Storage Wins EP446: Tim Bratz on Owning 4,000+ Multifamily Units, the Secret to his "Overnight" Success, & How You Can Have Anything You Want
Tim Bratz is the Founder of Legacy Wealth Holdings and currently owns over 4,000 multifamily units. What seems like an overnight success β isn't. It took Tim over 15 years of banging his head against the wall to finally struck gold. How did he do it? He made the investment in himself and he stopped trying to operate as a solopreneur. When he changed his mindset and started asking better questions, his net worth skyrocketed. Find out more about his story in this week's podcast!
Key Takeaways:
- Tim's company owns over 4,000 multifamily units.
- Why would someone pay $30,000 for a basketball ticket?
- Sometimes you need to ask the right questions to get to what you want.
- Who are you robbing of opportunities for not going bigger in your thinking?
- Tim's been involved in masterminds since 2015 and regrets not joining sooner!
- How did Tim go from 0 to 4,000 units within a few years?
- It's been at least 15 years of mistakes and tumbling through it all!
- Tim has been screwed so many times that now he can't get screwed anymore. He's immune!
- What's holding people back from succeeding in this business?
- Tim is hyper-focused on making a difference in people's lives.
- It's Tim's goal to create a million millionaires and impact their family trees forever.
- Tim regrets being a solopreneur for so long. He should have taken action sooner and asked for help. Get into a mastermind! It changes everything!
- When Tim joined a mastermind, he made $400,000 just from a $30K investment.
- Part of living an abundant lifestyle is wanting others to win as well.
- Why does Tim like self-storage units and how does it compare to multifamily?
- Although hard work is important, it's not the leading indicator of success!
- What advice does Tim have for someone who is starting from scratch?
- How does Tim acquire multifamily buildings in this climate?
- Tim shares a story of how real estate can really be a pain in your side and you can dig yourself into a hole without realizing it.
- Tim shares how he leverages the power of social media to help him when he's in a bind.
MENTIONED IN THIS EPISODE:
Connect with Tim: Legacywealthholdings.com
BOOK RECOMMENDATIONS: Little Legacy Library: Success & Achievement Books for Kids
The Millionaire Next Door: The Surprising Secrets of America's Wealthy, by Thomas J. Stanley
Don't Wait To Enjoy Your Life Tomorrow, Live It Today! How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:
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Tweetables:
"I've been screwed so many times that I can't get screwed anymore. You can't pull the wool over my eyes. I know exactly what to expect in an apartment building when I buy it because I have checklists and SOPs."
"Once you get past a certain dollar amount and all your basic needs are met, doesn't matter if you make $50,000 or $50 million a year, there is no difference in happiness."
"We are always our own bottleneck."
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