations, when you do your taxes, your water and electricity, and whatever the costs that are going to be involved, you see the returns are not as bad, because it's like a multi-lets. Imagine if you are charging one, for an example, 900 and you've got around 14 students in your accommodation, because the rooms are big and stuff like that. Some they are going for sharing, some they don't like sharing, then we charge them for single. But their returns will always be there. I wouldn't lie to you. It's better than, and you know, one thing I like, even if one student can move, you know, by month end can move out. You have another. No, not exactly that. You still have, let's say maybe you had 10 students, you'll have nine, that will pay you. Oh, I see what you mean. It's not like when you have a single house, where it is rented by a single person. Yeah, they leave you there. Then if they leave you, yeah. For three months, you'll struggle. For three months, let's say maybe you're spending an installment for like four, five thousand. Imagine you are paying four, five thousand. Plus the thing that people don't budget for, they raise in Texas. And the reason Texas now at this rate, you saw how electricity went up around 16%. What is up now, you see, and everything went up through the municipalities. Now we are looking at around maybe raise in Texas around 900, then electricity only, you know, you see now you need to cover those costs. That's very true. This needs to be involved. Don't forget again, you don't have a tenant. It needs to come from you. It's very important to save whatever money that you are getting. It's not like the money you need to just chow it. Exactly. But like you're saying, if you still have the nine students left, you're able to, you know, let's say your rates in Texas or whatever is five thousand and with the nine students you have left, you might only be taking a 500 or a thousand out of your own pocket because of that one you lost. And I think, yeah, you answered my question. I feel like student accommodation is definitely not an easier way to go into property. But for me, I feel like it's a little safe here. Also, don't forget, there will be maybe one or two months in a year that you won't have students. Of course. It's like a 10 months business. Then, but now those two months that it gives you time also to come and do some little bit of renovations here and there. You see where what is needed for you to sort out. Then you'll see everything to be ready for you when they come. When they come back. They will find, and you know, paints are not expensive, man. I think even if you can buy five liters of paint, you can just fix the mistakes that there are students before they left. They have made, you see. And be willing to do things yourself so that you can also save costs. And of people that don't have time, then, but okay, then, then have somebody who you trust. And I think one thing I've learned is, especially, you know, coming from student accommodation myself, living in student accommodation, not owning, not yet. You know, coming from that journey myself, living in communes, living in, not necessarily, living off campus was what I did, right? I didn't live at res. So I was living in private, you know, I had landlords like yourself. And I think what's so important, yes, we might only have a small budget of, we can only pay 3000 a month, but we're so picky. You know, so if I do see a scratch on the wall, if I do see something, I'm going to be like, okay, I know that it's within my budget, but I am sure I can find something better. And then I go next door, or I go up the road, because you're right, it's such a, it's a competitive market. It really is. And one of my questions, I don't know, maybe if you can answer this is, what do, what would you say are like top locations for student accommodation? Of course, being close to a university is prime, is the number one factor. The prime locations for me, I think Jobeck, I think the inner city, it's next door, Vets. Yes. I think, yeah, people can look into that. Town, Pretoria, there are a lot of private universities, private colleges, T-Vet colleges for government, there's universities, University of Technology, there's Headfield, Techies, they call it Techies, University of Pretoria, there's UNISA, I think Haudeng, Tawani, and Johannesburg. Top locations, yeah. Top locations. But I had, they could learn this, there's plans to build a university. I think people didn't start doing research to know where is the university going to be. Before the prices of the properties next to the university start skyrocketing. That's very true. So now we need to take that into consideration. We need to take that. Do you research before and check? Yes, I think also like, why is this place Guiani? I think the college of Guiani, Tawani is taking it over, hopefully by 2023. Okay. By 2023, 2024, the university will start taking in students and stuff like that. People need to start looking at that to see if maybe they cannot take advantage of it now, buy land, start building slowly on your own pace. But look at, will the university have enough accommodation and stuff like that, so that it's a business opportunity. Because we know people now are losing jobs left, right and center. We need to advise each other on what is the next, where is the next payment going to come from. Exactly. So I like what you said about doing your research. And especially a lot of people when they come on to the show, they talk about before you, and we know location is important. Before you even invest in a property, do your research on the entire location as well, right? I wanted to find out, very important. How important do you think it is for the youth to be knowledgeable or to invest in generational wealth and financial freedom? I think it's very important. The thing is at a certain