\n<\/p>\n
Brett Hundley <\/strong>doesn\u2019t want an employer or a nine-to-five job. Ever<\/em>. At just 32 years old<\/strong>, he has already retired from one career and is now chasing the freedom and flexibility that <\/strong>real estate investing<\/strong><\/a> can provide<\/strong>.<\/p>\n During his eight years as an NFL quarterback, Brett spent evenings after practice learning the ins and outs of real estate<\/strong> from teammates who had already discovered its wealth-building potential. Early on, he tried a little of everything\u2014short-term rentals<\/strong><\/a>, <\/strong>new construction<\/strong><\/a>, and other <\/strong>investing strategies<\/strong><\/a>\u2014before zeroing in on house flipping<\/strong><\/a>, which has since become his bread and butter.<\/p>\n Brett says the skills he developed running an NFL offense directly translate to the real estate investing world, where he now manages contractors, deadlines, and budgets instead of playbooks<\/strong>. His goal for 2026? Complete 24 real estate projects<\/strong>. But he\u2019s not staying busy just to pass the time post-football. Like most investors, he\u2019s after true<\/em> financial freedom\u2014not just the income but the flexibility to spend more time with family, travel the world, and retire on his<\/em> terms<\/strong>.<\/p>\n Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: Brett: Dave: \u00a0<\/p>\n \u00a0<\/p>\n<\/div>\n Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here<\/a>. Thanks! We really appreciate it!<\/p>\n Interested in learning more about today\u2019s sponsors or becoming a BiggerPockets partner yourself? Email <\/em>[email\u00a0protected]<\/span><\/em><\/a>.<\/em><\/p>\n
Don\u2019t want a boss or a day job deciding your future? What if you could ditch the nine to five for good and replace it with a business that gives you serious income and total control over your time? Today, you\u2019ll hear from someone who\u2019s actually doing it. At just 32 years old, Brett Hundley has already retired from one career and built a thriving real estate business designed around one goal. Freedom. Not just money, but the ability to live life on his terms. Take that dream vacation and say yes to opportunities that most people can\u2019t. Brett\u2019s secret weapon is using the leadership skills he honed during his eight-year NFL career to build and manage teams, to run renovation projects day-to-day and hit lofty goals like completing 24 deals per year. If you\u2019re ready to build a real estate business that doesn\u2019t just cover the bills, but actually funds the lifestyle you want, Brett will show you how to find your lane, scale from zero and take control of your future.
Hey everyone. I\u2019m Dave Meyer, Chief Investment Officer at BiggerPockets. We got a great show for you today. It\u2019s an investor story with Brett Hunley. He\u2019s a former NFL quarterback turned Arizona real estate investor who\u2019s doing the exact type of deals that everyone in our community could also be doing. So let\u2019s jump in with Brett and hear what he\u2019s up to. Brett, welcome to the BiggerPockets Podcast. Thanks for joining us.
