In this week’s Property Magicians episode we interview Alfred Kashindi, a 21-year-old property investor living with his grandmother in Soweto, South Africa.
Alfred is originally from Congo, his mom and dad came to South Africa when he was 5, as a refugee.
Alfred decided in grade 7 that he would never seek validation outside of himself and in grade 11, he started asking himself what he wanted to become and learned that he was not afraid to take risks.
In 2018, he started writing a book on what he would do if he had US$1 million and wrote 100 things. He named 100 ways to make a million dollars and then decided he was going to do each of them and see which one of these things resonates with him.
In 2019, he started realizing he was building a mindset and started reading "Rich Dad, Poor Dad" and focused on working on his money mindset.
He also attended a Robert Kiyosaki seminar, where he met Toni Ninkovic (episode 57), who later became his mentor.
Toni then taught him how to source deals; he started negotiating deals for investors and making money that way.
His first deal was in Pretoria after speaking to 67 agents!
He made R8,000 (US$496) in his first deal and then made R150,000 (US$9,293) in 4 months from sourcing.
This is another incredible podcast episode.
Press play to listen to this episode and share it far and wide.
PS: We launched a Property Stokvel and are currently fundraising for the next Property deal on January 6th, 2022. The deal is a flip and also has a 15% ROI and will be hosting a webinar on December 2nd, 2021 at 6 PM South African Time/ 11 AM EST.
If this podcast is resonating with you and you want to be part of the stokvel, then we want to invite you to join the stokvel at this link: wealthy-money,com/stokvel
Episode 79: Growing a property investment to own two residential blocks of flats
Episode 78: How to grow your property portfolio using multiple investment strategies
Bonus Episode: Why families have the same money patterns
Episode 77: Building a boutique hotel chain on the African continent
Bonus Episode: Real Estate investing trends on the African continent
Episode 76: Looking at the Spatial Planning and Land Use Management Act
Episode 75: How to buy 13 properties in one year without putting any money down
Episode 74: How to invest in property in different countries as you travel the world
Episode 73: Diversifying risk by investing in property in the Stock Exchange, South Africa & China
Episode 72: Why you need a Structural Civil Engineer in your real estate tribe
Episode 71: How to create different cash cycles as a property developer
Episode 70: How to grow your real estate portfolio using Airbnb in South Africa
Episode 69: The A to Z on buying properties at auction
Episode 68: Interior Architecture & how Covid is changing building trends
Episode 67: Using shipping container homes to solve the housing crisis and build a property portfolio
Episode 66: The New Year 2021 Episode - Taking a holistic approach to real estate investing
Episode 65: The Christmas 2020 Episode
Episode 64: How to get funding for commercial property in South Africa
Episode 63: How to profit from multi-let properties that cost less than R1 million (US$65,772)
Episode 62: The importance of a town planner and zoning in real estate investing
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