BIGGEST RISK with Brett Swarts
Commercial Real Estate Pro Network
So it has to do with asset protection, right? So the more you own and the more you own in your own name and or that's not an LLC or that doesn't have proper insurance, the more you could be liable and have higher risk of somebody suing you and taking that asset okay. So by essence, owner's ownership, and Rockefeller said it well he said own nothing control Everything right?
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Real Estate Investor Evergreen Marketing with Trevor Mauch - CRE PN #311
Commercial Real Estate Pro Network
Today, my guest is Trevor Mauch. Trevor is the host of the Carrot Cast Podcast and the CEO of Carrot, one of the nation's fastest growing companies, according to Inc Magazine, where they have helped the nation's top real estate investors and agents plant over 3 million online leads in just five years, closing 1000s of deals with their software and training. Trevor lives in Roseburg, Oregon with his wife and three kids, and is passionate about using business to fuel your passion and amplify your impact
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BIGGEST RISK with Trevor Mauch
Commercial Real Estate Pro Network
So four years ago, we started when we do our annual planning, one of the first things that we do, like we'll set numbers and goals and stuff like that. But then right after that, we do an exercise where it's like, it's kind of kind of a SWOT, I guess you could call it but it's like what could kill us? What What can kill this business? Because oftentimes, we ignore those things that truly could take us out and they take us by surprise.
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Commercial Real Estate Entitlement Deals with Adam Gilbert - CRE PN #310
Commercial Real Estate Pro Network
Today, my guest is Adam Gilbert. Adam is the president of the firm commercial, where he leads a team of agents specializing in commercial real estate sales, leasing, land acquisition, development, government relations and value add entitlement deals. And in just a minute, we're gonna speak with Adam about value add entitlement deals.
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BIGGEST RISK with Adam Gilbert
Commercial Real Estate Pro Network
This is probably on the riskier side of the type of investment deals that I do. So I mean, I have a shopping center that I'm doing a value add facade enhancement on, you know, that's a tangible asset, these entitlement deals, I would say they're on the risk there, they are probably the biggest risk in terms of deals that I do.
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House Flipping Investor Deals with Viktor Jiracek - CRE PN #309
Commercial Real Estate Pro Network
Today my guest is Victor Jiracek. Victor is a real estate fix and flipper based in Gainesville, Florida. He completed 40 excuse me 20 flips last year and is on pace to do an additional 30 flips for this year 2021. Ironically, his best flip was a $64,000 net profit deal that almost that he almost backed out up. And in just a minute, we're going to speak with Victor about what makes a successful flip, and how to get started to do your own flips.
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BIGGEST RISK with Viktor Jiracek
Commercial Real Estate Pro Network
I'd say it's all about the numbers. So I always teach and preach. It's like profit margin, like margin of error, like how much you know, profit, do you have potential in the deal, because if anything goes wrong, like a takes longer than you want, or doesn't sell for as much as you want, you have to go over repairs, like that's all going to eat into your profit margin. So the more profit buffer or profit margin you have, the better. So again, it's all about the numbers.
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Self Storage Investment Opportunities with Joe Evangelisti - CRE PN #308
Commercial Real Estate Pro Network
Today, my guest is Joe evangel. St. Joe is the executive coach with over 5000 hours of experience under his belt, as well as the CEO and partner of one of the top Self Storage development companies in the country. And in just a minute, we're going to speak with Joe about the opportunities in self storage and what you can do to level up your investment game.
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BIGGEST RISK with Joe Evangelisti
Commercial Real Estate Pro Network
Absolutely. And I have insurance background as well. So I mean, I'm not going to answer from an insurance perspective, but I understand where you're coming from. And, and look, I think insurance is one way, you know, we could talk about risk, but really, when we're talking about risk in life, and we're talking about risk and success and growth and contribution and creating something that, you know, when we talk about legacy, wealth, or legacy building, I think about legacy as when I create that thing,
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Solar Power Incentives for Commercial Real Estate with Manny Renteria - CRE PN #307
Commercial Real Estate Pro Network
Today, my guest is Manny Renteria. Manny is a 15 year veteran of the solar industry, and has been designing commercial solar systems for over eight years. He is a founder of one up solar, an industry leader and residential, nonprofit and commercial solar installs in San Diego. And they are expanding their reach to the entire country. And in just a minute, we're going to speak with Manny about the opportunities in solar for real estate investors, and specifically more commercial aspects.
info_outlineI think the BIGGEST RISK is lack of knowledge. And we luckily live in a world where we can mitigate that, but that does take time and effort and work to do so. So and you don't know what you don't know.
So when I was building my when I developed my first shopping center, which was about five years ago, I bought I bought a strip club and knocked it down and built a strip center. The muncipality loved me. But I had never built anything before. And I was very nervous. And I and I had one partner in that deal. And I kept telling him, you know, I don't know what I'm doing. He said, don't worry, you'll figure it out.
But I hired people that didn't know what they were doing to consult with me and teach me. And I read a lot of books. I listen to podcasts. So the biggest risk is the lack of education. But particularly you don't know what you don't know. And being wise and astute and I'm just a big believer in continually learning. I probably listened to three or four podcasts a day and I'm constantly reading.
So that's how I mitigate that potential lack of knowledge. And that helps. But there's things, you know, our retail industry is going to be just lambasted by self-driving cars. So I'm fascinated and I'm reading all about that because if I I'm fifty nine. So if in the next ten years the self-driving car thing happens, our industry is going to shift again. So I'm trying to stay on top of it, but I don't know what I don't know. And so that's how I mitigate it. So that's the biggest risk, not knowing what you don't know.