Dr. Tyson Cobb, a veteran orthopedic surgeon and savvy investor, transitioned from stocks to real estate, amassing a $628 million portfolio in multifamily, triple net commercial properties, car washes, and self-storage units. While still practicing surgery one day a week, he dedicates most of his time to researching and underwriting real estate deals. Tyson collaborates with partners and qualified investors on meticulously vetted opportunities, focusing on risk mitigation and consistency. Beyond his investment work, he passionately supports charitable organizations assisting the less fortunate.
Here’s some of the topics we covered:
- Tyson’s Quick Start Into Multifamily
- How Being A Doctor Can Help With Multifamily
- Raising Money and Being a Team Player
- Networking Is The Key To Raising Money For Deals
- Controlling and Overcoming Fear
- What To Do If You Haven’t Taken Action Yet
- The Opportunities In The Current 2023 Market
To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com
Full Transcript Below
00:00:00:00 – 00:00:18:14
Rod
Welcome back to multifamily rock stars. So as you guys know, this is where we interview people that are just flat out crushing in our business. And we’re showing you the inside scoop as to how they’re creating success not just in their businesses but also in their lives. And as always, I’ve got my co-host who’s the director of our massive action team for my warrior group, Mark Nagy.
00:00:18:16 – 00:00:24:10
Mark
Good to see you again. Looks like and you’ve been on back to back vacations recently, so I’m a little jealous.
00:00:24:12 – 00:00:48:21
Rod
Yeah, it’s been a little crazy. I was in Italy for 18 days and I can at 15 know San Antonio speaking at an event in Miami. Yeah, Yeah. But we’ve got an awesome interview for you guys today. See, I’m semi-retired Orthopedics surgeon named Tyson Cobb, and Tyson still does the orthopedic surgery one day a week, but he’s just been killing it in real estate.
00:00:48:21 – 00:01:05:17
Rod
In fact, he’s kind of a poster child, in my opinion, for the warrior community because of his incredible success in such a short amount of time. So he joined the program at my Denver event in July of 2022. And since then, he’s been involved in over 4000 units just in that short amount of time, just a little over a year.
00:01:05:19 – 00:01:10:00
Rod
So very excited to hear from him. Well, welcome to the show, brother. Glad you’re here, man.
00:01:10:06 – 00:01:11:01
Tyson
Thank you. It’s a pleasure.
00:01:11:01 – 00:01:25:15
Rod
To be here. Why don’t you do a better job of an intro than I just did And just give us a little background on who you are and why. Real estate? Because, I mean, you know, orthopedic surgeons, you know, from what I know, makes some pretty damn good money. So it’s like, why would you even mess with it?
00:01:25:15 – 00:01:29:03
Rod
So if you could elaborate on that, I’d love to hear it. Yeah, I grew.
00:01:29:03 – 00:01:54:02
Tyson
Up in Texas on a farm and ranch, so my first introduction to real estate was Ranch Ground and Farm ground continued use of farm ground in the Midwest. Here. Been an orthopedic surgeon for over 25 years, left my group in 2019 and moved into real estate, allowed me to qualify as both a professional, and that did some wonderful things for my taxes and wealth growth.
00:01:54:04 – 00:02:12:01
Tyson
And it’s just been a fun ride. Join the Warriors in Denver last year in July. So it’s been a little over a year and I’m in 34 different deals now and about a third of those are in a restaurant.
00:02:12:03 – 00:02:23:04
Rod
That’s fantastic. Talk about why you joined the program in any maybe. Aha moments that you had when you when you were maybe you’re at the boot camp or since the boot camp.
00:02:23:07 – 00:02:52:17
Tyson
Yeah. So I joined to learn more about Rose. Stay get in the right groups network. And the big aha moment was when I was sitting in your boot camp in Denver. I had just recently reached out to one of my old investment sponsors to help me syndicate a deal that I found locally. And we worked on that for about a month and walked away from it because the numbers didn’t work.
00:02:52:20 – 00:03:06:23
Tyson
And he said, You know, I can tell you want to be in on the end of this thing. You said once, you just join our team on the in San Antonio that you already invested in. That’s not to be great. What would you want me to do? You say, can you raise capital? And I said, I don’t know.
00:03:06:23 – 00:03:25:07
Tyson
I never thought about it. I said, I’ll make a few phone calls and just called some friends and, you know, didn’t even try to sell the deal, just said, Hey, here, this is what I’m getting into. This is why I like it. And we have some spots open, you know, if you want them. And then a week I was done about the same time I flew to boot camp.
00:03:25:07 – 00:03:40:21
Tyson
And in Denver. And you’re saying this is a team sport. You should really try to learn as much as you can and understand everything that you only really have to be good at one thing and like came on in. And so I’ve been joining teams and raising capital since, you know.
00:03:40:23 – 00:04:00:00
Rod
I mean, there’s a lot of money in the medical community and it’s very difficult to get close to doctors because they’re so well insulated with their support staff and everything else. I, I have warriors that do medical device sales and pharmaceutical sales, and it’s always such a hurdle to get to actually get in with a doctor. And you’ve already got that incredible Rolodex.
00:04:00:00 – 00:04:20:01
Rod
And I’m sure you’re in numerous trade groups that have medical professionals in them as well. And so, I mean, it’s kind of a no brainer for you to be raising money. I mean, that to me, that just makes complete sense. You know, I’ve got a question. You know, do you think there is a particular type of person that’s best suited for this business based on what you know so far?
00:04:20:07 – 00:04:39:21
Tyson
Well, as you point out, as a team sports, I think you probably need different personalities and different roles. But, you know, I think anybody that’s interested can, you know, can find a role and make it work. You know, I’m a bit of an introvert, so I’m probably not perfectly suited for capital raising. But when you find good deals, they sell themselves, you don’t have to sell.
00:04:39:21 – 00:05:16:07
Tyson
It is presented. And so I’m a researcher and I’ve been a researcher all through my medical career and I enjoy research. So it was an easy fit for me, but I didn’t recognize it right off right off the bat. But, you know, I’m I’m researching a team. I’m looking for strong teams that have a good track record and that I think can continue to do the same, that have a good property with some meat left on the bone and a lot of upside and no red flags and looking for good areas with a lot of job growth, low crime, someplace that I’d want to live in.
00:05:16:07 – 00:05:34:02
Tyson
If I could check all three of those boxes, I, you know, I’ll pull the trigger and get it. And it’s easy to bring people in with you because everybody’s looking for a good investment, particularly in the medical community, because I think we get fed a lot of really bad investments. I could name you a lot. Yeah.
00:05:34:04 – 00:05:52:10
Rod
Oh, really? You know, let me let me interject something here. You know, I will tell you, you know, the reason I think it’s so perfect for you, it obviously is because you’re already massively successful in raising money and deals is, you know, medical professionals are so busy. I mean, you know, I mean, they’re literally they have no life.
00:05:52:10 – 00:06:11:08
Rod
They they have no time for anything, for any research. So they’re they’re kind of you know, I could see why they could be vulnerable to, you know, deals, you know, nefarious deals or stupid deals and so on and so forth. So when someone credible like you and I know you invest your own money and the deal comes along again, it’s it’s it’s kind of a no brainer.
00:06:11:08 – 00:06:33:22
Rod
So, you know, I by the way, let me interject one thing, guys. You and Tyson knows this and Tyson is actively involved in all those deals that he raises money for because you cannot just raise money for a deal. You have to be actively involved. And so, you know, Tyson, I’ll go to the you know, be involved in the due diligence and the underwriting and play a role in the ongoing asset management calls and so on and so forth.
00:06:33:22 – 00:06:55:21
Rod
And and you have to do that. Otherwise you have to have a series a license with the SCC, but you can absolutely raise money for these deals. It’s a fantastic in fact, that’s probably the fastest way to get acclimated to a team right now. I’ve got my warrior event coming up next weekend in Phenix and and I just told us to another warrior earlier today actually there was complaining he hasn’t got a deal yet.
