There’s no easy and fast way to make big bucks. Get-rich-quick schemes that promise high investment returns for small amounts are shady deals that leave people in poorer states. Those who have been long acquainted with wealth management and accumulation know that investing wisely takes time and effort; often, it requires employing complex methods to identify profitable and sound investment vehicles.
For most seasoned investors, real estate is the most effective way to gradually and consistently grow their money. It’s why millionaires and billionaires around the world keep a large portion of their wealth in real estate.
Just because it’s the best option for wealth management doesn’t mean it doesn’t come with risks. Like any other investment, real estate has inherent financial dangers. For newcomer investors, getting into real estate needs sound guidance and methods.
For Abdul Siddiqi, real estate is the gateway to unlimited wealth and abundance limited to the wealthy and the knowledgeable. His journey in the real estate industry began as a realtor, working on mastering the art of closing deals between sellers and buyers. It was at the initial stages of his career that he saw the high returns his clients were making because of real estate investing. He realized he had what it takes to succeed in this type of investment vehicle.
Abdul spent 16 years mastering the ins and outs of real estate, and pretty soon, he developed a knack for identifying which properties would provide the highest returns. He started making small investments, learning invaluable lessons and insights with each deal, which eventually led him to take on larger projects.
For the past couple of years, Abdul has become quite the expert at finding and identifying distressed single-family homes and multi-family properties. Abdul would come in to purchase and rehab the properties. Depending on the market and the property, Abdul and his team would either flip the properties or keep them for their portfolio.
Since taking on real estate investments, Abdul has owned, managed, brokered, and developed close to $100 million worth of properties. When asked what his secret was in building a name for himself in real estate, Abdul had this to say, “The key to my success is having both experience and first-hand knowledge of all aspects of real estate. From buying to brokering, developing, and lending, I know how each job needs to be done. I can understand all aspects of the transaction and can help add the correct value to an asset by knowing what will give the greatest return.”