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BIGGEST RISK with Yael Tamar

Commercial Real Estate Pro Network

Release Date: 12/10/2019

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

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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.

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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?

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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. 

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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? 

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Darrin:  Yeal Tamar, what is the BIGGEST RISK? 

Yael:  So there are many risks in real estate. I guess the top ones are market risk, then picking the wrong asset. And and I would say liquidity risk because of the impending crisis or recession that's going to happen. Now, on the asset level and the market level, you can mitigate these risks with information. Right. So you can look and to market reports you have plenty, CBRE, Colliers. You know, that information is out there for you to show where they think market is going. There are credit agencies. There are all kinds of indicators, right. On the asset risk. And I guess it's split in two. 

Number one is your due diligence. You know how much you know about these asset owners, asset managers, developers and so on. So if you did your due diligence. And number two is basically if they're doing the right. If there is a right fit from the asset to the market. Right. So if if residential real estate is a big one in this area or commercial or so, you kind of have to have real estate experience. Right. So understand this. So if you're a savvy investor, this kind of comes natural to you. So there's a combination of market research and the market fit. So this is a market fit. So both of these things you kind of can solve because with more information, more experience. 

Now, the third type of risk, the liquidity risk is much more problematic because ultimately what you have is forces that are beyond your control. You know, like an impending crisis or a race or recession or or maybe there is a war breaking out all of a sudden in that country or a hurricane or a tornado. You know, there are many things that could happen. And insurance companies, obviously are also aware of these of these like force majeure or maybe even, you know, trends. So with this in mind, you know, we're talking to many real estate investors right now and they're saying, well, we're not investing in development projects in certain areas that we see there is gonna be a slowdown. So we're looking for either a quick flip or a yielding project in those areas. And it's understandable because they don't want to be tied in in a property that's going to go down in value. Now, that's liquidity risk.

Now, if we're solving partially, you know, the liquidity problem in which, you know, you can sell your property, you're probably not going to be able to sell it at a full price, obviously, because there's going to be less buyers. But you still have a possibility to recover some costs or to, you know, to get out before a certain time, which you deem more risky. So and that's over. We're in this business. You know, we feel that the other types of risks can be solved. Like I said, with more information and more data, which we provide to the maximum and the liquidity risk we're mitigating through enabling trade of these assets.