Commercial Real Estate Pro Network

J Darrin Gross I'd like to ask you Anne Hollander, what is the Biggest Risk?   Anne Hollander   I am happy to take on this challenge. So over the course of our conversation, I think we've talked about a number of areas of risk, right, we're seeing expense growth, quite a bit in the operations, which, frankly, is a lot of ways the silent killer. We've talked to them about the debt side of this and understanding your positions within debt and understanding it a much deeper level where you sit today and what risk you're taking on within the debt that you have either existing today on the on your existing assets, or in the future as you're doing deals. Frankly, you know, when I begin to look at, I think there's also equity risk as well for capital call unexpected capital calls, if the to an asset and debt aren't mitigated particularly well. So opening up new risks potentially on the equity side, and either not being able to return as much as you're expecting, or potentially even being underwater in what those ret

Today, my guest is Maya Weinreb Maya is an entrepreneur and a real estate investment bookkeeping specialist. Maya's been doing bookkeeping for almost 20 years, and is a QuickBooks Pro advisor. Before she started her bookkeeping firm, she held the position of CFO for a marketing company in Los Angeles. And in just a minute, we're going to speak with Maya about what does every real estate investor need for their books.

J Darrin Gross I'd like to ask you, Maya Weinreb, What is the Biggest Risk?   Maya Weinreb   Yes, I thought about this, I thought about this. I think the biggest risk right now, for real estate investors, for clients, for entrepreneurs, for individuals, for everybody right now, is the fact that the IRS just hired 87,000 new auditors. And you know, we saw articles about that a lot at the end of last year. And I don't know if they're all hired, and they're all implemented. But what does that mean to an individual? What does that mean to an investor? That means that they're, they're 87,000 times more likely to get audited, at least not saying I'm a mathematician, so maybe me No, that's not the exact math, you math it. But to me, that's 87,000 More people who could potentially go and audit your business, your investments. So it just makes it so that all of the things that you're supposed to do that you kind of said, well, no one's ever audited me and it's never really been a big deal. Now is the time to get all o

Today, my guest is Bronson Hill. Bronson is the Managing Member of Bronson Equity. Bronson is a general partner in 2000 multifamily units worth over 200 million and CO leads a large inperson multifamily meetup in Pasadena, California called FIBI Pasadena Multifamily. Bronson is also the host of the Mailbox Money Show Podcast. And he understands the investor mindset. Having spoken individually over the phone with over 1300 investors and having raised over 30 million for real estate and his ATM machine fund deals.  Bronson is the author of How to Use Inflation to Your Advantage. And as a regular contributor to YouTube and his blog. He is also the capital raising coach at Kingdom REI, a faith based group, helping investors find deals and raise funds for large real estate deals. And in just a minute, we're going to speak with Bronson about how to use inflation to your advantage.

J Darrin Gross I'd like to ask you, Bronson Hill, what is the Biggest Risk?   Bronson Hill   So I think there's a lot of risks. And I think, you know, sometimes we see risks, and we don't, you know, we tend to have inactions. I think inaction is probably the biggest risk for that I see, for most people, I've had now close to 1500 conversations with individual investors. And I just see analysis paralysis is real, we get busy, we have stuff going on, we don't take action. And all sudden, we're like, well, where's, you know, gosh, I really wish I missed out on this, I missed out on that. And it's not that we have to take massive action and you know, go from 0% invested in alternative deals to all of a sudden 100% invested. It's just, you know, taking small steps and saying, you know, one of my things that I tell people is, you know, against analysis paralysis is, you know, go to meetups, give yourself a timeframe. Okay, in the next two months, I'm gonna go to this many meetups, I'm gonna, you know, get on deal s

Today, my guest is Stuart Heath. Stuart is the founder and CEO of Harvard Grace Capital, a private equity real estate investment firm that helps people build wealth faster through hands-off real estate investing, generates passive income, reduces risk, and maximizes tax efficiencies. And just a minute, we're going to speak with Stuart about the hidden mistakes to avoid and key criteria to look for when evaluating potential passive property investing opportunities.

