Legacy Wealth Show

Latest Episodes:

Legacy Wealth Ep. 2.14 | How to Truly Define Success w/Sean Whalen Apr 09, 2020

Show notes

Sean isn't your run of the mill entrepreneur. From a young age, he became successful in the mortgage industry, while at the same time losing money building real estate...until he took a moment and sat down to look at what his "success" actually meant.

By the time the 2008 crash came, he was a co-owner in a $25 million a year business….and a lot of his money was invested in real estate. He was working 15 hour days without any time to spend with his family and, coupled with other personal issues, he found himself in a dark place that led to him walking away from his multi-million dollar company and re-evaluating how to define success.

After a lot of hardship and introspection, he's now the owner of Lions Not Sheep, a consulting company that teaches people how to live like it's your last day. With hundreds of thousands of followers on social media, he is spending his time teaching clients and living his dreams, instead of just surviving.

Listen as Tim Bratz, an apartment investing expert and host of the legacy wealth show, interviews Sean Whalen about:

How to define success
The importance of being honest with yourself
Why you should live your dreams and stop putting things on hold
What it means to live life like it's your last day

Legacy Wealth Ep. 2.13 - Investing In Real Estate In Your 20s w/ Steve Morris Apr 02, 2020

Show notes

Steven Morris graduated from Bowling Green and decided to become a real estate agent in 2013. While dealing with real estate investors as a young agent, he started to learn valuable lessons that would help him later down the road.

Through a mess up due to inexperience and an over abundance in inventory, he happened upon wholesaling real estate and realized he needed to change the way he did business. Instead of the transactional process involved with brokering deals, he began to focus on wholesaling houses and building a portfolio of residential properties.

After reaching around 60 units and dealing with the day to day activities of managing your own portfolio (many of which weren't in the greatest areas), he once again stepped back to re-evaluate his approach to investing. Instead of re-inventing the wheel, he decided that this time, he would R&D Tim's method of commercial investing.

Pay close attention to this edition of the Legacy Wealth show with Tim Bratz as he interviews Steve Morris on:

- The pitfalls of being a young, inexperienced real estate investor.

- How networking and education can help you figure out your niche.

- Why you don't have to reinvent the wheel to be successful in real estate.

- How staying in your lane and being genuine will help your business succeed

- The importance of being honest and focusing on what you're good at.

Legacy Wealth Ep. 2.12 - Business As Usual During The Coronavirus Pandemic w/ Corey Reyment Apr 01, 2020

Show notes

The Coronavirus pandemic has brought many businesses (and the economy in general) to a screeching halt. But YOUR economy doesn't have to be defined by THE economy.

This is something made very clear by Corey Reyment, a real estate investor who closes around 50 wholesale deals a year, and is still going strong today despite the chaos that's happening in the world.

Corey and Tim Bratz discuss how to run 'business as usual' in these difficult times, as well as how you can capitalize on the SITUATION (without taking advantage of any PERSON).

Legacy Wealth Ep. 2.11 - Residential vs Multifamily Real Estate Investing w/Phil Klima Mar 26, 2020

Show notes

Phil and his father turned a start-up car business into a successful empire. Starting out of their own homes, they now own several locations in the Cleveland, OH area. Eventually, Phil started to fix/flip houses until he noticed some investors who were holding houses for their rental portfolio. After focusing on residential real estate for a few years, it wasn't until he went to a few commercial investing masterminds that he decided to enter the multi family real estate space.

Up until this point, he had been self managing his residential rental portfolio...from collecting rents to scheduling contractors, to talking to tenants. Having known Tim for almost a decade and watching as he progressed to the apartment investing expert he is today, he eventually realized he was doing it the wrong way.

Now, Phil has stepped away from the everyday operations of his businesses and started collecting passive income as he focuses on building legacy wealth for his family.

Listen as Tim Bratz, the host of the Legacy Wealth Show, interviews Phil Klima on:

- What it's like owning a car business and how he's used real estate to supplement his income.

- How properly leveraging debt can be smarter than owning free and clear properties.

- How to get past the mental barriers that many people deal with when scaling their investing business.

- Why multifamily investing is better than residential.

To learn more about Phill Klima (or buy a car in the Cleveland area) visit www.kdkauto.com

Legacy Wealth Ep. 2.10 - Quitting Your Job to Pursue Your Passion w/Jack Petrick Mar 19, 2020

Show notes

"Oftentimes people will say, I don't have time. It's not a matter of you don't have time, It's you don't want to put in the time and make the sacrifices for it." - Jack Petrick

Jack met Tim Bratz, a multi family real estate investor, around 4 years ago at a brokerage that they were both working for at the time. Working 24 hour shifts as a firefighter and not wanting to settle for being mediocre, he knew he was ready to make a change and start building legacy wealth for his family.

