Aileen (00:01):

Thank you, everyone for joining today’s episode of the, how did they do it? Real estate podcasts. We are your hosts Seyla and Aileen and today’s guest. We have Tyler Chesser. Tyler is the co-founder of CF capital, a real estate investment firm, which focuses on acquiring and repositioning multifamily assets in the Southeast United States provides institutional quality services to the residents and outsized returns to investment partners. Tyler is also the founder and president of the Chester companies, which provides its cornerstones of exceeding value through high performance coaching and consulting for real estate investors. Additionally, Tyler is a creator and host of elevate podcasts, where he dissects the elements of exceptional achievement and lifestyle design with the focus on personal growth and real estate investing. We’re really excited to have you on the show today. Tyler, how are you doing?

Tyler (00:46):

I’m doing wonderful. How are you guys? Thank you so much for having me.

Aileen (00:50):

We’re doing really well. Thank you so much. We really appreciate you making the time to join us today.

Tyler (00:54):

Oh, it’s my pleasure. And like I was saying before we started recording, you have beautiful smiles, so that always helps me. So I’m looking forward to a great conversation today.

Aileen (01:04):

Awesome. So can you please share a little bit more about your background and how did you get started in real estate?

Tyler (01:10):

Absolutely. Yeah, it was interesting because I never intended to be in real estate. I really didn’t. And as I started my professional career, I really actually started in marketing because that’s what I was always fascinated with. I was always fascinated with, you know, consumer behaviour and the reasons why certain brands had a certain value while others had a different value. And so it was always fascinated with psychological aspects of business and trends and just really at the end of the day, human decision-making and how that sort of played into a large scale of business. And so that’s what I started my career doing. And I learned very quickly that, you know, that passion that I had is still persist because I’m always curious about that. I’m still very curious about that, but I wasn’t, you know, super excited about the political aspects of riding the corporate ladder.

Tyler (01:58):

And I got a little bit frustrated and discouraged when I recognized that perhaps it was going to be more of a political game than an effectiveness game in the corporate world. And as I, you know, sort of got entrenched in my career, I started to look around and say, Hey, you know, is this really the path for me? Is this really, you know, the, the, you know, the, the 30 year trajectory that I want to take. And ultimately I answered that question over the course of a few years and said, no, you know, that’s not what I wanted to take. And ultimately, long story short, I started to, you know, ask others, you know, what else could I do? And I never really thought that I would become an entrepreneur to be honest with you. I never, I definitely never thought I would get into real estate, but I decided that, you know, I wanted to take a different path because the first thought that I had in my mind was, Hey, I’m going to dust off my resume.

Tyler (02:46):

And I’m going to find a new organization to become a part of, but ultimately I decided to get into real estate. And I actually got into real estate originally by selling homes, by selling houses. And because, you know, I looked around and to me, real estate was about single family homes. That’s all I knew. And as I got entrenched in selling houses, I recognized very quickly that, you know, selling houses and selling single family houses was a great way for me to get my foot in the door to really understand the transactional nature of the real estate business. But it wasn’t where I really wanted to be long-term. So I made another pivot and I started to understand more about commercial real estate. And so I started selling commercial properties. And so I, then I built a commercial real estate brokerage business, a boutique firm.

Tyler (03:30):

And we started doing business with regional investors and national investors and folks really all over the world. And, and it really thrived. And what I did thereafter, you know, is I became very immersed in personal growth, learning about how can I optimize my own health and optimize my own human performance and be a high performer and someone who could manage their own stress and manage their own emotions, as well as influence other people and really build great relationships and leverage systems, but also, you know, maximize capital, you know, accumulation and create wealth for myself, for my family, for the people that I care about. And of course, you know, come across the teachings of a man called Robert Kiyosaki. And if anyone knows about Robert Kiyosaki, which I would imagine many of your listeners do, you know, it’s simple, but profound teachings of rich dad, poor dad really changed my life.

