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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
Jun 24, 2019

Darrin: [00:00:09] What do you see as the biggest risk that people face. [00:00:12][3.1]

 

Ross: [00:00:14] Well first of all there are many risks. But if I had to boil it down; look if something has gone wrong let's say it that way because not everything goes 100 percent the way you want it to. This is, there's no guarantees in investing in real estate but it almost always comes back to people. We touched on property management earlier that's certainly a key part of it. So, I would feel like if you want to avoid that risk you've you've got to be involved with a group. A Tribe as I call it, because there's protection in a tribe. Let's, let's say that somebody brings an opportunity to that group and not any malfeasance. But it just turns out the day they're in over their head. They don't know what they're doing and they lose somebodies money. How many times you think you're going to come to that tribe again with something and it's going to work? Never that they're done. Okay. So there's a little bit of protection there. I would also suggest that don't start with anything that's too big. I like the idea that we start with single family homes. Although I'm not doing that anymore because it's not fatal. If you have a single family home that doesn't go well for most investors an ideal mostly with accredited investors so I know I'm dealing a little different pool of people nest maybe. But, that's not going to hurt them that much. And they're still going to learn a lot from that. So I would say don't jump in too deep into the pool and I would say make sure you're playing with the right people. That that those are keys for me. But there's other things. But those are pretty pretty big takeaways for me. [00:00:14][0.0]

[3.1]

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