“People move away from pain doubly, then they move towards pleasure.”
-Tim Lyons
Tim is a 16 year veteran of the New York City Fire Department and currently serves as Lieutenant in the borough of Queens. Until recently, he also worked part time as an emergency room nurse at a level one trauma center. He brings years of real world management and leadership experience to his real estate investment career. Tim's 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 firsthand the power of real estate investing as an opportunity to create passive income and build wealth for his family. Tim has since started cityside capital, with the goal of not only growing his own portfolio, but also to help others realize the power that real estate investing can have on creating passive income and building wealth. His company, suicide capital has 79 million assets under management, including 561 multifamily units, has also invested as a limited partner and a 256 multifamily unit deal in Texas and then a large retail super center, and Tennessee. temperate tributes his early success in real estate investing education, and resting in coaches and mentors, and surrounding himself with like minded people. And most recently, in April 2021, Tim became an Amazon number one best selling author and a book he co authored with other authorities.
In this episode, Trevor and Tim discuss:
- How Tim started his real estate investing career.
- The steps you need to take prior to starting your own real estate investing career.
- The process of buying the First Three Family.
- How force depreciation works.
- The process of syndication deals and how it works.