Tyler (04:21):

And you know, of course I’m selling assets, I’m selling properties that are generating cashflow that are generating so many different wealth creation benefits. And I didn’t recognize that I wasn’t taking, you know, advantage of these opportunities in front of me. And so I started to invest in multi-family real estate, you know, about three years into my real estate entrepreneurial journey is when I started investing. And so that’s when I really started to learn how to not only build a team build systems and create opportunities, but also to overcome more challenges and to really grow. And so, you know, that’s kind of been my trajectory myself, but, you know, I look back and say, Hey, the dots connect perfectly when I look back, but you know what, it’s always a journey that we don’t really know what the next day provides, but what I’ve learned is that if I show up and if I give my best, then you know, it will all work out in the, in the end.

Aileen (05:12):

Thank you so much. So you mentioned earlier that you started, you started your real estate journey starting to sell single family homes. At that point, were you still working your W2 jobs still, or did you fully transition over what was that step like?

Tyler (05:28):

Yeah, I was actually thank you for asking that I was actually doing this on the side because I wanted to make extra money at first. Right. That was the first thing, the first thing for me, like, and I didn’t intend to be an entrepreneur because I was like, you know, what, if I get my license, I can sell some houses here and there can make some extra money maybe that can give me some choices and some options then, and I’ll choose what I want to do next. And as I started to sell properties, I learned how to build a business by referral. And I started to build relationships and deliver beyond expectations. And what I was learning really was how to apply those principles towards, you know, building a larger business in a more profound business. And as I went, I was actually referred to a group that had a portfolio of properties of commercial properties.

Tyler (06:12):

You know, they were retail, they were office and multifamily properties. And I was actually referred to this group that owned this entire portfolio that needed, you know, they wanted to sell their properties and they needed a young, you know, hustle or really somebody that could beat the streets and someone that could really, you know, work these properties because some of the properties were truthfully challenging. You know, they had problems, they had issues that needed to be resolved for successful sales to happen. So it made sense for them to find someone like myself, who wasn’t hugely established at the time. And it was a total blessing for me, but I was able to build this referral base that then brought this opportunity. I was open to the opportunity and ultimately took it and kind of, you know, jumped off a ledge and said, hey, you know what, at this point, now I’m going to go full-time in this business, which was really less than a year from when I started doing real estate on the side. So it was such a blessing. But I did start, you know, on the side like that.

Seyla (07:07):

Awesome. So, Tyler, at what point did you decide to leave your W2 and do real estate full time?

Tyler (07:14):

Yeah, it was a little less than about a year after I you know, really got my real estate license and started building that business. So when I did jump off completely, you know, it was very busy. It was very exciting. It was actually one of the most exciting times in my career. I learned so much. I remember I was showing properties left and right, because I had, you know, tens of millions of dollars’ worth of properties listed for sale. And you know, what I was learning on the fly, I was figuring out, you know, what are investors looking for? You know, what are, you know, what, what risks are they willing to assume for the upside that they’re looking to accomplish? And so it was a great period of time, but you know, it was about, I would say it’s a little less than, than a year after I made the decision to become involved in real estate.

Tyler (07:58):

And then from there, you know, I had to learn how to build systems, how to build a team and how to be an entrepreneur, how to manage the ups and the downs of the real estate business. Because, you know, it’s not always smooth. Right. You know, it can be challenging and it’s different than having an expectation of a two week pay check every two weeks. Right. You have to eat what you kill and that’s sort of the mentality that I had to develop. And it took me some time, but it’s a blessing looking back for sure.

Seyla (08:24):

So Tyler, can you walk us through your first multifamily apartment dealers and you mentioned your touch base about challenges and what challenges did you have and how did you overcome?

Tyler (08:36):

Absolutely. And I’ll tell, I’ll tell you about the first deal that I invested in, because I think that one was more profound. I think a lot of times on the brokerage side previously, when I was very, very active on the broker side, you know, it’s, there are challenges that you always sort of overcome and sort of advice clients to overcome, but I will tell you that, you know, when you have to really stick with a deal and overcome these things, as you know, it can be much more challenging because, you know, after the closing table is really when the fun starts, as they say. And so the first deal that I invested in as a multi-family investor was an eight unit apartment building. And I was blessed to experience everything that I did. And I believe that I had, you know, many of the challenges, you know, and that you can really experience it.

