Commercial Real Estate Pro Network

Commercial Real Estate Pro Network

Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss today's opportunities, problems & solutions in Commercial Real Estate.

  1. Sep 24

    BIGGEST RISK with David Dean

    J Darrin Gross I'd like to ask you, David Dean, what is the BIGGEST RISK?   David Dean Biggest risk, in my opinion, is an organization that ultimately doesn't understand itself with it, and and and and that's kind of the biggest theme thing around my book is to help create awareness around risk. So, as a leader, you only have you have accumulated information on how you're behaving in an organization. Things are presented, you know, put together in ways, and you're presented information in a certain manner with that. You don't understand everything that's going on, and and rightfully, that's very difficult to do, you know, almost nearly impossible with this. But you also have to recognize there's a lot of things you don't understand on how your business works and how it's occurring, and so that that undocumented behavior that you do as an organization tells a lot of reveals a lot of things that are gaps, issues, problems, and that introduces a lot of risk around it. So when you're a lot of times when leaders make decisions around things, they only have a portion of the picture with it, and so you are accepting risk by only having a portion of that picture with it, and and so that's the other thing is like, if you recognize that and you move forward with that, you know what are the consequences, you know, down the line relating to some of those decisions on it, and and it's kind of like that example. I'll use AI's really great example. Here are companies that have laid off people with AI replacement, and then six months go by, and they're like, "Oh no, everything's falling apart. You know, with it, we can't do the things that we do. We need to hire all these people back. That's a really good, solid example of not understanding what everyone does and why we hire people to begin with on it, and you kind of accepted that risk. So the better you can understand your organization and use AI to help you do that, the better you are going to be in the long run to avoid any kind of downstream risks in your organization. https://www.davidchristopherdean.com/

  2. Sep 8

    BIGGEST RISK with Ali Nasir

    J Darrin Gross I'd like to ask you, Ali Nasir, what is the BIGGEST RISK?   Ali Nasir Thank you for asking, Darrin. I think the biggest risk in investing in in manufactured housing humanities is, and I'm going to use, I'm going to coin a a term here, a phrase that it will will that will imply that it's insurance related, and but it isn't. And let me explain. So I I'm going to I I want to reduce this to one word, and I'll call it overwriting, and not overriding in the typical definition and insurance definition, and but rather in a in a in a in a in a context where this word isn't I don't think it's grammatically or or proper. It's not a proper use of the word. I'm just I'm just using it anyway. So by overwriting I mean the opposite of underwriting, and so if you're and by overwriting I mean essentially you know are you are you are you paying too much have you not have you have you not because then if if you've overwritten that means you haven't you haven't you're you're paying. You may not be paying the right price. You may not be raising enough capital. So you're underfunded, you know. And all of these things are are as a result of overwriting, right? Because now you you you haven't really you've overpaid. You're underfunded, and then you're under the gun in terms of being able to get this stabilized, and then and you pay for that for for for you know for years, if not even much longer than you anticipate on the deal. And I and I bring that up because I think it's important to to have the community, you know, have folks understand that it's all. About buying right, as I've heard you say many times in in your other podcasts. So that would be the biggest risk: is is is you know not performing the due diligence correctly, which essentially leads to this. I had if I had to give you one word, like I said, overwriting. https://rise360ventures.com/

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Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss today's opportunities, problems & solutions in Commercial Real Estate.

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