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    Cash Flow Connections - Real Estate Podcast

    Breneman Blueprint Podcast Ft Tyler Lyons [Part 1] - E832 - TT

    Tue Apr 02 2024
    Real EstateInvestingPodcastingSyndication

    Description

    The episode covers a real estate conference in Salt Lake City, starting a podcast, transitioning to real estate, syndication, insights on investing, transitioning to full-time real estate, and choosing the right market for real estate investments.

    Insights

    Facing Fears in Entrepreneurship

    Both Tyler Lyons and the host discuss the importance of facing fears in entrepreneurship and personal growth.

    Podcasting and Real Estate Transition

    Starting a podcast can help improve communication skills and public speaking abilities. Transitioning from a corporate career to real estate involves self-reflection and exploration.

    Journey in Real Estate and Syndication

    The speaker initially explored real estate through self-education and investing in a duplex property. After experiencing success, they shifted focus to scaling up in commercial real estate. During challenging times, syndication became an exit plan from their day job. Despite initial failures, further education and mentoring led to joining ASIM Capital and leaving their day job.

    Investing and Transitioning to Full-Time Real Estate

    Putting yourself out there and building skills can lead to significant opportunities. Preparation is key for success. Investing in oneself and gaining experience are crucial steps towards achieving goals. Transitioning from a corporate job to full-time real estate requires dedication and preparation. ASIM Capital shifted focus to buying their own deals as the lead sponsor. Choosing markets that are landlord-friendly, business-friendly, with job growth and population growth is important for multifamily investments.

    Choosing the Right Market for Real Estate Investments

    Phoenix stands out due to predictability of non-controllable expenses like property taxes and insurance costs. It has lower insurance costs and is less affected by natural disasters compared to other states like Florida and Texas.

    Chapters

    1. Real Estate Conference in Salt Lake City
    2. Starting a Podcast and Transitioning to Real Estate
    3. Journey in Real Estate and Syndication
    4. Insights on Investing and Transitioning to Full-Time Real Estate
    5. Choosing the Right Market for Real Estate Investments
    Summary
    Transcript

    Real Estate Conference in Salt Lake City

    00:00 - 06:16

    • The real estate conference in Salt Lake City aims to help investors navigate real estate strategies for better returns.
    • Tyler Lyons, Chief Investment Officer at ASIM Capital, shares his experience speaking at a commercial real estate conference focused on raising capital.
    • Lyons overcame fear of public speaking through Toastmasters and recommends 'Feel the Fear and Do It Anyway' by Dr. Susan Jeffers for entrepreneurs facing fears.
    • Both Lyons and the host discuss the importance of facing fears in entrepreneurship and personal growth.

    Starting a Podcast and Transitioning to Real Estate

    05:56 - 11:48

    • Starting a podcast can help improve communication skills and public speaking abilities.
    • Podcasting requires commitment in terms of time and effort to consistently produce content.
    • Transitioning from a corporate career to real estate involved self-reflection and exploration.
    • Discovering real estate through resources like podcasts and blogs, such as BiggerPockets.

    Journey in Real Estate and Syndication

    11:27 - 17:59

    • The speaker initially explored real estate through self-education and investing in a duplex property.
    • After experiencing success with cash flow from real estate, the speaker shifted focus to scaling up in commercial real estate.
    • During the challenging times of COVID-19 and career setbacks, the speaker turned to syndication as an exit plan from their day job.
    • Despite initial failures in syndication, the speaker sought further education and mentoring, eventually leading to joining ASIM Capital and leaving their day job.
    • The speaker's journey highlights the importance of networking and being open to opportunities for significant leaps in business and personal life.

    Insights on Investing and Transitioning to Full-Time Real Estate

    17:29 - 23:46

    • Putting yourself out there and building skills can lead to significant opportunities in business and personal life.
    • Preparation is key for success when opportunities arise.
    • Investing in oneself and gaining experience are crucial steps towards achieving goals.
    • Transitioning from a corporate job to full-time real estate investing requires dedication and preparation.
    • ASIM Capital shifted focus from being an equity partner to buying their own deals as the lead sponsor.
    • The decision to focus on multifamily real estate was based on past investment performance and favorable market characteristics.
    • Choosing markets that are landlord-friendly, business-friendly, with job growth and population growth is important for multifamily investments.

    Choosing the Right Market for Real Estate Investments

    23:19 - 27:17

    • Phoenix stands out due to predictability of non-controllable expenses like property taxes and insurance costs
    • Phoenix has lower insurance costs and is less affected by natural disasters compared to other states like Florida and Texas
    • Choosing a market to focus on should consider personal preference as spending a lot of time there is necessary for success
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