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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
Apr 19, 2022
J Darrin Gross

I'd like to ask you Omni Casey, what is the biggest risk?

 

Omni Casey  

That is a great question. I think there's a lot of little things you can point to you mentioned environment and and you know what's going on in the world. You know how that might affect your individual acid at the time or your strategy at the time, but my answer is probably a little bit more abroad, you know, because what I've found over the years, no matter who's in office, right, no matter what's going on in the world, you can be successful in what I do in real estate investing, and you just got to be willing to change your strategy, when you understand what's happening there. So I think the biggest risk is really not understanding the rules to whatever game you're playing. So understanding the rules is so important. And some people don't even understand the game, so maybe not understanding the game. And then, like what I'm doing, you could actually choose to play a different game, right? There's, there's a very common game out there, I'm like, Well, if I can get good at my own game, no one was actually in my space playing the game that I'm playing. So I don't have a lot of competition. So it's actually much easier for me, because I created the own rules to my game. Once this picks up, then maybe I gotta go figure out how to create a new game. And so when you're looking at some constants that we think are constants, and maybe they change, how does that affect vote, for example, um, a lot of talk about inflation, right, we're north of 7%, and who knows where it's gonna go. And, but that's a rule, that's a rule in the game. And if, you know, I use the analogy of gravity quite often, like if gravity changed today, like if the like, if, for whatever reason, gravity was at 50%, and people like borderlines started to float away, we would have to change the rules to how we live our day, right, we'd probably have to wear heavier clothing and you know, not jump around, or whatever the case may be. But we'd have to adapt and get used to it. And so 7% 8% 10% Inflation is crazy. But as long as we're adapting, and we know what to do, we have to invest differently, like my investment decision today is different than it was five years ago, based on inflation. Same thing with insurance. Well, same thing with interest rates, if the interest rates continue to rise, alright, that changes my strategy, my strategy is drastically different. But understanding that all they are just rules to the game, I gotta shift what I'm doing. So it's really a self analysis of what your goals aren't what you're doing, and understanding that everything that's going on around you are just rules to a game, if you understand them, you can use it to your advantage.

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