age, you feel you have grown certain things in your life. And with the investment that you started earlier, they will come in hand in your life. Because it will find you, let's say maybe you've got 20,000, 30,000 that is saved. Maybe you want a property somewhere. And that property that you wanted needs renovation. You see, it will come in hand. You need to invest. You need also to not forget to invest in yourself while you are still young. Don't say maybe after finishing your university degree or continue studying so that you could equip yourself more. You know, now I normally say to people, you want a GTI? Yes, buy a GTI. It's a must. It's where you are growing, you need that luxury so that you can also experience certain things. But when you pay the GTI, 8,000, make sure that there is a thousand rent or 500 rent that you are saving every month. That one day is going to look after you. You will see the need to have that money one day. And many people, they don't understand the need. Because for now, yes, it's all fun, fun, fun, all night clubs and everything. But after a certain time, you'll be surprised when some of your friends are saying, knock on the door, I have 250,000 in the bank and when you look at it, you can only show us something that is five years old, a car that has lost value. And just before we even started shooting, you spoke about how important it is to save in your 20s. And did you start saving in your 20s? What happened? Because I lost my mum at an early age. I think certain stages, I just jumped in to be a parent. Of course. To look after my siblings, you see. Then on its own, with the little bit that our parents left us, it was easy for some other stuff to happen in our lives. Right. Then the hardest thing was leaving home to come into Pretoria, to starting a different journey. That journey, when it started, it started like I was playing on it. Because I said to my aunt, I'm going to Pretoria now. I want to see if I can not make something out of myself. And I got here. It wasn't an easy right, to be honest. It wasn't an easy right. But with determination, dreams, decision making is also important. Because you can get here and befriend people that they will just want you to go out, have fun every day. You will find peace jobs here and there. But when you do that, make sure that the little money that we're having, save it so that you can have goals, have friends. I wanted to study one, two, three. Then go to school. I remember there were some things that I wanted to study. I wanted to do this. I wanted to do this. And at the end of the day, those things, they played an important role to be where I am today. Exactly. Because you meet friends that also have goals. That's where now you start thinking, well, people are thinking this big. Then why not me? Exactly. Then that's where now. I think I've grown so much so that, yeah, come, let's make business. That's the kind of friends that I want. And I like that you said determination. It's so important. I feel like determination is what we need. And I'm sure there are people in their 20s now who we're still in a phase where, unfortunately, we still can't save. Black tax is a thing for us. Raising our family because we might not, we've lost the parental figure in the home. And this is the life of some people watching the show currently. And what's so important is I love that you said and that you were honest, that maybe you didn't start saving immediately. But it's your circles and your networks and your people around you that start encouraging you. And I think that we need to try our utmost best, too. Even if it's just a 500-rand a month or whatever the case maybe is. And I know before the show, we spoke about investing in other things, which we won't talk about. But I mean, invest in other things. In fact, it's got to just, just, even in the bank, just open a 32 days notice, put money there. Something. Just save something. Because, you know, with all these properties that we are talking about, people, they know, because if for those that have been listening to the shows, there are extra costs that we need to pay lawyers this March. You need to pay this, you need to do this before everything, before the property is in your name, you know. And that's a lot of money also. That is not budget head for. Exactly. You can't just say, you want this property. Then after some time they said, you see an invoice coming from a lawyer, 29,000, that is, needs to be paid for a property. And don't forget, you are still going to pay the property for the next 20 years. Exactly. And we already lost 29,000. Exactly. You need to be ready for these things. You need to be ready for these things. And you know, sometimes cutting costs, you know, there will be some, they will tell you there's 4,000, that if you can pay this one cash, if it's not included into your monthly installment, have that 4,000 that you can pay cash. So that it's, in a long run, the 4,000 plus 7% interest rate by 20 years. And don't forget, it's 12 months by 20 years. It's a lot. It's a lot. Well, that 4,000, it can go up to maybe 250,000. You see, that's why now it's very important to save so that the costs that you can cut, even paying the deposit, it will assist you. And with the 250,000, you can go buy another property. Hey, don't say that. There are properties in a city like now that are going around 250,000. You all must take advantage of those properties. 