522: From “No Comma Paychecks” to 7-Figures Using These 5 Skills w/ Nasar El Arabi

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 24 October 2021

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nasar El-Arabi is a self-proclaimed “failure” when it comes to being employed. He wasn’t cut out for the banking industry, the call center, or the classroom. Some people aren’t meant to be employed, and Nasar was one of them. As soon as he was able to get his start in real estate investing, he realized that this was a path that could help him succeed, all while challenging him in ways the W2 world didn’t. Nasar has been wholesaling, flipping, and landlording for over a decade. He has amassed a seven-figure net worth, due to his sweat, grind, and problem-solving. Nasar has put together his list of the five most important traits of any successful real estate investor. These traits aren’t what you’d hear at corporate, and they require those who are interested in investing to put in the time, energy, and creativity to thrive. If you’re interested not only in real estate investing, but becoming a full-time investor doing what you love, make sure you pay careful attention to Nasar’s advice. While these aren’t traits you can simply switch on or off overnight, they are things that you can develop over the years you are investing, which can help you build wealth, reach financial freedom, and give you the life you’ve dreamed of. In This Episode We Cover: How to invest in real estate while making a median income Diversifying your portfolio so you have multiple exit strategies and streams of income Why every investor needs to “become a rookie all over again” Using creative financing to structure deals that benefit the buyer and seller Leveraging partnerships to find cash, divvy up responsibilities, and purchase more real estate Owning a business and learning the skills that every leader needs to succeed And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Publishing BiggerPockets Bookstore Brandon's Instagram David’s Instagram BiggerPockets Podcast 116: How to Quit Your Job Through Wholesaling, Flipping, and Taking Action with Nasar Elarabi BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport Click here to check the full show notes: https://www.biggerpockets.com/show522 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the bigger pocket podcast show 522. I have no comment in my paycheck, bro. No comment my joke, bro
0:09.2	Ain't nothing motivating to not having a comment in your paycheck
0:13.1	So anyway, I had no comment my joint. They won't fight me. They call it however. I had to sit there and listen
0:18.2	I had to listen to what their problem was so I can put them in touch on the right department
0:23.9	So we're from you know, no comment to to no limits man because of my mindset
0:30.4	You're listening to bigger pockets radio
0:33.2	Simplifying real estate for investors large and small
0:36.6	If you're here looking to learn about real estate investing without all the hype you're in the right place
0:42.6	Stay tuned and be sure to join the millions of others who have benefited from bigger pockets dot com
0:48.2	Your home for real estate investing online. What's going on everybody? It is me David Green your host of today's bigger pockets podcast
0:57.7	I've got some news to share. I think I may have officially worn out my co-host Brandon Turner
1:04.2	He hasn't been able to keep up with me and he needs a little bit of time off
1:07.6	So while Brandon is recovering from the strain that I've put him through
1:12.4	We're going to be trying out some different co-hosts here on the show who bring a different perspective
1:16.5	And a lot of wisdom along with them today. I'll be sharing the ball with Nasir LRB
1:21.7	And we get into a very good conversation about just what he did to leave the W2 world and go full time
1:29.4	Into real estate investing. I know this is a question on many people's hearts who are trying to
1:33.9	Figure out if that is for them
1:35.1	So there should be a ton of really good content in there as well as if you just want to be better at the job that you have
1:40.7	Nasir gives some really good information from that front to
1:43.6	Nasir what is going on my man? I'm doing okay first thing first just want to say thank you for having me on the show
1:52.2	I'm excited and I think the people will love this show
	...

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