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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI303: The Real Estate Playbook w/ Cliff Avril

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 6 November 2023

⏱️ 68 minutes

🧾️ Download transcript

Summary

In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with NFL pro-bowler and Super Bowl winner, Cliff Avril. They touch on his football career, but the focus of the conversation is on Cliff’s life after football. You’ll learn how he got started investing in real estate, how his first big project went, what he’s learned from some of his partners, and why he loves cost segregation studies and other tax saving strategies. They also talk about his investment in a professional pickleball team and his philanthropy he does through the Cliff Avril Family Foundation. Cliff Avril had a 10 year NFL career and played for both the Detroit Lions and Seattle Seahawks. He won a Super Bowl with the Seahawks in 2014 and was in the Pro Bowl in 2016 as a Defensive End. Cliff is first and foremost a family man and lives with his wife and two sons in Seattle, Washington. After a career-ending injury, Cliff left the NFL and has gone on to become a successful real estate investor and developer with projects throughout the country. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro. 02:18 - What it was like growing up in two different cultures for Cliff. 02:57 - Why the self-confidence necessary to make it in the NFL can be a detriment later in life. 07:54 - What the NFL provides to players in terms of financial literacy classes. 08:19 - How Cliff saved a bigger portion of his NFL salary. 14:05 - How he dealt with a career-ending injury. 19:09 - How real estate became a calling for him. 19:40 - Why he thinks cash flow is true wealth. 25:19 - How Cliff has found people he can learn from and trust. 26:40 - What his first real estate investments were and how they went. 26:44 - Why he ended up renting to NFL players. 29:51 - What his first big project looked like. 31:49 - How he has implemented learnings from football to real estate. 33:10 - What he learned from one of his first partners. 36:37 - What the benefits of cost segregation studies are and why Cliff does them. 39:37 - How he avoids shiny object syndrome. 42:44 - What his strategy is for building luxury spec homes. 51:39 - What NFL players he is modeling his real estate career after. 53:38 - Why he’s so into pickleball. 59:44 - How philanthropy has become a big part of his life with the Cliff Avril Family Foundation. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Richest Man in Babylon by George Clason. Rich Dad Poor Dad by Robert Kiyosaki. The Everything Guide to House Hacking by Robert Leonard. Related episode: Listen to MI285: The Art of Tax Optimization w/ Mitchell Baldridge or watch the video. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick: Twitter  Connect with Cliff: Website |  Instagram Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TIP.

0:02.2

You know, again, I go back to football.

0:04.1

I can't be a great quarterback and a defensive end. It's either or. Like, you can't do both, right? And I'm a firm believer that you just can't be great at multiple things at once. I think you can be great at something and then move into another space and try to excel in that. But I don't think you didn't grow and be great at two things at the same time. So I try to stay focused with the with the multifamily value add.

0:24.5

I'm still. that, but I don't think you can grow and be great at two things at the same time. So I try to stay focused with the multifamily value add.

0:24.5

I'm still building out my criteria, but that's for sure the lane I want to be in.

0:31.0

Hey guys, in this week's episode, I had the chance to sit down with NFL Pro Bowler and Super Bowl champion Cliff Averill.

0:38.5

We touched on his football career, but the focus of the conversation is on Cliff's life after football. You'll learn how he got

0:43.3

started investing in real estate, how his first big project went, what he's learned from some of his

0:48.1

partners, and why he loves cost segregation studies and other tax saving strategies. We also talk about

0:53.7

his investment in a professional

0:55.0

pickleball team and his philanthropy that he does through the Cliff Averill Family Foundation. Cliff had a 10-year

1:00.8

NFL career and played for both the Detroit Lions and Seattle Seahawks. He won a Super Bowl with

1:05.6

the Seahawks in 2014 and was in the Pro Bowl in 2016 as a defensive end. Cliff is first and foremost a family

1:13.1

man and lives with his wife and two sons in Seattle, Washington. After career-ending injury,

1:18.7

Cliff left the NFL and has gone on to become a successful real estate investor and developer

1:22.9

with projects throughout the country. He also pours his time, money, and energy into the Cliff

1:28.1

Averill Family Foundation to increase awareness of type 2 diabetes in youth and to promote

1:33.1

healthy living through nutrition and exercise. And now, let's get into this week's episode

1:38.0

with Cliff Averill. You're listening to Millennial Investing by the Investors Podcast Network, where your hosts, Robert Leonard, Patrick Donnelly and Kyle Greve, interview successful entrepreneurs, business leaders and investors to help educate and inspire the millennial generation.

2:08.7

Hey, everybody. Welcome to the millennial investing podcast. I'm your host today, Patrick Donnelly.

2:17.0

And joining me today is a really special guest. He's an NFL football player. He was a pro bowler, won the Super Bowl. Cliff, Aver Cliff, welcome to the show. Thank you for having me.

2:18.7

I'm looking forward to this. It should be really fun. I'm really looking forward to it.

...

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