The Real Estate Espresso Podcast

Our Book of the Month is called "$100M offers: How to make offers so good people feel stupid saying no." By Alex Hormozi The core of the book is based on the notion of making Value-Driven vs. Price-Driven Purchases You can grow your business by three axes, more customers, selling more value, and getting them to buy more often. The simplest way to increase the gap between price to value is by lower...

Today is another AMA episode (ask Me Anything). Today’s question comes from Carl in Austin. I’m looking at a mobile home park with quite a bit of vacancy and am wondering if its possible to put RV’s on those spaces. What are some of the considerations that I should be aware of? Carl, this is a great question. First of all, I’d like to address why I might be qualified to answer your question. I hap...

On today’s show we’re talking about the hidden taxes that result from printing money. Those who have studied history will know that any time you debase the currency by printing, it has the effect of destroying the fabric of a society. This has happened throughout history time and again. While the rate of inflation has been somewhat low over the past decade, we’ve been living with it. But we’ve als...

On today's show we're talking about how to ensure your construction site is 100%, perfectly level. The tools that surveyors use are also readily available and can save your project and save you money. You don't need to be a licensed surveyor to use them. We often use these tools to double check the work performed by a surveyor and ensure no mistakes are made.  -------------------- Host: Victo...

Jim Pfeifer is based in Columbus, Ohio. He has transitioned from being an active investor to being a passive investor. Today's show is a lesson in self awareness and how to design your own personal investing philosophy around your own strengths and weaknesses.  To learn more, connect with Jim at leftfieldinvestors.com. 

On today’s show we’re going to take a look at a day in the life of Victor. A number of you have asked questions about how I spend my day. So I’m going to outline my day, chosen at random. Today was not a fully typical day because it was US Thanksgiving which meant that our US team was out of the office and our Canadian team was still hard at work. But in essence, today was like any other day, fill...

Happy Thanksgiving to our US listeners. On today’s show we’re preparing for 2022. I find that towards the end of the year people often get an uneasy feeling that there are only a few weeks remaining in the year. Many of the goals that were set at the beginning of 2021 remain incomplete. You might be traveling home to visit family, unsure of how to answer the question – How has your year been? This...

On today’s show we’re talking about  the evolution of many cities. You will find pockets of development outside the urban core. These pockets are disconnected from each other in one very important respect. They don’t have city supplied utilities. The cost of extending roads, water, sewer, electricity, internet, gas can be incredibly high. You might have two similar sized properties with the s...

On today’s show we’re talking about how the pandemic is affecting business development. Business development relies heavily on personal interaction. Markets don’t buy, only people buy. Relationship building is a key component of business development in any industry. That’s particularly true in the world of real estate investing. We recently conducted a survey of approximately 400 members of our lo...

On today’s show we are talking about when to fire a consultant. You hire consultants for specific expertise in a narrow domain. These folks are supposed to be subject matter experts in their area. There can be upwards of twenty of these consultants involved in a major project. The consultants we most often associate with a project include Architectural Environmental Geotechnical Civil Wind Noise M...

Ken Gee is based in Cleveland Ohio. But his business today is focused in Northern and Central Florida where he buys and repositions apartments. Over the past several years, he has amassed a portfolio of approximately 2,000 units. On today's show we're talking about strategies that work in today's environment.  You can connect with Ken at kripartners.com. Download a copy of his free e-book on...

On today's show, I'm speaking with George about the impact of inflation on predicting the financial performance of a multi-family apartment project over a multi-year window. This has become more difficult since we've seen inflation jump to above 6% in the past few months. 

On today’s show we’re taking a deep look at the 1970’s inflation narrative and seeing if there are any history lessons for us. This past weekend, Treasury Secretary and former Federal Reserve Chair Janet Yellen was on PBS Face The Nation. The discussion centered around inflation.  Back in the 1970’s the politicians blamed the consumer for inflation. Politicians blamed union leaders for demand...

On today’s show we’re talking about rent growth. There are rising rents in many submarkets. For those who own their own home, they’re probably glad that their housing costs are fixed. We have seen near record setting price increases for single family homes in many major markets across the US. The fact is, you can’t have price increases in the housing market and then experience no effect in the ren...

Today's question comes from Vishal in Ottawa. He writes: "As you know I am long time listener and fan of your podcast. Earlier in previous episodes you have mentioned of the growing concern of price increase of natural gas due to various changing conditions. How do you perceive this in light of the information contained in this article in Forbes Magazine entitled Could U.S. Natural Gas Prices Cras...

Today's show is a look at some egregious abuses of the protections being afforded to residential occupants. All of the examples come from the State of New York. In the worst case, a homeowner who defaulted on his loan in 1998 and lost ownership of his home through the foreclosure process in 2000, was finally evicted 23 years later.  --------------- Host: Victor Menasce email: podcast@victorjm...

On today’s show we’re taking a closer look at the supply chain disruptions that are making headlines. The situation at the Port of Los Angeles has gotten worse, not better. There are currently approximately 110 ships waiting at anchor for a berth to unload their cargoes. There are other sea ports in the US. Why don’t these ships divert to other locations like Houston Texas, Tampa Florida, Savannah...

Kevin Shtofman is based in Dallas Texas. On today's show we're talking about the backlash against student housing as an asset class and how that backlash may be appropriate in some cases and an over-reaction in others.  You can connect with Kevin on LinkedIn.  --------------------- Host: Victor Menasce email: podcast@victorjm.com

Eddie Speed is a specialist in Notes. He started buying notes in the 1980's, and today is focused on a particular segment that is largely overlooked. You will love this contrarian strategy.  To learn more, visit noteschool.com/getstarted ----------------------- Host: Victor Menasce email: podcast@victorjm.com

Today’s show starts with a disclaimer. I’m not a lawyer and today’s show should not be construed as legal advice. Always seek advice from a lawyer who is competent in that specific area of the law. On today’s show we’re talking about something that I see frequently. It’s increasingly common to see sponsors of an investment opportunity to be marketing on the Internet or in social media. Many jurisd...

Today's question comes from Luc in Ottawa. He asks "I've just purchased my first investment property. I'm looking to grow. What should I be focusing on?" ------------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we are talking about a twist on a strategy that we have been using for close to a decade. If you have been listening to this podcast for a while, you will have heard me talking about the buy on the line, move the line strategy. This approach is an exceptionally good way of creating value in the market. What we mean by this strategy is to exploit the many dividing lines that emerge...

On today’s show we’re talking about another constraint in the world of real estate development and construction. The labor shortage that is making headlines is being experienced across the entire construction industry. That is particularly being felt in many of the support services that assist builders. Any construction site will require some basic services including safety fencing and portable to...

On today’s show we’re talking about managing your supply chain. There’s no question that some suppliers are having trouble keeping up with demand. Some channels are simply fully depleted. Almost all real estate investors at some point are buying construction materials, either directly, or indirectly through a subcontractor. When buying through a subcontractor, you often pay more because the subcon...

Sanchoy Das is a processor of Industrial Engineering at the New Jersey Institute of Technology. On today's show we're talking about global supply chains and how to manage the impact of disruptions. You can connect with Sanjoy at das@njit.adu.  -------------------- Host: Victor Menasce email: podcast@victorjm.com