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Commercial Real Estate Pro Network

Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss todays opportunities, problems & solutions in Commercial Real Estate.
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Now displaying: October, 2023
Oct 31, 2023

J Darrin Gross

I'd like to ask you Owen Barrett, What is the BIGGEST RISK?

 

Owen Barrett  

Yeah, I think it's easy. It's climate change. I think it's climate change. For a number of reasons. From a utility perspective, I mean, look at the heatwave that we have going on now, in the Southwest US, how are utilities going to keep up with all that demand? Assuming that this is like the new normal. From an from an insurance perspective, we're seeing major insurers pull out of entire states, because the climate risks are too high state farm just pulled out of California due to wildfires, and Florida due to Hurricane risks. So there's so many adverse effects of climate change that are going to just perpetuate through all different pieces of the economy. Agriculture is a huge one too. I mean, thinking about your food supply and how that's gonna get affected. There's just there's so many risks of climate change, that it is just mind boggling to me that it's not everybody's number one priority to do everything in their power, whether as an individual or corporation and institutional investor to solve this as fast as possible, because I think we're moving entirely too slow.

 

Oct 26, 2023

Today my guest is James Gosse. James is an is Executive Managing Director of transaction services at NXT CRE. NXT CRE supports commercial real estate lenders find properties for their exiting borrowers that match their exiting 1031 needs. And in just a minute, we're going to speak with James about how the price of interest rate caps is making it near impossible for borrowers to use floating rate debt.

Oct 24, 2023

J Darrin Gross

 I'd like to ask you, James Goss, what is the BIGGEST RISK?

 

James Gosse  

Well, a great question. And certainly, you know, the topic we were just touching on by the way, Darrin, I think, you know, oftentimes, so people are aware interest rate caps are often referred to as insurance policies for your interest rate. So I just found that an interesting aside, the biggest risk for us and this is a good question. You know, it's one of the things that If I'm honest, sort of this probably keeps me up at night more than other things. It's, you know, it's not making people aware of who we are, it's not not being able to get our message out to the right people. Right, that that's the risk I see. And again, we're obviously doing what we can to eliminate, mitigate, minimize all that kind of stuff. That said, you know, to us, that's the biggest risk, obviously, there's, there's other market forces and things like that, but just from what we can control. You know, to me that that's the biggest risk is we have something that when we explain it correctly, and when we have the right, people were talking to light bulbs go on. And when we have the discussion with lender partners, they go, of course, we want to do this with you, right? Of course we'd like so, but it's just a function of the risk is that we don't communicate it right. Or the risk is that we don't communicate it to the right audience or, you know, whatever the case. So, to us, it's a an exposure again, and I see this very much. So we've got a guy, I think the gentleman who set me up to this, Tim, is outstanding, and he's spends all of his time trying to figure out how do we make sure the market is aware of us has the right perception. And again, that's one of the reasons we were so pleased to join CCI M, their member Advantage program? Again, for us, it's a, I would say an exposure or, you know, making sure we get enough exposure is our Biggest Risk.

 

Oct 19, 2023

Today, my guest is George Pino. George is the CEO of Commercial Brokers International, a full service commercial real estate firm, headquartered in Los Angeles, California, with over 27 affiliate offices around the US. And in just a minute, we're going to speak with George bout Keys to Getting Started Investing in Commercial Real Estate in 2023.

Oct 17, 2023

J Darrin Gross

I'd like to ask you, George Pino, what is the BIGGEST RISK?

 