100%. They must cost that property if you can look at what the interest rate is now. You will end up paying around 1,500 installment. It's crazy. It's nothing. It's money that you can just go and eat in a nightclub, in a night. Very true. Very true. Even more sometimes. Thank you so much, Semi. Just before we close off, I know that we call this the Superfan Edition, where we bring you on to our show and we're very excited. I want to find out from you, just to close off the show, three most important lessons that you've learned from watching all our podcasts and how you are encouraging people around you to be who you are or to do what you're doing. Private property have learned a lot. There's one thing that I've always seen on private property websites, houses, beautiful houses. Those houses are inspiring. Sometimes you don't need to drive to these locations to go and see these houses. They just let you go butt in a way to see how people are living. People are rich out there. Look at those prices of those houses. And you see a 15 million rent house. You ask yourself, is this person going to buy it on installment or buy it cash? You see, it's a motivation. It's what I've just learned. Don't limit yourself. Limitless. Be a limitless person. So that this thing can happen to me also one day. And you'll be shocked when it happens to you. When you get a phone call from the bank to say you have approved you, you'll be like, hi, but is this... You'll even want to pinch yourself to say, is it real me? That's the first lesson. Be limitless. Nothing's going to stop you. Number two, what I've learned is you need to work around with people. You need to take advices. You can't make decisions alone. There are people who know better than you. Of course. And my friend is Google. People, they don't know that my friend is Google. And there are the third most important thing that I learned from private property. Things can just happen for you. You know, we used smartphones. People, they don't know that a smartphone is the most powerful tool that was ever given to us. Yeah. All this knowledge. I don't know who came up with that, but I think that person, I think I must just meet the person who came up with the smartphone. Because everything is right there. Everything is right there. We need to take advantage of it. If it wasn't a smartphone, we didn't have a show, like, so I must show. We didn't have a show like your show. Yeah. We didn't have anything that is depending to us like now. Information now can just circulate overnight. Yeah. We need to take advantage of that as people living in a country like this. Exactly. And you can literally, you know, I know, I like how you say Google is your friend. But like, even on, you know, the shows, you can ask these questions. Hmm. Speaking to professionals, you know. You are now classified a professional semi in student accommodation. Because you are here. Imagine. You are here. I can just go in. Not imagine. You are here. You know, you're learning lessons every day. You're growing in this industry. So you know, you've given so many other people advice. And soon as a smartphone, I never believed in a smartphone before I wanted to know. I never believed in a buying smartphone that has so much memories. I just thought, even if it's 18 gigs, it's enough. But now the way they, just think what you call them, the updates, this, this, this, this YouTube channel, this what, you need to download this. You need, you need to have some, a phone that is going to assist you. So that you can be able to take, look the app, Facebook. Today, I'm next to you talking to you now. So just what? A simple thing, a smartphone. Then that's the lesson learned from me, to say, guys, let's take advantage of these things that are being given to us for free. And use it. And use it. Grow ourselves. To grow ourselves. Our business is whatever the case may be. If I need an app for my business, I'll go for it, I'm tipping. Yeah. Thank you so much, Sammy. I think that my biggest lesson that I'm taking from here, from the show, especially talking to you, sitting down talking, a privilege, actually, you know, is genuinely determination, you know, looking at where you've come from, looking at where you're going. I want to close off with my one last question to you is, does Sammy's journey stop at student accommodation? I mean, Sammy's looking at 50 million rent houses. So it can't. It shows. It's not that investing. Yeah. I'm trying to learn how to invest. As I just said, people need to take advantage of what is happening now with the smartphones that we are having. Let's learn how to invest. Let's put money where it's supposed to be. I know people, they will say, hi, now I'll go and buy a bag. Yes, buy a bag, but make sure with that bag that you bought, save something, buy a share, buy something. Do something with your money that one day, you know, is going to come in hand for you. Even if I can pass away, then it was a will week, I think the past week, national will week, where you can just get in anyway and draft a will for free. With those investments that you made, make sure that people, generations after you can survive through that. That's what is happening. People that have started businesses that are still on 100 years later, you will see somebody will say, KFC, it's 100 years old. Meaning that business, it has just been there forever. And generations of generations and generations, it's a legacy for the family of Kentucky fry. Chicken. You see now, that's what we need to live. And it's a will. Nothing will ever change. Even if now the business is being franchised, but there are realities that are being paid for, for the kids. Exactly. They don't even need to go to school. They don't. But the education we know is the powerful tool. Exactly. So that also they can improve the business and the technologies that are happening now. The first industrial revolution. Let's take advantage of that. Thank you so much, Sammy, for coming out and joining us on the show. Thank you. And I think the biggest lesson that I'd like to leave us with this evening is definitely determination. Go out there and leave your legacy. Take care, stay safe. We'll see you guys again next week, Wednesday, live at 8 p.m. on Facebook, Instagram and YouTube. Take care.