Founder and CEO of Model Equity
Abbas was born and raised in Iraq. Growing up, Abbas recalls sleeping on concrete floors because his family couldn’t afford to buy beds. He came to the US at the age of 11, and years later, decided to get into Real Estate at the age of 18, paying for his start-up costs on a $5,000 credit card he had at the time. After spending a full year making thousands and thousands of cold calls a day to generate clients, Abbas got his first listing in the Bay Area as an agent, and within a year after that, became one of the top producing agents in the bay area.
2 years into the business, he decided to start running his sales business as an actual business and implemented systems and processes, as well as hiring virtual assistants from all over the world, to expand the business to multiple 7 figures a year.
Abbas became one of the top 50 agents nationwide with RE/MAX in less than 5 years of being in business. Wanting to invest his business cash flow and not being satisfied with buying single family homes or stocks, he eventually decided to invest in Multifamily Apartments.
Within a year, Abbas invested in over 1500 apartments in top performing locations. He also exited his Real Estate sales business and went full time into running Model Equity with the mission of reaching $1 Billion in assets under management in the next 5 years alongside investors.
You can read more about our investment philosophy, our favorite markets, and other useful information on our website.