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

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: The importance of perseverance and adapting to challenges. The value of networking, mentorship, and continuously seeking knowledge. Practical insights into real estate development and investment strategies. To watch this episode, visit us on our YouTube Channel HERE Get social with Mimi and connect with her on: Instagram: https://www.instagram.com/honeybee.development/ https://www.instagram.com/honeybeehomesinc/ You can also visit Mimi’s websites here:  https://honeybeehomes.ca/  https://honeybeedevelopment.com/ Follow Newly Invested: Instagram: https://www.instagram.com/newlyinvestedpodcast/ YouTube: https://www.youtube.com/@NewlyInvested Don't forget to subscribe, rate, and review our podcast on your favorite platform!  Stay tuned for more inspiring episodes on your real estate investment journey! Until then, Happy Investing! Judy XO