Episode 48: A high return property investment opportunity for the busy investor

In this week's podcast, we invited Nqabenhle Manana (episode 28) back onto the show to talk to us about a property fund he is starting - Masibambisane Property Fund 2. 

 

He already has a fund - Masibambisane Property Fund 1, that he started 5 years ago and that has matured and is now paying dividends. 

He started Masibambisane Property Fund 1 when he found himself having to forego a few property deals because of lack of funding. 

 

This happened 3 times, the fourth time, he found a deal for 48 properties, and could only afford 20 of those properties, he asked the seller to give him 3 months to raise the funds, so he could buy all 48 properties. 

 

He raised R1.7 million from retired professionals (mainly women) in Kwazulu Natal, South Africa and the fund was born. The fund has since grown to R3.4 million over the last 5 years and has matured. 

 

At the end of 2019, the fund had a return on investment of 83%.

 

So, if you'd invested R100,000 (US$5,900) with his fund 5 years ago, then your investment would be worth R180,000 (US$10,545) today and you would be getting dividends annually, starting at the end of this year. 

 

Now, Nqabenhle has decided to launch Masibambisane Property Fund 2, with the aim of buying buildings in the inner city in Johannesburg, South Africa. 

 

The aim of this fund is to raise R20 million from investors and to bring in R60 million in debt, in order to grow faster and buy more buildings. 

 

The fund is currently open to investors and closes on December 31, 2020.

 

The minimum buy-in is R100,000, but individuals who have less money can still invest in the fund, so don't disqualify yourself just yet, you can contact Nqabenhle to find out how you can get involved.

 

The fund is open to everyone, including those in the diaspora. This is an incredible opportunity for busy investors and we are super excited about this podcast episode and the fund. 

 

Click play to listen to this week's episode and share your thoughts with us in the comments section below.