Ritter on Real Estate Overcoming Limiting Beliefs With Timothy Lyons
Tim is a 16 year veteran of the New York City Fire Department (FDNY) and currently serves as a lieutenant in the borough of Queens. Until recently, he also worked part-time as an emergency room RN at a level 1 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 first-hand the power of real estate investing as an opportunity to create passive income and build wealth for his family.
He 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.
Cityside Capital has $79 million of assets under management including 561 multifamily units. Tim has also invested as a limited partner in 256 multifamily units in Texas and in a large retail supercenter in Tennessee.
Tim attributes his early success in real estate investing to education, investing in coaches and mentors, and surrounding himself with like-minded people.
In April 2021, Tim became an Amazon #1 bestselling author in a book he co-authored with other authorities such as The Real Estate Radio Guys’ Robert Helms, Jim Rohn’s 18-year business partner and master marketer, Kyle Wilson and many more, called "Bringing Value, Solving Problems and Leaving a Legacy".
https://bit.ly/Podcast-One-Pager
https://www.linkedin.com/in/tim-lyons-cityside-capital/
https://www.facebook.com/tim.lyons.712/
https://www.facebook.com/Citysidecap
Key Points From The Episode:
- Working as an ER nurse, firefighter, then becoming an investor.
- How 9/11 impacted Timothy’s life and family.
- Educating himself on real estate... Reading Rich Dad Poor Dad
- Closing his first multifamily deal.
- Overcoming limiting beliefs.
- Understanding that you can't save your way to wealth.
- The power of equity, using other people's money.
- Learning about taxes.
- Scaling past small multifamily deals.
- Realizing that real estate is a team sport.
- becoming a general partner/syndicator.
- How to overcome limiting beliefs.
- Real estate investing being the best way to build wealth.
Books mentioned:
- The Story Brand by Donald Miller
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Production by Outlier Audio