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Discovering Multifamily
From 3 Units To 6,000+ Units Worth >$1B+ In Less Than 3 Years With Tim Lyons
Aug 14, 2023
Tim Lyons, Co-Founder & Managing Partner of Cityside Capital, shares his journey from owning 3 units to 6,000+ units worth over $1B+. He discusses investing in multi-family properties, self-storage, and industrial spaces. Tim also talks about managing a three-unit property, the challenges they faced, and the importance of finding off-market opportunities. He co-hosts The Passive Income Brothers Podcast and encourages connecting through their website and social media handles.
21:53
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Quick takeaways
- Tim Lyons started his real estate journey with a three-unit property before joining a mastermind and becoming a minority general partner, emphasizing the importance of teamwork in real estate syndication.
- Cityside Capital primarily focuses on multi-family investments but also invests in self-storage and industrial properties, highlighting the opportunities in the industrial space and the importance of working with qualified operators and conducting thorough due diligence.
Deep dives
Tim's Journey from Firefighter to Real Estate Syndicator
Tim Lyons, co-founder and managing partner of Cityside Capital, shares his journey from being a firefighter and ER nurse to getting involved in real estate syndication. Tim felt that trading his time for money was limiting his potential and wanted to explore other streams of income. He started his real estate journey with a three-unit property in New Haven, Connecticut, before joining a mastermind and becoming a minority general partner in a 43-unit deal in Pennsylvania. This experience opened Tim's eyes to the possibilities of real estate syndication and the importance of working as a team. Eventually, Tim and his brother started Cityside Capital and focused on capital raising, aligning with a broker-dealer for compliance and deal flow.
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