Entrepreneur of the Week Jonathan Fabin # Post1
Very pleasant, my name is Yonatan Fabin, 34, married to an amazing woman named Liron and the father of a one-year-old child and 4 (also no less amazing) named Alon. A real estate developer in Birmingham, Alabama, he mainly deals with flips in luxury neighborhoods for homes that sell up to 7 digits. In my free time I run and recently finished my second marathon 😊
I want to start with thanks. Thank you to the people who make it possible for me to do what I do, whether it's my family, partners, staff, investors and forums that also provide a platform for beginning entrepreneurs. Special thanks of course to my father who contacted me and allowed me to write here!
So where did it all start?
I remember exactly where I was when I told myself I was going to be a real estate developer for the first time. I had a hard time believing in myself. Especially after investing 12 years of my life in the field of mechanical engineering. I was right in the middle of a flip to a completely broken inheritance apartment in her room, after realizing that whoever was supposed to accompany me had made a piece of me, and also not forgetting to pardon the contractor who worked there.
It was a defining moment in my life. A moment of decision that I was going to change course and it came when I had the hardest time (at that time I did not have a child, proportions 😊).
But let's go back a bit.
2018, I am newly married, my wife originally from Ganei Tikva and will not compromise on less than a contractor apartment next to the parents.
Armed with the little we had, we started going through a project in the city and as you guessed, with an apartment we did not leave. To this day I thank the parents who improved our luck and gave us just to buy a broken apartment in Hadera. Why should it be so simple ?!
This part of the story we all know, this is also the reason why we came together - we realized that we need to start learning to invest because no one taught us. Neither the school nor the parents. Of course no one around us talked about it.
After we were fed up with YouTube and read a lot of posts, articles and books (yes, I also read Daddy Rich and he left a mark on me) we very quickly found ourselves in our first real estate course, a first flip in Hadera and then a series of courses that changed the perception we knew until then.
I will not expand on the courses at the moment but I will say that in order to make real estate, more soup is required than a desire to make money, and more is required than "getting to know the market". I truly believe that to do real estate requires a high sense of abundance (when the other earns I also earn). In addition, setting clear goals that remind me every day why I am in this field and invest entire evenings on phones and excel. I will even dedicate an entire post to the topic of relationships and real estate (would be interesting).
So what am I planning this week?
First of all I will say that it is a great honor to write here! I personally am in the midst of significant growth and like any growth it comes with a lot of pain, experience, learning and gaining experience. I will share the experiences I go through in the process, my guiding principles, successes, failures and tips that I gather along the way.
So here are some of the topics we will talk about this week:
Creating relationships and finding a local partner
Creating "Black Boxes"
As I mentioned - relationships and real estate
And more surprises.
I will try to share some of the deals and lessons I learned from them in each post.
I will sign this post with my "why". It was written almost 3 years ago when I started this journey:
The "why?" - 2 reasons:
1. I want to live an uncompromising life, a life in which my choices are not limited by financial constraints. I want to give my family what I did not receive in my youth - flight. A feeling that everything is within reach, both conceptually by personal and physical example by creating financial security.
2. I want to buy time. Time to spend with my family, time to take on challenges, time to hike, time to play sports, time to study and teach, time to reach peaks that other people do not reach.
Have a great week!