Adam Torres and Tyler Deveraux discuss real estate investing.
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Show Notes:
Real estate investing is the path many have taken to achieve financial freedom. In this episode, Adam Torres and Tyler Deveraux, Co-Founder & CEO of Multi Family Capital Partners & The Multifamily Mindset, explore real estate investing and Tyler’s new book, Mission Matters: World’s Leading Entrepreneurs Reveal Their Top Tips To Success (Business Leaders Vol. 9, Edition 7).
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About Tyler Deveraux
Tyler Deveraux is a sought-after international speaker, 9 figure Co-Founder & CEO of MF Capital Partners and Multi Family Mindset, an education company providing investors with guidance to acquire properties. With over a decade of experience in the speaking circuit, Tyler has shared the stage with some of the most widely regarded speakers in the personal growth and entrepreneurship space such as Ed Mylett and Inky Johnson and has taught and inspired hundreds of thousands of investing students to take risk, invest in themselves and find family balance while being a high-performing professional.
Overall Summary
Tyler Devereaux, a real estate investor, shares his journey to financial freedom and his mission to help others achieve the same. He emphasizes the importance of thinking bigger, having faith, and creating value in order to achieve wealth. Tyler reflects on his own experiences and highlights the role of mentors and mindset in his success. He discusses his companies, Multi-Family Mindset and Multi-Family Capital Partners, and how they focus on educating and helping investors get into apartment buildings for generational wealth. Tyler also discusses the challenges and factors that prevent people from thinking big in real estate investing, such as self-doubt and fear, and encourages breaking free from those limitations. He shares his threefold strategy for success, which includes thinking bigger, having a strong deal flow, and working with a dedicated operations team and investing partners. Additionally, Tyler mentions his podcast, the Multi-Family Mindset Podcast, which focuses on discussing the mindset needed for success in multi-family real estate investing. He also discusses a recent real estate deal in Warner Robins, Georgia, highlighting the opportunities it presents despite challenges. Overall, Tyler emphasizes the importance of faith, education, mindset, and creating value in real estate investing.
Multi-Family Mindset and Multi-Family Capital Partners
Tyler shares his mission, which is to help people obtain financial freedom, as he believes it provides massive peace of mind. He discusses his two major companies, Multi-Family Mindset (an education company that helps people take ownership of their lives) and Multi-Family Capital Partners (an investment company that helps investors get into apartment buildings for generational wealth). Tyler reflects on his own journey to financial freedom, mentioning that he started from a place of financial hardship and became curious about wealth. He eventually found multi-family real estate, which he went all in on and considers one of the best decisions he’s ever made. (00:00:00)
Real Estate Investing and How Mentors Played
Tyler Devereaux discusses his journey in real estate investing and how mentors played a crucial role in his success. He emphasizes the importance of thinking bigger and creating value in order to achieve wealth. He shares that his motto is to “invest with Aloha,” which means to see the god in others and breathe life into them. He believes that providing opportunities and layers of opportunities not only benefits those directly involved but also creates a ripple effect of opportunity. When asked about what holds people back from thinking big, he believes that sometimes people are limited by their own perception of what is possible and encourages them to break free from those constraints. (00:05:00)
Self-doubt and The Influence of One’s Environment As Key Factors
The speaker discusses the challenges and factors that prevent people from thinking bigger in their real estate investing endeavors. They mention self-doubt and the influence of one’s environment as key factors. The speaker emphasizes the importance of having confidence, which stems from faith and believing in a higher power that supports their ambitions. They also touch on the role of fear, which leads many individuals to focus on what they don’t want instead of what they do want. The journey towards success in real estate is portrayed as a gradual process that requires continuous growth and upskilling. The speaker emphasizes the need for self-improvement and taking incremental steps to turn opportunities into blessings. (00:10:00)
Faith and Delayed Gratification
Tyler Devereaux reflects on their real estate investment journey and emphasizes the importance of faith and delayed gratification. They talk about how investing in real estate is a long-term endeavor that requires continuous investment and patience. They mention their focus on acquiring assets that exceed liabilities and their desire to set up their family for the future. The speaker also discusses the process of building their real estate company, starting with individual syndications and eventually transitioning to a fund model. They highlight the importance of taking care of investors and offering them favorable terms to gain a track record. However, they express their belief that structuring a fund should not be about hoarding wealth but rather about serving and helping others achieve financial freedom. (00:15:00)
Threefold Strategy For Success In Real Estate Investing
In the podcast, Tyler discusses their threefold strategy for success in real estate investing. They attribute their success to thinking bigger, their deal flow, their operations team, and their investing partners. They emphasize the importance of teaching their systems to others and how this allows them to generate deal flow and cherry-pick the best opportunities. They also mention their loyal group of passive investors and the impact it has on their credibility. The speaker highlights their large operations team who are dedicated to the business, as well as the active and successful nature of their education side. They compare their strategy to that of another leader in a different industry and emphasize the importance of having a genuine desire to teach and give. Overall, they credit their success to their commitment to teaching, their reputation, and their ability to deliver for their investors and students. (00:20:00)
Educated People on Investing
Tyler Devereaux mentioned that they never thought the education aspect of the event company would impact their investment side, but as they educated people on investing, it built confidence and trust in their knowledge and abilities. The speaker emphasized the importance of having experienced individuals teach and share their knowledge, as they have gone through the challenges and can offer practical insights beyond what can be learned from books or courses. They also discussed the value of mindset in real estate investing, explaining that having the right mindset is crucial for recognizing opportunities and not letting fear hinder progress. The speaker then introduced their podcast, called the Multi-Family Mindset Podcast, which focuses on discussing the mindset needed for success in multi-family real estate investing. (00:25:00)
Filling the Demand For Affordable Housing
The threats and challenges in the current market climate, such as the lack of affordable housing and risky investments in the stock market or crypto. The speaker emphasizes their mission to help families thrive by getting them out of risky investments and into US-based apartment buildings. They address common concerns about tenants and emphasize their commitment to taking care of tenant-related issues for their investors. Despite the challenges of finding deals, the demand for rental properties remains high, especially with millions of Americans being priced out of the housing market. The speaker mentions operators who are filling the demand for affordable housing and talks about a deal they recently acquired in a pre-foreclosure situation. (00:30:00)
A Real Estate Deal in Warner Robins, Georgia
There is a real estate deal in Warner Robins, Georgia, where they were able to negotiate a pre-foreclosure purchase price for a property with 114 units. The building had a leak that caused a water shortage for weeks, but the city of Warner Robins had to get involved because the seller neglected to address the issue. Despite the problem, the speaker sees it as an opportunity for potential profit and stability. They mention that Warner Robins is currently experiencing the largest population growth in Georgia’s history, making it an attractive location for real estate investment. They also emphasize the importance of solving problems and creating value for both tenants and the community. Overall, the speaker is grateful for this deal and excited about the potential it holds. (00:35:00)
