Vertical Integration Multiple Asset Class Commercial Real Estate with Kip Sowden - CRE PN #477

Commercial Real Estate Pro Network

#Trading #Estate #Real #Darrin Gross #Commercial Real Estate Pro Network #Real Estate #Business #Industries

22:08

Host Francesca Amiker sits down with directors Joe and Anthony Russo, producer Angela Russo-Otstot, stars Millie Bobby Brown and Chris Pratt, and more to uncover how family was the key to building the emotional core of The Electric State . From the Russos’ own experiences growing up in a large Italian family to the film’s central relationship between Michelle and her robot brother Kid Cosmo, family relationships both on and off of the set were the key to bringing The Electric State to life. Listen to more from Netflix Podcasts . State Secrets: Inside the Making of The Electric State is produced by Netflix and Treefort Media.…

about a year ago 47:29

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Today, my guest is Kip Sowden. Kip is the Chairman and CEO of Rreaf Holdings. Kip has over 37 years of experience in commercial real estate with a strong background in real estate brokerage, mortgage banking, acquisition development and asset management. And in just a minute, we're going to speak with Kip Sowden about investing in multiple commercial real estate asset classes.

209 episodes

Vertical Integration Multiple Asset Class Commercial Real Estate with Kip Sowden - CRE PN #477

Commercial Real Estate Pro Network

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published about a year ago

MP3•Episode home

209 episodes

#Trading #Estate #Real #Darrin Gross #Commercial Real Estate Pro Network #Real Estate #Business #Industries

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1
BIGGEST RISK with Mike Cossette 2:03

19 hours ago2:03

2:03

J Darrin Gross I'd like to ask you, Mike Cossette, what is the BIGGEST RISK? Mike Cossette Well, Darrin, I appreciate all your insight, and I really appreciate that that question. And I like the three phases that you just went through, because that is going to help me restructure how I think about my own risk. I really that that was a nice little light bulb you gave me my personal risk. And I think a lot of investors might be seeing this now, and if they're not, if they're new investors, this is something that is vitally important is over leveraging. I think everyone you know says, Keep X amount of dollars, six, nine months of you know, costs, you know, capex, or what have you in the account I want. I think everyone should increase that because, as you mentioned with the global warming and fires and hurricanes and those black swan events. Everything can be going perfect, but it's what you don't and can't expect or predict that can sink the ship. And we're experiencing that now. Everything you know, even tough, markets going fantastically, you know, fine, and then boom, hurricane hit, no money coming in six months before insurance can even lift a finger, and that can sink a lot of ships, and it almost sunk ours so, and we're still waiting, waiting to see if it will. So I think that is the biggest thing is for so long, we've been going fast, borrowing 232, and a half, three and a half percent interest. Then, why wouldn't you buy this? Cash Flows? Everything makes sense, and capital is available. Government's printing money. Everyone's got their hand out. People are moving fast and not stopping, and assessing their portfolios the way they should be, and really setting aside the emergency funds that are necessary. I think that is, in my opinion, the biggest risk and my biggest risk.…

1
Commercial Real Estate Passive Income Investment Strategies with Matt Buchalski - CRE PN #495 47:23

6 days ago47:23

47:23

Today, my guest is Matt Buchalski. Matt is a serial business builder, sales leader and multi family investor with nearly two decades of experience, and in just a minute, we're going to speak with Matt Buchalski about strategies for establishing quality returns and passive income in commercial real estate investing. https://www.linkedin.com/in/matthewbuchalski/ matt@ownwell.com…

1
BIGGEST RISK with Matt Buchalski 1:57

8 days ago1:57

1:57

J Darrin Gross I'd like to ask you. Matt Buchalski, what is the BIGGEST RISK? Matt Buchalski I think the biggest risk as an owner, slash general partner, is reputation risk. And I think reputation risk comes in two different forms. Right? Number one is your own personal reputation, right? How do you handle yourself during the hard times? How do you screen opportunities as they come into your inbox and really gage which ones are worthy of you putting your name reputation on, and frankly, capital into, because I put capital into every deal that we do, right? So I think there's reputation risk from that perspective, the other perspective, though, and this is kind of the little further downstream, but the reputation risk of. How you run your assets right? What happens to you and your community ecosystem by putting the wrong resident profile into your units? What happens if you're not screening your residents properly and they throw parties or they you know, they have bad actors that you know frequent your communities, other people are going to want to move out, and other people will move out, and they won't tell you necessarily why in most cases, right? That's your reputation on the line. That's your your sign at the edge of that asset that carries, you know, kind of your branding on it, and so you need to make sure that everything that you do on running that asset helps build and enhance the reputation of that asset. Otherwise, it takes a long time to undo that. https://www.linkedin.com/in/matthewbuchalski/ matt@ownwell.com…

