As an introduction to investing in student accommodation, five investors came together and named it “ICHILIMBA STUDENT ACCOMMODATION” (I am one of them) and made plans to invest in this niche in Zambia near a private University.
We selected a good developer who has successfully built a set of one bedded accommodation for students in the country and overseas.
As a group, we contribute $1000 every month to a nominated bank account here in Australia.
We have signed an agreement through a lawyer in Zambia to be sending at least $15,000 every three months until the project is complete.
Our first transfer was on 8th September through OFX money transfer service completely free.
And the work has begun as you can see from these photos:
Why student accommodation?
It would be broken down into three steps for you.
The first step is to decide which college is right for you.
Choosing the right college will reduce the number of party-type tenants you have to deal with. Locate colleges that are the very best in terms of prestige and academic standing and have a GPA requirement of 3.9 or above to be considered. Most of the students are committed to their academics and getting a degree.
Step 2: Choose the deal that’s right for you
It is imperative that you choose a home that is within your price range but that also has the capacity to house an extra bedroom for additional cash flow. Get in touch with what people are actually willing to pay, in order to charge the prices, you want to charge. To make sure you’re getting your supplies nearby to the university, purchase as close to campus as possible.
For step 3, select the appropriate tenants
Overall, it’s the parents who are covering the costs, so you never have to worry about rent that hasn’t been paid. When possible, parents do not want their children to be evicted from their current residence while in college. On the other hand, it is critical that you screen the student tenants and identify the right type.
“I concentrate on recruiting medical, pharmacy, dental, or nursing school students. Once they’ve reached a certain age, most people find it necessary to invest time and effort in order to earn their professional degree because those classes are challenging.
The best candidates for law, engineering, and computer science jobs are law, engineering, and computer, science students. I search their social media for any pictures of them smoking, doing drugs, getting drunk, or at a party. This minimises the risk of finding bad tenants who would ruin your home”.
100% occupancy with tenants currently under contract for COVID-19
Right now, the most obvious question that might occur to you is, “How are you getting students as tenants after COVID-19 and classes are shifted to the online format?” Truth be told, one investor is completely booked up for his 12 bedrooms. There are three main reasons why university-related housing is always in high demand, no matter the time period.
Students are still interested in going out and enjoying some of the college lifestyles. There’s only one way to accomplish that, and that is to live in a house with their friends. Students of all ages love to get together to study or to watch lectures. Students in college still find themselves having to work with others in many activities. Despite the increasing availability of higher education, some colleges and universities still require students to do on-the-job training and/or lab work. , grad students need to be on campus to finish their research projects because university resources are required.
Students find it difficult to concentrate at their parents’ house. His tenants have informed him about how cramped and chaotic their parents’ home is, preventing them from excelling in their schoolwork. When he was living with his parents, he had a hard time concentrating in school because he was easily distracted.
College students enjoy the freedom to make their own decisions. This is something to think about if you’re currently dating someone and would like them to visit your parents’ home for a romantic movie night. It’s not unusual for parents to get in the way when your significant other and you are alone together. Although many college students do enjoy being freed from their parents telling them what to do, they’re only experiencing this joy because their parents never expected them to stay in school this long.
While this does not mean that it is an easy task to own a six-figure rental portfolio, it does not take very much work to get there. To succeed in the student housing market, you will need to develop specific skills in the following areas:
How to embark
The writer states that mastering these six skills enabled him to climb the property ladder from raking in just $1,280 my first year to amassing a portfolio that brings in $10,755 per month.
You must be confident, assertive, and be able to communicate clearly what you’re seeking. To successfully invest in real estate, it is critical to have the ability to defuse conflict quickly and clarify expectations.
An offer/deal assessment
Figuring out the market demand is an important aspect of this investment strategy. To make sense of investing terms like NOI, CAP rate, and CapEx, it’s good to have some familiarity with them.
You don’t make any money if you don’t have tenants. Period. It took him five years to perfect his skills in marketing himself so that he would always get high-quality tenants.
Setting up systems and processes that allow you to automatically handle your management duties will help you avoid having your real estate investing turn into a full-time job. A property manager takes a significant percentage of your income; typically 8-12% of your total earnings.
Be open to negotiation.
To get the best possible price on any purchase, it is important to be firm in negotiations while also working to obtain what the seller wants. This creates a win-win scenario. Negotiation should not be avoided. Rather, we should celebrate it.
Building a team.
