Dallas, Texas Pro Baseball Player

17 Replies

What is up people! I am a super young, super inexperienced, super talented investor in the Dallas/Fort Worth area! My day job is a professional baseball player with the Kansas City Royals (super chill), but I have an intense passion for real estate (almost to the point where I quit baseball in college). Anyway, like I said I am super raw at this, but I am willing to put forth so much effort and work together with people who have the same large scale goals as me. In sports (and life) having goals is paramount to success. My goals are laughable to some, but attainable to me. If anyone has any questions, comments, suggestions, or anything else they want to say - even baseball questions - feel free to reach out and comment or send my a direct message. I'm super pumped to get started on this journey!

Welcome to BP. That is great you have a passion for real estate. As you know, every professional sports player has a shelf life. Real estate investing is something you can do forever. The best advice I can give is:

1. Be extra cautious when partnering with people. Your star power makes you a target more than the average person. People assume in professional sports you have money and you may not be savvy to catch a scam so the perfect mark.

2. The flip side of item 1 is using your star power to your advantage. It can get you in the door on deals or help attract investors to work with you. Use it while you have it to propel your investing career forward.

3. I fully agree that life, like sports, is about setting goals. The same drive that makes you successful in sports can make you successful in anything you do. Keep that passion.

As far your goals, I am interested to hear what your real estate goals are? Do you have any investments yet? 

I love baseball, even though I am Twins fan, which leads to ongoing disappointment, haha. I was born in Minnesota, so I can't help but support the Twinkies. Great to have you in the BP community. I hope you stay active. It would be great to hear about your journey as you get more into real estate.

Joe - As a new member to BP, I am not fully in tune with how the website functions, so there may be a more efficient way to communicate. I apologize. 

Number 1 - Thank you for the reply. This is my first post, and I am delighted to have someone respond! I greatly appreciate your feedback and suggestions. The "shelf life" point is very true, I only have a finite amount of time to play this game, I may as well make the most of the opportunity. 

2 - I do not currently have any real estate investments yet. As mentioned, I am still trying to refine my skillset and learn as much about the real estate game as possible. As I spend more time on the BP website, I begin to realize how much there is to learn! I am currently spending most of my free time reading educational posts, listening to podcasts, and looking through the forum. 

3 - As far as goals, I want to own 30 houses by the time I am 28 (I'm 23 now). Another huge goal of mine is to have real estate investing become my full time profession (after baseball, of course). There is so much that intrigues me about the real estate game, and I am super excited to get started with everyone from the Bigger Pockets family!

4 - I spent some time in Mason City, Iowa playing Junior College baseball. Many of my teammates were from the Twin Cities (and subsequently Twins/Vikings fans). This being said, I know the headache/disappointment/stress of rooting for them, so I feel your pain! If it makes you feel any better, I am a Dallas Cowboys fan. 

Welcome to bigger pockets. You will learn a lot on here. There is so much info. I would have never been able to achieve what I have without the many great people on here. 

I would just take some time to read through some info that takes your interest. What you think you want to invest in today may be different tomorrow when you read about another's way of investing. And don't be afraid to ask anything. 

To All The New Investors: 

Read > Study > Learn! Ask Questions? 

At some point, you have to leave the edge of the pool, and actually get into the water. Do it cautiously, buy one, wait several months > then buy another - if it seems like the right fit for you. 

Once you own properties - that's when your real learning starts! Think about how you should respond when the tenant misses paying the rent. I don't mean misses paying it on time - I mean NOT paying. What's your response when the Tenant "trashes" the place and moves out the middle of the night? 

Because, if you stick around long enough or own enough properties - it's going to happen!

Welcome!

@Harrison Beethe   You should buy a house with a lot of bedrooms and rent bedrooms out to the players while they're here.  Move up to the majors and out of the house, on the IR list or get pushed down to the farm team, then you're back in the house.   That would be a lot better probably for players than trying to rent apartments.   That is if players want to live with a lot of other players, but I figure some are trying to keep expenses low.

I like @Joe Splitrock advice about being careful who you partner with and where you invest your winnings.  I've seen a lot of pros just get swindled.

Do you get any time off or have downtime now?   At least while you are on the road in a hotel room, better to study real estate, listen to podcasts, read the blogs, vs becoming a playstation expert like so many others.  Plenty of great athletes around here that took time during the off season to study, learn, practice real estate.  Think Roger Staubach and Emmitt Smith among many others.

There is another former pro bb player that runs a real estate meetup group about 1x month here in DFW area.

@Harrison Beethe welcome to BP and RE investing! Your goal seems completely obtainable to me if you have the drive.

I would however maybe do some more research into the types of investing opportunities out there for you. Because I assume you are pretty busy from Feb-Oct and on the road a lot you may want to consider partnering or passively investing in some larger multi family deals. I also like the idea of buying a large house and renting out rooms to other players - especially those that are only getting called up temporarily.

I would second the point about being careful about who you partner with that they aren’t just taking advantage of your star power or assuming you have the cash to cover anything.

Lastly, take advantage of your star power. Build up your social media presence now by interacting with current market fans and your college alum. Don’t hesitate to pick up the phone and call some of the larger real estate players in your market for informational meetings.

@Harrison Beethe Even though you have a high-profile job, I would still recommend starting as everyone else with a House Hack in KC or Dallas wherever you call home. You can and probably should hire out the management, but other than that it will give you early experience as an investor, landlord, and help you figure out some of the lessons that book learning in REI will not teach. Good luck to you. I would recommend you connect with @Jordan Moorhead in Austin Texas, he is a very accomplished investor and Realtor that can teach you what he knows.

Originally posted by Tim Swierczek:

@Harrison Beethe Even though you have a high-profile job, I would still recommend starting as everyone else with a House Hack in KC or Dallas wherever you call home. You can and probably should hire out the management, but other than that it will give you early experience as an investor, landlord, and help you figure out some of the lessons that book learning in REI will not teach. Good luck to you. I would recommend you connect with @Jordan Moorhead in Austin Texas, he is a very accomplished investor and Realtor that can teach you what he knows.

I second @Jordan Moorhead . He's a good guy who will tell you what you NEED to hear, not just what you want to hear.

Congratulations on finding BP! This is a great time to be a sponge. Read as much as you can. Listen to the podcasts and audiobooks. There's a great list of books in the BiggerPockets bookstore. Most can be found on Audible. Research the areas you are interested in using sites like Realtor.com and Redfin. Real estate investing is a business. It's crucial that you have some understanding of the market you are interested in. When you think you are ready to engage a real estate professional check your credit report and work with a lender to get a preapproval letter. The more prepared you are the smoother the process will go. Hope this helps.

Rob

I respect those goals and cheer you on.  Given your profession, you have a financial advantage and able to start your game plan with the gas pressed hard.  No reason you can't hit that goal.  Two thoughts:  (1) You need to be crystal clear on your game plan.  What are your next 90-day actions (that are in alignment for your first year goals).  (2) Become your own bank.  Have a call with a friend of mine, Ryan Lee at Cash Flow Tactics, on this topic.  This simple yet profound tool will propel you forward towards that 30 mark.

@Harrison Beethe ARod has built up a sizable apartment portfolio over the years. Do small. Get comfortable with the small. Sell the small. Move up. Have a plan and stick with it.