In this episode of the Be Someone Podcast, Michael Hong interviews Abraham Gray, a seasoned real estate investor and entrepreneur with over 35 years of experience in business and real estate. Abraham shares his journey into real estate, discussing his first deals, current business operations, and strategies for sourcing deals in Atlanta. He emphasizes the importance of networking, the go-giver mentality, and prudent financial practices in lending. The conversation also touches on legacy, generational wealth, and the significance of imparting knowledge to the next generation.
Takeaways:
Abraham has been in business for 35 years and real estate since 1998.
He focuses primarily on the Atlanta market for real estate deals.
Networking and relationships are crucial for sourcing deals.
Abraham emphasizes the importance of having mentors in real estate.
He has a diverse portfolio including fix and flips and rental properties.
Abraham prefers to keep properties long-term for cash flow and tax benefits.
He actively lends money for real estate projects, ensuring safety in his investments.
The go-giver mentality has helped Abraham build strong relationships and business success.
He believes in teaching his children about business and real estate for future success.
Abraham advises new investors to actively network and post about their activities online.
Chapters
00:00 Introduction to Abraham Gray and His Journey
03:28 Diving into Real Estate: First Steps and Early Deals
06:27 Understanding Property Management and Cash Flow
09:16 Current Real Estate Business Model and Strategies
12:25 Navigating the Fix and Flip Market
15:24 Building a Network and Generating Leads
18:33 Lending Practices and Investor Relationships
21:17 Diverse Business Ventures and Personal Insights
24:30 Advice for New Investors and Wholesalers
27:08 Making Offers and Negotiating with Wholesalers
29:47 Partnering in Diverse Businesses
32:51 The Journey from Business to Real Estate
35:41 Involving the Next Generation in Business
37:45 Legacy and Generational Wealth
42:06 The Go-Giver Mentality
45:48 Learning Through Experience and Courses
How to Get in Touch with Abraham:
Youtube:
https://www.youtube.com/channel/UCplzGExPqM0Ff6RpO_jiuNg
Instagram:
https://www.instagram.com/abrahamgrayofficial/?hl=en
Tik Tok:
https://www.tiktok.com/@abrahamgrayofficial
Facebook:
https://www.facebook.com/abraham.gray.980/
LinkedIn:
https://www.linkedin.com/in/abraham-gray-8776a925
If you want to talk about deals or if you have deals in Houston area, DM Michael Hoang on his Instagram: @michaelbesomeone or shoot him a message at
832-301-9672 (text first before calling)