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 61: How to do deal analysis and mitigate risk in real estate
Episode 60: Using village land to solve the problems of poverty
Episode 59: Using other people’s money to grow to 70 properties
Episode 58: Why you need a Quantity Surveyor on your next property investment project
Episode 57: From Fitness Trainer to negotiating a R1 billion (US$61 million) property deal
Episode 56: Profiting from rent to rent on the African continent
Episode 55: From a mud house to building dream houses
Episode 54: Overcoming addiction to own 35 properties
Episode 53: Why it is important to get your mindset right before you start off on your investment journey
Episode 52: How the #PropertyMagicians podcast has impacted listeners and guests
Episode 51: How to make a profit in 6 months flipping (buy, renovate and sell) houses using other people's money
Episode 50: Lessons learned from having your properties being auctioned and rebuilding a bigger portfolio during a recession
Episode 49: How to make money flipping properties and invest in property with your taxes
Episode 48: A high return property investment opportunity for the busy investor
Episode 47: Real Estate investing trends in Suriname
Episode 46: From growing up in a tin house to a 380 unit development by the age of 27
Episode 45: Exploring high cashflowing properties in the Cape Town ekasi market
Episode 44: From cleaner to building an international company
Episode 43: An inspirational 8 year journey to developing 14 units
Episode 42: Lessons learned from making R1 Million by 21
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