Special Guest Mike Lloyd

Mike Lloyd is a specialist in business branding based in Silicon Valley. He started his career as a photographer and has translated that skill into having a broader impact. 

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Combatting Porch Pirates

The changing face of retail means that retailers don’t need as large a footprint as before. As more and more business shifts online, delivery is often cheaper than prime real estate.  But secure delivery is still one of the friction points that is affecting the...

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Economic Slowdown?

All the major financial newspapers from the Wall Street Journal to The Financial Times are sounding the alarm bell on economic contraction at the moment. On today’s show we’re going to take a deeper look at what the numbers are telling us and see what it means for us...

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Freddie Mac Multi Family Report

On today’s show we’re talking about a new report from Freddie Mac on the state of the multi-family market nationwide. But the purpose of today’s show isn’t just to share information. It’s about what you do with the information.  When you prepare a financial pro-forma...

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AMA – Appraisal or Comp Analysis?

Julien in Cambridge Mass asks, "Should I get a real estate appraisal or a comparative market analysis?" Julien, that’s a great question.  The simple answer is it depends on what you need it for. A comparable market analysis, or what is sometimes called a broker...

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AMA – Which Small Market?

Farhana asks, “Given the real estate prices in big cities are skyrocketing, which small city would consider investing?” Farhana, this is a great question. But before I answer the question directly, let’s ask another question. “Why would prices be skyrocketing?” The...

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More Multi Family Than Ever

On today’s show we’re talking about one of the other impacts of the 2008 recession. A decade later we are seeing a significant difference between the number of single family homes being built versus multi-family.  Multi-family is growing in share of new permits across...

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First Ever Rental Migration Report

On today’s show we are going to reveal information that could dramatically alter your rental marketing. This is all about knowing your customer. You wouldn’t advertise pencils to someone searching for a fountain pen. If you know what your customer is looking for,...

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When Your Subcontractors Are Too Busy

On today’s show we’re talking about what to do when subcontractors are too busy. The front end of a project contains the most uncertainty. This is when you are perpetually in waiting mode. Waiting for engineering drawings, waiting for permits, waiting for lenders,...

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Pull That Permit

On today’s show we are talking about the importance of checking an often overlooked item when purchasing a property.  The question is, does the structure have all the required permits? Did it ever get a building permit? Were all the permits ever closed out? When you...

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Bad Debt is Ballooning

As real estate investors we are very familiar with the difference between good debt and bad debt. Good debt is debt that is used to purchase income producing assets. Bad debt is merely for consumption. That’s the debt that is used to buy everything from your car to...

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Special Guest Al Williamson

Al Williamson is based in Sacramento California where he has focused on medium term rentals. This strategy is filling a gap in the market between short term rentals, hotel rooms, and long term rentals. Very smart approach. Check it out. 

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Special Guests Pete Barrow

Pete Barrow is based in Indianapolis Indiana where he maintains a high volume business in wholesaling and redeveloping single family homes. Some real nuggets in this conversation. 

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BOM – Principles By Ray Dalio

Ray Dalio is the founder and co-chairman of Bridgewater Associates, which, over the last forty years, has become the largest and best performing hedge fund in the world. Dalio has appeared on the  Time 100 list of the most influential people in the world as well as...

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This Budget Is Broken

Today’s show is inspired by a conversation that I had with an investor about a project that they were undertaking.   The situation should never have happened and that is the purpose of today’s episode. The construction budget was based on a quote from a contractor,...

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Live From Tuscany

Today we're coming to you live from the Village of Montefollonico in Tuscany. This medieval village dates back to the year 1202. The richness of history here is incredible. If you haven't visited, I highly recommend it.

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Special Guest Stu McLaughlin

Our guest today is from Team Malizia (team-malizia.com), one of the IMOCA 60 racing boats scheduled to compete in the Vendee Globe single handed round the world sailing race in 2020. 

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Live From Santa Marinella

On today’s show we are coming to you live on location in Italy. We are about an hour outside Rome at a seaside town called Santa Marinella. I come to Italy regularly and in the past decade, not much has changed. In this idyllic seaside town there are numerous...

