How to Build Wealth & Achieve Financial Freedom with Real Estate

Christian (00:00.863)
Hey everybody, welcome back to the show. Today I am joined by Tyrone. He’s an experienced entrepreneur, real estate investor, and also the founder of Property Wealth League. Tyrone’s on a mission to help real estate investors strategically build portfolios that align with their goals for financial and time freedom. He’s passionate about building wealth on his terms, leaving a lasting legacy and empowering others to do the same. In this episode, we’re going to dive into his journey, his investment strategies, and how you can take control of your financial future.

So without further ado, Tyrone, my friend, welcome to the show. Super to have you on, man. Why don’t you just introduce the audience, who you are, your background, and just how you got here.

Tyrone Taylor (00:40.046)
Appreciate you, man. It’s a honor and blessing to be here. Appreciate you guys having me. And yeah, open the chop it up, share some nuggets today. But Tyrone Taylor, I’m originally from Philadelphia. Right now I’m in Westchester, Pennsylvania, which is about 45 minutes outside the city. I didn’t go very far. You’re born and raised in Philly and actually moved out here when I came to school to go to college.

And back then, you know, I was a bit of a computer nerd kind of coming up in the nineties. That was like during that dot com era when like the yahoos and all the big companies were getting like those billion dollar valuations and everybody thought like our computers are where the money is. Like I’m like, I gotta get computers. So I started thinking around on computers and I was programming and, you know, ripping, ripping systems down, putting them back together and all that. And ended up majoring that in college. And then.

wasn’t until I actually got out of school that I realized like, all right, I’m not that passionate about programming, right? It’s crazy, like, go in school, spend all that money, and it’s like, work my way through college, like, because I was like, afraid to like take out a bunch of student loan debt, whatever else. So muscle my way through and then realize, I really just enjoy computers when I have the freedom to just build, right? And that kind of goes back to like,

Christian (01:58.474)
Mm-hmm.

Tyrone Taylor (02:00.974)
the way I came up, was always very like hands on, always enjoyed like learning stuff, learning how to put stuff together. So computers were just that thing for me at that time. But after that, I was a programmer for about a year, year and a half and actually got, ended up getting laid off from that job in 2008. It was right after like economic downturn and the company I was working for, they basically were downsizing.

And it was like last man in first out kind of deal. They’re like, you know, we love having you on the team. Everybody else were like senior programmers have been there for years and it was like, we hope we can work together in the future, but now we got to do what we got to do. So I’m like in the dumps, like, man, I have my degree. thought I was on like a track of making like half decent money. And at that point kind of went on a little bit of a transition where I realized like,

Christian (02:42.025)
Mm.

Tyrone Taylor (02:56.524)
I don’t really want to work for anybody else. Like that was always one thing that never sat well with me about having like a W-2 was just somebody like controlling my destiny, right? I was always afraid of that and like telling me what I’m worth and I’m like assigning that value to my time, like my life, like, you know, our time is the most precious thing we have, most valuable thing we have. And I was fortunate enough to meet a couple of guys who were

Christian (03:13.951)
Yep.

Tyrone Taylor (03:24.494)
scientists and engineers. So one scientist, one engineer, and they both were coming out of a pharma company. And they were starting up an energy, like a renewable energy business. And it’s basically designing renewable infrastructure for food, energy, and water industry. So think like waste energy systems who work with a lot of big farms, food processing companies, stuff like that. I became like, then I was, became like a renewable energy.

guy, right? But at the heart of it, was still like IT focused at the time. My operations background that I’d gotten through several other jobs and working in the IT space was like what I applied to that. So I became extremely passionate about that, did that for a number of years and kind of fast forward to like 2014.

when we had a couple of projects that we were in deep on. So we’re the owners, we’re developing these infrastructure projects like multi-million dollar facilities. And we’re pretty much putting all of our capital into these things. And the goal is to get it to, you know, get a construction ready. So it’s shovel ready. And then our investors and our financing, our debt financing and our investors who bring the equity come in and they fund the deal and then we refund ourselves all of the pre-development capital. Right.

