loader from loading.io

BIGGEST RISK with Chris Ressa

Commercial Real Estate Pro Network

Release Date: 02/25/2020

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.

info_outline
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.

info_outline
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?

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

Commercial Real Estate Pro Network

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.

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

Commercial Real Estate Pro Network

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.  

info_outline
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.

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

Commercial Real Estate Pro Network

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

info_outline
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

Commercial Real Estate Pro Network

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.

info_outline
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.

info_outline
Land Flipping to Financial Freedom with Scott Bossman - CREPN #238 show art Land Flipping to Financial Freedom with Scott Bossman - CREPN #238

Commercial Real Estate Pro Network

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.

info_outline
 
More Episodes

Darrin: Chris, Ressa, what is the BIGGEST RISK? 

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

And you know, when you have an industry. That's been hammered by Headline News, both the retail and the real estate. When someone really bright and smart graduates college, is that the industry they want to get into? And to solve the problems and the challenges that we were just talking about, you need really sharp, talented people. From an industry perspective, you know, I always want those at DLC, but from an industry perspective, retailers, real estate, everybody needs really smart, sharp, talented people. 

 Getting retail, you know, getting the bright, sharp people into retail store management training programs, you know, I don't know, one last time talked to a millennial, but the last time they said, when I graduate college, you know, I want to work at you know, I want to be the store manager of Wal-Mart that, you know, I don't hear a lot of people doing that. And I think it's a great job. And there's a great career path. 

But the biggest risk is human capital, both on the retail side and the real estate side. You know, in the Great Recession and the real estate side is not limited to my world, but in the Great Recession, you know, in all commercial real estate, very few people were hiring in 2008 to 2012. So you have this labor shortage. And I think the greatest risk is if call it commercial real estate and retail. If all the all the most talented people in the world move over to the tech world and no one comes into real estate, I think that's the greatest risk the industry has.