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Transparency In Pricing

On today’s show we’re talking about several bids that were out of whack. You’ve sent the drawings over to three subcontractors and the numbers comes back with a wide variation. One of the bids is quite low and seems attractive. The other two are from subcontractors...

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What Can We Learn From Apple?

Apple is in the product business. But before they can manufacture a product, they need to design it. There was a time when Apple Computer used to rely upon components supplied by outside companies to incorporate into their products. The Mac first used a microprocessor...

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Flashpoint Hong Kong

On today show we're talking about the incremental changes that if taken slowly enough can lull a docile population into submission. Opposition happens slowly at first and then all of a sudden. The current crisis in Hong Kong is a case in point.  The handover of Hong...

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How to Get Noticed

On today’s show we are talking about the importance of digital marketing. Regardless what business you believe you’re in, today’s market requires an expertise in digital marketing. As real estate investors we are marketing products digitally as well. Whether it’s a...

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Special Guest Marco Santarelli

We're talking about market cycles this weekend. Love what Marco has to say, To connect with Marco, go to NoradaRealEstate.com or listen to the Passive Real Estate Investing Podcast. 

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Retirement at Sea

On today’s show we are talking about a growing trend in retirement or pre-retirement living. A number of people are selling the family homestead and opting for life on the high seas. I’m not talking the billionaire mega-yachts. I’m also not talking about slumming it...

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An Extra 20 Pounds

On today’s show we are talking about something that is rarely talked about. Entrepreneurship has been put up on a pedestal and it cool to be an entrepreneur. Today’s show is about the inner struggle of being an entrepreneur. It’s about handling the negative self talk...

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Erosion

On today’s show we are talking about erosion. But not the usual form of erosion that happens when it rains. I’m talking about the factors that erode your business. When we encounter erosion, the natural reaction is one of dismay of disappointment. This shouldn’t be...

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Negative on Junk

When governments print money, where does it all go?  Imagine if you went to Las Vegas to play a game of blackjack, but there was one player at the table who had a very special ability. That one player could print more cards at will. the game would not seem very fair...

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Special Guest Brett Swartz

Brett is a specialist in a tax deferral mechanism called the Deferred Sales Trust. For US investors, this is one of the most important episodes so far this year. Check it out. 

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Special Guest, Karen Briscoe

Karen Briscoe is based in Washington DC. We had a great conversation about the market dynamics in Washington and the impact of Amazon coming into the market. She's the author of two books and host of the "5 Minute Success" podcast. You can reach Karen and learn more...

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Solitary Confinement

On today’s show we are talking about a problem that many real estate investors experience. It’s also rarely talked about. We’re talking about solitary confinement.  A large number of real estate investors spend a large percentage of their time working on their own....

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Standing on the other side of the fence

On today’s show we are talking about what it’s like to stand on the other side of the fence.  Last week my wife and I stayed in a short term rental. The location was amazing and the price was low. The reviews were good but not great. The property manager put out three...

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AMA – Can Cockroaches Be Eliminated?

Today is another AMA episode - "Ask me anything". Reed from Indianapolis asks.  “One of the things that I don't like about the class B and C multifamily syndications that I'm in is that it seems like at least somebody is having or has had a problem with cockroaches...

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Fire Fighting

Today's show is a real life personal story about fire fighting and what it means. What areas of your life are you fire fighting?

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Read Between The Lines

On today’s show we are talking about reading between the lines. This is the ability to fill in the blanks when the seller of a property provides incomplete information. Any professional real estate investor has the full information about their own property. If the...

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Spotlight on Malta

I’m coming to you on location from the island of Malta. This small island country joined the European Union back in 2004.  Since then it has seen tremendous population growth as the open borders of Europe has allowed the free movement of people.  Malta has always been...

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5G Wireless Infrastructure, Part 2

Today’s episode is a companion to yesterday’s show. If you haven’t already listened to yesterday’s podcast, I suggest you listen to that one first. Today’s show will make so much more sense if you do.  On yesterday’s show we talked about the promise of 5G wireless...

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AMA – Will 5G Wireless Impact Property Values?