00:06:55:21 – 00:07:11:14
Rod
I said well, you know what can you do? I said, can you can you find deals? And he said, I’m not sure. You know, I still need to practice my underwriting. I said, Can you raise money? He said, Yeah. I said, Well, I’m going to tell you, in this current economic environment, finding deals is the easy part. Raising money is the hard part.
00:07:11:16 – 00:07:26:07
Rod
So if you go to this warrior event, there’ll be dozens of teams there that you can meet and see who you like and and and and see about raising money for one of their deals. Now, again, you have to do more than that. But but you can’t just raise the money You’ve got to be involved in some other pieces of it.
00:07:26:07 – 00:07:35:24
Rod
But that’s a fantastic way to jump on a team and get a deal on your resume almost immediately. So love it that that’s the direction you went with this.
00:07:35:24 – 00:07:54:04
Mark
Tyson So something that I’m curious about and some people listening may be thinking the same. What was the benefit to you? Tyson To even be a GP and be actively involved in these deals? Why not just, you know, as a high income earner, just continue to invest passively in deals and make some cash flow and ride off into the sunset?
00:07:54:04 – 00:07:54:19
Mark
One day?
00:07:54:20 – 00:08:17:00
Tyson
Well, as you know, I mean, you get a little bit bigger cut of the action than you do as a as an LP, and I enjoy it. I think it’s fun to be part of part of the team. I yeah, I love learning new things, learning all the different aspects of value add and creating additional funds and forcing appreciation.
00:08:17:00 – 00:08:34:02
Tyson
I mean, all that’s fascinating to me. I will point out one thing being in 34 different deals right now, I was I was going all over. There will be enough hours in the day because as I pointed out, you know, you got these Zoom calls every week. I mean, some of these properties will have three Zoom calls in a week because there’s still heavy lives.
00:08:34:02 – 00:08:49:11
Tyson
There’s a lot of stuff going on. So I do enjoy the LP investment as well because, you know, all of that works up front. You just do your due diligence, check all the boxes and then you just pull your K1 once a year. Yeah, yeah. Well, a.
00:08:49:11 – 00:09:09:12
Rod
Lot of people that invest passively in deals think that there is, you know, they don’t have to do anything. They just, hey, I like this person. I’m going to put money in. That’s a big mistake. And I created a what we call our cash flow club, which is a free resource. It’s an educational resource. I think it’s the best out there by far if you go to I think it’s cash flow.
00:09:09:12 – 00:09:31:03
Rod
Clubcard or if you go to CRE, capital C, r, E capital dot com, there’s a, there’s a button there. You can join the cash flow club. There’s videos there, free books there, there’s articles, there’s emails, there’s a complete resource section that’s bigger than anything I’ve ever seen out there. So there’s a lot of resources for you to educate yourself a little bit about this business before you give your hard earned money to someone.
00:09:31:08 – 00:09:44:23
Rod
And so I would encourage you to do that. You know, one of the books is a list of questions you should ask a general partner before you get do a deal with them, because, you know, there are a lot of operators are out there a little wet behind the ears. And so you want to be careful because it’s your hard earned money.
00:09:44:23 – 00:09:58:20
Rod
And, you know, although multifamily is probably the safest and best investment I can think of, definitely in the real estate space and probably in general, you still have to do some homework. And so don’t just throw your money at someone would be, you know, my advice.
00:09:58:23 – 00:10:09:16
Mark
What are the people that you look for? Tyson You know, not necessarily even just passive. It could be the active deals you’re involved in as well. What are some things that you look for in the partners and other people on your deals?
00:10:09:16 – 00:10:10:23
Rod
You know, I look for.
00:10:11:00 – 00:10:31:20
Tyson
You know, a solid team. Do they have the resources to get it done? More importantly, have they have they done it? Do they have a good track record? You know, I mean, once you once you have the opportunity to look over, you know, where they’ve been, what they’ve accomplished and where they’re going, you can pretty quickly get a, you know, a good feel for that.