While most people are paralyzed by the idea of giving up health insurance and benefits to pursue their dreams, Jack decided to take the leap into apartment investing. Within his first few years, he managed to build a rental property portfolio of 30-40 residential units but knew he wanted it to grow larger. After attending Tim's Commercial Empire event, he found his first apartment building within his first 6 months. He now has a commercial portfolio of just shy of 400 units, with another 270 under contract, and plans to keep growing it over the next several years.

Legacy Wealth Ep. 2.9 How Taking Action Can Change Your Life w/Dan Mitchen Mar 12, 2020

Show notes

Taking action and pursuing the unknown can lead to amazing things...and in Dan Mitchen's case, be highly profitable.

4 years ago, he decided to trust his gut and take action. After deciding to get his real estate license on a whim, he began working for a brokerage where he met Tim Bratz, a commercial real estate investor and host of the Legacy Wealth Show.

Listen as Tim and Dan talk about:

How investing can help you build long term wealth.
The mindset challenges that he faced when starting out.
The actions he took to find and structure his first deal.
How attending a mastermind can open your mind to new opportunities

Legacy Wealth Ep. 2.8 - Surround Yourself With Successful People w/Chris Walsh Mar 05, 2020

Show notes

"It's friends with a common future vs friends with a common past."

If you want to learn how to invest in real estate the right way and start generating passive income, having the right mentor can make a huge difference.

Chris Walsh, a professional golfer turned coach, bought his first multi family property with a credit card and eventually began attending masterminds...only to realize he was doing commercial real estate investing the wrong way. Instead of spending his own money and accepting all the risk, he began seeking private money to continue growing his portfolio.

In his pursuit to learn how to create passive income, he's now managed to grow his multifamily portfolio to 100 units in only 18 months and is now on the right path to reaching his 2020 goals.

Tim Bratz, host of the Legacy Wealth Show and a real estate investor that specializes in apartment investing, interviews Chris Walsh on:

- The importance of surrounding yourself with successful people

- How the right mentor can help jump start your business

- Why learning the right way to invest makes a large difference

Legacy Wealth Ep. 2.7 - How To Publish A Book In 2020 with Mike Fallat Feb 27, 2020

Show notes

Have you ever had an experience that you thought would make a great book? Well, that's where Mike Fallat comes in.

As the owner of Dreamstarters Publishing, he's spent the past 5 years building a successful business that specializes in ghost writing books for entrepreneurs wanting to get their story published.

Tim Bratz interviews Mike Fallat about things like:

- The process he uses to make his clients best-sellers

- Self-publishing pricing strategies

www.DreamstartersPublishing.com

Legacy Wealth Ep. 2.6 - How To Make And Keep Money When Real Estate Investing Feb 20, 2020

Show notes

"It's not about how much money you make, It's about how much money you keep."

Joe McCall is a residential real estate investor with a very unique business model. Focusing on real estate lease options, he found himself trying to weather the ups and downs that came just after the 2008 housing market crash, while sacrificing his personal financial health in order to handle the growing portfolio he found himself trying to manage.

- The importance of having cash reserves and multiple exit strategies

- Different ways to wholesale lease options

- Why you should diversify your business investments

- Why buying wholesale real estate is key to surviving a market shift

- How to manage your business income so you actually keep money when investing in real estate

book on lease options - http://www.WLObook.com

How to find deals on zillow - http://www.zcodejoe.com

Legacy Wealth Ep. 2.5 - How to Make Money on AirBnB Without Owning Property in 2020 w/ Brian Page Feb 13, 2020

Show notes

Have you ever wondered how to make money on Airbnb without owning property?

Creating cash flow with real estate is something every real estate investor aspires to do, but there's a common myth attached to it...you have to have money and own the properties you are investing in.

Brian Page, a South Carolina real estate investor that specializes in making money with airbnb rentals, had started out like most residential investors do. With a lot of his money tied up in highly leveraged properties during the 2008 crash, he took a considerable loss from his real estate investments... and eventually figured out how to cash flow real estate without needing to own the property.

Through a chance encounter with a stranger on a plane, the seeds of a plan began to form that would grow into the short term rental business that he owns today.

Check it out as Tim Bratz, host of the Legacy Wealth Show and a Multi Family real estate investor, interviews Brian Page on:

- How to talk to the owners and make a deal that profits both sides - Different ways to outsource the day to day of your business - The difference between Airbnb and VRBO - The importance of paying attention to data in the market

Our TOPPODCAST Picks

Follow Us

Stay Connected

Related Podcasts

Links

Stay Connected