Investing
IN IOWA
We provide qualified
Iowa Investors
Investing in Iowa real estate for Iowans, by Iowans.
Investing in Iowa real
estate for Iowans, by
Iowans.
What We Do
Legacy Impact Investors is an Iowa-based, privately-owned real estate investment firm that acquires and manages a portfolio of cash-flowing and value-add assets across the Midwest.
Criteria
We have two buy-boxes. One for value-add assets where we implement a business plan & sell. The other for cash-flowing assets to hold in our portfolio.
Strategy
We identify properties to hold for the long-term, or those that have a value-add component where we can force value appreciation through proven business strategies.
locationS
We invest in cities across the Midwest due to our extensive network of connections, purchasing power, and the region’s steady performance fundamentals.
Listen to Our Podcast
Listen to our podcast for insights on industrial real estate investments. Discover strategies, market trends, and success stories from experts at Legacy Impact Investors. Tune in and stay informed!

From cornfields to highrises, office to industrial, houses to hotels, and every other asset class in real estate. We cover the people, the projects, and the profit.
Welcome to The Investing in Iowa Show.
This show is for go-doers, action-takers, and business owners.
It’s for people like you who are sick of Uncle Sam taking a huge bite of your apple.
If you’re looking to get ahead of what’s taking place in Iowa, learn who is doing what and how you can get in on action—you’re in the right place.
Hosted by Neil Timmins, an Iowa native who has been involved in over $300M in real estate right here in Iowa.
What does it take to keep swinging when the market slows and the stakes keep getting bigger?
Timothy Schutte is a real estate broker at Exit Realty in Urbandale, leading an office of about 15 agents. He grew up on a farm in northwest Iowa and graduated from Drake in 2007 with a double major in economics and politics. He got his real estate license in college, entered the business heading into the 2008 crash, and learned to survive by finding leads, grinding through early transactions, and learning how to win listings.
Tim walks through his investing evolution from small condo and flip deals with his dad to a defining bet on the Kirkwood in downtown Des Moines. He explains how they structured the purchase with layered financing, and how that project became the engine for more acquisitions through 1031 exchanges.
He also unpacks the reality of land development: engineering delays, neighbor conflict, city processes, and why his newer Northwest Ridge View project in Johnston feels less stressful with the right partners and a clearer plan. To wrap, Tim shares hard-earned lessons on cost control, the “thrill of the deal,” and what he watches most closely to keep the business healthy.
Timothy Schutte’s Top 5 Takeaways:
- How the 2008 crash forced discipline and the persistence to get deals done.
- Why structure, contingencies, and execution determine if big deals succeed or fail.
- Why it’s important to build in time, liquidity, and flexibility on conversions and development.
- How land development risk is different and its unique challenges.
- Control costs better than the competition and stop wasting money.
About Timothy Schutte:
Timothy Schutte is a real estate broker at Exit Realty in Urbandale, Iowa, where he works with a team of roughly 15 agents. Raised on a farm in northwest Iowa, he later earned an economics and politics double major from Drake University (2007).
Alongside brokerage, Timothy has invested in rentals, flips, and development projects, including a major downtown condo conversion and newer land development work in Johnston. He’s motivated by deal structure, value creation, and building projects that last.
Contact Info:Phone | 515-991-4204 Email | Timothy@solddesmoines.com Facebook | https://www.facebook.com/TimothySchutteRealtor/ LinkedIn | https://www.linkedin.com/in/desmoinesrealtor/
Learn More: https://www.littleguyloans.com/learnmorepod

From Bankrupt to Owning the Largest Brokerage in Iowa with Shane Torres
- June 13, 2024
- 30:32
In this episode of the Investing in Iowa podcast, host Neil Timmins sits down with Shane Torres, principal owner of Remax Concepts and other entities. Shane sh…
Wealth in Understanding One's Market with Bill Wright
- June 13, 2024
- 30:32
Welcome to another episode of Investing in Iowa! This time, I’m chatting with Bill Wright, a seasoned commercial real estate broker at CBRE in West Des Moines….
Relationships & Real Estate. Brokerage & Investing with Kurt Mumm
- June 13, 2024
- 30:32
Welcome to the Investing in Iowa show! In this episode, I sit down with Kurt Mumm, the president of Cushman & Wakefield Iowa Commercial Advisors. Kurt shares h…
Meet the CEO
NEIL J. TIMMINS
By at the age of 29, he became the #1 RE/MAX agent in Iowa.
admin@legacyimpactinvestors.com
© Copyright Legacy Impact Investors, LLC. All Rights Reserved.