Greg Mohr introduces Allen Lomax and explores his journey in commercial real estate. Allen shares his core values and the importance of impact in investing. They discuss his personal challenges and career path, identifying ideal clients and their investment goals. The conversation addresses overcoming challenges faced by new investors and differentiating between accredited and non-accredited investors. Allen explains the process of onboarding new clients and providing educational resources. Allen recounts personal anecdotes with Arabian horses and details the client accreditation process and available investment resources.
Key Points:
- Commercial real estate investing can be a powerful avenue for professionals to build wealth and diversify their income streams, but it requires a significant mindset shift from traditional methods of earning.
- The biggest challenges for new investors in commercial real estate often stem from time constraints, the misconception of financial security, and the tendency to reinvest all resources into their current profession or business.
- Building a strong network of ethical and experienced syndicators is crucial for successful investment in commercial real estate, providing vetted opportunities and reducing risks for investors.