INVESTING
At the heart of Bitprop ’ s mission is a powerful partnership : homeowners provide the land , and Bitprop delivers the capital , expertise , and operational model to develop backyard rental units .
Through a rent-sharing agreement , homeowners receive a steady income stream while Bitprop investors earn returns on their capital . It ’ s a win-win model that not only creates economic independence but also enables homeowners to build generational wealth . This innovative approach has already shown immense promise . Bitprop ’ s success in Khayelitsha , Cape Town , from 2019 to 2020 has proven the concept ’ s viability , suggesting that it could serve as a blueprint for economic transformation across Africa and beyond . Let ’ s take a closer look at how this unique investment model has changed the life of one township homeowner , Mandiswa , who has become a property entrepreneur through Bitprop ’ s partnership .
24 REI MAGAZINE JANUARY 2025