El Chapo the drug lord comes to Kampala

El Chapo was in 2009, ranked by Forbes as a billionaire, and is said to have been the most influential drug lord in history, surpassing even Pablo Emilio Escobar.

Joaquín Archivaldo Guzmán Loera commonly known as “El Chapo“, will soon be in Kampala, The Drone Media has gathered. The drug billionaire will visit Kasese and other areas, where “weed” growing encouraged. However, the source intimated that El Chapo comes for an investment feasibility study.

El Chapo plans for Real Investments Groups in Uganda,  which are sort of like small mutual funds for rental properties. These will help natives, who own rental properties but don’t want the hassle of being landlords, he is a solution for such people.

A company will buy or build a set of buildings, often apartments, then allow investors to buy them through the company, thus joining the group. A single investor can own one or multiple units of self-contained living space. But the company that operates the investment group manages all the units and takes care of maintenance, advertising, and finding tenants. In exchange for this management, the company takes a percentage of the monthly rent.

There are several versions of investment groups. In the standard version, the lease is in the investor’s name, and all of the units pool a portion of the rent to guard against occasional vacancies. This means you will receive enough to pay the mortgage even if your unit is empty.

The quality of an investment group depends entirely on the company that offers it. In theory, it is a safe way to get into real estate investment, but groups may charge the kind of high fees that haunt the mutual fund industry. As with all investments, research is key.  In simple words, before you do anything, carry out feasibility study.