Commercial Real Estate Pro Network

Today, my guest is Dan Lopez. Dan Lopez is the Chief Technology Officer at Neural and in just a minute, we're going to speak with Dan Lopez about Neural’s ability to better prepare and predict extreme weather events.   https://www.neural.io/earth

J Darrin Gross I'd like to ask you. Dan Lopez, what is the biggest risk?   Dan Lopez I love that question. Darrin, I think we always go back to the Donald Rumsfeld, the unknown unknowns, and to peel away the unknowns so that you have more insights to make better decisions more rapidly. Give you a a position and essentially the high ground where you can now make decisions with a clear head. I think that is the biggest risk, is shoving our heads in the sand and hoping that it all goes away and it's just not and we have to, especially for risk transfer. How do we get local to state to federal to global markets to understand how to interplay with each other? Because this is not going away.  https://www.neural.io/earth

Today, my guest is Kyle Kuderewski. Kyle is the operations manager at Web Street, an investment platform allowing people to passively invest in online businesses and digital assets. Kyle is an engineer turned investor entrepreneur. He's leveraged his attention to detail and knowledge of systems to create a well oiled operation at Web Street as they scale. And in just a minute, we're going to speak with Kyle Kuderewski about investing passively in cash, flowing digital assets. https://www.linkedin.com/in/kkuderew/ kyle@webstreet.co  

J Darrin Gross I'd like to ask you, Kyle Kuderewski, what is the BIGGEST RISK?   Kyle Kuderewski Yeah, I think this one for me, thinking about the investing risks all the time and whatnot, but I have to zoom out. And I like to go on a personal level, level here, and this is kind of why I got out of more of a corporate role, and what kind of led me down this investing path and this entrepreneurial path. So to me, I think the biggest risk is becoming too focused on immediate tasks and losing sight of long term strategic goals. So it's easy to get caught up in day to day demands and miss those opportunities for innovation, for growth. And what I mean by that is like, what am I doing day in and day out at my previous engineering job is that getting me where I want to be long term with the way my life's built? If I want to be able to work remote, or if I want to spend more time with family, or whatever the case is, I need to craft a life around that. So you talked about mitigating it. This is actually written here

Today, my guest is Edie Weintraub. Edie Weintraub is the visionary founder of Terra Alma, a boutique real estate advisory dedicated to shaping walkable, community centered spaces and fostering local connections. And in just a minute, we're going to speak with Edie Weintraub about creating vibrant hubs where people gather.   Website: https://www.terraalma.com/ Linkedin: https://www.linkedin.com/in/edieeverywhere/

J Darrin Gross I'd like to ask you. Edie Weintraub, what is the BIGGEST RISK?    Edie Weintraub Yeah,I think for us, you know, we are commercial real estate brokers for real estate agents, and so we are typically paid on commission only. And so if that deal doesn't come to fruition, that lease doesn't get signed, we don't get compensated. And so here, what I have to offer is my my network, my knowledge and my time, and so we are taking a significant risk every day in choosing who are the clients that we opt to work with. Because, you know, we might put a lot of time, energy and effort into deals that might not come to fruition. So it's, it is definitely the roller coaster. It's not a merry go round. And so I know that our field is not necessarily for everyone, but I do think that we're able to mitigate it in regards to balancing out our portfolio with some consulting opportunities where we're educating brands as well as developers on how to go about creating. Spaces that ultimately will attract the right tena

Today, my guest is Jay Connor, the private money authority, and in just a minute, we're going to speak with Jay about raising private money.

J Darrin Gross I'd like to ask you, Jay Connor, what is the BIGGEST RISK?    Jay Conner Well, when you ask that question, Darrin, the first answer that comes to my mind is definitely not a traditional answer. I'm thinking about Charlie Jones. Charlie Jones is known for his quote that says, within the next five years, there's two things that will have the biggest impact on your growth within the next five years. Those are the new people you meet and the new books you read. So my answer to the question, what do I see is the biggest risk? The biggest risk I see is someone being happy with the copasetic and the static and missing out on all the opportunities that this world has to offer and that God has to offer. And how can you learn about these opportunities? Is what Charlie Jones says, The people you meet and the books you read my good friend Tom Crow, who was the founder of wholesaling Inc, which was the largest wholesaling instruction Company in the nation, Tom preaches, read eight pages a day. Just read eig

Today, my guest is Mark Willis. Mark Willis is a certified financial planner and is a man on a mission to help you think differently about your money, your economy and your future. Mark is a three time number one best selling author and the owner of Lake Growth Financial Services, and in just a minute, we're going to speak with Mark Willis about Buying Back Debt.

J Darrin Gross  I'd like to ask you, Mark Willis, what is the BIGGEST RISK?   Mark Willis Well, I was thinking about this some the biggest risk is, is there's so many layers to your great question, and with enough time and enough adult beverages, you might get even deeper than this. But here's a good start anyway, there's a quote by Terry Smith. He says there are only two types of people when it comes to market timing, people who cannot do it and people who have not yet realized that they cannot do it. So what do I mean by that? What does he mean by that? Well, what I mean by what, I guess I'm taking away from that, is we are our biggest risk, the arrogance that comes with humanity's arrival syndrome. And this is something Nelson Nash came and showed me. He said the biggest threat to human survival is the arrival syndrome, and that is the idea that we have made it, that we have found the pinnacle of existence, that we know it all, that we know what the market is going to do tomorrow, or that we know how to bu

