Commercial Real Estate Pro Network

Today, my guest is Carl Moose. Carl is a seasoned executive with nearly 30 years of experience spanning business development, mergers and acquisitions, real estate and energy solutions.  And in just a minute, we're going to speak with Carl Moose about how renewable energy can turn your property into a high performing asset.   Ph: 630-785-0031 Web: greenlightenergy.solar E: carl@greenlightenergy.solar

J Darrin Gross  If you're willing, I'd like to ask you, Carl Moose, what is the BIGGEST RISK?   Carl Moose Yeah, so as a property owner. And when I'm dealing with property owners, anytime you make a change to the building, or you install something on the building, like solar, you know, there's, there's some risk there. I mean, you know, obviously their first concern is, you know, are you going to put poke holes in my roof, and is my roof going to leak? So that's one of, one of the considerations. The other is, you know, weather, you know, they ask, well, you know, are these going to blow off if we get a, you know, big weather storm, or is hail going to damage these? And you know, the answer is, possibly, you know, if the storm is big enough, and if the hail is big enough, you have that, you have that risk. And then, of course, you know, they they ask about, are they going to work, right? And so there's enough data out there with regard to whether the solar panels are going to work, and we know the sun's going

Today, my guest is Matt Spagnolo. Matt is a former residential and commercial agent turned capital raiser now in capital markets with Colony Hills Capital as fund co manager, and in just a minute, we're going to speak with Matt Spanolo about capital markets and alternative investments.   https://www.colonyhillscapital.com/ https://www.linkedin.com/in/matt-spagnolo/  

 J Darrin Gross: I'd like to ask you, Matt Spagnalo, what is the BIGGEST RISK? Matt Spagnolo: Yeah, I would say the biggest risk in multi family has to be interest rates, right? Interest rates are something in I like to say the biggest risks, at least with what we do at colony, is something that we can't control, right? We believe in our team and the systems and processes that we've put in place, what we can control, we can live with with that, right? But what's tough is the items that we can't control, like you said, insurance and interest rates. So we've made a shift to help on the insurance side of things. Right? If the properties we had invested in Texas and in Florida in the southeast that maybe are seeing a higher jump in insurance, we are going to these properties in the northeast, like I mentioned, we're making that shift geographically. The insurance number itself might be high in the northeast, but the only thing that we care about as an operator is what is the year over year change? As long as that

Today, my guest is Katie Kim. Katie Kim is a visionary real estate developer and educator specializing in transforming overlooked urban spaces into thriving community enhancing developments, and in just a minute, we're going to speak with Katie about how to scale your real estate portfolio. https://www.katiekim.com/ https://www.linkedin.com/company/thekatiekim/ https://www.instagram.com/thekatiekim/ https://www.youtube.com/@TheKatieKim  

  J Darrin Gross: I'd like to ask you. Katie Kim, what is the biggest risk? Katie Kim: The biggest risk is it all not working out right and not going to plan, pretty much. So we when we step into a development, I want to answer in two parts.    I want to answer an insurance side of risk, because I think insurance is a great way to do risk, and it's definitely part of our risk mitigation plan. But when we and when we step into putting together the development structure, it's more than what are you offering your investors, right? It's who's on the team in the development and what are they seeing as a risk and putting all those feedbacks and comments into that risk mitigation plan for the development itself, and communicating that to our investors and our bank and all of our team, and then also contingency, contingency, contingency on the financial side, for sure, but how do you make sure you have plan? A, B, C, D, you know, really, EF all the way to Z for each item in the plan, in the process.    So, you know,

Today, my guest is Jamison Manwaring.  Jamison is a multi family real estate expert and CEO of Neighborhood Ventures, a leading real estate investment company utilizing crowd funding to enable investors to invest in multi family properties.    https://neighborhood.ventures/ https://www.linkedin.com/in/jamison-manwaring-a8188625/  

J Darrin Gross:  I'd like to ask you, Jamison Manwaring what is the BIGGEST RISK?   Jamison Manwaring: The biggest risk that I see today is continued oversupply of housing. And we always go back to econ 101, that it's supply and demand. And we have a lot of demand in our markets that we cover for housing. There are not enough people who can afford to buy a home, so more and more people are renting. But we've built a lot of apartments also. So if the supply of new apartments is stronger than the demand, then price either stays the same or can potentially move down. And so as I'm looking out the next few years, it really is when this new supply starts to go away and we get to more of an equilibrium with our supply and demand. The past few years, the biggest risk has been what would happen with interest rates, and where do we where do we land? And I think now we've kind of gone through that. Right now, what I'm looking at is future supply, what will happen in 2025 and as a appears right now, 2026 2728 the demand

Today, my guest is Justin Goodin. Justin is the founder of Goodin Development, a multi family development firm based in Indiana that enables busy professionals to invest in real estate without the demands of being a landlord, and in just a minute, we're going to speak with Justin Goodin about multi family development.

