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PROPERTY INVESTING SIMPLIFIED

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PROPERTY INVESTING SIMPLIFIED – by Fast Company SA

Property mogul Julie Solomon believes investing in real estate should be made more accessible. She chats to Fast Company SA about simplifying the concept of property investment.

The South African property market has seen an increase in the price of the average-sized family home from R75 000 to over R1.2 million in just 22 years – an increase of ±1650%!

It is true that 53% of the worlds wealth is held in real estate and that 90% of all millionaires achieve this status through owning property, but it begs the question: why are more South Africans not purchasing property? It was this very question that led Julie Solomon to launch her real estate investing coaching business, The Wealth Builder: Offering free seminars, her business not only shares the tried-and-tested fundamentals of property investing, but also teaches innovative and creative strategies that will allow many of her fellow South Africans to start and grow a multi million Rand property portfolio without having to initially purchase a property. From being a financially broke single mom and sole breadwinner, to owning a multiple property portfolio, Julie has successfully created and secured her own financial future and is now thoroughly enjoying coaching others to do the same.

Julie remembers that it was not that long ago when she had no choice but to send her young daughter to school with only water in her juice bottle because she could not afford juice. It was not long after that that she decided she had to pull herself out of this circle of financial despair for the sake of her daughter’s future.

She took Warren Buffet’s quote to heart: “The best education you can get is investing in yourself and that doesn’t mean college or university.”

What followed was a highly successful career in real estate, becoming one of the top selling estate agents in Durban, and winning multiple awards and accolades for her achievements. However, it was not until she realised that she had to invest in her own education and had to discover the secrets of property investing that her life finally began to improve for the better. Attending educational property seminars and reading real estate investing books fed this desire to own her own property portfolio. Julie began by purchasing investment properties, typically adhering to the more traditional investment methods of buy-to-let, buy-to-flip and building her property investment portfolio. “I prefer the smaller properties, one- or two-bed sectional title units, as rentals are increasingly in demand. I find the management of them more cost-effective,” she says.

“I’ve made mistakes, have learnt from them and I tell my students not to learn from their own mistakes, but rather learn from mine – that’s a far more cost-effective way to do it. In the fast paced world we live in today, we can’t afford the luxury of mistakes so rather just learn from others.” Having purchased her first property at the age of 23, Julie failed to understand the difference between owning her own home and owning an investment property. “It’s not something our parents teach us, simply because they do not know. No one taught them the difference. It’s all very well to buy rather than rent, but we must understand that living in your own property is not necessarily an investment, it is more of a liability. When you rent out a property you own, having your tenants pay the rent, pay your rates and levy, that’s when it starts making you money and not costing you money.”

Julie has been involved in thousands of property transactions worth billions over the last 15 years, not only working as a real estate consultant, but a property investor of which the last four years have been in her own real estate business, Julie Solomon Property, based in Durban.

Julie is now a sought after property coach, trainer, master of ceremonies and international speaker in not only real estate and property subjects, but also training for estate agents in her ‘Brand More Sell More’ series. She empowers others through mindset, passion and inspiration.

The Wealth Builder property seminars were launched this year and after a tremendously successful national tour with her strategic partner, Julie has seen hundreds of attendees who are now motivated, excited and educated to build and grow their own wealth through strategic property investing.

Julie regularly attends property seminars both in South Africa and the USA and retains the services of a business coach to hold her accountable and to bounce off her creative and energetic ideas.

 When asked what her secret to her success is, Julie doesn’t hesitate to say “hard work, the willingness to roll up my sleeves and get the job done, integrity, being upfront and transparent, friendly and loving what I do… that’s my recipe! We simply cannot wait or expect anyone to take care of us in our old age, we need to educate ourselves on how to take care of our own financial wellbeing.”

Julie and her free Wealth Builder seminars will be in Durban in October, and Richards Bay & Pietermaritzburg in October. For more information, visit www.thewealthbuilder.co.za or office@jsproperty.co.za

PROPERTY INVESTING SIMPLIFIED – by Fast Company SA

Property mogul Julie Solomon believes investing in real estate should be made more accessible. She chats to Fast Company SA about simplifying the concept of property investment.

