This Enlisted Marine is Crushing it Financially! Jabbar Adesada

The Military 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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Sponsor: The War Room Real Estate Mastermind Group!

[e-mail]

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Resources:

Instagram: https://www.instagram.com/jabbar_investar/

Tiktok: https://www.tiktok.com/@jabbar_investa

The Automatic Millionaire, Expanded and Updated: A Powerful One-Step Plan to Live and Finish Rich, Book by David Bach:

https://www.amazon.com/Automatic-Millionaire-Expanded-Updated-Powerful/dp/0451499085

I Will Teach You to Be Rich, Book by Ramit Sethi:

https://www.amazon.com/Will-Teach-You-Rich-Second/dp/1523505745/ref=sr_1_1?crid=35Y5BJJ6IIXEW&keywords=I+will+teach+you+to+be+Rich&qid=1641790173&s=books&sprefix=%2Cstripbooks-intl-ship%2C564&sr=1-1

Follow The Military Millionaire Podcast's journey on:

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Become A War Room Mastermind Group Member:

https://military-millionaire-academy.teachable.com/p/the-war-room

Grab your book copy of The No B.S. Guide to Military Life - How to Build Wealth, Get Promoted, and Achieve Greatness, Book by David Pere:

https://www.amazon.com/B-S-Guide-Military-Life-greatness/dp/1736753010

Zero to One: Real Estate Investing for Beginners:

https://military-millionaire-academy.teachable.com/p/from-zero-to-one-real-estate-investing-101

Grab hold of your 2-Week FREE Trial of Propstream Now:

https://trial.propstreampro.com/militarytomillionaire/

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Sponsor: The War Room Real Estate Mastermind Group!

[e-mail]

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Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

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Website: https://www.frommilitarytomillionaire.com/start-here/

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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.