Man, thank you for having me. This is a fun one. Yeah,<\/p>\n
This is going to be a lot of fun. So tell us a little bit about yourself. What\u2019s your professional background? How\u2019d you get into real estate?<\/p>\n
Man, I like to say I fell into real estate, but background, I played football, went from Chandler, Arizona, and then went to UCLA, played in the league for eight years as a quarterback. And then during my time actually while playing football, I had sort of got into real estate when I was in Green Bay.That\u2019s where I bought my first house. And that is essentially what got me into it. And then it wasn\u2019t until I got to Arizona who I started sitting down with teammates of mine, Larry Fitzgerald, Devin Kennard is another big one and I grew up with Devin. And then Prince Mukamero, who is another Arizona native, I used to sit down with them every day after practice. Prince was doing short-term rentals. Devin was doing long-term rentals and Larry was doing a whole bunch of stuff.<\/p>\n
Oh, wow.<\/p>\n
Yeah. And picking their brain, and then that\u2019s how I started buying my first short-term rental, then the first new build. So<\/p>\n
You had a little real estate club? No,<\/p>\n
100%. That\u2019s pretty cool. Yeah, 100%.That\u2019s how I fell into real estate.<\/p>\n
I have a Prince of Mukamara Jersey.<\/p>\n
Do you really?<\/p>\n
Yes. I\u2019m a Giants fan. He was our first round draft pick.<\/p>\n
Yes, no way. I<\/p>\n
Went to the opening game and bought it, still got it.<\/p>\n
So Prince too, so he\u2019s from Arizona. Oh, I didn\u2019t<\/p>\n
Realize that. Okay.<\/p>\n
So from Arizona, so it was me, him, and Devin Kenard on the same team playing for the Cardinals. And Prince was doing short-term rentals. And one day, I was like, \u201cDude, I\u2019m just sort of saving my money. What are you doing?\u201d Because I was like, \u201cOkay, maybe buying some rentals and stuff.\u201d And he was like, \u201cDude, check out the short-term rental.\u201d And he showed me all his numbers and it was crushing it. I was like, all right. So I bought my first property five minutes away from his. Really? Yeah. Okay. That\u2019s awesome. And then it started crushing it. And then Devin Kennard as well was doing a lot of long-term holds, so I was running a lot from him. So man, just picking those guys\u2019 brains sort of got me into it and then I sort of just took off running.<\/p>\n
Devon\u2019s been on the show before. He\u2019s written a book for BiggerPockets. What do you think it is? There seems to just be this overlap between professional sports and real estate. Why do you think that is?<\/p>\n
Let me dispel this thing right now because people look at us and they\u2019re like, \u201cMan, you guys have the access, can dump all this money into real estate.\u201d And honestly, when you really look at the statistics of making it to the league, one, I mean, you\u2019re talking 0.0002% of all athletes who try, but then once you make it, most NFL rosters are made up primarily of undrafted guys. And then when you hear all these 100 million, $200 million price points, it might be one or two guys on the roster and the rest are usually at league minimum. And then if you do get a contract, most average are 2.3 years, 2.8 years. Wow. That is a career. That\u2019s your average career. Most guys. And so that doesn\u2019t even get you to your pension, which is 3.3. Luckily, I was blessed to play eight years, so I had a great career, but most of us, if they make it, are going to play for 2.8 years and then have to figure out what\u2019s next.<\/p>\n
So is that kind of the mentality when you talk about meeting with Prince and Larry and Devon, is that what you guys are thinking about and why you\u2019re starting to plan real estate?<\/p>\n
Like I said, I found a passion for it when I did the thing, did the property in Green Bay and then I actually started outside of that in new builds. So it was right in the Arcadia area and I had a friend of mine out here who had built the house I had bought and was living in out here. I\u2019d found a house and I said, \u201cHey, dude, would you be cool to partner up? I found a good house I would love to tackle.\u201d And so we toured to the studs and built up new and sold it. And that was when COVID happened too. So I mean, the city shut down everything. Ended up making money, but it was a two-year, three-year process. But I think a lot of the times when we get into the real estate space, I think for us, it\u2019s just the process.
If you do it right, it is a process. If you\u2019re flipping, and that\u2019s sort of what we\u2019re used to. So I think that\u2019s some of the things we look for in other investments.<\/p>\n
Yeah, it\u2019s just kind of a math problem.<\/p>\n
Yeah.<\/p>\n
I mean, there\u2019s process and you have to do the execution,<\/p>\n
But<\/p>\n
You can build a system to make it somewhat repeatable,<\/p>\n
At least.<\/p>\n
Absolutely.<\/p>\n
And it\u2019s almost like systems, especially for me being a quarterback, my whole thought was I\u2019m used to leading a team of receivers, knowing the offense, knowing the whole play calls. I view real estate the same. It\u2019s putting a team together and then knowing what the triggers of each person is, and then also making sure we get to the end goal, which is creating this product and building this thing. And it\u2019s a system. So once you do it once, I think a lot of us say, \u201cOh, okay, it was some challenges, but it\u2019s not the end of the world. Now let me repeat this, refine it, make it more efficient and keep it going. \u201d<\/p>\n
Awesome. Well, I want to talk to you a little bit more about the leadership part because I think that\u2019s super important for our audience here today. And let\u2019s talk more about your portfolio, but we got to take a quick break. We\u2019ll be right back. As a host, the last thing I want to do or have time for is play accountant and banker, but that\u2019s what I was doing every weekend, flipping between a bunch of apps, bank statements and receipts, trying to sort it all out by property and figuring out if I was actually making any money. Then I found Baselane and it takes all of that off my plate. It\u2019s BiggerPocket\u2019s official banking platform that automatically sorts my transactions, matches receipts, and shows me cashflow for every property. My tax prep is done and my weekends are mine again. Plus, I\u2019m saving a ton of money on banking fees and apps that I don\u2019t need anymore.
