In our latest Raising Private Money Podcast episode, let us look back to when we had the pleasure of hosting Neil Timmins, a highly accomplished realtor, and full-time real estate investor. My Lands, Neil generously shares his invaluable insights on building a superstar team for your real estate business.
Here’s a sneak peek into the key takeaways:
1. Building for Long-Term Wealth: Neil focuses on long-term wealth building in his commercial projects, contrasting them with fix-and-flip projects.
2. Hiring and Team Building: Neil emphasizes the challenge of hiring and building a team, highlighting the importance of core values and culture in the business.
3. Hiring Process: Neil discusses their detailed hiring process involving intelligence tests, multiple interviews, and the philosophy of "hire slow and fire fast."
4. Hiring Assistance: Neil offers actionable advice on hiring assistance and implementing business strategies from his book.
5. Money Matters: Jay Conner advises real estate investors to prioritize lining up the money before pursuing deals, emphasizing the significance of private money in the industry.
Additionally, Neil and Jay stress the importance of building relationships and giving back to help other investors succeed.
Whether you're a newcomer to the real estate industry or a seasoned investor, this episode is packed with actionable insights that can propel your real estate business to new heights!
Timestamps:
0:01 - Raising Private Money Without Asking For It
0:09 - Today’s guest: Neil Timmins
2:12 - How Neil Timmins started in the real estate business.
3:26 - How to become the number one real estate agent
5:45 - Things that Neil would have done differently for the better.
8:25 - Neil Timmins’ hardest struggle and how he overcame it.
9:58 - What does your culture look like and how was it different from other businesses?
11:16 - What is KPI?
12:44 - How do you maintain the motivation of your team?
13:48 - The hiring process was formulated by Neil Timmins.
16:09 - Neil Timmins’ Book:  " Unicorn Hunting For Real Estate Investment Companies" - https://www.landaunicorn.com
23:57 - One personal habit Neil Timmins can’t live without.
26:51 - Neil Timmins’ advice to people who haven’t done their first real estate yet.  
27:41 - Jay’s Free Private Money Guide: https://www.JayConner.com/MoneyGuide
29:02 - Neil Timmins’s new projects.