Has Anyone Heard of Tim Bratz?
Sandy, TX · Member since 2014 · 4 posts · 0 votes
Has Anyone Heard of Tim Bratz?
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Developer · Charleston, SC · Member since 2015 · 100 posts · 91 votes
7yProbably time I offer some insight here...
Quick background... From Cleveland OH, lived in NYC & Charleston SC. Worked in real estate from 2005-2008, and started investing in 2009. I've done everything in residential real estate (wholesale, rehab, normal rentals, short-term vacation rentals, turnkey, property management, private lending). I bought my first apartment building in 2012, and built a portfolio of approx 150 units over the next 3 years with a partner. That partnership dissolved & we liquidated all properties in 2015/2016, and I started rebuilding my current portfolio in August 2015. I focus almost exclusively on apartment buildings (95% of my portfolio). I currently own 3,207 units, across about 40 buildings, in 6 states. My portfolio is valued just over $250M, and I owe ~$120M of debt & ~$30M of investor equity on the portfolio.
A lot of claims being made here. Some accurate, some extremely inaccurate. Here are some thoughts...
@Nathan Gesner I am an active real estate investor. I built up a big management operation, didn't like the overhead & babysitting of adult employees, so I asked myself "How can I continue to build a big business without taking on more staff?" I came to the realization that joint venture partnerships are an awesome strategy. I have the balance sheet to acquire financing, and I have access to a lot of capital.. so I partner with great operators on the residential side, where they bring the deal, handle project management, & act as boots-on-the-ground, while I bring the money & can offer mentorship/guidance. They get into deals that they couldn't have gotten into previously (without using their own money or their own credit), and I get into deals that I wouldn't have gotten into previously either. Everyone wins. That's what prompted me to put an education platform together. I can teach people how to safely & intelligently invest in apartment buildings, and if there is room for us to do deals together, awesome. If not, they now have the process maps, checklists, & tools to do deals on their own. I've only been in the space for 17 months, held 7 events, and people who have come to my events have picked up thousands of units on their own (Kelly Stumphauzer 160+ units, Dan Mitchen 100+ units, David Marsh 400+ units, Randy Lawrence 300+ units, Jack Petrick 500+ units, Phil Klima 100+ units, Steve Morris 300+ units, Jorge Abreu 250+ units, and on & on). I understand there are naysayers out there who make preconceived notions based on limited information, but I also know that I'm doing a lot more good & making a massive positive impact than those naysayers could ever know. I do agree that the sales copy that my partners on the education side put together seems like the typical push/promotion, which doesn't resonate very well with me.. I'll have a conversation with them to take a more authentic angle, which is what I'm all about: https://www.youtube.com/watch?v=-YBpIIgEIQw&t=1s
@JudeCiccolella I don't know who you are, but you seem really angry. You call me vindictive & litigious.. I've only ever sued one person & their broker (for intentionally & maliciously defrauding me & my investors during a transaction that took place in 2018). And yes, I will pursue damages to the fullest extent of the law. Because of how upset you are, I assume you have some sort of relation to them. I'm extremely active in Cleveland OH real estate groups, with a very clean reputation (ha, I don't even know how I'd build a bad reputation.. I don't broker or work with other people much, I just buy my own stuff & provide free investing insight on social media..??). Check out some of the Cleveland FB groups, LI groups, local REIAs, etc, and speak to people who actually know me.
@JamesWise I only recall one encounter with you, about 5 years ago, when you made a cash offer on a building I was selling then came back with financing terms. You probably have your side of the story, and what really happened is probably a blend of how we both saw it. Either way, the deal fell apart, we were both younger, and both said some things. I haven't thought about it since. Happy to hop on a call to hash things out, if you'd like.
@DanHeimer I don't show that you've ever attended one of my events, but happy to address your claims. I've had about 1,000 people out to my events in the past 18 months, this is the first negative review I've heard. 99.9% of all reviews have been extremely positive. If you were actually at my event, you'd know that 1) I buy at wholesale prices, 2) I buy for cash flow, not for speculative appreciation, 3) we 'create' appreciation by making value-add improvements to properties, and never speculate, 4) I stabilize properties & refi out my investors in 12-18 months, allowing more predictability in interest rates & loan terms than speculating 5-7 years out like most syndicators do, 5) if the market shifts, I'm at a low enough cost basis that I have many options on what to do with the property (hold, refi, sell, etc), 6) once investors are cashed out in 12-18 months, I'm the only one with ongoing responsibility & liability (even though it's a non-recourse loan there is still some liability I take on), 7) I project for increased interest rates (which actually just dropped .25% last week, btw), lower LTVs, and lower valuations than what the market is showing right now, keeping us at very safe levels, and 8) I only buy workforce A & B class apartments (not luxury, not C/D class) which is the most insulated asset class in real estate.
