From Food Stamps to Million Dollar Projects — How Erik Timmermans Did It скачать в хорошем качестве

From Food Stamps to Million Dollar Projects — How Erik Timmermans Did It

How do you build a real estate portfolio when you’re starting from nothing? In this episode of Triangle Business Spotlight, host Ryan Walsh sits down with real estate investor Erik Timmermans, who shares a raw, real-world journey that began out of necessity — not a master plan. About nine years ago, Erik found himself on food stamps, trying to figure out how to survive. With no capital and no safety net, he turned to real estate because it was the only path forward. What started as survival turned into strategy — and eventually, scale. 🎥 Filmed on-site at a live renovation project in Durham, NC, Erik walks through: How he secured 100% financing on his very first deal Why the deal is king, not personal capital Leveraging other people’s money (OPM) to grow faster The power of local networking and real estate meetups How conservative underwriting protects profits in any market 🚀 Fast forward to today: Erik owns a large portfolio of rental properties He completes 20+ flips per year And for the last year and a half, he has been building new construction homes in downtown Raleigh and Durham Ryan and Erik also break down the actual numbers behind this project — from acquisition and rehab costs to ARV — showing how experienced investors reverse-engineer deals to make sense before they ever close. Whether you’re: Brand new to real estate Actively flipping or holding rentals A lender looking for strong, collateralized deals Or stuck in analysis paralysis 👉 This episode is packed with practical strategy, mindset shifts, and real execution. 🔑 Key Takeaways ✔ You don’t need money to start — you need the right deal ✔ Real estate can be built out of necessity ✔ Networking accelerates opportunity ✔ Hard money is a tool, not an obstacle ✔ Time in the market beats timing the market Oh, and here is the link to the finished product: https://www.zillow.com/homedetails/60...