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Real Estate Investing with Coach Carson

#152: How an NFL Athlete Used Real Estate Investing to Create $300,000 per year of Passive Cash Flow

Real Estate Investing with Coach Carson

Chad Carson

Business, Investing

4.9614 Ratings

🗓️ 8 February 2021

⏱️ 56 minutes

🧾️ Download transcript

Summary

Episode #152 - NFL athlete Devon Kennard is an elite athlete who worked hard for football success. But he learned earlier in life that fortunes can change quickly. So even as he made large NFL salaries, he's lived modestly (including driving his high school car for 2 years while in the NFL!), saved money, and invested in things he understands - like real estate! In this interview, he shares his story of getting started as an investor, buying a rental house in Indianapolis, and eventually growing his portfolio to the point where he received $300,000/year of cash flow!

He also talks about what matters to him in life, like teaching young people to value reading and learning.

Companion article/show notes:

5 Key Financial Habits From Devon:

Be a lifelong learner

Take low-risk action (don't get stuck only learning!)

Save money

Network proactively

Do something every day

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🏘️REAL ESTATE IN YOUR RETIREMENT ACCOUNT? This is a strategy I've used successfully for years, but you've got to make sure you have a custodian that specializes in this type of investment. I personally use and highly recommend my friends at American IRA. You can watch a short video, get an information guide, or set-up a free consultation at https://coachcarson.com/americanIRA

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🎧SUBSCRIBE to the podcast for more episodes about how to achieve financial independence and do what matters using real estate investing! https://coachcarson.com/podcast

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▶️WATCH my YouTube channel - Coach Carson TV - for tutorials, tips, strategies, and interviews https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

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📋 GET MY FREE REAL ESTATE INVESTOR TOOLKIT https://coachcarson.com/reitoolkit

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FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/

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READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook

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👋👋 SAY HI ON SOCIAL https://www.facebook.com/coachchadcarson/ https://twitter.com/CoachChadCarson

Transcript

Click on a timestamp to play from that location

0:00.0

I'm going to start out small on my own, really figure it out.

0:03.0

So I hope to buy anywhere from five to 12 unit building this year and start stacking from there.

0:11.0

And, you know, my goal is essentially to in the next five to 10 years, own over 1,000 units.

0:17.0

And to be able to own and manage those would be really awesome.

0:21.3

So those are some of the new goals I have in mind.

0:24.4

You know, they're monster goals, but, you know, I'm going to start tipping away at it,

0:27.9

doing one thing every day and see where it puts me.

0:42.4

Welcome to the real estate and financial independence podcast.

0:43.8

My name is Chad Carson.

0:44.9

You can call me coach.

0:51.3

And this is a show all about investing in real estate, achieving financial independence, and doing more of what matters.

0:52.7

Hey, everyone.

0:54.9

It's great to have you here listening to another show, whether you're a brand new listener, a long-term listener. I appreciate you being here.

1:00.1

Today's episode is about how an NFL athlete used real estate vesting to create $300,000 per

1:07.0

year of cash flow. I'm going to interview Devon Conard. He is an outside linebacker with

1:13.5

Arizona Cardinals. Just an amazing guy, very thoughtful, has a broad interest of different things.

1:19.9

And it's kind of fun for me. This is one of those episodes that combine two different universes

1:23.5

that I've lived in as a former football player. I never played the NFL like Devon did. I kind of

1:28.6

cut my career right before that happened. But I did play college football and just appreciate his

1:34.0

his excellence in that world. And he's a really good athlete. But he's also shown how you can use

1:39.9

his good fortune of being a good athlete and making money and transition that and decide to invest wisely.

1:46.2

So whether or not any of us are going to be in the NFL, most of us are not. There are a lot of

...

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