I have NEVER publicly pitched a deal, or even pitched a deal in my events. That is an outright false allegation. I have gone over case studies of past closed deals to educate attendees on what a deal looks like, how deals are structured, and provide a big picture.. but I have never ever publicly pitched a deal. And you discredit yourself by saying I raise with a 506B yet I push investors to say they're accredited -- that doesn't make sense, you don't have to be accredited to invest in a 506B. I'm familiar with the SEC rules & regulations, and have multiple attorneys review everything I say & do, to keep things very black & white on how we discuss fundraising. We also record all events, as proof that we don't venture into any gray area.
@KimLisaTaylor -- I am asked to attend REMentor's sponsorship event every year as a sponsor for their students' deals. Jeannie can attest to my character. Rod Khleif is good friend of mine, and I'm an active member of his Multi-Family Boardroom mastermind. Ask him about me. I know Jake & Gino decently well, too. Been on their podcast & met up with Gino when I vacationed in St Augustine last year. All solid organizations. I don't know anything about Vinney Chopra.
@EricChase & @MarkoZlatic & @MatthewRhead -- I appreciate the kind words & support.
Come out to my event or don't come out to my event, it doesn't affect me. 90% of my income comes from doing deals. I do ask that you actually get to know me before passing judgment. Check out any of the value I provide on FB, LI, IG, my own podcast LegacyWealthShow.com, or any of the podcasts I've been on. You'll see I'm all about paying it forward, being transparent & authentic, and inspiring others to create real wealth through holding rental real estate.
43 Replies
- Rental Property Investor · Germany · Member since 2017 · 74 posts · 22 votes7y
Hi John,
I just heard Tim Bratz this morning on Matt Motil's Cash Flow King podcast (CFK095). Saw something here on BP as well: Ep. 293 Are You a Fearful or Faithful “What If” Person? Tim Bratz Is Here to Talk Mindset For Action!
I haven't worked with him but I'm getting started doing private lending with Matt.
Hope this helps!
Eric
- Rental Property Investor · Cleveland, OH · Member since 2013 · 85 posts · 146 votes7y
I worked for Marcus & Millichap in their Capital Markets (Mortgage Lending) business and he worked with us exclusively. I may be interviewing him for my podcast/YouTube channel soon. His business has exploded over the years, to say the least.
- Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes7y
He just had a podcast on BP so he must have a measure of legitimacy. I searched Google and found his page where he claims he will "share everything I know" in three days. That's the kind of talk you'll hear from every get-rich-quick guru on the planet, kind of like "7-Minute Abs" or Hydroxycut weight-loss pills.
Just look at what he promises: you don't need to use your own money, you don't need to inspect the properties, you'll spend very little time on the deal, you aren't personally liable for the loans and debt, you'll work less and earn more...
This can all be true if you know what you are doing. It is not true for beginning investors or even someone with experience in 20 single-family homes and I'm pretty sure he won't teach you everything you need to know in three days.
I found a podcast with him last year where he explains he's been investing for ten years and has an empire worth $85 million. But if you go to his web site he claims he built an empire of $145 million in the last 48 months. Hmm...
He may be able to give you some nuggets but these seminars are typically an opportunity to sell you books or an upgrade to his super-duper conference where he reveals the real secrets. Then you attend the super-duper conference and he will sell you his one-on-one coaching. Next thing you know, the $20,000 - $40,000 you've spent on his training could have been better spent on an actual investment.
I don't know him or his system at all but I've seen enough of these to know that there's a 99.9% chance he's selling you a line of crap.
The DIY Landlord Book4.7248 Reviews - Rental Property Investor · Erie, PA · Member since 2018 · 6k+ posts · 9k+ votes7y
@Nathan G.
Yep ,Sounds like your typical re guru . No money down, no risk and no work ! Retire at 23 . Just simply Follow our patented techniques and you’ll be sipping pina coladas on the beaches of Waikiki with Robert kiyosaki everyday .
