Welcome to The Real Estate Espresso Podcast, your morning shot of what's new in the world of real estate investing. Join investor, syndicator, developer, and author Victor J. Menasce as he shares his daily real estate investment outlook. Our weekday episodes deliver 5 minutes of high-energy, high-impact content to fuel your success. Plus, don't miss our weekend editions featuring exclusive interviews with renowned guests such as Robert Kiyosaki, Robert Helms, Peter Schiff, and more.
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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 solving the needs of aging population. As parents age, some families resort to independent living, maybe assisted living, professionally managed institutions. These are quite expensive and not everyone can afford this. In fact, there is a huge percentage of the population who can’t afford senior housing. For man…
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Yes, you read that correctly. Today’s show is a deep dive into a due diligence item that we often don’t think about. I’m going to read a few extracts from an engineering letter we received as part of an information package on a property. The project in question is a residential subdivision with a large rock outcropping in the middle of the property…
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On today’s show we are breaking down the different types of construction contracts that you can sign. Now let me be clear, I’m not here to offer any type of legal advice. I’m merely sharing our experience when it comes to undertaking different types of construction projects. The first thing you need to get clear on is whether you are hiring a gener…
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On today’s show we are looking at the demand for construction materials and labor. The number of housing starts is way down nationally. This is true for single family homes and for multi-family apartments. So it stands to reason that there should be plenty of labor available for your projects if you decide you want to undertake a project in this cu…
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Attracting Business With George Ross
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On today's show I'm asking George about how he used to attract business before the days of digital marketing. Love his answer. ------------------ **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1) iTunes: [The Real Estate Espresso Podcast](https://p…
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On today’s show we are looking at the national average numbers for residential real estate. The statistics seem to be conflicting and it seems like the numbers are not adding up. On today’s show we are going to unwind the apparent contradiction to make sense of what is truly going on. The national association of realtors reported that sales volume …
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The Bank of Canada took a victory lap yesterday as they cut interest rates by 0.5%. This is the fourth consecutive rate cut since June. The rationale given was that inflation in September hit 1.6% down from 2.2% in August. The fact is, Canada’s economy is extremely weak right now. The drop in rates is needed to maybe stimulate growth. For real esta…
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On today’s show we are talking about a service business that used to be on top of its segment in the market. The company we’re talking about is Starbucks. So it’s no surprise to me that today Starbucks CEO Brian Niccol announced a major drop in both earnings and revenue. They also suspended financial guidance for the upcoming quarters. Once a brand…
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On today’s show we are wondering if governments and central banks in particular have any effect on the repairing the economy. It’s a simple question really. If central banks can truly influence the economy, inflation and the unemployment rate, then why are central banks all behaving the same way at approximately the same time? Why is the bank of Ca…
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On today’s show we are talking about how to evaluate a bid from a subcontractor. If you follow the procurement method used by most government departments, in the US and in Canada, the process makes sense. Everyone needs to meet the minimum requirements. For all those who meet the minimum requirements, the purchaser will select the lowest bidder. In…
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AI Property Management with Hunter Webb
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Hunter Webb is in Lisbon Portugal, where he is a principal at DeepRent.ai. On today's show we are talking about how artificial intelligence can automate the management of a portfolio of storage facilities. To connect with Hunter and to learn more, visit deeprent.ai ----------- **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Pod…
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From the NHL to Development with Eddie Lack
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Eddie Lack is originally from Sweden. He moved to North America to play professional hockey with the Vancouver Canucks, the Carolina Hurricanes, the Calgary Flames and the New Jersey Devils. Today Eddie is based in Scottsdale Arizona where he is building luxury homes. Not the typical career path into development. Eddie has built his skills methodic…
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On today’s show we are taking a look at a couple of global companies. I’m reading front page articles in the WSJ and others suggesting that economists are thinking that the chance of recession in the foreseeable future is vanishing. The world seems to have embraced a new form of double speak. ----------------- **Real Estate Espresso Podcast:** Spot…
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On today’s show we are continuing our series on international outlook. There are many jurisdictions that position themselves as great retirement destinations. If you’re visiting, then you can usually stay in some places up to 90 days on a visitor visa before you need to leave. Some places allow up to six months. But if you’re looking for a location…
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On today’s show we are taking another look overseas. We are accustomed to places where there is growth. We don’t really know how to invest in places where population is shrinking. Today’s show is the story of Nadia. My wife and I met Nadia when we were on vacation in Mexico a few years ago. Nadia was born in Germany and she has lived in Ireland and…
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On today’s show we are talking about why Germany’s economy seems to be stuck in reverse. We keep hearing about how Germany, which has traditionally considered the economic engine of Europe is struggling. The German government recently downgraded their economic outlook and are forecasting contraction well into next year. The ECB is forecast to drop …
