MFREE 083 Full Episode with Alice Yim: Is It Time to Pivot in Real Estate?

Aloha, It’s Shelon "Hutch" Hutchinson here! If you’re enjoying 'The Multifamily Real Estate Experiment' podcast, please like, comment, and share our episodes to help us reach and inspire more people. Thank you for your support!In this episode, I interview Alice Yim, an accomplished entrepreneur with a diverse background in real estate, senior care, and fashion design. Since starting her real estate journey in 2018, Alice has acquired over 1,030 units and made significant strides in residential assisted living and ground-up development. The discussion covers changes in the multifamily landscape, the importance of pivoting careers, and exploring new opportunities using blue ocean strategies. Alice shares her insights on the unique challenges of residential assisted living and ground-up development, especially in Midwest markets. She emphasizes lifelong learning, the importance of nurturing personal growth, and the concept of highest and best use in real estate. The episode concludes with Alice discussing her HomeBuilding Mastery platform, which aims to incubate new developers and foster innovation in the real estate sector. 00:00 Introduction and Guest Introduction01:29 Alice Yim's Real Estate Journey04:48 Multifamily Landscape: Then and Now09:05 The Importance of Pivoting12:11 Residential Assisted Living and Ground-Up Development15:56 Blue Ocean Strategy in RealEstate21:56 HomeBuilding Mastery Education Platform26:16 The Importance of Lifelong Learning29:01 Long-Term Goals and Focus Round37:25 Conclusion and Final Thoughts*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*Thank you to all of our listeners!!! We would love to hear from you!!!Email me at:[email protected]*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*Visit our website to find out more:www.hsquaredcapital.comJoin our Facebook Group:The Multifamily Real Estate ExperimentFollow us on Instagram:@hutchthemarineinvestor