Get $100 bonus when you sign up today at baselane.com\/bp. BiggerPockets Pro members also get a free upgrade to Baselane Smart that\u2019s packed with advanced automations and features to save you even more time. Welcome back to the BiggerPockets Podcast. I\u2019m here with Brett Hundley talking about his transition from being an NFL quarterback to real estate investing. So it sounds like you got a little bit of influence.You said Prince, Mukamara\u2019s doing short-term rentals, you did a little new build, you did a renovation. How\u2019d you think about your portfolio strategy when you really started to get into it?<\/p>\n
When I first started, did the property in Green Bay, but then I\u2019d sat down and was sitting with Devin Kenard, Prince and Mukamara, and Prince was doing short-term rentals out here. Devin was doing long-term holds in the Midwest. Larry, again, was sort of overarching, making big investments and projects and stuff. And I had started with short-term rentals as a rental portfolio. And this at the time, I do say I got lucky. This one interest rates were like two or 3%. So I could probably shoot it not missing. Yeah. I was like, I could shoot and not miss, honestly. And so I bought my first property right around the corner from Prince\u2019s short-term rental. And we would sit down every day after practice. He would sort of show me everything, he would show me the numbers and I just learned and I just tried to soak it in.
And same with DevaCondar, he showed me a lot. And then from there, I bought one properties, started a management company as well, just to keep it rolling. And then bought another property, which I ended up living in. And then I bought another property. Short-term rental or long-term? All short-term rentals at first. And then from there, once I bought three, then I started my new build. And so I was sort of just jumping into things. I was like, okay, I like the cashflow that\u2019s coming from this. And then from there, once we did the new build and finished that, then that\u2019s when I sort of analyzed doing a new build, the money I made, the ROI and how long it took. And then I dumped into probably a flip style property, but it was about a $1.5 million resale. I bought probably like 900, sold it for 1.4, 1.5.
So it was a bigger investment. It\u2019s a big swing. Yeah, a big swing. But then I started working my way down and seeing the price points of all these homes. So I did that. And then the next one, I jumped into buying at 350 selling for \u2026 I just started seeing what worked and what was the best return on time on capital. I love that. And so I got to find from the top to the bottom and the spread of each. And then I sort of found my niche and then just started rolling with that, honestly. And<\/p>\n
The niche is flipping.<\/p>\n
Yeah. To be honest, I love new bills, no discredit to anybody who does all the new builds. But for me, time-wise, as far as return in and out on projects in capital coming back, I found a true passion for flipping.<\/p>\n
That\u2019s really cool.<\/p>\n
Yeah.<\/p>\n
I love what you were saying too about just thinking about efficiency because I think a lot of people hear, oh, you could go out and flip a million dollar home, make a big profit, but you\u2019re also buying 350.<\/p>\n
Yes. So<\/p>\n
Why would you spend your time doing the lower price home?<\/p>\n
Yeah. A great friend who became a mentor of mine, but now is one of my best friends. Zachary keeps out here his slogan, Trash Cash, Zach. Love you, man. But he\u2019s probably one of the largest single family home owners in Arizona. He\u2019s been doing Flipping for 20 years, and I sought him out and actually just wanted to learn from him as well. And I was telling him what I was doing and the money I was making, he was like, \u201cDude, just try one of these.\u201d And I was like, all right, cool. Tried it. And I dang near made as much money as I did on the big projects. And I was like- And<\/p>\n
Less risk,<\/p>\n
