“The biggest thing that I've learned from that deal was that you have to know who you're investing with, you have to do your due diligence, you have to make sure that all partners are aligned.”
Yannik Cudjoe-Virgil is an inspiring guy with great insight. He used to play as a Linebacker in the NFL, for the Tennessee Titans, but unfortunately had a career-ending knee injury and retired in 2017. Since then, he has successfully transitioned into the world of commercial real estate and believes that cashflow is the key to financial freedom. Go give him a follow on LinkedIn at https://www.linkedin.com/in/yannikcudjoevirgil/
Yannik Cudjoe-Virgil latched on to real estate and to the book by Robert Kiyosaki, “Rich Dad Poor Dad”, and it has helped him pivot from professional sports to success in commercial real estate. Now, He is the principal of Merlynn Acquisitions - a real estate investment and syndication firm, which is primarily focused to provide risk-adjusted value-add and opportunistic real estate investment opportunities to professional athletes, business owners and busy professionals.
He is also the host of The Mogul Marathon Real Estate Podcast. His experience in commercial real estate began as an Asset Manager by trade for both retail and institutionally-capitalized real estate private equity firms, where was responsible for the strategic oversight of large multidisciplinary commercial real estate portfolios across the U.S.
Yannik holds a B.S. in Kinesiology from the University of Maryland College Park.
In this episode we discuss:
✅ Rich Dad Poor Dad
✅ Mental Fitness
✅ Professional Sports Ethics
✅ Private Equity
✅ Asset Management
✅ BRRRR Method: Buy, Rehab, Rent, Refinance, Repeat
✅ Land Banking
Great quotes from the episode include:
“You've heard it in the past. Athletes going broke within two to three years after leaving their sport, and I did not want to be a part of that statistic.”
“I was just being a sponge who is just soaking up a bunch of different knowledge because I wanted to apply some of those same strategies into my own business. So it was a way for me to earn while I learned, and I think that is very efficient.”
“There are so many mistakes that we don't have to make if we can be in those conversations and hear other people's mistakes and learn from them and put our own twist on it.”
“Grow at the right pace and every stage along the way, build that good foundation.”
“If you can go out there and provide basic affordable housing, doesn't have to be luxury, you're going to position yourself for a very fruitful real estate investing career.”
“You have to know who you're investing with because partnerships are like a marriage, right? Easy to get into, hard to get out.”
“I don't want to invest with someone who's a peacetime general. I want to invest with someone that's a wartime general.”
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