Real estate investing is full of ups and downs, and few people know this better than Aalim Bakari. After a successful run in real estate, he took a 10-year break following the 2009 crash. Now, he’s back, using his experience and lessons learned to build a new path in the industry.
From Early Success to a New Beginning
Aalim’s first real estate deal was back in the 1980s, and over the years, he built a strong portfolio of mortgage notes. However, the 2009 financial crisis forced him to step away from the business. After taking time to regroup, he decided to return with a fresh perspective and a new goal—transitioning into development and new construction.
How Real Estate Changed His Life
One of the biggest advantages of real estate, according to Aalim, is financial freedom. His real estate success allowed his wife to leave her job and focus on raising their children. It also gave him the ability to give back to his church and community. This financial independence, he believes, wouldn’t have been possible through a traditional 9-to-5 job.
Balancing Family and Business
Many investors struggle with work-life balance, but Aalim made a conscious decision not to sacrifice his family for financial success. He attended his children’s games and events, ensuring he was present despite the demands of his business. Now, as his kids are adults, they actively seek time with him—a priceless reward for prioritizing family.
Jumping Back into the Market with Wholesaling
Aalim’s strategy for re-entering real estate is wholesaling. Unlike flipping or rentals, wholesaling requires less upfront capital, making it a great way to generate income quickly. His first wholesale deal earned him $5,000, and his most recent one brought in $15,000. While tempting to stay in wholesaling, his long-term goal remains development and new construction.
Lessons Learned Along the Way
- Education is Key – Aalim emphasizes the importance of continuous learning. Whether through books, podcasts, or mentorship, staying informed is crucial.
- Networking Opens Doors – Success leaves clues, and being around the right people accelerates growth.
- Be Willing to Adapt – Markets change, and so should your strategy. Aalim pivoted from mortgage notes to wholesaling and now aims for development.
- Manage Emotions – Real estate can be stressful, but keeping emotions in check prevents self-sabotage.
- Take Action – Success doesn’t come from just learning; it comes from doing. Aalim credits his progress to taking action despite uncertainties.
The Road Ahead
Aalim’s next big step is to build three new homes this year. His ultimate goal is to become a commercial developer, creating multi-family properties and mixed-use spaces. He recognizes that the competition in wholesaling and flipping is high, but fewer people enter development—an opportunity he’s eager to seize.
Final Thoughts
Aalim’s journey is proof that setbacks don’t have to be permanent. Whether you’re starting fresh or making a comeback, real estate offers countless opportunities if you’re willing to learn, adapt, and take action.
If you’re interested in real estate investing, networking, or learning from experienced investors like Aalim and Johnoson, visit grabthemapllc.com or email [email protected].
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