Business
Tim Lyons is the managing partner of Cityside Capital LLC, a real estate syndication and investment company that focuses on residential multifamily real estate that yields a strong return for investors. Tim is also a lieutenant in the New York City Fire Department. Until recently, he also worked part-time as an emergency room RN at a level 1 trauma center. Tim’s initial goal with real estate was to create passive income and in turn, be able to spend more time with his wife and three girls. After partnering on a multifamily property, he saw first-hand the power of real estate investing as an opportunity to create passive income and build wealth for his family. Tim started Cityside Capital with the goal of not only growing his own portfolio but also helping others realize the power that real estate investing can have on creating wealth. [00:01 – 11:17] Getting to know Tim Lyons I talk briefly about great values that await you in this episode I welcome our guest, Timothy Lyons Tim talks about his backgroundHis career as a firefighter and as a nurse Taking action and starting his journey in real estate Getting into coaching programs and masterminds [11:18 – 17:54] Why Syndication? Managing his Triplex through the Covid crisis Why he would not forego the passive income router with syndication Experience with eviction moratoriums because of Covid Syndications Tim has invested in [17:55 – 24:07] Closing Segment Quick break for our sponsors What is the best investment you've ever made other than your education?Investing in myself over the last 2 years The worst investment Tim has ever made What is the most important lesson that you've learned in business and investing?Keeping your word and doing what you say you’re going to do Connect with our guest. See the links below. Tweetable Quotes: “With what I know now about passive income, syndications, and all the opportunities out there. There’s no possible way that I would choose to be a landlord, and to be by myself and forego the passive income route with Syndication.” - Tim Lyons “Just working on myself, my relationships, my health, my family, I think all that when it comes together is a really powerful thing.” - Tim Lyons “At the end of the day, if you’re gonna do something, you just have to commit and take action.” - Tim Lyons Resources Mentioned: Cityside Capital Rich Dad Poor Dad - Robert Kiyosaki BiggerPockets Connect with Tim on Linkedin. Send him an email at tim@citysidecap.com or visit https://citysidecap.com/ LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.