Today’s question comes from Natalia in Toronto.  Could 5G wireless impact the value of my property, and if so how? That’s a great question. This is a large topic with several elements to it. In fact, so much so that we’re going to answer it over two days.  On today’s...

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Case Study – Government Vs Sage Oak

Today's show is a specific case study of a building permit refusal and how we ultimately prevailed. It's a powerful lesson in how a well crafted argument can sometimes win the day. We have the utmost respect for the government officials who work tirelessly to be good...

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Book of the Month – “Made To Stick”

  On today show we are featuring the book of the month. In order to be considered for book of the month, a book has to meet a very simple criteria. Work must be impactful enough to change your life or your perspective on the world. Whether it does or not of course is...

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Special Guest Paul Moore

Paul Moore is the principal at Wellings Capital. He can be reached at WellingsCapital.com. Join me for this wide ranging conversation on market sentiment and investment strategy. 

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Special Guest, DJ Scruggs

DJ Scruggs spent most of his career in the tech industry, much like myself. On today's show we talk about making the transition from startup corporate life into real estate investing. Join me for this insightful and wide ranging conversation.

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Second Homes Are Optional

Everyone needs a place to live, right? That’s one of the arguments that underpins the demand for real estate. But in some markets, that is not an appropriate statement.  Let me take you back to the financial crisis of 2008 and it’s aftermath. There were a few counties...

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The Shale Gas Revolution?

On today’s show we’re talking about a couple of widely publicized articles on the state of the oil and gas industry. Oil and Gas are major drivers of the economy, and as such, the cascade into real estate is inescapable.  The first was a presentation by Steve...

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Negotiating With Government

Can you negotiate with government? The simple answer is yes you can. But the real answer requires an understanding of what the other side wants. When you are involved in a negotiation, any negotiation, having an understanding of what the other side wants is critical...

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When Will Millennials Start Buying Homes?

On today’s show we are examining home buying for the next generation of home buyers. Last week we talked about a bubble forming in the luxury home segment where older home-owners are aging out of the home market, and through a combination of affordability, sheer...

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The SEC Considers Rule Changes

Securities law is one of the fasted moving areas of the law. In fact, even lawyers who practice regularly in this area often have to check on items they may have completed even a week ago.  For example, the SEC had numerous exemptions under regulation D. Exemption 505...

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Workforce Housing with Edna Keep

Edna Keep is based in Regina, Saskatchewan. Regina isn't on the radar as a top market, but Edna has built a portfolio of over 500 units over a period of time with an emphasis on cash flow. You can learn more about Edna at ednakeep.com

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Breaking News – The Fed Says Nothing

Wednesday, Federal Reserve Chairman Powell announced the outcome of two days of meetings of the Federal Reserve. The Fed is a board of the heads of each of the regional Federal reserve banks and their board of Governors. The focus is often on the Chair of the Federal...

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Disaster Strikes Twice

  June 1 marks the start of hurricane season in the Northern Atlantic. Some years are incredibly active like 2017. By comparison, 2013 had no hurricanes make landfall at all. While there were several tropical storms, none developed into full blown hurricanes. The...

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The Mansion Bubble

There’s no question that beautiful homes are just that, beautiful. As always, fashion and tastes are always changing. Like clothing, homes make a fashion statement. They have a life span. The gold door knobs of the 1980’s and 1990’s are replaced with the cleaner look...

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Overcoming Deal Momentum

It is said that real estate investing is a mental game. But what does that really mean? It means having the discipline of investing and managing projects overcome your emotions. It’s been said that most decisions are made emotionally, and the logic to support the...

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DIY And The Road To Ruin

Warning. Today’s show contains a real life story that some listeners may find disturbing.  On today’s show we are talking about how to maximize your profit. Profit, simply calculated is revenue minus expenses. You can increase profit by increasing revenues or by...

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Long Distance Investing With Billy Keels

Billy Keels is based in Barcelona, Spain, but invests in the USA. You can learn more about long distance investing from Billy at billykeels.com or at  keeponcashflow.com. He has a free e-book for our listeners at growyourmoneythesmartway.com.

