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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
Oct 10, 2023

J Darrin Gross

I'd like to ask you, Scott Lyons, what is the BIGGEST RISK?

 

Scott Lyons   

So I think the biggest risk for us Darrin is is is making decisions around in kind of moment of duress, and let me kind of explain what I mean there. So what you won't get imagine that, hey, you're going into a recession will or we think there might be a recession? Maybe it's soft landing, who knows, but guess what interest rates are up there and a whole lot of is many projects opportunities out there, we better sell a bunch of work. We better just, you know, be the squirrel that goes out and just grabs, you know, every night that we can. And that rarely works out. And so what we're doing to mitigate risk really, Darren is just like, radically just discipline decision making. And so in other words, don't go out and overextend ourselves, don't go remote, don't take on projects, for customers whom we don't know. And because histories, you know, history is a great teacher, and just a lot of times that doesn't work out. And so what we're trying to do is, stay the course, be disciplined, make great decisions, work with customers, whom we just value and really can deliver for and who wants to, you know, and that's, you know, the risk is just panicking. And so we're not, we're not going to do the opposite of that, and just stay steady. Because of the macro factors, you know, of interest rates and economy, hopefully, this debt ceiling deal gets, you know, done by Congress. We can't control that, but we can control our decisions.

 

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