AMA – What Do I Do With A Bad Appraisal

Today is another AMA episode, where Hayden from Atlanta asks: "I received a bad appraisal which in my opinion does not reflect an accurate picture of the property value. The comparable properties listed in the report include...

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National Housing Survey

On today’s show we’re talking about home buyer sentiment. The folks at Fannie Mae have some of the best research in the country and last week they published their The Home Purchase Sentiment Index® (HPSI). It is a composite index designed to track consumers’...

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AMA – What About Portland’s Mandated Rest Spaces

Today’s episode comes to you thanks to Wayne in Austin Texas. His keen eye noticed that there might be some changes coming to the building code in Portland Oregon. In reference to the new initiative in Portland, Wayne asks, “Victor, will this kill commercial and...

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Is CoWorking Profitable?

On today’s show we’re talking about the office real estate market. And no, we’re not talking about WeWork. I had the opportunity to take over a co-working space that had been operated by an accountant. they had the master lease for about a 7,000 square foot office...

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Arithmetic By Politicians

On today’s show we are talking about elementary school arithmetic. It seems to me that elected officials should be able to perform third or fourth grade arithmetic. Multiplication and division would be a bonus, but we will settle for addition and subtraction. Amazon...

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Kathy Fettke

Kathy Fettke is the host of the Real Wealth Podcast, and co-CEO of The Real Wealth Network. On today's show we're talking about market dynamics and how to position the portfolio for the current and next economic cycle.

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Special Guest, Dr. Jeff Anzalone

Dr. Jeff Anzalone specializes in helping doctors and dentists navigate the complex world of main street investments. In this episode we discuss some of the challenges unique to these investors making good investment decisions. 

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Contracts, Contracts, Contracts

On today’s show we’re talking about the complexity of agreements with contradictory language. One of the realities of the real estate investment business is the need to pay close attention to all of your contracts. There are construction contracts, lending contracts,...

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Why Is This House Not Selling?

On today’s show we are talking about a specific case study of a property that has been on the market for nearly 5 years. This story is a cautionary tale of what can happen if you choose a property in the wrong location. This property is a gorgeous 7,000 square foot...

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Metrics, Metrics and More Metrics

We just spent 3 intensive days on the beach in Mexico working on goal setting for 2020. It was not exactly on the beach. We set up our conference table inside a straw hut called a palapa that was situated at the end of a pier out over the water. The pier was...

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AMA – Which States Should I Invest In?

Kevin from California asks, I currently live in California and would like to know which other states are good for investments within the next 5-10 years and why? Kevin, This is a great question. The first thing to remember is that real estate is hyper local. We will...

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BOM – Talking with Strangers by Malcolm Gladwell

Welcome to December. This is the last month in the current decade. Hard to believe that the 2010’s are almost over. Today is the book of the month episode. On the first day of each month we review the book of the month. In order to be considered for a book of the...

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AMA – What to Do With HELOC Proceeds

Today's show is part 2 of a question from yesterday's show.  Anthony and Julia from Brooklyn ask. Hi Victor. I’ve been listening to your podcast for about a year now and appreciate what you’re doing!  I have my wife, who is an architect, listening in now too! We want...

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AMA – Investing with Home Equity

This question is from Anthony and Julia in Brooklyn. Hi Victor. I’ve been listening to your podcast for about a year now and appreciate what you’re doing!  I have my wife, who is an architect, listening in now too! We want to invest in other real estate but with two...

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Cloud Kitchens

On today’s show we’re talking about one of the latest disruptions to come into the retail industry. This is from the guy who brought us Uber, Travis Kalanick. His latest venture is called Cloudkitchens. The company is currently live in 3 markets, Los Angeles, San...

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When The Boomers Leave

Today’s show is a continuation on the topic of demographics. Yesterday, we talked about the reduction in mobility that has taken place over the past decade. The least mobile group of people are those above 65 years of age. The move less frequently than any other...

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Who Is Moving And Why?

On today’s show we’re talking about where your future tenants are going to come from. Last week the US Census Bureau published new data on migration across the US. It shows some new trends that are quite frankly a reversal of some long term historic trends. If you...

