Discover how Tim Bratz transformed a single property flip into a portfolio of over 4800 units as he spills secrets on navigating market downturns, harnessing the power of private capital, and the critical importance of long-term thinking. Don’t miss out on this chance to learn from one of the best in the industry!
WHAT YOU’LL LEARN FROM THIS EPISODE
- Lessons learned from the 2008 market collapse and its impact on Tim’s career
- Importance of private capital in scaling a real estate portfolio
- Challenges faced with rising insurance costs and their impact on property values
- Strategic approach to managing properties with fixed-rate debt
- Predictions for the future of the real estate market and housing supply issues
RESOURCES MENTIONED IN THIS EPISODE
- Shadow Government Statistics
- Private Equity Stakeholder Project
- Cash Flow with Property Community
- Berkshire Hathaway, Inc.
ABOUT TIM BRATZ
Tim began his career as a broker leasing ground-floor retail units in the competitive New York City real estate market. Here, he saw the true potential of real estate to transform lives. Although Tim was limited in means, he spent his time reading, attending workshops, and networking with accomplished entrepreneurs, learning that being resourceful was the ultimate path to success.
With this knowledge, Tim built his real estate company in Charleston, South Carolina, where he had relocated in search of a better quality of life. Arriving in 2008, after the real estate bubble burst, Tim quickly adapted and, using a credit card, increased his limit, and then wrote himself a balance transfer check to acquire the cheapest property he could find. With his personal investment and plenty of sweat equity, Tim transformed a rundown duplex and made a profit on his first deal. He then reinvested those proceeds, while seeking private capital to expand his growing company. Today, Tim still uses this formula for success, starting with being resourceful and having the right mindset.
CONNECT WITH TIM
- Website: Legacy Wealth Holdings
- Facebook: Tim Bratz
- Instagram: @timbratz
- YouTube: Legacy Wealth
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