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
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