Pro baseball player seeking advice

[Clayton Cook]

Hey everybody, my name is Clayton Cook and I play baseball in the Texas Rangers organization. This past offseason (October-early February) I decided i wanted to get into real estate, seeing as I had no prior experience I decided to get my real estate license to get into the business and learn as much as I could. So, while I was getting my license (got it in January) I have been crushing BP podcasts as well as talking to as many people as I could in the business. Now that spring training is in full swing I was wondering if I should hold off on purchasing until after the season when i can dedicate more time and energy towards that? As well as be there to take care of things in person as i obviously travel a lot for my job. If anybody has other suggestions or words of wisdom I’m all ears and would greatly appreciate it!

[Jay Hinrichs]

Ok this is going to come from left field.  No pun intended.

but I always wondered why pro athletes did not partner more.  Or start their own syndicates or partnerships.. I know some have tried it with different results.. Montana is a successful developer and Steve Young as well... and a few other 49ers in the bay area.

but I would think you could get some of your mates to all go together and if your the one leading the charge you become the sponsor and not only invest but make the management fee.. we see so many sports stars go kind of busto after their big earning years this would at least get them into some long term deals.

since you took the time to get your license maybe that's the part you focus on .. put deals together take equity position for being the leader of the pack so to speak.. that's what I would focus on.. buying and holding a few rentals unless you can really really scale is not a big money play.  Its great for mom and pop investors but its not going to replace a professional athlete salary by any means.

However putting a bunch of your peers together and buying 5 to 50 million dollar deals and you take a piece of each.. now that I like !!!  and bet you would too..   and Dallas is ground zero for learning the syndicate game.. there are a bunch of folks that teach it based there and are on BP..

Ok that's my left field reply  probably not anything you want to hear but I just think if someone rallied all the sports star's they could weild one hell of a hedge fund.

Friend of mine is an airline pilot and there are a few money guys that specialize in doing ivestments for only pilots and I bet there are others that do that only for doctors etc.

And maybe I don't know enough about it.. maybe the players relying on their agents for investment advice and maybe my idea is wishful thinking.