J Darrin Gross: I'd like to ask you, Justin Goodin, what is the BIGGEST RISK?.   Justin Goodin: So I mean, my job as a developer is to obviously build a project on on time, on budget, you know, multiply my investors equity. The biggest risk for for my position is the uncertainty in the market in that, you know, three year time frame down the road when we go to, you know, one, lease up the property, sell the property. But you know, we have no idea where interest rates are going to be, where Cap rates are going to be, how the market is going to be in in three, four or five years down the road. So that, I think, is the biggest risk to me as a developer. I could build an amazing project on time, on budget, but when I get to the finish line, I go sell the property. Who knows where the market is going to be, who knows where interest rates are going to be? But I did everything right on my part for the past three years. It just so happens now that cap rates expanded values are down. Maybe that affects my refinance pr

Today, my guest is Jon Howard. Jon is currently pushing the boundaries of architecture, as the associate principal science sector leader at HED of America's oldest and largest architecture engineering design firms, and in just a minute, we're going to talk with Jon Howard about the future of scientific workplaces. https://www.hed.design/ https://www.linkedin.com/in/jon-howard-aia-cdt-6056604/  

J Darrin Gross I'd like to ask you, Jon Howard, what is the BIGGEST RISK?   Jon Howard I think the BIGGEST RISK, from my perspective, and I'll take, I guess, my client's perspective on this, is making sure that if you're a science based tenant or or even a owner, like a you own a building and you want to attract science based tenants, making sure that the whatever facility they're going into can meet the needs of those types of tenants. I think we've seen, luckily, not too often in my own personal experience, but we have seen in the industry, you know, a building being built for maybe a single tenant, even if it was a lab tenant, being built for a tenant or a tenant type that doesn't have the kind of the metrics that a science based tenant will be looking for. So, you know, making sure that the Structural base spacing is adequate, or is on 11 foot module, that's kind of the rule of thumb, so that you can have all your bench benches laid out efficiently and have enough space to walk around and not run into a c

Today, my guest is Christopher Schlierman. Chris is based in Arizona with a background in tech and real estate, and today is the president of Corona capital. And in just a minute, we're going to speak with Chris Schlierman about how to align your heart and mind.   https://thec2way.com/ https://www.linkedin.com/in/chris-schlierman-b03bb391/  

J Darrin Gross If you're willing, I'd like to ask you. Christopher Schlierman, what is the BIGGEST RISK?   Christopher Schlierman Uh, two things on a personal front, the person you marry is the BIGGEST RISK. On the professional front, it's choosing the place you're going to work. And getting that would go with investment too, of like, who you're going to invest with, the person, not the company, putting an emphasis on the people that you're going to align with, if you're going to partner with somebody, if you're going to go take a job from somebody, you're going to invest in somebody. There's a person behind it, right? Like, there's always, it's always a person you're investing in a company, well, there's a CEO, there's a founding team, there's a real estate project that you're going to invest in. Well, there's somebody who's running point on managing that project. If it's a taking a job somewhere, it's taking a job working for somebody, whatever, there's always a person that's behind every deal. The BIGGEST

Today, my guest is Jamie Seale. Jamie is the is a content writer at Clever Real Estate, the leading real estate education platform for home buyers, sellers and investors, and in just a minute, we're going to speak with Jamie Steele about Rent versus Buy cities.   https://www.linkedin.com/in/jaime-dunaway-seale-660028158/

J. Darrin Gross If you're willing, I'd like to ask you, Jamie Seale, what is the BIGGEST RISK?   Jaime Seale That's a tough question. I will tie it back to real estate, because I feel like that's, you know what we're talking about here with this study, what I do, and I think buying a home is a huge financial decision. It's a lot of a lot of money, a very long term commitment. So I think the biggest risk is probably just getting yourself into a situation where you have more house than you can afford. Maybe it's, you know, buying a a. And a half million dollar home in San Francisco when there are much more affordable options and in Cleveland. But I think it's very important to stick to your stick to your budget, crunch those numbers ahead of time and know what you can afford, know what interest rate you can, you can afford, and what sort of mortgage you're going to be able to afford, long term, taking into account the unexpected and hidden costs of homeownership. You know, you don't want to find yourself, you k

Today, my guest is Kevin Bupp. Kevin Bupp is a seasoned commercial real estate investor, top podcast host and author of the Cashflow Investor with over 1 billion in real estate transactions under his belt, and in just a minute, we're going to speak with Kevin Bupp about the real estate market, specifically the mobile home park investment strategies he uses. https://sunrisecapitalinvestors.com/ https://www.linkedin.com/in/kevinbupp/  

J. Darrin Gross If you're willing, I'd like to ask you, Kevin Bupp, what is the BIGGEST RISK?   Kevin Bupp It's a great question. Darrin, and I would say that I'll take it. I'll answer from a from an investor's perspective, and and I'll use a reflection back on 2020, 2021, 2022 when rates were incredibly low, there was lots of transactional activity, lots of transactions probably being overpaid for lots of risky debt that was put into place that ultimately didn't seem risky, but it had a timing risk associated with it. And if I don't execute this business plan, or if rates go up, or things that are outside of my control, if they occur, then my business plan, you know, gets flushed down the toilet, basically doesn't work. And so I i. So I think being a disciplined investor, I think that's it, that just just, you know, sticking to the fundamentals have never changed, right? I mean, the fundamentals have not changed. They didn't. They don't change when the rates go down. They don't change when the rates go up. W

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