J Darrin Gross I'd like to ask you, Stewart Heath, what is the Biggest Risk?   Stewart Heath   I am willing, and I will dive into the pool. I think it's a brilliant question. To me, the biggest risk is tenant selection. It's not an insurable risk. You know, I do live in Tornado Alley. So you know, severe weather can be a risk but you can insure around that the biggest risk is essentially the income from the property. And the income from the property comes from tenants. And it is a professional, I think it's a professional expertise that is developed to be able to underwrite a new tenant for a lease. It's not just the first person that called and say, and is willing to pay you the deposit. And I use that example, because I've made that mistake before. But if you will take, you know, an hour's worth of due diligence, either residentially or even commercially, and check into them yet third party reports, and do reasonable and customary means of verifying what what the tenant is telling you. And yet, then, then y

Today, my guest is Victor Bell, Victor is transacted over $59 million in real estate transactions in seven states, including Hawaii, Arizona, Texas, North Carolina, Ohio, and Michigan. And in just a minute, we're going to speak with Victor about how to succeed in real estate in 2023.

J Darrin Gross I'd like to ask you, Victor Bell. What is the Biggest Risk?   Victor Bell   Well, if I can give an honest answer, it's short is not taking risk at all. Because it's real. I'm a real estate guy. So I take a look at all risks and try to assess it as like, Hey, how can we minimize risk and get the match return, even if to other people that return is not a very big. So a prime example like when I look at an apartment building deal, and I really like it, we start sizing the deal up, first thing we do is we look at the debt, we find a debt person, and then I try to get an insurance person on the team to say, hey, what do you think the insurance needs to be here? Could you give me an idea to quote and arrange? Because I recognize like, hey, there's two things that are gonna happen. And the most important thing to me is to make sure that I de risk my opportunities by saying, hey, there's a nicer thing. But we have insurance, we have somebody that can take a look at this and say, Vic, this is risky, or

Today, my guest is Roland Gib Stewart. Roland is an investor and a recently published author. He and his ex wife started with to $285 and have built that to $30 million in real estate and is still going and in just a minute we're going to speak with Roland Gib Steward about how you can build wealth through real estate.

J. Darrin Gross I'd like to ask you, Roland  Gib Stewart, what is the Biggest Risk?   Roland Gib Stewart  I think right now, the biggest risk is the availability of money. Okay, so we got a lot of money available today, right? So in July, when we, the country hits its debt limit, what's going to happen? Are we going to all collapse? Is this whole thing going to just the glass is going to break? And we're going to all be wondering, Can Can, can I really get the money out of my credit card? I want to eat this week. I'm having fun. How do I continue this? So my biggest concern right now is that somebody's gonna push us over the edge, which I think will damage the entire world's economy, and our country will never be covered. And I don't want that for my kids or my grandkids.   

Today my guest is Neal Bawa.  Neal is the founder of Grow Capitus, an online multifamily investor education platform. He's also an experienced syndicator developer, and his attention to the data has earned him the moniker the Mad Scientist of Multifamily. And in just a minute, we're going to speak with Neal about the Feds Gambit with rising interest rates and their impact on commercial real estate.

J Darrin Gross I’d like ask you Neal Bawa, what is the Biggest Risk?   Neal Bawa   The biggest Risk is to keep doing what you were doing before. Right now we are at a point where we need to pivot. So you know, you name three things. And so I'll go through those three and tie them back to the biggest risk. This change right now may not be a good time to buy multifamily. In fact, I don't want to buy multifamily until about July this year, when something known as the spread, which is a portion above Sofer is likely to to drop it might even just collapse. So I basically want to wait until that time in terms of transferring risk. Yeah, I want to go out and have my distressed fund by not buy properties, but invest money into properties. Because when I invest money into properties that are that are distressed right now have negative cashflow. I'm doing what Darren mentioned, I'm transferring my the risk from my investors to the existing investors of that property. So if they change their mind would allow me to come

