E256 Neil Timmins - Diversification, Expansion and Evolution of a Real Estate Investment Portfolio to Design a Lifestyle
Neil hails from Des Moines, Iowa. In 2004, Neil was a banker. That same year, his mother had her debut year as a realtor. She made twice what he made. It was then that Neil knew he had to move to real estate. Neil’s entry point into the industry was as a Realtor with RE/MAX. His team was recognized by the Wall Street Journal as a Top 100 team and he was the #1 RE/MAX Agent in Iowa by 29. Longing to quit forfeiting time for dollars, Neil moved into real estate investing.
Tyler and Neil’s wide-ranging discussion focused on Neil’s experience transitioning from a realtor and house-flipper to a real estate investor, how you can live the life of your dreams by investing in various asset classes and more.
Highlights include:
Warren Buffett’s investment methodology
How Neil became the number one RE/MAX real estate agent in Iowa
Neil’s experience trading time for dollars by fixing and flipping
Tyler and Neil’s first investment deals
Neil’s early investment thesis and his experience expanding into other asset classes
The cap rates of Neil’s neighborhood retail space
What a good investment deal looks like to Neil
Where Neil finds his commercial investment deals
Neil’s five reasons to invest in real estate
Inflation hedge
Neil’s market outlook
The power of hiring the right people for the right roles
Connect with Neil:
Website: https://legacyimpactpartners.com/
LinkedIn: https://www.linkedin.com/in/theneiltimmins/
Facebook: https://www.facebook.com/neiljtimmins
The following books and resources were mentioned in the show:
Unicorn Hunting for Real Estate Investment Companies: How to Easily Attract, Screen, and Land a Unicorn The Complete Hiring Funnel by Neil Timmins: https://www.landaunicorn.com
The Changing World Order by Ray Dalio
The Millionaire Mind by Thomas J. Stanley
The Richest Man in Babylon by George S. Clason
Confessions of a Real Estate Entrepreneur by James A. Randel
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This episode of Elevate is brought to you by CF Capital, a national real estate investment firm. CF Capital’s mission is to provide property investment and asset management solutions to help investors like you maximize their returns by investing in high-value multifamily communities.
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