Episode description

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