The Real Estate Espresso Podcast

On today’s show we are talking about the danger of reading headlines and making decisions based on those headlines.  A few months ago I reported on the podcast about the Corporate Transparency Act. This is that new regulation that requires millions of companies across the USA to disclose additional beneficial ownership information to the government.  In a new ruling from last week, the Corporate T...

A number of high profile commentators have demonstrated that very few professionally managed equity funds have outperformed the market average. Fund managers are active investors. They analyze each company. The interview the CFO and the management team. They perform due diligence on the company and determine whether shares in that company fit within the fund mandate and they then make an investmen...

There is no doubt that the lock in effect has reduced the amount of mobility in most forms of real estate. The higher interest rate environment has dramatically reduced the number of people who are willing to give up their low interest rate mortgage and move to another property where their cost of borrowing is going to be much higher. Some have chosen to move and put the house that they own on the...

Zach Jensen owns an acountng firm in San Diego, Califrnia. On today's show we're talking about the beneifts of being classified as a real estate professional and what it takes to qualify for this. To connect with Zach and his firm, visit taxwisecorp.com ------------------- Host: Victor Menasce email: podcast@victorjm.com

Pasha Esfandiary is based in Los Angeles where he established himself as a professional poker player. Despite being successful at poker, he pivoted into the world of real estate investing and has applied the lessons of poker in his new career. On today's show we are exploring those lessons. To connect with Pasha, visit https://www.evokecapital.net/ -------------- Host: Victor Menasce email: po...

Our book this month is called Scary Smart by. Mo Gawdat. Mo was the Chief Business Officer at Google where he was responsible for much of Google’s global expansion, country specific localization and the introduction of translation and voice recognition all over the world. He’s a super smart guy and he has been an insider when it comes to Google’s AI projects. Prior to Google, Mo was at Microsoft....

Storage is an industry segment that has been growing rapidly for the last few decades. But this has been impacted by the recent decline in the residential real estate market in the past 24 months. Across the United States there has been a decline in storage occupancy and operators have been offering increased incentives for their retail storage offerings. So the question is why the sudden drop in...

On yesterday’s show we looked at a couple of the hedonic adjustments that the BLS makes when computing GDP and the consumer price index. On today’s show we are going to take a look at the real estate component of the CPI. Part of the contribution to elevated inflation over the past couple of years has been the nearly white hot acceleration of real estate prices. That’s partly a function of purchas...

On today’s show we are taking a closer look at the various components of the consumer price index and how it is calculated. Today's show will probably shock you. ------------ Host: Victor Menasce email: podcast@victorjm.com

Today’s question comes from Marc in Montreal. I recently got an as-built appraisal report that I wish to use for financing for a new apartment complex in a semi-rural location with lots of industry and extremely low vacancy.  The appraiser is quoting a higher CAP Rate than I was expecting, citing the following.  First, he is using comparables a couple of hundred miles away, in the same province.  ...

Brock Holliman is based in Sarasota Florida where he develops build to rent communities in an infill context. Today's conversation is filled with powerful market insights. To connect with Brock, visit hollimancapital.com or connect with Brock at @follow.brock on various social media such as Instagram, Facebook, Youtube, etc. ----------- Host: Victor Menasce email: podcast@victorjm.com

Michael Flight specializes in shopping centers. He was our guest last weekend where we talked about the state of retail. Michael is also a pioneer in the world of applying crypto technology to real estate and how real estate can become tradable using blockchain technology. I've had numerous conversations with proponents of this technology and today's talk was the first one that actually ma...

The allure of hunting for that perfect deal can be intoxicating. I hear of many investors often spend countless hours scouring listings, attending networking events, and analyzing market trends. But what if I told you that there’s an alternative approach—one that doesn’t involve the relentless pursuit of deals? Welcome to the all-you-can-eat buffet of CRE investing. ---------- Host: Victor Menasce...

Commercial brokerage JLL just published their retail real estate report for 4Q2023. The report contains a number of interesting insights.  Today’s show complements the interview we had with Michael Flight last weekend on shopping centres. Michael has been investing in shopping centres for decades and he is a real expert in the space.  The JLL report highlights that the majority of the growth is in...

On today’s show we are focusing on a change that is looming in the world of real estate marketing.  It’s well established that the average person has a hard time visualizing what their new home or perhaps their rental apartment will look like when fully furnished. Some furniture businesses have been investing heavily in the technology to help you visualize what their furniture would look like if p...

What type of organization do you want to work with? Are bigger organizations necessarily better? We’ve all heard of the Pareto Principle, this is sometimes called the 80/20 rule.  80% of the revenue comes from 20% of the customers. 80% of the complaints come from 20% of the customers. 80% of the wear on a carpet happens on 20% of the surface area. There are countless examples.  It’s not a rule, or...

On today’s show we’re talking about what’s wrong with today’s internet. You might be wondering why we are talking about technology on a real estate podcast. It’s because the internet is the primary source of information for real estate investors and developers. We’ve come to rely on it. If the document you seek is not accessible online, then it’s as if it doesn’t exist. If it is online, but you ca...

Chris Miles comes from the world of life insurance sales. On today's show we're piercing the veil on some of the practices that are rampant in that industry that everyone needs to know about. To connect with Chris, visit moneyripples.com or check out his Money Ripples youtube channel. -------------- Host: Victor Menasce email: podcast@victorjm.com

On today's show we're talking with Michael Flight. He's been investing retail since the early 1980's. We're talking today about the pressure points in retail. To connect with Michael or to learn more visit libertyfund.io. There are numerous resources on the website. ------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we are talking about some of the structures out there, pooling of funds in a blind fund, or investing in an individual project. There are so many ways to invest. The question is, what are the pros and cons of one approach versus the other.  It really starts with getting educated on the type of investment that is going to fit for you. Investments run the full gamut, from buying exis...

On today’s show we are talking about government taking land from you with what appears to be no compensation.  The concept of eminent domain is well entrenched in real estate law. It says that government can demand your land in exchange for just compensation if the taking of that land is in the public interest.  For example, if the public good is served by building a new freeway or an airport, the...

On today’s show we are talking about making sense of the conflicting economic data that is being reported by different government departments.  Let’s start with GDP and then we will look at employment numbers, and finally we will look at inflation versus real earnings.  ------------ Host: Victor Menasce email: podcast@victorjm.com

I’m a real estate developer. I’m pro-development. I’ve had projects denied by city council as a result of community opposition. In every case, I’ve been shocked by the intensity of community opposition and truly felt that our project was designed to enhance the community, and not detract from it.  Some community opposition has been based on absolutely made up stories that are not at all connected...

On today’s show we’re talking about the immigration, migration, deportation, and human lives. Earlier this week I had a conversation with Juan. He’s Mexican and lived in Austin Texas from the age of 5 until the age of 27 when he was deported back to Mexico. Juan entered the US illegally with his family at the age of five. Clearly he didn’t have the capacity to make that decision for himself. He sp...

Bronson Hill is based in Los Angeles California. On today's show we're talking about the shift that has taken place in the market over the past six months. To connect with Bronson, visit bronsonequity.com. -------------- Host: Victor Menasce email: podcast@victorjm.com