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Special Guest, Debbie Bloyd

Debbie Bloyd is based in Dallas Texas where she specializes in reverse mortgages for those seeking to utilize the equity in their homes to fund their retirement. She demystifies the process of reverse mortgages and how they can be a useful tool for those later in...

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Short Term Rental Legal Ruling

The question of the legal treatment of short term rentals has been contested in multiple communities around North America. Earlier this week, a legal challenge that had been underway for the past two years has finally come to a conclusion. The City of Toronto enacted...

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AMA – How Can I Benefit From Inflation?

Vishal from Ottawa asks, “I listened to your interview with Aaron Chapman on the weekend. You were both talking about how inflation can benefit investors, and I didn’t quite follow how that works. Can you explain it in a little more detail, maybe with an example?”...

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Retail Therapy

On today’s show we’re running what seems like an almost annual episode. The pain in retail real estate continues with little signs of slowing down. According to a new report in Business Insider this week, Retailers closed a record 102 million square feet of store...

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AMA – Negotiating Seller Financing

Brendan from Pennsylvania asks: I bought my first commercial rental a few months back using seller finance and it was a breeze since the property was off market and I could talk to the seller directly. The seller and I haggled it all out based on their retirement...

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Multi Family Is Going Green

On today’s show we’re talking about environmentally sustainable buildings. These are part of a growing trend of buildings globally and in North America as well. A new report published by CBRE details what’s happening in the multi-family asset class. The buildings that...

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Special Guest Aaron Chapman

All the way from Mesa Arizona, Aaron Chapman specializes in helping investors finance properties. He won't finance a residential condo for an owner occupant. On today's show there are some powerful nuggets that could really impact the way you look at business. 

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Special Guest, Mark Owens

Mark Owens has been a fixture in real estate investing in the Baltimore area. He knows the local market and has figured out a niche that is solid and repeatable. He's not after home run deals, but lots of consistent growth using simple proven strategies. 

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When Community Opposition Is The Norm

The City of San Francisco continues to be one of the most sought after places to live in the nation, and also boasts some of the least affordable places to live. San Francisco is a notoriously difficult place to have any project approved. The process allows for...

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Why Are You Selling?

On today’s show we’re talking about one of the most important questions when evaluating a potential project. You’ve received the executive summary. The glossy pictures are great. The pro forma looks enticing. If the project is so amazing, then why would the seller be...

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Get Rich Quick – Uh, No.

On today’s show we’re talking about another aspect of short term rentals. I’m in the short term rental business. My partners and I operate our units legally and at a very high level. The consistent 5-star reviews are not an accident. They’re the result of hard work by...

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When The Rules Change

On today’s show we have an update on a story that we’ve been following for some time. The topic is short term rentals. The staff at the City of Ottawa completed their public consultations on the short term rentals and have issued their recommendations to a committee...

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Avoid The Daisy Chain

On today show we are talking about conversations with potential funding partners. If you are in the marketplace for capital, you will invariably meet new people and develop relationships that a long way down the road could become a source of capital for your future...

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Special Guest, Sterling White

Sterling White is based in Indianapolis, Indiana. He grew up in a tough part of town without the advantages of connections or capital. Sterling's story is highly inspirational.  You can reach out to Sterling at sterlingwhiteofficial.com.

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Are Brokers Extinct?

On today’s show we’re talking about the predicted extinction of realtors and mortgage brokers. It used to be the case that in the old days, knowledge was power. In many ways it was perceived that in order to complete a real estate transaction, or a real estate...

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Was There Crypto Price Manipulation?

On today’s show we are talking about the meaning of investing versus speculating. In 2017 the global value of all bitcoin in existence soared from $20B to about $320. Bitcoin was making headlines all over the world and it seemed like crypto currency had transitioned...

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Conclusions Based On Flawed Assumptions

Conclusions based on flawed assumptions are ultimately flawed conclusions. That makes sense. But when governments are involved, they don’t seem to adhere to that basic law of nature. Real estate developers will soon have to create or fund social and affordable housing...

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Are Insurance Company Annuities A Good Deal?

