Show notes
Mike Auerbach, VP of Growth at 1031 Specialists, shares his background and journey in the commercial real estate industry. He discusses the opportunities and challenges in the 1031 exchange space, emphasizing the importance of carving out a niche. The conversation also touches on the impact of technology and social media in the industry, the value of community and in-person experiences, and the need to embrace vulnerability and take risks. Additionally, Mike addresses the 1031 exchange process and the misconceptions surrounding it. He talks about the impact of artificial intelligence on the industry and shares insights into his daily routine and advice for success. Mike emphasizes the importance of patience, urgency, and surrounding oneself with good people. He also shares his interest in history.00:00 Introduction and Background02:07 Carving Out a Niche in Commercial Real Estate06:39 The Impact of Technology and Social Media10:32 The Value of Community and In-Person Experiences13:21 Embracing Vulnerability and Taking Risks24:14 Demystifying the 1031 Exchange Process30:34 The Impact of Artificial Intelligence on the 1031 Exchange Industry35:15 Balancing Patience and Urgency for Success42:54 The Power of Surrounding Yourself with Good People47:24 Gaining Insights from History