Alex ‘A-Rod’ Rodriguez is a self-made man. While Major League Baseball may see the hitter as a controversial star, there are only a few doubters. The star has proved to be a savvy investor. A-Rod has secured his financials with investments in real estate and even in NBA franchises. And the fans are warming up to him. With a recent reveal as to why real estate, he may have just won over a few more.
A-Rod may have had a controversial career on the diamond, but his reputation certainly seems to have seen a turnaround after his retirement. With the star’s baseball analysis being loved by all, his philanthropic endeavors too have had a large part to play. And with the star posting his ‘why’ to social media recently, he has only added to his repertoire.
Alex Rodriguez reveals his reasons for investing in real estate
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With the former New York Yankees slugger recently posting a reel to his Instagram account, he let people know. He made clear speaking to why his real estate investments matter to him so much. Harkening back to a time when the star was still only 12 years old, he recalled an incident about his living situation that is the story of several Americans today.
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Said Rodriguez, “We had to move every 18 months because the landlord kept raising the rents and I saw the pressure building on my mom.”
Not one to give up, however, the star also recounts how he got through the tough times. “And I remember as a 12-year-old I go down to my knees and I pray I say “Dear God, if I ever have an opportunity to trade places with the landlord, I will,” he recounts.
Posting to the ‘gram with the caption, “Why I Invested My First Check From Baseball Into Real Estate,” the slugger certainly had his priorities set from day dot. Furthermore, he’s enjoyed plenty of success with it too. With his first investment coming with his initial contract, A-Rod first bought a duplex in Miami to make sure his mother never had to go through any tough ordeal again.
Nevertheless, the MLB legend has added several key additions to his real estate investment repertoire.
A-Rod’s real estate investments
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Rodriguez has made some big splashes in the real estate market after his retirement in 2016. Rodriguez achieved his real estate dreams with Monument Capital Management, which owns about 10,000 multifamily units, and Newport Property Construction, which has managed the development of over $1.5 billion worth of properties.
The MLB icon is clearly dedicated to his causes. And he is making sure that he never has to go through the harrowing experience again. Becoming the landlord instead for several American families.
But how do you see the star? As a savvy investor kid from Miami who made it? Or just a lucky investor who managed to make it big by being at the right place at the right time?
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What did you make of the story involving Rodriguez and his first check? Let us know in the comments section below.
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