00:10:31:20 – 00:10:39:06
Tyson
And then, of course, you want to make a few phone calls and talk to the people that know people. You know, it’s research. Yeah.
00:10:39:07 – 00:10:59:10
Rod
This is a very small business. You know, I will tell you, if people think this is this huge business, it’s a small group that’s involved in this proportionately to the number of deals that are out there. And everybody knows everybody and everybody knows who’s in trouble. Everybody knows who’s who’s who’s got some you know, some some hair on them and you want to be careful of and so on and so forth.
00:10:59:10 – 00:11:12:03
Rod
You can make a few calls and get a lot of information. Let let me ask you this, Tyson. What’s been the most challenging part of this for you as you been progressing? What’s what’s been the biggest, biggest hurdle that you’ve encountered.
00:11:12:05 – 00:11:34:17
Tyson
Or There’s been a lot of hurdles? You know, I think the biggest one was just breaking through in the you know, in the early phases. I was studying this and and, you know, I read your book and listen to your podcasts and read other books, you know, as you try to transition from book knowledge to actually pulling the trigger.
00:11:34:19 – 00:11:58:07
Tyson
You know, there’s a fear factor there. And, you know, I think we’re we’re all we all have to deal with that. I rode bulls professionally before I went to medical school, so I know a little bit about controlling fear. But, you know, it creeps up in it and it causes you to hesitate and you continue to analyze and you get the analysis paralysis thing going on.
00:11:58:09 – 00:12:16:11
Tyson
And as Joyce Meyer says, do it afraid or as John Wayne says, courage is being scared to death and saddling up anyway. So, you know, once you’ve taken your time to get ready and you take your time and you aim and you checkbox, you just had to pull the trigger and move ahead. You know, if you pull the first trigger, it gets easier.
00:12:16:11 – 00:12:27:03
Tyson
Pull the second trigger, and after you pull the second trigger, it gets easier to pull a third. And after a while it is comfortable gunslinging. And, you know, you just move through. But you still have to go through that sequence every time.
00:12:27:06 – 00:12:43:15
Rod
I love the Wild West metaphors there, brother. I just saw John Wayne is his acceptance speech, and I think it was 1968 for an Academy Award. It was really good, actually. You know, you talked about fear. Do you feel like having the warrior community around you has helped with that at all?
00:12:43:17 – 00:13:06:10
Tyson
Oh, for sure. There’s no question about that, because, you know, I have so many connections now that I can pick up the phone and call if I’ve got something that I don’t feel comfortable with. Right. You know, so, you know, being able to make a quick phone call and and confirm that my suspicion is correct and then move on, just put you in a much more comfortable space because otherwise you’re thinking, I should have done that.
00:13:06:10 – 00:13:17:04
Tyson
Yeah, I should’ve done that deal. That wasn’t such a bad red flag. Right. But as soon as you make a phone call to somebody that has more experience and more knowledge and they’re like, Nope, no, do it now. You feel good about it, go on with life.
00:13:17:06 – 00:13:34:22
Rod
Or a firm, you know, or a firm instead of, you know, negate. Maybe it may be a firm, a decision you want to make. By the way, guys, if you’re interested in the warrior program to apply, you text the word crush to seven two, three, four or five. You know, our warriors now own somewhere between 170 and 180,000 doors.
00:13:34:22 – 00:13:57:24
Rod
I think it’s pushing 180. We’re counting all the time. It’s we have a training call today and I get the list of all the deals that have been done in the last two weeks since we had our last group training call. And it’s a pretty staggering number of deals just in the last two weeks. So, again, if you want to apply your set up a call and you text crush to seven two, three, four, five, and we’ll check you out, you check us out.
00:13:57:24 – 00:14:17:12
Rod
And if it’s a fit, it’ll be the best decision you ever made in your life. And if it’s not, you’ll still leave the call better than when you got on it. So next question I have for you is what words of wisdom would you share with aspiring commercial real estate investors? A lot of people listening, maybe they’re introverted, maybe out of their own fear.