- 7yKim Lisa TaylorPro MemberAttorney · Saint Augustine, FL · Member since 2016 · 242 posts · 234 votes
My most successful Syndication clients over the past 10 years have come from REMentor. Their coaching is not cheap, but I think the thing that separates them from the one-time seminar gurus is that they offer a series of classes designed to deepen their student's knowledge so that they end up with a well-rounded education, versus what you can get (and retain) out of a single 3-day fact-filled seminar. Additionally, they hold an annual networking event with over 1,000 like-minded people. Over the years I have seen a lot of deals and investors come together between people who have met at their events.
Other high integrity gurus that I know are Vinney Chopra, Jake and Gino, and Rod Khleif. Full disclosure, I do some teaching/speaking for all 3 of them (but I am not part of their organizations). I can't say whether the others out there are good or bad (and there seem to be a lot of them cropping up) as I haven't had any experience with them.
- Rental Property Investor · Tampa, FL · Member since 2019 · 9 posts · 2 votes7y
I have heard of Tim Bratz. I think that he has a very good model. He buys multi-family properties with upside where he is all in at 65%. Once they are stabilized, he refinances at 75% LTV to pay back the investors and have extra capital for the next deal. This is the BRRRR model. He seems passionate about what he does.
I spoke with his syndication attorney, Fadi, today. I want to get involved in multi-family weather I am an LP or GP. Fadi works with the investors. There was no pitch at all. Certainly no pressure.
Tim has a seminar coming to Tampa on November 5, 6 and 7. I am very interested to attend. Usually his tickets can be $5K but you get to bring someone with you. If anyone has interest in splitting the cost, please reach out.
- Developer · CA · Member since 2017 · 20 posts · 30 votes7y
The problem with Tim Bratz is he over promises and under delivers. Anyone bragging about how much in assets he has bought with other people's money, while getting non-recourse loans is a huge red flag that it is all hype and ego.
Let's be real: He claims that he can fix an apartment building and get it refinanced to cash out investors in 12 months to 18 months. Well, if there is a hick up in the market, good luck with that business model. If you want to call it a business model! Mind you the market has been very good for apartment buildings in the past 48 months and most syndicators were able to pull all kinds of crazy results. Let's see what happens when interest rates go up and these syndicators cannot resell or refinance because there is no more interest only loans and they must amortize at a higher rate!
I attended one of his events with another investor friend of mine. And to our surprise everyone was pitched while he uses a RegD 506B filing with the SEC. If you are familiar with Syndications, that is the type of structure that requires an "existing and substantial relationship" with investors BEFORE soliciting them. This is a big No No with the SEC especially in a seminar venue.
I suspect he will be arrested or suspended within 24 months.
When my friend went to ask him during the break about that, since we did not know Tim Bratz and we certainly would not qualify qualify our 2 hour attendance as a "substantial relationship" with him, he was annoyed and his answer was: "Talk to Fadi back there.." Fadi is his attorney who seems as desperate as he is to raise money and may even be getting paid based on how much money is raised at these events.
And now with the final point: He hints that you should mention that your net worth is $1Mil on the private memorandum document so you could get into whatever deal he has. This is another big infraction with SEC.
Tim Bratz needs to be more honorable and file a Reg D 506 C to be able to pitch publicly and truly qualify the investors as accredited before he gets audited and suspended or jailed by the SEC.
In closing, notice on his 3 day promo who are his buddies? well, none other than the master mind gurus who toot each other's wonderful business ethics because they help each other prey on unsuspecting investors who are desperate to get in on multifamily investing and the dream of getting passive income!
- Specialist · San Antonio, TX · Member since 2012 · 865 posts · 351 votes7y
@Dan Heimer this is a little off topic, but if that picture you have on your profile is of Thanksgiving diner with family then you are definitely blessed.
On topic.. If someone can tell you everything they know in Three days then they don’t know much or over promise.
- Member since 2019 · 3 posts · 0 votes7y
BEWARE THIS SNAKE OIL MERCHANT. Tim Bratz is an episode of American Greed waiting to happen. Typical wanna be real estate guru, the timeline related to his claims of wealth garnered seem to change quarterly. Many a local Cleveland investor has been left with a bad taste in their mouth after dealing with this guy. He is known to be vindictive, litigious, and a general snake. Do your homework.
- 7yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
@James Wise may know of him since he is Cleveland based
@Dan Heimer I ran into him at a mastermind and your pretty accurate with your assessment this mastermind has quite a few guru's in it.. and they do support each other all over social media.. Although to be fair this mastermind also had some very good people some of the top turnkey outfits some of those just ascending up the ladder as it were. I did not join as some of the members were not the type I wanted to hang with.. again not all but enough that well just did not work for me.
