The American Dream fails people. There are other ways to make the dream happen though. Devon Kennard talks about the grueling NFL schedule and fitting in writing a book as he creates his own America Dream. Did you know they do 50-60 hours per week, plus playing on Sundays? We talked about how much NFL players really make after taxes and for how long they usually make it. The average career is 3.5 years, and injuries are always possible. On the bright side, more NFL players are talking about investing now than there used to be! When cash flow is the problem, the stock market isn’t the solution. Devon and Lauren then transition into talking about how he got into real estate. His first deal was a partnership deal where they each only brought $12k to it, and this was during his rookie year! The first deal is a great learning experience. He learned right away to invest in a different area because he couldn’t scale there. He’s expanded into Cleveland, Kansas City, Tennessee, and Florida. Devon is focused on small multi-families right now. He uses both cash and leverage, depending on the deal. Lauren then asks about syndications, which Devon invests in as well. What’s important there? Vet your partners! The two even covered creative financing. Finally, they discussed his future plans for both the NFL and real estate. You’ll walk away from this episode with great takeaways, even if you’re not a professional athlete.
About Devon:
Devon Kennard is a 9 year NFL veteran, real estate investor and author of the new book It All Adds Up — Designing Your game plan for financial success. He has purchased 28 properties in his personal portfolio as well as invested in over 30 real estate syndications across the country.
Connect with Devon:
https://twitter.com/DevonKennard
https://www.youtube.com/@devonkennardchannel
https://www.instagram.com/devonkennard/
https://www.facebook.com/DevonKennard/
https://www.linkedin.com/in/devon-kennard-b1080547/
Sponsored by Fintor: download the app here https://fintor.app/start and use code @adultingiseasy to get a free share
Subscribe to the Adulting Is Easy YouTube channel: https://www.youtube.com/@adultingiseasy
If you liked this episode, you will also like Episode 139 Pro Soccer Players Opens First STR and Episode 83 Buying 7 Rental Properties in 2 Years.
Donate to the show: https://cash.app/$AdultingIsEasy
Connect with Lauren:
