Commercial Real Estate Pro Network

Today, my guest is Beau Turner. Beau Turner is the founder of Abundant Mines, a Bitcoin mining company built with one purpose to make passive crypto and infrastructure investing simple, secure and sustainable. And in just a minute, we're going to speak with Beau Turner about demystifying Bitcoin. https://home.abundantmines.com/about-us https://www.linkedin.com/in/beau-turner-445732251/  

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 that we're actually in the physical world. So Bitcoin is a unique asset among assets, because it is digital. It's theoretically indefinite. It doesn't have a lifespan. It doesn't have a half life. It can exist forever. When you get into mining, people are usually getting into mining to outperform Bitcoin, to get, you know, the tax advantages of depreciating equipment, to get the income stream. But when you enter into th

Today, my guest is Andy Matthews. Andy is a real estate lawyer at Stoel Rives LLP in Seattle, Washington, and in just a minute, we're going to speak with Andy Matthews about Real Estate Law.   https://www.stoel.com/people/andrew-l-mathews https://www.linkedin.com/in/andrew-mathews-8716453/  

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 to their great detriment. And for me, I mean, AI is one example, but just, I think, I think the the risk that I face as a lawyer. It's really easy to to spend my days, as you alluded to, you know, like, like every other lawyer out there I I charge my day is based around the billable hour, and so anything that that I do that's not a work that that is billable to my client, is something that that is outside of what are the Core

Today, my guest is Michelle Hamilton. Michelle Hamilton spent 30 years as a strategic leader in commercial real estate and the AEC sector, before focusing on one of the biggest challenges in enterprise technology, the gap between AI investment and actual workforce adoption. She founded spark AI strategy to help organizations close the gap, and was recently recruited by answer rocket, a global AI transformation firm serving mid market and fortune 2000 companies to design and lead their new AI adoption and change management division. And in just a minute, we're going to speak with Michelle about how to bridge the AI gap between corporate roadmaps and workforce reality.   https://www.linkedin.com/in/michellehamiltonai/  

J Darrin Gross I'd like to ask you, Michelle Hamilton, what is the BIGGEST RISK?   Michelle Hamilton I think the biggest risk. And it doesn't matter how big of a company you are, you could be a small business, a two person shop, or a 10,000 person shop, if you start investing in AI tools, technology, and you don't invest in your people and teach them how to use it for the outcomes you are expecting, then you will not realize your ROI and waste your money. It is the people that have to be invested in so that they understand how to use this unbelievable piece of technology to continue doing their job, so that they are not only creating incredible efficiencies, but it is also allowing them, as humans, to go back to being humans and not being stuck behind a computer screen for eight hours a day, but actually having their AI work alongside them so that they can continue to build business and build relationships, human to human, you have to invest in the people alongside the technology, and don't assume that your I

Today, my guest is Jens Nielsen. Jens Nielsen immigrated from Denmark in 1996 and after a successful career in IT, he followed his passion for real estate and coaching and became a full time real estate investor and certified high performance coach. And in just a minute, we're going to speak with Jens Nielsen about using systems and mindset to create financial returns and meaningful impact.   https://jensnielsen.us/  

J Darrin Gross I'd like to ask you, Jens Nielsen, what is the biggest risk?   Jens Nielsen Yeah, I mean, the way I look at risk is now is little bit different. I look a lot more protecting the downside. Right in the past, it was all well here, all the ways it can go well and, you know, we can make a lot of money and so on. You know, practical experience has shown that it could also go bad, and if, when it does, make sure you protect your downside, right? So that could be, you know, insurance is one way. I mean, as I mentioned before we started recording, we just had a fire in one of our buildings that shut down the whole building for months. I mean, that's where we have to transfer the risk to the insurance company, obviously. So that's one thing. But even in deals that may not go so well, you know, we try to protect capital and so on. But if that doesn't work, are we actually protecting ourselves through, you know, doing non recourse loans and other things like that, right? So I'm really focused on right now

Today, my guest is Gino. Barbaro. Gino is an investor, certified money coach, entrepreneur and podcast host. As an entrepreneur, he's grown his real estate portfolio to over 1900 multifamily units and 450 million in assets under management, and in just a minute, we're going to speak with Gino Barbaro about multifamily investing and money coach.    https://jakeandgino.com/ https://www.youtube.com/@barbaro-360  

J Darrin Gross I'd like to ask you, Gino Barbaro, what is the BIGGEST RISK?   Gino Barbaro That is an excellent question. I can look at risk from my own perspective in my life as when I look at risk, what is the risk of not doing something? If I had been at the restaurant back in 2008 and I would have said, You know what? It's too risky. I've got a nice little small business. I'm hanging out. I'm doing okay, and that's what a lot of people out in society right now. They have a comfortable job. They're not looking around. They think that there's no risk involved in that. Whatever you do in this world, whether you're working for yourself or you're working for an employer, there is always risk involved. Choose risk accordingly. I had that picture in my mind of, you know, becoming getting into my 60s and being stuck in a kitchen doing something that I hated. What's more riskier than that? I mean, I don't care how much money I lose and doing whatever, but to me, that picture was scary as hell. There was a lot of r

Today, my guest is Daniel Daly. Daniel didn't start in real estate, but after he scaled an automotive startup to 600 million, then built a cross border European real estate portfolio. Today, he leads a Portugal Golden Visa eligible hospitality fund focused on experiential assets, and in just a minute, we're going to speak with Daniel Daly about short term rental properties.   https://globalipllc.com/   https://www.linkedin.com/in/daniel-daly1/  

