An Interview With Tyler Deveraux – The Owner Of Multifamily Mindset

by | Aug 12, 2021 | Real Estate

1 – Q) Kindly give our readers an introduction to your business. Please include what your business is all about, in which city you are located and if you have offices in multiple locations/ cities.

A) Multifamily Mindset- An education & mindset company that provides new & seasoned investors with the training and support to acquire multifamily properties, maintain a positive growth mindset, and live a rich, full life! We have offices in both Utah and Maui, HI.

2 – Q) Kindly give us a brief description about yourself (it should include your brief educational or entrepreneurial background and list some of your major achievements).

A) I’m also the Co-Founder & CEO of The Multifamily Mindset and have trained 1,000’s of students to acquire and manage multifamily properties. I now live in Maui, HI with my beautiful wife Brittany and our two kids Paxton & Marley.

3 – Q) What inspired you to (start a new business venture) or (to make significant changes in an existing business)? How did the idea for your business come about?

A) After high school, I decided to save up my money and dedicate two years of my life to serve others. Through that experience, I realized that the greatest joy and the quickest way to find yourself is by serving others. Serving builds self-esteem, makes you feel like you have a sense of purpose, connects you with others, and magnifies gratitude for all that you have. That experience was life-changing, but replicating that feeling of purpose once I got home was difficult.

Starting The Multifamily Mindset was a way for me to replicate that in the real world. It was a way for me to give back by introducing others to the amazing possibilities of Multifamily real estate!

4 – Q) What three pieces of advice would you give to budding entrepreneurs?

A) Focus on the cause of money, which is creating value for others, and the effect will naturally happen.

Along those same lines, if you want to be valuable, turn inward for personal improvement! Be committed to continually improving yourself mentally, spiritually, physically, etc
Attack fear! Try things everyday that scare you! If you do that, instead of viewing failure as a negative thing, you’ll begin to view failure as a way to gain wisdom!

5 – Q) What would you say are the top three skills needed to be a successful entrepreneur?

A) Ownership! You have to take ownership for your success instead of trying to find someone to blame like the majority of people do.

Problem solving! Wealth is created by solving problems, not placing blame and the most successful people I’ve studied have the ability to look for opportunities to solve problems.

High Speed execution! The rate that you compound success will be determined by your speed of execution!

6 – Q) How many hours do you work a day on average?

A) The amount of hours someone logs at work is irrelevant! I am far more concerned with managing my focus and getting to the result as quickly and effectively as possible. If I manage my focus, I spend far less time in the office.

7 – Q) To what do you most attribute your success?

A) Belief! I have a strong belief in myself and a positive outcome because I have a strong belief in God. I believe in a loving God who wants to bless me with as much as I can handle. That means when things don’t go as planned, I don’t look to place blame or think it’s a curse, I look for ways to improve myself so God can trust me with more.

8 – Q) How do you go about marketing your business? What has been your most successful form of marketing?

A) MFM- We fully tapped into the power of social media by hiring some of the top marketers in the business. They are the top marketers for us because they know how to get results while keeping our values & morals at the forefront!

9 – Q) Where did your organization’s funding/capital come from and how did you go about getting it? How did you obtain investors for your venture?

A) MFM- My partners and I were fully self funded. We didn’t like the idea of becoming beholden to anyone. We knew that in order for The Multifamily Mindset to succeed, we had to be able to make decisions that were best for the students we serve. We obtained those funds from the money we’ve made investing in real estate.

10 – Q) What is the best way to achieve long-term success?

A) 1- Put your petty financial concerns aside and focus on providing value to others.
2- Stay humble, grateful, and generous!

11 – Q) Where do you see yourself and your business in 5 – 10 years?

A) MFM- We want to help over 1 thousand people acquire their first multifamily property.

Personally- I’ll still be chasing the next win, attending and supporting my kids at every event they have, and inspiring & blessing the lives of millions instead of thousands.

