THOUGHTONOMY in rental stock and an additional +/ - 900 units , which are in various development stages , as well as some 11ha of industrial land .’
Q : What are your thoughts on property for generating generational wealth ? Pieter : Over time , it is the best and easiest way to make money . The key to success lies in timing – don ’ t rush things and accept that while some may get lucky , it ’ s best not to look for get-rich-quick schemes .
Q : What is your best advice to youngsters who dream of building a property portfolio ?
Pieter : Work hard to put down that first deposit in your mid-20s . Then aim to add a property every 2nd year , giving you a sizable portfolio over time with limited risk .
Q : What do you think prevents people from owning their own property ? Pieter : ‘ It ’ s a mindset . People think they can ' t afford to buy , but they can . The problem is they want more – so they rather rent a better property than what they could buy or afford for the same monthly payment . People are unwilling to sacrifice in the short term , whether on a monthly payment , luxury , or