The REI Concierge Podcast Tim's story of real estate investing
5 snips
Mar 19, 2021 Tim Robinson, a Licensed Real Estate Agent with two decades of experience, shares his journey from IT sales to thriving in real estate investing while living in the Netherlands. He discusses the complexities of tenant relationships and the significance of maintaining respectful interactions. Tim also dives into navigating real estate partnerships and the importance of aligning goals. Beyond real estate, he enjoys family adventures and outdoor activities, encouraging listeners to take proactive steps in their own investment journeys.
AI Snips
Chapters
Books
Transcript
Episode notes
First real estate investment
- Tim and his wife became private equity lenders before buying more properties.
- They lent money to a flipper at 12% interest, which boosted their confidence.
Rapid growth phase
- After their first investment, Tim and his wife bought a larger house using a HELOC.
- They then bought a three-unit property in Baltimore and Tim learned to renovate.
Tenant experiences
- Invest in nicer properties in good areas to attract respectful tenants.
- Be prepared for occasional nightmare tenants, especially with lower-priced rentals.