Right? Yeah. And that\u2019s exactly what he was getting at. He was like, \u201cDude, your capital is being used. There\u2019s so much more risk. You do one of these.\u201d And I think actually one of the properties I did bought it, I made a hundred some thousand. It was just a quick flip, but I realized, man, I don\u2019t have to take these big swings and risk all this when I can still do in this range and still make some decent money in it.<\/p>\n
So did that become your buy box after that or are you still kind of open to anything that makes sense?<\/p>\n
Yeah, I\u2019m honestly open to anything that makes sense. I think for myself, what I\u2019ve tried to focus more of is just analyzing deals as sharply as I can, man, because especially in this Arizona market, there\u2019s a lot of people doing it. And it\u2019s not like I\u2019m jumping at everything. So a lot of this stuff, most of the stuff I just passed on. But if the deals anywhere it\u2019s coming from, small, big, if the opportunity is there and the risk is worth it as well, I\u2019m sort of open for it.<\/p>\n
Yeah, that\u2019s good advice. We have a mutual friend, James Daynard, some often hosts on BiggerPockets who does the same thing. He takes these huge swings. He\u2019s flipping a $6 million house. Is it cool? Yeah. He takes these massive swings,<\/p>\n
Right?<\/p>\n
Yeah. But he\u2019ll also buy stuff that\u2019s like 300,000 and it doesn\u2019t really make sense until you think about efficiency and return on time and return on capital and just being open to anything that meets your underwriting numbers and not being too strict on your buy box. Is that one of the ways you are competitive in Phoenix? Because Phoenix, I mean, it\u2019s as hot a flipping market as I would imagine in the country, right?<\/p>\n
Yeah, saturated for sure.<\/p>\n
So how do you stand out?<\/p>\n
I think the biggest thing is just having that wider range buy box. And a lot of guys, now that I\u2019m trying to get my name out there a little bit more and people know I\u2019m buying cash buyer and stuff like that, and I always throw that out their cash buyer if anybody\u2019s talking.<\/p>\n
Hit a ball.<\/p>\n
But I think it is having that wide range. Just like James, and I\u2019ve been around him and been able to pick his brain and study him and watch what he does, but I think it is just a lot of guys I\u2019ve noticed, and there\u2019s nothing wrong with it. They find their sort of sweet spot and they run with it. Me, I\u2019m like, dude, if the deal\u2019s worth it, even if we\u2019re talking a million, two million, six million in James case, as long as the returns are there to outweigh the risk, just like if I\u2019m buying a 300, $400,000 house and doing that, I\u2019m completely open to it. And honestly, I like the less riskier ones. Yeah.<\/p>\n
Right. I mean, if you can make as much money and it\u2019s<\/p>\n
Less<\/p>\n
Risk,<\/p>\n
Why<\/p>\n
Wouldn\u2019t you do that? That\u2019s<\/p>\n
A better<\/p>\n
Deal.<\/p>\n
100%.<\/p>\n
Buy the numbers, that is a better deal.<\/p>\n
One of the things too that I think sticks out, especially as athletes and just general society, everybody wants this big, shiny home run, swing the beautiful things. And I\u2019m like, dude, you have a nice three, $400,000 house. It might not be the big multimillion dollar mansion, but it still is a cash flowing entity. You can make money off of it and it\u2019s less risk.<\/p>\n
For sure. I mean, I would rather risk 50 and make a hundred than risk 200 and make 250.That\u2019s just the math at how it should work out. But I got to ask you, man, you said you liked flipping and you\u2019re passionate about it. I\u2019ve done two now because James forced me to do it. I am on the fence of if I like flipping. I got to be honest. What do you like about it?<\/p>\n
I have enjoyed the process of seeing something completely run down and in the matter of a couple months turning it into something beautiful, honestly. And I mean, it does come with the inherent risk of getting into the property and finding things that you might not be ready for. But at the same time, again, everything falls back to underwriting. If you underwrite it right, you sort of walk it, you know what you\u2019re looking at and you do the homework, I feel like you get a good understanding of some things to be able to now say I\u2019m taking a bad property in my own stopping grounds where I grew up at<\/p>\n