Tyler (09:20):

Of course, we always find that there’s always a new challenge. But the first deal I did was eight units. And, you know, I looked at it as a value add deal, but really looking back, it was more of a distressed deal. It actually had you know, tremendous amount of capital expenditure and improvements that were needed and required beyond surface level, beyond, you know, cosmetics. And I expected some of that, but it really came at me, you know, to a much higher degree than, than really I expected originally beyond that, you know, I had a tenant base that was extremely challenging in many different ways. I had many different non-performing tenants that, you know, were very challenging. And I had to go through eviction process with at least 50% of the asset very, very quickly. And, you know, a lot of the renovations that I had expected to occur, you know, over the course of a year to three years really came at me within the first three to six months.

Tyler (10:14):

And so it was a very challenging winter. I will tell you, it was a very, very challenging because I closed. I remember I closed in October and over the course of that entire winter, you know, I almost turned over the entire property. And so, you know, it was managing the construction team. I was managing, you know, the tenant base. I was managing all of these things. And of course, you know, absorbing just the little tasks of rent collection, you know, tenant communication coordination, whatever it is. I mean, there were so many different things. And then of course the unexpected that would come up, right. You know, you get the call because I was actually managing the asset myself at the time and my team was not as robust as it needed to have been. So there was a lot of things that I learned and, you know, looking back, I mean, obviously there’s so many different things that I could’ve done better, but I think taking action and getting into that was almost like the real-world learning experience that I needed.

Tyler (11:05):

And I continue to learn something new every single day. So I’m open to those new learning opportunities, but I will tell you, you know, there was definitely sleepless nights. I mean, there was times where I felt, wow, how are we going to make this? How, how am I going to going to pay the bills the way that I should, you know, when I have so many different evictions happening at one time, so many different renovations that are occurring, you know, higher than I expected and earlier than I expected. So very, very challenging, but I think they were all blessings in the end.

Aileen (11:32):

You mentioned a little bit about systems and how you’re able to utilize those systems in your single family. Did you utilize a lot of those when you went to that, that eight unit apartment and what kind of systems helped you keep saying basically,

Tyler (11:47):

Well, you know, I didn’t originally to be honest with you, I was, I was, you know, trying to, but I don’t think, I think was so overwhelmed that I didn’t, and ultimately, you know, for the first six months I managed it myself after that time, I said, you know what, it’s time for me to exit property management and, you know, a hired third party, property management. And you know, of course at that point, then I stepped into the role of being an asset manager and being more strategic you know, visionary, because that’s what I consider myself more than an integrator. If any of your listeners have read the book traction, you know, the difference between a visionary and an integrator. And of course there’s many components as a real estate investor, you’ve got to wear so many different hats, right. And for me, the system that was needed was a tried and true management process.

Tyler (12:30):

And so I brought in a management team and really oversaw the details there. And obviously, you know, from a renovation and a repositioning standpoint after the first six months, which were extremely challenging, we finally got the property to a stabilized perspective. And then we could really systematize, you know, our marketing, our bookkeeping, our maintenance, our, you know, thinking ahead, it’s like, what can we do to be proactive on maintenance and, you know, property improvements otherwise. So, you know, from that vantage point, it was, it was like almost had to absorb all these things to develop the systems on the fly, you know the visual that people talk about where an entrepreneur you’d jump off the ledge and you build the plane on the way down. It’s really almost what we did there. And so there’s so many different systems that I’ve created since, and I believe systems are highly important.

