Tim VanWingerden

Midwest Multifamily #CRE broker

[Tim VanWingerden @tim_vanwing]

5 years ago I thought I'd be selling flowers. I had no idea I would be a #CRE broker let alone in the Real Estate industry.

Here is how it all started:

[Tim VanWingerden @tim_vanwing]

I try to operate under the premise that everything I do is going to take work. Hard work.

I still somehow seem to underestimate the amount of work things take.

[Tim VanWingerden @tim_vanwing]

@TonyKim_CRE 14 days

[Tim VanWingerden @tim_vanwing]

@CarfaroMattRE Not at all. I’m just saying I can understand the frustration when the algo changes unexpectedly, but I don’t see anyone playing victim when this happens.

[Tim VanWingerden @tim_vanwing]

@seandsweeney I’m seeing that with the cost of construction going up, some land deals only work with it being rolled up as equity.

[Tim VanWingerden @tim_vanwing]

@moseskagan Would like to see some data here. Top debt brokers vs top inv sales brokers and how the comp differs

[Tim VanWingerden @tim_vanwing]

@constantraise @thejon_ortner The homeschool stereotype sucks because of the fringe 1% that were robbed of key social experiences.

[Tim VanWingerden @tim_vanwing]

@constantraise @thejon_ortner I’m trying to change the broker stereotype one deal at a time. 😂

[Tim VanWingerden @tim_vanwing]

@constantraise @thejon_ortner Homeschooled here and couldn’t disagree more

[Tim VanWingerden @tim_vanwing]

@chloecypers @chloecypers This is next level. Going to try this and will report back.

[Tim VanWingerden @tim_vanwing]

@zachmolzer You golf 4 hours each week and I’ll cold call an extra 4 hours each week.

In 1 year I bet the cold calling will yield more opportunity.

You will have great relationships on the green, but the time to learn plus time it takes is too long IMO.

[Tim VanWingerden @tim_vanwing]

@CREdebtlawyer 100%. A bunch of lenders I’m talking with are telling me they aren’t even considering new relationships, only existing ones.

[Tim VanWingerden @tim_vanwing]

@investing_law If you only use big words and complicated jargon it’s usually from a lack of understanding

[Tim VanWingerden @tim_vanwing]

@Jeffdthompson @Jeffdthompson where are you heading to next?

[Tim VanWingerden @tim_vanwing]

@RealLifeRentals I'm glad all of us feel the same way. BiggerPockets is what got me into real estate, but I haven't been listening to any of their content for years now.

[Tim VanWingerden @tim_vanwing]

I talked with an investor this week who sold 80% of his portfolio in '21-22.

He was underwriting over 50 deals a week to purchase and as he saw the market get aggressive, made the decision (like many) to start selling off.

Now in 2023, he is buying again. He says he is underwriting hundreds of deals before one even qualifies for a LOI and it took him over 18 months to get an accepted offer under contract.

The market observation, persistence, patience is commendable. If you want to be a good steward your capital and OPM, this is the way.

#CREX #RETWIT #CREMULTIFAMILY

[Tim VanWingerden @tim_vanwing]

@bazsox Ok, well in that case, I’d work the deal too. I have seen stubborn men die with their deals (and their egos).

[Tim VanWingerden @tim_vanwing]

@carkerpox Solid insight, and like you said all of which you had to experience to learn. Excited to see how your business is going to grow this time around!