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Special Guests, Justin and Keisha Brooks

Justin and Keisha Brooks are based in Kansas City where they own and operate assisted living assets, and multi-family. They are also hosts of the Real Life Real Equity Podcast. They can be reached at realliferealequity.com.

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Beware The Professional Tenant

On today’s show we’re talking about professional tenants. These are the ones who present well during the screening process, who fabricate elaborate stories, and who encourage landlords to skip steps in their due diligence. Ultimately, the professional tenant has one...

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When Life is Off Balance

On today’s show we are talking about the process of finding life balance, while living in several different time zones concurrently.  We have spent the past two weeks living on board a boat in Northern France, all the while working to repair things on board, maintain...

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No Free Parking

On today’s show we’re talking about the lowest and best use of a property. Traditionally, we are trained as real estate investors to seek the highest and best use for a property. This might be a high rise building, or a hotel.  But sometimes, the best use is the one...

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Italy Could Trigger The Next Financial Crisis

It’s no secret that Italy is running out of cash. Much like in the US, some US states are in better shape than others financially. The US federal government has one extra trick up its sleeve. The feds can go to their friends at the federal Reserve and ask them to...

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Universities Are a Bubble

On today’s show we’re talking about a debt bubble. There have been numerous debt bubbles over time. There was the sub-prime debt bubble. There’s clearly a sovereign debt bubble in many countries around the world including the US. There is arguably a debt bubble in...

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Self Storage With AJ Osborne

AJ Osborne was paralyzed from head to toe and on life support. He used real estate to carry his family during those difficult times and today manages a portfolio of 14 storage facilities across several states. You can learn more by reaching out to AJ at...

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Golf Course Ownership With Deb Griffiths

This week we've been talking about golf courses and how the landscape is changing. Today's guest has owned and operated 36 holes for the past 19 years. Listen to today's conversation about what it means to own a golf course from someone who is deeply immersed in the...

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There Goes The Neighborhood

On today’s show we’re talking about what happens when a neighborhood goes downhill. As real estate developers we’re always thinking about improving things. But what happens when things go bad in a neighborhood, and quickly? When you hear something like, there goes the...

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D-Day

Today is June 6, The 75th anniversary of D-Day. We are coming to you live from northern France. D-day was the coordinated assault by Allied forces on the beaches of Normandy. It was the beginning of the liberation of Europe from Nazi occupation. The assault on the...

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AMA – How Much To Improve A Rental Property?

Joseph asks: “My wife and I are getting ready to move into rental properties and we are at a sticking point of what a rental should be like inside. I’m okay with things being clean, unbroken, & liveable; she is more of the opinion of caring about the person...

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Have You Been Shopping Lately?

On today’s show we’re talking about what happens when businesses shrink. The latest earnings season for retail brought some more bad news. But let’s be clear, retail isn’t dead. It just has too much friction.  There is the perception that the lowest prices can be...

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What’s Up (Or Down) With Interest Rates?

On today’s show we are talking about what is up or down with interest rates.  Interest rates are traditionally influenced by two main factors, inflation and risk. If inflation goes up, then naturally investors will want their bonds to at least keep pace with...

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Book Of The Month – “The War of Art”

Today is June the first and on the first day of each month we feature a new book on our book of the month episode. In order to be considered for a book of the month the book has to meet a very simple criteria. It has to be impactful enough that it will change your...

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Tornado Insurance

The recent tornadoes to hit the midwest have cut a swath of damage and devastation. The storms hit populated areas including Dayton Ohio, and Kansas City. Over 100 tornados have hit the midwest in 12 straight days. Federal government weather forecasters logged...

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Exercising Leverage In Your Business

On today’s show we are talking about leverage. But folks I’m here to tell you that most people think of the word leverage in a very narrow way.  Most of the time when we say the word leverage it’s assumed that we are talking about borrowing money, financial leverage. ...

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UHaul Isn’t Just For Moving

 U-Haul is known for the do-it yourself mover. Frankly they have a great product.  I especially have a soft spot in my heart for their smaller moving trucks. Are used to rent them on a regular basis when I was in my teens and early 20s.  One of the great things about...

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AMA – Why Do Banks Write 30 Year Loans?

