Commercial Real Estate Pro Network
BIGGEST RISK with Anne-Michelle Wand
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:02:12
- More information
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Synopsis
J. Darrin Gross If you're willing, I'd like to ask you, Anne-Michelle Wand, what is the BIGGEST RISK? Anne-Michelle Wand Well, I think I touched on it before. I think the one of the biggest risks is over leveraging your product and the so that's how I've created this whole business model to minimize risk by having all the money paid up front and owning the building outright and then having the ability to refinance it when conditions are favorable, in order to pull out investors money that that's that's that allows you to to withstand any downturns, delays or economic factors that may be happening in the outside world. And still, you're still going to have cash flow the way I've designed the project. It's going to break even at 23% so anything above that should be cash flow back to the investors. You know, it'll start out small, it'll grow and people will also have the ability there'll be a section in there where people can actually come and enjoy a vacation or or for the over 55 live there full time. So yo