Blankenship with the Bankruptcy Block
Santa Rosa Beach, FL (PRWEB) October 09, 2015 -- It is no secret that professional athletes have a tendency to transition from riches to rags. For rookie professional athletes whom are most often college students, the incredible surplus of cash in their bank accounts can be overwhelming. Their stories of financial ruin splash across headlines year after year, as they lose their money to divorce settlements, luxurious homes and cars, loans to family members, and a plethora of other frivolous purchases. In the United States today, 60 percent of NBA players face bankruptcy within five years of retirement. For NFL players, the number is a staggering 78 percent.
For Beau Blankenship, former running back for the Jacksonville Jaguars, these statistics are unacceptable. Before leaving the NFL, Blankenship saw first-hand, the aftermath of athletes who made poor financial decisions. Regardless of a $1.9 million average salary and mandated courses on wealth management, NFL players are still going bankrupt at an alarming rate. Despite the consistent pattern of new athletes’ inability to handle wealth, they come into the system each year only to make the same mistakes as their predecessors.
This is where Blankenship steps into the picture. After leaving his career in football, Blankenship decided to test the waters of the real estate industry. He set his sights on starting his own business in the panhandle of Florida, where his family vacationed throughout his childhood. The scenic 30A highway along the Northwestern coast of the state was an impeccable location for Blankenship to help clients purchase and sell luxury homes. With the start of his new career, he realized he had a passion for not just buying and selling homes, but also for mentoring his clients on making sound financial investments.
With a hunger for guiding people into tactful economic decisions, Blankenship knew he wanted to help his former professional athletes escape the paradigm. Working with clients has shown Blankenship that successful wealth management is absolutely feasible for professional athletes. Today, he diligently works to help more athletes make smart investments in ways that will make their money thrive.
Blankenship shared, “The biggest mistake athletes tend to make when investing is typically buying homes that don’t provide a sound return on investment. This is especially true when you look at the possibility of reselling or renting to tenants.” This is not a mistake just made by athletes either. Any home buyer can be subject to making unsuccessful investments, but Blankenship is working hard to keep his clients on the right track.
For athletes who decide to rent out their homes, the most valuable skill he can share with them is how to manage their monthly expenses in correlation with their rental income. Blankenship strives to guide them through these solid investments so they don’t plummet into the cookie cutter, broke, professional athlete lifestyle set before them.
But Blankenship does not just cater to athletes. He is proud to represent a wide array of smart, aggressive men and women who are seeking wise investments with maximum return. And he is ready to take on the challenge of helping them accomplish those goals.
Blankenship’s clients trust him as an expert and a mentor due to his successful past. His diligent work has led him to be in the top two percent in realtors on 30A. In addition, he and his team have sold 20 million in homes sold and under contract this year so far. He also manages many investments of his own with a multitude of satisfied clients by his side, proving that when it comes to real estate investing, Beau Blankenship will keep you secure.
Korey McMahon, McMahon Marketing, http://www.mcmkt.com, +1 (405) 928-3395, [email protected]
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