So we had a couple of projects go the other way, like zoning permits that didn’t come through when we needed them to, and just kind of went sideways. Investors pulled out last minute. So then we’re kind of stuccoed in the back. And at that point, I was newly married. My wife and I were talking about having our first kid, and we’re like kind of projecting, like, what do we want for our future? Right. And I realized, although I now work for myself, I’m still not secure.

Right. If my industry takes it, you know, shifts or if the market does something like I’m still kind of working for myself, but it’s still as I’m reliable as work for somebody else. You know, the income goes away. So that was when like old like my mom’s voice in my head growing up, you know, she was always telling us like you need to get in the real estate. You need to own assets. Like you got to have a backup plan. You need something to like sustain you through any storm and

Tyrone Taylor (05:44.066)
You know, God bless her. mom actually took me to my first real estate investing conference. I was in eighth grade, like, at the Philly Convention Center, which is kind of crazy. I still remember that. so I was like, all right, I’ve always known that I was going to do real estate at some point eventually. Originally I thought I would make a bunch of money in business and then I started investing in real estate, but it kind of my back against the wall. I’m looking at, you know, starting a family. It’s like, I just got to go.

Christian (05:50.293)
comment.

Tyrone Taylor (06:13.44)
So spent way much more money than I could afford on one of those expensive training courses back then. They were, you know, they were getting people. It was like 27 grand. My wife and I put on credit cards like we could not afford. And just dove head in, started out wholesaling. Took probably, I think it’s like six, seven months before we got my first deal done. And then slowly kind of was building the pipeline.

Christian (06:22.323)
yeah.

Tyrone Taylor (06:40.718)
and rolled that into starting to flip a couple. I’m like, well, it looks like the flippers are making all the money. So let me go ahead and flip something. Flip a few properties and got approached by a friend who owned a remax brokerage. She was like, look, man, you look like you’re doing pretty solid. You guys know what you’re doing. I’m starting a property management division. You know, I’m trying to grow this division of my business so that I can manage in-house for my clients. Why don’t you come on board and run it for me?

And my thought was, well, again, back to that entrepreneurship, that, know, that that mine was like, you know, I’m interested in property management, but I want to work for you. How do we figure this out? Right. So we ended up JV and creating a building a property management company. So kind of dove into that space, we built that company up to where management about 350 units over the next few years. And then not long after COVID, my partner and I kind of had a common

together moment and I was like, look, I got into real estate to build an asset base, like to build a portfolio, sustain my family, like build generational wealth. And really, I’m not going to get there managing everybody else’s assets. Like there’s just no time left and I’m killing myself. So we negotiated an exit, sold him my stake in the company and started buying my first deals after that. Just went heavy.

into just acquisition mode and having managed several hundred units, I was very confident in my ability to manage. So I ended up picking up 32 units that first year after we exited the company. And since then, that’s our business model. We manage in-house, have a small management team. There’s five employees, a couple of which are virtual.

And we mainly focus on apartments and commercial, but also do some residential deals when they come along here and there and just try to help others do the same man. It’s it’s you know, this game has been been very good to me. A lot of bumps, a lot of bruises, a lot of lessons which we’ll talk about. I’m sure, but I’ve also seen a lot of people get hurt. I’ve gotten hurt, but luckily nothing ever took me out and I’m really on a mission to help other people get momentum and build.

Tyrone Taylor (09:04.174)
something that can sustain them without being taken out of the game.

Christian (09:09.075)
Man, your story is just incredible. mean, the fact that you’ve, you’ve went through so much in, your time of being an entrepreneur and the fact that you were willing to weather the storm and also realize the value that you bring to the table for yourself and realize that time is my most important asset, right? You can have everything in the world, but if you just don’t have your time and you have a family and you’re just killing yourself, what’s the point of doing this, right?

Tyrone Taylor (09:34.658)
bit.

