The Honeybee Approach: The Secrets to Thriving in Real Estate Development| The Newly Invested Podcast, Ep.14, with Mimi Fei

Author: Newly Invested
Published: Tue 30 Jul 2024
Episode Link: https://podcasters.spotify.com/pod/show/newly-invested/episodes/The-Honeybee-Approach-The-Secrets-to-Thriving-in-Real-Estate-Development-The-Newly-Invested-Podcast--Ep-14--with-Mimi-Fei-e2mjkqn

In this engaging episode of Newly Invested I had a wonderful conversation with Mimi Fei, a highly accomplished professional with extensive expertise in financial management, investment strategy, and real estate development. Mimi talks about her journey from a corporate professional to a flourishing entrepreneur in the construction and development industry.

Key Discussion Points:

Introduction to Mimi Fei:

Mimi Fei's diverse background in business administration, commercial banking, and the construction industry.

Achievements including projects exceeding $100 million and leadership roles in multiple firms.

Journey into Real Estate:

Mimi’s transition from commercial banking to entrepreneurship driven by personal necessity.

The origin story of Honeybee Development Group and Tree Life Investments.

Challenges and Triumphs:

Overcoming a toxic mold situation in her home leading to her first construction project.

Lessons from flipping houses to scaling development projects.

Real Estate Strategies:

Discussing the importance of mentorship and continuous learning.

Navigating real estate development and the challenge of financing and structuring capital stacks.

Current Market Insights:

Understanding the present real estate market slump.

Strategies to capitalize on slow market periods by refining projects and learning.

The Power of Asking for Help:

How seeking mentorship and not being shy to ask questions can open doors.

Personal anecdotes demonstrating the power of networking and collaboration.

Honeybee Development Group:

The inspiration behind naming the company and the symbolic significance of the honeybee.

Mimi’s role as a female leader in a predominantly male industry and her approach to leadership.

Recommended Reading:

The Gap and the Gain, by Dan Sullivan and Dr. Benjamin Hardy – A book that teaches living in the gain rather than the gap, which both Mimi and Judith highly recommend for entrepreneurs.

Takeaways for Listeners: