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BIGGEST RISK with Scott Krone

Commercial Real Estate Pro Network

Release Date: 02/11/2020

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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Commercial Real Estate Pro Network

What is a 1031 Exchange?

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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 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

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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 is developing.  Learn how Michael Zuber sees the challenges and opportunities facing Real Estate Investors.

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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

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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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This may sound funny to a lot of real estate investors out there, but for me, this is a big deal. I purchased a two and a half acre property for $700, and two weeks later I sold it for $2,800 cash. I just tripled my money on a land deal. And I'm a physical therapist. Like I don't have an ounce of business or, or real estate or you know, anything in my body, sales or marketing, I'm not an economist, nothing. And I took this, I took $700 and I turned it into $2,800.

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Well, you know, 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? You know, We're in one of the longest expansion periods in a long time. And for me, on a national level, I don't see that there's going to be a lot of risk within real estate as a whole. 

Based upon the interest rates, I think if the market does begin to slow, you know, the Fed is going to lower the prime. We wait. We may get down to two or even zero interest rates just to keep the economy going. So from that perspective, I think that real estate is still a solid play. 

But if I'm looking for us. What we have determined internally is that there's too much political instability here where we are in Illinois. And so what you were saying in terms of like, can we can we avoid it? You know. 

Illinois is having a decrease in population of 6 percent over the past 10 years, which is putting a greater burden on the people that are remaining. And we have the pension problems. And, you know, historically, you know, people say, well, you know, they just did a bunch of things to approve legislation which are basically sin taxes. 

But my concern is the money is not actually going to pay off those pensions. It's just going to be used to spend in other areas, which is historically have happened in Illinois for the past 20, 30 years. 

So why is it going to be different? So what we have done is we've stopped buying in Illinois. And for us, that's how we are mitigating or perhaps even transferring because we're looking at states that are more tax progressive and where we're seeing growth. 

And so that is what we're trying to do is and that's why we've expanded throughout the Midwest. That's why we have the properties in Ohio. We're looking in Louisville or we're looking in Kentucky. We're looking in North Carolina. We're looking at Michigan. 

We're looking at places that are trying to encourage economic development. So either through PACE the Opportunity Zones or the tax benefits for it so that we have greater stability and less risk.