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 61: How to do deal analysis and mitigate risk in real estate
Episode 60: Using village land to solve the problems of poverty
Episode 59: Using other people’s money to grow to 70 properties
Episode 58: Why you need a Quantity Surveyor on your next property investment project
Episode 57: From Fitness Trainer to negotiating a R1 billion (US$61 million) property deal
Episode 56: Profiting from rent to rent on the African continent
Episode 55: From a mud house to building dream houses
Episode 54: Overcoming addiction to own 35 properties
Episode 53: Why it is important to get your mindset right before you start off on your investment journey
Episode 52: How the #PropertyMagicians podcast has impacted listeners and guests
Episode 51: How to make a profit in 6 months flipping (buy, renovate and sell) houses using other people's money
Episode 50: Lessons learned from having your properties being auctioned and rebuilding a bigger portfolio during a recession
Episode 49: How to make money flipping properties and invest in property with your taxes
Episode 48: A high return property investment opportunity for the busy investor
Episode 47: Real Estate investing trends in Suriname
Episode 46: From growing up in a tin house to a 380 unit development by the age of 27
Episode 45: Exploring high cashflowing properties in the Cape Town ekasi market
Episode 44: From cleaner to building an international company
Episode 43: An inspirational 8 year journey to developing 14 units
Episode 42: Lessons learned from making R1 Million by 21
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