This week Tim Bratz, CEO of Legacy Wealth Holdings joins the Carolina Capital Management team to talk about numbers on Multi-Family, Buy & Hold.
Legacy Wealth Holdings is 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 brokering commercial leases 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.
Tim’s resourcefulness helped him acquire his first investment property in Charleston, SC in 2009 by using his credit card to buy a duplex. Tim transformed the rundown duplex all on his own and turned a profit on his first deal. He reinvested those proceeds and began seeking private capital to expand his holdings.
Today Tim follows a simple formula to buying real estate: only invest for cash flow, only buy at wholesale prices, and create (never speculate) appreciation through value-add improvements & sweat equity.
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 operators and passive investors to become financially free through commercial real estate.
Tim’s investment companies own over 4,000 rental units across ten states. Tim is a husband and proud father, graduate of the Goldman Sachs 10,000 Small Businesses program, mentor for the Legacy Family mastermind, and active member of several other high-performance national entrepreneurs & real estate masterminds.
Timestamps: 0:01 - Introduction: 0:58 - https://www.CarolinaHardMoney.com 1:15 - https://calendly.com/wendysweet/wednesdays-with-wendy 2:11 - Breaking News 2:29 - Housing numbers are below 7% 2:56 - Unemployment numbers are still getting lower but there are still 10 million job openings 3:21 - Foreclosure numbers are up compared to last year, 2019 4:36 - Today’s guest: Tim Bratz, CEO, and founder of Legacy Wealth Holdings 6:44 - Numbers of Multi-family. Buy & Hold 12:58 - What determines the capitalization rates? 17:34 - Multi-family & storage unit’s forced appreciation 19:47 - How do you appraise your properties? 23:38 - What are the roles of your investors in your fund? 29:55 - Connect with Tim Bratz: https://www.LegacyWealthHoldings.com 32:49 - Next Show: Passive Accredited Investor Show with Fernando Angelucci - https://youtu.be/V0UoX5yFMgw
Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground-up Construction Loans" for investors only in NC, SC, GA, VA, and TN (some areas of FL, as well).
As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management.
