Wonton Wealth: Insights into Commercial Real Estate Investing & Beyond

Tanh Truong
  • 5.0 (11)
  • Investing
  • Updated Weekly

Welcome to Wonton Wealth! Embark on a journey through the dynamic world of commercial real estate investing with Tanh, your guide to unlocking the secrets of this lucrative realm. Whether you're a seasoned investor or just dipping your toes into the market, this podcast is your go-to destination for invaluable insights and expert advice. Join us as we dive into diverse topics, breaking down complex concepts into digestible nuggets of knowledge. Expect deep dives into the nuts and bolts of commercial real estate, peppered with engaging interviews that provide a 360-degree view of the industry.

  1. 4h ago

    Building Tech for CRE When You Own CRE, with Alex Taylor (Part 1)

    Alex Taylor has spent 18 years building commercial real estate technology. He's been a founder or co-founder of four CRE tech companies, with three exits. He's also on the other side of the table: he owns a couple hundred thousand square feet and is an LP in about 26 active deals. In Part 1, Alex walks through how he got into CRE through relationships rather than single-family flips. He covers his time as the first head of sales at Dotloop, building a tech-enabled footprint consultancy for Fortune 500 companies, and launching Oval Room to cut the cost of raising, entitling and marketing projects. He also tells the story of a zoning hearing that went somewhere nobody expected. We end with the question that started his current company and the one answer that kept coming back: data. What You'll Learn: How relationships, not residential deals, led Alex into CRE and to investing as an LPWhy he's become more passive as an investor as he's built more companiesThe three phases of a CRE project (raise capital, get approvals, go to market) and where money gets wasted redoing workHow long it took to build his early platforms (about 9 months each)The one question he asked CRE pros for 90 days before building his current company Chapters: 00:00 Welcome and intro00:21 Alex's background: 18 years in proptech, 4 companies, and a CRE owner02:09 How Alex got into commercial real estate through relationships04:22 26 LP deals and why he's become more passive06:02 Three exits and a fourth company06:34 Dotloop and building a tech-enabled CRE footprint consultancy09:29 A mutual friend from the Dotloop days10:11 Oval Room: raise capital, get approvals, go to market13:17 How long it takes to build a platform from scratch~14:40 The psychic at the zoning board16:29 Ocucel and the move to Commercialize IQ17:09 A 90-day listening tour: "What do you do today that you hate?"~19:45 The number one answer: data Quote: "Billion dollar plus portfolios being run on spreadsheets." (Alex Taylor) Next Week: Part 2: what Alex built to fix the problem, why chasing a "pristine data lake" is a trap, how to get teams to use new software past the demo, and his hardest lesson as a founder. Alex's Links: Website: https://commercializeiq.com/ IG: @commercializeiq LinkedIn: https://www.linkedin.com/in/alexandertaylor86/LinkedIn: https://www.linkedin.com/company/commercializeiq/ 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.

  2. Sep 29

    How to Invest in Timberland with John Brenard Part 2

    In this episode, John Brenard shares insights into timberland investing, covering property sizes, valuation, timber types, and risk management, making it accessible for new investors. Takeaways Most land bought for timber is owned by families, not institutions.Timberland properties typically range from a few hundred to 2000 acres.Location and proximity to sawmills are critical for timber value.Timber types like southern yellow pine grow quickly and are highly valuable.Parcelization can significantly enhance land value and liquidity.Diversification across regions mitigates natural risks like wildfires.Timberland investments can yield 12-15% net returns with an opportunistic approach.Shorter fund durations (around 5 years) are possible with active management. Chapters 00:00 Introduction to Timberland Investment01:54 John Brenard's Background and Entry into Timberland03:52 Size and Valuation of Timberland Properties07:06 Types of Timber and Growth Cycles09:01 Deal Sourcing and Off-Market Opportunities12:00 Due Diligence and Acquisition Process14:08 Value Creation Strategies: Parcelization and Timber Sales19:57 Market Drivers and Regional Growth21:51 Risks and Risk Management in Timberland25:57 Impact of Market Cycles and External Factors29:51 Returns, Fund Structure, and Investor Opportunities34:03 Tax Benefits and Exit Strategies38:00 Common Misconceptions and Future Outlook41:02 Final Thoughts and Contact Information John’s Links https://www.southviewtimber.com/about https://www.linkedin.com/in/johnbrenard/ Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars 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.

  3. Sep 22

    How to Invest in Timberland with John Brenard Part 1

    In this episode, John Brenard shares insights into timberland investing, covering property sizes, valuation, timber types, and risk management, making it accessible for new investors. Takeaways Most land bought for timber is owned by families, not institutions.Timberland properties typically range from a few hundred to 2000 acres.Location and proximity to sawmills are critical for timber value.Timber types like southern yellow pine grow quickly and are highly valuable.Parcelization can significantly enhance land value and liquidity.Diversification across regions mitigates natural risks like wildfires.Timberland investments can yield 12-15% net returns with an opportunistic approach.Shorter fund durations (around 5 years) are possible with active management. Chapters 00:00 Introduction to Timberland Investment01:54 John Brenard's Background and Entry into Timberland03:52 Size and Valuation of Timberland Properties07:06 Types of Timber and Growth Cycles09:01 Deal Sourcing and Off-Market Opportunities12:00 Due Diligence and Acquisition Process14:08 Value Creation Strategies: Parcelization and Timber Sales19:57 Market Drivers and Regional Growth21:51 Risks and Risk Management in Timberland25:57 Impact of Market Cycles and External Factors29:51 Returns, Fund Structure, and Investor Opportunities34:03 Tax Benefits and Exit Strategies38:00 Common Misconceptions and Future Outlook41:02 Final Thoughts and Contact Information John’s Links https://www.southviewtimber.com/about https://www.linkedin.com/in/johnbrenard/ Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars 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.