1
Real Estate Investment Opportunities Outside the US with Anne-Michelle Wand - CRE PN #494 42:55

13 days ago42:55

42:55

Anne-Michelle Wand, an international real estate expert, discussed her journey to financial freedom and her investments in Panama. She highlighted the ease of property ownership for foreigners in Panama, the use of attorneys for contracts, and the stability of the US dollar. Anne-Michelle detailed her strategy of raising all capital upfront to minimize risk, avoiding mortgages, and ensuring solid land investments. She plans to build a multi-family project targeting the over-55 and digital nomad markets, raising $6-7 million. She emphasized the importance of minimizing risk through solid financial planning and the potential for passive income through real estate investments. https://www.passive-profit-partners.com/ https://www.linkedin.com/in/cr8grtsuccess/?originalSubdomain=pa…

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BIGGEST RISK with Anne-Michelle Wand 2:12

15 days ago2:12

2:12

J. Darrin Gross If you're willing, I'd like to ask you, Anne-Michelle Wand, what is the BIGGEST RISK? Anne-Michelle Wand Well, I think I touched on it before. I think the one of the biggest risks is over leveraging your product and the so that's how I've created this whole business model to minimize risk by having all the money paid up front and owning the building outright and then having the ability to refinance it when conditions are favorable, in order to pull out investors money that that's that's that allows you to to withstand any downturns, delays or economic factors that may be happening in the outside world. And still, you're still going to have cash flow the way I've designed the project. It's going to break even at 23% so anything above that should be cash flow back to the investors. You know, it'll start out small, it'll grow and people will also have the ability there'll be a section in there where people can actually come and enjoy a vacation or or for the over 55 live there full time. So your amount of return will vary depending on how much you use your. Property. You know, that's, that's how I see. You know, minimizing risk is putting the solidarity there of the land. Land, you know, generally doesn't go down in value. And if it does, it goes back up on a on a scale. You know, may go up and down a little, but if you crack it over 20 years, goes up. They're not making any more of it. And especially land on a Caribbean island that's a very desirable land, whether it's right on the ocean or not. Another wonderful factor about Panama is we don't have hurricanes, so people can get out of the hurricanes. We don't have earthquakes. It's it's safe there for your land too. You just need to make sure it's elevated and not right on at sea level for the rising seas that is happening. https://www.passive-profit-partners.com/ https://www.linkedin.com/in/cr8grtsuccess/?originalSubdomain=pa…

1
Commercial Real Estate Renewable Energy Incentives with Carl Moose - CRE PN #493 38:34

20 days ago38:34

38:34

Today, my guest is Carl Moose. Carl is a seasoned executive with nearly 30 years of experience spanning business development, mergers and acquisitions, real estate and energy solutions. And in just a minute, we're going to speak with Carl Moose about how renewable energy can turn your property into a high performing asset. Ph: 630-785-0031 Web: greenlightenergy.solar E: carl@greenlightenergy.solar…

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BIGGEST RISK with Carl Moose 1:19

22 days ago1:19

1:19

J Darrin Gross If you're willing, I'd like to ask you, Carl Moose, what is the BIGGEST RISK? Carl Moose Yeah, so as a property owner. And when I'm dealing with property owners, anytime you make a change to the building, or you install something on the building, like solar, you know, there's, there's some risk there. I mean, you know, obviously their first concern is, you know, are you going to put poke holes in my roof, and is my roof going to leak? So that's one of, one of the considerations. The other is, you know, weather, you know, they ask, well, you know, are these going to blow off if we get a, you know, big weather storm, or is hail going to damage these? And you know, the answer is, possibly, you know, if the storm is big enough, and if the hail is big enough, you have that, you have that risk. And then, of course, you know, they they ask about, are they going to work, right? And so there's enough data out there with regard to whether the solar panels are going to work, and we know the sun's going to be there, right? So that's not, that's not an issue. The question then becomes, you know, are these things actually going to work? And there's enough data out there that to support, you know, our response to that, which, yeah, they're going to the way that we install them, the way that they're designed, they they will perform. So those are the questions that we get from business owners, you know, with regard to, you know, if I, if I make this change and go ahead and put solar panels up there, those are typically their concerns. Ph: 630-785-0031 Web: greenlightenergy.solar E: carl@greenlightenergy.solar…

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Alternative Investments for Accredited Investors with Matt Spagnolo - CRE PN #492 43:07

27 days ago43:07

43:07

Today, my guest is Matt Spagnolo. Matt is a former residential and commercial agent turned capital raiser now in capital markets with Colony Hills Capital as fund co manager, and in just a minute, we're going to speak with Matt Spanolo about capital markets and alternative investments. https://www.colonyhillscapital.com/ https://www.linkedin.com/in/matt-spagnolo/…

