How to Make Your Money Work for You with Timothy Lyons
Timothy Lyons brings years of real-world management and leadership experience to his real estate investment career. His initial goal with real estate was to create passive income and in turn, be able to spend more time with his wife and three little girls. After partnering on a multifamily property he saw first-hand the power of real estate investing as an opportunity to create passive income and build wealth for his family. We spoke to Timothy about the importance of education and networking. We also discussed a broker-dealer license and the reason Tim decided to obtain his for investing. LISTEN HERE:
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[00:01 – 04:30] Opening Segment
Timothy talks about his background.
How he decided to take the action to invest in real estate.
How having a mentor helped him get started in multifamily investing.
[04:30 – 11:00] Getting Started and Education
The importance of understanding how money works.
How making your first deal can lead to other deals.
Timothy talks about why he started his company.
How he raised his first $150k and how that led to raising $600k.
The reason why educating investors is a great way to build trust.
[11:00 – 24:23] Broker-Dealer
How networking helped them in their first deal.
Timothy explains why he chose to get a broker-dealer license.
Broker-Dealer vs. General Partner
The importance of locking in on one thing.
How they connect limited partners with operators.
The importance of understanding how curating content can help.
[24:23 – 28:31] Round of Insights
Having a five to nine job.
Most Recommended Book:
Getting up early. #1 Insight for Investing Follow the data. Best Place to Grab a Bite in New York: The Firehouse Contact Timothy: Click here to listen to Timothy’s podcast “Passive Income Brothers”. To connect with him and learn more go to his website. You can also connect with him on his Facebook, or Linkedin. Tweetable Quotes: “You just have to follow the data or follow the people that are following the data” - Timothy Lyons Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.