BPAP 80: Apartment and Multifamily Investing with 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.

He began his real estate career in 2007 as a commercial broker in NYC real estate market. 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. Tim has learned how to build a passive business and create a residual income that allows him to live the lifestyle of his choice.

Under Tim’s leadership, CLE Turnkey owns over 1,300 rental units across five states and operates one of the largest property management companies in greater Cleveland.

Topics:

Tim's background

How he got into real estate

Focusing on buying apartment buildings

How different commercial real estate is

Two things to have to be successful: deal flow and money

Teaching people to scale up from flipping houses to apartment buildings

Single family versus apartment building

Partnering up

Transitioning from single family to commercial real estate

Implementing the same strategy from single family to multifamily

BRRRR method of single family

On financing

Taking his single family strategies and implementing it into commercial

His team and their functions

Two main skills sets in business:

Technical skill

Business acumen

Where motivated sellers hang out

Analyzing a deal

Quotes:
"There's a lot of money on the sidelines."
"We can only do more by partnering up together."
"You got to be with the right people."