Ep. 65 - Leveraging Skills to Achieve Success with Tim Gurule and Tyrel Rose
Timothy Gurule grew up in the Colorado Mountains at 10,000 feet of elevation. His childhood was filled with love, but he also experienced many nights spent sleeping in cars and storage units. This experience fuels his drive today. After graduating from high school, he joined the Army and became a member of an elite special operations unit, where he deployed four times. Timothy later attended Colorado State University and served as an intern in the Colorado House of Representatives. Tyrel Rose is a Real Estate Acquisition Manager at Ambick Nextgen Properties Corp. He is also currently a Business Director of Russ' Century Farm. He attended college at the University of Washington.
In this episode, Tim Gurule and Tyrel Rose share how through their partnership, they have been able to be opportunistic investors and create a successful real estate business. This conversation dives deep into how a strong partnership can lead to success, the importance of having a strong "why" to pursue any goal, and how to build wealth. They discuss their wealth-building strategy, which involves buying and holding real estate, strategic dollar cost averaging, and staying committed to the fundamentals. Additionally, they share their daily routines for both physical and mental health, which include working out, journaling, meditating, praying, reading the Bible, and practicing gratitude. Finally, they explore the balance between family and self-improvement and how to measure success in life.
[00:00 - 18:56] Forming a Partnership Set for Success
β Tim Gurule and Tyrel Rose are introduced to the show.
β Tim and Tyrel are both veterans who became entrepreneurs and best friends.
β Tim and Tyrel used their experiences in the army to build wealth and their businesses.
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[18:56 - 44:57] Leveraging Skills to Grow Their Businesses
β Tyrel moved to Austin and has been working remotely for a while, fixing up a house he bought at an auction.
β He listened to several investing podcasts while working on the house.
β He stumbled upon a book on buying houses at auctions and realized there was a system to it.
β Tyrel attended a small business buying conference with a friend to look into purchasing a shipping company.
β Tim found an expert in the loan origination field with a strong social media presence.
β Tim went to work for the loan originator to learn branding, marketing, and systems, which would be useful for his future acquisition company.
β Tyrel and Tim are both individually putting the pieces together to prepare for managing multiple flips and making offers on multiple properties.
β They are going direct to the seller by looking off-market, doing mailer campaigns after pulling niche lists, cold calling, voice dropping, and more.
β The experience in the military was a form of tuition to enter the real estate investing game.
β Doing hard things consistently, with a level of ignorance, can build confidence.
β Having an optimistic outlook and not giving up, regardless of the challenges, can lead to success.
[44:57 - 01:13:00] Overcoming Adversity and Never Quitting
β Tim shares his experiences of what he learned in Ranger School and how he used those experiences to achieve his life objectives.
β Instead of going all out, rationalizing your pace is important.
β Knowing exactly what numbers you need to hit to pass each week is beneficial.
β Ashton shares how he grew up with a strong meditation background, yoga, and martial arts.
β Writing down his goals and breaking them down was an intentional process for Ashton, and he has a checklist to this day.
β Tim talks about the importance of sharing with others and borrowing from their experiences.
β It is important to self-talk and has positive thinking in challenging situations.
β The fear of shame is a motivator to avoid quitting.
β The detachment from pain and suffering can be achieved through a positive mindset.
[01:13:00 β 01:28:00] Closing Segment
β What are the key elements you look for when investing, and what is your strategy for building wealth?
o Tim looks for deals that work and holds onto them as long as possible to build wealth. He believes that passive income and accumulating assets are key to financial freedom and success. His strategy is to evaluate deals carefully and hold onto them for at least five years, if not longer.
o Tyrel looks for real estate investments and follows a buy-and-hold strategy to build long-term wealth. They have shifted their focus to mid-sized multifamily properties.
β What do you do for your health right now? What is your focus on health?
o Tyrelβs focus for health is on daily physical activity, including workouts with his wife, running, and kettlebell exercises. He also prioritizes mental and spiritual health through daily journaling, meditation, prayer, reading the Bible, and practicing gratitude.
o Tim focuses on maintaining his health through various practices, including daily workouts, reading the Bible, practicing affirmations, reading self-improvement books, seeking coaching in mental and emotional release, eating healthy, and enjoying activities like sitting in a sauna and taking cold plunges.
β How do you know whether you're winning or not?
o For Tim, winning in life is a combination of what his family and friends think of him and what impact he has created in the world. He measures his success by evaluating whether he is loving and kind to his children and wife and whether he has created something impressive that can bless other people.
o Tyrel believes that he is winning when he feels at peace and satisfied with the situation and when his family is healthy and happy. Spending quality time with his loved ones and engaging in enjoyable activities also make him feel like a winner.
β What brings you the most joy in life right now?
o Tim finds the most joy in his life through spending quality time with his wife and three young children. He imagines himself in the future, scrolling through pictures on his phone, and realizes that the memories of spending time with his family are what he will treasure the most.
o Tyrel says that what brings him the most joy in life right now is spending time with his wife and kids. Specifically, he enjoys having date nights with his wife, where they can have essential time alone and just be with each other.
o Outside of his family, Tim and Tyrel find the most joy in motivating and inspiring others. They enjoy connecting with people, looking them in the eye, and encouraging them to believe in themselves. They both share a love for empowering others and seeing them succeed.
Connect with Tyrel!
Instagram: @thetyrelrose
LinkedIn: Tyrel Rose
Connect with Tim!
LinkedIn: Tim Gurule
YouTube: Tim Gurule
Instagram: @guruletim
Want to learn more about creating multiple streams of income, wealth protection, financial freedom, or real estate investing? Join our investor club, check out our blog, get our free ebook on investing, or join us for our monthly Real Estate Investing Made Simple virtual meetup. Take the first to your wins in life and head on to http://www.valkeregroup.com.
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Key Quotes
βDoing hard things consistently makes you better. I think there's some level of ignorance is bliss, like if you don't know what you're getting into, if you don't know how hard it is from the start, but you want to commit to it.β β Tyrel Rose
βIt's important to know what motivates us and what drives us. To understand the psychology and the psyche of each of usβ. β Timothy Gurule
βYou have to have your own mission, your own purpose. Itβs got to be a strong one because when things get hard. It will hurt you won't be able to do it.β. β Ashton Levarek