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BIGGEST RISK with Matt Spagnolo 3:00

29 days ago3:00

3:00

J Darrin Gross: I'd like to ask you, Matt Spagnalo, what is the BIGGEST RISK? Matt Spagnolo: Yeah, I would say the biggest risk in multi family has to be interest rates, right? Interest rates are something in I like to say the biggest risks, at least with what we do at colony, is something that we can't control, right? We believe in our team and the systems and processes that we've put in place, what we can control, we can live with with that, right? But what's tough is the items that we can't control, like you said, insurance and interest rates. So we've made a shift to help on the insurance side of things. Right? If the properties we had invested in Texas and in Florida in the southeast that maybe are seeing a higher jump in insurance, we are going to these properties in the northeast, like I mentioned, we're making that shift geographically. The insurance number itself might be high in the northeast, but the only thing that we care about as an operator is what is the year over year change? As long as that's consistent and relatively predictable, that's what's important to us, right? Because we can underwrite to that. But if you're in some of these states where it's very unpredictable, you could see a huge increase one year, and then it flat lines for a year or two, and then there's another massive increase. That volatility is something that that worries us. So we are going to markets where the year over year change, regardless of how expensive it is, is consistent and is relatively predictable, and has been for 15 to 20 years. So that's something that we're doing to try to eliminate that insurance risk, however, interest rates, one, nobody knows where they're going. And two, if they did, they probably wouldn't, wouldn't be working. They'd be they'd be on wall street somewhere. But right, it's up to the Fed to kind of control the Fed funds rate, and then that will also affect some of the other rates that we see in multifamily right? And even with Fed funds rate coming down, we've seen that the 10 year has has gone even higher recently. So that's that's something that we can't control. What we can do is make sure that we're buying our deals right at a good cost basis, but the sale right our cap rates, what we're buying and what we're selling at, really just depends on what the interest rate is. I mentioned earlier. We want to buy with that positive leverage. If the buyer on the back end of a deal that we are selling is using the same strategy, their purchase price is going to move not depending on the income of the property, but on what the interest rate is, right, if they have to get a new loan. So that's that's such a risk, and it's a very big one. But if we think that interest rates are going to find some sort of normalcy, or flat out, or flat line here, between that four to 6% range, I think that's something that we would, we would love to see, is, is some stability, right? Regardless of what the number is, just again the year over year change being consistent. So to answer your question, I'd have to pick interest rate risk.…

1
Economic Incentives for Urban Infill Real Estate Investing with Katie Kim - CRE PN #491 42:58

5 weeks ago42:58

42:58

Today, my guest is Katie Kim. Katie Kim is a visionary real estate developer and educator specializing in transforming overlooked urban spaces into thriving community enhancing developments, and in just a minute, we're going to speak with Katie about how to scale your real estate portfolio. https://www.katiekim.com/ https://www.linkedin.com/company/thekatiekim/ https://www.instagram.com/thekatiekim/ https://www.youtube.com/@TheKatieKim…

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BIGGEST RISK with Katie Kim 4:47

