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cover of episode Turn Fast Money into Lasting Wealth with Real Estate! - Jaren Sustar, Devon Kennard

Turn Fast Money into Lasting Wealth with Real Estate! - Jaren Sustar, Devon Kennard

2024/11/7
logo of podcast Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
AI Deep Dive AI Chapters Transcript
People
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Devon Kennard
从NFL职业球员到成功的房地产投资者，Devon Kennard分享了他的投资策略和财务规划经验。
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Jaren Sustar
主持《Rich Dad Real Estate Show》的房地产投资专家和播客主持人。
Topics
Jaren Sustar: 采访了前NFL球员Devon Kennard，探讨他如何从职业运动员转型为成功的房地产投资者，并分享了Kennard的投资策略和理念。Devon Kennard: 分享了他从Turnkey房产到增值型投资和私人借贷的房地产投资历程，强调了运动员财务规划的重要性，以及理解“快钱”和“慢钱”概念的重要性，并提供了成为一名优秀的私人贷款人的关键要素。

Deep Dive

Chapters
Devon Kennard discusses his journey from a nine-year NFL career to becoming a successful real estate investor, emphasizing the importance of mentorship and early financial planning.
  • Kennard started investing in real estate during his college years.
  • He was exposed to financial advisors but quickly realized the limitations of their advice.
  • Kennard's mentor inspired him to focus on real estate as a long-term wealth-building strategy.

Shownotes Transcript

Join Jaren Sustar as he interviews nine-year NFL veteran Devon Kennard, who discusses his journey from professional football to successful real estate investing. Kennard shares insights on purchasing property using other people's money, understanding fast vs. slow money, and the importance of networking. He describes his transition from turnkey properties to value-add investments and private lending through his company, 42 Solutions. Learn strategies for success in real estate, handling adversity, and managing finances as an athlete.00:00 Introduction01:59 Devon's Football Journey and Real Estate Beginnings04:42 The Importance of Financial Planning for Athletes16:02 Devon's Real Estate Investment Strategies20:41 The Value of Simplicity in Investment21:04 Warren Buffett's Investment Strategy21:25 Value Add Real Estate Investing22:38 Commercial Real Estate and Triple Net Lease24:00 The Role of Capital in Real Estate24:30 Transitioning to Private Funding26:23 Starting with Gap Funding29:23 Keys to Being a Good Private Lender32:23 Final Thoughts and Resources