Tim Bratz Owns $400MM in Real Estate by Age 35 (Part 2)

Disruptors

Steve Trang

Business, Investing, Careers

4.9 • 742 Ratings

🗓️ 4 March 2022

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Acquire, renovate, and hold rental properties to passive and residual income to do what you want, when you want. Tim Bratz discusses how he finds properties, raises capital, acquires rental units, renovates, holds, and creates passive and residual income for over $400 million in real estate investments. Video replay of my interview with Tim Bratz TIM BRATZ OWNS $400MM IN REAL ESTATE BY AGE 35 Subscribe to Our YouTube Channel Share this with someone who would value this information. 👉 for more excellent free content! Get Connected https://tap.bio/@stevetrang Join our Discord: https://discord.gg/EqhThZ8t Schedule a call with us to learn more about our Sales Training, Workshop and Mentorship! https://www.disruptors.com/☎️ https://go.oncehub.com/RealEstateDisruptors☎️ Follow Us on iTunes/Apple Podcast and Leave a ⭐️⭐️⭐️⭐️⭐️ Review Real Estate Disruptors https://podcasts.apple.com/ph/podcast/real-estate-disruptors/id1386400008 Disruptors Remarkable Influencers https://podcasts.apple.com/ph/podcast/disruptors-remarkable-influencers/id1587984371 Spotify https://open.spotify.com/show/7G54paZF7C28VF6l2hLCvl?si=cxHATrYLQ6Ws7kgtWonuXQ https://open.spotify.com/show/7G54paZF7C28VF6l2hLCvl?si=MS-x88vlRNiidB8NpV_2cw Get 10% OFF on InvestorLift Use promo code DISRUPTORS. Earn MORE in wholesaling—FAST! https://get.investorlift.com/disruptors/ More about Tim Bratz Tim Bratz is the CEO and founder of Legacy Wealth Holdings, a real estate investment company that acquires and transforms distressed commercial and apartment buildings into high-performance investment assets. Tim began his real estate career in 2007 brokering commercial leases in the competitive NYC real estate market, where he saw the true potential of investment real estate to transform personal finances and provide financial freedom. He spent time reading, attending workshops, and networking with accomplished entrepreneurs. Tim’s resourcefulness helped him acquire his first investment property in Charleston, SC in 2009 by using his credit card to buy a duplex. Tim transformed the rundown duplex all on his own and turned a profit on his first deal. He reinvested those proceeds and began seeking private capital to expand his holdings. Today Tim follows a simple formula to buying real estate: only invest for cash flow, only buy at wholesale prices, and create (never speculate) appreciation through value-add improvements & sweat equity. Working in real estate, Tim has learned how to build a passive business and create a residual income that allows him to live the lifestyle of his choice. Tim now focuses on educating and empowering active operators and passive investors to become financially free through commercial real estate. Tim’s investment companies own over 4,500+rental units across ten states. Tim is a husband and proud father, graduate of the Goldman Sachs 10,000 Small Businesses program, mentor for the Legacy Family mastermind, and active member of several other high-performance national entrepreneurs & real estate masterminds. www.legacywealthholdings.com @timbratz Takeaways from Tim Bratz SHOW NOTES Subscribe 👉 Get Connected https://tap.bio/@stevetrang Helpful Links Buy our Perfect Seller Appointment Checklist. https://www.disruptors.com/checklist Want to close more deals without spending any more money? Go to 👉https://www.disruptors.com. Give us a follow on Instagram: https://www.instagram.com/steve.trang TikTok: https://www.tiktok.com/@stevetrang Facebook: https://www.facebook.com/stevetrang Twitter: https://www.twitter.com/stevetrang Real Estate Resources Please find out more about wholesaling by joining our movement at https://l9aljqz8k7.wpdns.site. Join Our Private FB Group. https://www.facebook.com/groups/realestatedisruptors/ Earn MORE in wholesaling—FAST! https://get.investorlift.com/disruptors/ Need fast, reliable skip tracing? https://www.skipfast.com About Steve Trang Steve Trang (https://www.stevetrang.com) is the founder of Real Estate Disruptors. He started his podcast in the middle of 2018 to inspire wholesalers and real estate agents to double their incomes by adding a 2nd leg to their business. The podcast has grown to tens of thousands of followers, with new community members sharing their success stories every week. Steve also created the OfferFast Homes app. The app’s purpose is to help wholesalers jump-start their careers faster by putting all buyers in one place. The hope is to minimize the challenge of building a buyer list when getting started in wholesaling. Steve’s legacy will be to create 100 Millionaires. One of his favorite quotes is from the great Zig Ziglar: “You can have everything in life you want if you will just help enough other people get what they want.” He heard this quote when he first got into real estate, and it has stuck with him throughout his entire career. It’s essentially one of the core values Steve lives by. Since starting Stunning Homes Realty in 2013, the brokerage has had over 130 agents. SHR has an almost 1% market share in the Greater Phoenix Area and sold one out of every 137 homes in the Phoenix Metro (https://www.stunninghomesrealty.com). The post Tim Bratz Owns $400MM in Real Estate by Age 35 (Part 2) appeared first on Real Estate Disruptors.

Transcript

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0:00.0	What else wants to do it?
0:00.7	It's like, yeah, let's talk.
0:02.7	And so it was the same thing, right?
0:03.5	It was like, you know, 10%, three years, I get it back, and I got a portion of the deal.
0:09.4	Yep.
0:09.9	And the thing that was, this might be stupid, but the thing that was most appealing to me was
0:14.5	I could write off 40% in the first year.
0:17.0	Yep.
0:17.5	That was the part that was the most attractive to me of all of that. Well, it's, if you do a cost segregation study, it's a way that you can depreciate the property under a
0:26.0	shorter amount of time. So, you know, typically, it's getting a little technical, but, all right,
0:31.8	so residential real estate depreciates over 27 and a half years. Commercial real estate is over 40 years,
0:38.4	or 39, 40, whatever it is. But multifamily is under, it's technically commercial real estate,
0:45.0	but it's also residential. So they actually allow 27 and a half years. If you do a cost segregation
0:50.7	study, what that means is like you can go and say, hey, this carpet isn't going to last 27 and a half years. It's going to last like four years. So you depreciate the
0:58.5	life cycle under the first four years of ownership. The trim or these lights or these light bulbs
1:03.2	or those ceiling, the roof, the mechanicals, any of that stuff, have shorter lifespans than
1:09.3	27 and a half years. So you can front-end
1:11.8	load all this depreciation and take typically, you're looking at 20 to 30% of the property
1:19.4	value in that first year. And dude, for somebody with like you, who's a full-time real estate
1:24.6	professional, or if you're raising money from full-time real estate professionals that need depreciation,
1:29.4	this is a way that you could potentially get away with not even giving them a preferred return
1:33.6	and saying, hey, instead of writing a check to the government,
	...

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