The Real Estate Espresso Podcast

Allison Williams is a lender with walkerdunlop.com. On today's show we are talking about financing for multi-family apartment assets. Today's points are timely and top of mind for many investors.  --------------- host: Victor Menasce email: podcast@victorjm.com

Mikkel Thorup is based in Panama City, Panama where he helps people find a plan B residency in favorable locations. Many countries have programs that enable accelerated residency with investment in the country. You can learn more and connect with Mikkel at expatmoney.com. He is going to be hosting a five day conference in early November which you can attend for free. To learn more about the summit...

For the past several weeks we have been focusing on macro economic conditions. It seems that all markets, the stock market, the bond market, and real estate are being dominated by the macro environment. Traditionally, we think of real estate as hyper local, and it is. A piece of waterfront property is going to be valued differently than the same acreage two blocks inland. But still the macro envir...

On today’s show we are talking about three different scenarios of central bank monetary policy and how that could impact the world of stocks, bonds, and real estate. I believe it’s important for investors to be able to have intelligent conversations with each other. We are all investors. I know very few investors that invest exclusively in a single asset class. The question then becomes what is th...

On today’s show we are taking a look at the the impact of the falling Euro on US real estate. A recent report by brokerage house Marcus and Millichap looks specifically at this question. The Euro has fallen by more than 15% this year reaching a more than 20 year low in September. Governments make decisions to be stimulative to the economy, or constrictive. In the US, the Federal Reserve is suppose...

On today’s show we are taking another look energy markets and how energy costs affect the price of virtually everything. I’m completely in favour of the idea of transitioning from burning oil, gas, biomass and coal to cleaner forms of energy. In the US there are still over 1,000 active coal mines. This is approximately half of the number of coal mines that were in operation in the year 2000. If yo...

Real Estate values are often driven by influx of job and influx of population. On today’s show we’re talking about the semiconductor industry and the $52B injection of funds that are wrapped up in the CHIPS act. This 1054 page document is filled with goodies for the tech industry. The recent export ban on advanced semiconductor manufacturing equipment and technology is aimed at slowing China’s asc...

Amy Johnson is a partner with Y Street Capital and is based in Salt Lake City, Utah where she specializes in development in multiple cities across the US. On today's show we are talking about the relationship between the developer and city officials and how the reality differs from the utopian view of simply following the planning and zoning rules.  --------------- Host: Victor Menasce email:...

Today's show is a live talk given earlier this week at the Ottawa Real Estate Investors Organization. We are talking about what you need to do as an investor to prepare for what's coming.  -------------- Host: Victor Menasce email: podcast@victorjm.com

Buckle up folks. I know this is starting to sound repetitive. But interest rates are heading higher, whether we like it or not. Our industry is incredibly interest rate sensitive, and the cost of capital is going higher. There are several inflation metrics published by various government departments. There is the consumer price index, the producer price index, the core CPI metric which is basicall...

On today’s show we are talking about the market for sovereign debt and what it means for investors. We have a severe interest rate inversion where short term interest rates are higher than long term rates. The obvious question is “Why is that a problem?” If you think about what a market interest rate says to investors, it communicates a perception of risk. In a natural environment it stands to rea...

On today's show we are looking at what is happening in the office market in San Francisco as a proxy for what might be happening elsewhere in the asset class. Spoiler alert: It's not pretty.  ---------------- Host: Victor Menasce email: podcast@victorjm.com

The velocity of money tends to decline in highly indebted economies. The UK is currently one of those places that tried to use debt financing to restimulate economic growth. Instead, all they got was burnt toast, and you can’t unburn toast once it’s burnt. Let’s step through a chronology of what has happened in the past two weeks in the UK and break down why this could have a cascade effect into g...

When you design a building, the goal is often to ensure you are meeting the building code. After all, the building code was developed with health and safety has primary goals. In the world of senior housing, the building code is not nearly enough. On today’s show we’re talking about how each second of every day in the United States, an older adult has a fall. So, for each step we take, someone age...

Patrick Soukup is an investor based in Fort Collins Colorado where he has a brokerage, a property management practice and a portfolio of single family and 1-4 unit rentals. Today's conversation is a refreshing take on how to generate cash flow using dollar cost averaging and conservative underwriting. To connect with Patrick you can find him on Instagram using his name. ---------------- Host: Vict...

Billy Keels is based in Barcelona, Spain where he lives with his family. Originally from the US, he continues to invest in the US. Billy is the host of the Going Long podcast. You can connect with Billy and learn more at firstgencp.com --------- Host: Victor Menasce email: podcast@victorjm.com

The inflation metric is dominating today’s central bank policy which in turn is dominating the cost of capital as interest rates increase. The Federal Reserve is committed to raising interest rates until they suppress demand enough to see core CPI metrics average 2%, their stated target. On yesterday’s show we discussed how the health care component of the CPI metric is calculated. On today’s show...

On today’s show we are taking a look at the inflation index that is being used to determine interest rate policy. We live in a strange time right now where the Fed considers economic growth to be against their objective of taming inflation. What’s normally good is bad, and what is bad is good. The largest component of the Core CPI metric that the Federal Reserve uses to measure inflation is housin...

On today’s show we’re taking a look at the aftermath of Hurricane Ian, a week after the event cut a path of destruction across the middle of Florida. I have spoken with several people I know in Florida who own property there and have recounted their experience in that harrowing day. Beyond the immediate aftermath of the storm, and helping those who have lost their homes, the biggest question is on...

On today’s show we’re talking about staff retention and how to address the staffing shortage that is plaguing many industries. Nowhere is worker burnout being felt more acutely than in the healthcare arena. Whether we are talking about acute care that you would see in a hospital setting, or more chronic care like you would see in assisted living skilled nursing, worker burnout is a major issue. Ma...

The Grand Banks is a continental shelf off the coast of Newfoundland that has centuries of abundant fishing in its history. The cold Labrador current mixes with the warm water of the Gulf Stream. The water depth varies between 50 feet and 300 feet, very shallow considering the distance from shore. The mixing of these two ocean currents and the shape of the bottom lifts nutrients to the surface. Th...

Kathy Fettke hosts the Real Wealth Show and Real Estate News and a new show on Bigger Pockets called "On the Market". She is co-owner of the Real Wealth Network and has been investing in portfolios of homes for more than 20 years. To connect with Kathy, visit realwealth.com. ------------- Host: Victor Menasce email: podcast@victorjm.com

Our book this month is by Peter Thiel, founder of Paypal, Silicon Valley entrepreneur and venture capitalist. For a business leader to have success in one company is rare, but multiple home runs is truly rarified air. So I had to read his book and learn from him.  --------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we are talking about the crisis of confidence in an entire nation. The UK might go down in history as a case study in how not to handle a period of financial turmoil. I am not one to dive into the political fray and point fingers at politicians. But this one was so egregious that it needs to serve as a cautionary tale to investors about what can happen when ignorant people are put...

On today’s show we are talking about how to prepare for a major storm event and equally important what to do in the aftermath of the storm even if you do not experience storm damage or flooding. As we are recording today’s show, hurricane Ian has ravaged the western part of Cuba and is scheduled to make landfall on the west coast of Florida. About 2.5 million people are under mandatory evacuation...