EP174 AMA – Should I Buy That Townhouse

Beau in Toronto asks about a specific market opportunity to buy a townhouse as a Joint Venture partnership. He provided detailed information about the deal and I analyzed the deal live on air after doing no more than about 5 minutes of market research....

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EP173 Partnerships That Work

As business owners we need the right people in our core team. Whether they are partners, or members of the executive team, each of those people are key. How do you forge a successful partnership? There are certain characteristics that make a partnership work. If...

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EP172 The Product of The Product

As real estate investors we often focus on the real estate aspects of our work. After all, we're real estate people, not marketers. Today, I'd like to challenge that way of thinking. I'd like you to consider why you might stage furniture in a rental apartment. It's...

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EP170 Special Guest, Loe Hornbuckle

Loe Hornbuckle is the founder and principal at The Sage Oak, specializing in residential senior assisted living. I love this conversation with Loe, where he takes a very refreshing common sense approach to how senior housing should be operated.  

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EP169 I Can’t Afford to Hire Staff Fallacy

Sustainable businesses require 7 key functions. You may be trying to operate a small business and can't afford to hire the staff, hoping someday to grow organically into a more sustainable business. You'll almost never achieve that kind of growth. There's a much...

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EP168 The Interest Rate Fallacy

Today's episode compares two different construction loans on two projects that are only a few blocks apart. One had a much more attractive interest rate, but ultimately was the more expensive loan. Yes, the devil is in the details. But in this case the details were...

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EP166 There Are No Deals Fallacy

Deals are very hard to find these days. The market is so competitive. Projects are selling for stupid prices. You could easily come to the conclusion that there are no deals. Yet, that would be a mistaken belief.  

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EP163 Special Guest Brien Lundin

Brien Lundin runs the New Orleans Investment Conference, the longest running investment conference in the world. He's an investor in gold, precious metals, and real estate. He has a fascinating perspective on real assets. Don't skip this episode.  

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EP158 A Rural Home in France

Coming to you live from the Loire Valley in NW France. We're looking at what a second home in France might mean for a foreigner. Big changes in the market that make purchase prices attractive, and cost of ownership unattractive.  

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EP157 Special Guest, Tom Laune

Tom Laune is a financial planner, unlike any other financial planner. He fundamentally disagrees with the way the financial planning industry uses clients money to maximize their commissions. This conversation is a breath of fresh air in an otherwise mirky segment of...

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EP156 Special Guest, Doris Belland

Doris is a very successful real estate investor. She lost her husband to illness and was left with $400,000 in debt. She used real estate to extract herself and her family from this predicament. She has an amazing story to tell and is a real educator. You won't want...

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EP149 Special Guest, Mike Ayala

Mike Ayala is one of the principals at 4 Peaks Capital Partners. They specialize in portfolio investing in mobile home parks. They've scaled their business to a high level in a short time by bringing in the right team and a strong capital base.  

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EP148 Fire! This is NOT a Drill!

Today's episode is based on a real life situation of a fire that resulted in loss of life. To make matters worse, the owner of the property had made upgrades to the fire safety equipment in the home but still didn't meet code. They were fined and found to be liable...

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EP147 Carriage House Wealth

Secondary dwellings can be a way of increasing density without changing the zoning of residential properties. Some of the most expensive neighborhoods in the core of a city often have deep lots that have enough space for a separate building. Many cities have started...

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EP146 Seller Arrogance

Sometimes a seller seems to take an arrogant position. It can almost seem like they aren't interested in selling the property. When you're dealing with a seller, it's important to understand both sides and how to negotiate assignment of responsibility for any...

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EP145 A 1% New Construction Tax

The City of Philadelphia is talking about doing away with a 10 year property tax abatement and imposing a 1% tax on new construction projects across the city. The move is designed to raise funds for affordable housing. What are the consequences of such a tax? Will it...

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EP143 Special Guest, Robert Kiyosaki

I had the privilege of spending several days with Robert Kiyosaki on the Investor Summit at Sea. There is nothing quite as intense as an early morning article study with Robert. In this episode we talk about being a life-long student, and the true meaning of team....

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EP142 Special Guest, Seth Mosley

Seth Mosley is a Grammy Award winning musician, song writer, producer, and real estate investor. Seth and I spent a day together in Nashville at the Music and Money investment group. Our conversation centered around the interplay between his main gig in the music...

