Feb 4, 2020
After getting a degree in finance, Jimmy Murray started studying for the CFA exam, but after failing and receiving less than stellar reviews, he decided to turn his attention to multifamily real estate. Despite the disapproval of his father, he launched Lyon Property Group which is now a 7-figure business based in Rhode Island. He also hosts the Cashflow Kings podcast to connect with real estate investors. In this episode, we talk about investing the Rhode Island market, property management for B, C and D multifamily properties, the 1% rule and how “Juicy” by Notorious B.I.G. allowed him to leave corporate America in infamy.
Partner: The Real Estate Syndication Podcast hosted by Whitney Sewell
Key Insights
Partner: Download a Free Sample Apartment Deal Package
Bull’s Eye Tips:
Resource:
Apparent Failure:
Failing the CFA, when he thought he wanted to be a stock picker
Most Recommended Book:
The Wealthy Gardener by John Soforic
Most Recommended Digital/Mobile Resource:
Z Inspector
Daily Habit:
Affirmations - 25 Written Daily
Wish I Knew When I Was Starting Out:
Recognizing all clients are not good clients
Wish I Knew 12 Months Ago:
Moving to Propertyware Software would be a major problem
Advice for a Smart, Driven College Student:
Continue to work and build your network
Current Curiosity:
Getting back into wholesaling
Best Place to Grab a Bite in Rhode Island:
Olneyville New York System - 3 All the Way with “Coffee Milk”
Connect with Jimmy:
IG: @thecashflowkings
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