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Investing in Real Estate: A Journey to Financial Independence
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!
Interview with Jabbar Adesada
Mindy: Hello, our dear listeners, and welcome to the BiggerPockets Money Podcast where we are speaking with Jabbar Adesada today, who you might remember from episode 257.
Scott: Thanks, Mindy. It’s great to be here with my, you know the drill, money sergeant, Mindy Jensen.
Mindy: Oh, I like. That was good. Scott and I are here to make financial independence less scary, less just for somebody else.
Scott: Yeah. This is the story of what energy, hustle, self-education, discipline, frugality and the interweaving, the interrelation of real estate investing into your personal life, can achieve for you in just a few short years. I know I had a similar experience to Jabbar in many ways, 9, 10 years ago when I was getting started. Just how that foundation can set you up to absolutely see your business and personal wealth explode in the out years. It’s a real treat to do this now, because we last recorded with Jabbar in December 2021, when he had just purchased his first two properties. …
Mindy: Scott, I think what I’m hearing you say is everybody should be just like Jabbar.
Scott: Let’s be like Jabbar.
Mindy: Let’s be like Jabbar. Let’s not waste another second, let’s bring in Jabbar.
Jabbar: …