May 23, 2023
In this episode, host Paul Neal interviews Tim Lyons, a successful real estate entrepreneur who made his mark by investing in multifamily properties. Tim’s story is not just inspiring, it’s filled with practical tips and strategies that listeners can implement in their own real estate ventures.
The episode begins with Tim sharing his early real estate experiences. His journey started by investing in a three-family property, doubling his money in two years, and ultimately paving the way for his interest in commercial real estate. Despite initially feeling intimidated by commercial real estate, he recognized the potential and decided to seek mentorship to guide him.
The discussion then turns to the importance of mentorship, with Tim explaining how he paid for a mentor to learn the ropes of commercial real estate. Despite the steep price of $25,000, this step proved invaluable, leading to his first big break: joining a multifamily syndication to acquire a 43-unit property in Pennsylvania during the COVID pandemic.
Tim speaks about the challenges he faced during the pandemic, balancing his responsibilities as a firefighter in Corona, Queens – a hot spot for COVID in New York City – and as a real estate investor. In spite of these challenges, Tim was able to pivot and adapt, ultimately expanding his investment portfolio by partnering on a 148-unit project in Greenville, South Carolina.
Towards the end of the episode, Tim talks about how he and his brother, Greg, launched their own business to fill a void they identified in the market. They realized that people with capital to invest lacked the knowledge, time, and energy required to conduct thorough due diligence on potential real estate investments. This led to the creation of their platform that conducts 'done for you' type of due diligence for potential investors.
To wrap up, Tim discusses how they obtained their Series 82 and Series 63 securities licenses, allowing them to work with a broker-dealer solely focused on commercial real estate offerings. Tim’s goal is to make investing in real estate as accessible and transparent as possible for his clients.
This episode is a treasure trove of information for anyone interested in commercial real estate investing, particularly in multifamily properties. From the importance of mentorship and seizing opportunities, to overcoming challenges and creating a value-driven business, Tim’s journey is sure to inspire and motivate listeners to take action.
Connect with Tim:
Meet the Host: Paul Neal is the founder and Principal Funding Strategist at Vantage Point Commercial Capital, a firm that focuses on helping entrepreneurs, businesses, and real estate investors win by funding their growth and dreams in nontraditional ways.
Paul’s unique perspective has been honed over 30 years as an entrepreneur, financial strategist, professional speaker, and executive coach. He took the road less traveled choosing to leave engineering right out of college to become a serial entrepreneur. From great early successes in the 90s and 2000s, to completely losing his primary business in the Great Recession of 2008, to bouncing back and just recently selling another business for a healthy 7-figure sum…he’s experienced it all. Paul offers a wealth of experience and passion to the entrepreneurial community in an engaging, upbeat, encouraging, and witty way.
Connect with Paul:
Visit his website: https://paulneal.net
Connect with him on LinkedIn: https://www.linkedin.com/in/paul-neal-47b8478
Vantage Point Commercial Capital: https://vpc.capital