Brendan Jones: Baseball Pro's Real Estate Investment Journey
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In this BiggerPockets video, we meet Brendan Jones, a rising star in the world of baseball with the New York Yankees, who is venturing into the realm of real estate investing. Brendan, armed with a substantial initial investment of $65,000-$70,000, is looking to make a smart move by putting down 20% to steer clear of pesky PMI fees. His sights are set on the Nashville area, where he faces the classic investor dilemma: downtown hustle and bustle or the serene suburbs for potential rental properties.
The team advises Brendan to tap into tools like AirDNA and furnished finder to gauge the demand for short-term and midterm rentals, especially in areas further from the city center. While Brendan leans towards personal comfort in a more rural setting, the team emphasizes the importance of considering rental demand and potential vacancy rates. Crafting an ideal scenario and analyzing the property's viability as a long-term rental are crucial steps in Brendan's investment journey.
With frequent travels due to his baseball commitments, Brendan also delves into the realm of property management, seeking advice on whether to handle it himself or enlist professional help. The team recommends thorough research and networking to gather insights on property management options that align with Brendan's goals. Brendan appreciates the guidance provided, acknowledging the need to strike a balance between personal preferences and sound investment strategies as he embarks on this exciting real estate venture.
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Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
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