Christian (09:36.713)
And I think there’s a huge misconception right now on the hustle culture, you the fact that, know, you have to put in 70, 80 hour weeks and, you know, the grind. I do, in my opinion, I’d feel like you do have to make a temporary sacrifice at some point, right? In your career to get to that next level. But as far as longevity in this game, it’s just not sustainable, right? So I’m interested, you know, you seem like you just want to help people so much now because you’ve been there so much fire, right?

Tyrone Taylor (09:44.494)
Thank you.

Tyrone Taylor (10:05.102)
Thank you.

Christian (10:05.759)
Let’s talk about the Property Wealth League, right? We know that you are the owner of that. So what is the Property Wealth League and how are you helping people with that?

Tyrone Taylor (10:15.192)
So property wealth league is a real estate mastermind. So it’s a community where I’m helping new investors. They like some guys are picking up their first deals. There’s other folks who have a few properties who are looking to scale and everybody in between, right? It’s really come by, I’m deeply passionate about just helping people, right? And I think, you my parents definitely put that in me. Like I grew up doing community service. Like my parents were.

Christian (10:25.822)
Yeah.

Tyrone Taylor (10:44.494)
always really involved in our church, like giving back to like everybody in the neighborhood. They still do it to this day. They’re, you know, 70 and they they’re out. You know, my mom’s ordained minister, like she goes out, she does like, you know, she preaches the people and she’s just like trying to feed the community. And so that like is just deeply a part of who I am. I just see people who are not doing well and it like it touches me in a place where it it calls me to do something. I can’t just, you know, I can’t just keep walking by.

Christian (10:50.879)
awesome.

Tyrone Taylor (11:14.714)
so it’s kind of combining my, my love and my passion for service with like real estate. And it’s like, it’s, like a perfect marriage for me because I actually enjoy serving people in this way. so it kind of started out, my wife who also works in our business, she’s a, she’s a realtor. so she used to be a high school English teacher. She did that for 10, 11 years.

and when we had our first kid, you know, we, one of the goals we had was for her to be able to stay home and raise our children. we just wanted to be able to control that aspect of, of, of our kids being close to us coming up. So, you know, the goal was for her to retire. Like when we had our first kid, we had our first kid. She got out of it and then she got a real estate license and then she started working in our business on the acquisition side. but.

that teacher heart like that’s still deep within her. She’s just, you know, she’s born teacher, basically, she loves educating, right? So fast forward a few years, she was the training and onboarding coordinator for our brokerage. And it was an investor focused brokerage. So the founder, who’s a good friend of mine, he was an investor, and he literally went out, got licensed, and then started his own brokerage for

other investors to be in a place where they could just do their own stuff, right? And then kind of like invest on their own terms. Because that was that’s what he was seeking originally. So he’s cultivated this awesome community of investors who are all building wealth. And so she was the training onboarding coordinator. So everybody coming through, she met with them, sit down, talk to them about their goals. She’s like training them.

And they all want to be investors, right? So they’re looking, they say, wow, you and your husband have, I think at the time we had like 30 something, 32, maybe 40 units. And they’re like, we hear about what you’ve done over the past few years, like how have you gotten to that many units that fast? And we started like having all these impromptu like coffee meetings, just helping people, right? We’re just like meeting up, trying to help people get deals done. So that was like three years ago.

Tyrone Taylor (13:37.536)
And then we got to the point where we just ran out of time. It was like we this is cool. We enjoy it, but we can’t just we can’t keep spending all of our time doing this. We got a portfolio. Look out. We got a family at this point. So we started our coaching business. We said let’s structure this into something that can be impactful and that we could serve more people right? And we did that for about a year. It was very, you know, very well received. We had folks come in.

pick up their first deals. One of our best clients is a good friend to this day. He picked up eight units. He was looking for a single family house. He started working with us, picking up eight units and it was like eight or nine months in and he started no experience whatsoever, like not knowing where to start. So he’s growing his portfolio. I’ve talked to him yesterday. So we were getting some momentum and then last year,

It really struck me that it needed more. I wanted to create a community where all these people can thrive together instead of me one off coaching, you know, 10, 12, 15 different people. I wanted to structure something where we brought it all together because I found that we all learn much more from being in circles where we’re also learning from each other’s experiences, right? Like you can go through things and because I’m with you, I’m learning even though I don’t have to personally go through it. So you’re like,

Christian (15:01.887)
Mm-hmm.

