Real Estate Investor Magazine March 2024 | Page 56

TUHF property is maintained and that your tenants are treated well .
Contrary to popular opinion , property is not a passive investment , it requires a handson approach and any funder will expect you to mind your property as you would any business .
# 3 Build and leverage basic financial literacy As with any entrepreneurial activity , basic financial literacy is a must have . Applying that to property investment , you need to understand basic concepts such as the time value of money , which means the R20 000 you have today doesn ' t have the same value tomorrow . This comes into play when you need to buy building materials , for example , or save money for equity to finance your investment , at least in part . Therefore , it is important that you know how to use your money most wisely today , so that you can take advantage
Real Estate Investor Magazine MARCH 2024 28