loader from loading.io

BIGGEST RISK with Jorge Newbery

Commercial Real Estate Pro Network

Release Date: 12/03/2019

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
How to Leverage Social Media for Commercial Real Estate with Matthew Laborde - CREPN #232 show art How to Leverage Social Media for Commercial Real Estate with Matthew Laborde - CREPN #232

Commercial Real Estate Pro Network

How do you start to use social media?  You start. When Matthew Laborde started in commercial real estate at nineteen years old, Matthew had sworn off social media.  Prior to 2018, he used social media to connect with others, and rally for a cause. He did not use social media for business.  If people don’t know you are in business, how are they going to find you? Your goal in the beginning is to connect with people and find the people who are your fans or potential clients.

info_outline
BIGGEST RISK with Matthew Laborde show art BIGGEST RISK with Matthew Laborde

Commercial Real Estate Pro Network

The BIGGEST RISK, so I'm going to stay on topic for this one and I'll speak to the biggest risk for business owners and agents, right. In general, especially for the, I would say the veteran agent, the more mature agent and older agent.  

info_outline
 
More Episodes

Darrin: Jorge Newberry, what is the BIGGEST RISK? 

Jorge: To not learn from the past. And so that would be for me to look at my own past and the past of others and see what has happened, how they navigated it and, whether it makes sense to, or how that should influence my actions today. And I'll give you a real life example, is that you know the market. I've been through a couple of downturns in the real estate market and towards the end of every up cycle is like today. Today there are the lenders are, freely giving out money. It's very easy to qualify. They have these, you know, kind of almost subprime loans called non QM loans, and things have gotten very easy and that happens every time. At the top of the market that the money is free flowing, the pricing gets expensive, everything gets really competitive. I'm trying to buy loans and other people coming up with money pay more than me, And they could be the winner of the bid. But really, time will tell whether they're the winner, the loser. So today, I think the biggest risk today is ignoring the past and the fact that we are probably in a very overheated real estate market and just overheated economy, which is likely to turn down very turn down in the near future. It's hard to say exactly when it happens, but now would be the time to take some chips off the table and avoid or at least minimize that risk.