If you are looking to create residual income, achieve financial freedom, or give your apartment building portfolio a boost, this episode is going to give you a lot of value! In this #Highlights episode, we look back at our conversations with Rodney Miller of Miller Investment Group and Tim Bratz of CLE Turnkey Real Estate.
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Rodney shares how he’s become successful in managing single-family homes and creating passive income from multifamily units. Meanwhile, Tim shares how he shifted from renovating residential houses to renovating apartments after realizing that’s where the majority of his net worth came from. Click the play button now and be inspired to kick start your real estate journey today!
Key Points From This Episode:
- Rodney talks about the process of how he learned the multifamily syndication business.
- The importance of finding a mentor and networking to grow your business.
- Rodney discusses a deal that fell through and how he was able to overcome it.
- The real estate business is a relationship business and a close-knit group.
- Why do you need to treat everybody with respect?
- Tim shares his background and his focus on the real estate industry.
“Go find somebody that’s doing what you want to learn how to do or find a group of people that are doing it. Join the group, work for somebody that’s doing it or pay somebody to show you how to do it. It’s the quickest way to get from A to Z.” – Rodney Miller
“This business, it’s definitely a relationship business and it’s a close-knit group of people.” – Rodney Miller
“You should treat everybody you deal with with respect. Do what you say you’re going to do because they can come back to bite you.” – Rodney Miller
“The reality is my net worth, what was making me wealthy was all from my apartment building portfolio. That’s where the majority of the net worth came from. That’s where I wanted to focus on.” – Tim Bratz
“Obviously passive income, doing something, being hands-off and having their business that was passive or an asset that passively created income on a regular basis. I love that but a lot of us get into real estate for that allure. We get jammed up and stuck in that rat race of transactional deals.” – Tim Bratz
Links Mentioned in Today’s Episode:
About Rodney Miller
Rodney Miller is an active real estate investor with over 200 transactions since 2003. He is the CEO of a chain of medical clinics in Oklahoma City. He also owns and manages over 100 single-family homes, is a key principle and sponsor in 284 multifamily units, and is a passive investor in 305 Multifamily units.
About Tim Bratz
Tim Bratz is the CEO and founder of CLE Turnkey Real Estate, a real estate investment company that acquires and transforms distressed commercial and apartment buildings into high-performance investment assets.
Tim began his real estate career in 2007 as a commercial broker in the competitive NYC real estate market, where he saw the true potential of investment real estate to transform personal finances and provide financial freedom.
He spent time reading, attending workshops, and networking with accomplished entrepreneurs, and found that being resourceful was a cornerstone to becoming successful. Tim’s resourcefulness helped him build his first real estate company in 2009 in Charleston, SC, when he used a credit card to acquire his first property.
Tim transformed a rundown duplex all on his own and turned a profit on his first deal. He reinvested those proceeds, meanwhile seeking private capital to expand his growing company. Today Tim still uses this formula for success, which all starts with being resourceful and having the right mindset. Working in real estate, Tim has learned how to build a passive business and create a residual income that allows him to live the lifestyle of his choice.
Tim now focuses on educating and empowering active and passive investors to become financially free through commercial real estate. Tim’s investment companies own over 2,000 rental units across five states. Tim is a husband and proud father, mentor for The Advisor’s Council Mastermind, graduate of the Goldman Sachs 10,000 Small Businesses program, and active member of several high-performance national entrepreneur masterminds, including Collective Genius, Deal Maker Family, The Brotherhood, and Multifamily Boardroom.
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