At that event Bratz won the big belt buckle award and he is a showman I give him that.. In my mind sponsors of these deals need to have some deep experience were as the last 3 to 5 years rising tides raised all boats.. like you said what happens in a hiccup. I cant say one way or the other if he is or will be a good operator.. No first hand knowledge just my impressions
So I suspect he is going to go down the guru path and start to charge if he is not already for training and given his performance I saw I also suspect he will be successful at it given his personality and ability to stand up and talk the talk in front of large groups not every one can do that..
- Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes7y
Originally posted by @Jay Hinrichs:
@James Wise may know of him since he is Cleveland based
@Dan Heimer I ran into him at a mastermind and your pretty accurate with your assessment this mastermind has quite a few guru's in it.. and they do support each other all over social media.. Although to be fair this mastermind also had some very good people some of the top turnkey outfits some of those just ascending up the ladder as it were. I did not join as some of the members were not the type I wanted to hang with.. again not all but enough that well just did not work for me.
At that event Bratz won the big belt buckle award and he is a showman I give him that.. In my mind sponsors of these deals need to have some deep experience were as the last 3 to 5 years rising tides raised all boats.. like you said what happens in a hiccup. I cant say one way or the other if he is or will be a good operator.. No first hand knowledge just my impressions
So I suspect he is going to go down the guru path and start to charge if he is not already for training and given his performance I saw I also suspect he will be successful at it given his personality and ability to stand up and talk the talk in front of large groups not every one can do that..
Yea I've crossed paths with him a few times throughout the years. He has never left me with a positive impression about himself or his businesses.
- Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes7y
Originally posted by @Nathan Gesner:
He just had a podcast on BP so he must have a measure of legitimacy. I searched Google and found his page where he claims he will "share everything I know" in three days. That's the kind of talk you'll hear from every get-rich-quick guru on the planet, kind of like "7-Minute Abs" or Hydroxycut weight-loss pills.
Just look at what he promises: you don't need to use your own money, you don't need to inspect the properties, you'll spend very little time on the deal, you aren't personally liable for the loans and debt, you'll work less and earn more...
This can all be true if you know what you are doing. It is not true for beginning investors or even someone with experience in 20 single-family homes and I'm pretty sure he won't teach you everything you need to know in three days.
I found a podcast with him last year where he explains he's been investing for ten years and has an empire worth $85 million. But if you go to his web site he claims he built an empire of $145 million in the last 48 months. Hmm...
He may be able to give you some nuggets but these seminars are typically an opportunity to sell you books or an upgrade to his super-duper conference where he reveals the real secrets. Then you attend the super-duper conference and he will sell you his one-on-one coaching. Next thing you know, the $20,000 - $40,000 you've spent on his training could have been better spent on an actual investment.
I don't know him or his system at all but I've seen enough of these to know that there's a 99.9% chance he's selling you a line of crap.
Lol Nate you know you're my guy and all but given recent events I think it's only fair that I point out that Clayton Morris also appeared on the Podcast. Being a guest on a Podcast alone doesn't give one street cred. Viewers need to do their own research on any guests of the BP Podcast and any other publication.
- Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes7y
@James Wise that was exactly my point. This guy was on a podcast and sounds good but a lot of his information sounds down-right hokie. Probably a fraud.
The DIY Landlord Book4.7248 Reviews - Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes7y
Originally posted by @Nathan Gesner:
@James Wise that was exactly my point. This guy was on a podcast and sounds good but a lot of his information sounds down-right hokie. Probably a fraud.
Lol I saw that 1st line and that it was an old post (possibly before the Morris Invest Fraud allegations were so blatantly exposed to the public) skimmed the rest and wanted to bust your chops. Re reading it the sarcasm is pretty clear. I should have known you'd be all over it with some quality content for those looking to learn. Keep crushing it out there. Folks, if you're reading this Nathan is one of the dudes you really want to follow.
- Member since 2019 · 3 posts · 0 votes7y
@nathan
@Nathan Gesner He is most definitely a fraud. And a crook.
- Developer · Charleston, SC · Member since 2015 · 100 posts · 91 votes7y
Probably time I offer some insight here...
