Description
SUMMARY:
Tim Mai, an expert in real estate, shares his journey from flipping houses to teaching others and eventually transitioning to commercial real estate and capital raising. He emphasizes the importance of building relationships and leveraging the capital raising aspect of the business. Tim also discusses the creation of the Hero brand and the community he has built around capital raising. He shares his experiences in raising funds for multifamily projects and targeting specific investor groups. In this conversation, Tim Mines shares his experiences and insights in the commercial real estate industry. He discusses the lessons he learned from his first deal, the importance of capital raising and negotiation, and the benefits of forming alliances with other capital raisers. Tim also emphasizes the collaborative and partnership nature of the industry and the leverage it provides. He talks about the snowball effect of building investor relationships and the opportunities that arise from it. Additionally, Tim discusses the creation of a commercial real estate investor association and the benefits it offers. He also shares his thoughts on Donald Trump's legal issues and the current real estate market. Finally, Tim provides advice for newcomers in commercial real estate and suggests wholesaling commercial deals as an entry point.
SOCIAL MEDIA:
TikTok 👉 https://www.tiktok.com/@cleverinvestor
YouTube 👉 Clever Investor - YouTube
FB 👉 https://www.facebook.com/codysperber/
IG 👉 https://www.instagram.com/cleverinvestor/
Connect With Tim Mai:
Instagram - https://www.instagram.com/timmaicom/?hl=en
Linkedin - https://www.linkedin.com/in/timmai/
YouTube - https://www.youtube.com/c/TimMai
Facebook - https://www.facebook.com/TimMaicom/
💥HIGHLIGHTS:
Transitioning from residential to commercial real estate can provide more leverage and long-term relationships with investors.
Building a community and establishing credibility as a community leader can attract investors and opportunities.
Targeting specific investor groups, such as doctors and business owners, can be a strategic approach to raising capital. Capital raisers can benefit from forming alliances with other capital raisers to negotiate better profit splits and increase leverage.
Creating a commercial real estate investor association can provide credibility, authority, and networking opportunities for investors across different asset classes.
The current real estate market presents opportunities for investors, especially in a down cycle, where properties are discounted and unemployment is low.
⏰TIMESTAMPS:
00:00 - Introduction and Background
01:20 - Transition to Teaching and Education
08:18 - Pivotal Moments: Capital Raising and Education
11:37 - The Hero Brand and Capital Raising
14:03 - Setting High Standards and Building a Community
19:20 - Building Relationships with Top Capital Raisers
23:01 - Focusing on Capital Raisers and Passive Investors
25:30 - Strategic Approach to Targeting Investors
26:00 - First Fund Experience
27:00 - The Importance of Capital Raising and Negotiation
28:25 - Forming an Alliance for Leverage
29:44 - Collaboration and Partnership in the Industry
31:40 - The Snowball Effect and Building Investor Relationships
33:32 - Creating a Commercial Real Estate Investor Association
35:24 - Expanding Local Chapters and Hosting Meetups
37:46 - Discussion on Donald Trump's Legal Issues
40:02 - The Current Real Estate Market and Opportunities
44:46 - Becoming a Capital Allocator or Fund Manager
48:04 - Advice for Newcomers in Commercial Real Estate
50:01 - Wholesaling Commercial Deals as an Entry Point
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