In this conversation, the speakers discuss the journey of transitioning from pharmacy to commercial real estate, the process of writing a book on real estate investing, and the intricacies involved in development projects. They delve into the importance of understanding zoning, utility management, and the significance of thorough feasibility studies. The discussion emphasizes the need for a strong team dynamic and the challenges faced in the real estate industry, particularly in development and investment strategies.
Takeaways
1. The journey of writing a book can be overwhelming but rewarding.
2. Finding a mentor can significantly impact your learning curve in real estate.
3. Understanding the basics of commercial real estate is crucial for success.
4. Zoning and utility management are key factors in development projects.
5. Feasibility studies are essential to assess the viability of a project.
6. Team dynamics play a vital role in the success of real estate ventures.
7. Navigating the complexities of development requires thorough planning and research.
8. Topography and soil quality can make or break a development deal.
9. Negotiating with local governments can lead to favorable outcomes for projects.
10. The importance of understanding market demand and tenant needs in development.
Chapters
The Importance of Team Dynamics in Real Estate
Development Projects: Key Considerations
Navigating Zoning and Utility Challenges
Understanding Topography and Soil Quality
Feasibility Studies and Due Diligence
Final Steps in Development Planning
Tony's Linkedin: https://www.linkedin.com/in/tonytimeless/
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
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