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The Best Ever CRE Show

JF2720: 4 Things to Know Before Your First Development Deal ft. John McNellis #SituationSaturday

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7995 Ratings

🗓️ 12 February 2022

⏱️ 28 minutes

🧾️ Download transcript

Summary

Are you interested in entering the commercial real estate development space but have no idea what to expect on your first deal? Return guest John McNellis walks us through different financial scenarios you might encounter on your first deal, their outcomes, and how to best set yourself up for financial success. John McNellis | Real Estate Background Principal with McNellis Partners, a commercial development firm he co-founded in the mid-1980s in northern California. Previous Episode: JF2470: How to Develop Shopping Centers with John McNellis Portfolio: 80+ projects. Author of Making it in Real Estate: Starting Out as a Developer. Based in: Palo Alto, CA Say hi to him at: https://mcnellis.com/ Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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1:00.6

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1:05.0

You can draw from that what you want.

1:07.0

You can say, gee, I think I'll take the conservative approach and make a little less money,

1:12.0

maybe if everything goes great great but I'll cover my

1:14.4

best. Quick disclaimer the views and opinions expressed in this podcast are

1:18.4

provided for informational purposes only and should not be construed as an offer to buy or sell any securities or to make or

1:25.6

consider any investment or course of action.

1:28.7

For more information go to Best Ever Show.com.

1:31.8

Deals and money, we are constantly seeking deals and money

1:36.7

as real estate investors, and I bet you're having a challenge right now,

1:41.2

especially with deals if you're like most real estate investors, because it's

1:45.4

not to find deals right now. But here's the thing. There's a competitive advantage out

...

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