In this episode, Wayne talks to Amy Tiemann, Founder and Chief Executive Officer (CEO) at TM1 Properties, a commercial real estate private equity firm.
Amy’s first multifamily investment was in 2010. By 2015, she decided to focus primarily on real estate investing, and in 2017, she opened her own investing and property management business.
Topics on Today’s Episode:
Amy’s Career: Started as general contractor in construction, then real estate investing
Post-COVID Opportunities: Office and retail space is coming back everywhere in Texas
Value-Add Component: Amy buys ugly properties and makes them better/pretty
Property Attributes: Age, physical condition, foundation - nothing scares Amy
Now: Good time to buy commercial real estate - anything and everything
Acquisition: In new markets, Amy considers existing inventory and sets unit targets
Scaling: Amy’s doing more asset management and less property management
Smart Building Technology: What owners/residents want based on property price points
Internships: Located in a college town? Go to the Office of Career Planning
Amy’s Goal: So many deals, can’t underwrite them all - raising capital to buy properties
Asking for Money: Are you bankable? Do you have equity? Can you raise capital?
Lessons Learned: Setting up a fund is pretty straightforward, similar to syndications
Investor Qualification: Know/understand deals and what you’re doing, including the risks