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Your morning shot of what's new in the world of real estate investing. Daily real estate investment outlook from investor, syndicator, developer and author Victor J. Menasce, so that you can compress timeframes as a real estate investor or developer. Weekday shows are 5 minutes of high energy, high impact awesomeness. The weekend edition consists of interviews with notable guests including Robert Kiyosaki, Robert Helms, Peter Schiff, Chris Martenson, Mark Victor Hansen, George Ross, Ed Griff ...
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Welcome to the Jas Takhar Podcast (Formally The REC Experience Podcast). In an energizing show, Host, Jas Takhar, speaks to business leaders such as Gary Vaynerchuk, Bob Proctor, Patrick Bet-David, Manjit Minhas, and Robert Kiyosaki, who provide their best practices, strategies, tips, and mistakes all with the hope of inspiring you to take control of your own journey. Through our interviews with real estate experts, round table discussions with like-minded businesspersons and in-depth discus ...
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On today’s show we are talking about the commodities super cycle. We often hear those words, but what do they actually mean? What does this mean for real estate investors? I’ve witnessed the shocking price increase of copper wire. Six gauge wire is used in high load applications like stoves and clothes dryers, AC units, hot tubs and EV chargers. I’…
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The United Auto Workers didn’t get the memo. Jerome Powell wants to stamp out any possibility of a wage price spiral. The auto industry is in the middle of an escalating strike as the United Auto Workers are fighting for a catch up on the concessions delivered when all of the major US auto makers were on the verge of bankruptcy in the wake of the 2…
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On today show we’re taking a look at how insurance is affecting choices in design. Why are some insurers are exiting geographic areas entirely. What does this mean for owners of real estate in those locations? Insurance is both optional and essential depending on your circumstances. If you were ultra wealthy, then you can self in sure. However, For…
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Real estate investors generally don’t care about short-term interest rates. The short term rates affect the cost of capital for bridge financing where those loans are indexed to the secure overnight funds rate. Short term debt can be replaced with permanent financing. I really painful increase in borrowing costs is tied to long-term interest rates.…
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Aesops Fables are classics credited to Aesop, a slave in ancient Greece. The stories date back to a time between 620 and 540 BCE with each story containing a life lesson. We are starting today’s episode with a fable called "The Ant and the Grasshopper.” -------------- Host: Victor Menasce email: podcast@victorjm.com…
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Josh Lessard is the research engine behind George Gammon and the Rebel Capitalist Show. On today's show we are talking about Josh's journey to becoming a central figure in the Rebel Capitalist team when he was just emerging from high school. To learn more from Josh, check out the Rebel Capitalist show on Youtube. -------------------- Host: Victor M…
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Scott Smith is based in Austin Texas where his law practice specializes in asset protection and insurance litigation. On today's show we are talking about structures to protect assets and create resilience from the many threats to your wealth. To connect and to learn more, visit royallegalsolutions.com -------------- Host: Victor Menasce email: pod…
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Robert asks - “Most successful people have mentors. Who are your mentors?” This is such a great question. In fact I’m struck by the fact that in five and a half years producing a daily show, this topic has not come up before now. I’ve had a number of mentors over the years. They date back to my days when I was in the tech industry. I believe it is …
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On today’s show we are examining the latest Federal Reserve announcement and trying to make sense out of it for real estate investors. We’re looking at what was said, the underlying assumptions, and what the likely decision points will be. When asked if a soft landing was now a baseline expectation, Powell said “No, No” he wouldn't go that far. At …
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On today’s show we are looking at a new report on The Evolution of Work from Home published by three authors: Jose Maria Barrero, from the Instituto Tecnológico Autónomo de México Nicholas Bloom University of Chicago Booth School of Business and Hoover Institution & Steven J. Davis from Stanford University This 29 page paper has been in circulation…
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On today's show we are talking about a new development project in Spokane. We believe it's important to design products that are differentiated in the market. We will be hosting a webinar on September 19 and would invite you to attend. To register for the webinar, click on the link below. If you can't attend at the specific time, we will send you a…
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On today’s show we are talking about buildings that are built so fast that they cannot possibly be structurally sound. Guess what? They’re not. These buildings have been called Tofu Dreg buildings. It’s not unusual in China to see 30 story buildings being erected in a fraction of the time we see in North America. Sometimes in only a couple of month…
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Kent Ritter is based in Indianapolis where he has built a portfolio of multifamily apartments. His firm Hudson investing is undertaking its first development project in a suburb or Indianapolis and on today's show we are talking about the transition to new development and some of the nuances of making that shift. You can connect with Kent at kentri…
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Ben Fraser is based in Kansas City and is involved in multiple asset classes. On today's show we're talking about industrial and understanding some of the nuances of that segment. To connect with Ben and to learn more, visit aspenfunds.us ----------------- Host: Victor Menasce email: podcast@victorjm.com…
