Episode 030: Tim Bratz-From Financial Disaster To An Apartment Empire In 8 Years

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This episode welcomes the Blue Collar Kid from Parma Ohio made good Mr Tim Bratz Tim is the CEO and founder of Legacy Wealth Holdings a real estate investment company that acquires and transforms distressed apartment buildings into high-yield assets for their own portfolio Tim s current portfolio exceeds 4 000 units with a valuation of more than 350M Working in real estate Tim has built a passive business and created a residual income that allows him to live the lifestyle of his choice He s here to educate and empower others to become financially free through commercial real estate nbsp In this episode Tate and Tim discuss Tim s bumpy road from personal financial disaster to being the owner of 4000 units Guiding Principles 1 Burn the Ships Create a restraint no fall-back plan 2 Build Long Term Vision-not get rich quick Millionaires and Billionaires are made by making deals and taking equity Trade your time for equity in deals Masterminds The importance of the guidance of his mastermind to keep generating revenue during law suit with business partners He found out that The worst case scenario wasn t that bad Relationship capital is MUCH more valuable than financial capital Mastermind-having the right people in your corner He 4X d his income in 10 months in 2016 after attending his first mastermind -if you sign up for a Mastermind make it a 36 month commitmentThis year he s selling 2 000 units keep 2 500 and adding 4 000 doors The 1 Rule if the monthly rent covers 1 of the all-in price per unit of the complex the deal should cash-flow Enroll in his Commercial Empire Event at https invite commercialempire com cestartTim can be reached at www legacywealthholdings com nbsp