AREI 49: Working 2 Jobs and Still finding Time to Invest In Real Estate with Tim Lyons
How can a person with two jobs start to invest in real estate? There's a lot of ways to begin investing and one of them is with multifamily properties. But most of us with two or more jobs are looking to start to invest but don't know how. In this episode Tim Lyons share his story on how he began his journey in multifamily real estate. Join us and Listen in.
Tim is a 16+ year veteran of the New York City Fire Department (FDNY) and currently serves as a lieutenant in the borough of Queens. Until recently, he also worked part-time as an emergency room RN at a level 1 trauma center. 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 passive income and building wealth.
[00:01 - 02:29] We welcome Tim Lyons to the show
[02:30 - 05:37] Tim's background how he started investing in real estate.
[05:38 - 06:01] The book that sparked the idea to become a real estate investor.
[06:02 - 07:09] Reflecting on changes that has to be done to have more family time?
[07:10 - 17:18] From triplex to Cityside Capital
[19:24 - 26:23] Why should you join a community or a coaching program and surround your self with like minded people?
[26:24 - 35:09] How I overcome the challenges of being far away from my family.
[35:10 - 39:02] Closing Segment
Asking Tim the Adventurous Four
Tweetable Quotes:
Education is one piece of the puzzle and I think everybody wants to have that confidence. Everybody wants to have that clarity. But without the inspired action, the next step of taking that inspired action, there's really no results. And if we needed a PhD every time that we had to make a choice or make a decision or take some sort of action, there would be a lot of indecision in this world." -Tim Lyons
If you don't know why you're doing something, if you don't hold it near and dear to your heart, if you don't think about it and almost perseverate on it every day, like why am I doing this? Why am I going to retire from the hospital making, say $30,000 a year in extra income? To go make $0 a year for the foreseeable future, until I can make a new business venture happen. If you don't have a strong why, if you don't have a strong sense of clarity, then you're not going to make that happen. -Tim Lyons
Until next time... Explore more. Adventure awaits.