Tyrone Taylor (15:04.876)
magnifying that experience or multiplying it. So we’re like, all right, that’s what we got to do. So we put the community together. It’s hosted on school. And basically, we have bunch of courses in there like that we created from scratch using all live deals that we’ve done. It’s like about 100 videos in there to take you through all facets of investing. We do live workshops three times a week. So Monday, Wednesday and Friday.

people who are trying to get deals done, like they bring them on the call and we like, I run them down real time. We’re like really workshopping it. So that’s most of the value that really people love about being in the group. And also the fact that we’re very hands on, like involved with each other to the point where I was at one of my students properties this morning, checking out flip that they’re doing. So it’s like, Hey, what troubles are you having? What’s the address? I look at my schedule. Hey.

Christian (15:59.069)
Bye.

Tyrone Taylor (16:02.626)
I’m gonna pull up and let’s run this down. So I’m talking about having this contract to help them figure some stuff out. it’s like, at where we are, I feel like we’re providing a level of just support that most people don’t get. And I only know that because I was that person, right? I went out, paid for all the courses, I did all the coaching stuff. Nobody pulled up on my property and was like, hey, let’s sit down and game plan this, right? So that’s what it’s all about.

Christian (16:17.585)
yeah.

Christian (16:30.861)
That’s incredible, man. I just want to piggyback off that too, right? And how important would you say networking and also, you know, getting a mentor, right? Hiring a mentor is, is in your real estate success or just overall and your journey just at all, right? I mean, what advice would you have for someone, you know, looking to build strong connections and just get their foot in the door?

Tyrone Taylor (16:53.39)
It’s hands down, think, you know, it’s only second to actually making the decision. Right. I think it’s like, after you decide, you know what you want to do, you’re serious about it. The next best thing you can do immediately is to just surround yourself with people who are actively doing it. And really also like getting really close to people who are doing it, doing what you want to do, but a few levels ahead of you. Right.

because they’ve stumbled over all the, you know, they’ve been in the potholes, they’ve hit the walls and the roadblocks, right? And they can coach you around these things. And honestly, looking back is something that I wish I had done sooner. You know, I was so focused on like hustling, hustling, hustling. You know, I’m working seven days a week, 12 plus hour days, like just going after it. Like, and I did well, I made a lot of mistakes, but I did well.

like I’ve done very well for myself, but I look at the mistakes I made and like the money that was wrapped up in those in the time, right? That I’ll never get back from those mistakes. And just knowing that there are people like just ahead of you that are more than willing to pour into you and help you avoid those mistakes. Like you’re only going to grow so much faster.

Christian (18:13.085)
I could not agree anymore. Let’s talk about some of the mistakes in your journey as well, man. Could you maybe just share a story of maybe your best real estate deal that you had success in or an investment just in general and maybe one that just completely went sideways, right? Because I did hear you mentioned earlier, a lot of stuff went sideways and just ultimately, what did you learn as far as that goes to keep persevering?

Tyrone Taylor (18:18.413)
Yeah.

Tyrone Taylor (18:33.166)
Thank

Tyrone Taylor (18:40.174)
Yeah, yeah. So I’ll say my best one, or my favorite one I’ll pick on, right? So I’m a value add guy, meaning like I buy the rougher stuff, you know, it’s been mismanaged. And that comes back from my wholesale and flipping background. Like I still buy like wholesale or like, know, back then it was direct to seller. Now I still do direct to seller. We still have cold call and all that, and VAs, but…

A lot of the multifamily and commercial stuff I do, I’m dealing with brokers, but I’m still like that wholesaler mindset still deep within me. So the best deal or my favorite deal that I picked up is actually two buildings kind of conjoined. So it looks like one, it’s two commercial spaces and two like townhouse style apartments up on top. So kind of pictures side by side.

and I absolutely love this deal because it, it just, it’s, it shows the power of having vision. Like when you just see something and you know, like, wow, if I could get that at this number and I could do this, it could turn into this. Right. And just sticking to your guns, because I, when I first saw this building, it was listed for a million dollars. And I knew it was quite a bit overpriced because.