00:14:17:16 – 00:14:25:23
Rod
They’ve never taken action with this. They know they want more out of life, but they’ve never taken the ball. And and push forward. What would you say to them?
00:14:25:23 – 00:14:48:12
Tyson
TYSON Well, I think, number one, I mean, you want to find a mentor. And in addition to a single mentor, I think you want to find groups like the Warrior Group so that you can get in with a lot of people that have talents in a lot of different areas. So as you pointed out, this is a team sport and you need to know people that did know things in different areas.
00:14:48:12 – 00:15:15:06
Tyson
And and having a large community is huge. So as an orthopedic surgeon, it was easy for me to be a lone wolf. And you can do that in orthopedic surgery, but you can’t do it. Real estate, your network is is what makes a difference between, you know, being able to really get some stuff done and and not. So yeah, deal flow right now is 100 fold what it was a year ago.
00:15:15:08 – 00:15:18:08
Tyson
Just being in the right groups and knowing people.
00:15:18:10 – 00:15:43:15
Rod
Yeah I will tell you when New Warriors join our program I always have a call with them and the one thing I tell them every single time is that we discovered, I don’t know, three and a half years ago, our most successful warriors by far are the ones that are most connected in the group. And I know you come to a lot of the events and to connect and you know that is that honestly that’s and I tell people I tell the warriors this and I like you know, I think they look at me a little crazy that that is actually more important than learning the business.
00:15:43:19 – 00:16:00:11
Rod
And that is those connections. Because by virtue of those connections, you’ll learn the business. And and like I said, so we started doing things you know, when I discovered this three and half years ago to help facilitate those connections between our warriors, like the Warrior only events. This is like our fourth one. And, you know, we have breakout calls on every other week.
00:16:00:11 – 00:16:15:09
Rod
We when we don’t have our training, we have Q&A calls, and we we do a breakout for a Warriors to meet each other like speed dating. And we connect warriors with the warriors who live in their states. So we started doing everything we can to help facilitate that. But because that is really one of the biggest pieces to the business.
00:16:15:09 – 00:16:24:14
Rod
So I don’t care if you join the Warrior program, frankly, but if you’re going to do this, you definitely want to be around other people that are doing it. That is the secret one of the biggest secrets to success in this business.
00:16:24:18 – 00:16:52:16
Mark
So were the people thinking about getting into this and people listening to this excited about this. Obviously, the market shifting, right? You talked about, you know, offers prices going down, things like that ties in. You’re in tons of deals, I’m sure, all over the place. And even just me. I just got an email yesterday from a broker in Jacksonville, my major market, and it said in the last 12 months, cap rates have gone up over one and a half percent, which obviously for people listening, that means prices have come down enough to where the NOI has gone up a point, a point and a half.
00:16:52:16 – 00:17:02:07
Mark
Basically, if you buy the deal in cash, what are you seeing out there, Tyson? What sorts of opportunities, what are what are you seeing with the market shifting at the moment?
00:17:02:09 – 00:17:12:08
Rod
Well, let me let me enhance that question. Do you feel like it’s shifting? Are you seeing more deals than you saw before? I just just I’d like to hear how you feel about where we are right now. Yeah.
00:17:12:10 – 00:17:35:20
Tyson
Yeah, for sure. I mean, as you as you pointed out earlier, the sale price, I mean, the sellers are having to compensate for what’s happening in the economy right now because the numbers don’t work anymore. So multiple deals that did have recently closed, one of them was set up to close in April this year. And, you know, a few things kicked it behind and then the interest rates went up.
00:17:35:20 – 00:17:53:13
Tyson
The numbers didn’t work anymore and the sellers finally came, came around. But initially they they refused and used that to walk away from the deal. If the number doesn’t work and the sellers aren’t stupid, they figured out pretty quickly that they’re going to have to adjust that price and that’s what they’re doing.
