 50-day Property Challenge brought to you by Private Property and the EDPF Property Academy. I am Nigel Adrianse and I will be your host over the next 50 days as we assist Jared and Matt Al as they enter their property journey. Join us as we teach you how to start your own property portfolio within a 50-day period alongside our celebrity guests. To kick it off we interviewed Jared and Matt Al on why they wanted to start investing in property, what they expected from the 50-day challenge and now how we at Private Property and EDPF Academy can help them to reach their goals. Let's hear what Jared had to say when we interviewed him at the Radisson Blue Hotel in Ribbick Street, Cape Town. Hey guys, I am singer, songwriter and South African music award nominee Jared Ricketts and if you haven't heard about it before you're going to hear about it right now. Buddy, I am Nigel Adrianse, the founder and CEO of the EDPF Property Academy. Today is the start of our 50-day challenge where we have asked celebrities to go with us on a journey of property investment. Alright, 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, former and I'm from the Cape Flats 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 EDPF 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 properties so I've been on Private Properties app en 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 Aethlon specifically because actually that's where I come from. Come on guys come on. So we both come from the Aethlon 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 don't know about property and property investment. Absolutely. 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. How am I going to make this happen and it's because this kind of information was withheld before and thanks to guys like you. They say we're going to uncle in the furniture business so 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 of the property business. I think that's a bit better. So as a 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 I hard and a property that makes me money is what I want actually. You know I want something that I can 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. So I'm not necessarily looking for that city slicker you know ceiling to ground water wall glass. I'm looking for something that anybody would want to rent and that can provide some capital for me. Okay so let me throw a couple of scenarios out at you and then you can decide which of those sectors you'd like to invest in because the property sector as a whole has different components to it. Okay so the ones that we normally teach at the academy are things like a single residential where you rent it out to a family. Okay you've got what they call multi-lets where you rent out a house or an apartment to many different people and they each have a room or maybe they share a room, their student accommodation and in this commercial property where you can rent office space or retail or industrial. So those are the things that or the areas that we normally would teach because those are the easier ones to get into. So which of those would you prefer to be involved in? Gosh I would like the first option where your family can rate but I'm also interested in somehow investing in property where I can support smaller businesses who need the space to operate from. That would be a cool idea. I'm doing so much research and it's so confusing but it's between those two. Okay I'm passionate about South African businesses, I'm passionate about creating property for myself that can develop funds at a later stage that families can rent. I haven't really looked into the student accommodation that sounds exciting as well. Awesome okay so normally what we would do is we would take you on a journey where you start small and that would then be a single residential home which is exactly what you've pinpointed already and then both from there to multi-lets and then to student accommodation and eventually get into commercial because commercial is the most complicated and especially in the current climate that we in where offices are no longer really sought after. So we definitely will take you on that journey where we start with just the single residential. Awesome stuff, I'm ready. Okay so the next thing that we need to look at is what type of value you are looking or what type of investment value you're looking for. So in the first year or two maybe up to five years and then again the value may be far too ten years. What kind of investment are you looking to achieve? Okay so listen of course I'd love to have an exchange of property portfolio but you've mentioned you've got to start small and for me realistically I can't take something that's beyond my means right now to manage because I'm a learning firstly and once I've acquired more knowledge I can then look at how I can branch out but definitely an accommodation for family and maybe within the ballpark we've got 500 to 800 000 rent something that's manageable to keep the interest rate low and a good starting point I think it's a good footing and with your guidance and the pool that you're going to give me are people that I can tap into we can see how far we can push. Fantastic so even without any education so far Jared was already chosen and a sector within the property space that is lucrative brings good returns as well as is able he is then able to rent it out quite easily because that is the sort of the area in terms of a financial investment between 500 000 and about 950 000 that is a very lucrative area to be in or financial space to be in okay fantastic then let's talk about medium to long term so that is where you'd like to stop but where would you like to end up in say 10 years time what size of portfolio would you like to have wow I would love to have my own block of apartments fantastic okay even develop them myself if I get to that stage when I get to that stage because we're going to get big where I can tap into architects I can really create something I'm passionate about green everything green so I'd love to see in Cape Town because you get the full spaces that lead itself to that lifestyle and sort of I would love to change the face of how we see young people and the attitudes towards purchasing property and maybe making spaces that are a lot more affordable for the younger market to tap into and grow from there I mean the possibilities invest like this block of apartments from there as I said getting into the property spaces for corporates and businesses and seeing if maybe I have to merge the two somehow all about creating new concepts so as we move along I'd like to see how I can find my own but stay in the spaces that keep it lucrative so the next thing that we need to talk about Jared is we've now spoken about the people resources but now we need to talk about the resources that you yourself will bring so on the one hand we talk about what they call sweet equity that sweet equity is what you physically bring both in terms of the time as well as your your knowledge and understanding and what you are able to put together in terms of finding the right deals etc we know that you are down for that and we know that you are fully committed to this 30 day