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Tim Wieneke Moderator

Real Estate Investor
Indiana, Indiana

I've lost weight! ... Oh, never mind ... found it. (16 days ago)


Username: timwieneke

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In my own words...

I'm a 3rd generation real estate investor (we were investors before investing was cool). I have bird dogged and wholesaled a little but I specialize in single family rental properties in Indiana. I began first strictly as a landlord and built a nice portfolio over the years and have recently decided to do some flipping of investment property. I personally want to show people that it is possible to to hold rental property at very well performing numbers.

Real Estate Experience

Professionally I'm an independent residential and commercial property adjuster. I've handled insurance claims from small $500 residential claims to $700k commercial claims for structures such as the Hancock Building and The Tides in Chicago.

As far as real estate, I started at 19 as an onsite property manager and did that for 5 years. Bought my first multi-unit at 26 in Chicago. Lost everything in the big D (all cash, credit, equity - everything) and restarted almost 3 years ago. Left Chicago because it didn't have the cashflow I wanted. I had $500 in my pocket and moved to doing sfh's and multi-units in Indiana for the superb cashflow and haven't looked back. I have now quintupled my pre-divorce wealth and have excellent cashflow.

Real Estate Goals

1. $30,000 income per month in my portfolio by 2012.
2. Lifetime goal of exceeding $100,000 per month net income.
3. Get to the point of comfortably donating $5,000 a month to Frank McKinney's Caring House project, and then exploring creating my own charity.

Currently Seeking

Currently seeking a C3PO style droid to rehab all my properties and show them to prospective tenants.


Awards

Addict Prominent 1,000 Post Club Reporter Popular Poster 500 Post Club Reputable Profile Complete Popular Poster


About Me

Gender: Male
Status: Full-Time Investor
Website: www.reievents.com
Investing focus: Buy & Hold (Landlord)
Real estate deals: 14 Complete / 14 Active

Statistics

Began investing: April 2004
Member since: January 06, 2008
Last active: 37 minutes ago
Profile views: 5797
Forum posts: 2686 posts
Influence: 7843

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Colleagues (150)

Justin_portraits_044_colleague_thumb Justin P.
Residential Real Estate Agent
No_avatar_colleague_thumb Chris W.
Banker
Me15_colleague_thumb Brian C.
Real Estate Investor
3a65912_colleague_thumb Mark Y.
Real Estate Investor
Headshot_colleague_thumb Peter M.
Commercial Lender

Comments (4)

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At 10:52PM on July 17, 2009 - Joshua Dorkin said..

Congrats on the Prominent Award for 2,500 influence points, Tim!

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At 07:19PM on March 28, 2009 - Susan Anthony said..

Ohhhhhh! (as Edith Bunker would say). It's Obama-Erkel. Me

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At 08:00PM on February 14, 2009 - J J said..

Tim, I love this the best. Mark Evans backs Frank as well. Frank is a cool and crazy risk taker for sure! 6. Get to the point of comfortably donating $5,000 a month to Frank McKinney's Caring House project, and then exploring creating my own charity

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At 07:44AM on July 23, 2008 - Joshua Dorkin said..

Happy Birthday, Tim!