EasyProperties launching 1 July

ActivateD said:
Very nice I must look into EP starting from next month. Are these once off payments or can you do monthly payments into the property?
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These are once off funding rounds but the properties will be re-valued at a later stage, during which you can choose to withdraw or add more. You can start from as little as R1 per investment. R1 buys you 1 share. They do have new properties listed every so often - about one every quarter? The next funding round is on BlackBrick in Cape Town. Offer closes 23 March at 17h00.

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Method said:
Do they handle the TAX or is this something you need to manage when you to file your taxes?
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Dividend tax is deducted for you, which is convenient.B4D10AFC-F2F7-46A3-978E-6918EC09E6C1.jpeg

Note that you are still liable for income and/or capital gains tax, depending on what you do with your investment gains. This is separate from the dividend payout.
 
hullabaloo said:
These are once off funding rounds but the properties will be re-valued at a later stage, during which you can choose to withdraw or add more. You can start from as little as R1 per investment. R1 buys you 1 share. They do have new properties listed every so often - about one every quarter? The next funding round is on BlackBrick in Cape Town. Offer closes 23 March at 17h00.
Click to expand...

Looks like all properties are overfunded by now.
 
Hopefully it will be soon. I want to buy some more shares in some of the properties.
 
I see that they now have a marketplace section within the browse properties feature. No properties listed there yet, though. Hopefully soon.
 
So how are you guys doing on the dividend side of your investments here? Worth it?
 
I have decided to put some dosh into a property this time around. There isn't much of a choice available, but I guess a different form of property other than my sandbag REITs would be nice.

Something I'm wondering about is the funding target. They mention that you'd get back a prorata amount if the target is overshot. So I'm assuming that means if you dump in 10k, and the target overshoots by 50%, you'll get 5k back? So if you wanted to invest in a full certain amount, it probably makes sense to buy in near the end date, and invest x amount more based on the overshot percentage?

I see they also mention that the target is ~70% of the purchase price. So I'm wondering if the funding target is over subscribed, why don't they just issue more shares with that extra 30%, and not take out the bond which would have covered it. Or do they do that?
 
Can we resurrect this thread?

I saw that on the exchange loft there should have a dividend pay out in Nov 21.

I can't see if I received it or not.

Still very very new to this.

I also found this.


Looks likes the same as easy properties but with access to over sees properties.

Let's educate each other and see if we can make some Dineros

TX
 
I have mixed feelings about EasyProperties. Yeah, it's a nice to have if you want property of some sort but don't want to deal with tenants / bond / have a REIT. But if it's dividends you are after, it's not for you. You get paid out much more dividends with something like Satrix Prop while investing a LOT less.

My figures:

* Purchase value: R33918.98
* Transaction costs: R419.32
* Current value: R36394.39
* Growth: 7.3%
* Bought: April 2021
* First dividend payout: Feb 2022
* Dividend payout: R373.11
* Platform fee: R143.67
* VAT on Platform fee: R21.55
* Dividend Tax: R74.62

What's left of my dividend after all those costs? R133.58. It's no deal breaker, but I am not impressed at all.
 
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