The Real Estate Espresso Podcast

Today’s question comes from Vishal in Canada. Can we touch on the  flight of capital to US from Canada of wealthy families? If not, would you mind letting us know of what you think is happening and is it real or too far-fetched a possibility? Are you worried that we may come to a point where investments and wealthy family offices shy away from Canada? Your thoughts are always enlightening and...

On today’s show we’re talking about using data to drive business decisions. Perhaps the best company in the world for using data driven decision making is Amazon. But what do you do when the data exists? You’re hoping to try something new in the market that hasn’t been done before, or if it has been done, you don’t have access to the data because it’s proprietary? Well, it would make sense to run...

On todays show we’re answering a listener question that is a very common question. On today’s show rather than answering the question directly, this is the synopsis of a conversation that I had with this developer. I’m often approached by people who own land they would like to develop, or by those who want to operate a highly specialized event space for hosting wellness retreats. This listener is...

Today’s question comes from Adam. I’m looking to reposition a four unit apartment building. The construction budget is $60,000 and we have a quote from a contractor. Construction material and labor prices seem to be changing regularly. The building is currently vacant and the longer I wait, the larger the negative cashflow will eat into the viability of the project. The property is a C-Class prope...

On today’s show we’re taking a look at markets that operate purely like their functioning primary markets, and comparing them with the secondary markets. Primary markets are essentially what it sounds like. If you want to buy tomatoes, you go to the farmer’s market and you buy tomatoes for dinner, and the price for tomatoes is the price you pay. This is a simple primary market. Many markets operat...

Addam Hooper is the CEO and founder of RealCrowd.com. On today's show we're talking about multiple product offers being managed before you have a failure of complexity.  To connect with Adam, reach out at info@realcrowd.com or visit realcrowd.com -------------------- Host: Victor Menasce email: podcast@victorjm.com

Ryan Webster is based in Iowa, but invests in several stable markets of the South East. You can connect with Ryan at EquityYieldGroup.com ------------------------ Podcast: Victor Menasce email: info@victorjm.com

On today’s show we’re talking about pragmatism. It’s easy as real estate investors to be idealistic and come up with solutions that are innovative and best in class. On today’s show we’re talking about a number of examples where complexity, or cost often force a simpler solution. For our first example, we are talking about a commercial property that will house a restaurant. In commercial applicati...

On today’s show we are talking about how interest rates are going up. It’s pretty clear that rates need to increase, but not for the reason that the central banks are publicly stating. The window continues for you to acquire debt under favourable terms. But that will not last forever. --------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we’re talking about security. We all know that thefts can and do happen all over the country with alarming regularity. Sometimes, the thief gets caught in the act. But that’s pretty rare. A smart thief is pretty adept at doing their business when people are not looking. So we have learned to invest in security systems. Cameras can be one of the best tools in seeing what happens. Bu...

On the first day of each month we review the book of the month. In order to be considered for book of the month, a book has to meet a simple criteria. It has to be impactful enough to change your life or your perspective on the world.  Our book this month is "Traction" by Gino Wickman. This book is an operating system for your business. We have been using it at the core of our business for tw...

Investors love things to be predictable. They want their investments to deliver above average returns with the safety and predictability of a government bond. But then the world experienced a pandemic, followed by a deluge of printed money, followed by supply chain shortages, followed by inflation, followed by labor shortages, followed by an unprovoked war in Europe by an imperialistic dictator. W...

Omar Khan is based in the Toronto suburb of Mississauga where he invests in commercial real estate in Hamilton, Ontario. The greater Toronto area remains one of the fastest growing communities in North America and affordability is driving people to the extremities. To learn more, connect with Omar at Omar@thetatradingco.com. ----------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we are putting aside the usual weekend interview to talk about world events. This is not a political show, and I don’t intend to turn it into a political show. But it’s an important moment in world history and I feel like I need to say what is on my heart. We are witnessing war on the European continent involving an imperialistic power for the first time since the 1960’s. War is ha...

On today’s show we’re talking about doing business with people who are not real. We had a recent interaction with a seller who turned out to be a liar. Sadly, these situations exist with alarming regularity. The property in question was based in Houston. Since we are in Texas, we will call the Seller Bubba. I’m instantly suspicious when someone is using a gmail address or a Hotmail address. When t...

On today’s show we’re talking about predictions. Predictions are rare for me. I don’t make them often. When I do, it’s because the data is clearly pointing to something that I can see that may not be obvious. Earlier this year on January 4, I predicted that the pandemic as we know it would end by the end of February in North America and Western Europe. I also predicted that oil would hit $100 a ba...

On today’s show we’re going through the thinking process of how to assess whether you are evaluating a viable project or not. This was a property that we got under contract because it looked like it had potential at first. In this case we were presented with the opportunity to convert an assisted living project in Utah. The facility lost its operating license and our analysis is that assisted livi...

On today’s show we are talking about stress. The dictionary defines stress as “a state of mental or emotional strain or tension resulting from adverse or very demanding circumstances.” I personally find that definition to be rather useless. Using a related word, or a synonym to describe a word is not very helpful. So I have developed my own practical definition which I think is more useful. "Stres...

Today’s show is a commentary on the highly publicized Freedom Convoy protests that have gripped my home city of Ottawa Canada for the last 23 days. What I’m reporting is my own opinion based on my own observations and from first hand conversations that I have had with people who have attended the protest. In our culture we seem to have a need to simplify and reduce issues to a binary choice. You a...

Steve Beattie is the founder of Breathing in Nature. It sounds strange to say it, but Steve will teach you how to breath. Today's show is not about real estate, but how you can access you own internal faculties to achieve higher performance and greater health. Steve is a certified Wim Hof method trainer. Wim has become famous for breaking numerous world records for sitting in ice baths for hours a...

Scott Meyers is a specialist in storage on a national basis. Not only is he an investor, he is an educator as well.  You can connect with Scott and learn more at selfstorageinvesting.com ------------------ Host: Victor Menasce email: podcast@victorjm.com

Hi Victor, How does an investor or property owner identify the best use and development potential or highest long-term cash flow opportunity for a particular property? Last year, we purchased a 2 acre piece of land with over 400 feet of commercial road frontage in one of the fastest growing areas in the country. Comps in the area show anywhere from $8.00 per sq foot (for vacant parcels with less r...

On today’s show I’m going to share what I learned in my meeting with the Mayor. This was a quick trip down to Lake Charles Louisiana for the sole purpose of having lunch with Mayor Nic Hunter and the City Administrator. Three other team members came to the meeting from Dallas and Houston. We had two bankers travel several hours from Baton Rouge and New Orleans. This one hour lunch meeting involved...

Today’s question comes from Aaron in Dallas I’m 32 years old and currently working as a physician assistant in the emergency room, but I have been wanting to do real estate investing full-time for the past three years. I have saved a few hundred thousand and want to invest it real estate and be an active full time investor however I know that a lot of this industry takes experience since deals are...

On today’s show we’re talking about overshoot. Overshoot is a phenomenon that exists in all kinds of systems. Overshoot exists in physics. Overshoot exists in individual behaviour. Overshoot therefore exists in markets. What is this overshoot that we’re talking about? Imagine if you were driving down the highway at high speed and the sign for your turnoff was only visible after your exit. Most peo...