And<\/p>\n
Adding value, I think it\u2019s an awesome thing. I<\/p>\n
Think it\u2019s one of the most underrated part of real estate investing. It\u2019s like you do provide value to your community if you do it in the right way. There are some shady operators in real estate. Absolutely. Yes. I don\u2019t think you are. No, absolutely. I get good vibes.<\/p>\n
I want to make sure people get a good home. Yeah,<\/p>\n
Exactly. Right. And you are restoring something and providing that, especially at those lower price points. Some affordable housing is super cool. To me, in my very limited experience as a flipper, so much of it is about leading a team. So you talked a little bit about that recently, but how has your experience as an athlete, literally a team player and as a quarterback in particular, sort of translated into your flipping career?<\/p>\n
Yeah, that has been the one thing that I think is the biggest \u2026 I find the most joy in, honestly, I went from leading offense, going out to the field, getting hit, and trying to score some touchdowns to now doing the same, but trying to build a property. And in all transparency, nothing\u2019s perfect. You find people, you meet people, you meet contractors that you work with one time, and you probably \u2026 I\u2019ve had experience, I don\u2019t work with them again, and I\u2019ve went through multiple contractors, but I think finding the right people to fit what I\u2019m looking for. And my biggest thing too is the culture behind it. I also do want people to enjoy what they\u2019re doing. Everybody\u2019s out here to make money, get paid and stuff. But at the end of the day, you don\u2019t want people walking into a job sloppy, not caring about what they\u2019re doing.
You want people who actually enjoy what they\u2019re doing. And I think finding that team for me has been the greatest thing. Because now when I get a new project, I\u2019m excited to send out a text like, \u201cAll right boys, we got another one. Let rock.\u201d And stuff like that. I think it\u2019s been fun for me to just swing by the project, see how things are going, put up the pictures, making sure they know whatever \u2026 And that\u2019s the small joys that I get and then to see it come together. And it\u2019s not something I got to be there every single day, but when you find the right guys, it makes the world\u2019s difference.<\/p>\n
I think this is such valuable advice or insights for our audience because I haven\u2019t done a lot of flips. I\u2019ve done a lot of burrs and renovations and that kind of stuff. And you don\u2019t think about culture because they don\u2019t always work with each other. They work different businesses, but there is a culture of the job site almost where it\u2019s like if you\u2019re the flooring guy and you show up and the electrician\u2019s sloppy or grumpy or not doing a good job and you as the operator let that slide, they might not put in their best effort. 100%. So it\u2019s sort of on you to create the standard and the work environment and people want to be there and they want to contribute a lot of success, whether you\u2019re renovating a bathroom or doing a whole flip, that little difference in the culture you create will cascade probably throughout the whole project.<\/p>\n
Yes. And I always envisioned it like Seattle, Pete Carroll is a great example. He had one of the best culture programs. And that\u2019s also what I get to learn from and take what I\u2019m trying to put together and building. But Pete Carroll, John Harbaugh, these guys at practice, it was fun. You enjoyed what you\u2019re doing while you\u2019re doing it. And there\u2019s been some times in programs when you\u2019re losing and stuff, you come in and it might be dreary or whatever, but at the end of the day, as long as the culture, you got music blasting in practice. I like walking into a job site and I hear the music. I\u2019m running around, demo team is in there. I\u2019m like, all right, listen, I enjoy it. But you should come in and we\u2019re all in this to make money and enjoy what we\u2019re doing, but there has to be a standard of set.
