Real Estate Allowing for Life After Tragedy with Jay Gabrani
What you’ll learn in just 17 minutes from today’s episode:
Learn about the simple strategy that has served Jay well in his real estate career
Discover the tragic story that inspired him to create a business called Prepared Fathers focusing on how to b...
What you’ll learn in just 17 minutes from today’s episode:
- Learn about the simple strategy that has served Jay well in his real estate career
- Discover the tragic story that inspired him to create a business called Prepared Fathers focusing on how to build a real estate portfolio
- Learn about a new project he is venturing into called Teen Finance Accelerator
Resources/Links:
Summary:
After his first child was born in 2005, Jay Gabrani jumped into the world of real estate investing. Despite several challenges along the way, he built a seven-figure real estate portfolio that helped him take a multi-year sabbatical to deal with the heartbreaking tragedy when his wife passed away in 2014. Today, Jay makes an impact in raising three children and empowering families to secure their Family’s Financial Future as the founder of Prepared Fathers.
In this episode, Jay shares how his income from real estate provided him the financial cushion when he needed it the most. And in his quest to find out how millionaires become millionaires, he found that real estate was the way to go.
Topics Covered:
- 01:15 – The primary investment strategy that has served him well
- 01:58 – What does he buy and hold and why does he advocate one’s focus
- 03:14 – What does he do with the properties with bungalows on it that he bought
- 04:22 – Are they bungalows with secondary suites or are they just single-family homes
- 05:51 – A backstory of what his career was before real estate and what made him shift to the latter
- 07:15 – How his first real estate investment in Edmonton started
- 08:17 – What’s his name of the game when in trouble
- 09:53 – Making the most of joint venture when looking for capital
- 11:39 – Number of properties he builds with his partners and how did the investment go
- 12:14 – What is his business called Prepared Fathers all about
- 13:08 – The tragic story behind what made him start Prepared Fathers
- 17:51 – What this tragic story taught him and how real estate has been a financial cushion to him
- 19:56 – His new project: Teen Finance Accelerator – what is it all about
Key Takeaways:
“I am a strict buy and hold long-term guy. It served me pretty well. And that’s the strategy I just like. I like things simple. I find buy and hold to be simple so that’s what I tend to stick with.” – Jay Gabrani
“I had always driven to be successful. I was always rather ambitious, but I wanted to know how millionaires became millionaires. I read a whole bunch of stuff. I chose real estate.” – Jay Gabrani
“When you’re going through some trouble. Keep it rented. Keep the space full. So that’s one thing I want people to point out. It’s not always doom and gloom, even when the numbers go down if you stay rented.” – Jay Gabrani
“There’s so much money just sitting around. You should never have the excuse of, there’s no money. Because if you don’t have one, that’s fine. Partner, partner. Be resourceful. It’s not about having resources. It’s about being resourceful.” – Jay Gabrani
“I love doing the consulting and coaching so Prepared Fathers is what we’ll call an everyday business that I do.” – Jay Gabrani
“What I encourage people to do is be ready for life’s curveballs and real estate lets me be ready after that tragic and obviously, a very difficult experience I went through.” – Jay Gabrani
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