A lot of people make good income from their jobs, but few are able to turn that income into lasting, generational wealth. That’s why we’re super pumped to bring you this interview with professional football player Ryan Broyles. Ryan shares the strategies he used to turn the money made from football into rental properties that will provide for his future for decades to come. Ryan candidly talks about the creative strategies he’s used to pull off some impressive deals, the keys to working with partners, living life on a budget, and more. This episode is bound to change your outlook on investing, whether you are a football fan or not!
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We just wanted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!
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In This Episode We Cover:
Who Ryan Broyles is
A mandatory discussion on the NFL (and the Broncos!)
Why he got into real estate investing
Ryan's first deals
What exactly "legacy income" is
How to avoid bankruptcy after a career
Thoughts on lobbying for the rookie symposium
How to know if you can trust a potential partner
How to do your homework when investing with a partner
What it was like when he was a first-time landlord
Why you shouldn't overthink making deals
How Ryan manages via an LLC
What you should know about bulk deals
How he buys houses
Why you should mix cash flow and appreciation
The importance of continuous learning
A micro way of thinking about budgeting
A discussion on living within your means
A look at Ryan’s blueprint
What to do when you reach your goals
Why you should have a "unit perspective" in real estate
What Ryan's long term plan looks like
And SO much more!
Links from the Show
Josh's Twitter
BiggerPockets Forums
BiggerPockets Twitter
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
Investing For Dummies by Eric Tyson
Tweetable Topics:
"You can keep exploring real estate your whole life." (Tweet This!)
"If I don’t get the best deals, I’m not going to take them because I’m already where I want to be." (Tweet This!)
Connect with Ryan
Ryan's Website
Ryan's Twitter
Ryan's Facebook
View the full article: BP Podcast 161: Turning Good Inc...