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Athlete Relocation and Real Estate Investment: A Natural Team

By admin   |  

June 01, 2016   |  

Investments   |  

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Home / Investments / Athlete Relocation and Real Estate Investment: A Natural Team

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Why are athlete relocation and real estate investment a natural team?

Think about it!

Every professional athlete comes from some city, his/her home city, the place where they live, where they were born, where they have settled down….and….every professional athlete plays his/her sport in another major city for his/her team.  During the season those athletes spend four, five or six months in the home team city, and six, seven or eight months in their regular city of residence.

Few athletes, and we’re talking a very small percentage, actually play for a team in the same city they were born or reside.  It just rarely happens, so that means two home bases for most athletes and that, of course, means two homes.

Let’s also assume that in the home city, the normal residence of that athlete, they own a home.  Again, a large percentage of athletes do this…but what about the other city?  Do they own a home or do they rent/lease a residence?

A surprising number of professional athlete rent/lease in the home team city, and this may not be the best real estate investment move.

Over the long run, real estate appreciates in value.  Over the long run, real estate investment provides passive income if rented to others.  Over the long run, real estate investment provides a high leverage in investing and financing.  Add them all together and they strike a powerful argument for professional athletes purchasing homes in two or more places during their career.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

 

 

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