1 min

BIGGEST RISK with Lance Pederson Commercial Real Estate Pro Network

    • Investing

J. Darrin Gross
I'd like to ask you Lance Pederson what is the BIGGEST RISK?
 
Lance Pederson  
Yeah, I mean, this is a bias answer but I wouldn't be doing what I do if I didn't believe it. I believe that the lack of oversight and I mean is as it pertains to a limited partner investing into a deal that's controlled by somebody else is just if no one's watching what's going on that's the biggest risk that you're more than likely not being compensated for you know, in whatever return you've been quoted so to me to your to your three step thing I don't know how to transfer it because there's no you know, no one's writing I mean, I've seen a few where you can insurance on stuff like this but that's ridiculous but you can minimize it right? And I think that's what veribest does, is we just we just minimize it. Is it foolproof? No, it's not but it's a big deterrent, right and you take that off the you take that off the table so once again much like concerns the cost of the monitoring and even the light touch in the way we do it to keep that cost down it's certainly minimises what I believe is your biggest risk is just some go sideways they stick their head in their sand and they start moving money out of the deal and you don't become whole because of it. How many times have you heard that?

J. Darrin Gross
I'd like to ask you Lance Pederson what is the BIGGEST RISK?
 
Lance Pederson  
Yeah, I mean, this is a bias answer but I wouldn't be doing what I do if I didn't believe it. I believe that the lack of oversight and I mean is as it pertains to a limited partner investing into a deal that's controlled by somebody else is just if no one's watching what's going on that's the biggest risk that you're more than likely not being compensated for you know, in whatever return you've been quoted so to me to your to your three step thing I don't know how to transfer it because there's no you know, no one's writing I mean, I've seen a few where you can insurance on stuff like this but that's ridiculous but you can minimize it right? And I think that's what veribest does, is we just we just minimize it. Is it foolproof? No, it's not but it's a big deterrent, right and you take that off the you take that off the table so once again much like concerns the cost of the monitoring and even the light touch in the way we do it to keep that cost down it's certainly minimises what I believe is your biggest risk is just some go sideways they stick their head in their sand and they start moving money out of the deal and you don't become whole because of it. How many times have you heard that?

1 min