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On today’s show we are looking at a headline article in the WSJ. The topic is banking. Think about it. Every bank’s risk management department would have stress tested the existing loan portfolio. They would have looked at the maturity dates of each loan, and forecast what would happen to those loans if they were refinanced at today’s rates. We hav…
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On today’s show, we are talking about some of the dynamics that are showing up in the small investor segment of the real estate market. We are starting to see anecdotal boots on the ground evidence of properties being offered for sale that in my opinion are experiencing negative cash flow. In many major cities a small but significant percentage of …
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On today's show we are going to talk about the world of exempt market securities. But before we do, then let me make it clear. I am not a lawyer, nor am I a securities lawyer. The purpose of today’s show is not to provide legal advice, but merely to arm you with perhaps enough knowledge to ask questions of your legal advisory team. The reason we ar…
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On today’s show we are talking about the difference between two types of inflation. Economists have terminology for inflation that is used to describe the nature of the inflation. The first is cyclical inflation. This type of inflation is caused by a short term economic disruption, for example a supply shock. Once that supply shortage is resolved, …
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On today's show we’re taking a look at the big picture of the housing market in both the United States and Canada and asking the simple question. Is this a healthy housing market? If so, then why and if not, why not? -------------- Host: Victor Menasce email: podcast@victorjm.com
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Ross Hamilton is the founder of Connected Investor, which was sold to First American Title a little over a year ago. On today's show we are talking about some of the technology innovations that are coming to the world of real estate transactions. To connect with Ross, you can email him directly at ross@successcap.com. His charity is savinghomes.org…
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Scott Carson is based in Austin Texas where he specializes in purchasing and repairing distressed loans from banks and commercial lenders. Scott is a real experr in the field and he shares some insights as to what is happening in the market today. To learn more or to connect with Scott, visit weclosenotes.com or talkwithscottcarson.com. -----------…
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With tax deadlines coming up and only a few months remaining in the year, we are getting a lot of tax related questions at our development company Y Street Capital. These questions are often coming from prospective investors who are looking at our investment offerings. As always, we don’t offer tax advice. Most importantly, we advise our investors …
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Real Estate Espresso
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AMA - Is Canada's Real Estate Heading For Trouble?
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Today's question comes from David who writes: Thank you for all the education you provide daily! It’s clear and concise and relevant and much appreciated. In talking with a Canadian associate this weekend I was informed that Canada doesn’t offer 30 year fixed financing like in the States. I never knew this! In talking with another Canadian today we…
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On today’s show, we are putting some of the global financial risks on your radar that is not getting any air play in the news. If you have been a listener to this podcast for a while, it should be clear that we are in the throes of a global economic downturn. However, the manifestation of that is not identical on every single continent. There are t…
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This question comes from Ravi who writes: I have been a long time listener of your prodcast. In fact I won a signed book a few years ago. I have a lot of respect for you and was hoping to get your opinion regarding the build to rent investment thesis. I have considered investing through a company called Southern Impression homes. I was not sure if …
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Today is another AMA episode (Ask Me Anything) Jay writes: I recently bought a lot in a subdivision. Where do I find out what the developer has agreed to do exactly for the infrastructure? I already discovered a public access walk path that is graveled and the plot said it’s supposed to be paved. Where can I go to get details of what is supposed to…
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Angie Stauffer is based in Gilbert Arizona where she is a senior executive with YRefy. The company helps student loan borrowers in distress with loan modifications. These loans cannot be forgiven through personal bankruptcy. By lowering the interest rate and extending the amortization period, the company gives the borrower a realistic and affordabl…
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Robby Butler recently joined our real estate development team. On today's show you're going to get a chance to meet him for the first time. You can reach him directly at robby.butler@ystreetcapital.com ------------- Host: Victor Menasce email: podcast@victorjm.com
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Real Estate Espresso
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BOM - Building an Elite Organization by Don Wenner
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In his book "Building an Elite Organization", Don Wenner, the CEO of DLP Real Estate Capital, documents some of the principles that he has used to grow his company and has earned the honor of being on the Inc 5000 fastest growing company list for 8 years consecutively. Many of the ideas in the book are echo’s from other works. Jim Collins, the auth…
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Today is another AMA episide (Ask Me Anything). Michael writes: "Hey Victor, I have been investing in multifamily properties for over a decade, mostly in smaller deals but a few in the $1M to $2M range. I've been encouraged to do cost seg studies many times over the years and cannot get the math to pencil out. As an actuary by trade, I have a high …
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Real Estate Espresso
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AMA - How Are Guests Selected For The Podcast?
