686: Seven-Figure Flips and Opportunity Zone Investing w/Former NBA Player Evan Turner
BiggerPockets Real Estate Podcast
Getting Exposure to More Stuff
"I've always been encouraged to go outside of my element and go learn more," he says. "Sometimes I get too cocky on the basketball court ... The basketball gods are going to teach you my lesson." He adds: "A lack of humility turns into, you know, a lot of ignorance because that's where innovation comes from"
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
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
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:
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-686
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