The Real Estate Espresso Podcast

On today’s show we’re talking about market psychology. There are two principal emotions that drive investment decisions, fear and greed. Fear and greed usually sit at opposite ends of the spectrum when it comes to decision making. Greed propels people forward. Fear usually holds people back when making investment decisions. If you’ve been listening to this show for a while, you’ll know that I’m a...

Russia took a clever step last week to evade global sanctions, by attempting to peg its currency to gold.  Starting this week, the Russian central bank will pay a fixed price of 5,000 roubles ($52) per gram between March 28 and June 30, the bank said on Friday. This is below the current market value of around $68.  Economic sanctions have rarely worked in changing behaviour of government...

Bascal Korkis hails from Tampa Florida where he specializes in in-fill redevelopment. On today's show we're talking about the application of Web 3.0 technologies to real estate. To connect with Bascal, you can find him on social media and at korcf.com ------------------- Host: Victor Menasce email: podcast@victorjm.com

Josh is based in Fort Lauderdale where he is part of the investor relations team for legacy-group.co. The company has invested heavily in Columbia where they are currently the #2 producer of specialty coffee in the nation with over 5,000 acres of coffee plantation under management. To connect with Josh, visit their website at legacy-group.co or email directly at investor.relations@legacy-group.co...

Our book this month is by famed hedge fund manager Ray Dalio. His observation is that every major surprise in market conditions had not been witnessed in his career as a trader on the floor of the NY Stock Exchange, nor had it been witnessed at any time before in his career. But that doesn’t mean it was a first time event. If you bother to look back through history, these same events have occurred...

On today’s show we’re talking about a new report from commercial brokerage house CBRE on the state of cap rates across the United States. It comes as no surprise that cap rates have been compressing. Everyone knows that there is too much money in the system chasing yield. ---------------- Host: Victor Menasce email: podcast@victorjm.com

Today’s question comes from Gonzalo in NYC First I’d like to thank you for all your insight and knowledge you share on your podcast and in your book. It’s both informative and inspiring. I exited a bridge loan 2 years ago in the middle of the pandemic. Because of the pandemic, one of the banks requirements was to hold a cash reserve of $110k. I agreed with the understanding that the funds would be...

Today’s question comes from Wayne in Mississippi I’m observing that the share prices for national home builders like DR Horton and Lennar are both down 29% and 28.5% respectively from their highs in December. Both companies are competitors and their stock prices seem to be tracking one another. They’re both well managed companies with a strong pipeline. What is behind the share price drop? What do...

On today’s show we are taking a look at what might be a looming crisis in health care. For years, many states have been facing a nursing shortage and it is only expected to get worse. It is predicted that the United States will need another 203,700 new RNs every year until 2026 to fill openings over the next few years.  According to a new study, fully one third of nurses plan to quit their jo...

On today's show we're discussing the parallels with the expansionist violence the world witnessed from 1939-1945. George was a teenager at that time and joined the army at the end of the war. Some investors have used the recent invasion of the Ukraine to pause their investment strategy as a result of the elevated uncertainty caused by the war. George offers his perspective.  -----------------...

Our guest this weekend is Arleen Garza from San Antonio. On today's show we're talking about the evolution from C-Class to B-Class to A-Class and most recently development. Love hearing about this journey to connect with Arleen, visit ReepEquity.com -------------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we’re talking about an issue that surfaced after closing on a parcel of land. What we have experienced can happen on virtually any property, anywhere. Today’s show is being shared to help you strengthen your due diligence. ---------------- Host: Victor Menasce email: podcast@victorjm.com

On today's show we're talking about a generic, nondescript townhouse selling for $191,000 above asking price in multiple offers. This is not a unique property, but yet the mismatch between demand and supply. How do we as developers make sense of market valuation as we plan for future market pricing upon completion of projects? Will seller's market conditions continue? For how long? What will be th...

On today’s show we’re talking about the risks of community opposition in a development project. Sometimes these stories are so outlandish that I have to share them with you. The project in question is located at 450 O’Farrell Street in San Francisco. The development team behind the derailed group housing project in San Francisco’s Tenderloin district is suing the San Francisco Board of Supervisors...

On today’s show we are talking about when to take your chips off the table. We have seen a significant run up in prices over the past two years. The upward pressure seemingly has no end in sight. Yet we know intuitively and as students of history that the party is likely to come to an end. Will there be better purchase prices in the future? It’s hard to say. There is a school of thought that says...

Many cities are looking hard at how to regulate vacant properties. On today's show we're looking at the issues related to this type of government initiative. ------------------- Host: Victor Menasce email: podcast@victorjm.com

Daniel Apke is based in Tampa Florida where he focuses on acquiring land on a large scale in multiple states. On today's show we're talking about the systems that David uses to conduct a high volume of acquisitions.  To connect with David and to learn more, visit landinvestingonline.com. ----------------- Host: Victor Menasce email: podcast@victorjm.com

On today's show we're coming from a live event at the Real Estate Guys Secrets of Successful Syndication conference in Dallas.  ------------ Host: Victor Menasce email: podcast@victorjm.com

On today’s show we’re talking about open banking. If you’re in the banking industry and you’re part of their software development teams, you know all about open banking. But if you’re just a bank customer, you probably have not heard about this. Open banking is a set of protocols and application programming interfaces that allow for third party financial technology companies to interface to custom...

There is no question that interest rates are going to rise. If you have refinanced since the beginning of the year, you have already experienced this. The bank of Canada has raised interest rates already by 0.25% in the past month and the US federal reserve announced a 0.25% increase on Wednesday. This is the first rate increase since 2018. The question is, what is the real economic situation and...

On today’s show we are talking about the world reserve currency. The USD became the world reserve currency in the wake of the Second World War with the international treaty signed in the mountains of New Hampshire called the Bretton Woods accord. This three week conference had 730 delegates from the 44 allied nations in 1944. It established the rules for international movement of money. At the tim...

The pandemic has challenged a lot of assumptions about both markets and demographics. We used to assume that school enrollment would remain stable according to demographics, and would continue to grow if population was growing. But even as the pandemic is clearly winding down, we are seeing school enrollments fall in many parts of the country. Remote online learning has been very hard on children....

On today’s show we’re talking market distortions, inflation, and the coming recession. The headwaters of a recession can be found in a cycle of inventory hoarding. So on today’s show we’re going to look and see if the conditions exist for inventory hoarding or not. On March 7 we talked about derivative markets and the impact that they can have on the real value of the underlying assets. We talked...

On today's show, we're in front of a live audience at The Real Estate Guys Secrets of Successful Syndication Conference in Dallas. Today's talk is a case study on the value multiplier that can be possible with the combination of annexation and entitlement.  -------------- Host: Victor Menasce email: podcast@victorjm.com

Josh McCallen is the CEO of Accountable Equity, the owner of the Renault Winery and a new property located on Kent Island, a few minutes from Annapolis Maryland. Josh and his team specialize in renovating resort properties and transforming them. His track record includes beach front resorts, hotels, and most recently, properties that cater to weddings and special events. To learn more visit accoun...