In this week’s on the Property Magicians Podcast, we share a bonus episode where we talk about the Wealthy One's Property Stokvel and how we raised another R268,974/US$17,935 in 7 days so we could invest in our third deal in Secunda, Mpumalanga.
At the beginning of February 2022, we invested R568,150/US$37,882 in a deal in Boksburg, Johannesburg.
This time we are loaning money to a developer who is looking for R3 million/ US$200,000 to build affordable houses to first-time homebuyers in Mpumalanga, South Africa. He has funds from the bank but has to put down a downpayment.
We have partnered with Sakhisizwe Stokvel and together we have raised R2 million/ US$133,351 for the developer.
In this podcast, we share more about the deal and how you can get involved in the stokvel and grow your investment portfolio with us.