In this episode, we sit down with Chris Wormley, an accomplished NFL player and savvy real estate investor. Chris shares his journey from playing for the Michigan Wolverines to becoming a seasoned NFL veteran, all while building a robust real estate portfolio. He opens up about his early interest in property management, sparked during college, and how he strategically invested his NFL earnings.
The conversation highlights the challenges and rewards of managing 13 apartment units, emphasizing the importance of hands-on involvement and market understanding. Chris and the host explore the benefits of real estate over other investments, discussing high returns and tax advantages.
The episode concludes with insights into the mindset needed for success in both sports and business, underscoring the power of self-belief and ambitious goal-setting. This episode is full of valuable lessons and inspiring stories of determination and success.
Chapters:
0:00 Intro
3:13 Academic Challenges and Career Shift
6:19 Transition and Team Changes
9:23 Real Estate Internship Experience
11:22 Spring Break Plans Disrupted
14:37 Draft and First Contract
18:07 Real Estate Investment Motivation
20:26 Future Property Management Plans
22:32 Valuing Time Over Material Possessions
25:10 Financial Education for Children
28:13 Market Differences: Ann Arbor vs. Toledo
31:34 Trusting Others in Property Investment
35:20 Multifamily Student Housing Investment
40:33 Investment Strategy and Equity Growth
44:03 Real Estate vs. Other Investments
46:25 Real Estate Operations and Profitability
51:24 Determination and Real Estate Ambitions
56:01 Delusional Belief and Success
58:58 Real Estate Regrets
1:01:28 Discussion on Cinnamon Rolls
