This Enlisted Marine is Crushing it Financially! Jabbar Adesada | From Military to Millionaire Podcast

Episode: 159
Jabbar Adesada
Join your host David Pere and Alex Felice in this episode with guest Jabbar Adesada as they get to know how a 20-year-old grows his real estate portfolio and tackles hundred-thousand-dollar real estate properties.
When people get into real estate, they tend to focus on what they don't have that may hinder their entry into real estate investing. But instead of thinking that, here, Jabbar explains why it's vital to maximize what you already have and how you can draw inspiration without comparison.
In this episode, Adam, David, and Jabbar talk about the right mindset towards risks, why David recommends having a network of lenders, Alex's take on HELOC limits, the first thing you should know about banks as an investor, and so much more.
About Jabbar Adesada:
After moving in with his father, Jabbar Adesada was given strict instruction to read books like "Rich Dad Poor Dad," "I Will Teach You To Be Rich," and "Automatic Millionaire." Jabbar decided to put down his NBA/med school dreams and open up a brokerage account.
Lucky for him, right around the time he started investing was the 2020 stock market crash, giving him all the discount he needed to make his first profits. After running some "when will I be a millionaire?" scenarios, Jabbar realized that real estate, and not the stock market, is the best path to financial independence.
Outline of the episode:
[03:03] Host to Service Members – hosting service members far from home
[05:50] Jabbar's first property from a VA loan
[10:19] On accidentally finding an investment partner
[14:55] What do you have that you can start with?
[19:56] You only need six months of service before using a VA loan
[24:35] Every bank is different
[30:46] Debt is the risk!
[35:19] What banks do to loans during downturns
[39:15] It's the risk that you're unaware of that sinks you
[42:12] Never compare; just draw inspiration!
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Resources:
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The Automatic Millionaire, Expanded and Updated: A Powerful One-Step Plan to Live and Finish Rich, Book by David Bach:
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I Will Teach You to Be Rich, Book by Ramit Sethi:
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Zero to One: Real Estate Investing for Beginners:
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Sponsor: The War Room Real Estate Mastermind Group!
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