Tim Bratz. What It Takes To Buy Your Own Island. Episode 461 with The Real Brad Lea (TRBL)
Dropping Bombs
Brad Lea
4.9 • 2.3K Ratings
🗓️ 28 March 2022
⏱️ 49 minutes
🧾️ Download transcript
Summary
Tim is the Founder & CEO of Legacy Wealth Holdings. He focuses on vision-casting, marketing, & supporting his team of "A" players. He has built his company on integrity (doing what he said he was going to do), fairness (doing the right thing), & transparency (honesty is always the best policy). Tim has dedicated his professional life to studying wealth-building & personal finance. Working in real estate, Tim has learned how to create a passive income that allows him to live the lifestyle of his choice. His goal is to educate & empower others to become financially free through entrepreneurship & real estate investments.
In this episode, Tim and Brad discuss what it takes to buy your own island among many other real estate projects. Tune in and take notes!
00:00 Intro
02:00 Liabilities into assets
02:51 Check out https://www.legacywealthholdings.com to learn more about what Tim does.
07:00 Getting a seat at the table
12:00 How deals work and Tim's first deal
18:00 Buying Tim's first duplex
20:00 "There are deals in every market." - Tim Bratz
26:00 How cashflow works
30:40 How to add revenue to your real estate
35:18 Depreciation
40:00 Why experience matters/send the deal if you find one
44:40 https://www.littlelegacylibrary.com to educate your kids!
47:29 Follow Tim/DM him @timbratz
Transcript
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| 0:00.0 | Listen up, or run, for cover. |
| 0:07.0 | From the people who have attitude of people who need to know the real. |
| 0:15.0 | Bradley is dropping. |
| 0:24.5 | What it is, Bradley, back again with another episode of drop in bombs today, folks, if |
| 0:29.2 | you're in the real estate, I got a real treat for you. |
| 0:32.2 | Tim Bratz and the crib. |
| 0:33.2 | What's cracking? |
| 0:34.2 | Man, excited to be here. |
| 0:35.2 | Dude, if you guys ain't following this guy at Tim Bratz, B-R-A-T-Z, at Tim Bratz, you're |
| 0:42.6 | going to want to. |
| 0:43.6 | This dude's been in the business for quite a while. |
| 0:46.6 | You got 4,000 doors. |
| 0:48.9 | That's a lot of doors. |
| 0:49.9 | That's a lot of doors, yeah. |
| 0:51.2 | He's been doing this. |
| 0:52.8 | He's studied all kinds of personal development mindset. |
| 0:57.1 | The whole nine yards, you're a literal, I would say, self-development guru that's practicing |
| 1:02.6 | what you preach in the field of real estate. |
| 1:05.7 | Yeah, man. |
| 1:06.7 | I mean, we were talking offline, like, I think all this stuff, man, comes down to mindset, |
| 1:10.6 | you know? |
| 1:11.6 | And I was really bad at business before I got good at business and tried out a couple |
... |
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