12 – Q) Excluding yours, what company or business do you admire the most?

A) I love Apple. They are organized, provide amazing service to their clients, and they are relentless in their pursuit of greatness!

13 – Q) How important have good employees been to your success?

A) Employees have played a huge role in our success. We have the best team of employees out there. People who fully buy into our vision and work tirelessly to achieve it. There’s zero chance we would be where are are without them.

14 – Q) How long do you stick with an idea before giving up?

A) First, it’s so important to realize that decisions aren’t permanent. Most of the time our biggest problem is that we’re not making decisions quickly enough, which keeps us stuck. We have to be able to make a decision and have massive certainty about it, or we won’t be able to execute at a high level! I’m not thinking about “giving up,” if it doesn’t work. I’m just trying to get one step closer to where I need to be, and with that mindset, that idea… good or bad… will absolutely get me one step closer!

15 – Q) What motivates you?

A) Success definitely motivates me, but not as much as fear does. I’d say my biggest motivation comes from the thought of death… the thought of passing away without making sure my family is taken care of and without making a gigantic difference in the lives of others!

16 – Q) What are your ideals?

A) Our motto is Positivity, Love, & Service. Positivity about circumstances is a choice, it’s about choosing the right perspective. Service is key to providing value and the key to wealth… you also love those you serve! So, Positivity, Love, and Service provide the aim for our company and me as an individual!

17 – Q) How do you generate new ideas?

A) My best ideas have come from creating space in my mind through prayer and meditation. Those practices produce a calm open mindedness that allows me to think more clearly and creatively!

18 – Q) How do you define success?

A) I believe that success can only be defined by looking inward and being happy with what you see. It’s not a destination but a way of life.

19 – Q) How do you build a successful customer base?

A) Don’t follow the majority. I believe that whatever the status quo is, changing it gives you the opportunity to be remarkable!

20 – Q) What is your favorite aspect of being an entrepreneur?

A) Freedom. Not freedom of time but freedom to make decisions that align with my core values for the good of those I’m trying to help! Also, the freedom to know that the only person who can limit my potential is ME!!

21 – Q) What has been your most satisfying moment in business?

A) Seeing the lives of those around me improve. An employee being in a position to buy a new car or a new house, a student improving their financial situation by acquiring apartments and/or improving their mindset, providing a work environment that allows someone to feel appreciated and thrive! Nothing is more rewarding than knowing your decisions help create that!

22 – Q) What do you feel is the major difference between entrepreneurs and those who work for someone else?

A) First, there is nothing wrong with working for someone else as long as that aligns with your purpose. With that said, I would still say belief is the major difference. Entrepreneurs believe they will make a difference by leading, employees believe they will make a difference by following.

22 – Q) What kind of culture exists in your organization? How did you establish this tone and why did you institute this particular type of culture?

A) There are few things that I’m more protective about than culture. Culture will trump strategy all day!! Because of that, our culture is clearly defined by our ideals I mentioned earlier, Positivity, Love, & Service. If we stay positive… solution oriented… and focused on finding ways to Become Better…. We will progress as individuals & as a company….. Our students, those we serve, will also progress! Service and Positivity go hand in hand….. it’s almost impossible to be negative when we’re lovingly serving others. Lastly, you love those you serve… that I’m positive about! People in a tough spot often focus on their own problems when the answer usually lies in fixing someone else’s.

So, how did we establish that tone and how do we maintain it? By talking and training about it constantly and correcting each other daily!

23 – Q) In one word, characterize your life as an entrepreneur.

A) Blessed!

24 – Q) If you had the chance to start your career over again, what would you do differently?

A) Fail earlier and more often!

25 – Q) How has being an entrepreneur affected your family life?

A) Being an entrepreneur has allowed me to pursue things that bring me fulfillment, and that ultimately makes me a happier person, both at work and at home. That has been a huge blessing to our family!

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