Commercial Real Estate Pro Network

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.   https://dandelionenergy.com/  

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 wit

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.   https://icgre.com/event/  

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

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. https://allcityadjusting.com/ 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.  https://allcityadjusting.com/ 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. https://live-quinn.com/

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 approa

Today, my guest is Vince Gethings. Vince is the co founder of Tri City Equity Group and the owner of Wheelbarrow Profits Academy.   Vince@wheelbarrowprofits.com 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 k

Today, my guest is Brian Seidensticker. Brian Seidensticker, he founded Tax Sale Resources, TSR in 2010 and in 2017 Brian partnered with software developer SDA solutions, a comprehensive workflow management system. And in 2020 Brian launched mount North Capital, a 506 C fund, providing capital to tax deed investors. And in just a minute, we're going to speak with Brian Seidensticker about Delinquent Tax Investing.   https://www.taxsaleresources.com/  

J Darrin Gross  If you're willing, I'd like to ask you, Brian Seidensticker, what is the BIGGEST RISK?   Brian Seidensticker I guess, you know, as far as buying tax deeds or the fund itself, it's for you to to, for me to interpret. Well, I think it's, it's from a tax, just tax sale properties, taxes and taxes in general, the biggest risk is the underlying property value, right? That That alone addresses the you know, is this, is this lien going to am I going to be able to make a return on this lien or this deed at the end of the day, or not? And that that is your number one risk? Right is, is assuming that you can, can make sure that your underwriting process addresses that right, and that you can't eliminate it, because things can happen right? I've certainly seen and been and been involved in a property that was purchased and then, for whatever reason, gets demoed, or, you know, has a fire break out, or whatever, what you thought that property value was right is no longer there, right? And so, you know, eit

Today, my guest is Eddie speed. Eddie speed is the founder of Note School, and in just a minute, we're going to speak with Eddie speed about opportunities in private, note investing.   noteschool.com/crepn https://noteschool.com/  

J Darrin Gross I'd like to ask you. Eddie Speed, what is the BIGGEST RISK?   Eddie Speed Losing my money and losing my money means that I bought a note and I don't get enough recovery to go pay off my investment and still make a yield. So that could be that that could relate to non performing notes. Performing notes, it does everything down the line. It's like at the end of the day. That is why I like buying first mortgages with a cushion between what the collateral is worth and what I invested in the note. And that's the simplest form to say at the end of the day. That's my safety net, that cushion between what the collateral is worth and what my investment is in that note. noteschool.com/crepn https://noteschool.com/  

Today, my guest is Sandeep. Patel Sundeep is the CEO and co founder of Avana companies, an asset management and fintech firm that specializes in commercial real estate, private credit, lending and investing. And in just a minute, we're going to speak with Sundip about the impact of return to Office trends on the hospitality industry. https://avanacapital.com/ https://www.linkedin.com/in/sundipbpatel/  

J Darrin Gross I'd like to ask you Sundip Patel, what is the BIGGEST RISK?   Sundip Patel That's a great question. Darrin, by the way, so the biggest risk that I foresee, and in our business, is the underestimating of the impact of AI and to our business and everything we do, from assessing risk, evaluating risk, to, you know, funding that risk, the entire process. So we as a company have taken some bold steps to get ahead, to understand how we can apply AI and what it will mean. As as you remember when we started the conversation, my mission was to create jobs and maintain jobs. I live with that fear today, because you're asking me, what's the biggest risk? This is the risk that keeps me awake in the middle of the night when I think that I'm underestimating the true impact of AI that's coming really fast upon us and the sweeping impact it will have across all businesses, not just mine, but even others. And right now, I'm focused on making sure mine and my employees are upskilled and ready and changing fast s

Today, my guest is David Blumenfeld. David is the co founder of Next Rivet, a Silicon Valley based consultancy dedicated to assisting traditional physical businesses and leveraging digital technologies. And in just a minute, we're going to speak with David Blumenfeld about how AI is transforming real estate. david@nextrivet.com https://nextrivet.com/  

J Darrin Gross I'd like to ask you. David Blumenfeld, what is the BIGGEST RISK?    David Blumenfeld We're going to answer it a couple different ways, if that's okay. So I think I mean, and this, this first one might, might seem like a self serving answer, but I think the risk for real estate companies in general for not looking at technology. And again, it doesn't have to be the biggest, you know, the biggest, the newest, the the flashiest, but if you're not incorporating technology into your your your day to day operations, whether it be from a marketing perspective, a company, a leasing perspective, Building Management, etc, you are getting left behind and and the good news for you is that the real estate industry moves slow, but as it gets more and more competitive from insert certainly In certain asset classes, office being one of them to not be investing in kind of future proofing your building and your company is going to come back and bite you in the long term and so and both from a just an operational

Today, my guest is Simon Isaacs.  In 2015 Simon moved his family from London to West Palm Beach, Florida, where he became more involved in the local real estate market after seeing an opportunity, and in just a minute, we're going to speak with Simon Isaacs about the real estate market trends.   https://isaacsrealestate.com/  

J Darrin Gross  I'd like to ask you, Simon Isaacs, what is the BIGGEST RISK?   Simon Isaacs Wow, I would say the biggest risk here. Big Question, the big question.  Demand. I. Demand is the biggest risk here. You know, demand for properties, demand, if you know you only need one event, one weather event, and everybody ends up leaving. So I would say demand and weather are the biggest risk in my book, yeah, clearly, in Florida, you're, you're one, you know, one, one major weather event, or something like that from, you know, sour people souring on the on the place, or at least, and it doesn't even need to be a major weather event. It just has to be enough that people are concerned and they don't want to deal with it, right?   And let me ask you this, do you feel that that's a a local attitude, or do you think it's more of a public perception that gets promoted, you know, news, etc, after an event, public perception, you know, we end up, you know, whether it's the tornadoes, the winds, etc, it stays on the news