00:17:53:15 – 00:18:21:09
Rod
Yeah, that’s starting to happen right now. Like, like I said, those two examples, I have one of 28 million now available for 20 that we wrote an LOI on and and another another one about the same to 28 to like 18 to 20 as well. And these are deals that that look like they’re going to happen for us which is just extraordinary and you know so those numbers make sense now and you know and thank God the Fed left the rates flat.
00:18:21:11 – 00:18:40:24
Rod
We’re thrilled that they didn’t raise their rates again and pray to God they start lowering. The problem is the, you know, such a strange economy that we’re in right now with with there’s still a big demand for housing. Jobs are still okay. I think they are softening, though. I think the jobs are softening. But I did a Facebook live last night about, you know, the fact that there’s so much commercial debt.
00:18:41:04 – 00:19:06:19
Rod
It’s held by small and regional banks. Like I want to say it, I’m trying to think of what the number was, a huge number like just 300 billion, more than 300 billion this year alone is coming due. And you know, those those people either have to refinance or sell. Sales are down 85%. Refinancing is hard because, you know, because if their if their payment has gone up, their debt service coverage ratio has gone down.
00:19:06:19 – 00:19:23:02
Rod
So so when a bank, you know, looks at a loan or a lender looks at a loan for a commercial piece of property, they’re looking at the properties ability to service that debt and they want to see that the property supports that debt. And of course, that the mortgage payments have gone up because the rates have gone up, then that makes it very difficult.
00:19:23:02 – 00:19:42:04
Rod
So these guys that want to refinance either have to put money into their deals are very often they have to do that. Plus they have to buy a recap, you know, to cap the rate. And I will tell you, if you hadn’t heard me talk about this before, I’ll give you an example, a recap for a $100 million deal back in 2020, before COVID for three years.
00:19:42:04 – 00:20:05:20
Rod
So you cap the rate for three years at 3%. It wouldn’t go up more than 3% of what that rate was at the time you close the loan. So three year, 3% rate cap, 100 million was $23,000. That same rate cap today, forget three years. You can’t get three years for one year is 2.3 million. So not only they have to put money into the deal to get the loan down to the debt service coverage ratios where it needs to be, but they also have to buy a rate cap.
00:20:05:20 – 00:20:25:17
Rod
So a lot of these deals are in big trouble. And so, you know, I think you’re going to see some more bank failures. And that was my that was my headline of my Facebook Live. Our bank failure is looming. I believe they are. And so, you know, just be careful. But not trying to scare you. I’m trying to get you excited because with all that, there will be a lot of deals.
00:20:25:17 – 00:20:33:06
Rod
We’re starting to see them now. And, you know, the biggest money is made in times like this. So there you go. Would you say.
00:20:33:06 – 00:20:44:11
Mark
To those people, Tyson, to the people that are thinking, oh, well, I’m just going to wait until rates come down before I start jumping into multifamily doing this. What would you say to those people thinking that right now?
00:20:44:13 – 00:21:04:05
Tyson
So you don’t want to do that? So these deals that Rod’s talking about, they went from 28 to 20 or whatever the number is, those they’re going to turn around and go back the other direction when the rates come down. So there’s a ton of people on the sidelines right now. There aren’t as many buyers. Sellers are having to compensate more than they have in many, many years.
00:21:04:07 – 00:21:29:02
Tyson
And when the rates start coming down, the price on these are going to start coming up. So, you know, we’re set to provide another wave like it guys did back in oh eight. I don’t think we’re going to be that big of a wave, but it could be. But for sure, the numbers you just stated, they’re going to turn around and when interest rates drop, prices are going to start going up.
00:21:29:04 – 00:21:47:14
Rod
You better believe it. You better believe it. So one last question, brother, and I really appreciate your time. I know how crazy busy you are. I like to ask this question to the to the people I have on the show that are super successful. If you could go back in time, what might you tell 18 year old Tyson with what you know now that you might do differently and maybe nothing?
00:21:47:14 – 00:21:55:07
Rod
But I’m just curious if if if you went back in time, if there was anything you might do, you might tell your younger self to do differently.
00:21:55:09 – 00:21:57:09
Tyson
In life or real estate?