Going far as a real estate investor is only possible with a reliable team. To save time and money, it’s important to find someone who is experienced in the field. The probability of fixing your iPhone is probably not going to be greatly improved if you spent four years going to school to learn how to programme on it. You will, instead, head to your nearest Apple Store and have them take care of it for you. I want to hire a contractor I can trust to complete the job.
You must decide to become successful. Simply put, you make things happen, regardless of what obstacles may arise.
In other words, when you encounter a pest problem or a costly repair, is it simply because you have a “nasty tenant” or because you “dropped some hard-earned dough”? Well, what of it? You will have a better idea next time when you pick yourself back up. No one knows everything before they even start.
That’s why I believe the best way to master these skills is to be actively involved in games, rather than just watching them from the sidelines. Alternatively, you can get a coach who is focused on pursuing the same goals you are, who can assist you in building and honing the six skills, and who can show you what is truly possible for you.
Real estate is not a “waiting game” to buy. You must buy something, but don’t hold onto it. Analytical paralysis is the worst thing that an investor can face because, for the rest of their lives, they will have to watch as other investors have built wealth for their families and wonder when they will have the opportunity to do the same.
If this, is you, I have a feeling your time has finally come?
The decision to start is the first step towards everything falling into place. You’ll get help from others. That’s at least how it has been for me. Investing in student housing can be a great way to get started in real estate investing while you are completing COVID-19. The investment is safe, it’s proven to be profitable, and the company doesn’t face the risk of eviction.
I have known Charles Vincent Kauwasha for many long years now since we first met in Accident and Emergency department of Hutt Hospital Lower Hutt New Zealand, where he was an emergency nurse. I had a problem with my heart and very quickly learnt to trust him with my life! we got talking about our businesses and exchanged contact details. Charles has been a loyal friend and business contact here and on whatsapp etc ever since that time, even after he moved from New Zealand to Australia. Charles is a very honest, loyal and trustworthy person, both in business and as a friend. I highly recommend Charles as a safe person to know and do business with.
Charles has provided me with many – free but easy to use marketing tools. If you are new to affiliate marketing – Charles is the best person to go to
With his humble beginnings overseas, Charles would be a perfect mentor for someone feeling trapped with not much to look forward to in future. Listen to his story and be amazed and inspired… starting with nothing to where he is! He will teach you about the power of perseverance. Well done Charles
A unique and profound CEO I have seen in our times, I have seen the calibre in Charles. Charles has a performing influence drive from his desires to do work in an extraordinary way. Charles is adeliver, you will not regret working on projects with him
I Studied with Vincent Kaluwasha during this programme. A highly skilled and knowledgeable individual. Passionate about Occupational Health and would suitably work in the is capacity anywhere in the world”.
JACOB JOSEPH SAKALA-NURSE CONSULTANT
Charles is a man with a great deal of integrity and takes pride in his work
I’ve known Charles for many years and every encounter has been a happy one….he has a wonderful attitude towards life. He is a man of integrity
C J Investiment helped me to secure my first investment with couple of weeks. I will recommend their services to anyone looking for best investment in any city or country
I have seen how Charles has evolved from nothing to setting up a real estate portfolio with determination -Jessica McDade He is a man of integrity and passion who leaves a stone unturned!
All the developers of D5 Creation have come from the disadvantaged part or group of the society. All have established themselves after a long and hard struggle in their life
Thanks to you Charles, we can be there when the worst happens to give people the emergency medical care they need – and rapid transport to hospital. Your support means that CareFlight can fly at a few minutes’ notice, to some of the most inhospitable places in this country. It means patients like Simon can be reached quickly with hospital-level emergency care at the scene – and in cases like Simon’s every minute counts.
