100 episodes

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.

Commercial Real Estate Pro Network Commercial Real Estate Pro Network

    • Business
    • 4.8 • 27 Ratings

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.

    Real Estate on Your Terms in 2024 with Zachary Beach - CRE PN #462

    Real Estate on Your Terms in 2024 with Zachary Beach - CRE PN #462

    Today, my guest is Zachary Beach. Zachary is a returning guest and is an Amazon Best selling author of The New Rules Real Estate Investing, and the co host of Smart Real Estate Coach Podcast. He's a partner, the CEO and a coach at Smart Real Estate Coach. And in September 2020, they re re released revised edition of the Real Estate On Your Terms book, which has Zachary co authored. And in just a minute, we're going to speak with Zachary Beach about real estate on your terms, making real estate deals in her excuse me Making Real Estate Deals Happen in 2024.

    • 42 min
    BIGGEST RISK with Zachary Beach 2024

    BIGGEST RISK with Zachary Beach 2024

    J Darrin Gross
    And so if you're willing, I'd like to ask you, Zachary beach. What is the biggest risk?
     
    Zachary Beach
    Yeah, I'm glad you brought that like, it's interesting the way you walk through all that, because that's essentially what we're trying to do is minimize risk as much as possible. Warren Buffett always said that they all make all the best investors out there, not specifically real estate, look to minimize the downside and maximize the upside. And I think that's exactly what we've done here. We're creative financing. Because right when we buy a piece of real estate, we're not personally guaranteeing the debt. So we are not taking on the risk of the debt. It's actually on the seller, so we're actually pushing it back to the seller. And then what we're then doing is we're actually not taking on the full risk of the property either because when we go sell on rent, oh, we're actually pushing the risk now to the tenant buyer for handling any and all responsibilities of the property because it's tied to his option. So it's very interesting that you hear that. So our biggest risk when it comes to these two deals. One, if it was a subject to deal, the biggest risk always involves is the due on sale clause. So then how do you manage that do on sales cause risk? Well, you buy a product, we buy the property in a trust. And then because the Garn Saint Germain act of 1982 allows you to transfer ownership of a property for state or tax planning purposes. So we use that to try to manage the risk. And then there's lots of insurance companies nowadays. I actually have a due on sales calls insurance now, as well. So that's where we we certainly minimize that. So then what? So then if we look on the buyer side, what's our biggest, our biggest risk? Now our biggest risk is if our buyer defaults, on a on the on the option or the rent to own deal, which means that we gotta go to traditional tenant law, which means now we're gonna deal with an eviction. So when we look at that, those are going to be our biggest risks involved when we do our best to manage that tenant buyer risk by getting as big of a non refundable deposit as possible, because it's less likely they're going to default if they have more money involved in the deal.
     

    • 2 min
    Multifamily Syndication Risk and Sponsor Learned Solutions with Darin Davis - CRE PN #461

    Multifamily Syndication Risk and Sponsor Learned Solutions with Darin Davis - CRE PN #461

    Today, my guest is Darin Davis. Darin is a real estate leader with 20 plus years of experience and has led through market shifts with over a billion and projects. And he's co founded Club Capital. And in just a minute we're going to speak with Darin Davis about Multifamily Syndication opportunities in 2024. 
     

    • 1 hr
    BIGGEST RISK with Darin Davis

    BIGGEST RISK with Darin Davis

    J Darrin Gross:
    I'd like to ask you, Darin Davis. What is the biggest risk? 



    Darin Davis:
    Yeah, and it's not a black and white answer. So and I get asked this question.
    You know, a few times but and it's I look back the the biggest risk personally for me was if I didn't take any, okay, the fear, I accepted the risk by doing my first few deals, knowing I probably was not going to make a ton of money. All right, I just, and I accepted that personally, mentally, emotionally. Because I said, There's no way I can, I can figure some of this stuff out. So the risk there is there was accepted risk, and I took it, okay, education, knowledge, experience, it best thing I ever did. And they were small at the time. I mean, they were big at the time, but they I look, I fast forward to 20 years. I mean, they were the greatest things I ever did. Okay. And I always think about, you know, I've had a lot of broken bones, I was a crazy kid, I tried all kinds of things. And I always, I always thought about atrophy as an as an answer, okay. You know, you know, when you break your arm back in the old days, they put plaster cast on us, you know, today, I think you're walking around with a knee surgery, four hours later, whatever they do, but everybody knows what atrophy as you take the cast off your arms, half the size of your other arm, you know, looking at that, but I kind of sat back and said, you know, what you can either, you know, waste the time and the knowledge that you've learned by doing nothing, okay, which I think is incredibly risky. Or you can spend that time and knowledge to do something that will propel you and or your family to some place that you're going to go. Or if you want to take it to the next level, you can invest. And when I say invest, I don't mean like, physically invest, but make that commitment and that investment in yourself and your family to actually go out and execute. And I used to say something, I've said this a long time. And actually, I kind of forgot about it. But I used to say, education without execution is just entertainment. My three E's, you know? And to me, that's, that's the risk that I will not accept me, you know, so not really an insurance answer. But you've got to take some emotional and mental risk, and even some financial risks, and I've lost money, there's no doubt about it. On my own money, okay. I've lost money. And but I look back, and I'm happy that I did what I did. I learned a lot. Now, if you don't, if you don't change your ways that you've learned those lessons, then that don't do it. Okay. But if you're willing to accept that, hey, I can take that risk, I can live with it, and I can learn and move on.  That's, that's powerful.
     

