#61: From Moving Houses To Building a Massive Brokerage Business and Rental Portfolio with Tyler Hall

This week’s episode with Tyler Hall is a killer one - we talk about how Tyler was able to quickly grow a portfolio of rental properties, build a thriving agent business, and how “compressed” his timeline to achieving financial freedom.Tyler Hall is a real estate investor, agent, and business owner based in Portland, ME. Coming from a blue-collar family, Tyler ventured into the business world by starting a moving company. As he was growing the business, he realized that all of the wealthy people he knew were investing in real estate, and began to do so himself.In this episode, we talk about why Tyler made the decision to grow a portfolio quickly and how he executed his strategy to do so. We talk about how many “mom and pop” investors have been in the business for many years but only own 30-40 units, and how when you’re trying to achieve financial freedom in a short amount of time, how you can compress this timeframe. We discussed how he was able to quickly scale his business despite being a younger investor, how he has become a successful realtor, and how he has built a portfolio of 60+ units. In addition, he runs numerous other successful businesses and we talk about the mindset and strategy required to accomplish these goals, and how in today’s market the ability to create cash flow varies dramatically. In today’s market, cash flow is created instead of bought... and we dive into the details of how this is done. This episode is unreal - don’t miss it!Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.Show Notes:3:26 Tyler shares his background, how he got into the real estate business, and what he is up to today.10:33 Tyler talks about the importance of taking action and how it supersedes learning from a book or listening to a podcast.13:55 We discuss the importance of creating cash flow vs buying cash flow. In today’s market, the ability to spot opportunities to create cash flow is much more important.23:01 Tyler shares his strategy on how he scaled from 10 units to 63 units very quickly.29:05 We discuss how it takes most investors 30+ years to build a portfolio of 30-40 units, and how Tyler was able to find ways to compress this time period drastically. 36:30 Tyler shares the mindset needed to overcome the thoughts that are holding you back.38:54 We discuss how Tyler is able to pursue multiple different business ventures, maintain focus in each business line, and find success in each of them.47:00 Tyler shares a piece of advice he would give himself before starting his real estate career.48:06 Tyler discusses his most significant business/real estate-related failure and what he learned from it.51:08 Tyler gives a skill/trait that he attributes his success to.52:32 Tyler shares his short-term goals for his business over the next six to twelve months.CONNECT WITH TYLER: