The Thrill of the Deal: Tim Armstrong's Creative Finance Wins

Get Creative with Pace Morby

Welcome to a new episode of Get Creative! Today, host Keola Keala is joined by Tim Armstrong, who shares his journey from being a carpenter working on high-end homes to mastering the art of creative real estate investing. In this episode, we dive into how Tim leveraged his background in construction to navigate the competitive real estate market, his approach to creative financing, and the lessons learned along the way. Join us as Tim discusses his first successful deals, the power of persistence, and the importance of community in the world of investing.

Highlights:

"If you're on the fence, get off. It's either join or don't join. That part in the middle is the worst place to be."

"You gotta paddle into it yourself. You got to take your lumps, and then you're going to get a ride of your life."

"I didn't realize that I was that persistent, and it's not difficult. Most times it's you talk yourself out of doing something."

"These are the best friends that money can buy, and it's so true. You're part of a community now that wants to do the exact same things that you do."

Timestamps:

00:01 - Introduction to the podcast and Tim Armstrong

02:29 - Transition from carpentry to real estate

04:28 - Attraction to the real estate community

05:47 - Surfing analogy and community engagement

07:35 - Emphasizing persistence in real estate

10:05 - Discussing a specific creative deal

15:36 - Finalizing the deal and key lessons

19:02 - Exploring partial fix and flip strategies

22:35 - Action-based learning and adjustments

26:49 - Financial outcomes of the deal

29:01 - Biggest lessons learned from the experience

32:38 - Tim's advice for those new to real estate

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