  4. Sep 15

    How To Make It In Real Estate with John McNellis Part 2

    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.

  5. Sep 8

    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.

  6. Sep 1

    Data Center Secrets with Juan De Luna Part 2

    In this episode, Juan DeLuna shares expert insights on data center site selection, infrastructure challenges, and future trends, helping investors and developers navigate this complex industry. Chapters 00:00 Introduction to Data Centers and Juan De Luna02:57 Understanding Site Readiness and Market Constraints06:08 Community Pushback and Zoning Challenges10:00 Power Infrastructure and Energy Costs12:57 The Importance of Due Diligence in Data Center Development14:54 Site Assessment and Infrastructure Analysis19:41 Understanding Tier Ratings and Service Level Agreements27:06 Impact of Outages on Data Centers28:58 Understanding Incentives for Data Center Development30:13 Evaluating Risks in Data Center Projects33:56 The Physical Structure of Data Centers35:49 Power Requirements and Future Trends38:11 Investment Considerations in Data Centers40:24 Operational Management of Data Centers44:41 Future Innovations in Data Center Technology47:06 Investment Opportunities in Data Centers Juan’s Links Stroft Capital - ⁠https://stroftcapital.com⁠Juan DeLuna - LinkedIn - ⁠https://www.linkedin.com/in/juan-d-9890ab93/⁠ Here's the link to my book: ⁠https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQ⁠Want to learn more about CRE? ⁠investbeyondmultifamily.com/course⁠Use Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: ⁠https://strike.me/tanh⁠Dollars via Paypal: ⁠https://www.paypal.com/paypalme/tanht⁠Dollars 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.

  7. Aug 25

    Data Center Secrets with Juan De Luna Part 1

    In this episode, Juan DeLuna shares expert insights on data center site selection, infrastructure challenges, and future trends, helping investors and developers navigate this complex industry. Chapters 00:00 Introduction to Data Centers and Juan De Luna02:57 Understanding Site Readiness and Market Constraints06:08 Community Pushback and Zoning Challenges10:00 Power Infrastructure and Energy Costs12:57 The Importance of Due Diligence in Data Center Development14:54 Site Assessment and Infrastructure Analysis19:41 Understanding Tier Ratings and Service Level Agreements27:06 Impact of Outages on Data Centers28:58 Understanding Incentives for Data Center Development30:13 Evaluating Risks in Data Center Projects33:56 The Physical Structure of Data Centers35:49 Power Requirements and Future Trends38:11 Investment Considerations in Data Centers40:24 Operational Management of Data Centers44:41 Future Innovations in Data Center Technology47:06 Investment Opportunities in Data Centers Juan’s Links Stroft Capital - https://stroftcapital.comJuan DeLuna - LinkedIn - https://www.linkedin.com/in/juan-d-9890ab93/ Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars 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.

  8. Aug 18

    How to Legally Minimize Taxes in Real Estate with Michael Uadiale Part 2

    In this episode, CPA Michael Uadiale shares expert insights on real estate taxation, entity structures, bonus depreciation, and strategies for ultra-wealthy entrepreneurs to optimize their tax situations legally. Discover how specialized tax planning can significantly impact your real estate investments and financial freedom. Key Topics Real estate tax code advantagesQualifying as a real estate professionalBonus depreciation and cost segregationEntity structures for asset protectionStrategies for ultra-wealthy entrepreneurs Takeaways The tax code favors real estate investors and entrepreneurs.Qualifying as a real estate professional can drastically reduce taxes.Bonus depreciation allows immediate write-offs, boosting cash flow.Proper entity structuring protects assets and optimizes taxes.Specialized CPAs can uncover hidden tax benefits. Chapters 00:00 Introduction to Real Estate Taxation 02:49 The Importance of a Real Estate CPA 05:15 Real Estate Professional Status Explained 08:09 Qualifying as a Real Estate Professional 10:30 Common Tax Mistakes in Real Estate 13:08 Understanding Bonus Depreciation 15:58 Recapture and Its Implications 18:26 Entity Structures for Real Estate Investors 24:19 Navigating Real Estate Entity Structures 27:22 Understanding Trusts in Asset Protection 31:29 Comparing Delaware Statutory Trusts and Deferred Sales Trusts 34:08 Exploring 1031 and 721 Exchanges 37:53 Strategies for Ultra-Wealthy Entrepreneurs 42:55 Staying Compliant with IRS Audits Resources: TrackNest App - https://tracknest.com 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.

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About

Welcome to Wonton Wealth! Embark on a journey through the dynamic world of commercial real estate investing with Tanh, your guide to unlocking the secrets of this lucrative realm. Whether you're a seasoned investor or just dipping your toes into the market, this podcast is your go-to destination for invaluable insights and expert advice. Join us as we dive into diverse topics, breaking down complex concepts into digestible nuggets of knowledge. Expect deep dives into the nuts and bolts of commercial real estate, peppered with engaging interviews that provide a 360-degree view of the industry.

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