In this week’s podcast episode we share what we, the hosts of the Property Magicians Podcast have been up to - a few months ago, we launched The Wealthy Ones Property Stokvel and raised R331, 000/ US$21,000 in 5 weeks and then invested that money in property development for 15% per annum.
A stokvel is a collective saving scheme or investment fund, where people get together and raise funds.
In this podcast, we share the journey of starting the stokvel and raising the funds and how you can get involved and be part of the stokvel.
In this podcast, we answer the following questions:
- Why did we start the Wealthy Ones Property Stokvel?
- What led us to a passive investment strategy?
- What did it take to start the stokvel?
- Why does it work and how do our strengths translate to the stokvel?
- What is the vision for the Wealthy Ones Property Stokvel?
- How does it work for you?
- What happens if you default on your monthly payments?
- How do you get involved?
We are currently fundraising for the next Property deal on January 6th, 2021. The deal is a flip and also has a 15% ROI and will be hosting a webinar on December 2nd, 2021 at 6 PM South African Time/ 11 AM EST.
If this podcast is resonating with you and you want to be part of the stokvel, then we want to invite you to join the stokvel at this link: wealthy-money.com/stokvel
Episode 6: How to become a real estate multi millionaire & influencer with Neale
Episode 5: Building a property portfolio using private money lenders instead of bank funds with Meyer
Episode 4: How to invest in low income housing using government funds with Victor
Episode 3: How to build property, cheaper, sustainably and faster with Sibongile
Episode 2: Creative ways to invest in student accommodation and build a portfolio with Thina
Episode 1: Building a property portfolio in less than 3 years with Mizo
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