In this conversation, Tim Dowling shares his extensive journey in commercial real estate, detailing his transition from residential to commercial investments, particularly focusing on local projects within a 12-mile radius of his home. He discusses the importance of partnerships, navigating zoning changes, and the complexities of project timelines. Tim emphasizes the significance of understanding utilities, location, and zoning as critical factors in real estate development. He also highlights the challenges of tenant acquisition and the financial structures involved in development projects, including the role of banks and investor expectations. The conversation concludes with Tim's aspirations for future developments that foster community engagement.

Takeaways

1. Tim's journey into real estate began unexpectedly.

2. He focuses on local investments within 12 miles of his home.

3. Building partnerships is crucial for successful development.

4. Understanding zoning and community needs is essential.

5. Project timelines often extend beyond initial estimates.

6. Identifying green and red flags is key in real estate.

7. Utilities and location are critical factors in development.

8. The bank is a significant partner in financing projects.

9. Investors can expect returns once tenants are operational.

10. Tim aims to create community-focused developments.

Chapters

00:00 Tim Dowling's Journey into Real Estate

05:46 The Shift to Local Investments

11:51 Lessons from Development Projects

17:00 Building the Right Team

26:16 Pre-Leasing Strategies and Community Engagement

32:27 Identifying Green and Red Flags in Real Estate

Tim's Links

roundaboutinbuda.com

https://www.linkedin.com/in/dowlingtim/

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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