Our democracy is bleeding while we lack the leadership to keep SA together, says Solly Moeng. Igniting grass fires is a wonderful diversion from state capture issues, says Alan Hirsch. Economists and executives agree: SA's recession was caused by one person - the president. Francois Joubert is a property investor and Chief Investment Strategist for FSPInvest.

When I was 23 years old and practically broke, I bought my first investment property - with just R20 in my bank account. But I wanted to invest in something a bit more tangible, that I had more control over. I used the cash in my bank account to pay lawyers for transfer fees and leave some reserve to pay my initial shortfall. Five years later I owe R on the property.

I could fetch around R for the property today and bank a R profit after my initial R20 investment. The moment I bought this investment property the rental income I received from it basically covered the bond and levies. I only had to pay in R a month from my own pocket. Year one I got R5 rental income a month, year two R5 and year three R6 Over the first two years I paid in R4 to cover expenses.

By year three I had a positive cash flow.

From here on a tenant pays the property for me. I own five properties. Yet, even after mortgage debt, my investments are worth R1.

Money Account | Old Mutual Banking

Sure, I need to be prudent. I'm constantly asked how I did it. And, after some persuasion from friends, I sat down and put together a guide on how to use other people's money to build a profitable property business. I've now made this guide publicly available, for free. Just click here to get your copy.

How to invest R1,, R10, or R, successfully - Ecsponent

You can read more of his articles here. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment. South African social media users are set to boycott using data services, after a call to action on Twitter, with the SocialMediaBlackout campaign trending. Money Clinic Get your financial questions answered. RSS Feeds News delivered really simply. Calculators Easy-to-use personal finance tools. Newsletters You choose what you want.

Let us help you. SA suffers while we bicker Our democracy is bleeding while we lack the leadership to keep SA together, says Solly Moeng.

Provocative findings Igniting grass fires is a wonderful diversion from state capture issues, says Alan Hirsch. Zuma blamed for SA mess Economists and executives agree: All data is delayed.

We sincerely apologise for any inconvenience caused and hope to be up and running again this evening. Thank you for your patience in this regard. How I bought my 1st property with just R20 in my account Aug 20 So I searched for options to make money, at low risk and without loads of capital. This meant I could access another loan.

This time, with a R10 deposit I secured a R apartment from a developer. By this time, the developer was selling his last units in the complex for R By then I'll own even more properties. I could easy make enough money to retire earlier than my father. NEXT ON FIN24 X. Happy, healthy employees Share this page Yahoo!

Comment on this story. Comment 0 characters remaining.

Savings | How to Make Money & Earn Interest with Old Mutual

Who is Ben Ngubane? Of masks, plasters and open wounds ANALYSIS: Mining charter storm Mines Minister Mosebenzi Zwane's new Mining Charter is drawing fire from all sides. Get the latest with Fin24 Tech. SA rallies against high data costs with SocialMediaBlackout Twitter eyes SA growth with Lite app OUTsurance wrong to blame junior staffer OUTSurance slated over 'racist' Father's Day ad.

Problem with debit order for roadside assistance. Do you have a question about your finances? We'll get an expert opinion. Voting Booth Almost all working South Africans fear losing their jobs Yes, the political uncertainty is playing havoc with the economy No, I work for a strong company with sound business principles I don't have a job.

Yes, the political uncertainty is playing havoc with the economy. No, I work for a strong company with sound business principles. I don't have a job.