00:21:57:11 – 00:22:05:24
Rod
Both. I’d love to hear both, especially since you asked the question that way. I’d love to hear for yourself. So because you’re obviously think of something in life as well.
00:22:06:01 – 00:22:15:00
Tyson
You know? So in real estate it’s easy. You know, I think, you know, you have to prepare, you have to aim, but you have to pull the trigger, too. And in.
00:22:15:02 – 00:22:15:10
Rod
All the.
00:22:15:10 – 00:22:32:21
Tyson
Deals that I look back over, I wish I had done differently. Most of them were deals that I didn’t do. I walked away from because I just I wasn’t comfortable and trigger in life. I met the guy that wrote this book. It’s called The.
00:22:32:23 – 00:22:37:20
Rod
I was just going to say the book title because some people aren’t watching. So it’s what matters most. Okay.
00:22:37:22 – 00:23:05:08
Tyson
Got a big question mark on the on the front. And I say that because there are multiple books with that same title. And this guy’s name is Brian Groan. He was at a Rose State meeting in in Denver 2019 and he has the five F’s. And this is Faith, Family, Fitness, finance and friends and recently read a book by Huntsman called Winners Never Cheat.
00:23:05:10 – 00:23:09:02
Rod
Oh, that’s a good book about integrity love it.
00:23:09:04 – 00:23:29:14
Tyson
And he had just it’s one which is philanthropy, which is not obviously an F, but it’s a rules of thumb. So you can do it. But, you know, the Brian’s position on these on the five F’s or if you choose to add the last one to success is you have to be intentional about doing these every day in his life changing when you do that.
00:23:29:14 – 00:23:52:13
Tyson
So we make decisions in life and we think that we’ve made a decision and we’re done. But actually, every day when the sun comes up, you have to make that decision again. So if your decision is to is to get in shape, you got to get up, go the gym in the morning. And you know, if your decision is to do a better job with relationships, you have to do something intentional to do that.
00:23:52:15 – 00:24:12:06
Tyson
If you’re going to do something finance wise, you you know, what’s the one thing that I can do today to, you know, take down another deal or raise capital for the next deal or whatever, whatever the mission is. But, you know, you have to systematically work through that. And I find that time blocking works well for me. Yeah.
00:24:12:06 – 00:24:26:16
Tyson
So I’ve got a time for all of those things. And I, you know, try to do that to the best of my ability and, you know, you fall behind. But as long as you have that mindset, you catch up at the end of the week when you put some stuff aside because you were busy doing something else, right?
00:24:26:18 – 00:24:34:24
Rod
Yeah, you’ve got the intention. What were those again? I’ve got finance, faith, fitness, family, philanthropy. Am I missing one?
00:24:35:01 – 00:24:41:13
Tyson
C, finance, faith, family, friends. And I say finance.
00:24:41:15 – 00:24:52:00
Rod
Yep, yep, yep. Friends. Okay. I missed friends. Got it. Okay. From friends, finance, faith, family, friends, fitness and philanthropy. Love it. I love it. I love it a.
00:24:52:00 – 00:25:12:19
Tyson
Lot better than I used to. Is I schedule stuff with friends. You know, I meet with some of the folks from the Warriors group. We do activities. We talk about deals, why we’re there. So it’s you know, it’s kind of a mini met for mine. But those those are, you know, helpful for further in that relationship. And you have to be intentional about those things so that doesn’t happen.
00:25:12:21 – 00:25:26:05
Rod
Or they don’t happen. Yeah. Yeah, absolutely right. Well, listen, thank you, brother. I appreciate you being on very much. And it’s great to see you. And I’m sure we’ll see each other again very, very soon if not Phenix next week. We’ll see you at the next one. So I appreciate it.
00:25:26:07 – 00:25:37:21
Tyson
Thank you very much. And thank you for all your hard work with the Warrior program. It’s really, really important. And and it it’s done wonders for my Rose Day career.
00:25:37:23 – 00:25:39:06
Rod
Thank you, buddy. Appreciate that.
