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BIGGEST RISK with Dave Morgia

Commercial Real Estate Pro Network

Release Date: 05/12/2020

Self Directed IRA Invests In Commercial Real Estate with Glen Mather - CREPN #268 show art Self Directed IRA Invests In Commercial Real Estate with Glen Mather - CREPN #268

Commercial Real Estate Pro Network

Today my guest is Glen Mather. Glen is the founder of NuView IRA and has been its leader since 2003. In 2018, he also created NuView Trust, expanding the growing business of self directed IRAs into new services to further reduce and eliminate taxes. In just a minute, we're going to speak with Glenn about how you can use a self directed IRA and a little bit about the difference between a custodian and a fiduciary.

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BIGGEST RISK with Glen Mather show art BIGGEST RISK with Glen Mather

Commercial Real Estate Pro Network

I think when you go well, with any kind of investment, you kind of have two choices. You can invest based on the recommendation of others, or you can invest based on your own knowledge. And certainly, maybe alongside recommendations for others where you can actually do your own due diligence on the process. That's what self direction is all about.

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Automate Capital Raising for Commercial Real Estate with Jake Marmulstein - CREPN #267  show art Automate Capital Raising for Commercial Real Estate with Jake Marmulstein - CREPN #267

Commercial Real Estate Pro Network

Today my guest is Jake Marmulstein. Before grant before founding his company Groundbreaker, Jake held a number of roles involving real estate and technology, supporting the growth of early stage digital technology ventures, while working with the government on foreign direct investment by Fortune 500 companies.

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BIGGEST RISK with Jake Marmulstein show art BIGGEST RISK with Jake Marmulstein

Commercial Real Estate Pro Network

So Darrin, the BIGGEST RISK for Groundbreaker in as I as I look at our business, and what we're doing is really managing expectations with people. Software is a living, breathing thing. And it is very challenging for people to evaluate. who aren't typically Software buyers and a lot of people in real estate aren't. So our job is to be good stewards of the, you know, good stewards to other people.

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Attract & Connect With Commercial Real Estate Investors on Linkedin with Yakov Smart - CREPN #266 show art Attract & Connect With Commercial Real Estate Investors on Linkedin with Yakov Smart - CREPN #266

Commercial Real Estate Pro Network

Today my guest is Yakov Smart. Yakov is considered to be the leading expert when it comes to attracting A  list investors and raising capital using LinkedIn.  He is the author of Disrupting LinkedIn and a sought after authority by top business owners and sales leaders worldwide. Yakov has shared the stage with Samantha DeBianchi of Bravo's hit TV show Million Dollar Listing.

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BIGGEST RISK with Yakov Smart show art BIGGEST RISK with Yakov Smart

Commercial Real Estate Pro Network

It's a great question. It's not something that I you know, honestly think about on a daily basis. I guess I'm you're a little more. You know, you see, you see A lot more different scenarios as being an insurance than I probably do when it comes to risk. But I'm gonna I'm gonna give a bit of what might be a bit of a surprising answer here. I think the BIGGEST RISK is a combination of plagiarism and misinformation because in the space, let's call it mentorship or online programs or coaching, consulting.

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Commercial Real Estate Investing With a Self Directed IRA with Jason DeBono - CREPN #265 show art Commercial Real Estate Investing With a Self Directed IRA with Jason DeBono - CREPN #265

Commercial Real Estate Pro Network

Today, my guest is Jason De Bono. Jason is the NuView Trust Company, Vice President and in a little bit he's going to share with us the benefits of using a self directed IRA.

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BIGGEST RISK with Jason DeBono show art BIGGEST RISK with Jason DeBono

Commercial Real Estate Pro Network

I think the BIGGEST RISK for a self directed account is that you take responsibility for all the investments, and it's a risk of personal accountability, right? If you keep your IRA in the stock market, one really nice benefit is that when it goes up and goes down, you know, you can kind of finger point your way around around it. Risking in a self directed account means you're taking on all the risk.

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Cash Flowing Short Term Rentals with Jon Bell _ CREPN #264 show art Cash Flowing Short Term Rentals with Jon Bell _ CREPN #264

Commercial Real Estate Pro Network

Today, my guest is Jon Bell. Jon is an IT professional turned real estate investor. He's a he specializes in vacation rentals, and today we're going to speak with him about Airbnb. He's also got a podcast he hosts the podcast Vacation Rental Machine Podcast. And he's also the co founder of the Vacation Rental Machine Formula an online training.

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BIGGEST RISK with Jon Bell show art BIGGEST RISK with Jon Bell

Commercial Real Estate Pro Network

I'll answer it and maybe the most common risk that people assume when they think of short term rentals or specifically Airbnb s and that is major parties. People messing up your your place. With my experience, it's not the major risk, it is something you can hedge off. And this is how you do it. 

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Dave Morgia, what is the BIGGEST RISK?

 

Dave Morgia 

Yeah, so thanks for the prep before the show because I gave it some thought. I'm going to interpret this one as the biggest risks to myself. And my pride. And basically that I have now over the last year exposed myself into this field and made it public through these channels, whether it's a meetup or a podcast or, you know, Instagram, whatever social media. So the, the fear that goes along with failure is the biggest risk to me because I pretty much don't want to be able to say that I didn't do it. I don't want to have my tail between my legs and say that I failed. And I think there's you know, some healthiness to having some fear. But then also, to kind of mitigate that risk, like you talked about is the thing that I've done is just go in further and double down because I mean, what else is there to do but just to try even harder to make sure that I do what I say I want to do. 

 

So for me it was Yeah, just just keep going. I don't know your experience with podcasting, but I didn't have any and I just kind of figured it out. I didn't know anything about syndication. You know a little while back. It's been more than a year obviously for that, but um, but I didn't know any thing, you know, at some point in my life and just learning and absorbing and doing as much as I can today and this week and this month to get to the point where I won't have that fear ever and I might have, you know, some type of fear. But to know that I made it that was the biggest risk for me and is the biggest risk for me is to make sure that I now get that first deal done and, and get success in this industry. So I guess that's how I took it.