In this week’s episode, we share a recording of the webinar we did for the stokvel members updating them on deal number 5 and the name change of the stokvel.
We started off by explaining the Mission and the Vision of the stokvel and that the name of the stokvel has officially changed from Wealthy Ones Stokvel to Property Magicians Stokvel (PMS). In the webinar, we explain why we had to change the name of the stokvel.
We also give an update on Deal 1 which happened in Oct 2021 and shared the challenges that Villa Lisa was experiencing like theft of tools and material, security being injured on-site as well as rain continuing to cause additional delays. But that does stop our investors from receiving their payout in Oct 2022.
We looked at the total amount of money raised (R2.6 million/ US$177,771) in the stokvel since its inception, we also took investors through deal 5 and explained the due diligence process so members understand what’s required for a property to be worth investing in.
We also explain the concept of a Hard Money Loan which means a loan that is backed by a “hard” asset, such as real estate and explain the pros and cons of this money lending process.
Episode 23: Mistakes & lessons learned from buying 5 properties in 4 years
Episode 22: Setting up real estate investment structures
Episode 21: The science of property management
EPISODE 20: Part 2 All about land: Creating 7 income streams from 1 piece of land
Episode 20 Part 1: The connection between land ownership and generational wealth
Episode 19: Lessons from being involved in 600 property transactions
Episode 18: Real estate investment trends in Zambia
Episode 17: Building an investment property portfolio with 600 residential units
New Year Special: property goal setting exercise
Christmas Special: How to go from zero units to multilets in record time
Episode 16: How to negotiate and own 8 properties with no money in 18 months at the age of 24
Episode 15: How to make R35, 000 per month from 1 property in the township
Episode 14: Investing in 16 high cashflow units Ekasi
Episode 13: Building a financial legacy for your children using real estate
Episode 12: From high-school drop out to properties that cashflow at R270, 000/US$18,000 per month by 23
Episode 11: How to go from 1 property to 74 property deals
Episode 10: How to own a profitable commercial building regardless of your income, networth or credit record
Episode 9: Building a property portfolio that makes R105, 000/ $7000 income a month
Episode 8: How to make an extra R18, 000/$1,800 profit per month with 1 property
Episode 7: How to start a properly portfolio for less than R3000/$300 per month
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