It had a vacant commercial unit. So one of the two commercial units was vacant. Right. And the apartments were under rented. I’m like, yeah, you can’t justify that. Right. And then at the time, it’s right in downtown Westchester where I live. I knew like really wanted that deal. And I said, I’m keeping an eye on it. My set my black price and I said, I need to get it under 800 under 900. And I said, if I get under nine, I can make that work.

So my philosophy when I’m buying commercial and I buy mixed use commercial deals, I always make sure that the income from the apartments will actually sustain the buildings if the commercial spaces go vacant. Right. So that’s my mixed use strategy just because retail and restaurants like that’s a lot less stable than apartments where people need to live. Right. Sometimes businesses unfortunately come and go and it takes a long time before you can release a commercial space.

Tyrone Taylor (21:06.638)
at certain points. So deal dropped down to they dropped it down to like 950. I’m still sitting there waiting this over the course of like a year. Just patience, right? Then they dropped it down 925 and like, all right, it’s go time. You kind of look at the this last couple reductions came faster. I see their motivations picking up. So I went in, we offer 860 and we kind of went back and forth and they said, look, 885 is our bottom.

We did have like that. Let’s do it. So pick that deal up and got into it and just did what I know what to do from like for managing properties. I went in had the two tenants who were in the townhouses. They were both like severely under rented. So went to them said look, I don’t want you guys to leave just want you to we just this is where market rent is. This is where you are. Let’s meet somewhere in here, right?

Christian (22:03.731)
Yeah.

Tyrone Taylor (22:05.43)
And that’s one lesson. think a lot of people always look to like, I got to turn units over. I got to get new tenants. Like there’s a cost to that, right? You got vacancy, you got turnover, whatever you have to do to that place. If you have to like fully rehab it to get like a new person in there whatever. So I waited out and I said, if I can get them halfway there, it’s going to be that much more lucrative. So they agreed to that immediately. They’re like, look, we know that our rent is reasonable. We can come up. So that increase was from $2,000.

to $3,000, like that’s how big the gap was. Those units can go for four, but we would have to, we would have to freshen them up a little bit. So they came up to 3000, right? So that’s immediately creating $2,000 additional cashflow. Then we put out like a very strong marketing campaign all over social media, hitting the streets, calling brokers everywhere to lease up that vacant commercial space and got that lease stuff probably like four months later, it took a little bit of time.

Christian (22:42.773)
I’m

Tyrone Taylor (23:04.046)
So got that lease out for two grand initially and put that on like an escalating multi-year lease. So long story short, that building we bought for 8.85, that was in 2023. It’s now worth about 1.6 and it cash flows like a you know what, man, I love you. Very easy.

Christian (23:25.981)
Yeah.

Tyrone Taylor (23:29.772)
Like, tenants don’t bother us. They’re just in there. They’re grateful that we kept in them. We work with them. We’re making money. We’re cash flowing heavy. And that’s my favorite deal.

Christian (23:31.381)
Ugh.

Christian (23:41.075)
Ladies and gentlemen, I hope you guys are listening to this right now because my man Tyrone is a deal creator and deal maker. Man, that is incredible. That is something, man. Wow. Wow. I need to get me one of those now. But Tyrone, I gotta ask you, man. mean, if you could just give one piece of advice to somebody who wants to achieve financial and time freedom.

Tyrone Taylor (23:55.256)
That was a good one.

more like it.

Tyrone Taylor (24:04.462)
You

Christian (24:08.169)
Right, you’ve been able to create that for yourself and you’re helping other people do that right now. What would that one piece of advice be?

