NFL Players' Podcast

Real Estate with Jon Condo | Zach Miller | NFL Players Series #23

Episode Notes

Jon Condo, my former teammate and 15-year NFL veteran, now real estate agent joins to talk real estate. With real estate prices notching up to record price increases, and an unhealthy supply of homes for sale, Jon answers common questions for NFL Players. 

As NFL players focused on growing our net worth and creating generational wealth, real estate is a solid part of that equation. We also get a chance to share our own real estate stories and where NFL players can get tripped up.

We also talk about the consistency necessary to last 15 years in the NFL in an unforgivable position of long snapper. You cannot redeem yourself from mistakes, and must be perfect for 10-15 snaps a game. Jon shares what shaped his commitment to professionalism and performance.

If any NFL players have real estate questions, reach out to Jon Condo directly at: Jon@TheKarasGroup.com or me at: zmiller@awmcap.com.

Episode Highlights

• How Jon took a disciplined approach and his path to becoming a long snapper, playing for 15 seasons.
• Condo’s transition to his career after football and what helped him along the way.
• We discuss doing what you’re good at and can consistently win at is a recipe for success in a career after the NFL. Taking care of your business and growing your Net Worth allows for flexibility and freedom to pursue what you are passionate about post-NFL.
• We talk about mailbox money and that doesn’t just mean real estate. Jon shares some of his experiences investing in real estate early in his NFL career and what he has taken from it.
• As a young NFL Player should you buy or rent? Is rent wasted money? 
• Credit score and what impact does it have on getting a mortgage to buy a home.
• When renting out your home, know your downside, risks, and opportunity cost.
• Real estate tax Planning including 1031 exchanges, Section 121 exclusions. Click on the links for more details but the tl;dr is you can avoid taxes or kick the can down the road with some of these strategies. Seek out qualified professionals like us at AWM Capital for specific advice here.
• Always have an exit strategy to realize your profits. This might seem obvious but many people don’t have a plan in real estate investing. 
• What maximizes residential real estate value? What improvements actually can add to the value of the home. 
• Can you time the market in real estate?
• Where does real estate belong in your Net Worth stack?
• My free link for checking Mortgage Rates: http://www.mortgagenewsdaily.com/mortgage_rates/