M5 PROPERTY ADDICTS
Taurai Jack and Retha van Rooyen were two worlds apart with a vast difference in background and upbringing , but their paths led them to the same middle-class trap and has now put them on the same journey into the future . They came together from being everyday employees , to becoming property moguls .
" They knew very little about property but they were on a mission to create passive income and a legacy ."
Both of them have been exposed to working long hours , forced to sacrifice family time and work extra hard to make their bosses rich and still ending up broke at the end of the month . They knew they had to figure out a way to add some passive income to their salaries . By the time they eventually decided to start collaborating , Jack and his wife had lost R5 million in bad debt through the loss of their chicken farm and Van Rooyen was still an employee dinosaur stuck in a consulting firm . They knew things had to change .
Why Property ? They met in a property investment class on a cold winter morning one weekend , where they learned about new concepts such as flipping , buy to let , no money down deals and other mind-blowing property investment strategies . They knew very little about property but they were on a mission to create passive income and a legacy for their kids . So , with open minds and hearts they absorbed as much information as they possibly could .
This was just the beginning . Real knowledge had to be acquired out there , doing deals . Retha Van Rooyen could get property finance and Jack could find deals , together they were a match made in heaven .
Soon the money was all invested in 11 different properties , but there were more great deals in the pipeline . They had tasted success and wanted more . M5 Property Addicts soon formed a business , now in five cities in South Africa namely , Johannesburg , Tshwane , Cape Town , Durban and Potchefstroom . They understood that property can give you an income today if bought correctly and it can give you equity if managed well , thus creating legacy .
Partnerships Their missions were aligned long before they met but once the money was finished they thought " this is it ," they won ’ t be able to grow . They explored different ways in partnering with people who were like them , also employed and who had no time to invest and manage a property themselves but understood what property could give them .
SA Real Estate Investor Magazine JUNE 2021 5