Weiss Advice
Weiss Advice
A 22-Year-Old's Playbook for Young Investors with Jabbar Adesada
How do people become uber-successful real estate investors? In this case, at a very young age of 22. Jabbar Adesada shares his journey of overcoming adversity to achieve financial freedom and success in real estate investing. Growing up in poverty with an abusive mom, Jabbar discusses his traumatic childhood and pivotal move to live with his estranged father at 15. After discovering Robert Kiyosaki's "Rich Dad Poor Dad," Jabbar became obsessed with building assets and not liabilities. He bought his first rental property at 18 while serving in the military, living on a futon and renting out rooms. Jabbar then started raising money from investors and partnering to scale up, buying nearly 10 more rental units within a couple of years.
[00:00 - 09:12] Jabbar's Early Adversity and Paradigm Shift
- Grew up in poverty with abusive mother leading to a traumatic childhood
- Moved in with estranged father at 15, pivotal shift
- The pivot at 15 years old - the need to become somebody
- Read "Rich Dad Poor Dad" and learned about assets vs liabilities
[09:13 - 25:40] Entering Real Estate Investing Through Rentals
- Joining the military and learning from a mentor
- Bought first rental property using VA loan at 18
- Started raising money to scale into more rental properties
- Bought 25 properties in 6 months with partner
[25:41 - 31:57] Path Forward: Focus on Strengths and Giving Back
- Focused on outsourcing to scale business
- Learned importance of self-belief from missed commercial deal
- Short-term rentals fully outsourced, flipping more hands-on
- Intends to exit military ASAP
[31:58 - 39:30] The Final Four: Worst Job, Book, Skill to Learn, & Definition of Success
- Worst job ever was being a private first class in the military
- Book that gave a paradigm shift: “The ONE Thing” by Gary W. Keller and Jay Papasan
- Skill/talent to learn: Speak Spanish
- Success is defined by quality of relationships and helping others
Connect with Jabbar
Instagram: https://www.instagram.com/jabbar_investar/?hl=en
Facebook: https://www.facebook.com/jabbar.adesada
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Tweetable Quote:
"Success is the value of your relationships, the quality of your relationships, and how you're able to impact and help other people." - Jabbar Adesada