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On today’s show we are talking about demographics and migration. This is a topic you’re going to hear a lot more about in the coming weeks and months. Demographics is like a law of physics when it comes to real estate investing. It’s like gravity. It’s no surprise that fertility rates are well below the rate required to maintain population constant…
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Talking with Investors with Robby Butler
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Robby Butler is Director of Capital Markets at Y Street Capital. On today's show we are discussing some of the nuances of conversations with potential investors. How does a conversation become a consultative process versus a sales process? To connect with Robby you can find him on LinkedIn or at Y Street Capital www.ystreetcapital.com or email him …
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A Personal Best Marathon with Clayton Young
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Clayton Young was one of two long distance runners who enabled the US to qualify for the Olympic Marathon in Paris. On today's show we're discussing Clayton's 9th place finish in the Paris Marathon and the entire experience from the preparation, the aftermath and now the preparation for the New York City Marathon in early November. ----------------…
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On today’s show I’m going deep into a planning rationale that was presented to an information session at Colorado Springs City Council earlier this week. Whenever you are presenting a concept to the city, you are asking for them to vote in favor of your project. In order to make an effective presentation you have to put yourself into the shoes of t…
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On today’s show we are talking about quarterly goal setting. Our company uses a system that has become very popular among companies both large and small. We use the EOS based on the book Traction by Gino Wickman. EOS stands for the Entrepreneurial Operating System. We review our results against the goals we set for the past quarter and we set the b…
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I had dinner last night with a commercial lender from Cleveland, Ohio. The lender had their Lead underwriter with them. We had an extensive discussion about all of the ways that borrowers are lying to themselves. We see this type of problem whenever we are conducting due diligence on opportunities that are presented to us. We see all kinds of under…
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A few weeks ago I did an episode on hurricane preparation. Great ideas for storm preparation are fantastic until reality sets in. Hurricane Milton is scheduled to make landfall in Florida on Thursday. The storm will weaken as it makes landfall. However the size of the storm is such that traversing the land of the state of Florida will not take that…
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Today’s show is another in our beginner series. Our listeners are sophisticated. Many of you own large portfolios of apartments. But you also have people in your life who are interested in learning more, but maybe don’t have access to high quality information. The idea of sending your spouse to a $199 weekend bootcamp for beginners where they are g…
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Live Case Study on Active Adult
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Today's show is a talk that I gave recently to a live audience on how we transformed a project from merely OK to much stronger by repositioning the product design. ---------------- **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1) iTunes: [The Real…
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George Ross on Global Supply Chains
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George Ross is famous for his previous role as Executive Vice President in the Trump Organization. Today George is an advisor to our firm. On today's show George is discussing the merits of a potentially hazardous dual relationship. The party could be a supplier to a development project and an investor. George is advising on the safeguards to prote…
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On today’s show we are talking about a new program in Philadelphia. Philadelphia is a city that I know well. I’ve been developing in Philadelphia since 2011. Our last new construction project we started in Philly was in 2017. Several communities across the United States have experiments with a new form of mandated settlement called diversion. After…
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We're inviting you to participate in our annual Goals Retreat in mid-November. For the last five remaining tickets, we're offering a 2 for 1 special. You can bring a business partner or spouse for the same price as a single full ticket. To find out more, send an email to goals@victorjm.com. ------------- On today's show we are looking at some new r…
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On today’s show we are talking about the aftermath of major weather events. Many of you know what a flood zone is. That’s a low lying area that is prone to flooding and is not suitable for building. What you may not know is how an area becomes designated as a flood zone. What happens if you have a property and it gets buried by a few feet of water …
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“Be the Unicorn: 12 Data-Driven Habits that Separate the Best Leaders from the Rest” by William Vanderbloemen is a compelling guide for anyone looking to elevate their leadership skills in today’s fast-paced and ever-evolving business landscape. The book is the result of collating research in that vast body of experience to identify what sets those…
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On today’s show we are taking a look at the inland port. North America is about to experience a labor disruption of epic proportions. If we look beyond the immediate, there is a lot going on in shipping behind the scenes that most people are largely unaware of. But first we need to be aware of the impact that the disruption of the ports can have no…
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Developing Affordable Housing with Otis Odell
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Otis Odell is a principal at HED, a national architecture and design firm where he is the sector leader responsible for multi-family, senior housing, and hospitality to name just a few. On today's show we are talking about some of the trends in new construction and the thesis for building affordable housing. To connect with Otis, visit hed.design. …
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Small Bay Industrial with Anthony Scavo
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Anthony Scavo is based in Westchester NY where he runs Basis Industrial, specializing in value-add and development of small bay industrial projects. On today's show we are talking about what Anthony is seeing in the segment of the market. To connect with Anthony, visit basisindustrial.com or email him directly at anthony@basisindustrial.com -------…
