Today, my guest is Jon Howard. Jon is currently pushing the boundaries of architecture, as the associate principal science sector leader at HED of America's oldest and largest architecture engineering design firms, and in just a minute, we're going to talk with Jon Howard about the future of scientific workplaces.
https://www.linkedin.com/in/jon-howard-aia-cdt-6056604/
J Darrin Gross
I'd like to ask you, Jon Howard, what is the BIGGEST RISK?
Jon Howard
I think the BIGGEST RISK, from my perspective, and I'll take, I guess, my client's perspective on this, is making sure that if you're a science based tenant or or even a owner, like a you own a building and you want to attract science based tenants, making sure that the whatever facility they're going into can meet the needs of those types of tenants. I think we've seen, luckily, not too often in my own personal experience, but we have seen in the industry, you know, a building being built for maybe a single tenant, even if it was a lab tenant, being built for a tenant or a tenant type that doesn't have the kind of the metrics that a science based tenant will be looking for. So, you know, making sure that the Structural base spacing is adequate, or is on 11 foot module, that's kind of the rule of thumb, so that you can have all your bench benches laid out efficiently and have enough space to walk around and not run into a column, making sure you've got enough floor to floor height. So typically, what we try to look for with a prospective tenant is making sure that the building can accommodate a 15 foot floor height so that they can accommodate all the ventilation systems and everything that go into a lab space. Or sometimes, if it's not that high, designing enough floor mechanical space in the floor area to kind of make up that kind of lack of ceiling area that you you would be missing. So I think just from my own perspective, especially with investors that are real estate developers that are looking into getting into the sciences, I think the biggest risk is landing that tenant and then the tenant not being able to get into the building, or having some serious issues with the building that they weren't cognizant of. So what we do here at H, E, D is often we'll work with landlords or tenants to to help them assess in a building asset and make sure that it can accommodate whatever tenants they're looking for, or if it doesn't recommend. Some upgrades that might be needed to attract those tenants. Or in the tenants perspective, you know, create a list of things that need to change before you can sign a lease or or what have you so, because if, if you're locked in and the building doesn't work, then that that can be a major issue, especially for science tenants that have, you know, an ROI that they have to adhere to, and, you know, develop a product to market at a certain time frame.
https://www.linkedin.com/in/jon-howard-aia-cdt-6056604/
Today, my guest is Christopher Schlierman. Chris is based in Arizona with a background in tech and real estate, and today is the president of Corona capital. And in just a minute, we're going to speak with Chris Schlierman about how to align your heart and mind.
https://www.linkedin.com/in/chris-schlierman-b03bb391/
J Darrin Gross
If you're willing, I'd like to ask you. Christopher Schlierman, what is the BIGGEST RISK?
Christopher Schlierman
Uh, two things on a personal front, the person you marry is the BIGGEST RISK. On the professional front, it's choosing the place you're going to work. And getting that would go with investment too, of like, who you're going to invest with, the person, not the company, putting an emphasis on the people that you're going to align with, if you're going to partner with somebody, if you're going to go take a job from somebody, you're going to invest in somebody. There's a person behind it, right? Like, there's always, it's always a person you're investing in a company, well, there's a CEO, there's a founding team, there's a real estate project that you're going to invest in. Well, there's somebody who's running point on managing that project. If it's a taking a job somewhere, it's taking a job working for somebody, whatever, there's always a person that's behind every deal. The BIGGEST RISK is always on the people side, whether it's personal or professional, it's, do you actually know this person? Or now are you going to go in to, you know, get in lockstep with this person? Is always going to be the BIGGEST RISK..
https://www.linkedin.com/in/chris-schlierman-b03bb391/
Today, my guest is Jamie Seale. Jamie is the is a content writer at Clever Real Estate, the leading real estate education platform for home buyers, sellers and investors, and in just a minute, we're going to speak with Jamie Steele about Rent versus Buy cities.
J. Darrin Gross
If you're willing, I'd like to ask you, Jamie Seale, what is the BIGGEST RISK?
Jaime Seale
That's a tough question. I will tie it back to real estate, because I feel like that's, you know what we're talking about here with this study, what I do, and I think buying a home is a huge financial decision. It's a lot of a lot of money, a very long term commitment. So I think the biggest risk is probably just getting yourself into a situation where you have more house than you can afford. Maybe it's, you know, buying a a. And a half million dollar home in San Francisco when there are much more affordable options and in Cleveland. But I think it's very important to stick to your stick to your budget, crunch those numbers ahead of time and know what you can afford, know what interest rate you can, you can afford, and what sort of mortgage you're going to be able to afford, long term, taking into account the unexpected and hidden costs of homeownership. You know, you don't want to find yourself, you know, house poor, I guess, for lack of a better word, but just Yeah, doing your research ahead of time, and really not getting yourself into a situation where you can't, you know, afford a place to live, I think is it would, it would. It's a great way to minimize that risk.
https://www.linkedin.com/in/jaime-dunaway-seale-660028158/
Today, my guest is Kevin Bupp. Kevin Bupp is a seasoned commercial real estate investor, top podcast host and author of the Cashflow Investor with over 1 billion in real estate transactions under his belt, and in just a minute, we're going to speak with Kevin Bupp about the real estate market, specifically the mobile home park investment strategies he uses.
https://sunrisecapitalinvestors.com/
https://www.linkedin.com/in/kevinbupp/