Wonton Wealth: Insights into Commercial Real Estate Investing & Beyond
How To Make It In Real Estate with John McNellis Part 1
In this episode, John McNellis shares his extensive experience in real estate development, from law to retail centers, and offers invaluable insights for aspiring investors and developers. Discover how patience, risk management, and partnerships can lead to success in real estate. Chapters 00:00 Introduction and Guest Background 00:27 John McNellis's Journey from Law to Real Estate 01:04 Writing the Book: Inspiration and Process 02:28 Key Lessons from the First Edition of the Book 05:22 Who the Book is For and Its Impact 06:02 What Has Aged Well in the Book 07:27 Partnerships: Longevity and Dynamics 08:45 Partnership Disagreements and Dynamics 10:04 Legal Skills and Deal-Making Advantage 14:25 Legal Advice and Common Pitfalls 18:59 Passive Investment in Real Estate 21:09 Misunderstandings in Retail Real Estate 25:14 Projects in California and Permitting Challenges 26:18 Concessions and Negotiation with City Authorities 29:15 Longest Development Approvals and Lessons Learned 33:30 Deals Passed On and Lessons from Failures 34:24 Quick Deal Analysis and Site Walks 36:05 Due Diligence and Deal Screening 37:08 Losing Money and Learning from Mistakes 39:14 What Separates Successful Real Estate Investors 41:49 Starting in Real Estate: Advice for Beginners 43:37 Transitioning from Residential to Development 44:46 Final Advice and How to Connect with John John's Links: https://www.johnmcnellis.com/ https://www.linkedin.com/in/john-mcnellis-b6a1674/ https://www.amazon.com/Making-Real-Estate-Thriving-Developer-ebook/dp/B0GHNNGLWR Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQ Want to learn more about CRE? investbeyondmultifamily.com/course Use Code for 10% off: tanhtruong Support My Channel Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5 Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong IG: http://www.instagram.com/pro_tanh LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