challenge on this journey what we in addition need to understand is what type of financial resources are you able to bring to the party sure so I've been saving money for a long time look acquiring property was always a part of my plan I just always wanted to be prepared when I get the opportunity to sit at the table like this and learn from great people of you to unlock all of this and so I've been working tirelessly to do what I do as a musician and earn some money to put away so that I'm able to put down a deposit of some sort you know and enough money so that once I put down the deposit and I acquire the property that property is then able to unlock something else you know excellent so that is absolute fantastic because if you have your own finances as well on top of possibly using other people's money you can then build a portfolio that will be able to utilize the equity that is in that property and by equity in a property we mean what you yourself have put in financial so you could then purchase your first property using your own money and a bit of a bond maybe or some other people's money investors friends family whatever people's money yeah so other people's money is a phenomenal concept not just in the property industry but any business if you have other people's money that you can utilize in your business you can then grow your business much quicker and it more especially in the property sector because if you buy your first property you put in some money you bring in some other people's money you can then use that equity that you've built up in that first property to purchase the next one and the next one and eventually have your block of flats that you desire and that's valuable because I don't think people know that there's this thing other people's money and that puts everyone off because you look at a property you go how am I going to acquire this I don't have enough funds probably don't have a developed credit report to acquire the loans that are needed en so it's really cool to know that with EDP there is an opportunity to engage with people who can contribute to unlocking that very fantastic absolutely and that is exactly what the academy is all about not only to give you support but also to help unlock those financial opportunities with other people's money okay so the second to last question that I have is what is your ultimate aim within the 50 day challenge that we have sought today of course to acquire knowledge because knowledge is power when you know better you can do it that's a motto that I live by and so not only for myself but I think it's important that when I acquire this knowledge that I'm able to share this knowledge with people and help them along to define their journey of course sending them your way but me having a bit more insight to share with them that's very important I don't like talking about something I don't know about and obviously to acquire property that's why I'm here and whichever one comes first I'm happy to dabble into it and I'm looking forward to getting the guidance from the academy and to see where this takes me I think this is a great start from now to the interview next year where we could be sitting together comparing property proposals and wow Jared this has been quite a cool journey look at you now started from the bottom now I'm on the top floor of my own building because we can do that so I'm looking forward to this it's going to be a lot of fun and property property property is what I want to get after this and maybe that to the starting point for greater things awesome and just as a side note as a mentor and somebody who helps to help people to build property portfolio my ultimate goal is to ensure that every single one of the people that has gone through this journey with me actually has a bigger portfolio than I do come on okay so the very last question in Janet do you have what it takes for this 30 day challenge how much time do you have this because I'll be here for another hour telling you that I am ready to take this on and I encourage you to do the same thing you know fear should not stop you and fear is a result of not being prepared and not understanding but when you have both knowledge and you have a plan you can take yourself to the next level and that's that is what this is all about cannot cannot wait to see what it looks like if you want to do fantastic so guys come and join us on this phenomenal journey this first day challenge and when you learn from our celebrities we'd like you to implement that in your own life so that you also can become a property investor we believe that every person that has the knowledge and understanding of how to start a property portfolio will be able to do so so come along on this journey with us start your own property portfolio but with the learnings that we are going to have over the next 50 days and build your own property portfolio we'd like to thank you for this time that you spent with us today that's the first day of our 50 day challenge we are very excited and thank you Janet for being part of this journey with us listen I'm excited it's going to be great let's get into it 50 Day Celebrity Challenge and so I want to thank you for being a part of the conversation and I want to encourage you to continue to stay tuned as we learn how to develop our property portfolio with EDPF Academy and private property can we just have a round of applause for the six this gorgeous video that is the reddison blue right here in heta thank you for that insightful discussion jared next up we have matt owl where we interviewed her at the stampontain heritage launch in the cradle of humankind let's hear what she has to say about her property journey so madame let's get started tell us why it is that you want to invest in property thank you so much nidale for such a kind introduction so one thing i certainly believe is that school teaches us a lot on how to save but we're not necessarily taught an equip with the skills on how to grow capital and how to necessarily build what is it called generational one right that's the word i was looking for and for a person like me who's a radio presenter who's a dj do a lot of things mc tv there's a lot of cash flow that comes in but that money can go as fast as it comes in and hence it's quite important to invest it in something that you know is long term the property space i definitely believe is is a space where if done correctly because you could invest wrongly but if done correctly you could potentially have your money locked in a space where you know it will grow over a long term fantastic so tell us have you already bought a property are you already invested in a property so fortunately yes i am i do have two properties that i had acquired whilst i was in the corporate space not sure yet if it was the best move because i was doing it with quite limited knowledge however when we went through a space of lockdown i was quite grateful that i did that because when there were no gigs no events that rental income that i was receiving is what actually kept me af boat so i'm quite passionate about creatives and artists actually exploring other avenues of where to keep them invested that is amazing and i mean as we as