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 115: Unconventional Real Estate
Episode 114: Creative ways to fund property developments without bank funding
Bonus Episode: Raising over R2.6 million in the stokvel and changing our name
Episode 113: How to work with a quantity surveyor to increase your profits and decrease expenses
Episode 112: Growing a construction company by 400% in 10 years
Episode 111: Investing in property straight out of college & owning a 9 unit property at the age of 28
Bonus Episode: Raising R268,974/US$17,935 in 7 days to invest in property
Episode 110: Buying 3 positive cash flowing multi-lets during a pandemic
Episode 109: The magic is in your mess
Episode 108: From rural Limpopo to building a multi million rand property portfolio
Episode 107: How to build a property portfolio that replaces your income in less than 5 years
Episode 106: How to make 2 to 3 times your rental income as an AirBnB Hostpreneur
Episode 105: How to own 6 properties in less than 12 months
New Year Episode: Setting property investment intentions and understanding your investor archetype
Episode 104: The Low Money or No Money Down strategy of Property Investing
Episode 103: How to go from a negative cash flowing property to raising R9 million (US$571,000) for a property development
Bonus Episode: Making 15% Return on Investment in 3 - 6 months
Episode 102: How to make money from sourcing real estate deals
Episode 100: Celebrating 100 episodes and using creativity to build a profitable property business
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