Tyler (13:18):

And, you know, one of the reasons why I love multi-family real estate is because it’s a system in itself, right? It’s a wealth creation system, it’s a cashflow system, but you’ve got to apply, you know, the principles you’ve got to apply, you know, these things on a daily basis. And you know, it is all about developing your team and delegating and elevating is what I like to say, because, you know, you can’t do everything. And, but I do think there’s a lot of value in touching each piece and having a, at least a, an acute understanding of what it takes to be successful in each different portion of the business.

Seyla (13:51):

Oh, it’s. And how, how have you been able to build up your team and relationships with different types of team members like brokers, investors, and other real estate professionals out there?

Tyler (14:02):

Yeah, absolutely. And as a broker, you know, I think I’ve got a unique perspective and a unique vantage point with developing those types of relationships, because I know, you know, I know what, what works and what doesn’t. And so that’s one that’s extremely important in terms of continuing to build out sort of our portfolio is to develop the deal facing individuals for our relationships. And so for us, you know, myself and my business partner, we kind of divide and conquer. And you know, what we do is obviously we have a, we actually have a master broker list internally that we review based on the markets that we’re focused on. And we always try to touch those, you know, touch them in terms of a call or an email on a periodic basis to make sure that we stay top of mind. And so that’s very, very important to us in terms of, you know, the rest of our team, whether it’s insurance, whether it’s legal, whether it’s property management, you know, obviously those are all sort of a little bit of a different approach.

Tyler (15:00):

And it depends on the activity that we have as to what our touch points are, but we always try to remain close with our team. We always try to, you know, show them that we care about them. Hey, what can we do to help you? Is the question that we always ask, you know, because there’s always, you know, people are, are willing to provide opportunities to us, you know, but that has to be reciprocated. And that’s something that we find very, very important to really deposit into relationships. So whether you’re, you know, an admin on our team, you know, our executive assistant, we want to know what we can do to make your experience great. What can we do to help you? And the same thing that goes for marketing, I mean, you know, we do a podcast like you guys do, and, you know, we want to make their experience amazing so that they want to continue to show up and, and really, you know, support the mission that we’re looking to accomplish, like our, for CF capital, our company, our tagline is elevating communities together.

Tyler (15:53):

And it’s about doing something great. Not only for, you know, ourselves, for our investors, for the families that our investors have for the community that we’re investing in for the team that’s supporting the onsite, you know, management for the cities that we’re investing in. So, you know, it’s about a vision bigger than ourselves that we have to communicate that to other people and show them that we care about them. And then of course it’s about holding people accountable, but it’s also about giving people the tools that they need to succeed. And so that’s sort of the approach that we take, but I’m happy to go into detail on any of that.

Seyla (16:28):

Awesome. And Tyler, you mentioned you are also a brokers. Will you be able to share some advisors, especially for new real estate investors? How can they set themselves apart to the brokers and make themselves attractive to the brokers?

Tyler (16:45):

Yeah, absolutely. You know, as in my former life of being a broker, you know, one thing that really stands out to me is that, you know, people are always just looking for people who can execute people who can get it done. And, you know, ultimately at the end of the day, a broker gets paid when a deal gets done and most brokers are nice people and they want to help you. And ultimately their time is limited and valuable. And so at the end of the day, you have to show brokers that you’re not only easy to work with and you’re realistic and you understand what’s going on in the marketplace, but you can also get it done. And so one thing I would recommend any new investor is to find someone who’s got a track record, find someone who has experience and who has proven success in the marketplace and align yourself with them.

Tyler (17:29):

And you can actually show brokers and say, Hey, look, I know that, you know, you’ve been working with all these other groups for the last 15 years, and you’ve had so much success. I’d love to earn your respect. I’d love to earn the opportunity to work with you and how I’m going to do that is I’m actually partnering with whatever group. And, you know, you can always together a document that shows yourself with this group of a great track record and show what the opportunity is to work with you. And at the same time, it’s about being quick. It’s about being responsive because you know what, it can be an extremely competitive business. But I think it’s important to show that you can stand out. And also beyond that, if you can show that you’ve got a proof of funds, if you’ve got, you know, a you know, a debt letter from your lender, from your mortgage broker, from your regional or local bank, you know, all of those things really help set you apart because you know what, anybody can put a letter of intent together. Anybody can put, you know, a purchase offer together, but it’s a matter of what are you doing to go the extra mile. So that’s what I would recommend to folks to really show, Hey, you know what, I’m easy to work with and I’m capable of making this happen.

