A-Rod Owns 13,000 Units of Multifamily Real Estate

A-Rod (former New York Yankees Baseball Star, Alex Rodriguez) owns over 13,000 units of multifamily real estate all over the country. He says the apartment business is better than baseball. (See Article & Video)

There's a lot to like:

• The recurring passive income
• The ability to force appreciation by repositioning
• The ability to use leverage to increase his returns
• The ability to refinance and pull cash out tax free
• The hefty tax benefits
• The equity created as tenants pay down his mortgages
• The hedge it creates against inflation
• The ability to positively impact neighborhoods

In fact, A-Rod is not alone. Unfortunately, we hear lots of stories about sports stars experiencing financial hardships just a few years after retirement but, we don't often hear about the ones that invest wisely and have transitioned from their athletic careers to building a real estate empire; Turning their heavily taxed "active" income into tax-favored "passive" income and generational wealth.

More examples:

• Basketball Hall of Famer David Robinson founded Admiral Realty Capital, a private equity fund that owns $100M of hotels, office buildings and multifamily real estate.
• Former NBA superstar Shaquille O'Neal owns over $50m of real estate including apartment towers he developed in his hometown of Newark, NJ.
• NBA Legend Magic Johnson owns a ton of businesses and a ton of commercial real estate.
• MLB All-Star Mo Vaughn's company owns over 7,000 units of multifamily in several states.
• Dallas Cowboys NFL Hall of Famer Emmit Smith owns multiple real estate companies.
• NBA All-Star Hakeem Olajuwon has a history of real estate investments in Texas.
• Former Boston Celtics player Brian Scalabrine invests in affordable senior housing.
• NBA superstar Chris Paul invested in a multifamily fund focused on acquiring, preserving and enriching workforce housing in densely-populated, urban areas.
• NBA Veteran Devean George is developing affordable housing in his hometown of Minneapolis.
• Pro Boxing Champion Miguel Cotto owns a portfolio of gas stations and other real estate.

Fortunately, the benefits of real estate investing aren't just for multi-millionaire sports celebrities. By pooling our capital together in syndications, we can use the same strategies.