And it\u2019s a performance standard. So it\u2019s something where everybody knows, hey, the music\u2019s going, we\u2019re all in here working, but we\u2019re all trying to get done what we need to in time.<\/p>\n
Totally. Yeah. And if you don\u2019t have that and everyone\u2019s grumpy, it makes it harder to give feedback too. I think it\u2019s like if you- That\u2019s a great point. You\u2019re ultimately accountable for the job, right? Everyone\u2019s pissed. They\u2019re not going to be receptive. If they\u2019re having fun, if they feel respected, if they feel like you\u2019ve got their back and have their best interest at heart, when you put in a change order, they might not look at you like they want to kill you. It\u2019ll actually be a little bit<\/p>\n
Better. It\u2019s so true though, man. I think the craziest and the beautiful thing about it is like, I want everybody to feel like it\u2019s a team.That\u2019s literally what it is. So if designer does put in a change order, I unfortunately have to deliver the message. But I don\u2019t want people looking at me like \u2026 I want to bring the energy. I want people to have fun while they\u2019re<\/p>\n
Doing it. Yeah, I love that. That\u2019s great advice. What role do you like playing on the team?<\/p>\n
I like being the manager. And what\u2019s cool about what I\u2019ve built is it\u2019s almost like a family affair. So my mom by trade is an interior designer.<\/p>\n
Oh, cool.<\/p>\n
And my wife is an agent. So it worked- Did you plan<\/p>\n
That?<\/p>\n
I didn\u2019t.<\/p>\n
That<\/p>\n
Just happened that way? It did, man. When I first started buying my properties, my mom, she\u2019s a flight attendant as well and does interior designing, went to school for it and I was like, \u201cHey, can you just start doing my short-term rentals?\u201d She did kill those. Perfect. And then when I got into the building and the flipping, she didn\u2019t started doing those and it sort of became this cool family team.<\/p>\n
That\u2019s awesome.<\/p>\n
And yeah, didn\u2019t plan it. But then in my position, I\u2019m like, okay, well, I\u2019m not the guy who\u2019s going to be at the job site every day on people\u2019s butt. I let people breathe and enjoy and do what they need to. But at the same time, it\u2019s like, \u201cHey, we need to get this done by then.\u201d And I want to make sure if I can get them as efficient as possible, I give them the schedule, I put up the photos. I say, \u201cHey, I got cabinets being delivered on Monday. When do you need this? \u201d I\u2019m the middleman between all the contents. So you\u2019re<\/p>\n
Doing project management,<\/p>\n
A lot<\/p>\n
Of that<\/p>\n
Stuff?That\u2019s why I found my sort of niche and what I like doing. Okay, hey, we got flooring coming, cabinets delivered. When do you need this? I\u2019ll make it happen.<\/p>\n
Yeah. Well, it\u2019s not all rainbows and butterflies. So what part do you dislike the most about the process?<\/p>\n
The thing I dislike most is when you get a call about some unexpected, something unexpected- Sitting down to dinner. Just recently, man, I was laughing with our contractor. Well, for the demo team, we told them when they\u2019re demoing cap the sort of plumbing fixtures. Sure enough, man, one of them had to miss it because I walked in and there was water everywhere. Oh God. And stuff like that, but you take it with what you get. But I would say probably the unexpected calls and then having to figure out the budgets and stuff, that\u2019s least favorite.<\/p>\n
It\u2019s a grind.<\/p>\n
Yeah. It is.<\/p>\n
But that\u2019s every real estate business. You have to take the good with the bad, but it sounds like you\u2019ve found a way to minimize the stuff you don\u2019t like and to maximize the stuff you\u2019re enjoying.<\/p>\n
Yeah, absolutely.<\/p>\n
Sounds like you have a great business going. What are your goals going forward?<\/p>\n