The South African property market has seen an increase in the price of the average-sized family home from R75 000 to over R1.2 million in just 22 years – an increase of ±1650%!

It is true that 53% of the worlds wealth is held in real estate and that 90% of all millionaires achieve this status through owning property, but it begs the question: why are more South Africans not purchasing property? It was this very question that led Julie Solomon to launch her real estate investing coaching business, The Wealth Builder: Offering free seminars, her business not only shares the tried-and-tested fundamentals of property investing, but also teaches innovative and creative strategies that will allow many of her fellow South Africans to start and grow a multi million Rand property portfolio without having to initially purchase a property. From being a financially broke single mom and sole breadwinner, to owning a multiple property portfolio, Julie has successfully created and secured her own financial future and is now thoroughly enjoying coaching others to do the same.

Julie remembers that it was not that long ago when she had no choice but to send her young daughter to school with only water in her juice bottle because she could not afford juice. It was not long after that that she decided she had to pull herself out of this circle of financial despair for the sake of her daughter’s future.

She took Warren Buffet’s quote to heart: “The best education you can get is investing in yourself and that doesn’t mean college or university.”

What followed was a highly successful career in real estate, becoming one of the top selling estate agents in Durban, and winning multiple awards and accolades for her achievements. However, it was not until she realised that she had to invest in her own education and had to discover the secrets of property investing that her life finally began to improve for the better. Attending educational property seminars and reading real estate investing books fed this desire to own her own property portfolio. Julie began by purchasing investment properties, typically adhering to the more traditional investment methods of buy-to-let, buy-to-flip and building her property investment portfolio. “I prefer the smaller properties, one- or two-bed sectional title units, as rentals are increasingly in demand. I find the management of them more cost-effective,” she says.

“I’ve made mistakes, have learnt from them and I tell my students not to learn from their own mistakes, but rather learn from mine – that’s a far more cost-effective way to do it. In the fast paced world we live in today, we can’t afford the luxury of mistakes so rather just learn from others.” Having purchased her first property at the age of 23, Julie failed to understand the difference between owning her own home and owning an investment property. “It’s not something our parents teach us, simply because they do not know. No one taught them the difference. It’s all very well to buy rather than rent, but we must understand that living in your own property is not necessarily an investment, it is more of a liability. When you rent out a property you own, having your tenants pay the rent, pay your rates and levy, that’s when it starts making you money and not costing you money.”

Julie has been involved in thousands of property transactions worth billions over the last 15 years, not only working as a real estate consultant, but a property investor of which the last four years have been in her own real estate business, Julie Solomon Property, based in Durban.

Julie is now a sought after property coach, trainer, master of ceremonies and international speaker in not only real estate and property subjects, but also training for estate agents in her ‘Brand More Sell More’ series. She empowers others through mindset, passion and inspiration.

The Wealth Builder property seminars were launched this year and after a tremendously successful national tour with her strategic partner, Julie has seen hundreds of attendees who are now motivated, excited and educated to build and grow their own wealth through strategic property investing.

Julie regularly attends property seminars both in South Africa and the USA and retains the services of a business coach to hold her accountable and to bounce off her creative and energetic ideas.

 When asked what her secret to her success is, Julie doesn’t hesitate to say “hard work, the willingness to roll up my sleeves and get the job done, integrity, being upfront and transparent, friendly and loving what I do… that’s my recipe! We simply cannot wait or expect anyone to take care of us in our old age, we need to educate ourselves on how to take care of our own financial wellbeing.”

Julie and her free Wealth Builder seminars will be in Durban, Richards Bay & Pietermaritzburg in October. For more information, visit www.thewealthbuilder.co.za or office@jsproperty.co.za

Author: Julie Solomon

Submitted 23 Aug 18 / Views 3074
 
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