{"id":3755,"date":"2022-09-16T02:56:24","date_gmt":"2022-09-16T02:56:24","guid":{"rendered":"https:\/\/imsfund.com\/?p=3755"},"modified":"2022-09-16T02:56:24","modified_gmt":"2022-09-16T02:56:24","slug":"what-tom-brady-can-teach-us-about-real-estate-investing","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2022\/09\/16\/what-tom-brady-can-teach-us-about-real-estate-investing\/","title":{"rendered":"What Tom Brady Can Teach Us About Real Estate Investing"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div :class=\"{ 'hidden': $store.proContent.showFullPrompt() }\">\n<section class=\"px-4 relative border border-slate-200 mobile-toc lg:hidden\" x-data=\"{open:false}\"><button class=\"flex items-center gap-4 my-2 border-none w-full\"><br \/>\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-6 w-6\" fill=\"none\" viewbox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M4 8h16M4 16h16\"\/><\/svg><\/p>\n<h2 class=\"font-semibold text-slate-800 text-base m-0 js-toc-ignore\">In this article<\/h2>\n<p><\/button><\/p>\n<\/section>\n<p><span data-preserver-spaces=\"true\">Do you believe in miracles?\u00a0I have for years. But I didn\u2019t see this one coming. I don\u2019t think anyone did.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Love him or hate him. It\u2019s hard not to respect the greatest quarterback of our time. Perhaps all time.\u00a0Drafted in the sixth round at 24 years of age, Tom Brady led a great team, the New England Patriots, to nine Super Bowls over nearly two decades. The Patriots took home the Lombardi Trophy in six of them.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Though Brady was remarkable, he was only one player out of 22 on the team. Owner Robert Kraft and coach Bill Belichick put together a historic powerhouse with stars in almost every position.\u00a0When the nearly-too-old Brady was traded to the less-than-mediocre Tampa Bay Buccaneers, no one imagined he could take them to the Super Bowl in the first year. Let alone win.<\/span><\/p>\n<p>The Buccanneers beat the Kansas City Chiefs, 31-9, in Super Bowl LV. Their first playoff appearance since 2007.<\/p>\n<p><em><span data-preserver-spaces=\"true\">Brady is proof that one dynamic leader at the helm can change everything.\u00a0<\/span><\/em><\/p>\n<p><span data-preserver-spaces=\"true\">So what?\u00a0What does this have to do with real estate investing, and why did BiggerPockets publish this article?\u00a0Brady\u2019s story reminds me of the importance of picking the right players when designing your real estate investment strategy.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Miracles for Active Real Estate Investors<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">If you\u2019re an operator doing your own deals, I\u2019m referring to your REALTOR\u00ae, your contractors, your banker, your business partners, investors, and more. You may be one key hire or partner away from success or disaster. So, choose wisely.\u00a0<\/span><\/p>\n<p><em>If you\u2019re looking for an all-star investor-friendly real estate agent to fill out your team, check out <a href=\"https:\/\/www.biggerpockets.com\/agent\/match\" target=\"_blank\" rel=\"noreferrer noopener\">Agent Finder<\/a>!<\/em><\/p>\n<p><span data-preserver-spaces=\"true\">As I said, I have believed in miracles since I saw my first one with my own eyes in my senior year of college. (Feel free to ask me about that one!) But I experienced a miracle of sorts when I met Ben, my business partner at my real estate investment firm.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Ben Kahle was only a junior at Liberty University when he reached out to me for advice nearly a decade ago. He came to my home, and I spent hours with him. We stayed in touch, and a year later, we met for hours again, and I convinced him to join us as an intern in his last semester of college.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Fast forward to 2022. Hiring Ben was the smartest move I have ever made in three decades in any business. After learning the ropes for a few years, Ben transformed our company. Since making him a partner in 2018, Ben implemented systems that grew us from a struggling little team chasing one-off deals to the manager of six diversified commercial real estate funds with almost $100 million in investor equity under management.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Hiring or partnering with the right person could be your miracle story. Your Tom Brady. Don\u2019t underestimate the power of partnering with or hiring the right person to help you get to the next level! I can\u2019t think of anything more important than getting this right.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Miracles for Passive Real Estate Investors<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">I recently published an\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/landlording-isnt-for-everyone-become-a-passive-real-estate-investor\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">article<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0on why I believe most people, especially those with full-time careers or retirements, will enjoy the best lifestyle and generate the most wealth by passively investing in real estate.