Seyla (18:39):

I really like it. And thank you for sharing all the advisers. And I really like your company tagline, you know, elevate the communities together. And what can you walk us through? What has been the most challenging things that you have to overcome in building the company up and what was the inspiration of finding the company?

Tyler (19:01):

Absolutely. Yeah. You know, there’s so many challenges to be honest with you, but I will tell you that I don’t nor do, does my business partner really lament on the challenges. We don’t really dwell on them because you know, to us, we think of challenges as, you know, calling card that we’re, we’re in, we’re going in the right direction and fear and uncertainty and doubt and discomfort. Those are always calling cards for us, because if we can go head straight into those challenges, you know, not only, you know, is that really what’s going to get us to our goals, but that creates better individuals within ourselves. And we know that the better that we can become the better that we can serve other people. And so ultimately the thing that we love about multi-family real estate is that, you know, it provides practicality. It’s, it’s a vehicle towards creating an outcome that we want in our life, right.

Tyler (19:49):

We love, you know, the ability to travel, to build a lifestyle, to design our life, because, you know, it’s something that myself and my business partner, you know, we were never really taught growing up. You know, we came up from a middle-class sort of background that we, we never really knew that you could actually design a life. We thought it was all about, hey, go to school, get good grades, and get a good job. And then maybe when you’re 65, you’ll ride off into the sunset and be retired. And so when we learned that real estate was a vehicle towards creating anything that you want in your life, as well as helping other people, we became very, very passionate about real estate. And so that’s why we created this company. And so, you know, that’s really been the whole vision for us is that we can elevate communities together.

Tyler (20:32):

You know, it’s a mutually beneficial thing. Like when I think about negotiating deals, it’s all about how can we create a win-win, how can we, how can everyone win right here? Because if that’s the case, then everyone’s going to want to do another deal together. And it’s the right thing to do as human. And so for us, you know, creating this company has been a mutually beneficial thing. And so, you know, we’re really inspired to see what happens next, but I will say that, you know, the continual challenges, you know, going back to the original question, you know, we don’t dwell on them, but you know what it is very competitive. But we continue to really kind of raise the bar by just being who we are showing up every single day and doing our very, very best and, you know, looking back and saying, you know what, we’re going to control what we can control and everything that’s out of our control. We’re not going to worry about that. And we’re just going to keep moving forward.

Aileen (21:21):

Yeah. And what they always say about, especially in this real estate syndication businesses, it’s that it’s a team sport. So when everybody does well, we all win.

Tyler (21:29):

Absolutely. No, that’s a great point. And a team sport is so, so important. And so for us, it’s about developing deep, lifelong relationships. You know, what can we do to really help you succeed? And what is it that you’re looking to accomplish? And so thinking of our legal team, thinking of our property managers, thinking of the people that are on our own internal team and saying, hey, you know, what are you looking to create with your life? Because it’s not just about work. It’s not just about, you know, what are you doing to help us make more money, but it’s about, Hey, what can we do to make you have a great life as well? And so I love that. Thank you for saying that.

Aileen (22:04):

Thank you. And also so you also have your podcast, which is also called elevate. And so we really actually, it really liked the name of your podcast. And so can you elaborate a little bit more on what it means to elevate and to live a life without limits about what your podcast is about?

Tyler (22:21):

Yes, absolutely. So when I got into real estate, you know, like I was telling you about like the first deal specifically and ongoing, you know, as I got started, like, I didn’t know much about real estate. And so I had to learn it. I had to go out and find information. I had to go dig and I also had to learn how to manage my own emotions. I also had to learn how to, you know, become a better negotiator, how to become a better communicator, how to become a better marketer, more effective, you know, network builder and all these different things. And so I had to learn how to be, multi-faceted how to be multi-dimensional. And I ultimately became more and almost mostly obsessed with that because that’s what allowed me to create more opportunities for other people, for myself, for my family. And so that’s what I became so obsessed with.

