The Real Estate Espresso Podcast

On today’s show we are repeating words that have not been heard for nearly a decade. In the wake of the GFC, short sales, underwater mortgages were pervasive in some markets and made up a significant percentage of market activity. Well according to a recent report from Black Knight, About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is...

Today's episode was recorded on-location at the Renault Winery in southern New Jersey. Josh and his wife Melanie rescued this storied property out of bankruptcy four years ago with a tentative mission of extracting value from a distressed asset. Fast forward four years, a pandemic, and an economic cycle and this property has been transformed into a legacy project befitting its 150 year history. On...

Eric Weiss is a world renowned executive chef and sommelier. He has served as food and wine consultant to the white house for 15 years, trained the staff at major properties all over the world. To connect with Eric, visit servicearts-inc.com ------------- Host: Victor Menasce' email: podcast@victorjm.com

On today’s show we are talking about what impacting labor markets and how that can affect real estate. In the food and beverage industry we’re seeing a massive shortage of workers. The question is, where did they all go? We saw in the most recent statistics for the past month a trend that has been underway for much of the past six months. In November, the US enterprise employment report shows that...

On today’s show we are talking about off-balance sheet financing. Increasingly, borrowers are seeking ways to hide their liabilities so as to appear financially stronger than they are in reality. This represents a growing risk to the economy and financial as our debt laden world sinks deeper into the abyss of rising interest rates. Let’s start with whether a liability needs to be disclosed on the...

On today’s show we are talking about what is happening in the world of energy. There are so many moving parts right now that it’s hard to make sense of what is going to happen to energy prices, and oil prices in particular.

On today’s show we are asking the question as to whether investing in a REIT is the same as investing in real estate? In order to answer that question we first need to unpack and define what a reit is . A real estate investment trust is a publicly traded fund that is generally registered to be traded on a public exchange like the nyse or the Toronto stock exchange, and subject to a number of regul...

On today’s show we are talking about the money supply and whether we would be better off with a fixed money supply such as when the dollar was on the gold standard. In a fixed money supply the economy cannot grow. In fact it is possible for commerce to be inhibited by a lack of money in the system. Back in the 1970’s the Italian Lira was dropping in value. That meant that the coins in circulation...

On today's show, I'm coming to you live on location at the Norris Ranch on the outskirts of Colorado Springs. This is an extraordinary property that formed part of a much larger cattle ranch, originally close to 20,000 acres.  --------------- Host: Victor Menasce email: podcast@victorjm.com

On today's show we are speaking with Joel Freidland. Joel is based in Chicago where he specializes in industrial space in the Chicago. Today's show is packed with statistics on the market and how to helps if you have multiple sources for capital. You can connect with Joel at britproperties.com. -------------- Host: Victor Menasce email: podcast@victorjm.com

Today is another AMA episode. Tony asks “I love your show and I wake up to your voice every morning. So much quality in a few minutes. My question is, given the changing market conditions, have you had to change your investment criteria? If so, how have you changed them? Are you willing to accept a lower rate of return?” ---------------- Host: Victor Menasce email: podcast@victorjm.com

Our book this month is called “Iceland’s Secret “ by Jared Bibler. Jared is an American who worked on Wall Street as an analyst and trader. In 2004 after several trips to Iceland, he fell in love with the country and eventually sought employment in finance. His first role in Iceland was developing software that was used for asset management. He was finding the software development role to be a bac...

On today’s show we are talking about what an inverted yield curve means for real estate investors. The yield curve is making headlines. The Wall Street Journal reports that the yield curve has not been this inverted since 1981 and 1981’s recession pushed unemployment rates even higher than the 2008 financial crisis. A yield curve inversion happens when short term rates are higher than long term ra...

How close is the US to a debt trap? We are all accustomed to thinking in linear terms. But exponential growth is all around us. Exponential systems grow without bound until they collapse. What is an exponential? It’s anything with compound growth. The only way for the collapse to be averted is for inflation to devalue the debt faster than the interest can accumulate. That makes it possible to issu...

On today’s show we are talking about central bank digital currency. This is the so-called digital dollar. Crypto currency started as a way to get transaction costs down to zero to enable micro-transactions online without the clearing costs of a Visa or Mastercard transaction. Now governments want to get into the game. There is a lot of opposition to digital currency from a privacy standpoint and r...

Keith is a repeat guest on the show. He hails all the way from Anchorage Alaska where he invests, and he is also the host of the Get Rich Education Podcast. He has several resources to share with you at getricheducation.com/course. --------------------- Host: Victor Menasce email: podcast@victorjm.com

Derek Dombeck is based in Wisconsin where he is the principal at a private lender specializing in residential investment and small multi-family properties. His foray into lending was an accidental path that resulted from the financial crisis that started in 2007. Derek also has two books he'd like to share with you. To connect with him and to get a copy of his books, send an email to derek@bestrei...

On today’s show we’re talking about affordable housing initiatives. It’s no secret that housing in many major cities like Toronto, San Francisco, Vancouver, Los Angeles is increasingly difficult to find, and highly unaffordable. In a free market, this is a function of supply and demand. Many of these cities have struggled with allowing new supply as a result of bureaucratic gridlock. Some homeowne...

On today’s show we are talking about how to choose a property management company. Property managers come in all shapes and sizes. There are those who have strong corporate systems and processes and are excellent at managing hundreds of units on a single property. Then there are those who specialize in managing third party properties but do not dedicate staff to a single property. A single property...

Can the silent tax solve our national debt problem? What is this silent tax I’m referring to? It’s inflation of course. The debasement of the currency has been used for centuries as a way of creating budgetary flexibility when governments have political desires that exceed the piggy bank. The ability to tax the population is limited by the tolerance of the population. Tax too little and you have i...

A lot has been said in very general terms about the looming energy crisis in Europe. Those of us who live in North America whether it’s the US or Canada simply have a hard time comprehending the scope of what is happening in Europe. I have family who live in Europe and on today’s show I’m going to put a personal connection to an energy bill. Most large apartment buildings in Italy have centralized...

On today’s show we’re going to ask a few questions about the spectacular collapse of FTX. A lot has been written about FTX in the past week. My goal is not to repeat what you might have already extracted from the Wall Street Journal, Bloomberg, or any of a host of outlets that have covered the story. The investigations will turn up numerous revelations in the coming weeks and months. One consequen...

George Ross is a repeat guest on the show. On today's show George is offering his perspective on Donald's bid for President. He knows the man perhaps as well as anyone having worked with him for over 47 years.  ------------- Host: Victor Menasce email: podcast@victorjm.com

Steve Rozenberg is based in Houston Texas where he flies 777 for a major airline, and he also invests in real estate. We discussed the mindset of a pilot and how it makes him a better real estate investor. You can learn more or connect with Steve at SteveRozernberg.com. ----------------- Host: Victor Menasce email: podcast@victorjm.com

Folks there are about six weeks remaining in 2022. I believe goal setting is a critical component of success. If you have not started planning for next year, you are probably going to start the year without a solid plan. If you’re planning in January, then you missed the starting gun. Every year, our team takes three days to plan the upcoming year. This year, we will be doing that work from Decemb...