Tim Bratz. What It Takes To Buy Your Own Island. Episode 461 with The Real Brad Lea (TRBL)
Podcast: Dropping BombsPublished On: Mon Mar 28 2022
Description: Tim is the Founder & CEO of Legacy Wealth Holdings. He focuses on vision-casting, marketing, & supporting his team of “A” players. He has built his company on integrity (doing what he said he was going to do), fairness (doing the right thing), & transparency (honesty is always the best policy). Tim has dedicated his professional life to studying wealth-building & personal finance. Working in real estate, Tim has learned how to create a passive income that allows him to live the lifestyle of his choice. His goal is to educate & empower others to become financially free through entrepreneurship & real estate investments. In this episode, Tim and Brad discuss what it takes to buy your own island among many other real estate projects. Tune in and take notes! 00:00 Intro 02:00 Liabilities into assets 02:51 Check out https://www.legacywealthholdings.com to learn more about what Tim does. 07:00 Getting a seat at the table 12:00 How deals work and Tim’s first deal 18:00 Buying Tim’s first duplex 20:00 “There are deals in every market.” - Tim Bratz 26:00 How cashflow works 30:40 How to add revenue to your real estate 35:18 Depreciation 40:00 Why experience matters/send the deal if you find one 44:40 https://www.littlelegacylibrary.com to educate your kids! 47:29 Follow Tim/DM him @timbratz
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