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441: House Hacking as an NFL Player? How Former Tight End Hakeem Valles Grew His Real Estate Portfolio

441: House Hacking as an NFL Player? How Former Tight End Hakeem Valles Grew His Real Estate Portfolio

FromBiggerPockets Real Estate Podcast


441: House Hacking as an NFL Player? How Former Tight End Hakeem Valles Grew His Real Estate Portfolio

FromBiggerPockets Real Estate Podcast

ratings:
Length:
82 minutes
Released:
Feb 7, 2021
Format:
Podcast episode

Description

When most people think of professional athletes, they usually think of superstars being paid millions every month (or even every week). Most people don’t come to realize that for everyone on an NFL team, that pay grade isn’t as high. That too, is what Hakeem Valles found out after being signed on by the Cardinals.Hakeem wasn’t making a lot, and realized that he was essentially throwing away $2,000 a month on rent. After one season with the team, he decided to go on BiggerPockets and ask around for agents and leads in the area. Hakeem ended up with a LOT of responses and found a great agent who helped him close on a fourplex, which he house hacked while practicing with the team.It’s hard enough to house hack when your tenants know you’re the owner, but it can be even harder when your tenants know you’re an NFL player. Hakeem’s advice: be a tenant of your own property and don’t let the other tenants know that you own the place. Doing this can help reduce some awkward encounters you may have.After retiring, Hakeem went on to do bigger real estate deals and partnered up on a 40 acre farm! He also owns Perspective Global Media, where he counsels other real estate professionals on how to grow their reach through social media platforms like TikTok and LinkedIn. Hakeem drops some gems towards the end of this episode on how you too can use TikTok to gain followers, clients, and partners!In This Episode We Cover:Why even professional athletes need to have multiple streams of incomeHow a shocking event in Hakeem’s life changed his outlook foreverFighting income creep and keeping expenses lowWhen renting does and doesn’t make sense for your financial situationThe biggest mistake Hakeem made when living in his fourplexHow to fight the fear of getting into real estate (and making mistakes)Using social media to leverage your personal brand and grow followers and clientsAnd So Much More!Links from the ShowBiggerPockets PodcastBiggerPockets book storeBooks Mentioned in this Show:Rental Property Investing by Brandon TurnerThe Go-Giver by Bob burgThe 1 Thing by Gary KellerClick here to check the full show notes: https://www.biggerpockets.com/show441See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Feb 7, 2021
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.