Alex Rodriguez Once Took a Huge Gamble With Half of His Money Before Becoming a Real Estate Mogul: “Don’t Know What the Hell I’m Doing..”

Standing at the epitome of the great American Dream, Alex Rodriguez turned to the Minor League draft in order to financially support his mother and two half-siblings after being abandoned by their father. At 18, the shortstop made his major league debut with the Seattle Mariners. Ever since then, A-Rod turned the world of baseball around. But that’s not the only professional realm he dominated. In 1996, he realized his entrepreneurial ambition and founded A-Rod Corp, which survives as a shark in the real estate industry.

Thereon, at the age of 22, he made his first investment in real estate. And today, the three-time American League MVP’s net worth surpasses $350 million. Despite his current status as a successful business magnate, A-Rod’s journey to success was not without its challenges. From a young age, he possessed a fierce determination and was not afraid to take calculated risks in order to achieve his goals, which translates to his success today.

The slow and steady rise of entrepreneur Alex Rodriguez in the real estate world

During an episode of the Pivot Podcast in April 2022, Rodriguez shared the story of his first foray into the world of real estate. At the age of 22, he made an investment in a duplex. Which he later sold for twice the price a few years later. This initial success sparked his interest in the field, leading him to invest in a four-plex, an eight-plex, and eventually, his largest investment to date: a 60-unit property.

However, the 60-unit investment proved to be a big gamble, and A-Rod narrated this story by talking about the major risk he took. And he said, “I’ll never forget this. I had to write a million-dollar check down payment. It was a three-million-dollar property. Now I had two million dollars in my bank account. And I mean, we can understand that I took half of it and wrote it as a down payment. And I said, ‘dear Lord, I don’t know what the hell I’m doing here but here we go.'”

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As a result of the gamble, the slugger stood worried about his investment and receiving rent from his tenants all across spring training. And the presently valued $350 million man said, “I put a million, I got a two million dollar loan and I need these tenants to pay the rent so that I can you know cover my mortgage.”

However, to the shortstop-turned-baseman’s good luck, the investment worked out, which is construed in his opulence today. He said, “And sure enough, that went well. And you know we ended up growing that portfolio to about 15 000 apartment units in 14 States. But that was the start.”

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What are your views on A-Rod’s path to brilliance in the realm of real estate? Let us know your thoughts in the comments below.