Quick background... From Cleveland OH, lived in NYC & Charleston SC. Worked in real estate from 2005-2008, and started investing in 2009. I've done everything in residential real estate (wholesale, rehab, normal rentals, short-term vacation rentals, turnkey, property management, private lending). I bought my first apartment building in 2012, and built a portfolio of approx 150 units over the next 3 years with a partner. That partnership dissolved & we liquidated all properties in 2015/2016, and I started rebuilding my current portfolio in August 2015. I focus almost exclusively on apartment buildings (95% of my portfolio). I currently own 3,207 units, across about 40 buildings, in 6 states. My portfolio is valued just over $250M, and I owe ~$120M of debt & ~$30M of investor equity on the portfolio.
A lot of claims being made here. Some accurate, some extremely inaccurate. Here are some thoughts...
@Nathan Gesner I am an active real estate investor. I built up a big management operation, didn't like the overhead & babysitting of adult employees, so I asked myself "How can I continue to build a big business without taking on more staff?" I came to the realization that joint venture partnerships are an awesome strategy. I have the balance sheet to acquire financing, and I have access to a lot of capital.. so I partner with great operators on the residential side, where they bring the deal, handle project management, & act as boots-on-the-ground, while I bring the money & can offer mentorship/guidance. They get into deals that they couldn't have gotten into previously (without using their own money or their own credit), and I get into deals that I wouldn't have gotten into previously either. Everyone wins. That's what prompted me to put an education platform together. I can teach people how to safely & intelligently invest in apartment buildings, and if there is room for us to do deals together, awesome. If not, they now have the process maps, checklists, & tools to do deals on their own. I've only been in the space for 17 months, held 7 events, and people who have come to my events have picked up thousands of units on their own (Kelly Stumphauzer 160+ units, Dan Mitchen 100+ units, David Marsh 400+ units, Randy Lawrence 300+ units, Jack Petrick 500+ units, Phil Klima 100+ units, Steve Morris 300+ units, Jorge Abreu 250+ units, and on & on). I understand there are naysayers out there who make preconceived notions based on limited information, but I also know that I'm doing a lot more good & making a massive positive impact than those naysayers could ever know. I do agree that the sales copy that my partners on the education side put together seems like the typical push/promotion, which doesn't resonate very well with me.. I'll have a conversation with them to take a more authentic angle, which is what I'm all about: https://www.youtube.com/watch?v=-YBpIIgEIQw&t=1s
@JudeCiccolella I don't know who you are, but you seem really angry. You call me vindictive & litigious.. I've only ever sued one person & their broker (for intentionally & maliciously defrauding me & my investors during a transaction that took place in 2018). And yes, I will pursue damages to the fullest extent of the law. Because of how upset you are, I assume you have some sort of relation to them. I'm extremely active in Cleveland OH real estate groups, with a very clean reputation (ha, I don't even know how I'd build a bad reputation.. I don't broker or work with other people much, I just buy my own stuff & provide free investing insight on social media..??). Check out some of the Cleveland FB groups, LI groups, local REIAs, etc, and speak to people who actually know me.
@JamesWise I only recall one encounter with you, about 5 years ago, when you made a cash offer on a building I was selling then came back with financing terms. You probably have your side of the story, and what really happened is probably a blend of how we both saw it. Either way, the deal fell apart, we were both younger, and both said some things. I haven't thought about it since. Happy to hop on a call to hash things out, if you'd like.
@DanHeimer I don't show that you've ever attended one of my events, but happy to address your claims. I've had about 1,000 people out to my events in the past 18 months, this is the first negative review I've heard. 99.9% of all reviews have been extremely positive. If you were actually at my event, you'd know that 1) I buy at wholesale prices, 2) I buy for cash flow, not for speculative appreciation, 3) we 'create' appreciation by making value-add improvements to properties, and never speculate, 4) I stabilize properties & refi out my investors in 12-18 months, allowing more predictability in interest rates & loan terms than speculating 5-7 years out like most syndicators do, 5) if the market shifts, I'm at a low enough cost basis that I have many options on what to do with the property (hold, refi, sell, etc), 6) once investors are cashed out in 12-18 months, I'm the only one with ongoing responsibility & liability (even though it's a non-recourse loan there is still some liability I take on), 7) I project for increased interest rates (which actually just dropped .25% last week, btw), lower LTVs, and lower valuations than what the market is showing right now, keeping us at very safe levels, and 8) I only buy workforce A & B class apartments (not luxury, not C/D class) which is the most insulated asset class in real estate.I have NEVER publicly pitched a deal, or even pitched a deal in my events. That is an outright false allegation. I have gone over case studies of past closed deals to educate attendees on what a deal looks like, how deals are structured, and provide a big picture.. but I have never ever publicly pitched a deal. And you discredit yourself by saying I raise with a 506B yet I push investors to say they're accredited -- that doesn't make sense, you don't have to be accredited to invest in a 506B. I'm familiar with the SEC rules & regulations, and have multiple attorneys review everything I say & do, to keep things very black & white on how we discuss fundraising. We also record all events, as proof that we don't venture into any gray area.