On behalf of everyone at CareFlight, thank you for your generosity – and have a wonderful holiday season. Thank you so much
Dear CVK, Awesome, a huge thank you for your prompt response!!! I feel blessed to know you.I love your inspiring video and I have learnt a lot from your nicely arranged presentation. I can’t remember the question I paused to you myself but it feels like whatever it was I asked you has been effectively dealt with in your powerful video. By the way, I strongly feel you can make a good mentor of mine considering the massive education and experience you have acquired through the years. Let me know if you can do this for me because I firmly believe there is a purpose why God brings certain people into our lives which is to help us achieve our fullest potential and arrive at our God-given destiny. Remain blessed forevermore in Jesus mighty name, Amena!!! By the way, many thanks for your quick encouraging feedback and for the free book offer on how to attract people to my biz.Will study the book ASAP and I should be able to implement what I will learn and will see where that will take me. I am looking forward to a rewarding interaction between the two of us. Once again, thank you for your non-wavering support and encouragement you have rendered to me over the years. I thought you had given up on me and forgotten about me since I appeared to be wasting your time. I am still interested in salvaging my life and do something new and big because I am tired and sick of living a mediocre kind of life. Please help me if you can by God’s grace. Have a blessed day my Brotherman
Charles, right now, a lot of people in this country are saying, “Thank you.”Thank you for being there when they needed help most. Thank you for taking charge when their world was turning upside down. Thank you for giving them confidence, when they were afraid and needed life-saving help. As a CareFlight Support Crew Member, you are making such a difference for so many people. Your regular donations help save lives and keep families together. Patients like Thomas, who told us, “You made it possible for me to survive.”And Agnes, who said, “I’m very grateful a service like CareFlight exists.”Below are some more messages of thanks: Thanks from the patients you help. As we head into another year, we know there will be even more people who will call on our services. So, I’d like to add my heartfelt thanks to those of our patients, for your steadfast support. Together we are ensuring CareFlight is always there for people when they call for our help. Whether it’s intubating a patient at the scene of an accident, or ensuring a newborn is safe on a flight from a remote area to a major hospital for treatment, our patients cannot speak highly enough of the care they receive. Charles, that care is part of a chain that starts with people like you. These expressions of gratitude, from all over the country and from all walks of life, show you how much your support is valued – and how much it is needed, more than ever. We can’t do what we do without you.
If this year has taught us anything so far, it’s that none of us ever truly know what is around the corner.
That’s why I can’t thank you enough for your support that ensures we can continue to provide life-saving aeromedical care to Australians most in need.
Our CareFlight crews are in a unique position to understand what Australians have been going through. Every day, we care for people who have found their world shaken by a sudden accident or illness – coping with circumstances almost none expected to face when they woke up that morning.
People like Simon Bowman don’t like to rely on others for help. But one day, as he lay trapped inside his car after a terrible road accident, with suspected injuries to his spine and shoulder and a possible head trauma, Simon needed life-saving help desperately. CareFlight was there in a matter of minutes.
CareFlight’s rapid response helicopter service is so vital in situations like this. Our crew can be airborne in minutes and by the side of our patient, delivering hospital-level emergency care as fast as possible.
Simon doesn’t remember much about his accident, but he does recall the voices of the CareFlight crew as they worked urgently to treat his injuries. Simon told us: “I knew there was someone looking after me and that I was in good hands.”
Our mission is to deliver people the very best care. We’ve spearheaded international aeromedical innovations such as our stretcher bridge system and become the first civilian service to carry blood plasma to the scene of an accident.
The care, the state-of-the-art equipment, those voices which reassure patients that they are in the hands of skilled professionals they can trust – it’s all thanks to people like you.
Simon has recovered and recently visited our base to meet some of the crew. He has never forgotten the help he received from CareFlight, so meeting them again was an emotional experience.
Seeing the helicopter that transported him to hospital, he was amazed at its size. He confessed he’d never been that keen on helicopters, “but I was very keen that one was there that day.”
Your support for CareFlight is helping to save so many lives, like Simon’s.
Thank you so much.
HAPPY BIRTHDAY, CEO!! peacemaker, Shepherd, wise, intelligent, focused, hardworking, caring, loving, forgiving, Husband, Granddad and most importantly best Father Charles V. Kaluwasha. We’ve been truly blessed to have you as our mentor and protector. We thank God for keeping you alive and healthy. Today we celebrate your 60th, a blessed milestone! Next, we count down to your 100th BIRTHDAY. WE LOVE YOU and pray we have you as our father in the next life- @Kendy Kaluwasha
Charles is a very intelligent individual and is very knowledgeable in regards to the Australian Real Estate market. We continue to work a long side each other and we will be for a very long time. He is a much needed asset to my business and growth of my business in the future.
Charles, is very knowledgeable about real estate and great person to connect with. He teaches what he has done himself.
My great sponsor, you inspired me a lot, you are really God sent, to make life better for me, I will not hide it from you, that I really have a little bit of financial contains, because all what I was saving for my travel I left 60%of the money to take care of my two children, to buy a bag of rice and different foods stuff. so here in Monrovia I don’t want to sit idle I just want to start some clothing business, so I am pleading what everything you help me with for the sake of God Almighty, God will surely triple it in return. Thanks sir and God bless you the great man one day you will be the richest man in Zambia, God bless you. I pray that the money will grow more than ten billion dollars. Amen sir, thank you sir, one day you will be a leader in Zambia, by the Grace of God, that my vision for you sir.