loader from loading.io

BIGGEST RISK with Beth Azor

Commercial Real Estate Pro Network

Release Date: 01/14/2020

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

I 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.