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If you decide to invest passively, you must choose the right team to invest in. We talk about due diligence all the time, and\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/expert-or-amateur-real-estate-syndicator\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">I\u2019ve written on it at length<\/span><\/a><span data-preserver-spaces=\"true\">. Thankfully, BiggerPockets published\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/brianburke\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Brian Burke\u2019s<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0wonderful volume to assist passive investors in their diligence process:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/store.biggerpockets.com\/products\/the-hands-off-investor\" target=\"_blank\" rel=\"noopener\"><em><span data-preserver-spaces=\"true\">The Hands-Off Investor<\/span><\/em><\/a><span data-preserver-spaces=\"true\">. I highly recommend you digest and utilize this information before making a passive real estate investment.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Please do yourself and your heirs a favor and take the time and effort to carefully analyze the syndicator\/fund manager\u2019s team, track record, technology, and more before making any investment.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If you\u2019re investing passively, finding the right syndicator or fund manager operator may be like your own Tom Brady story. You may be one syndication or fund investment away from passive income and growth to start your passive real estate journey.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">A Recent Example of a Miracle<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">I\u2019ve widely discussed my belief that it\u2019s possible to get great deals in any economy if you know how to add value. Our firm is on a constant search to find recession-resistant asset classes and operators who provide us with this opportunity. Our most recent investment is in a new and up-and-coming asset class for us: RV Parks.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">There\u2019s a lot to say about RV parks, and I will talk about them in future articles. But for now, I\u2019d like to tell you about our RV park operating partner.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In fact, our new RV park operating partner reminds me of Tom Brady\u2019s Tampa Bay story. His company has a long track record of transforming mediocre commercial real estate assets into something special. And quite profitable.\u00a0 \u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">We\u2019ve wanted to invest in RV Parks for years. Even before:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Covid helped launch RV sales and park demand to record levels.\u00a0\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Outdoorsy and RVShare\u2019s Airbnb-style rental programs gained widespread adoption and allowed any RV to double as a rental unit. Which potentially multiplies the demand for RV park rentals.\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Apartment and mobile home park syndicators began scrambling to figure out how to enter this suddenly intriguing asset class.\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">We\u2019ve partnered with one of the rare non-public national operators who is an expert in acquiring wonderfully located mom-and-pop parks and revolutionizing them into something great.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Like their recent Branson, Missouri, acquisition, this previously undervalued and under-managed park is only 20 minutes from one of America\u2019s favorite family destination cities.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Like Brady transformed the Bucs, our operating partner is transforming this asset into a world-class family recreational park. (One of their parks was just named America\u2019s #1 RV Park by USA Today.)\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Here are a few highlights of the Branson park we invested in:\u00a0<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Expanding from 61 to 161 RV spaces<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Adding 30 park model units (deluxe rental RVs) and 10 glamping tents<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Adding a resort-style pool with concessions, a pond with a floating water park, a pavilion and stage, 50 golf carts (that rent for $75 daily), and much more\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">The acquisition cost for this park was $3.35 million. The all-in cost with improvements is over $17 million. The projected year-five value at a conservative 7% cap rate is over $31 million, and the projected net investor year-five cash flow is 15%.