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EP141 Distortions in the Market

Today we are examining distortions in the market. These distortions result in many sellers putting a property on the market and asking too much for it. But you can’t blame the seller. They are simply trying to maximize their profit. Distortions in the market are...

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EP139 Short Term Rental Case Study

Short term rentals are under assault by many local governments. It's crazy to make long term loan commitments in an uncertain regulatory environment. Today we show how you can determine whether the short term rental market in your city is a good bet....

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EP138 Recession Resistant Asset Classes

I’m talking about what assets can you buy when we are at the top of the market. When the recession has already hit, and prices have fallen, there will be bargains in multiple asset classes. That market bottom discussion will be for another day. What we're looking for...

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EP136 A $30,000 Surprise Assessment

We're in front of a live studio audience, interviewing Mary Brauner who lives in a condo complex that handed each unit owner a $30,000 surprise special assessment, on top of condo fees that were already $800 per month. This situation is becoming increasingly common in...

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EP135 Special Guest John Lee Dumas

Last week we spoke about Puerto Rico. When I was there I had the chance to meet face to face with John Lee Dumas, host of the Entrepreneurs on Fire Podcast. He just completed over 2,000 episodes and 65 million podcast downloads. Definitely at the top of his game. Love...

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EP134 Can Italy Help US Real Estate?

The recent election in Italy has thrown Europe into turmoil. The result has been a flight of capital from the Euro in US Treasuries, lower the yield on 10 year T-Bills. Since many commercial loans have their rate linked to the 10 year Treasury rate, a fall in T-Bill...

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EP132 Is Student Housing Facing a Headwind?

University enrollment fell by over 200,000 in the past year, marking the 6th straight year of decline. Overall, student enrollment in universities has fallen by 2.6 million students compared with 2011. That's a huge decline. If enrollment is falling, it stands to...

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EP130 Amazon is Coming to Town

CTV News reported that a large parcel in the East end of Ottawa will be site of a new 1M square foot warehouse. Sources close the project have confirmed off the record that the occupant will be Amazon. This is part of a growing strategy across North America for local...

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EP128 Special Guest, Dave Zook

Dave is the CEO of The Real Asset Investor. He's a real estate guy, but as the name implies, he also invests in multiple types of real assets. On today's show, we're talking about how he invests in ATM machines and why it made sense for him and his investors....

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EP127 Buy and Sell Like a Blackstone

Warren Buffett famously said that he would go out and purchase a few hundred thousand single family homes if he had the ability to manage them. One company that took his advice was the Blackstone Group private equity firm. They aggressively went on a buying spree...

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EP125 Puerto Rico, is it ready for investment?

Last month I visited Puerto Rico. We did a real estate investment tour as part of our visit. I’d like to share some of my observations from that visit. While the cleanup from hurricane Maria was largely complete in some areas, there was still plenty of evidence of...

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EP124 How we saved $40,000

When you get a quote from a contractor, how do you know if it's a good price? Is it too high, too low? How do you even evaluate it? Today's episode is a specific case study on how to answer that specific question.  

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EP123 We Buy Houses (For Real)

You've all seen them, the free evening seminar with a TV celebrity. They invite you to attend a 3 day bootcamp for a modest price. After that, they invite you to an advanced course or a coaching program that is priced in the thousands of dollars. These professional...

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EP121 Special Guest, David Sewell

David Sewell is the owner of International Coffee Farms, a specialty grower of coffee. He has 9 coffee farms in Panama, and a Cocoa operation in Belize. Agricultural real estate investing is one of many potential strategies you can employ. Both these products are easy...

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EP120 Wells Fargo In The News Again

Today, the Wall Street Journal reported on the front page that Wells Fargo was cited for altering client information on business client accounts. They just can't do things right. A month ago, they were fined $1B dollars for improper practices in the car insurance and...

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EP119 I’ll See You in Person

I'm hosting a mixer for listeners of the podcast and for other podcast hosts at the Philadelphia office of my development partner on July 22. Those attending the Podcast Movement Conference will be in town that week for what aims to be a landmark event. You can...

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EP117 Big Win at The Zoning Board

Today's episode is a story about two of our new projects that were approved last night at the zoning board. These types of wins aren't accidental. They're the result of months of hard work by many members of the team. In particular, designing a project that is...

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EP116 Credit Cycles, Not Economic Cycles

I'd like you to think of the credit cycle as a leading indicator of the economic cycle. In fact, some would say that we actually have a credit cycle and not and economic cycle at all. What is the cause of the credit cycle, and what does it mean for the overall...

