Buy Apartment Buildings for Nothing From the City with Tyler Sheff (CFFL 0161)

Buy Apartment Buildings for Nothing From the City with Tyler Sheff Jack Butala: Buy Apartment Buildings for Nothing From the City with Tyler Sheff. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Steve: Tyler Schiff founder of cashflowguys.com, is a licensed real estate problem solver, educator, investor and syndicator. Tyler has been involved in real estate for over 16 years and now maintains 100% focus on investing for cash flow and helping others do the same. Tyler's team help others to acquire, stabilize, and then provide clean, safe, affordable housing to those in need when it matters most. Boy, I have some questions about that, what a great job description. As the host of Cash Flow Guys podcast, teaches the public how to avoid the common pitfalls found in real estate investing, and inspires others to take massive action toward their goals. Tyler, it is such a pleasure for Jill and I to have you on the show. Tyler: Thanks guys I appreciate it. Jill: Glad you are here. Steve: That was an awesome big picture description, maybe you can tell us a little bit more about what you do. Tyler: Well Steve, this all started when I was working for the Federal government. I was out on a ship in the middle of the ocean as a merchant mariner and of course, your tax dollars were paying me way too much money. That was all great on the surface, it looked really cool on the top part of the pay check, but when the IRS got ahold of they said, "Oh, Tyler, thank you for your donation, sir." I was paying more in income tax than most people made for a living, it was kind of scary. Steve: Yeah, a W-2 can do that to you, huh? Tyler: Yes, it sure can, so I obviously need to find a better way. I come from a real estate background, I grew up in real estate with my mother. I have had my real estate license about 16 years now. I was on a little sabbatical, I was out there bobbing around the ocean and I had to figure out a way to legally, address the word legally, mitigate my tax obligation and then I discovered the power of passive income, that was the game changer right there. Steve: That's great. How long were you out there? Let's talk about the boat experience first. We are actively looking to buy a fairly large boat right now. Tyler: I spent 5 years working for the National Oceanic Atmospheric Administration, that's NOAA, that's who predicts your weather and all that. They have a fleet of ships that are based around the world, pretty much. I went to them with virtually no experience. I was a turner boat captain here in town, I did that part time when the real estate market was not performing to expectation in 09' and early 2010, I was out doing charter fishing for people and doing real estate while the market was at it's absolute worst. I got hired by NOAA because I am a US veteran and they give preference to US veterans for employment. It was pretty much a shoe in job. My first duty assignment, guys, was Honolulu, Hawaii. You can't really argue with that. Jill: Love it. Tyler: At the time it was ... NOAA, ironically, also runs the national marine fisheries. Being in the charter business, for taking people fishing, they had so heavily regulated the fishing industry, it made it harder and harder and harder to get people out on the ocean to take people fishing. Ironically, the government organization that put the charter business on hold, was where I wound up going to work, if you can't beat them, join them, type of a thing. I can tell you ... We could go on for hours about my experiences at NOAA, that was an absolute blast. I had so much fun working for that organization, a good group of people. Steve: