36 min

030: Scaling to $7M in 5 Years before the Age of 30 with Tyler Mikolajcik Real Estate Runway

    • Investing

We all know mindset plays a huge role in success, but the power to scale to 7-figures before you’re even 30 years old? Tyler started in real estate at the age of 21, just flipping houses. After 5 years, he got into the multifamily space. Even with all the experience in house flipping, he noticed his wealth grow to seven figures in a short time in multifamily (bootstrapped), a goal he could never reach through flipping! People in Tyler’s marketplace know him for getting deals that nobody else can get or no one else will. He now shares his tactics and helps others build wealth through coaching and mentorship.

Tyler is one guy you positively need to learn from! So let’s get into the conversation to learn how Tyler, through mindset, strategy, and networking, scaled to $7M before the age of 30.
 
Getting to know Tyler Mikolajcik - [00:01 – 05:27]
I introduce Tyler Mikolajcik to the show Bio  Tyler shares a bit of his background Starting in 2012 till now  Tyler’s venture into multifamily  Investing and building multifamily without syndication All real estate is not created equal  Scaling to $7M in 5 Years before the Age of 30 - [05:28 – 28:13]
How Tyler shifted his mindset to overcome the fear of getting into multifamily Always taught to work hard - shifting to want to work smart Mentorship through books and resources The information is out there, you just need to look for it  How networking ultimately led to Tyler’s success Being around the right people is huge  The importance of mindset and direction  You need to set your intention Getting into the strategies and tactics behind Tyler’s real estate success Getting the rehab down first without sacrificing quality  Negotiating with contractors - work to earn it Building up relationships with suppliers to drop material costs Transferring the knowledge from flips over to multifamily  Stopping holding costs from eating your profit Grab your ticket to the MFIN Summit at mfinsummit.com Use promo code QUATTRO! How Tyler became ‘The Deal Guy’  The key is good negotiation Getting in people’s facing  Doing the things no one else is Match the energy of your prospect  The negotiation starts at ‘no’ not yes The Quattro Trio - [28:14 - 36:43]
What is your superpower? Closing and executing the deals no one else does  What was your biggest failure? Not executing on certain deals  Buying in the wrong location How do you give back?  Helping people get in the place to take on more risk Working hard now to give back when you’re older Tyler’s mentorship program Links below Final words  
Tweetable Quotes:
“My mentorship was books. I just needed some inspiration, I already had ‘it’, you know, the motivation. I just needed someone to say, hey you’re doing the right thing, keep going.” - Tyler Mikolajcik
“You set your direction, you have to believe you’re going to have that… You have to set your intent first, then your actions will follow.” - Tyler Mikolajcik
“I hit the ground running because I know no one else is doing it. I’ll do everything that everyone else is NOT doing.” - Tyler Mikolajcik
Resources Mentioned: 
Multi-Family Millions The TenX Rule Never Split the Difference  
Want to connect with Tyler? You can follow him on Instagram and LinkedIn. https://coaching.tmentorship.com/schedule and break free from the obstacles in real estate to scale.
Have you heard about the Multifamily Investor Nation Summit, coming up on January 20th?  If you've never been, it's a three-day information-packed event for multifamily investors, with over 1,000 attendees and over 50 speakers!  Not only will we hear from experts about finding deals, raising capital, underwriting strategies, selecting markets, and so much more...But this year our partners here at Quattro Capital are excited to be participating with three speakers at the event. Our amazing Kim Wendland will be spe

We all know mindset plays a huge role in success, but the power to scale to 7-figures before you’re even 30 years old? Tyler started in real estate at the age of 21, just flipping houses. After 5 years, he got into the multifamily space. Even with all the experience in house flipping, he noticed his wealth grow to seven figures in a short time in multifamily (bootstrapped), a goal he could never reach through flipping! People in Tyler’s marketplace know him for getting deals that nobody else can get or no one else will. He now shares his tactics and helps others build wealth through coaching and mentorship.

Tyler is one guy you positively need to learn from! So let’s get into the conversation to learn how Tyler, through mindset, strategy, and networking, scaled to $7M before the age of 30.
 
Getting to know Tyler Mikolajcik - [00:01 – 05:27]
I introduce Tyler Mikolajcik to the show Bio  Tyler shares a bit of his background Starting in 2012 till now  Tyler’s venture into multifamily  Investing and building multifamily without syndication All real estate is not created equal  Scaling to $7M in 5 Years before the Age of 30 - [05:28 – 28:13]
How Tyler shifted his mindset to overcome the fear of getting into multifamily Always taught to work hard - shifting to want to work smart Mentorship through books and resources The information is out there, you just need to look for it  How networking ultimately led to Tyler’s success Being around the right people is huge  The importance of mindset and direction  You need to set your intention Getting into the strategies and tactics behind Tyler’s real estate success Getting the rehab down first without sacrificing quality  Negotiating with contractors - work to earn it Building up relationships with suppliers to drop material costs Transferring the knowledge from flips over to multifamily  Stopping holding costs from eating your profit Grab your ticket to the MFIN Summit at mfinsummit.com Use promo code QUATTRO! How Tyler became ‘The Deal Guy’  The key is good negotiation Getting in people’s facing  Doing the things no one else is Match the energy of your prospect  The negotiation starts at ‘no’ not yes The Quattro Trio - [28:14 - 36:43]
What is your superpower? Closing and executing the deals no one else does  What was your biggest failure? Not executing on certain deals  Buying in the wrong location How do you give back?  Helping people get in the place to take on more risk Working hard now to give back when you’re older Tyler’s mentorship program Links below Final words  
Tweetable Quotes:
“My mentorship was books. I just needed some inspiration, I already had ‘it’, you know, the motivation. I just needed someone to say, hey you’re doing the right thing, keep going.” - Tyler Mikolajcik
“You set your direction, you have to believe you’re going to have that… You have to set your intent first, then your actions will follow.” - Tyler Mikolajcik
“I hit the ground running because I know no one else is doing it. I’ll do everything that everyone else is NOT doing.” - Tyler Mikolajcik
Resources Mentioned: 
Multi-Family Millions The TenX Rule Never Split the Difference  
Want to connect with Tyler? You can follow him on Instagram and LinkedIn. https://coaching.tmentorship.com/schedule and break free from the obstacles in real estate to scale.
Have you heard about the Multifamily Investor Nation Summit, coming up on January 20th?  If you've never been, it's a three-day information-packed event for multifamily investors, with over 1,000 attendees and over 50 speakers!  Not only will we hear from experts about finding deals, raising capital, underwriting strategies, selecting markets, and so much more...But this year our partners here at Quattro Capital are excited to be participating with three speakers at the event. Our amazing Kim Wendland will be spe

36 min