Black Real Estate Dialogue
The purpose of the Black Real Estate Dialogue is to document the journey of an up and coming real estate investor and to share the stories of successful black real estate investors.
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Today, we sit down with Nasar El Arabi, an investor and wholesaler known as the Real Estate Doru.
The success that Nasar enjoys today is something his 24-year-old self could only dream about. It was at that exact age when he did his first deal—a fix-and-flip—right as the crash of 2008 rolled around. He invested $14,000 and lost it all.
But being, in his own words, “too stupid to quit”, Nasar decided to pivot into rental properties. This time, he made it a point to invest in himself first by reading Rich Dad, Poor Dad, and joining his local Real Estate Investment Association (REIA) where he was introduced to the concepts of wholesaling and creative financing. Nasar never looked back.
In this episode, we discuss how to leverage your brand to become known as an expert in your niche, why it sometimes pays to invest in overlooked areas as long as you’re comfortable working there, and why education and networking are the two pillars of success in this space.
1) Before you invest in real estate, you’ve got to invest in yourself first. Educate yourself by consuming all the material you can about your subject matter (ex. books and courses) and surrounding yourself with individuals who share your goals (ex. joining your REIA).
2) Most people consume content. Very few implement what they learn by taking action in the field. Take in as much information as you can to prepare, but don’t wait too long to actually get started. This is especially true today when it’s so easy to experience info overload from the sheer amount of content available at your fingertips online. Find out what you want to do, then follow that one course until you find success.
3) If you’re thinking about scaling your business but aren’t sure how to go about putting the right systems and processes in place, find a mentor or join a high-level mastermind group and learn from the experiences of others who have done what you want to do.
How to find him
Website – https://realestatedoru.com/
Instagram – @realestatedoru
Learn how to invest out of state- https://www.outofstatemoney.com/
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