Real Estate Development: No Partners, No Problem

Filmed October 24, 2017, at the ULI Fall Meeting in Los Angeles.
Should your business mantra be “Go big or go home,” or “Too big not to fail”? In a lively, freewheeling exchange intended to educate emerging entrepreneurs and perhaps amuse mature ones, John McNellis author of the ULI book “Making It in Real Estate,” explores the benefits-and costs-of using other people’s money to fund your development deals versus the freedom-and limitations-of using your own money. Is it better to own 1 percent of a high-rise or 100 percent of a gas station? To go national or stay local? Spoiler alert: You can go broke either way.
Speaker:
* John E. McNellis of McNellis Partners LLC

[@dappa0000]

This guy is giving info that people charge for.

[@justenliu7258]

real business man talking about real business, no bull shit,

[@TheOriginalCryptoPimp]

Right. No signing up for email lists and webinars....I feel you.

[@unico2162]

John is a great great model to follow. And a very eloquent, competent and experienced speaker. Just a pleasure to watch and listen to. Thank you for sharing.

[@sunso1991]

It really hit me with the segment with hire vs having someone on retainer. That is just brilliant

[@HOEA-WAKA]

Good Brevity, Clear, Simple. Thanks John.

[@ImagineAKiss]

This is great information, thank you so much!

[@srket864]

Very very useful talk, and from my experience I can totally relate

[@atlascommercial8333]

Very powerful.

[@albxdotcom]

I enjoy how humble this guy is. Good talk. As a last note, crowdfunding is a mess, you have to have existing projects worth tens of millions under management for the crowdfunding platform to even look at your deal.

[@cv5330]

Well, then start your own crowd funding portal! ;)

[@BuildingTimeFreedom]

It makes sense, crowdfunding portals want all of their investors to win, so they are very conservative with the promoters they select. CV makes a good point, you can make your own portal, but it's mostly a marketing issue.

[@juliobuysproperties9287]

@@BuildingTimeFreedom marketing issue?

[@BuildingTimeFreedom]

@@juliobuysproperties9287 as in marketing for investors to come to your portal.

[@artificial_commenter]

@@BuildingTimeFreedom i see, do you know where I can learn to start my own?

[@clementifangblog8583]

Thanks so much for sharing this idea

[@theresaowen7044]

I really appreciate the details in this talk!

[@cherylbranche1532]

Spent my twenty-thirty years in a career. It didn’t work out. Am glad it is not unusual for a project to not work out. Thank you for the video and insights.

[@realestateuniversity414]

Hi can I connect with you I’d love to hear your story in a developer from Milwaukee WI

[@kalpavriksha666]

Great advise and good mentor kalpavriksha realty to walk to international market sounds good

[@skysthelimit.podcast]

Good one!

[@derekmarkovic]

McNellis is the man. Dude is a total boss.

[@cryptopirate8880]

SnowManD his public speaking suckssss seems as hes not even prepared seems embarrrased

[@onetwo3411]

@@cryptopirate8880 shut up you loser

[@cryptopirate8880]

Grant Cardone is smarter and his networth is larger by far

[@cryptopirate8880]

@@onetwo3411 dont hate

[@Kennan_Davis]

Crypto Pirate they both have a net worth substantially larger than yours and it’s not even close, so what is your point exactly?

[@driagarth5882]

This is great...i love your book

[@thefrozengoat]

Here in 2019 getting inspired

[@tomjens2046]

regarding spikes in earnings - what about you structure the sale in a way that buyer does not pay all at once (to your financial partner), but pays within X amount of years? I know it was just an example though, but my idea is that you can always be creative :)

[@RandalColling]

Super video guys!! Always better off without partners.

[@clementifangblog8583]

Hi

[@deepikaatkinson4111]

Wow, great insights, I need a consultation regarding developer business (Woman owed business) and investor funds partnership into my commercial projects, how do I properly structure Entities & profit share agreement with lawyer and still have control of the project and won't lose the property?

[@DestroyerX61]

There is a mistake in the numbers at 10:00. $1.05m + $180k is $1.23m not $1.185m

[@JessiBehage]

You’re wrong

[@Kiama17]

11:55 financial partner ? Is that the bank or hedge funds and pension funds ?

[@marydoherty9188]

found this talk interesting. i live in the uk and just found my american birth dad after a 20 something year search, nice to know im part american :D he is not in good health so i just bought 5.82 acres in the suthern missouri ozarks for somewhere to stay when i eventually can get over there to meet him face to face for the first time in my life ( prob wont happen tho because of his health) i have the land on seller finance but im hoping to eventually be able to do some sort of 'property development for profit' then re invest again if it works out right the first time round lol

[@sunso1991]

Hope you all the best! I hope you guys get some quality time together too. It is never too late to forge a relationship especially a long lost father

[@atlascommercial8333]

I HAVE THE POWER!!!!! HE-MAN.

[@confettiRedPill]

12k views. Thank You God I found this

[@atlascommercial8333]

I have the power -HE MAN

[@BossChronicles]

Realistically How much would one need to get started ?

[@Victor35b]

Depends on the project size, and type. Ex. Project in AZ: Cost of land ~140K, cost to build ~$130 per square foot on a 2000 Sqft house is 260K. General area for those numbers can sell for about 650K. That is not including demolition costs, permits, etc. But on a deal like this you can find a lender that is willing to fund up to 90% of the deal (this is normal), the other 10% would be what you need to put down. Some lenders will not fund building costs or on a flip, repair costs. However, some will. Hence, the amount you need to get started is contingent upon the deal.

[@natnaeltesgay1558]

He looks & sounds like my principal 🤔

[@dereklevine5290]

He is your principal

[@cryptopirate8880]

He has the He-man haircut

[@armandomoreno2284]

Battlestar Galactica

[@youbian]

Good principles, but he is very much of the old school of doing things.

[@po3407]

What is a financial partner? Is this just someone out there who is willing to fund a deal or a bank or hard money broker?

[@depurodinerohomie5006]

The advantage i have over yall is i can build these things. I know what can and cant be done to these buildings. From the foundation to framing to the very last shingle. Let me start an llc and ill take over.

[@legacyrydeshare3478]

I would like to know more about your talents.

[@LucyWonglondonbody2body]

Looks like He-Man.

[@salvadorrrapi9863]

He lost it at 36:00

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Lol 😂

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[@klealex1]

what a nonense

[@cryptopirate8880]

His public speaking is by far the worst

[@johnthompson1978]

Get a hobby. You have made forty three comments, years apart. If you don't like him, quit watching for crying out loud.

[@cryptopirate8880]

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[@johnthompson1978]

Did the guy rip you off or what? You seem a little bitter.

[@cryptopirate8880]

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