\u00a0<\/span><\/p>\n<figure class=\"wp-block-image size-full\"><picture class=\"wp-image-144708 sp-no-webp\" title=\"What Tom Brady Can Teach Us About Real Estate Investing 2\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/rvpark.webp 512w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/rvpark-300x200.webp 300w,https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/rvpark-340x225.webp 340w\" sizes=\"(max-width: 512px) 100vw, 512px\" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/rvpark.jpeg 512w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/rvpark-300x200.jpeg 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/rvpark-340x225.jpeg 340w\" sizes=\"(max-width: 512px) 100vw, 512px\" type=\"image\/jpeg\"><img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/rvpark.jpeg\" loading=\"lazy\" class=\"wp-image-144708 sp-no-webp\" title=\"What Tom Brady Can Teach Us About Real Estate Investing 2\" alt=\"RV park under real estate operator\" height=\"341\" width=\"512\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/rvpark.jpeg 512w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/rvpark-300x200.jpeg 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/rvpark-340x225.jpeg 340w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\"\/><\/source><\/source><\/picture><figcaption><em><span data-preserver-spaces=\"true\">Note that this is not the Branson RV park, but a developed\/stabilized park from the same operator.<\/span><\/em><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Our operating partner plans to refinance back most or all of the investor principal at year five, and investors will stay in the deal with the same ownership after that. This will be a win-win for everyone if it works out!\u00a0\u00a0<\/span><\/p>\n<h2>Conclusion<\/h2>\n<p><span data-preserver-spaces=\"true\">In my opinion, investing in RV Parks right now is a rare opportunity to get in early on an asset class that feels to many like self-storage in the early \u201890s. I\u2019m quite giddy about this asset class, and I think many of you will be, too. More to come!\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This operator is like our firm\u2019s 2022 Tom Brady. You may be one syndication or fund investment away from investing in passive real estate opportunities like this yourself.\u00a0<\/span><\/p>\n<p><em><span data-preserver-spaces=\"true\">What about you? Have you found the right partner, employee, or syndicator? Getting this right could make all the difference in your life, your wealth, and your future.\u00a0<\/span><\/em><\/p>\n<div id=\"hero-block_630438aa24f66\" class=\"first:mt-0 hero-block    has-background has-slate-200-background-color has-text-color has-theme-blue-light-color\">\n<div class=\" flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n<div class=\"relative z-30 w-full \">\n<main class=\"py-4\"><\/p>\n<p class=\"has-theme-blue-color has-text-color has-large-font-size\" style=\"font-style:normal;font-weight:800\">Stand Out to Over 2M+ Real Estate Investors<\/p>\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-800-color has-text-color\" style=\"font-size:16px\"><strong>Be a featured agent on Agent Finder, a resource that helps investors find the right agent, fast. Instantly match with serious buyers to fuel your pipeline with better leads.<\/strong><\/p>\n<p>Complete the form in 30 seconds to connect with an Agent Success Manager to get started today. <\/p>\n<p><\/main><\/div>\n<div class=\" first:mt-0 relative h-full lg:flex lg:items-center\">\n<picture class=\"object-cover w-full relative z-20 my-0  shadow-xl rounded-md sp-no-webp\" title=\"What Tom Brady Can Teach Us About Real Estate Investing 3\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/FA-Blog-Block.webp\" type=\"image\/webp\"><source srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/FA-Blog-Block.png\" type=\"image\/png\"><img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/FA-Blog-Block.png\" class=\"object-cover w-full relative z-20 my-0  shadow-xl rounded-md sp-no-webp\" title=\"What Tom Brady Can Teach Us About Real Estate Investing 3\" alt=\"Be a Featured Agent on Agent Finder\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/FA-Blog-Block.png\"\/><\/source><\/source><\/picture><\/div>\n<\/div>\n<\/div>\n<p class=\"italic\"><b>Note By BiggerPockets:<\/b> These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.biggerpockets.com\/blog\/what-tom-brady-can-teach-us-about-real-estate-investing\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article Do you believe in miracles?\u00a0I have for years. But I didn\u2019t see this one coming. I don\u2019t think anyone did.\u00a0 Love him or hate him. It\u2019s hard not to respect the greatest quarterback of our time. Perhaps all time.\u00a0Drafted in the sixth round at 24 years of age, Tom Brady led a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3756,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/09\/tom-brady-1024x517.jpg","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-3755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/3755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=3755"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/3755\/revisions"}],"predecessor-version":[{"id":3757,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/3755\/revisions\/3757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/3756"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=3755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=3755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=3755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}