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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: Page 1
May 2, 2023

J Darrin Gross

I'd like to ask you, Edward Ring, what is the Biggest Risk? 

 

Edward Ring 

I think the biggest risk I'm facing right now is not having the patience to to get comfortable with the knowledge base that I have, and what I see on the horizon. So I'm, I'm a person that tends to slow down when other people are rushing. They want me to make a decision quickly. So I peel back and take a moment, take a pause. I do my best work when I'm thoughtful. And I assess. And I think that that's the risk that most humans not just in real estate, but most humans face is that they are making decisions without actually understanding the fundamentals surrounding the problems that they are faced with. And I think that folks out there would, would do well to get educated, and to really make sure that they're arming themselves with intelligence and intelligent reporting. So they understand the markets that are in they understand the risk, reward calculus, and they understand what, what they're facing. And if they understand all of those factors and are comfortable with them, then it's pretty easy to make the right decision or at least a decision. And time will tell if it's been right or not. But at least you're eliminating the one single factor that everybody has and that's your own ignorance. If you can eliminate your own ignorance, man, you're gonna do great.

 

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