we know or some of us know anyway within the creative space people think yes you're famous so you obviously have a lot of money tell us what that experience has been like for you and and you know when people look at you and go you must have a lot of money to be honest it's not all goals that glitters i think it takes long term planning as well in order for you as a creative to actually make a lot of money but in the beginning it's really not that much it's it's one gig here and there sometime that gig you're just breaking even it's just enough money to get you to the gig and back just enough money to pay your team so not so much in the beginning but of course if you're passionate and you consistent with whatever you're doing eventually your brand will fill the presence and you'll attract other brands into your space and then over a long term period you will start to make good money okay so i'm going to ask you a question that we did not tell you or beforehand what we're going to ask you and and really that's because you've now told me you've already purchased two properties so because you've already purchased two properties and the edpf academy is more about helping people who know nothing about property to get into the space why have you chosen the edpf academy then to be part of this program the reason i say that is because i still believe that there isn't a lot of academies that focus specifically on developing people's property knowledge when i was doing that i was doing it blinding it was something i was trying out and hence i specifically said investing in property is a good idea if done correctly there's a lot of people who find themselves buying property and then they're stuck and it becomes a loss and more reliability whereas property is an asset if done correctly so one thing i know for sure especially with the edpf is the fact that you impart knowledge on people you partner people with stakeholders who also impart knowledge on them like accountants like you know lawyers all those things that you obviously need to acquire property because even in the property journey you're not alone when you get to the bank how do you ask for credit what do i need to have the credit those things will not talk and i know that the academy will definitely publish those fantastic i'm so glad dat you brought that up because within the academy we give you all the tools that you require whether it be like you say lawyers and accountants architects quantity surveyors town planners engineers as well as support in terms of how to raise capital so one of the big things that normally is a problem in terms of trying to build a property portfolio for most people in south afrika even in the world is how do i raise capital and where do i find the money so let me ask you this question dan when you bought your first two properties how did you go about raising the capital to purchase those two properties knowing that in south afrika most people can't even buy one property so first of all it starts with obviously having a good credit score yeah and with that good credit score i was then able to approach a number of banks that was the route i had i did not have cash on hand to be able to do this so i had to acquire some form of credit in order to be able to buy the property but this is what makes it more interesting for artists and creatives sometimes you don't have that payslip that you can bring to the bank so how then do you raise the capital so i think it's going to be quite interesting now that i've transitioned out of a corporate space with a lot of stability and a lot of knowing for sure for the next six months i have a salary where it's in the creative space three months you're great two months you're not another five months you're great so it's just also how do you still then secure that capital with such a volatile industry which is fantastic i mean that is one of the things that we in the property industry love talking about using other people's money and that is one of the things that we're going to be teaching you over this just 50 day journey so just to reiterate the 50 day journey we're going to help Matt out to build a property portfolio more than the two she just she already has acquired en using all the tools at the disposal as well as all the tools that we as edbf will help up so your first step into this new environment what is the value of property that you are looking to invest in to start with i think uh looking at the property market especially in terms of coming out of a lockdown and all these things i'm not looking to go any way near a million to be quite honest my ballpark is between 450 and 650 but i'm more centered towards the 450 the only reason i'm saying 450 to 650 is that if the value of the property is 450 then i'm just adding on those extra costs that i still need for the transfers and and and if any renovation potentially is needed just facturing that as well but the property price i'm really looking for is fantastic listen we we we embarking on this journey but you've already learned quite a bit because of your experience so that'll help you a great deal to reach your goal much quicker than anybody else who starts from scratch so the next question that i want to ask you property is not a short term journey property is a long term investment and a lot of people think properties get rich quick scheme no it's not it is purely a long term investment so let's say over the next 10 or 20 years what is the size of the portfolio you look into investing okay so if i'm going to be part of a 50 day challenge and and well capable of acquiring a property in 50 days then that would then mean i could potentially at least hire one property per jaar all right two per year in fact one maybe every six months i'd prefer that maybe even 10 maybe even 10 you know facturing the fact that we have 365 days so if i'm going to learn how to do this in 50 days then i'm definitely going to use that 50 days aggressively moving forward that's it so if i was to give it a figure you know half a minute let's say a million like 10 years definitely let's say 10 million fantastic i love that i absolutely love that so guys we would like you to follow us on this journey we would like you to use the methodologies that we are going to showcase over these next 50 days and we'd like you as the public to also start investing in property and using these methodologies to become property investors yourselves as we've spoken we can start small which we'd prefer for you to do and then grow your portfolio over 10 to 20 years and you could very easily build a portfolio of 10 20 even 30 of 50 million rand using other people's money if you don't have your own so matt al are you ready for this journey i am so ready i am so excited and i can't wait to start excellent so guys let's go on this 50 day journey together let's join matt our let's join the rest of the team and the edpf property academy as we go forth on this 50 day journey thank you very much thank you for joining us on this 50 day property challenge journey join us again on monday as we begin to look at how to invest in property without two celebrities and hopefully we'll be able to help you to start your own investment journey