161: Turning Good Income Into Incredible Legacy Wealth with NFL Star Ryan Broyles
BiggerPockets Real Estate Podcast - A podcast by BiggerPockets
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! In This Episode We Cover:Who Ryan Broyles isA mandatory discussion on the NFL (and the Broncos!)Why he got into real estate investingRyan’s first dealsWhat exactly “legacy income” isHow to avoid bankruptcy after a careerThoughts on lobbying for the rookie symposiumHow to know if you can trust a potential partnerHow to do your homework when investing with a partnerWhat it was like when he was a first-time landlordWhy you shouldn’t overthink making dealsHow Ryan manages via an LLCWhat you should know about bulk dealsHow he buys housesWhy you should mix cash flow and appreciationThe importance of continuous learningA micro way of thinking about budgetingA discussion on living within your meansA look at Ryan’s blueprintWhat to do when you reach your goalsWhy you should have a “unit perspective” in real estateWhat Ryan’s long term plan looks likeAnd SO much more!Links from the ShowJosh’s TwitterBiggerPockets ForumsBiggerPockets TwitterBooks Mentioned in this ShowRich Dad Poor Dad by Robert KiyosakiInvesting For Dummies by Eric TysonTweetable 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 RyanRyan’s WebsiteRyan’s TwitterRyan’s Facebook