How to negotiate and own 8 properties with no money in 18 months at the age of 24
In episode 16, we talk to Cohen Van Der Berg, a 24 year old full time property entrepreneur about how he was able to buy 8 investment properties with no money.
We first learned about Cohen from Lihle, whom we interviewed on episode 12.
And naturally, we had to have him on the show to share his journey.
Cohen dropped out of university at the age of 20, started several entrepreneurial ventures in telecommunications, shipping and adult toys.
After losing everything through some bad spending habits, he found himself back home, living with his parents.
He realized that this was not going to work for him so he started reading and researching property.
His first deal was a mix use multifamily in the projects that he bought for R650, 000 (US$43,642) and that now makes him a net income of R8, 000 (US$537) per month.
He has since graduated to bigger and more intricate deals, one of which is a student accommodation property that cashflows at R450, 000 (US$30,203) per month.
One of the things that fascinated us about Cohen was how he prefers funding this property deals without any bank finance.
If you want to know how he's been able to do all this in 18 months, you have to listen to the podcast.
Don't forget to share your thoughts with us in the comments section.
