Real Estate Investor Magazine South Africa March/April 2020 | Page 66

INSPIRATION
DJ by night,
real estate
investor by day
DJ Euphonik on property,
passive income & prosperity
S
outh Africa is an economically and socially growing
state, and it is important that those who live in the
country makes use of the advantages that come with
being a citizen in a developing state. For inspiration, look
to popular South African musician Themba Mbongeni
Nkosi, better known as DJ Euphonik, who is excelling as an
entertainer and real estate investor.
By day, Themba Nkosi is a savvy property investor with an
impressive property portfolio. He is a passionate advocate for
property as an accessible investment with exponential growth
potential. Nkosi says the property sector appeals to him
because it not only makes you sizeable profits, but guarantees
prolonged wealth. He says investing in the sector helps many
people get the accommodation of their dreams, and in most
cases at an affordable price.
Inspirational DJ Euphonik is always happy to talk about
property investments and shared insights and learnings from
his own property journey. In a Q&A, the sensational DJ and
real estate investor shared some of the tricks to becoming a
successful property investor.
What is it that you find so appealing about investing
in the real estate and property sector?
Humans need a place to live, work and play. Property rarely
loses value and it hands down the best wealth creation tool.
As a relatively new property buyer in the sector, what
would you say influences your buying decisions?
Personally, I like residential property so I look for opportunities
in that field first. After that, it's the best deal, the right location
and what the potential future growth of that area is.
In your years in the property sector, have you ever
made any property investment mistakes that you look
back at and think “but I shouldn’t have?”
Absolutely! The first few student apartments I bought were
completely wrong. They had no capital gain after five years of
64
MARCH/APRIL 2020 SA Real Estate Investor Magazine
me owning them and so the cost associated with owning them
made no sense.
Like entering any other market what was the most
challenging aspect of your entry in the property
market?
Knowledge. Gathering all the necessary knowledge was an
uphill experience. You don’t actually realise how intimidating
the property buying process is until you start looking. And it
gets even more complex when the paperwork hits your table.
To a young South African that hopes to make it as big
as you did in the property sector what would you say
to them?
Read up as much as you possibly can, watch YouTube videos,
watch Property Matters with Euphonik on eNCA and consult
experts in the real estate sector. Also, it is important to not rush
the process and put yourself under pressure.
What has been your approach to making money from
property?
I’ve only been looking at and putting money into things I
understand. Also, I want to do things that grow in value, and
bring me a good income so I never lose on the initial capital
I invest.
Your favourite property purchase to date, and why?
I bought a piece of land where I want to build my dream home
within the next five years.
It is through such motivations that real estate investment
sector hopefuls can make their name and make it big in the
financially rewarding sector. Nkosi has shared what he thinks
he should have known before he ventured into this sector.
These are things that young people intending to invest in this
sector should keep in mind prior to investing in the sector.
I wish I understood interest rates and how to structure your
life and business so you can buy right.