His passion lies in empowering others to achieve financial freedom through strategic investing. We sat down with Tim to delve into his unique approach, the inspiration behind his coaching program, and the secrets behind his success system.
Hi Tim, it's a pleasure to have you speak to us. You've grown so much in your career and inspired so many people to follow in your footsteps. What initially drew you to the world of real estate investing? Back in 1983, I saw a late-night real estate infomercial featuring Carlton Sheets with a program called No Down Payment. I bought that program and knew being a real estate investor was my career path.
Can you walk us through your journey, the challenges you faced, and the strategies you adopted to achieve your first million in real estate? When I started my real estate investing career, I only had $368 in my bank account. I found a mentor who challenged me by saying if I would agree to buy 10 of his single-family rental houses, then he would show me how to raise the money to buy them. Buying 10 houses with only $368 to my name was the biggest challenge of my life. My strategy was to get a mentor who had already achieved what I was desiring to achieve was and still is my #1 strategy for achieving any goal I have in life.
What's the core philosophy behind your coaching program and how does your systemized approach differ from traditional real estate education? Being successful is a mindset more than a strategy. You must "believe" you can achieve it before you have it. My real estate slogan is, "Until you own the 6 inches of real estate between your ears, you won't own any real estate beneath your feet."
What are the biggest misconceptions people have about real estate investing? That you must have money to make money.
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