My big, hairy, audacious goals. So I want to do 24 flips this year.<\/p>\n
Whoa, okay.<\/p>\n
This big hairy one. And so when I say 24, I would say 24 projects. So when I say that too, that does include me wholesaling deals now. So I got into that on the side and honestly, it was just a way for me to cut out the middleman and start finding my own deals and hopefully find some better spreads.<\/p>\n
Cash buyer.<\/p>\n
There we go, cash buyer. Yeah. But I would love to do 24 this year and I\u2019m on track.<\/p>\n
That\u2019s<\/p>\n
Awesome. So I\u2019m rolling right now. That\u2019s intense. It is. But it\u2019s almost like I want the challenge. I forgot what coach said this, but it\u2019s like you change the mindset of like, I get to do this stuff rather than \u2026 And that to me is what drives me.<\/p>\n
Yeah, that\u2019s a good way to frame<\/p>\n
It. And so if I can- You get to do 24<\/p>\n
Profitable projects.<\/p>\n
Yeah, that\u2019s<\/p>\n
Amazing.<\/p>\n
And so if that is my goal, and hopefully I can keep this up through the rest of the year and find more deals that better fit, but if I can just maintain that at the end of the year, I\u2019ll look back and I\u2019ll say, \u201cI did that. \u201d And then I\u2019m sure from there we\u2019re going to increase the goals, but that\u2019s where I want to shoot<\/p>\n
For. Did you come up with 24 because you feel like that\u2019s your max capacity?<\/p>\n
No, I wanted to just try to shoot for something. I wanted to think bigger than maybe doing two or three a year where I was probably at, especially while I was traveling in year stuff. And now that I\u2019m here, I was like, \u201cOkay, what is going to keep me every day waking up saying, I got to do this, I got to do that and push me to be uncomfortable.\u201d I think that\u2019s the biggest thing. That would make<\/p>\n
Me very<\/p>\n
Uncomfortable. 100%. Oh, there\u2019s been moments where I\u2019m like, \u201cMan, we got another while we\u2019re doing this. \u201d Why did I do this? Yes, but it\u2019s been fun too, man. The big goal that I really want to do is I want to be doing these projects, whether it be 24 or whatever, a year, but I also do want to do one big build, like a upper luxury brand and build type thing or a bigger, like a James $6 million or $4 million. And the reason being, I would love to do one of those and live in the house for two years.<\/p>\n
Oh, do a live-in flip.<\/p>\n
Yes. Oh, dude, that\u2019s<\/p>\n
The way to<\/p>\n
Go. And then sell it taken. I\u2019m married so I get to the capital gains. So I want to do one big project a year and do that and then just have these rolling.<\/p>\n
Yeah, that would be very fun. And get to live in tons of cool houses as well. But I\u2019m curious how you evaluate these goals. Super ambitious and very impressive, by the way. What are your lifestyle goals? What do you want your day-to-day to look like? Because it\u2019s tempting as a real estate investor to keep taking on more and more projects. Some people want the more passive side of things. How do you find that balance?<\/p>\n
So my biggest thing was freedom and being able to go and me and my wife are huge travelers, huge travelers. So we ain\u2019t got no kids. We got one dog at 13 years old. So boy, old man at this point. So for us, freedom is a big thing. We\u2019re heading out to Bali for three or four weeks. Amazing. We want to be able to do that and we don\u2019t want to stop. So I think having that flexibility of saying like, \u201cHey, I don\u2019t want to get into something where it\u2019s a nine to five.\u201d I think that\u2019s the one thing I\u2019ve always wanted to stay away from. I\u2019ve always wanted something that also I wake up enjoying, I wake up excited and I\u2019ve loved real estate for that reason. But then I think the biggest thing is really just finding passive income. So the end goal for me is really once I get these, these are all operating businesses, operating cash.
