WE DID IT AGAIN!! Profitable Student House in CAPE TOWN

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[@neezamoafrica1546]

👏🏾 congratulations guys, keep going!

[@LaurensBoel]

Thank you 🙌

[@quant_in_sa]

I'm also interested in Obz & Woodstock but the roof thing sounds SCARY. How and when did you know it was asbestos?

[@LaurensBoel]

You need to uncover these things during Due Diligence and get a qualified inspector to cover all the bases.

[@thamsanqazulu3801]

Interesting, i will be starting a similar project, kitchen and floor. What was the cost of the entire kitchen redo... please also share the contractor if possible.

[@LaurensBoel]

Sorry, but I don't share my contractor or power team details online.

[@thabisomuthwa6441]

Impressive Good Luck guys

[@LaurensBoel]

Thanks :)

[@N_P85]

Cramming those poor kids in like sardines 😪

[@LaurensBoel]

This video was recorded 2 years ago when we did the transaction. We inherited this configuration from the previous owner, but we have since reconfigured the rooms to accommodate either 1 or 2 students. We now rent the house to 8 students and meet all the requirements of NSFAS.

[@N_P85]

@@LaurensBoel Thank goodness.

[@jessesenekane9526]

Great job as always! I'd like to ask, where did you find this deal? Was it on property 24 or it was an off market deal?

[@LaurensBoel]

This was an off market deal. We were working directly with the seller.

[@cedricangelonappies54]

Thank you for the very interesting video. Is it possible to use all the principles used in this positive cash flow method for any other business idea

[@LaurensBoel]

Yes, any business, whether in real estate or not, requires cashflow to sustain. As long as you can generate more income than expenses, you have a business worth exploring. Good luck

[@Curiouskindkids]

Well done guys

[@LaurensBoel]

Thanks :)

[@MzwandileNtsumele]

I love your books, Goodman.

[@LaurensBoel]

Glad you like them!

[@aaronborchard6170]

Im sure I know Kyle from somewhere, I think he grew up on the South Coast...Small World!

[@LaurensBoel]

I know right ... I went to school with his sister, but we only figured that out after we had done business together.

[@grantmoukarzel7462]

I'm building a inside (tiki bar - wood) and outside( brick & mortar bar). Let me know if I can collect some wood and bricks ( mainly scap wood)

[@LaurensBoel]

As mentioned, already sorted. Thanks

[@phumlamyataza8527]

Student Res is really starting to become an issue these days. I'm sure your business will do well. Congratulations 🎉🎉

[@LaurensBoel]

Yes! Thank you!

[@NtokozoChristian]

Becoming an issue like how exactly? Care to elaborate further 🤔

[@tsheposeromo7105]

nice one Lourens , are the utilities expenses Water , Elec and Fibre ?

[@LaurensBoel]

Hi Tshepo, yes utilities includes water, electricity, sewage and refuse. Fibre would be it's own expense line item.

[@AndraeBird007]

Does every have to share a bathroom?

[@LaurensBoel]

There are 2 bathrooms for 8 students.

[@sinqobileluthuli9816]

How much is your elite mentorship laurens?

[@LaurensBoel]

Hi, I take a percentage of your deal, so it depends on the size of the transaction. You are welcome to book a call on my website and we can discuss: laurensboel.com/schedule-an-appointment/

[@teedee1170]

Do you have any experience with student rentals in Stellenbosch?

[@LaurensBoel]

No, it's too expensive and the yield is too low

[@teedee1170]

@@LaurensBoel thank you for your reply!

[@nontomdunge6279]

do you coach students in Durban

[@LaurensBoel]

Yes I do, check out this case study: kzbin.info/www/bejne/n4nQeZRpZrpmgtk

[@suhaildavids8828]

If he needs someone to build Wendy I can assist

[@LaurensBoel]

Thanks 👍

[@grantmoukarzel7462]

I will collect that excess rubble. Let me know

[@LaurensBoel]

Already dealt with. Sorry