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Episode 5: Tony Correia on Current Market Conditions
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Tony Correia is the preeminent real estate appraiser in the California wine industry. Tony grew up in farming in the Fresno area and has worked in and around agriculture most of his career (except when he was a spy – we’ll cover that in another podcast). Carol and Tony talk about his career and profession, but also about how the Federal Reserve rate hikes and problems at key industry lenders are affecting the market, from deal flow to, potentially, valuations (cue the dramatic music).
Hey Small Fortune Listeners, we have struggled with some audio problems that were hard to get a handle on, we believe we have largely solved the problems with Episode #5, this great talk with Tony Correia. Smooth sailing (fingers crossed) from here on out. We hope you’ll keep listening!
Here’s a good explainer on how “cap rates”, which Tony and Carol discuss, are used in real estate appraisals:
https://www.jpmorgan.com/insights/real-estate/commercial-term-lending/cap-rates-explained
https://www.investopedia.com/terms/c/capitalizationrate.asp
For more information on Tony’s appraisal company: https://correiaco.com/index.html
Credits:
Logo photography: John Corcoran
Music: Nate Collison
Questions? Comments? E-mail us at smallfortunepodcast@gmail.com
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