In this episode of Grab the Map, Johnoson Crutchfield interviews Jamel Gibbs about his 20-year journey in real estate investing. Jamel shares his story, facing challenges like losing everything in the housing market crash, and rebuilding his portfolio through wholesaling.
[1:32] Jamel started investing in real estate in 2002 by buying properties to fix and flip in Pennsylvania. However, he lost everything during the housing market crash in 2007-2008 because he had borrowed too much money.
[4:38] To start investing again, Jamel started wholesaling properties to generate the money he needed. He also began doing creative deals like lease options.
[13:05] Over his 20-year career, Jamel has accumulated over 2000 properties. He focuses on buying and holding properties for long-term cash flow through rental income.
[13:26] Jamel stresses the importance of cash flow in real estate investing and gives examples of how he generates $80,000 per month in passive income.
[14:35] Jamel achieved semi-retirement at the age of 30 by working only 3 days a week. He accomplished this by building passive income streams through real estate investments.
[16:24] Jamel's goal is to own a total of 5000 rental units by the time he turns 50. He currently owns properties in his local market and is also considering investing in countries like Ghana, Namibia, and Puerto Rico.
Mentioned in this podcast:
Connect with Jamel Gibbs for investing in real estate at https://reieducationacademy.com/.
If you are interested investing in real estate and make connections, shoot an email [email protected]. Read on some of our blogpost http://grabthemapllc.com/.