From Selling Houses to Highrises: Tim Mai's Evolution in Commercial Real Estate
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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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