Edwin Kodinye
Johannesburg (ZAF)
Role(s):
Founder/Owner/Principal
Afomax Enterprises
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Startup
Location:
Johhanesburg
Industry:
Construction
Year Founded:
2000
Number Employees:
1-10 people
Description:
I have developed a business model that involves the acquisition of neglected innner city residential apartments in the Johannesburg CBD, renovating them and letting them out to (URL removed)s provides much needed accomodation to low to middle income people.
The business has solid commercial foundation with rental yields averaging 20%.
I would like to get more funding to acquire a new block to (URL removed) able to put in 15-20% of the purchase price from my own funds in the venture and require an equity partner/financier to fund the balance.