Episode 243: The Art of Passive Income through Investing, with Neil Timmins
Neil’s entry point into the Real Estate industry came after a few short years in banking. Recognized by the Wall Street Journal as a Top 100 team and the #1 REMAX agent in Iowa by the age of 29, Neil had solidified his role as a force in the industry.
Having completed hundreds of Fix & Flips, Wholesales, Wholetails, Novations, and Owner Financed deals, Neil longed to quit forfeiting time for dollars. After building a portfolio of single-family rentals to produce passive income, he found the strategy to be anything but passive.
Neil however, didn’t go looking for his first commercial deal, he actually stumbled into it. Since then, he has refined the process of analyzing and buying commercial properties that produce stellar cash flow.
Neil has been involved in over $300,000,000 in real estate transactions. While his holdings in commercial asset classes include apartments, office, mobile home parks, and self-storage units his passion is industrial property. Neil now has verticals in residential real estate, multiple commercial asset classes, brokerage, publishing, and a successful podcast.
Neil and his wife Emily are the proud parents of three active teenagers. The apples do not fall far from the tree as those who know Neil would say he is a competitor by nature whether for the biggest fish on a deep-sea fishing trip, the best ribs at a barbeque, or playing football back in his day at his alma mater the University of Nebraska at Omaha as a Maverick. Neil is always up for travel, spending time on the water, and of course meeting people interested in learning about and investing in commercial properties.
What You Will Learn:
- Who is Neil Timmins?
- How did he become an Agent?
- Neil shares his experience and how he got into investing.
- Neil started with single-family investing.
- How did he start his team?
- The idea of passive income in the single-family world.
- To effectively employ dollars, it requires a stretch geographically.
- How does Niel identify the areas where he is looking for the properties?
- Neil is not just personal, but he is investing with others and helping raise capital.
- Investing is about generating passive income while your asset value grows so your net worth grows at the same time.
- Why is commercial such a big opportunity?
- What’s one of the pitfalls that new commercial investors should look for and can avoid?
- Neil shares how he can be contacted.
Additional Resources from Neil Timmins:
- Website: https://podcasts.apple.com/us/podcast/passive-real-estate-investing-with-mavericks/id1606033254, www.legacyimpactinvestors.com
- Phone: +1 (515) 556-9674
- Email: neil@legacyimpactinvestors.com
- LinkedIn: http://www.linkedin.com/in/theneiltimmins
- Facebook: https://www.facebook.com/neiljtimmins
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