Tyler (23:07):

And so elevate is all about personal growth and real estate investing. And really, you know, it’s like what Tony Robbins says, 80% of your success in anything is your psychology and 20% is the strategy or the mechanics. And so that’s really what elevate is all about. It’s about, Hey, what’s going on in your mind, what’s going on in your mind set, what’s going on in your heart and what’s going on with your energy and how are you showing up? And also, how are you approaching things from a multi-faceted or multi-dimensional sort of framework? You know, what do you know about history? What do you know about, you know, sort of what the greats have done before you, what type of philosophy are you feeding your mind with? And also, you know, what type strategy and tactics and systems and tools are you applying to your real estate business?

Tyler (23:49):

Because as we said, you know, real estate is the vehicle towards creating an outcome that you want in your life, but we have to show up and be the best of the best. And if we want to do great things, we’ve got to approach this from a multidimensional perspective. And of course, you know, it’s about cashflow. It’s about creating wealth opportunities. It’s about, you know, raising capital. It’s about doing all these great things that we’ve really talked about in this conversation. But to me, if you want to elevate to a life without limits, you’ve got to approach it from, you know, really a multidimensional framework. And that’s, that’s what I love about elevate.

Aileen (24:22):

Thank you. And can you talk a little bit, because it sounds like you’re, after having this conversation with you, you know, like you’re very passionate about the mind set and, you know, living the life without limits and everything like that, and you have your coaching also. Can you talk a little bit about that? Because it seems like we would definitely learn a lot a ton about getting to that next level and how do you help people with that?

Tyler (24:43):

Yeah, absolutely. And I know that you all are on the same wavelength as me because you invest in coaching. Like I have, you know, that’s been one of the game changers for me, you know, since I’ve gotten into this business is that I’ve got to invest in myself and, you know, I’ve been investing in coaching for the past five and a half years, and it’s really been a game changer for me and I never believed or thought that I would become a coach myself. And it’s funny because, you know, that was never an intention for me, but I became so passionate about the transformations that I’ve seen within myself, and that I’ve been able to share with others, that I decided to really do that. And I was actually, you know, really pushed in that direction by my coach, by, you know, one of the highest performing coaches really on this planet, which is such a blessing.

Tyler (25:26):

And, you know, for me, it’s about, you know, understanding, well, Hey, what’s going on within our belief system, because there’s so many different programming, you know, and different experiences that we have as, as people, you know, as we grow up throughout our life, that really, you know, plants within our subconscious mind. And so we really start there. It’s really, really interesting. I don’t know about you guys, but I remember there was one statement that was told to me over and over again, as I grew up is that money doesn’t grow on trees. And so I really internalize that. I really thought about that and, and I believed that. And so it was really interesting to really rip that belief out of my belief system and plant in the belief that you know, what money is unlimited and wealth is abundant. And there’s so much opportunity for us.

Tyler (26:08):

If we see it, if we give ourselves the opportunity to see opportunity and beyond that, you know, it’s about creating systems. It’s about creating strategies that are appropriate towards designing the life that you want. Because a lot of times we forget about outcomes. A lot of times we think, well, I want to build this business because I’ve heard that this is a good thing. And on social media, that sounds like a really great thing. I also read in this book that this can create well for me, but it’s about creating thoughtful outcomes through the business. And so, you know, beyond that, it’s about really tactics and, you know, one thing that’s really unique about the way that I approach coaching is that I also layer on consulting. And the reason why I do that is because people need direct feedback and tactics on how they’re approaching their business.

