Qualified Intermediary Monetized Installment Sale with Ben Mandel - CREPN #251
Commercial Real Estate Pro Network
Release Date: 06/04/2020
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you. Joey Mure, What is the BIGGEST RISK? Joey Mure I think the number one risk facing America right now, which me included, is the onset of AI. And I don't think people are paying attention to how quickly it is making things that were solid, confident, type ways of making money obsolete. And let me just I'll share this with you. I'm a part of a mastermind. And there was a gentleman who spoke in March, and it kind of it woke me up to this. I already knew that this was a risk, but he said something very profound. He said he's in a room of about 80 people...
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J Darrin Gross I'd like to ask you, Pamela Eyring, what is the BIGGEST RISK?, Pamela Eyring I think the biggest risk that you can control, but is the assumption that your people that you've hired or even has worked for your company for. Long period of time knows what they don't know. And I think that assumption is a risk, because a lot of times they say, Well, you should already know this. This is common sense, but it's not, not today. You can't control the tariffs. You can't control the political scene right now, or war. We have no control over that, but we have control over our people...
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Today, my guest is NIV Davidovich. Nib is the managing partner of Davidovich stone Law Group, a landlord centered law firm in California, providing a full slate of legal services to the landlord, property manager and developer communities. And in just a minute, we're going to speak with NIV Davidovich about landlord tenant law and related topics there. E: Ph: 818-661-2420
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J Darrin Gross I'd like to ask you. Niv Davidovich, what is the BIGGEST RISK? Niv Davidovich Risk in being a real estate owner? J Darrin Gross However you wanted to. It's up to you to find what you consider to be the biggest risk. Niv Davidovich I guess I'm I'm somewhat tainted, because the things that I deal with are either the expensive evictions or the expensive or difficult habitability claims. So to me, I'm always going to see that as the potential risk. I can't really necessarily speak to market conditions, you know, because I think the people who bought the offices...
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J Darrin Gross I'd like to ask you, Gary Eastman, what is the BIGGEST RISK? Gary Eastman Okay, so this is a great question, and I think there are two risks that kind of embed themselves in everything that we see today, at least from the surety bond perspective. One financing risk, right? Because those are the you know, the amount of capital available is going down if the cost of capital is going up. And the second part is labor. We are, we're short of labor, and so we're going to continue to be short of labor. So those two things are an interplay all the time. And so we see, you know,...
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J Darrin Gross I'd like to ask you, Beau Turner, what is the BIGGEST RISK? Beau Turner Well, I think the Bitcoin network itself is very challenging to find any sort of risk in, and I think that would be surprising to most people to hear. But part of the reason it is such an incredible innovation is how it is designed to be resilient in almost any case. I mean, like, short of a forever nuclear winter and the Internet going down forever everywhere, there's not really a legitimate way to take this network out. So what I would say the risk is for our business, since we're in the mining space, is...
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J Darrin Gross I'd like to ask you. Andy Matthews, what is the BIGGEST RISK? Andy Mathews Well, that's a great question, and I know you framed it as switching gears from our last topic, but I think there's a way in which it, it is related to the use of things like AI. And my answer is, the biggest risk that I can think of is failure to stay on top of the things that that impact you and your industry or your your realm, and that applies equally to to me and my clients. I mean my clients, like I said, you know, if we're still using the the AI example, ignore AI and its and its offerings...
info_outlineMy guest is Ben Mandel. Ben is a partner at Capital Appreciation Strategies. He's also a 35 year finance and real estate professional. And in just a minute, we're going to speak with Ben about an alternative tax deferral process to the 1031 exchange known as the Qualified Intermediary Monetized Installment Sale. But first, a quick reminder, if you like the show, CREPN Radio, please let us know. You can like, share, or subscribe. And as always, if you leave a comment, we would love to hear from you, our listener. Also if you'd like to see how handsome our guests are, be sure to check out our YouTube channel and you can find us on youtube ad commercial real estate pro network. With that I want to welcome my guest today Ben, welcome to CREPN Radio.