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On today’s show we are talking about two words. These two words are so simple. We hear them in everyday language. But their meaning can have profound financial implications for you on your projects. The two words are "substantial completion". The American Institute of Architects defines substantial completion as,”the stage in the progress of the Wo…
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On today’s show we are talking about pharmacies. It used to be the case that pharmacies were considered AAA tenants when it comes to retail. There was an entire industry of land owners who had developed tax sheltered land offerings for investors seeking safe investments that would defer capital gains tax. On today’s show we are looking at the press…
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On today’s show I’m sharing what I’m learning at a conference. This is a small exclusive conference being held in a boutique hotel in Asheville NC. The conference is hosted by a large institutional lender and the attendees are mostly developers and investors in the lenders fund. There are about 80 attendees in the room. It’s a small intimate event …
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On today’s show we are talking about how to secure a construction site. In any construction site there is a trade-off between efficiency and security. When we are talking about security, there are three main aspects we are most concerned with. The first is for the safety of people who are prone to wandering onto the site outside of construction hou…
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On today’s show we are addressing a diversity of opinion on how valuation is determined for land in residential subdivisions. We recently had a builder assert that our pricing was too high for residential lots in a subdivision. At the same time, we have also been successful in developing residential lots and selling them in the marketplace to build…
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House Hacking to Development with Amy Johnson
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Amy Johnson is based in Salt Lake City where she is a partner at Y Street Capital. On today's show we're talking about how she went from high school teacher to developer. To connect with Amy, visit ystreetcapital.com ------------ **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3…
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International Options with Alec Denney
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Alec Denney is based in Denver Colorado, but is a global nomad at heart. Through his journeys with partner Krista Fettke, they have built an international business focused in helping US citizens buy properties in Europe, Mexico, and Panama. In some cases the golden visa programs can provide a pathway to residency or citizenship for those seeking a …
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Today’s question comes from Ramon who writes: "Many thanks once again for providing such great information and insightful perspectives on so many important topics. Writing to ask about something I heard from one source, but cant find much information to support (or refute). We all know insurance premiums have been increasing across the board. The c…
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On today's show we're dissecting yesterday's Fed rate cut announcement and what it means for us as real estate investors. The most meaningful part of the press conference was during the Q&A period when Chair Powell said that members of the FOMC shared their view in an informal poll. 17 out of 19 members said that they thought three more rate cuts w…
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On today’s show we are talking about shingle chasers. These are the door to door sales teams that point out a problem on your roof and try to sell you on a new roof with zero out of pocket cost to you. The scam works like this: Contractors knock on doors offering to inspect homeowners’ roofs for storm damage. They say they can help get a roof repla…
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On today’s show we are taking a look at an impending risk. We have talked about this on the show in recent weeks. There have been several news reports in the mainstream media about an impending labour strike by US Longshoremen on October 1. There are reports in Reuters, Bloomberg, CNBC and others. The international longshoremen’s association held a…
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On today’s show we are talking about a new paper published last Friday by Brent Johnson and Michael Peregrine of Santiago Capital. Brent Johnson is famous for his dollar milkshake theory. This 44 page article is a deep dive into the Japanese carry trade. Many of you might remember a banking crisis that erupted in Japan last month as a result of the…
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Private Lending with Kevin Amolsch
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Kevin Amolsch is a principal at Pine Financial, based in Denver Colorado. His firm lends locally in Colorado, Minnesota, Wisconsin and DC. On today's show we are talking about the criteria for lending and what makes sense for their business in the current environment. To connect with Kevin, visit https://pinefinancialgroup.com/ ------------- **Real…
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On today’s show we are talking about how to find good data. Last night I hosted an event and invited the Keynote Speaker from Costar to present to our audience. It was a great presentation and the speaker had lots of relevant statistics that would be of interest to anyone in my local market. There were numbers on multi-family apartments, on office,…
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On today’s show, we are looking at what global commodities prices are telling us very clearly about the global economy. You can manipulate inflation numbers. You can adjust GDP numbers. You can even fudge the unemployment rate. But what thing we know beyond a shadow of a doubt is that when demand exceeds supply prices rise, and when supply exceeds …
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On today’s show we are talking about storm preparations. Hurricane Francine is making landfall along the Gulf coast as we speak. Our team owns and operates multiples properties along the Gulf coast. When a tropical system starts to form in the Gulf of Mexico we take notice and pay attention to the storm track several times a day. Preparation involv…
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We’ve all heard the rhetoric. The US has the best health care in the world. That’s true for some who can afford to pay for it. But on average, that’s not true. On today’s show we are going to look at a report published by the Commonwealth Fund a little over a year ago. It was also reported in the American Journal of Managed Care earlier this year. …
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