    • 3 min
    Revitalizing Las Vegas Midtown Arts District with Anna Olin - CRE PN #460

    Revitalizing Las Vegas Midtown Arts District with Anna Olin - CRE PN #460

    Today, my guest is Anna Olin. Anna is one of the pair of the pioneers of Z Life Sustainable Luxury Real Estate, originating the English Hotel in Las Vegas. And they are renowned for their innovative M8Trix Model. And in just a minute, we're going to speak with Anna Olin about Z Life's newest initiative, Midtown; revitalizing downtown Las Vegas.

    • 34 min
    BIGGEST RISK with Anna Olin

    BIGGEST RISK with Anna Olin

    J Darrin Gross
    If you're willing, I'd like to ask you Anna Olin, what is the BIGGEST RISK?
    Anna Olin
    Yeah, thanks. Well, I will make sure my insurance broker is listening to this with this podcast as I as I answer this, which actually I have Have a great relationship with my insurance broker shout out to John, he's been awesome for us. So I do actually love him. You know, I think in the industry as a whole, we always see the biggest, I think risk is the cost risk, right, and the cost of materials, the cost of time and cost to build, which I think our system and building the M8Trix and being in construction for so long, our entire system in existence on this planet now is was built to mitigate that. So when I look at our risks, specifically for Z Life, you know, our biggest I think our biggest risks is what is the market going to do, and nobody has a crystal ball and I can listen to a million podcasts and say, it's going to do this, it's gonna do that interest rates are gonna drop, they're not going to drop whatever. So I think, for us, the way we look at it is location is always going to be key, right location is always going to be the driver, that's going to be the consistent factor, whether markets up or down, no matter what's happening. The second is always going to be how, how flexible are we with the asset. So physically, the physical asset cannot be repositioned? If it needs to be to address the risk, or if something happens if there's a crisis. So you know, if it's, we went in with the intention of okay, we're building apartments, but now they have to be hotels, can the asset be repositioned easily and with with little cost, you know, as painlessly as possible. So so that's something that we always look at, that we try to address up front is the what ifs. And if there is a change in market, we started the English hotel three months into the pandemic, which was an absolute nightmare. It was so funny when we first designed this system, the M8Trix system and I apologize for the the long answer here to your question. But we designed the system around recession proof, we wanted to build a recession proof model that even during a recession, the the asset would be able to produce the pandemic hit. And we've now changed from being a recession proof model to a pandemic proof model. So so so we know that our model works, but it's having the you know, the ability and the flexibility to reposition our asset, and not just that, but you know, our portfolio overall the vision overall to to address market changes. I think aside from that, that physical answer to that is the emotional and mental, you know, flexibility as well, to recognize that and be willing to make those changes. I've seen so many assets, so many projects get cancelled or put on hold, because of market condition changed or something happened, and the owner just doesn't have the flexibility emotionally to look at look at the project in a different way and how to maybe repurpose it or move it around so that it can work is that it's kind of just a hands up open, it didn't work the way it did we have to cancel it, it's gonna sit, you know, while it's gonna sit, thank you for the next 10 years. So I think that's that's how we approach that and how we approach risk. And it really being as flexible as possible, not just with the the physical product, but with our mindset and our leadership and how we approach that.
     

    • 3 min

Customer Reviews

4.8 out of 5
27 Ratings

27 Ratings

ChanTanBanFanMan ,

Great show!

Awesome host, easy to talk to, great questions and fun environment to discuss all aspects of real estate.

Multifamily University ,

Awesome podcast!

Insightful and practical!

mission530 ,

An all encompassing commercial real estate show

My favorite part about this podcast is the wide variety they have with their guests. I’m able to learn so much about CRE thanks to the great many opinions that come from this show. Great for anyone interested in commercial real estate.

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