In this episode of Beyond the Deal, host Michael Wagman sits down with Eric Tomei, a full-time physical therapist who has successfully built a real estate empire while maintaining his career. With over 125 house flips, multiple multifamily investments, and a focus on commercial real estate, Eric shares his strategic approach to scaling a real estate business while working full-time.

Eric dives into the challenges of house flipping, why he shifted to multifamily investing, and the power of building strong investor relationships. He also breaks down his time management strategies, how he juggles investing with family life, and why his disciplined daily routine has been a key factor in his success.

If you're looking to grow your real estate portfolio while managing a full-time job, this episode is filled with practical tips, hard-earned lessons, and mindset shifts to help you succeed.

Key Takeaways:

✅ How Eric flipped 125+ homes and transitioned into commercial real estate

✅ Why he left house flipping for multifamily & commercial investing

✅ The biggest challenges in flipping & scaling a real estate business

✅ How to raise capital and build investor relationships the right way

✅ The importance of time management, discipline, and personal growth

Timestamps:

00:00:00 Introduction to Beyond the Deal Podcast  

00:01:50 Balancing Healthcare and Real Estate Careers

00:03:46 Transition from Physical Therapy to Real Estate Investing

00:05:40 Challenges of Scaling a House Flipping Business

00:07:31 Navigating Detroit Real Estate: Risks and Rewards  

00:09:22 Navigating a Real Estate Flop: Lessons Learned

00:11:10 Managing Deal Details and Flexibility in Partnerships

00:12:57 Understanding Investment Risks for Newbies

00:14:51 Impact of Recent Interest Rate Hikes on Real Estate Market

00:16:20 Strategies to Evaluate Real Estate Deals

00:18:06 Navigating Cap Rate Fluctuations in Real Estate

00:19:51 Building Trust in Real Estate Investments

00:21:40 Investing in the Midwest: A Strategic Overview  

00:23:33 Balancing Multiple Roles: A Day in the Life of a Busy Professional

00:25:16 Balancing Structure and Relaxation During Vacations

00:27:10 Unwinding with Reading and Financial Education 

NEW TO THE SHOW?

🔗 Follow the host:

https://www.linkedin.com/in/michaelwagman/

https://www.instagram.com/nimble_capital_group/

https://www.nimblecapitalgroup.com/

🔗 Follow the guest:

https://www.linkedin.com/in/eric-tomei-1698664

https://toppointinvestments.com/

📞 Call Eric: 248-767-3406

Interested in learning how to raise capital and scale your business to build a lifestyle around freedom? 

Schedule a call today and let's find out if you're a good fit for mentorship.

https://calendly.com/mwagman/capital-coaching-exploration

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