
#72 From Selling Houses to Highrises: Tim Mai's Evolution in Commercial Real Estate
The Clever Investor ShowShow Notes
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 Learn more about your ad choices. Visit megaphone.fm/adchoices
More from The Clever Investor Show
Real estate mogul, business coach, international speaker, and bestselling author Kris Krohn joins Cody Sperber on The Clever Investor Show to drop major knowledge bombs about the current state of real estate investing. Learn insider strategies, tax tips, and why NOW is the time to act in the real estate market. The key is to act now and position yourself for the coming market shift. Don't let fear hold you back – the best opportunities often arise during uncertain times.
SUMMARY: In this conversation, Cody Sperber interviews Jack Bosch, an expert in the land space, about his experience and strategies in the land flipping business. They discuss the different types of land deals, including infill lots, land in the path of growth, and larger recreational acreage. They also talk about the financing options for land deals, including seller financing and private lenders. Jack explains the five ways to evaluate land, which include looking at sold comps, assessing the potential use of the land, considering the development potential, analyzing the income potential, and evaluating the cost to improve the land. In this conversation, Jack Bosch shares his expertise in land flipping and entrepreneurship. He explains the process of finding undervalued land, determining its market value, and negotiating deals. He also discusses the motivations of land sellers and the importance of effective marketing in selling land. Jack shares his journey from six figures to seven figures and the decision to scale his business by building a team. He also reflects on his experiences with financial losses and the importance of doing the right thing in business. 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 Jack Bosch: Instagram - https://www.instagram.com/jack.bosch/ Linkedin - https://www.linkedin.com/in/jack-bosch-a923b59/ Facebook - https://www.facebook.com/jack.bosch/ Website - https://www.jackbosch.com/ YouTube - @JackBoschOfficial 💥HIGHLIGHTS:
SUMMARY: In this conversation, Trent Ellingford shares his journey from residential real estate to commercial real estate wholesaling. He discusses the challenges and benefits of commercial real estate, the lessons he learned from the market crash, and the importance of making decisions and taking action. Trent also highlights the scalability of commercial real estate and the opportunities available in the current market. In this conversation, Trent Ellingford discusses the benefits of joint ventures and partnering deals in the real estate industry. He emphasizes the importance of focusing on specific asset types, such as RV parks, and explains the potential for profit in these areas. Trent also shares his experience in cherry-picking the best deals and the value of learning from mistakes. He highlights the opportunities available through his deal partnership program and encourages listeners to think bigger and surround themselves with successful individuals. 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 Trent Ellingford: IG 👉https://www.instagram.com/trentellingford/?hl=en YouTube 👉 https://www.youtube.com/channel/UCoz7obstfrtTRJ8p9IvpiVQ 💥HIGHLIGHTS:
SUMMARY: Derek Jarr, a real estate investor and entrepreneur, shares his journey in the real estate industry and the evolution of his business. He discusses the concept of Stay Frank, a sale leaseback company that helps homeowners in financial distress stay in their homes. Derek explains how Stay Frank makes money by wholesaling deals and selling to retail investors. He also reflects on his early days in real estate, including door knocking and using creative marketing techniques. Derek shares his experiences in short sales and building new homes, as well as the challenges and lessons he learned along the way. In this conversation, Derek Jarr, the founder of Stay Frank, shares the origin story of his brand and the challenges he faced as an entrepreneur. He discusses the future of homeownership and the impact of rising home prices and institutional ownership. Derek also opens up about his experiences with plant medicine, and how they have helped him on his personal growth journey. He emphasizes the importance of self-acceptance and unconditional love, and encourages young entrepreneurs to stay curious, hungry, and teachable. 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 Derek Jarr: Instagram - https://www.instagram.com/derekbjarr/ Linkedin - https://www.linkedin.com/in/derek-jarr/ Facebook - https://www.facebook.com/stayfrank.co/ 💥HIGHLIGHTS:
SUMMARY: Cody Sperber interviews Eric Cline, who shares his journey from personal turmoil to success in the wholesaling and flooring businesses. Eric's story includes overcoming addiction, losing a multimillion-dollar business, and rebuilding his life. He emphasizes the importance of resilience and learning from setbacks. Eric's experience in sales and lead generation has been instrumental in his success in the real estate industry. He also discusses his new venture in the flooring business and his strategy for scaling and exiting the business. In this conversation, Eric Cline shares his journey in the wholesaling business and provides insights into his successful sales process. He emphasizes the importance of having a wake-up call and taking action to improve oneself. Eric also discusses the key factors that have contributed to the success of his wholesaling business, including separating from the competition and implementing a five-step sales process. He highlights the power of using third-party stories and the value of building a brand and adding value to others. Eric concludes by encouraging newcomers to focus on sales and marketing and to seek proximity to successful individuals in the industry. 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 Eric Cline: Instagram - https://www.instagram.com/theericcline/reels/?hl=en Linkedin - https://www.linkedin.com/in/theericcline/ TikTok - https://www.tiktok.com/@theericcline YouTube - https://www.youtube.com/channel/UC6eG_2hd6nCaYcZXD5fG-eg 💥HIGHLIGHTS: