From the The Clever Investor show
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 Mai 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.
💥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.
- Capital raising is a crucial aspect of the commercial real estate business, allowing for passive income and long-term wealth creation.
- 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.
- Collaboration and partnership are essential in the commercial real estate industry, allowing for greater success and access to larger deals.
- Building investor relationships and providing consistent case studies and content can lead to a snowball effect, attracting more investors and making capital raising easier.
- 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.
