In this episode of the podcast, host Paul Neal speaks with Robbie Yeaman and Mark Lee about their journey of building a successful real estate and business partnership. The episode focuses on Robbie and Mark's experiences in leveraging real estate and financial planning to build a successful business.

Robbie and Mark initially set out to build a more traditional real estate business but decided that that model didn’t really fit their personal needs and desires. They eventually found success in the car wash industry, which allowed them to build a successful commercial real estate business and and at the same time created an opportunity to grow a profitable operating company.

Robbie speaks on the importance of finding the right financing for your business, stressing that it can have a significant impact on the cash flow of the business. He discusses how they had to be lean on cash and refinance old properties for equity to put down on new investments. They would create pro formas and approach multiple banks to find the best interest rate, fighting for even small differences in rates.

The partners discuss the challenges they faced while growing their business in the Hampton Roads, Virginia area due to market saturation and how they eventually decided to sell their business and move elsewhere. They also talk about the importance of partnerships in business, emphasizing the need for commitment and tough love in decision-making.

Robbie and Mark also highlight the importance of prioritizing family and values when pursuing business ventures. They credit their success to their faith and the willingness to pivot and change strategies as necessary. They also stress the need to seek counsel from God before taking action.

Overall, the episode provides valuable insights into the idea of approaching your business with a dual-track approach - growing a business and a commercial real estate portfolio simultaneously. Robbie and Mark's experiences demonstrate the necessity of a solid financial and investment strategy to build a successful and sustainable business.

Meet the Host: Paul Neal is the founder and Principal Funding Strategist at Vantage Point Commercial Capital, a firm that focuses on helping entrepreneurs, businesses, and real estate investors win by funding their growth and dreams in nontraditional ways. 

Paul’s unique perspective has been honed over 30 years as an entrepreneur, financial strategist, professional speaker, and executive coach. He took the road less traveled choosing to leave engineering right out of college to become a serial entrepreneur. From great early successes in the 90s and 2000s, to completely losing his primary business in the Great Recession of 2008, to bouncing back and just recently selling another business for a healthy 7-figure sum…he’s experienced it all. Paul offers a wealth of experience and passion to the entrepreneurial community in an engaging, upbeat, encouraging, and witty way. 

Connect with Paul: 

Visit his website: https://paulneal.net 

Connect with him on LinkedIn: https://www.linkedin.com/in/paul-neal-47b8478 

Vantage Point Commercial Capital: https://vpc.capital