Ndubuisi Egwim, a doctor turned property developer, explains how he raises money for million-pound projects. He offers investors a guaranteed 15% return, keeping any profit above that. In his example: buy a property for £200,000, spend £100,000 on renovation, sell for £316,000, and pocket £60,000 profit.
£200,000
£100,000
£300,000
£316,000
£60,000
It is just that you are the business person. Yes. What sort of profit do you expect to get if you did the business and we've done the math and that somewhere between 10 and 20 and then we said, fine, let us be your handlers, let us take anything extra above 15. And so we guarantee the 15. The idea is that we're able to do business at large scale. Okay. And make a system that works. Now, again, because I'm on social media, I need to be careful throwing out numbers. Yeah. With words. Yeah. So. So let's give a random example. Right. If I bought a house for £200,000 and I spent another hundred thousand pounds. So I spent £300,000. Right. If I make 60,000 pound profit. So bought 200, spent 100 and yes. And I sell for 316, I've made £60,000. Okay, right, good. Now for £300,000. Now if I work out 15% of that. 15% of that is. That's about £45,000. 45K. Yes. Now the way I look at it, if I actually facilitated that deal and everybody else put money together, achieve that 4,000, now sharing 50 and 45,000among everybody and I. 15,000 is so everyone can. Wow, Sam.
