Today, my guest is Brian Roberts. Brian Roberts is with Dandelion where he serves as director of business development, and in just a minute, we're going to speak with Brian Roberts about high performance, Earth powered geothermal heating and cooling.
J Darrin Gross
I'd like to ask you, Brian Roberts, what is the BIGGEST RISK?
Bryan Roberts
Yeah, of course, the biggest risk, one of the biggest risks, I would say, for geothermal HVAC systems is late integration into the project. If a developer brings us in after the mechanical engineering the MEP is finalized or or even well underway, we're.
Often trying to retrofit a solution into a system that wasn't designed to support it.
There can, at times, be a little bit of a knowledge gap. Many architects and engineers will default to legacy HVAC systems simply because that's what they're most familiar with. And we see some missed opportunities because geothermal wasn't on the table early enough. So I would say it's really important that we get involved in the conversation early.
That's that's a huge risk for us to not be involved early enough. On the flip side, if, if I look at it from the developers perspective, those developers who don't go with geothermal, their risk is future obsolescence. You're looking with fossil fuel systems that may soon be out of code, that are unattractive to future buyers, or burden with expensive retrofit requirements and and on top of that, you're leaving major tax credits on the table that are available to offset the upfront costs and make it possible for you to enjoy lower operating costs over the long haul.
Today, my guest is Adiel Gorel. Adiel is one of the leading experts on real estate and real estate investment in the United States and around the world. He is the author of five books, including his Amazon bestseller, Remote Control, Retirement Riches. And in just a minute, we're going to going to speak with Adiel Gorel about The Miracle Real Estate investment, Sitting in Plain Sight.
J Darrin Gross
Adiel Gorel, what is the BIGGEST RISK?
Adiel Gorel
With your permission, I'm going to riff the answer, not going to be one sentence, just a few sentences to me knowing what I know now, funnily enough, the biggest risk is doing nothing at all, because later in the future, you say, Oh, my God, I could have owned three houses. Okay, so doing nothing is a very big rate, but Okay, fine. Within the realm of actually doing stuff and buying rentals or buying property. To me, a big risk is buying junk and buying junk. It's easy to say, don't buy junk, but junk is very attractive. Why? Because people have a notion about cash flow, and typically, the worst the home, the worse the neighborhood, the worse the city on paper, the cash flow looks better. Life doesn't happen on paper. So the biggest risk is to buy junk. It's like in software, garbage, in garbage, out. I know people say, Well, we're gonna fix it. No, really is the was the fix up good? Okay, so to me, not buying new is a big risk, mitigating it. Buy new in good areas, but related to your sphere, I also consider it a risk to be under insured. You need to be well insured on your property and get the maximum liability insurance that your insurance agent can offer. Of course, we make it so that it all taken is taken care of for you. But I recommend never being, you know, under insured, because that's an opening for risk.
Today, my guest is Andy Gurczak. Andy is the founder of All City Adjusting, a licensed Public Adjusting firm with a focus on making sure the clients get what they truly deserve from their insurance claims.
Ph: (708)655-4186
J Darrin Gross
I'd like to ask you. Andy Gurczak, What is the BIGGEST RISK?
Andy Gurczak
Biggest Rsk? Cut me up. Cut me off guard, not you know what I'll say, not maintaining your home. I think a lot of people the biggest risk is people not maintaining their home, and then homes falling apart, having damage which they all expect the insurance to cover. And it's not, you know, singles falling off your window, caving in, you know, two by fours leading to the left, drywall peeling. Those are all prevented, like, those are all maintenance of your home. And so the biggest risk I I think, is, is just people then expecting the insurance company to be their warranty, their handyman and everything and and it be done for free, and you probably see it on your side too as an insurance broker.
Ph: (708)655-4186
Today, my guest is Richard Ross. Richard is the CEO of Quinn Residences. Quinn Residences is a is a leading institutionally backed owner, operator and developer of dedicated Rental Communities in in the southeastern United States.
J Darrin Gross
If you're willing,
Richard Ross
You're asking, what keeps me up at night is that?
J Darrin Gross
That's right. Richard gross, what is the BIGGEST RISK?
Richard Ross
So people in this business typically would say interest rates, and certainly the elevated level of rates has been a factor. My opinion on interest rates is, as long as they're stable, I can deal with them like I can price my product, if you will. What keeps me up at night today, and you sort of alluded to it, is regulation and legislation, particularly anti renter bias, and that's mostly local. I'm talking rent control. I'm talking prohibition against renting because somehow we are impeding people from buying homes. The facts don't bear that out. But you know, you can get a law passed that says you can only rent five homes and 100 home subdivision. Well, that's a problem for me. It's a problem for you, probably, as a owner of rental property. So that's, that's would be the biggest risk today is, is a sort of a myopic approach and an anti renter bias that a lot of local municipalities have.
Today, my guest is Vince Gethings. Vince is the co founder of Tri City Equity Group and the owner of Wheelbarrow Profits Academy.
https://www.vincentgethings.com/
https://www.linkedin.com/in/vincent-gethings-50420a137
https://www.instagram.com/vince.gethings/
J Darrin Gross
If you're willing, I'd like to ask you, Vince Gethings, what is the BIGGEST RISK?
Vince Gethings
What I've seen, it'd probably be over leverage. I know it's kind of the easy answer, but a lot of the issues that I've seen of people being forced their hand is forced to take action is because they're an over leveraged position and they don't have they don't have the working capital. They don't have the liquidity to kind of weather the storm. So they're being forced to take action where a lot of kind of more seasoned investors are sitting on their hands right now, and they can afford to do so, and they're not, they're not being forced to do, to buy or sell. So that, that is what I see right now. As far as the biggest risk of the people that you know we had, we had the survive to 25 mantra, all in the last two years. And that's the that's not working. So maybe it's survived for 26 527, but, um, but, and I think, I think that could have been a lot of that could have been prevented if just keeping keeping leverage in check. And, yeah, that's probably the, probably the biggest one. I can probably go half a dozen more, but that's one I'm going to go with.
https://www.vincentgethings.com/
https://www.linkedin.com/in/vincent-gethings-50420a137
https://www.instagram.com/vince.gethings/