Tyrone Taylor (24:12.398)
you

Tyrone Taylor (24:16.194)
That one piece of advice, hard to break it down to one, man, I gotta be honest. But if I had to break that one, it’s just to cast the vision for what you want, right? Figure out, you know, what do you want out of this life, right? I call it vision casting, right? So it’s like, all right, I like envision the life that you wanna live. And…

Christian (24:20.373)
Break it down however you want.

Tyrone Taylor (24:44.852)
And really put meaning to that right for me. It’s all about my family. It’s all about my wife. I two boys one 6 year old and one year old. It’s all about providing the best life I possibly can for them and setting them up financially so that if God forbid something should happen to me they they will worry for nothing like they will not their life will not be driven. You know this within making decisions based on how much money they have or don’t have like they will be able to live.

Have the best opportunities, you know what I mean? And that for me with us traveling the world, me just show them new experiences. Like that’s my vision, right? So I say that because it’s not easy, right? It’s not going to be easy. It’s going to be hard. You’re to have times where you want to give up, where you wonder, you question, am I do like, is this what I should be doing? Right? If you don’t ever have that thought, then you’re not working hard enough in my opinion. Right? Think it like it does not come that easy in real estate.

Christian (25:24.426)
love it.

Tyrone Taylor (25:45.046)
but you need that vision to keep you pushing aggressively forward. Right. I’ve seen so many people like start out with the vision, like, I want to have financial freedom. And they pick up two properties and stop. And it’s like financial freedom didn’t stop with that second property three years ago. What are you even up to? Right. And it’s like they gave up on that vision or it wasn’t, it wasn’t a strong enough pool to keep them moving forward. So figure out the vision, put meaning to it.

Christian (25:57.503)
Yeah.

Tyrone Taylor (26:13.728)
and remind yourself every single day what you’re working for and you will drive through and figure it out. Right. But you got to have a strong enough pool.

Christian (26:23.551)
I love that, right? There has to be a why behind the why, right? There has to be a real motive behind your work and what you’re trying to do. You know your why behind you, why, and I’d heard what it was, it’s your family, right? It’s impacting and being able to create wealth and opportunities for the next generations to come even after, right? And man, you’re doing a remarkable job Tyrone and you’re an amazing human being, man. You really are. Why don’t you just share to the audience on how they can work with you, man, where they can find you.

Tyrone Taylor (26:26.146)
Yeah.

Tyrone Taylor (26:31.502)
Thank

Tyrone Taylor (26:35.084)
Yeah.

Tyrone Taylor (26:42.124)
Yeah, sir.

Christian (26:52.75)
cause they definitely need to, so.

Tyrone Taylor (26:55.022)
I appreciate that bro. Look, you can find me. So I’m on all social channels that this is Tyrone Taylor. If you ever want to follow me, I put out a lot of content real estate, you know, in the world. But if you want to work with me, if you’re looking for a community, you’re looking for support, you are either in real estate and you’re not, you know, you want to go bigger, right? Or you’ve had some stumbling blocks, things haven’t quite worked out the way you wanted them to, right? You have you’re in some deals and not that profitable, right?

And you want to scale or you’re looking to pick up your first deal like you’re ready to go. That’s what we do. We help you get strategized, help you get focused, figure out, figure out that why, figure out that vision. We will help you reverse engineer to path back to where you are now and then like give you a step by step action plan. And we’re there with you the whole way so you can find that at the propertywealthleague.com. Sorry, propertywealthleague.com without the the and.

Just reach out anytime, touch base. I’m happy to have a conversation. Help you anyway I can.

Christian (27:58.549)
Beautiful, beautiful. Guys, you’re here first. We will drop those links in our description as well. So again, be sure to reach out. Tyrone, it was a pleasure, man, having you on. We’d love to have you on again here in the future. I feel like we have a lot more we could talk about, awesome, man. Well, I wish you nothing but the best in your future endeavors, my friend, and God bless you. But guys, hope you enjoyed the show today as always, and we will see you on the next episode. Take care.

Tyrone Taylor (28:07.502)
This has been.

I love you.

Enjoy.

Tyrone Taylor (28:26.734)
Take care.