PGA Players Podcast

As a professional athlete, when and how should you go about investing in private real estate?

Show Notes

Have you ever wondered why ultra wealthy families invest in private real estate? Why wouldn’t you just buy your own rental property or invest in a public REIT (Real Estate Investment Trust)? How do you even find a quality partner to invest with? What types of real estate investments are out there? As a professional athlete, when would this type of investment make sense for you?

In this episode, we talk with experts from two different private real estate firms to get an insider’s guide on what to look for in a deal, how to evaluate it, and how to choose a partner to invest with. And they both happen to be former professional athletes as well. Dan Kennedy is a Partner at Driven Capital Partners and a retired MLS player, and Peter Tomasulo works for Lyon Living and is a retired PGA Tour player. I learned a lot in this interview and hope you do, too.

Episode Highlights

  • (1:00) Why Dan started investing when he was a MLS player
  • (5:14) "I thought I was going to play until I was 50 years old and then I was just going to be able to do whatever I wanted." - Peter Tomasulo
  • (13:05) What are the different types of real estate investments?
  • (22:57) Why do high net worth families and successful athletes invest in RE
  • (23:54) Why not use a public REIT?
  • (29:08) What to look for when evaluating a new investment?
  • (33:06) When does an investment like private real estate fit in my financial structure?

Creators and Guests

Host
Aaron Goldberg
Former Professional Golfer and Private Wealth Advisor, CFP®

What is PGA Players Podcast?

Join Aaron Goldberg, CFP® - a private wealth advisor for AWM Capital and former professional golfer with the Korn Ferry and PGA tours - as he discusses weekly the most important business and financial news professional golfers should know.