TV Personality Nicolette Mashile Shares The Biggest Lesson She Has Learnt In Her Journey In Property Investment
TV Personality Nicolette Mashile Shares The Biggest Lesson She Has Learnt In Her Journey In Property Investment. Property investment can be very lucrative in the long term in that property is an appreciating asset, meaning it gains value over time. This type of investment has been a safe bet for many professional investors and ordinary people who just want a secure financial future. However if one is not well researched in the how the industry functions and how to best invest as a beginner they can fall into the trap of making mistakes that may cost them their hard earned money.
TV personality Nicolette Mashile is now well versed in the property investment business but just like anyone else she also made mistakes when she was starting her journey in the industry. In an interview with The Insider SA, Mashile shared the biggest lesson she has learnt in her property investment journey.
She said, “… on the second property I didn’t have the cash, so what happened is I went looking for a house and I found this beautiful house and I went to view it and on the day that I was actually viewing it I ended up signing the offer to purchase, just like I had done when I was doing my first property, the only difference now is that I didn’t have the money so I needed a bank to partner with me to be able to buy this house. One of the banks did offer me a loan, unfortunately the terms and conditions of the loan were not beneficial to me and unfortunately because I didn’t read the offer to purchase even the first time, that actually caught me out, so I think it was a very big lesson in my life and I don’t think I will ever forget that experience.”
“…looking back, I would have been very patient with myself and taken the time to find the right type of financial institutional bank, I know Capitec has got a new deal where they help you with a home loan which is a bit more simpler and a little more transparent and I think that is important when you’re looking to buy a home using a financial institution, is to find the right people that are going to assist you.”
Mashile shared some very important information regarding property investment; people who are looking to invest in property should do thorough research before signing anything. Not researching can lead to people signing deals that are not beneficial to them and leave them in debt. She also pointed out that it’s very important for people to seek professional advice when they’re purchasing property as this will help them understand the type of deals they’re entering much better.
