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BIGGEST RISK with Vinney Chopra

Commercial Real Estate Pro Network

Release Date: 02/04/2020

BIGGEST RISK with Dan Moore show art BIGGEST RISK with Dan Moore

Commercial Real Estate Pro Network

I think the BIGGEST RISK for all of us in our personal, professional lives is speed. Time is a very limited resource for us all. Time is how opportunities kind of come and go. If we talked a little bit earlier about being able to know if a property is going to go on the market before it does, being able to operate faster than the competition.

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Retail Trends in Real Estate with Tom Londres - CREPN #241 show art Retail Trends in Real Estate with Tom Londres - CREPN #241

Commercial Real Estate Pro Network

Retail trends in real estate continue to change with the and for the consumer.

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BIGGEST RISK with Tom Londres show art BIGGEST RISK with Tom Londres

Commercial Real Estate Pro Network

I would say if you own retail real estate and you have an exposure, um, high exposure to department stores and apparel retailers, I would say if your portfolio contains a large portion, the percentage of your occupancy, um, is coming from department stores or apparel retailers. I would say you need to rethink when those options come up.

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1031 Exchange for Real Estate Investors with Toija Beutler - CREPN #240 show art 1031 Exchange for Real Estate Investors with Toija Beutler - CREPN #240

Commercial Real Estate Pro Network

What is a 1031 Exchange?

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COVID 19 Impact on Commercial Real Estate with Neal Bawa show art COVID 19 Impact on Commercial Real Estate with Neal Bawa

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The Mad Scientist of Multifamily, Neal Bawa, shares his insight on how the COVID 19 will impact Multifamily, commercial real estate and the economy as a whole.  Listen and learn how dramatic the impact is on the entire economy and how if we act fast, we can shorten the pain.

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COVID 19 Impact on Commercial Real Estate with Vinney Chopra show art COVID 19 Impact on Commercial Real Estate with Vinney Chopra

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COVID 19 is affecting all aspects of life as we know it.  Vinney Chopra shares with us how he sees the situation and what his company is doing to to go forward.  

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BIGGEST RISK with Toija Beutler show art BIGGEST RISK with Toija Beutler

Commercial Real Estate Pro Network

So the saddest, I'll give you the saddest phone call we get in this office. My sale closed yesterday. I want to do a 10 31 exchange. So the BIGGEST RISK is not talking to an exchange company and they get fixated on the 45 day deadline, which as I said is the worst deadline. But the biggest risk and the worst case scenario is they don't talk to a 10 31 exchange.

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COVID 19 Impact on Commercial Real Estate with Michael Zuber show art COVID 19 Impact on Commercial Real Estate with Michael Zuber

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COVID 19 Impact on Commercial Real Estate is developing.  Learn how Michael Zuber sees the challenges and opportunities facing Real Estate Investors.

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How to Manage Your Perfect Portfolio from Anywhere with Minesh Bhindi - CREPN #239 show art How to Manage Your Perfect Portfolio from Anywhere with Minesh Bhindi - CREPN #239

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Perfect Portfolio is focused on real estate, the stock market as a whole, via index funds, uh, and golden and silver. So that's what we're really, that's what we typically focus on. And the idea of a perfect portfolio throughout history and my research shows, if you are sort of between 40% in real estate, 40% in the stock market, 20% in golden silver, you are at a very, very good stable portfolio level.

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BIGGEST RISK with Minesh Bhindi show art BIGGEST RISK with Minesh Bhindi

Commercial Real Estate Pro Network

The biggest risk is an external, uh, situation happening in your life that forces you out of an investment earlier than you wanted to be in it. You know, and that's really the, for most people when they're investing in the stock market, a margin call comes along and that wipes out, you know, 50% of their portfolio. We don't get involved with margin, we don't get involved with leverage. So for us, the biggest, the single biggest risk is a life situation happens.

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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. 

Another thing, you know, Darrin, my fire happened, you know. Right there in Atlanta property and that was a fire. I had a twenty thousand dollar deductible only, and that settled for two point three million dollars just to let you all know. But it was only possible because of people like Darrin, you know, who were able to sit down with me and make sure that we get the proper insurance. 

I got hacked also in 2017 lost $250,000. And guess what? I did not have the Cyber Insurance. And that got me hurt. And, you know, I never looked back. I always look forward and say, what can I do today to make myself better? And that's OK. But now I'm fully taken care of by my I.T., Cyber Security and Insurance and everything. So the key thing is I think insurance plays a very important role. 

I had another lawsuit with the, you know, firing somebody and they said it's racial discrimination firing. So these are very important issues. You've got to make sure you've got great attorneys, first of all, who are with you, dealing with you, looking at your contracts and everything. I'm very happy to say I didn't have to pay much again. You know, it could have been millions of dollars of lawsuit. But by hiring the right people and having the right insurance companies and all that, it helps a lot.