Tim Lyons is currently a lieutenant in the New York City Fire Department(FDNY). Until recently, he also worked part-time as an emergency room RN at a level 1 trauma center for eight years. 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 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 wealth.
[00:01] – [04:49] Opening Segment
- Let’s get to know Tim Lyons
- Tim talks about his background
- Firefighter
- Side Job as a Nurse
- Getting into real estate investing
- 0 to 190 units in 13 months
[04:50] – [10:41] Finding Mentors and Partnering with the right people in the industry
- Tim talks about finding successful mentors and coaches in the Multifamily space
- Joining groups to scale and grow from his experience
- Partnering and working with co-GP’s to learn how syndications work in various markets
- Investing in yourself by joining mentorships and coaching programs
[10:42] – [17:01] Giving back and adding value to others in the industry
- Tim talks about his first deal as a General Partner
- Tim’s goal to give back and have an impact on the younger generation of investors
- Major hiccups Tim encountered on his second deal
- Raising capital for his deals
- Adding value for your investors and partners
[17:02] – [19:03] Closing Segment
- Tim’s advice to aspiring investors
- Take Action
- How Tim stays up on top of his game
- His way to make the world a better place
- How to reach out to Tim – links below
- Final words from Tim and Me
Tweetable Quotes:
“Take Action. There’s only so many books that you can read, only so many podcasts you can consume before you get stuck. Once you know seventy percent of something, you can just go and take action, and you’re gonna figure it out.” – Tim Lyons
“When people are successful in this space, at a certain point they want to give back, they want to have an impact on younger investors. That’s my goal. – Tim Lyons
“When you can find somebody that you can work well with, it means everything. Multifamily is a team sport, it’s just too big sometimes to do by yourself.” – Tim Lyons
Resources Mentioned:
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Connect with Tim, send him an email at tim@citysidecap.com or visit https://citysidecap.com/
Connect with me:
I love helping others place money outside of traditional investments that both diversify strategy and provide solid predictable returns.
Call: 901-500-6191
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Email me --> sam@brickeninvestmentgroup.com