Today is another AMA episode, Ask Me Anything.  Ryan from Fresno, California asks.  "I really enjoy your Real Estate Espresso podcast. Thanks for the great work. The silly question has in my mind for a while. Why do banks, including lenders backed by Fannie Mae, make...

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George Ross on Huawei Negotiation

On today's show I'm talking with George Ross on the current state of the negotiations between the administration and China surrounding Huawei, who happens to have a leading next generation cellular infrastructure offering with their 5G base stations. 

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Power Co-Generation For Fun And Profit

Earlier we talked about the economics of solar power compared with purchasing electricity from the power grid. On today’s show we’re talking about another form of power co-generation.  Many larger commercial facilities are turning to co-generation as a way of reducing...

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The Senator Lost His Tape Measure.

Have you ever had a situation where you had purchased something and then couldn’t find it? So you went out and bought another one? It happened to me. I couldn’t find my tape measure. It was in my toolbox. Eventually, I really needed it so I went out and bought another...

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AMA – How to Design A Podcast Show?

Billy from Barcelona Spain asks: I’ve been listening to you RE Espresso podcast recently and I really enjoy your perspective and the content… I’ve been thinking of starting a podcast and have gotten stuck on the design of the show, and some of the technical aspects of...

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A Look At Solar Economics

I’m a huge fan of solar energy. My boat has solar panels and I can go weeks without plugging into shore power. I love everything about it. So today I’m going to share an analysis of solar power economics that I recently undertook. I do this every few years, because...

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The Opportunity Trap

Thank you to all the loyal listeners. I’m truly astounded that The Real Estate Espresso Podcast now has listeners in 114 countries. Whether you are located on an island in the Pacific, central Africa, South America, Europe or the good ol USA. Thank you for listening. ...

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Portfolio Management with Devin Redmond

Devin Redmond is with Stessa, a new property management software startup based in the San Francisco Bay area. On today's show we are talking about some of the limitations of many of the established applications in the market and how a bigger picture can help investors...

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Special Guest Tom Krol

Tom Krol is a specialist in Wholesaling. He has raised the art of wholesaling above real estate and totally separated it from the science of real estate investing. This is a perspective on wholesale transactions that you likely have never heard before. Check it out....

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AMA – What Can We Learn From The Yale Endowment?

The Yale endowment is  considered as one the best institutional investors. In 2018 it earned a 12.3% return, beating the average endowment return in 2018 at 8.2%.  For 2019 they are allocating 49% to illiquid / alternative assets (VC, leveraged buyouts, real estate,...

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The Case of Disappearing Property

On today’s show we’re talking about how properties disappear from the market. No, they weren’t demolished. I’ll tell you where they went.  Harry Dent is an economist who bases his entire thesis about the economy on demographics. Demographics can predict so much about...

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President Trump Visits

On today's show we’re talking about President Trump’s visit to a project located just down the road from several of our own new development projects. The president was in lake Charles Louisiana to promote the expansion and job creation opportunities associated with...

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The Simplification Trap

Today’s show is about protecting rookie investors from making bad investment decisions.  This weekend I was speaking at an investment conference. I had several people approach me and ask advice about buying properties in markets where purchase prices were low and...

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What Can We Learn From Uber and Lyft?

 What can we learn from the Uber and Lyft Initial Public Offerings? Both companies have grown to the point where they have a strong share of the market globally in just a few short years. Both companies have seen Luke-warm demand for their stock post-IPO. Uber and...

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Arctic Development with Kyle Humphreys

Kyle Humphreys oversees the building of new construction projects in the high arctic. The considerations there are completely different from the dense urban projects most of us are involved with. Join me for this fascinating conversation.

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Special Guest Rod Khleif

Rod is one of the most well known apartment real estate investors with a large following. On today's show we had a wide ranging conversation about goal setting and setting life priorities. His upcoming bootcamp in Denver is always widely attended. If you go to...

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Creating WOW Experiences

On today’s show we are talking about some low-cost improvements that can build tenant loyalty, and create a lot of goodwill between landlords and tenants. When tenants are late with their rent, it’s often because there is something about their accommodation that isn’t...

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