When Nasar El-Arabi was 19, he was convinced that venturing into real estate was the best career option to create wealth and pass it on to generations after him. This was after he overheard his father discussing with a friend how a neighbor made seven figures flipping houses.
With some money he had saved up, Nasar and a friend invested a total of $32,000 in an investment property and ended up losing $14,000, according to Black News.
Despite an unsuccessful start in real estate, Nasar does not lose hope in the path he has decided to take. He was convinced that in due time he would gain some more education and emerge victorious. “I realized that I had to educate myself about real estate before investing in real estate. I have never heard of real estate; I just jumped in,” he said.
Today, Nasar has overcome its initial challenges and has built a seven-figure real estate business. And he does not rest on his oars. He teaches as many people as possible who want to learn the finer points of real estate investing. Through his YouTube channel, books, and events, he teaches people how to build generational wealth through real estate. Nasar sees it as his responsibility to help inspire hope and financial freedom in the black community.
While exploring real estate, Nasar kept a steady job. However, it was after he was fired from his job at 26 that he got involved in his real estate business. He worked in a call center that paid him $10 an hour.
“Life at the call center was terrible. When I went to work on Monday, it was like having a fridge on my back. I didn’t like it there, and I knew it wasn’t my calling. I didn’t go to college for that,” he said.
Apart from his personal drive for success, Nasar was also guided by the popular book “Rich Dad, Poor Dad”. According to him, this book gave him a glimpse of the fullness of the opportunities available to him.
Becoming a successful real estate investor hasn’t been easy for Nasar, but he believes with hope and determination that any individual can make the most of their hassle.
“If you’re in a dark place, I highly recommend figuring out where you want to go. Try to figure out what your passion is. If you don’t know, try to put yourself in an industry where you can make a good income. Better to be depressed with $10,000 in the bank than to live depressed check after check,” he said.