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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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
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!)
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11 Comments
Great interview! Nice seeing some pro athletes moving on to RE investment
Ryan it’s awesome that you are doing RE and being smart with the money you made! Hope you can catch on with a team, I loved watching you play in Detroit!
Watching and listening to this interview was enlightening. My husband and I are on our second rental home and are looking into multi-family as the next step. To hear Ryan talk of learning as he goes on his building project is inspiring and encouraging. Thanks for this interview.
I enjoyed listening to this podcast! I love to see people being responsible with their finances and taking charge of their financial future. Legacy Wealth! Yes!!!!
I’ve been listening to podcasts for a few weeks now. While I enjoy it, It’s more entertaining to watch. I think the interaction makes a difference. Thanks for a really good show.
Another entertaining and informative podcast, thanks Ryan, Josh, and Brandon. And happy 40th B-day, Josh.
Great podcast. I like the fact that he’s thinking about his financial future and building legacy wealth. I also like his answer to what makes some investors succeed while others fail. You gotta have a plan and just get started. He’s a smart young man and I’m going to have my son listen to this podcast because he made so many great points.
Thanks again for a great podcast guys and thank you Ryan, you gained a new fan!!!!
A great interview Ryan! I love your optimism and wisdom. Wish I had that discipline as a lad growing up on the east side of Detroit.
Thanks Josh and Brandon for a superb show!
Awesome Interview. Love it.
Very inspiring. Loved it. And even though he was an NFL player, he started small to where someone new can do the same thing. Good Stuff!
Great interview. I love being inspired by people that are doing it. I wasn’t expecting to be so interested in this pod cast but was pleasantly surprised. Thanks, guys