loader from loading.io

BIGGEST RISK with Jodi Nielsen & David Deshotels

Commercial Real Estate Pro Network

Release Date: 10/22/2019

Real State of Retail Real Estate with Chris Ressa - CREPN #237 show art Real State of Retail Real Estate with Chris Ressa - CREPN #237

Commercial Real Estate Pro Network

Retailers are finding that when they open a physical location in a market, that their online sales increase and the reverse holds true when a location closes.  Good retailers are figuring out how to add to their bottom line and make the consumer experience frictionless.  

info_outline
BIGGEST RISK with Chris Ressa show art BIGGEST RISK with Chris Ressa

Commercial Real Estate Pro Network

So I think both from a real estate end and a retail end. The BIGGEST RISK is human capital. 

info_outline
Hidden Investing; What the 1% Know with Holly Williams - CREPN #236 show art Hidden Investing; What the 1% Know with Holly Williams - CREPN #236

Commercial Real Estate Pro Network

Hidden investing? What do the top 1% know that you do not? 

info_outline
BIGGEST RISK with Holly Williams show art BIGGEST RISK with Holly Williams

Commercial Real Estate Pro Network

Oh, I know that's an easy answer, though, because almost I had some real estate, but the majority of my net worth was in the stock market. And I know and you're it's it's all about hope. It really is. I need Trump tweets. It goes up. Tweets again. It goes down. You know, we can have a company can have the best earnings ever and their stock goes down.

info_outline
PACE Financing for Real Estate with Scott Krone - CREPN #235 show art PACE Financing for Real Estate with Scott Krone - CREPN #235

Commercial Real Estate Pro Network

PACE (Property Assessed Clean Energy) Financing is a finance tool every real estate investor needs to know about to help acquire or renovate your property.

info_outline
BIGGEST RISK with Scott Krone show art BIGGEST RISK with Scott Krone

Commercial Real Estate Pro Network

people ask me about this in terms of real estate, what's going to happen with the economy, as you know, with political elections, what is it going to go up or down a recession or continue in this?

info_outline
Multifamily Syndication 2020 Outlook with Vinney Chopra - CREPN # 234 show art Multifamily Syndication 2020 Outlook with Vinney Chopra - CREPN # 234

Commercial Real Estate Pro Network

Multifamily Syndication 2020 Outlook, Vinney Chopra provides his thoughts for the coming year, 2020 and beyond.  

info_outline
BIGGEST RISK with Vinney Chopra show art BIGGEST RISK with Vinney Chopra

Commercial Real Estate Pro Network

Wow, I'm so glad you shared that because I settled three lawsuits. You know, just in the last quarter of 2019. So it's very fresh in my mind. And actually, one lawsuit was going on for about two and a half years. Nothing major, but it was major in the sense that something happened with one of my contractors on one of my property. And I'm so glad that I have had full coverage, you know. And they said you settle the issue for almost like seven hundred some thousand dollars. And I didn't have to pay a penny. 

info_outline
Financial Independence Through Real Estate with Kaylee Mcmahon - CREPN #233 show art Financial Independence Through Real Estate with Kaylee Mcmahon - CREPN #233

Commercial Real Estate Pro Network

info_outline
BIGGEST RISK with Kaylee Mcmahon show art BIGGEST RISK with Kaylee Mcmahon

Commercial Real Estate Pro Network

I think the BIGGEST RISK in what I do, multi-family investing, is making sure that the deal the way that you buy it. Because like honestly, the way you buy it means everything. I mean, if you don't buy it, right. Sorry, sucker. You know, whether whatever whether it's you know, you're not operating it right? 

info_outline
 
More Episodes

Darrin:  Jodi Nielsen and David Deshotels, what do you see is the BIGGEST RISK? [00:00:15][6.9]

Jodi: [00:00:18] I'll start and I'll let David finish if he wants to add. I'd say the biggest risk is you're sitting basically if you own a building you definitely owe it to yourself op to look at. Because you're sitting on cash that you don't have to sell another widget. You don't have to make another widget. You don't have to find another contract. It's your money that you're just basically sitting on by owning a building that you could use now. And so why not at least look at the look at the numbers to see if it makes sense for you at this time instead of letting more time go by just straight lining. And then also with the partial asset disposition I would say it's very important to take advantage of it. Even if your business let's say is not even making money this year but you're doing a bunch of renovations. If you don't take advantage of it this year you're going to lose it. So if you're not I mean you're not going to take advantage of the opportunity of taking personal asset disposition. You will get the money and you won't lose it. So next year if your business is making more money or the year after whatever, it is going to be sitting there waiting for you. So you know, time is always you know time value money. That's kind of what we're about. And so the sooner you look at what makes sense for you as a business owner or building owner the better off you are. David, anything to add? . [00:01:43][85.1]

David: [00:01:43] Sure it's one of the advantages of having a cost segregation study that we don't usually talk about since we're. Since you're an insurance broker, Darrin. Is we've had plenty of companies that have called us back years after having done their study. And they suffered catastrophic loss be it a tornado or fire or whatever it is and they won't say, do you guys still have those 500 pictures of my building that you took when you did the study? It's like sure we've got those and it's so we have they're building just completely documented from top to bottom one in the other. We'll come out and take hundreds and hundreds of pictures depending on the size of the property to completely document that. So if there is catastrophic loss it's it's a documentation to say hey here's what the building was. Here's all the furniture fixtures and so forth. And it's been very helpful to people in times of crisis.