Today, my guest is Anna Kelley. Ana is a former top ranked financial relationship manager for Bank of America's private bank. She also worked for AIG for 20 years in the corporate and affluent Markets Group focused on creating products for ultra high net worth individuals, banks and institutions. Anna has been investing in real estate since 1998, and has held active ownership of a rental portfolio valued at $300 million across Texas, Pennsylvania, Florida, Tennessee and Maryland. As a sponsor, Anna seeks strong multifamily investment opportunities to help her partners and investors meet their financial goals and grow wealth on a tax preferred basis. She brings her decades of experience with both traditional investments and real estate to help others overcome fears, increase knowledge, mitigate risk, and make wise investments in real estate. Anna is passionate about creating a meaningful impact in the lives of her residence and communities. And is also a sought after speaker real estate coach and a four times

J Darrin Gross  I'd like to ask you Anna Kelley, what is the Biggest Risk?   Anna Kelley   I think the biggest Risk right now is not knowing how high inflation might get for how long and how that might impact both the interest rates over the next decade and cap rates over the next decade. And so with that risk comes a few things that we really have to look at. One, as we talked about is what kind of debt are you putting on your properties? So the question is, when you when you're trying to create value for a commercial asset, you're really focused on noi, and you're focused on on the cap rate. And so these things that that we can't control are these factors that impact interest rate and cap rate? And so we have to look at what can we control? What risks can we control? Since we can't transfer that risk? It's going to be what it is, what can we do to mitigate some of that risk, one of the things is investing in really strong, resilient markets, right? If you're investing in a class C property and a Class C tow

Today, my guest is Greg Brooks. Greg is a partner in Rocket Station and oversees everything, business development, and marketing. Greg is the National Director of Business Development at rocket station, an outsourcing company that helps real estate businesses hire experienced virtual assistants. And in just a minute, we're going to speak with Greg about improving your process with virtual assistants.

J Darrin Gross I'd like to ask you, Greg Brooks, what is the Biggest Risk?   Greg Brooks   For me, I think it's the pace of how quickly technology is changing how quickly global workforces is changing. And I think it's a risk, especially in the real estate space, for those that are still trying to operate the same way they were in 1995, or two, even 2005, or even 2015. What we've seen a lot both on the technology side, obviously, US servicing on the staffing side, providing a virtual option. I mean, just like everything, the decisions that you have to make as a business operator are just accelerating, you have to make them faster, there's a new software and new technology, a new tool, a new resource out there every second every trade show every corner. So having an effective way to vet those to find the ones that are going to work for your business and are going to fit, but then also getting people on boarded into them and changing existing policies and procedures and processes and weigh the ways that you ope

Today, my guest is Edward Ring.  Edward founded New Standard Equities in 2010 and serves as its chief executive officer Edward has transacted over $2 billion of real estate over an illustrious 25 year career. And in just a minute, we're going to speak with Edward about the relation between interest rates and cap rates.

J Darrin Gross I'd like to ask you, Edward Ring, what is the Biggest Risk?    Edward Ring  I think the biggest risk I'm facing right now is not having the patience to to get comfortable with the knowledge base that I have, and what I see on the horizon. So I'm, I'm a person that tends to slow down when other people are rushing. They want me to make a decision quickly. So I peel back and take a moment, take a pause. I do my best work when I'm thoughtful. And I assess. And I think that that's the risk that most humans not just in real estate, but most humans face is that they are making decisions without actually understanding the fundamentals surrounding the problems that they are faced with. And I think that folks out there would, would do well to get educated, and to really make sure that they're arming themselves with intelligence and intelligent reporting. So they understand the markets that are in they understand the risk, reward calculus, and they understand what, what they're facing. And if they underst