George Pino  

Biggest risk? Um, I'm gonna answer that as the biggest risk I see for investing in real estate when you're just getting started. Because that's kind of what we're talking about as well. And the biggest risk there, I think, is, we see this happen a lot. And you'd mentioned like jumping on the bandwagon. You know, I'm constantly getting calls and our offices getting calls over the last month and a half about adaptive reuse for office space. And yet people have no clue what that is or what to how to go about it. But they hear about it, and they read it and I want to do this not understanding the whole business of it. And that right now, at this point, it's just too cost prohibitive for the most part. It may not be especially if the government's come in and give some incentives. So you know, I think one jumping on the bandwagon but I think that correlates into the ultimate answer, which is not doing your homework or due diligence ahead of time. Just here's my investment money. This is what I heard was going to happen. This is what I'm going to do. You know, I I think the program that you're looking at, you're talking about as far as an insurance company, you know, identifying the risks, mitigating the risks, transferring the risk, absolutely correct in any type of aspect, and investors should be looking at that as well, you know, identifying what the risks are, and then mitigating and we're transferring it. Part of that is also not understanding what's going on in the future or reading that. And, you know, we don't have crystal balls, I don't have a crystal ball, no one has a crystal ball that I'm aware of, was at the Magic Castle a few weeks ago, they had a crystal ball there, but I don't trust it. So. But when you're looking at the future, though, you can still kind of see what's happening, you know, what laws are going to come into place, you know, if it's going to be a headache, if you know if you know, right now there's, you know, insurance industry, at least in Southern California, we're having some issues, you know, there's a lot of carriers are pulling out of California. And that's going to cause an increase in your insurance rates. Now, if you're in a single tenant net lease or net lease property, sure, you're looking at what the tenants are going to pay for that. But you have to think a little bit further, if your triple net expenses are too high, and they're going to offset by trying to lower the rent. So it can't just be a complete passer, you have to think about what's going to work for everybody. And also, the last thing you want is to pass through expenses that cause your tenant to go out of business. So you have to really think about how to go about that and how to plan for that action. And a lot of people don't don't really think about that. I mean, speaking of insurance, I just got a insurance person, I had a company that just denied insurance on a property because the neighboring property had too many homeless people based on aerial photos. So the insurance companies are getting very picky and pushing and that's been an issue. But you have to understand that going in if you're investing that this is going to just be part of my investment strategy here my expenses, they may be this today. But in reality after I close escrow, it's going to be here, and a lot of people don't really look at that and have a plan for that action. They're just kind of looking at that snapshot today. And I think that's the biggest risk that they have if they're just not taking the whole picture in.

 

Oct 12, 2023

Today, my guest is Scott Lyons. Scott is with the global commercial construction firm DPR. And that's where Scott is the national commercial core market leader where he is directly responsible for understanding the needs of DPRs customers and delivering predictable results. And in just a minute, we're going to speak with Scott about leading your commercial construction team through these volatile economic times.

Oct 10, 2023

J Darrin Gross

I'd like to ask you, Scott Lyons, what is the BIGGEST RISK?

 

Scott Lyons   

So I think the biggest risk for us Darrin is is is making decisions around in kind of moment of duress, and let me kind of explain what I mean there. So what you won't get imagine that, hey, you're going into a recession will or we think there might be a recession? Maybe it's soft landing, who knows, but guess what interest rates are up there and a whole lot of is many projects opportunities out there, we better sell a bunch of work. We better just, you know, be the squirrel that goes out and just grabs, you know, every night that we can. And that rarely works out. And so what we're doing to mitigate risk really, Darren is just like, radically just discipline decision making. And so in other words, don't go out and overextend ourselves, don't go remote, don't take on projects, for customers whom we don't know. And because histories, you know, history is a great teacher, and just a lot of times that doesn't work out. And so what we're trying to do is, stay the course, be disciplined, make great decisions, work with customers, whom we just value and really can deliver for and who wants to, you know, and that's, you know, the risk is just panicking. And so we're not, we're not going to do the opposite of that, and just stay steady. Because of the macro factors, you know, of interest rates and economy, hopefully, this debt ceiling deal gets, you know, done by Congress. We can't control that, but we can control our decisions.

 

Oct 5, 2023

Today, my guest is Bruce Mack. Bruce is an in demand national speaker real estate investor involved with over $90 million in transactions. He's an author and the founder of platinum trust group has a licensed financial advisor at trust expert, Bruce empowers investors to achieve significant tax mitigation plus bulletproof asset protection through his proprietary IRS compliant trusts. Over 80% of his clients are real estate investors, ranging from owning just a few doors to over 3000. He educates on the ideal alternative solution to 1030 ones for capital gains treatment, as well as the best entity for holding assets that hands down are superior to LLCs, or corporations. Bruce has an exceptional relevant training for newbie investors as well as seasoned pros with multimillion dollar portfolios. And in just a minute, we're going to speak with Bruce, about how a trust can protect you and your assets, provide tax mitigation and help you transfer your wealth to the next generation.

Oct 3, 2023

J Darrin Gross

I'd like to ask you, Bruce Mac, what is the BIGGEST RISK?

 

Bruce Mack  

I think, for me and for my clients. undoubtably the biggest risk is to not have a trust because the the exposures that are out there in today's litigious environment are so massive that you unfortunately, if you don't have one, you could be wiped out. And therefore, without a doubt that would be my my direct answer.

 

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