I want to then start deploying into passive multifamilies or whatever it is that I can now hold and then start offsetting the mix. So that\u2019s our future goals.<\/p>\n
Yeah. But you\u2019re trying to build up the equity<\/p>\n
And then<\/p>\n
By either own a multifamily or do passive or \u2026<\/p>\n
So if I can own and start acquiring multifamilies, and my thought is using this strange strategy. If I have the crews who are building stuff like this and the flips, I can then say, okay, I want to buy a rundown eight unit that might not be managed as well or 16 or 32, do this and do the same thing at a bigger scale.That\u2019s where I want to- The game right now. It\u2019s a good<\/p>\n
Place to be right now. Yeah, it makes sense.<\/p>\n
You<\/p>\n
Have the skills to do it for<\/p>\n
Sure. And that\u2019s what, so me and my wife, our thought is once we can analyze and find a 32 unit, we\u2019re jumping.<\/p>\n
So you\u2019re telling me you get to do 24 flips a year and go to Bali for four weeks at a time. Absolutely. You\u2019ve killed it. Absolutely.That\u2019s the dream, right? I mean, I know depending on your family situation, but it\u2019s not like you\u2019re getting to do something you\u2019re passionate about with work and it\u2019s supporting passions that you have outside of the work. I mean, that\u2019s what we talk about on the show all the time. Trying to achieve that is really what everyone\u2019s after.<\/p>\n
Yeah. It\u2019s been fun and I embrace the challenge of all this stuff. And what\u2019s crazy too is it\u2019s not like \u2026 I\u2019m seeing guys who\u2019ve been doing this for 20 years, 15 years, and I feel like I\u2019m just getting started. And that\u2019s where I\u2019m the most excited. I\u2019m still learning. Man, learning from you, all these guys, Devin Kenard, I feel like I\u2019m still getting going in this race. So it\u2019s more fuel to the fire for me that I get to continue learning from guys like yourself and \u2026<\/p>\n
I think it\u2019s the best way to succeed. A lot of people get into this, myself included for financial freedom, but it almost is tempting if you get into it with that mindset to have one foot out the door. You\u2019re like, how quickly can I stop doing this? Yeah. And I really feel like it\u2019s almost this weird reverse psychology thing. If you commit yourself to being in it for longer, you almost achieve the financial freedom part faster. If you commit, I enjoy doing this, I\u2019m going to stay with it and just see where this goes. You\u2019ll probably get to quit sooner. Yes. Most people don\u2019t wind up doing it, but you\u2019ll get that faster than just thinking how fast can I get in and out of this, get rich quick kind of thing.<\/p>\n
And very true. And honestly too, even when we were talking off set a little bit, I am curious, because again, I always love learning, but have you built enough to where you\u2019re like, that is a true passive type of thing?<\/p>\n
Well, what I\u2019ve done is I\u2019ve actually sold a lot of my, not all of them. I still own a bunch of active real estate, but we were talking before the show. I moved to Europe. I sold a decent amount and I\u2019ve put a lot of it into passive real estate. So I do a lot of multifamily syndications.<\/p>\n
Got you. I<\/p>\n
Actually think that industry has gotten a bad rap, but it\u2019s starting to get good again and do some private lending as well. So between those things, I probably could retire, but I haven\u2019t because I like working and I like dabbling. I\u2019m still selling and buying stuff. I like doing it, but I am trying to \u2026 I\u2019ve told our audience, my goal for the next two, three years is to get to what I would call my end game portfolio, which is kind of what you\u2019re talking about getting to eventually is like, how do I buy a couple small mid-size multifamilies, solid, recently built, great neighborhoods, load LTV, 50% down on something like this, and that\u2019s my life. And I\u2019ll still do stuff, but I know that I can fall back on that forever. So I\u2019m trying to just reposition my assets into that. It\u2019s<\/p>\n
Kind of where<\/p>\n
I\u2019m at. See,<\/p>\n
That\u2019s cool, man. And I think that\u2019s the cool thing about real estate, especially coming from a football background, we know we can\u2019t play football for the rest of my life, but real estate, sort of like golf. You can play for the rest of your life and just have fun doing it, man. That\u2019s what\u2019s cool. And then it only gets better over time.That\u2019s what\u2019s been cool.That<\/p>\n
Is really the nice thing.<\/p>\n
Yeah.<\/p>\n
Well, Brad, it\u2019s been so much fun. Thank you so much for joining us here on the BiggerPockets Podcast. We appreciate it.<\/p>\n
Thank you so much for having me, man. I appreciate this.<\/p>\n
And thank you all so much for listening to this episode of the BiggerPockets Podcast. I\u2019m Dave Meyer. We\u2019ll see you guys next time.<\/p>\n