686: Seven-Figure Flips and Opportunity Zone Investing w/Former NBA Player Evan Turner

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 10 November 2022

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

House flips, opportunity zone investing, student housing—name a real estate strategy, Evan Turner, former NBA player, has probably done it. Unlike most professional athletes, Evan left the league with more assets than at the peak of his career. He was buying real estate, building homes, and making moves while working a grueling six days a week schedule, knowing that he had to use this opportunity to build something that went far beyond basketball. Evan grew up in the inner city with a single parent. The realities of struggling for money were all too real for him when he got hit with millions of dollars in his early 20s. He struggled to spend any money for the first few years of his NBA career, which led him to have a surplus that he used in all the right ways. Relying on NBA veterans around him, Evan knew that to build wealth, he needed to up his assets. The most tangible thing he could think of investing in? Real estate. Now, with many deals under his belt, Evan has become proficient in almost every aspect of buying, funding, and profiting on a real estate deal. He, like many other investors, is seen as lucky for buying consistently throughout the past decade. But Evan knows that the rewards he reaps today came from smart decisions he made years ago. Now, even after he’s out of the game, Evan is still able to bring in seven-figure paychecks. But this time, thanks to smart strategizing, he’ll get to keep most of it. In This Episode We Cover: Making the money mindset shift that allows you to build wealth while others waste their resources Opportunity zone investing and using real estate to revitalize urban communities Evan’s unbelievable seven-figure fix and flip vacation home deal Why the first investment property matters most and how to ensure you turn a profit with no experience Building your real estate team and why everyone needs to network Taking the “luck” out of investing and why consistency beats timing every time And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter The Investing “Cheat Code” of Opportunity Zone Rentals The 20 Best Performing Opportunity Zones for Real Estate Investors Tune Into the “Point Forward” Podcast Connect with Evan: Evan's Instagram Evan's Twitter Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-686 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Puckest Podcast Show, 686.
0:30.0	What's up everyone? This is David Green, your host of the Bigger Puckest Real Estate Podcast,
0:35.7	the best, the biggest, the baddest real estate podcast in the world here today with an amazing
0:40.6	episode for you. Today, my co-host Rob Abasolo and I are interviewing our friend Evan Turner.
0:46.8	Evan had a very impressive NBA career and while he was in the NBA doing his thing, he was also
0:53.5	buying real estate. He's now a businessman and entrepreneur and a real estate investor and has been
0:59.1	making bigger and bigger moves since he first got started and he comes on the show to share with us
1:04.4	his process, his journey, what he's buying, how he's buying it and how he looks at the world and
1:09.0	you're going to love what you hear. Rob, what were some of your favorite parts that today show?
1:12.8	Oh man, this is a a fave-y-fave as I call it. It's one of my favorite episodes, man. We were just
1:16.8	really having a lot of fun and for those of you who've stick around to the very end, you're going to
1:21.4	see me drop some pretty, I don't mean to be so intense about it, but some pretty intense basketball
1:27.1	analogies there at the end. So I would definitely stick around to the end. You cannot miss this.
1:32.5	Everybody you have to listen to this show. Rob and his basketball, I don't know if analogies
1:39.2	is the best, but references are worthy of being made into a t-shirt. You definitely need to say
1:44.5	these words to Rob when you see him in real life. It was so bad. It was good in a way that only
1:50.5	Rob Abasolo can do. Before we bring in Evan, by the way, guys, this episode is a little bit longer,
1:55.7	so we're going to make a shorter intro for you because we took advantage of as much as we could
1:59.2	to get as much out of Evan's brain as possible, which is why it's such a good show. All right,
2:03.1	and a quick word from today's show sponsors. Today's housing market is messy. Interest rates are
2:08.8	sky high and yield is becoming impossible to find, but despite all the uncertainty, there's hope
2:13.8	from our friends at Funrise. Funrise is America's largest direct-to-consumer alternative assets manager
	...

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