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EP115 Special Guest, Kathy Fettke

I caught up with Kathy Fettke and her husband Rick on the Investor Summit at Sea. Our conversation over breakfast was wide ranging and focused on financial education, the stock market, running a startup company, and how the Fed is giving us a signal that more are...

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EP113 Excuse me, may I have a room please?

Today we're tacking rooming houses. Philadelphia's Licenses and Inspections Commissioner is proposing an overhaul to the zoning code that would bring legal rooming houses into residential neighborhoods. This controversial idea has both pros and cons. Listen to today's...

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EP111 The One That Got Away

I missed an opportunity to complete a land assembly located less than 4 blocks from my house. It's hard to fathom that I wan't paying attention. In today's episode we discuss why that project would have made so much sense.  

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EP108 Special Guest, Brad Sumrok

Brad has been investing in multi-family apartments and educating others on how to invest for several years. He's active in 14 markets and his students are active in over 30 markets. This wide ranging conversation on apartment investing is packed with value bombs....

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EP107 Special Guest, Shanna Badry

Short term rentals are the rage now, and platforms like AirBnB and VRBO have made it easier than ever to maximize your income through a higher nightly rate compared with long term rentals. But it's not that easy. Shanna is the President of the Momentum Property Group...

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EP105 How to Budget Repairs and Maintenance

I've recently seen an operating budget that used averages per apartment. The problem is that there is no average apartment. It's a dangerous way to create a budget. In today's episode, I recommend a method for creating a repair and maintenance budget that is much more...

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EP103 Yikes, 4300 Stores Closing

This week, Subway announced it was closing 500 locations after closing 800 locations in 2017. We have numerous stores closing including locations at Sam's Club, Toys R Us, Walgreens, Kmart, Best Buy, Sears, just to name a few. What does this mean as a real estate...

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EP100 Special Guest, G. Edward Griffin

Ed Griffin is the author of the seminal book, "The Creature From Jekyll Island". The book is a detailed history of the creation of the Federal Reserve system. It explains how our system of money that makes up the world reserve currency was created and is hidden from...

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EP99 Meaningless Statistics!!!

Case-Shiller announced their latest housing index numbers for 20 cities across the United States. They're reporting that numbers are reaching peak levels not seen since 2006. However, the numbers paint an picture that is accurate but irrelevant. Listen to find out...

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EP98 Sales Pace Slows 25% in Q1

We've seen a significant slowdown in real estate sales in NYC in Q1. The hardest impacted segment is the luxury segment. We're seeing signs that Class A properties are overbuilt in several markets. What does this mean, and how does this happen?  

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EP97 The Vacancy Tax

Last year the City of Vancouver imposed a vacancy tax as a way of addressing the extreme shortage of housing in the city. It was designed to discourage people from buying properties and keeping them vacant. After one year, the results are in, and they've very...

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EP95 A Real World Kitchen Renovation Budget

Retail design galleries can charge upwards of $40,000 or more for a kitchen renovation. On today's episode we provide a detailed budget breakdown of how to completely remodel a kitchen for under $15,000 without cutting any corners. In fact, it can easily be done for...

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EP93 Special Guest, Dana Samuelson

Real Estate investors are passionate about real assets. However, apart from property, there are other real assets that are also of paramount importance. Once you sell a property, do you want to keep the proceeds in cash? Perhaps gold is a better place to keep your...

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EP92 When is Zero Change an Event?

Yesterday the Bank of Canada decided to hold the line on interest rates, despite some signs of inflation in the market. Sounds like a non-event, right? Not so fast. In today's episode we examine what this means in a larger context.  

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EP88 Predicament at 58 Sutton Place

In today's episode we're shining the spotlight on a zoning change that took place on a building already under construction. You might be asking yourself, "How can that happen?" It seems to violate any principle of fairness. Of course, not everything in life is fair....

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EP85 Are You Begging for Money?

I hear from many investors that they're uncomfortable asking for money. It feels like begging. Of course, begging for money doesn't seem very attractive. So how is it that some people appear to be able to raise money almost effortlessly? Listen to find out....

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EP82 Go Figure

Today we are talking about the 5 F's of real estate investing. These are the 5 phases of virtually any real estate transaction. But there is one phase that is so important that if you make a mistake here, there is nothing that will save you.  

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EP81 Is Your Broker Broke?

Today's episode was inspired by a dinner conversation with a broker who operates in Broward County, Florida. Think about how you are positioning yourself in the marketplace and how that translates into repeat business.  

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