Investing in Opportunity Zones | 3min snip from BiggerPockets Real Estate Podcast

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

BiggerPockets Real Estate Podcast

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CHAPTER

Investing in Opportunity Zones

Evan Wolfson: I think opportunity zones do create that win-win for a lot of people. We actually did a whole episode with Malachi Sims, episode 599 for everyone at homeless thing. But have you done much investing in opportunity zones yet? Or is that a big goal for you moving into 2023? "I just invested, actually from a shoe company that I signed with David coming out"

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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!

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