5 weeks ago4:47

4:47

J Darrin Gross: I'd like to ask you. Katie Kim, what is the biggest risk? Katie Kim: The biggest risk is it all not working out right and not going to plan, pretty much. So we when we step into a development, I want to answer in two parts. I want to answer an insurance side of risk, because I think insurance is a great way to do risk, and it's definitely part of our risk mitigation plan. But when we and when we step into putting together the development structure, it's more than what are you offering your investors, right? It's who's on the team in the development and what are they seeing as a risk and putting all those feedbacks and comments into that risk mitigation plan for the development itself, and communicating that to our investors and our bank and all of our team, and then also contingency, contingency, contingency on the financial side, for sure, but how do you make sure you have plan? A, B, C, D, you know, really, EF all the way to Z for each item in the plan, in the process. So, you know, a couple of the projects we started, I mentioned Keller station as one of our developments. You know, we were in the middle of construction when COVID hit, you know. So now you gotta look at, okay, you want businesses to come into a place where they can't open, they can't get going, they can't launch. And some of them are retail, some of them are customer facing, some of them are restaurants and coffee shops. And looking at that plan and how do you shift and pivot? And that's where I really go back to network. And who do you have in your network? How are you building your network? Because they're your biggest resource. They're your biggest cheerleaders. They're going to really, you know, think outside the box, bring their their expertise in their lane to really help the Miss risk mitigation. You know, we were the success story at Keller station was, you know, our, our coffee shop there, CXC coffee. They have grown 3x you know, since COVID, they pivoted. They actually did some really cool marketing during COVID. They did a curbside pickup because they didn't have a drive through. We had a couple retail businesses. Hello, headband. Who does headbands and scrub apps? They have the softest fabric. They they actually moved into their first retail location from their home in March 2020, so you think, like right during the COVID shutdown, and they were actually so busy online, they would sell out within like three minutes, sometimes 30 seconds, and they couldn't even open their store because they couldn't keep inventory in they were just so it's, it's, how do you leverage your team to really enhance whatever the goal is, if it's growth, if it's risk mitigation, if it's, you know, avoiding that, that issue, leveraging that, and one way we do It, specifically with insurance, is we have our insurance agents, look at our contracts, look at our policies, where we where we, you know, at risk, right? And some of the policies, when people put together investment deals, as you know, is, you want to make sure you have a policy to protect your investors, protect your officers, as well as the building like it goes past just that physical structure and sitting down with someone you know, like yourself, where you can say, okay, hey guys, I want to show you where you're exposed, right. Here are some things. Here's some ways we can cut your premium without cutting a coverage. And that is where I see a lot of people. Such as yourself coming as a strategic partner to the team, versus, hey, I'm just selling this product. I'm just selling this, this policy, right? You're coming from contribution, you know, with, you know, everything you're doing with the podcast and educating your audience. You're educating them to be, you know, again, to walk with you and then run with you. So where they come back and say, Hey, how can we get our monthly payment down, but not give exposure, right? Not given to more risk and and I think if people start to ask questions, right, and come from Curiosity, bring their team as truly strategic partners in their plans, then it really changed the game. And that's that's where I would encourage people to go, especially when they're looking at risk. And risk mitigation is you're paying these people for their service, yes, but are you leaving money on the table by not leveraging their mind and their strategy and their strategic capability in your deals and into your network, and that is where I think a lot of people do leave a lot of money on the table. https://www.katiekim.com/ https://www.linkedin.com/company/thekatiekim/ https://www.instagram.com/thekatiekim/ https://www.youtube.com/@TheKatieKim…

1
2025 Multifamily Trends with Jamison Manwaring - CRE PN #490 53:03

6 weeks ago53:03

53:03

Today, my guest is Jamison Manwaring. Jamison is a multi family real estate expert and CEO of Neighborhood Ventures, a leading real estate investment company utilizing crowd funding to enable investors to invest in multi family properties. https://neighborhood.ventures/ https://www.linkedin.com/in/jamison-manwaring-a8188625/…

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BIGGEST RISK with Jamison Manwaring 3:17

6 weeks ago3:17

3:17

J Darrin Gross: I'd like to ask you, Jamison Manwaring what is the BIGGEST RISK? Jamison Manwaring: The biggest risk that I see today is continued oversupply of housing. And we always go back to econ 101, that it's supply and demand. And we have a lot of demand in our markets that we cover for housing. There are not enough people who can afford to buy a home, so more and more people are renting. But we've built a lot of apartments also. So if the supply of new apartments is stronger than the demand, then price either stays the same or can potentially move down. And so as I'm looking out the next few years, it really is when this new supply starts to go away and we get to more of an equilibrium with our supply and demand. The past few years, the biggest risk has been what would happen with interest rates, and where do we where do we land? And I think now we've kind of gone through that. Right now, what I'm looking at is future supply, what will happen in 2025 and as a appears right now, 2026 2728 the demand, the supply falls off a cliff. I do think, besides the the supply, what happens with insurance, is a hot topic right now, because we just saw what happened in with the fires in California, we're having a big blizzard right now on the southeast that is, is freezing people, and it's going to cause cause problems. And insurance is in some people think insurance is kind of a broken model when it comes to commercial real estate and how many and how you make insurance work. In some cases, when you buy an older building in Arizona, you might get one bid from an insurance broker, and that's all you can find one company who will will put insurance on the 1960s building, even if the building is all up to code and has updated electrical panels and other things, maybe one, one person, so one company where six, seven years ago, you'd have three or four quotes. So insurance is in a really precarious spot. And I do know it's hard in some places to get insurance. In Florida and Texas, with the hurricanes, and now with California, so that that we think it, I think it'll figure itself out, and whether that means higher premiums or or adjusting risks in other ways, so that there'll, there'll be a marketplace. But it is definitely a hot topic in something if you're an investor or an operator, you need to stay on top of because it's a changing landscape right now.…

1
Multifamily Development with Justin Goodin - CRE PN #489 32:27

7 weeks ago32:27

32:27

Today, my guest is Justin Goodin. Justin is the founder of Goodin Development, a multi family development firm based in Indiana that enables busy professionals to invest in real estate without the demands of being a landlord, and in just a minute, we're going to speak with Justin Goodin about multi family development.…

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BIGGEST RISK with Justin Goodin 1:27

7 weeks ago1:27