Today, my guest is Corinn Altomare. Corinn is the co founder of Hearth Fire Holdings, a real estate investment firm dedicated to creating durable wealth through innovation and real estate and technology. And in just a minute, we're going to speak with Corinn Altomare about how to turn your real estate investment goals into reality.   https://hfirecapital.com/ Ph: (818)378-1524  

J Darrin Gross: If you're willing, I'd like to ask you. Corinn Altomare, What is the BIGGEST RISK?   Corinn Altomare: for self storage, specifically? And I'll go there. First, something that we keep a very close eye on is over saturation, because it is such a niche market kind of service and real estate and business. So that's something that we head off very early in our underwriting process. We use a number of technology tools that not only track existing inventory in any given market or region, but also what's coming in the pipeline, what kinds of either zoning, zoning applications or new development, new construction permits are out there to make sure that we are not either buying or developing in a market that's already teetering on the brink of over saturation. So that's something very specific to what we do in self storage that we look at that's a primary risk, I would say, just because it's the laws of supply and demand. So that's something that we keep a close eye on throughout the acquisitions and du

Today, my guest is Josh Goldberg. Josh has over 20 years of experience founding and operating businesses in solar energy and technology. Josh is currently the CEO and co founder of Sunstone Credit, a technology enabled Clean Energy Financing platform that helps businesses go solar. Sunstonecredit.com Josh.Goldberg@Sunstonecredit.com  

J Darrin Gross I'd like to ask you, Josh Goldberg, what is the BIGGEST RISK?   Josh Goldberg Well, I'll throw you a bone first. So when you go solar, we actually require that all of our borrowers have insurance on the system. A lot of times it's covered in the underlying property insurance, but it is a great asset. You do want to make sure it's insured. Weird things happen, like hurricanes and whatnot. So there's, and we actually have had a casualty event where something happened to the system, unfortunate, but insurance covered it, and we got made whole. The borrower got made whole. Everybody was happy. So I think, like for us as a business, you know, we're 40 person startup, and so there's a lot of risks. Some of them are execution, right? Like, can we continue to deliver a great we sit in between three parties. We partner with capital providers to deploy capital, we partner with solar installers who offer our financing, and we partner with business borrowers, right? We have to deliver a seamless, efficient

Today, my guest is Kip Sowden. Kip is the Chairman and CEO of Rreaf Holdings. Kip has over 37 years of experience in commercial real estate with a strong background in real estate brokerage, mortgage banking, acquisition development and asset management. And in just a minute, we're going to speak with Kip Sowden about investing in multiple commercial real estate asset classes.

J Darrin Gross If you're willing, I'd like to ask you, Kip Sowden, what is the BIGGEST RISK?    Kip Sowden Yeah, I think that, you know, with every investment opportunity, there's risk and reward, right? And so we're always looking for, you know, ways that we can, you know, mitigate risk and generate, you know, outsized returns given the risk profile. And I think there's a lot of that's done through, you know, our vertical integration, as we discussed earlier. And I think a lot of it's done through, you know, on the commercial real estate side, it's done through the asset classes that you're in and the locations that you're in. I mean, if you're buying and developing in markets where demand is exceeding supply, you certainly lower that risk and you create theoretically better positive returns, right? And so it really boils down to, you know, the sponsor doing their diligence on the underwriting, you know.    But there are you know, things that you don't count on or don't foresee, and how do you deal with thos

Today, my guest is Seth Jones. Seth is the CEO of Hygia Living Corp, where he and his team have developed Superstratum, the first patent pending process to remove mycotoxins from homes. And in just a minute, we're going to speak with Seth Jones about Building Related Illnesses and the impact and what you can do.   Contact info: https://hygia.life/crepn Superstratum.co  

J Darrin Gross I'd like to ask you. Seth Jones, what is the BIGGEST RISK?   Seth Jones: Well, I have what I think is an interesting answer, because being in the space of health and chemicals regulation and compliance is from the federal government is a huge risk. And that was always the biggest risk of our company, especially because we we set out to do something different, new. It was extremely high risk when we started for many reasons. You know, many reasons, as as all startups are, but particularly because we were entering, you know, a highly regulated space and trying to do something a little bit different. And that risk, actually, we had the EPA shut us down last year, in December, after about three years of building the company, and they shut us down for what they deemed compliance issues with certain things we were saying on our labels, and that's because the EPA regulates very tightly anything related to mold, bacteria, any chemicals that you use to mitigate what they deem or pests. And there were, t

Today, my guest is Jeremy Thomason. Jeremy Thompson is the Managing Principal at Convolo Capital, where he focuses on acquisitions and equity relationships. Convelo is a boutique private equity firm specializing in multifamily assets in Georgia and Texas, and in just a minute, we're going to speak with Jeremy Thompson about social impact initiatives that are good for residents, employees and investors. Contact info: Website: https://www.convolocapital.com/ Email: jeremy@convolocapital.com

J. Darrin Gross I'd like to ask you. Jeremy Thomason, what is the BIGGEST RISK?   Jeremy Thomason Okay, man, this is a great question. We are sitting here. I don't know when this will air, but we're sitting here on a on a Fed day. So the obvious answer to me would be interest rates. And so honestly, I'm not going to answer that, because that's just an obvious answer. And I actually have an insurance license too, and I sit in Texas, and so it'd be very easy for me to say, well, it's the high cost of insurance. That's an insurance that's just a really big problem right now for our industry. And in Texas, renewals, everybody's scared when their renewals come up, because it's just going to be a bad news story. So it'd be easy for me to say, well, it's insurance, and those interest rates and insurance are not really controlled by us in a lot of cases, so they do represent big risks. But I'm going to say it is something that I've learned through this last cycle. And so it's related to insurance and interest interes