In this edition of Business Day Spotlight, we look at how South Africans can invest in property internationally using technology. Scott Picken, founder and CEO of Wealth Migrate, to talk about the issues.Wealth Migrate is a real estate marketplace that allows investors to invest internationally in property opportunities.
The platform uses technology to aggregate property deals and administer returns to users. Picken says they have members in 133 countries and have facilitated real estate investments of over $600m on four continents with investors earning an average of 8% cash on cash in dollars for the past six years, and internal rates of return of 13% to 20%.
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