Real Estate Investor Magazine South Africa July 2013 | Page 69

potential. Musa approached the owner with a
proposal to make the shop more profitable and
he agreed. “That actually turned out to be the big
break on my life because I opened a supermarket
there and I had to close the take away sport and
converted it to a laundry business, as times goes
I was working hard and the place was very busy,
I also managed to buy the bottle store as well,”
explains Musa.
But with that success came rent increases and
Musa began thinking of investing in property,
having seen how his landlord was making money
simply through owning the property turned
Musa onto the idea of becoming a landlord
himself.
As he says, “what got me interested in property
is that I could see that if you have it and are
taking care of it, property can bring you lots of
money in the long run.”
He began reading SA Real Estate Investor
Magazine and attending property seminars to
learn more about investing in property. It was
during the sale of his first property that Musa
leant he was a shrewd negotiator, “while I was
looking for a property to buy I came across this
Estate Agent in Kempton Park, they were selling
a flat for R390 000, so they showed me the place
and I liked it. I came back afterwards to talk to
the tenant about the rent and other things that I
wanted to know, it so happened that the tenant
told me that this 2 bed roomed f lat actually
belonged to the same agent and that he owned
another f lat in the same complex. Next day I
called the agent and he and his wife came by
and we discussed them selling both flats to me.
They said if the price is right they would sell, so
we negotiated. I ended up buying both flats for
a good price, paying R335 000 for each, which
was a very good price to pay.” With a 100% bank
financed bond, Musa was now a property owner
to not one but two properties. And he hasn’t
looked back since that first sale. “ I currently
have 10 properties and own my own company
called Mthimkhulu Property, I buy, sell and
rent property and do rental management, and
my properties have a market value of about R7,
5 million.”

stream of income. I also like the relationship
between a tenant and the landlord as I am a
very hand on person,” explains Musa. “When
I started buying properties as I have mentioned
earlier I started with two flats and the concept
that I was using or learnt was to buy a property
and then put a tenant in it, and you can subsidise
it for maybe two or three years. After that it will
be able to pay for itself because rent goes up every
year. It was my first time investing in property
and I enjoyed it , but as they say, ‘experience is
a good teacher.’ I continued to learn about the
property business and asked people that I knew
questions about investing. The nice thing about
this industry is that most of the people who are in
it are very easy to talk to and they freely give you
information, and in much the same way I help
anyone who asks me for property advice.”
A major source of inspiration for Musa
was Mark Anthony, a rental manager in the
Hillbrow/ Braamfontein area. He knew Mark
from a business relationship between the two
when he ran a cleaning company that contracted
out to his building. So one day Musa went to him
and they sat down, “I told him that I have started
buying properties because I liked what he was
doing and I want to learn from him, he was so
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