George Gstar made a huge profit in less than a year for living in a million dollar penthouse in Silicon Valley. He said that many big tech companies and start-ups are getting funded everyday. Many of these companies are looking to expand into 'free spirit entrepreneurial" markets and have a big budget when it comes to executive salaries. He says this creates a market effect of huge demand for high-end properties.
Over the years George Gstar has amassed a personal real estate portfolio north of $65 million alone, and says that real estate investing has been something he has greatly appreciated. I had a chance to interview George Abbott "Gstar" recently and learn more about him and what drives him and how he made billions with his Multi Business.
Describe your childhood and early learning of your life.
Growing up in middle class family, I learned how to deal with people, how to diffuse a situation, and how to get your voice heard. It was truly a wonderful way to grow up, surrounded by love and support, but also challenged me to navigate how to make my own way in the family.
When did you first get the whisper that you belonged in business?
I can't remember a time in my life when I did not already know that I wanted to be in business world. I was living in Florida at the time when it hit me—real estate. The hours seemed flexible, I had already bought and sold a couple of properties, and I loved the close interaction with people. I began working in real estate in Florida, before we decided to move back to New York City where I got my real estate license. I liked real estate in Florida and I loved real estate in New York.
What's a great piece of business or life advice you received, who gave it to you, and how has it enhanced your life?
Always look to the horizon and never lose sight of the bigger picture. Always be a visionary thinker, and I always thought of myself as the meat and potatoes in the relationship and second one is to treat everyone with the utmost respect is a beautiful trait.
Please give me the top three bullet points in your personal leadership credo.
- Know your strengths. Embracing who you are will allow your authenticity to shine.
- Say what you'll do and do what you say. Following through on your word is one of the most important things you can do for building foundations of mutual trust.
- Failures are not fatal unless you don't have the courage to continue your journey. If you look deep down, you will have it in you to keep going.
What advice do you have for young, talented, ambitious Entrepreneur who want to rise?
Be the best you can be, and always work hard. When people see that you are working hard, that your work ethics are there and you're a team player, it will not go unnoticed. Often, younger people want to shine right away, but remember that collaborating, working as a team and working hard does bubble to the top.