481: Building a $1 Million Net Worth in Only 3 Years by Investing in Real Estate

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 15 December 2023

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Most people know that investing in real estate is one of the best ways to reach financial independence, but very few ever take action. Once today’s guest discovered the potential of real estate, however, it became his obsession. Despite starting out on a low military salary, he built a million-dollar net worth in just THREE YEARS! In this episode, we’re catching up with entrepreneur, investor, and repeat guest Jabbar Adesada. Since we last spoke with Jabbar, he has only doubled down on his real estate dream and journey to financial freedom—dabbling in several different investing strategies and teaming up with a partner to get more deals done. Today, Jabbar owns a slew of short-term rentals and long-term rentals, has completed several BRRRR projects (Buy, Rehab, Rent, Refinance, Repeat), and has more than a dozen construction projects in the works. If you want to reach your FIRE goal as soon as possible, tune in to hear how Jabbar used real estate to expedite his journey. He shares how he was able to save up for a down payment with a low income, get his first home loan with almost no credit history, and rapidly increase his income! In This Episode We Cover Reaching financial independence by investing in real estate How Jabbar built a million-dollar net worth in only THREE years Combining multiple real estate investing strategies within your portfolio How to choose the perfect real estate market to invest in Finding a partner and building out your real estate network And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Grab Your Copy of “First to a Million” by Dan Cheeks 20-Year-Old Minimum Wage Marine with $850k in Real Estate Coast FI in 4 Years: Cutting Expenses, Doubling Your Income, & HUGE Savings Click here to check the full show notes: https://www.biggerpockets.com/blog/money-481 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So hello, our dear listeners and welcome to the BiggerPockets Money Podcast where we're speaking with Chabar Addisada today, who you might remember from episode 257.
0:10.4	Hello, hello, hello, my name is Mindy Jensen and with me as always is my real estate
0:15.4	investor co-host Scott Trich. Thanks Mindy it's great to be here with my you
0:21.0	know the drill money sergeant Mindy Jensen I like that was good Scott and I are
0:27.2	here to make financial independence less scary less just for somebody else to
0:31.8	introduce you to every money story because we truly believe financial freedom is attainable for everyone, no matter when or where you are starting.
0:39.2	That's right. Whether you want to retire early and travel the world, go on to make big time investments and assets
0:44.6	like real estate like Jabbar, or start your own business, also like Jabbar, will help you reach
0:49.4	your financial goals and get money out of the way so you can launch yourself towards your dreams.
0:53.4	Today's show features a 22 year old enlisted Marine Sergeant who also just so happens to be a real estate
0:59.8	entrepreneur with a $1 million net worth. He also built a business that generates
1:05.6	hundreds of thousands of dollars per year since graduating high school with a
1:09.8	combination of flipping short-term rentals and long-term rentals.
1:13.7	Yeah, this is the story of what energy, hustle, self-education, discipline, frugality, and the
1:20.9	interweaving, the interrelation of real estate investing into your personal life can
1:26.2	achieve for you in just a few short years.
1:28.4	I know I had a similar experience to Jabbar in many ways, nine, ten years ago, and I was getting started.
1:33.4	And just how that sets, that foundation can set you up to absolutely see your business and
1:38.6	personal wealth explode in the out years.
1:41.8	And it's a real treat to do this now because we last recorded with
1:44.8	Jabbar in December 2021 when he had just purchased his first two properties.
1:49.9	Actually was Dan Sheikhs who recorded with him then. I was very jealous
	...

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