Tyler (26:53):

And as a CCI, I am a certified commercial investment member, I find it very, very important to help my clients with, you know, underwriting and with negotiations and with deal structuring and creative approaches because, you know, not everybody has that vantage point and, you know, being able to do hundreds and hundreds of deals with some of the greatest and top real estate investors, you know, in the United States and across the world, I’ve been able to use that experience and apply that towards my clients. Not only from the mind set piece, not only from the strategy piece, not only from the systems piece, not from just time management and all these different things, but also, Hey, how can we put this rubber on the road and really, you know, take this to the next level. So for me, it’s about being the best of the best. And that’s the people that I work with are the people that really desire and strive for living a life that has no limits. And so that’s what coaching is all about for me. And I’m super passionate about it.

Seyla (27:49):

So Tyler, so far you have invested and multifamily single families and doing coaching what is next for you?

Tyler (27:59):

You know, it’s interesting. I actually am, I am about to launch a, an Academy it’s called elevate high performance Academy. And I appreciate the fact that you asked that, and this is the first that I’ve talked to, it talked about it publicly, but we’re going to be releasing that it’s going to be an eight week coaching program. And it’s going to be an amazing opportunity for folks to really engage in, you know, self-study in addition to time with myself and my business partner and so really, really excited about that. And it’s about impact, you know, it’s about giving people the opportunity to create more within their own life, you know, rather than engaging in a totally, you know, yearlong sort of coaching program. One-To-One so I’m excited about that, but as far as what else is next, I mean, I’m excited for the pandemic to end at some point, so I can get back to traveling and, you know, I just got married six weeks ago and my wife and I are extremely passionate about travel believe it or not, we were in Australia this year before the pandemic hit.

Tyler (28:56):

So we’re blessed to have been able to do that, but, you know, we want to get back out. We want to go to, we want to go to Africa, and we want to go to Asia. We want to go, you know, everywhere, to be honest with you. And so that’s, what’s next for us and who knows, maybe we’ll maybe we’ll be blessed to have some children like yourselves here in the near the near future as well, but you know what, I’m just excited for every day and just to learn and to grow and, you know, to choose gratitude. That’s one thing that I try to do every single day is to choose to be grateful because there’s so many things that we can look at and say, you know what, there’s so many challenges in this world, you know, but I’m also grateful for the opportunity to look at you guys right now and have this conversation. And also that I have a piece of paper in front of me that I can write down an idea on. And, you know, it’s really interesting to think about it, but there’s so many things that we can be grateful for if we just give ourselves the opportunity to think of one thing. And so I’m just excited about that.

Aileen (29:49):

Beautiful. Thank you so much and congratulations to you and your wife and wish you guys all the best.

Tyler (29:54):

Thank you so much. I appreciate it.

Seyla (29:56):

So, Tyler, how has real estate investing impacted your life?

Tyler (30:01):

Well, it’s totally transformed my life, you know, because I went from trading time for money to trading expertise and resources and creativity for more opportunities and a designed life. So, I mean, I can’t even understate how, you know, I can’t overstate how much it’s transformed my life. And so, you know, the beautiful thing is that anything truly is possible. And especially through real estate, because not only do I get to surround myself with people like you, who I know share that sort of vantage point in that vision, but truthfully, you know, there is no limit to what you can do with real estate. And so to me, it’s total transformation. And that’s the other thing that I love about it too, is that, you know, as human beings, we have no limits, but this is also a vehicle that has no limits as well. So you marry those two things together and it’s very inspiring.

Seyla (30:53):

What is one thing that, you know now about real estate that you wish you knew when you first started?

Tyler (30:59):

That’s a good question. You know, I, I wish I knew how important it was to develop a team and a system first really, because I probably could have avoided a lot of the stress, a lot of the fear and the challenges, but I will say looking back, you know, everything happens for a reason. Everything happens the way it should, but I wish that I really would’ve known, you know, how much heartache I could have overcome, you know, because truthfully, you know, in the beginning I lost a significant amount of money while I was trying to figure these things out and they became much more, you know, challenging when you have to deal with, with significant pocketbook. As I say, things that kind of hit your wallet. And so, you know, nothing is an accident. There’s no doubt about that, but I do wish that I would’ve had a better understanding of how to really watch myself in a better capacity as an entrepreneur.

