Nov 2, 2020
Today’s guest is Tyler Deveraux,
a multi-family investor, and syndicator from Multi-Family Capital
Partners. At 21, he acquired a student rental property and has been
part of over 100 real estate transactions, including single-family
flips to larger multi-family repositions. He controls assets in
Alabama, Texas, Ohio, and North Carolina. Tyler has been actively
investing in real estate for 13 years and now shares his knowledge
and experiences with new and season investors.
Join us for this episode and
learn more about real estate and overcoming the fear of raising
money.
[00:01 – 05:32] The Beginning of His
Journey
- I
introduce our guest, Tyler Deveraux
- Tyler
shares his life before delving into real estate
-
- His
inspiration is his mother, who, even though they struggle
financially, has approached life with happiness and
laughter
- He
joined the real estate business because he wanted security for
himself and his family and he wanted to help other people
too
[05:33 – 10:33] A Viable Source of Passive
Income
- Tyler
started an internet business in his early 20s and eventually
started acquiring single-family rental properties
-
- He
initially didn’t know anything about real estate, but then realized
it could be a viable source of passive income
- He
met someone from MF Capital Partners, who introduced him to David
Lindahl.
-
- David
Lindahl trains people on real estate business and is the author of
“Emerging Real Estate Markets” and “Multi-Family
Millions.”
- David
Lindahl has an education company that mentors and walks people
through multi-family acquisitions
- Eventually, David asked him to be a trainer
himself of Fundamentals of Multi-Family Investing, which he has
been teaching the last couple of years
- Tyler
talks about willing to coach and mentor people about multifamily
acquisitions
[10:33 – 23:55] From Single to Multi-Family
Properties
- Tyler
talks about his first multi-family acquisition; a 20-unit deal at
Birmingham, Alabama.
- He
has a third-party management team to manage his businesses for
him
-
- He
was self-managing before for his single-family
properties
- Third-party management is a “game-changer” for
bigger properties and provides a better experience for
tenants
- Tyler
then acquired a 75-unit property in Austin, Texas, together with
his coach and sponsors.
- He
grew into the business after following his coach’s
advice
-
- Reach
out to people to know their needs.
- Tyler
discusses briefly the significance of syndicating your
deals
[23:56 – 34:30] Overcoming the Fear of Raising
Money
- Tyler
shares an advice about raising money
-
- Get
an investor into your transactions and take care of
them.
- You
don’t have to convince people that real estate is a good business.
Most of the time, you’re teaching them.
- Tyler
encourages his peers to reach out to more people
-
- Rejections and failures are part of the
process.
- Tyler
shares how important an elevator pitch is.
-
- An
elevator pitch briefly discusses what you offer.
- Be
clear on your message and on what you do.
[34:31 – 38:49] Closing segment
- If your grandkids and great-grandkids want to
write a book about you, what would that be?
- “My
Great Grandpa was Super Bitching”
- Tyler
wants to be remembered as happy, energetic and giving
- Connect with Tyler. See the links
below
Tweetable Quotes
“As long as you’re
putting people first and taking care of people…everything works out
how it should. People first and everything falls in
line.” – Tyler
Deveraux
“The key to acquiring wealth
is providing value.” –
Tyler Deveraux
“You cannot be successful
without experiencing some failure.” – Tyler Deveraux
Resources Mentioned:
You can connect with Tyler
Deveraux on his social media platforms, LinkedIn, Facebook, and Instagram or email him at tyler@mfcapitalpartners.com.
Visit their website, Multi Family Capital
Partners, and their
social media accounts: LinkedIn, Facebook, and
Instagram.
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To know more about me and all
the real estate opportunities you can find, you can connect with me
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and book a call with me.