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When most people think of professional athletes, they usually think of superstars being paid millions every month (or even every week). Most people donât come to realize that for everyone on an NFL team, that pay grade isnât as high. That too, is what Hakeem Valles found out after being signed on by the Cardinals.
Hakeem wasnât 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
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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.
Itâs hard enough to house hack when your tenants know youâre the owner, but it can be even harder when your tenants know youâre an NFL player. Hakeemâs advice: be a tenant of your own property and donât 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 Hakeemâs life changed his outlook foreverFighting income creep and keeping expenses lowWhen renting does and doesnât 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/show441
2 months ago
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