Seyla (31:50):

So what is one thing that set the successful people apart in the real estate investing business?

Tyler (31:57):

The one thing is that they’re committed to always learning something new is, you know, because we live in a drastically and rapidly shifting world, right? Everything is always changing. It’s constantly changing. So are you willing to be adaptable? Are you willing to be nimble? Are you willing to update your knowledge? Are you willing to be humble, you know, and approach something and say, you know, what, what I thought was true before is no longer true. And I’m willing to say, you know what, maybe I was wrong and maybe I can maybe I can make an adjustment here. And I think that that’s the most important thing, you know, because if we just stick to our rigid plans and our rigid ideas, you know, at some point we’re going to be knocked off at some, we’re going to be knocked down. And so it’s about getting up. It’s about being a bit resilient, but it’s also about, Hey, you know, what if I want to continuously grow, it’s, I’ve got to say, you know, what, what I believed yesterday is no longer the case today. And so I think that there’s a lot of humility behind that, but I do think, think that that is the core concept that really sets people apart in this business.

Seyla (33:00):

So what tools or techniques have you used to improve the efficiency of your business or personal life?

Tyler (33:07):

A lot of tools. We use a software and actually, I don’t know if you would call it a software or not, but it’s called base camp and we’ve got a team that is somewhat in our location, but others are not in our city. And so we have some other sort of virtual team members other people who work remotely. And so base camp is a great place for us to collaborate, whether it’s communication, sharing documents collaborating on projects. So I love base camp. We also use IMS for our investor portal. And so our investors can log in and see their invest investments. They can see everything that they’re, you know, participating in and they can really invest further in our next project through that platform. So that’s an amazing system for us. I mean, there’s so many different, more different systems that we’ve utilized tools.

Tyler (33:58):

I mean, we use Google suite to be honest with you G suite in so many different ways. And you know, as simple as it sounds, you know, the digital calendar to really share our availability and to really collaborate, you know, is so important for us. And also using tools like a pointless and Calendly to be able to easily communicate with other people in terms of our availability. But obviously the podcast as well is a great way for us to build relationships for us to build rapport. And for me to learn, because at the end of the day, if I’m going to be the visionary for the company, I need to learn and pass that onto our team members. So, you know what, there’s so many different ways that we approach this, but you know, some of these tools are extremely important and in the way that I look at it too, is leverage. These are all points of leverage that allow us to be more effective rather than just using the old tools and the old systems it’s to continue to push the bar and continue to raise the bar and say, Hey, how can we get better? How can we improve? What’s working, what’s not working and how can we get 1% better and allow that to compound?

Aileen (34:59):

Absolutely. Tyler, thank you so much. We really appreciate everything that you’ve talked to us about today in a really inspired by, you know, the learning aspect of everything in the mind set and how we’re always having to push ourselves and, you know, elevate and to move on to the next level and trying to live our lives without limits. And if our listeners want to get to know a little bit more about you your upcoming class that you’re having and your company, where can they go?

Tyler (35:25):

Yeah, just go to, if you want to listen to elevate podcast, just go to elevate pod.com. And of course the website, there has a ton of other resources. You’ll learn about the Academy here, which we’ll be launching in of 2021. So if you want to get on the list there, all you have to do is just sign up. If you just go to elevate pod.com, of course. If you want to learn more about coaching with me, it’s just coach with Tyler.com. And then also if you want to learn more about CF capital, you just go to CF cap, llc.com and that’s where we’re investing in multifamily communities across the Southeast United States. So if you’d like to learn more about potentially partnering with us on those acquisitions and, you know, repositioning some very quality, very high quality multi-family assets, please go to CF cap, llc.com and otherwise, of course, I’m all over social media, so engaged with me and let’s build a relationship.

Aileen (36:15):

Awesome. Thank you so much, Tyler who really enjoyed today. Thank you so much.