The Wealth Building Combo of Equity and Cashflow with Tim Lyons, Ep 73

Journey to Multifamily Millions

Dec 7 2023 • 44 mins

Today's guest is Tim Lyons, co-founder and Managing Partner of Cityside Capital. He's also a Registered Representative of Phase One Financial Services in NYC, holding Series 82 and 63 licenses. Tim, an 18-year FDNY veteran, sheds light on Cityside Capital's operations, specializing in multifamily, self-storage, and industrial assets.

In this episode,  He provides a detailed peek into how his company operates. From diligent analysis before onboarding potential investors and commercial real estate operators, to specializing in asset classes such as multifamily properties, self-storage, and industrial triple net leases;

As a powerful blend of hands-on experience and professional expertise, Tim shares in-depth knowledge about setting up LLCs, dealing with securities fraud, establishing funds of funds, raising capital, and much more. The conversation reflects Tim's passion for real estate and his firm belief in equity and cash flow.

Episode Topics

[01:20] Meet our guest, Tim Lyons
[02:15] Tim Lyons Shares His Background and Journey
[05:31] The Shift to Real Estate and First Investment Experience
[17:50] Understanding the Value of Time and Prioritizing Tasks
[24:08] The Importance of Material Participation
[30:10] Understanding the Suitability Rule in Investment
[39:17] The Future of Asset Classes in City-Side Capital
[41:02]  What is one red flag every investor should look out for?
[41:31]   What is a myth about the real estate business?
[42:57]   Connecting to Tim

Notable Quotes

  • "I went down this personal growth and development path, and it came down to one word, Tim, and that was equity, actually two words, equity, and cashflow." - Tim Lyons
  • "I was addicted to the tax benefits and the cash flow and having real estate pay me in five ways, I really wanted to get into it more, I just didn't want to be the guy to be the landlord anymore." - Tim Lyons
  • "I wanted a three-family or a duplex or a quad because that was able to qualify for traditional financing 30-year fixed mortgages. I wanted more than one unit because I felt like if one or two units were vacant, I could still have some kind of cash flow coming in." - Tim Lyons
  • "It's not about just being a landlord; you become the property manager, a whole new level of involvement." - Tim Little
  • "People need food, clothing, and a place to live. We believe in multifamily; it's a structural deficit of affordable housing."- Tim Lyons

Connect with  Tim Lyons

👉 Connect with Tim

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