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 99: What happens when one discovers that property investing is not for you
Episode 98: Building a property portfolio using predominantly cash
Episode 97: Growing a property portfolio using different investment strategies
Episode 96: How to build an international property portfolio as an African
Episode 95: How Commercial Property Management is being changed by Covid
Episode 94: Life- changing lessons for building a successful property investment portfolio
Episode 93: How to ensure that the wealth you build through real estate is passed down from generation to generation
Episode 92: How to build 21 units in 2 years using other people‘s money
Episode 90: Formalizing & digitizing the back room market in South Africa
Episode 89: How to grow a property from scratch during the pandemic
Episode 88: How home staging can help you sell/rent your property faster
Episode 87: Identifying real estate investment opportunities in Nigeria
Episode 86: How to improve your credit score & grow your portfolio with bank money
Episode 85: How to accelerate the growth of your portfolio by buying properties cash
Episode 84: How to invest for appreciation and cashflow
Episode 83: Building a profitable portfolio of 12 short term rentals at the age of 23
Bonus Episode: How to own property in South Africa without Bank Funding
Episode 82: How to make money from flipping houses as a newbie property investor
Episode 81: Understanding additional costs in buying property & what makes a property a good buy
Episode 80: How the podcast has turned ordinary folk into Property Magicians - a chat with our listeners
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