Today we’d like to introduce you to Ogechukwu Madu.
So, before we jump into specific questions about the business, why don’t you give us some details about you and your story.
I have always been interested in learning how to generate money and ownership. I first started investing in the stock market in 2010 and real estate in 2014. I did a lot of research through books that I’ve read, youtube and articles I found on Google.
About two years ago, I’ve noticed that a lot of my peers weren’t investing in the stock market, real estate or businesses. One of the biggest reasons that I have found besides the obvious lack of information is when they began the process of investing, they tend to get overwhelmed and quit. I started by offering free consultations to help people understand what the stock market is and how it works and begin the process to open a brokerage account. After a few sessions, though I received positive feedback, I noticed that people still weren’t taking the necessary actions to open the brokerage account.
This lead to the idea of having people invest with me, which helps eliminate the inaction that came with the feeling of being overwhelmed. I created an investment club where our member pools our capital together monthly to purchase shares of stock in companies that have great growth potential. A few months ago, I created the real estate arm where we buy real estate as a group with an emphasis in properties that cash flow.
Has it been a smooth road?
Absolutely not. In dealing with people you have to learn how to deal with managing peoples emotions and expectations. One of my biggest struggles is having people understand that when joining the investment club, the money put in should not be looked at like a savings account due to what you put in impacts the returns for everyone else in the group, especially if you start randomly pulling your funds out.
I do feel going through this process allows me to better communicate with people who inquire about joining the investment club going forward.
What else should our readers know?
The Blackseed Group is an investment firm that uses the crowdfunding strategy to grow investors capital.
With the investment club, we empower our members to learn and earn money in the stock market. This is done by pooling monthly contributions from our members and having weekly discussions about which funds we should invest in as a group.
With the real estate arm, we pool the capital of our investors to purchase, rehab, flip or rent distressed single, multi-family and commercial properties. We are launching a platform in June of 2019 where investors can choose which investment property they would like to invest in and do so immediately. This platform will be on blackseedshares.com.
Is our city a good place to do what you do?
Houston is a great place to raise funds with the purpose of investing. Being the 4th largest city in the United States, there is a lot of capital that people would like to deploy back into the community and if it can be done so with a return back to the investor, you now have a win/win situation.
Pricing:
- There are different tiers for the investment club, with the average being a $100/month contribution.
- To invest in real estate, the minimum you can invest is $10,000.
Contact Info:
- Website: theblackseedgroup.com
- Email: info@theblackseedgroup.com
- Instagram: theblackseedgroup
Getting in touch: VoyageHouston is built on recommendations from the community; it’s how we uncover hidden gems, so if you know someone who deserves recognition please let us know here.