J Darrin Gross  I'd like to ask you, Daniel Daly, what is the BIGGEST RISK?   Daniel Daly The biggest risk for investing in short term rentals in Europe, from my perspective, it's the same as any other investment in real estate. Maybe Location, location, location. So you know, the biggest risk is, did I pick the right place to invest in? That is the location where everybody wants to go. Am I in? Ring one, that avoids the risk. Ring two, minimizes the risk. Ring three, it's risky, right? You're further away. It's cheaper, yes. But generally risk one avoids risk ring one avoids most of the risk is, I want to be in a location where people want to go to, where people are visiting, where are things that they want to make their trip easily accessible, whether it's train, bicycle, walking. So that was the biggest risk is, what's the location? Do we feel confident in it and minimizing the risk would then just be if, for some reason, we couldn't afford that ring one to go to ring two. But I do everything that I can to

Today, my guest is Mark Shuler. Mark Shuler RA is a licensed architect in the states of Washington and Texas with more than 35 years of professional experience as an architect, engineer, business owner and real estate investor as president of SGRE investments, Mark pursues value add opportunities that leverage his professional background and capitalize on his skill sets as an architect and real estate investor, and in just a minute, we're going to speak with Mark Schuler about the reasons why multifamily value add investing make a great investment strategy.    https://www.linkedin.com/in/shulerarchitecture/  

J Darrin Gross So if you're willing, I'd like to ask you. Mark Shuler, what is the BIGGEST RISK? Mark Shuler I have a pat answer for that. The biggest risk to real estate is government. That's what I was alluding to. And beginning of this conversation, the West Coast Seattle is as Uber blue as it gets. You have a lot of well meaning city councils and county councils trying to address significant housing crisis that exists throughout the entire country right now. And they, rather than letting the markets Mark operate efficiently. They get in there and they they throw roadblocks in it, and we can't produce enough housing as a consequence, then we have a supply problem, and they enact rent control and other pieces of legislation that make the operation of real estate even more difficult. I That's why I left Seattle. I can't do it here anymore, specifically because of that. So that's one thing you know. You've got to look at the the risk posed by your local government, and see if that you know, if you can devel

Today, my guest is Caleb. Christopher Caleb is the founder of Creative TC, DOS Guard and Creative Title Company. He's a cyber security expert specializing in creative finance, risk management and ethical business building, and in just a minute, we're going to speak with Caleb about Creative Finance Mechanics.   https://creativetc.io/  

J Darrin Gross I'd like to ask you, Caleb, Christopher, what is the BIGGEST RISK? Caleb Christopher I'm going to answer with a categorical answer. I think the biggest risk is any risk that you either refuse or fail to identify and seek to address, like you talked about, what bucket can I put it in? Can I transfer it or do I have to accept it? But the ones where you don't have the eyes wide open, the ones that catch you unawares, are the biggest risks. So I think the biggest risk comes from a reluctance to engage either JV partners or consultants or attorneys or any general education, leaving yourself open to be blindsided by something you didn't see coming. That is very well said. Eyes wide open and make sure you understand the risk. That's good. Caleb, where can listeners go if they'd like to learn more or connect with you? https://creativetc.io/  

Today, my guest is George Thomas. George Thomas is the founder of Financial Freedom Builders, an organization helping families build confidence with money. And in just a minute, we're going to speak with George Thomas about Money and Wealth Building Concepts.   https://www.thefinancialconstructor.com/  

J Darrin Gross If you're willing, I'd like to ask you, George Thomas, What is the BIGGEST RISK?   George Thomas By far, the best the biggest risk, is not investing. You know, to darrin's point about, can you avoid it? You could try to avoid it. You can put it into the savings account, and you could, you know, avoid the market because you're worried about what could happen with your money. You could, but you run the risk of having to work tirelessly and getting nowhere the rest of your life. So that that so that moves that, that moves that away. The second piece is, is, can you? Can you mitigate it in some regards? So you, you can do things to help you mitigate some by understanding what the strategies are when it comes to investing, right? Does carry risk? Yes, you could be in the wrong investment, and it could turn into a true disaster. So what you do there to mitigate is to get the education you need to be able to use what you know is necessary for you to get to your end destination, which is financial free

Today, my guest is Nick Deangelo. Nick Deangelo is known as the Fixed Income Goat in real estate circles, with a $206 million plus portfolio, and in just a minute, we're going to speak with Nick Deangelo about fixed income. https://saintinvestment.com/ saintinvestment.com/book  

J Darrin Gross  I'd like to ask you, Nick Deangelo, what is the BIGGEST RISK?   Nic Deangelo The biggest risk, I'll give you the biggest front side and the biggest backside. Biggest front side is always going to be due diligence on our side, we have beaten that to death. We have overlaid many economic factors. Our due diligence confidence is at an all time high. But what I see in the marketplace is many people not doing the due diligence to a real, true conservative estimate of outcomes that is the biggest risk. And we saw that the last few years. And we see the back end of what that looks like, the optimistic, the rosy projections, things like that, and that's consistently what we see. And then on the back end, let's talk portfolio strategy. We have over 600 mortgages. We got, you know what, 19 syndications that we've done, the number one risk that I've seen on that side is not thinking long term. I know I beat that to death, but in the same vein of the underwriting and being over rosy with your projections