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BIGGEST RISK with Ben Mandel

Commercial Real Estate Pro Network

Release Date: 06/02/2020

Multifamily Syndication Depreciation Appreciation Leverage and More with Feras Moussa - CREPN #283 show art Multifamily Syndication Depreciation Appreciation Leverage and More with Feras Moussa - CREPN #283

Commercial Real Estate Pro Network

Today my guest is Feras Moussa. Feras is an entrepreneur at heart with a tech background. Feras worked with Microsoft. And he later left Microsoft to bring tech to industries that lack it, where he later found his passion for real estate. He founded Disrupt Equity. It's a commercial real estate acquisition firm that works to provide investors with strong passive income by leveraging multifamily syndications.  At Disrupt Equity they focus on identifying B and C class multifamily assets with 90 units or more

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BIGGEST RISK with Feras Moussa show art BIGGEST RISK with Feras Moussa

Commercial Real Estate Pro Network

One of them is just kind of really seeing what happens with COVID. And the government stimulus, right? I mean, our we've collected a lot of money, these properties, but that's been because of the stimulus. Right? So really seeing, you know, what happens around that situation around evictions, all of that, right? And, you know, that kind of segues to my second risk, which is cash is king, you know, and all these properties cash is king and, you know, we make sure we have significant reserves, right.

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Property Investor Mindset with Tracy Cousineau - CREPN #282 show art Property Investor Mindset with Tracy Cousineau - CREPN #282

Commercial Real Estate Pro Network

Today, my guest is Tracy Cousineau. Tracy is a powerhouse real estate entrepreneur, and business coach. She is a co founder of the number one real estate team in the Atlanta metro area. Ranked number 12 is the fastest growing company in Georgia by Inc magazine, and a real estate agent coach. And in just a minute, we're going to speak with Tracy about creating wealth through real estate, and how to avoid certain mindset pitfalls.

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BIGGEST RISK with Tracy Cousineau show art BIGGEST RISK with Tracy Cousineau

Commercial Real Estate Pro Network

if you're a buyer, you need to have an inspection, you need to know, if there are any issues with the property, you need to make sure that you hire a home inspector that has all the credentials, that they're that they are checking everything for you and that they're not missing stuff. radon is a huge thing in Georgia, because there's lots of rock. And so you know, if you always have a radon test, and then always check for termites, homes in metro Atlanta, they've either had them or they will have them.

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Make Setbacks Your Rocket Fuel with Mike C-Roc - CRE PN # 281 show art Make Setbacks Your Rocket Fuel with Mike C-Roc - CRE PN # 281

Commercial Real Estate Pro Network

Today my guest is Mike Ciorrocco. Mike is the CEO of People Building Inc. He is a performance coach, author, dynamic public speaker, visionary and thought leader. He has been featured by Yahoo Finance as one of the top business leaders to follow in 2020 and is on a mission to build people. At his core. He's obsessed with success and helping others achieve greatness.

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BIGGEST RISK with Mike C-Roc show art BIGGEST RISK with Mike C-Roc

Commercial Real Estate Pro Network

the biggest risk for me is I've been through business before where I've relied on people, I relied on their production what and even if they didn't buy into the culture that we were trying to establish, I would just put up with it and there were they're producing a little bit. And so the biggest risk for me nowadays is One, you know, I don't ever want to have to do this. But I'm always thinking to myself, if I have to do something myself, I will.

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Data Drives Opportunity Zone Projects in Nashville with Meg Epstein - CREPN # 280 show art Data Drives Opportunity Zone Projects in Nashville with Meg Epstein - CREPN # 280

Commercial Real Estate Pro Network

Today, my guest is Meg Epstein. She's the founder of CA South. Originally born in California, she calls Nashville, Tennessee home now. She's a real estate developer, and has over a decade of experience creating efficient, modern lifestyles for people where it matters most, their homes and their neighborhoods. And just a minute, we're going to speak with Meg about it Opportunity Zones, and commercial real estate in Nashville, Tennessee.

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BIGGEST RISK with Meg Epstein show art BIGGEST RISK with Meg Epstein

Commercial Real Estate Pro Network

I think being only centered on one market, I need to closely monitor supply. And it is always unnerving when I drive downtown, and they see 15 tower cranes in the air, right, because we have been able to absorb that supply. But I think it's a metric we need to watch very closely, especially with the pandemic and how quickly the market changing in ways we haven't seen. So I think supply as is always going to be a fundamental risk for me. And in which case, you know, I need to change strategies.

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Portland Industrial Commercial Real Estate with Industrial Gurus NW - CREPN #279 show art Portland Industrial Commercial Real Estate with Industrial Gurus NW - CREPN #279

Commercial Real Estate Pro Network

Today my guests are Mark Childs, Principal with Capacity Commercial Real Estate, where he specializes in Industrial and High Tech real estate brokerage services. And joining mark our two members of his team, Daniel Sayles, and Daniel Helm.

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BIGGEST RISK with Mark Childs, Daniel Helm & Daniel Sayles show art BIGGEST RISK with Mark Childs, Daniel Helm & Daniel Sayles

Commercial Real Estate Pro Network

I would say the biggest risk would be not making that last call. One more call that potential opportunity, at the end of the day, at last dial the day, the easy dial to just say, Hey, we're not going to do it. potential opportunity to help a client prospective client, someone that you know, has an opportunity, but all you need to do is pick up that phone. So to not make that last dial is huge. And one thing we preach here at Capacity is one more call. 

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Ben Mandel, what is the BIGGEST RISK?

Ben Mandel  

Well, the biggest risk actually has two cards. Initially, the biggest one Risk is, as compared to the 1031 exchange, you, you will end up having to pay the tax at some point in the 1031. Exchange if you hold the property until you pass there's no tax ever pay. So that's that's part A of the biggest risk. Part B of the biggest risk is, if you were to pass prior to the note being or the time period being completed on the transaction, then the heirs would have to choose whether or not they wanted to actually leave this open in the estate of the decedent or if they wanted to pay the tax early.

We never suggest leaving it open in the state of Tennessee. The idea with estates usually is that you want to close them as quickly as possible. So those are the two biggest risks that last or risk we utilize, or we recommend to the sellers advisor. If they consider utilizing a survivorship insurance policy to transfer that risk of pre deceased in the 30 years, and having that benefit available to the heirs so that they could choose to just pay the tax when the individuals passed away. Otherwise, the biggest risk is if the if the individuals do not pass, there has to be some sort of plan that would allow them to pay that tax in 30 years.

Theoretically, if you invest your money and you do well, you'll have plenty of money to pay the tax. But what we suggest to the advisors in the event that they do outlive the 30 year period, that they set aside a certain percentage small percentage of the asset or the dollars that they receive into a conservative interest paying account, treasury bonds, municipal bonds, that would help to defer or or assist in paying that tax when it comes to you in 30 years.