@KimLisaTaylor -- I am asked to attend REMentor's sponsorship event every year as a sponsor for their students' deals. Jeannie can attest to my character. Rod Khleif is good friend of mine, and I'm an active member of his Multi-Family Boardroom mastermind. Ask him about me. I know Jake & Gino decently well, too. Been on their podcast & met up with Gino when I vacationed in St Augustine last year. All solid organizations. I don't know anything about Vinney Chopra.
@EricChase & @MarkoZlatic & @MatthewRhead -- I appreciate the kind words & support.
Come out to my event or don't come out to my event, it doesn't affect me. 90% of my income comes from doing deals. I do ask that you actually get to know me before passing judgment. Check out any of the value I provide on FB, LI, IG, my own podcast LegacyWealthShow.com, or any of the podcasts I've been on. You'll see I'm all about paying it forward, being transparent & authentic, and inspiring others to create real wealth through holding rental real estate. - Rental Property Investor · Los Angeles, CA · Member since 2019 · 3 posts · 4 votes6y
Tim-love the business model, drive, and willingness to respond intelligently to the haters. Drinks on me next time you are in LA!
- Flipper/Rehabber · Cleveland, OH · Member since 2016 · 133 posts · 69 votes6y
@Tim Bratz Well said!!!!
- New to Real Estate · Argyle, TX · Member since 2017 · 28 posts · 25 votes6y
Originally posted by @Matthew T Rhead:
I have heard of Tim Bratz. I think that he has a very good model. He buys multi-family properties with upside where he is all in at 65%. Once they are stabilized, he refinances at 75% LTV to pay back the investors and have extra capital for the next deal. This is the BRRRR model. He seems passionate about what he does.
I spoke with his syndication attorney, Fadi, today. I want to get involved in multi-family weather I am an LP or GP. Fadi works with the investors. There was no pitch at all. Certainly no pressure.
Tim has a seminar coming to Tampa on November 5, 6 and 7. I am very interested to attend. Usually his tickets can be $5K but you get to bring someone with you. If anyone has interest in splitting the cost, please reach out.
I’ll split the cost if you still wanna go?
- Rental Property Investor · Dayton, OH · Member since 2011 · 54 posts · 12 votes6y
I stumbled upon this post while googling to find the dates on Tim’s next event and had to respond (even though Tims response seems to have shut it down already).
I’ve already been to one of his events (a little over a year ago). I know it’s a little over a year ago because I’m in the process of refinancing the 56-unit apartment building I bought a few months after returning from Cleveland.Ironically, Nathan, I owned about 20 single family rentals when I went there. You’re right though, he didn’t teach me everything I needed to know in 3 days. That event was only 2 days.
I’ll probably be back in Tampa in early November to get more value from Tim and his team.
- Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes6y
Well I had not....but as soon as I read the question, then I had....so can anyone truly answer No to that question, since the question in itself causes a Yes answer?
District Invest Group546 Reviews - Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes6y
@Russell Brazil is that your final answer?
- Member since 2019 · 1 post · 1 vote6y
The gentleman earlier pointed out, rightfully so, that three days in a room with Tim and other high-level investors will not give you all the knowledge and tools to identify, negotiate, structure, finance and, close deals. As well as, manage real estate assets for the long-term. That is why the early part, first three to four months, of the partnership takes the form of receiving training on the processes and systems that Tim uses in his business. There is a one-time investment to partner with Tim. But, that is merely to identify people that view it as an investment and not an expense. Tim and his team invest time and resources with everyone they decide to bring on. There is no upsell. Tim is merely looking for partners to joint-venture with to do more deals. As far as any discrepancies between the exact current value of Tim's portfolio, I can only say these numbers were taken as a snapshot of then current positions. The marketing materials referenced were published on different dates and referenced different points in time. Tim has hundreds of partners with whom he partners, with varying levels of equity interest. Tim is not a "guru" and not looking to develop a business in the "real-estate-education" space.
- Investor · Dayton OH/Cincinnati, OH · Member since 2017 · 30 posts · 11 votes6y
Is anyone going to Commercial Empire event next week?
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