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Today's question comes from Robert who askes: What is your criteria for selecting guests who appear on the weekend edition? How do you vet podcast guests for your show? ------------------ Host: Victor Menasce email: podcast@victorjm.com
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On today’s show we are talking about what is happening in the economy. There is a narrative of bumpy landing, to a soft landing, and now more recently, no landing. It seems as if the market is convinced that the US economy is strong and is going to emerge from this deceleration into recovery. The stock market is booming which quite frankly is delus…
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Today's question comes from Tracy who writes: I am a developer/builder in Eastern Washington State. I have beenin talks for months with a regional bank for a new apartment building. We have satisfied all the preliminary requirements to be pre-approved. Recently, we went for final loan approval for the project and the bank came back with the determi…
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Scott Choppin is based in Southern California. His company specializes in purpose built urban townhouses for rent. On today's show we are talking about the challenges and merits of building in California. He publishes a weekly article on Substack called "The Real Signal". You can also connect with Scott on Twitter @ScottChoppin. ----------------- H…
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Tim Milazzo is based in New Smyrna Beach, Florida where he is the founder and CEO of StackSource. The company focuses on driving transparency into the borrowing process for commercial real estate borrowers. To find out more, visit stacksource.com --------------- Host: Victor Menasce email: podcast@victorjm.com…
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Today is another AMA episode (Ask Me Anything). Rueben asks: Can you suggest a good program for helping me build out my budget for a new single family 1500 sq. ft. construction? ------------ Host: Victor Menasce email: podcast@victorjm.com
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On today’s show we’re talking about demographics and policy. In Canada, our fertility rate is 1.48. We’re not making enough babies to maintain population. Like most western economies, fertility rates are below the 2.1 required to maintain population constant. The US is at 1.64 Italy is at 1.24 China is at 1.09 So countries with low fertility and ri…
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Today’s question comes from Paul, who asks: I have a multi family apartment project that is currently up for renewal of its insurance policy. I have a quote for new insurance, but I’m having a difficult time, assessing whether the insurance being quoted is going to leave me over insured or under insured. I would like to have replacement cost insura…
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Real Estate Espresso
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What is Really Happening in the Chinese Economy?
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On today’s show we are taking a look at the economy in China. China is the world’s second largest economy and it is the most systemically important from a consumer perspective. China is the factory of the world, at least for now. As China’s industrial sector boomed over the past 40 years. People moved from the farms into the cities in order to work…
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As many of you are aware, the real estate development company that I’m a partner in is building several projects. On today’s show, I’m going to give you an update on the Norris Ranch project in Colorado Springs. It’s been about ten months since we closed on the purchase of this iconic property. While our investors get regular updates, we know that …
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Real Estate Espresso
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Market Advantage for Fund Managers with Ken Gee
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Ken Gee is based in Cleveland Ohio and he invests in multi-family assets. On today's show we are talking about the merits of a fund model versus syndicating individual deals. To connect with Ken and to learn more, visit kripartners.com ------------ Host: Victor Menasce email: podast@victorjm.com
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Kevin Amolsch is based in Denver Colorado where he runs The Pine Financial Group. They're a private lender with $130M in assets under management. To connect or to learn more, visit https://pinefinancialgroup.com/ or visit https://thepinereport.com/ to get a copy of their latest report on lending in the current environment.…
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The mainstream media continue to push the narrative that the US and Canadian economies are strong. Unemployment is low and the service sector of the economy is doing great. This is what is driving the soft landing hypothesis. But what is being overlooked is the economic headwind that is about to hit the US economy The US government is low on tax re…
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On today’s show we are talking about the process for getting properties rezoned. The subject of today’s show is a three parcel land assembly in my home city of Ottawa Canada. At the start of the planning committee meeting there were no less than six projects being reviewed. Several that had contentious elements were held for further discussion afte…
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Allan Asks: Hi Victor, Thank you again for your excellent content and insight. There is so much of a “punch” packed into a small amount just like an espresso. Hopefully this isn’t an obvious question and worth your time to answer but how do you stay up to date finding books that will be Books of the month? Is there any particular strategy to stayin…
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On today’s show we are taking a look at what can happen when politicians print too much money. The US, Japan, Canada, the UK, and Europe, China and many others are all at risk of becoming financially unstable. Argentina has a history of being fiscally irresponsible. The country has debased the currency a lot over the past two centuries. The country…
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Today’s question is actually two listener questions, both of whom have described very similar situations. JR got plat approval and paid a contractor called straight edge for the horizontal development. That work consists of the road paving, and the infrastructure that is buried in the ground. Straight edge went bankrupt and never paid the paving bi…
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Susan King is based in Chicago where she works with HED, a major national architectural design firm. On today's show we are talking about architecture and how it applies to design of affordable housing. To connect with Susan, visit HED.design or connect with her on LinkedIn at https://www.linkedin.com/in/susan-king-faia-leed-ap-bd-c-lfa-0057b45/ --…
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We hear about all of the risks in the current market environment. But we rarely hear ideas on what you can do to find opportunity in the current conditions. Today's talk was recorded at the 2023 Investor Summit. ---------------- Host: Victor Menasce email: podcast@victorjm.com
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Real Estate Espresso
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A Globally Synchronized Deflationary Recession
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One of the goals of this show is to help you connect the dots on what is happening in the economy. Today’s show is not strictly about real estate. However, we have seen central banks in the US, Canada, Europe, and the UK all raising interest rates to combat inflation. On today’s show I’m going to share some data with you that hopefully will convinc…
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