GAWIE VENTER
about investing in property .
While he was at Homenet he saw an opportunity to buy a flat in a prime location in Stellenbosch . He ended up signing up for the deal and then got another buyer that was willing to buy from him before the transfer went into his name . That was the trigger to get him out of the estate agent business and start investing in property fulltime .
At the age of 25 he bought a commercial industrial property for R200,000 that gave him R6,000 per month rent . Three years later he sold a piece of the property to MacSteel for R1,2 million . He fondly remembers closing the deal on his cell phone
clad only in his underpants in the Stellenbosch University gym bathrooms .
Some other funny investment moments were buying a flat in the Helderberg area on a Sheriff auction using his credit card for the deposit as he was short of cash at that stage . He managed to flip the property before transfer at a modest profit and was back in the black . Over the years that followed he bought and sold multiple properties that he fixed and flipped ’ for profit . He then decided it was time to start leaning towards commercial and residential property development turnarounds .
He formed Tieleo Property Fund to seek investment opportunities in the
SA Real Estate Investor Magazine MARCH / APRIL 2023 23