On today’s show we’re going to be doing some math. That’s right. The real purpose of today’s show is talk about the importance of financial education. Some people, notably lawyers, mathematicians, accountants, engineers and statisticians will find this math fairly...

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AMA .- Investing in Toronto Rental Market

Alexandra asks: “I’m considering investing in the Toronto market that has an extremely low rental vacancy rate. Since the demand is so high and Toronto is a growing city, do you think this is a good idea?” Alexandra, this is a great question. It is true that vacancy...

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Special Guest Adam Taggart

Adam Taggart is one of the founders and principals at Peak Prosperity, an organization dedicated to helping people build a sustainable life. The headwinds and dislocations facing us as a society are numerous. On today's show, Adam gives a first hand account of what it...

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Fed Drops Interest Rates Again

On today’s show we’re talking about interest rates again. Yesterday, the Federal Reserve announced another 0.25% drop in the benchmark lending rate. A number of listeners are wondering what the Fed rate has to do with every day lending rates. Some consumer credit card...

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A Day In The Life

On today’s show we are answering a question that I receive frequently. The question is how I spend my time. What is an average day? So today I’m going to do a deep dive on what I did yesterday. My day started at 6:15. First thing, my wife and I spend about 20 minutes...

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AMA – The 1% Rule

James from British Columbia asks: I have been scouring a lot of Canadian town and cities and have not come across any properties that rent at 1% of houses value let alone 2%. What do you recommend for Canadian’s and am I focusing my search in the wrong areas? I live...

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October is Online Security Awareness Month

On today’s show we are talking about cyber security. October is the annual cyber security awareness month. As more and more of our lives seem to have an online connection, there is a tug of war between convenience and security. Our mobile devices are always listening....

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Influencing Bureaucrats

On today’s show we are talking about how to speak to bureaucrats. This past week I attended a public consultation meeting with city officials. They are trying to gather community input on the question of housing quality, availability and affordability. Tenant advocacy...

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We’ve seen that movie before

Entrepreneurship is a hot topic these days. The story of the startup founder turning a great idea into a thriving business is the raw material of modern urban legend. Then there’s the dark side. There’s the stories of greed, of jealousy, and of insecurity. These are...

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Not Quantitative Easing

On today’s show we’re going to run a small experiment. Let’s imagine that you went into the casino in Vegas wearing a baseball cap that says Federal Reserve. You sit down at one of the card tables and start playing. But one player, the one with the baseball cap has...

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Canada Elects A New Government

Yesterday was the Federal Election in Canada. The incumbent Liberal Party under Justin Trudeau had a majority prior to the election with 177 out of the total 338 seats in Parliament. At total of 170 seats are required to form a majority. There were 6 parties vying for...

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When Your Project Isn’t Selling

Today’s show is a case study of a specific project which my wife and I visited this weekend. It seemingly has all of the right elements. The location is one of the best in the city. It’s directly across from the Rideau Canal one of the most historic and picturesque...

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Special Guest Hayden Crabtree

Hayden Crabtree is based in Atlanta Georgia and he owns and operates storage facilities in multiple states. On today's show we do a deep dive on a specific case study that I think you'll find fascinating.

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Special Guest Nicky Billou

Our guest today is the host of the Thought Leader Revolution Podcast. Nicky specializes in working with business leaders, olympic athletes, and authorities who are looking to establish themselves as thought leaders. You can reach Nicky at http://ecircleacademy.com. He...

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What Were The Politicians At City Hall Thinking?

On today’s show we’re going to do a deep dive into a city consultation process as they grapple with the question of how to manage what is perceived as a problem with affordable housing in our city. To that end, they’re holding a number of public consultations...

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Banking As A Service

In the good old days you went to the big box store and purchased a software application in a large cardboard box. The software as contained on a CD and you installed the software on your computer. These days, software is rarely a product any more. It’s increasingly...

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What is Free Anyway?

On today’s show we’re talking about the race to the bottom. You have to admit, it’s hard to compete with “free”. There are numerous examples of products and services that used to cost money, that all of a sudden are “free”. If you were in business relying upon service...

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AMA – Stock Market Bubble?

Pam in New Orleans asks: Harry Dent recently published a view that says “The Biggest Stock Market Bubble In History Set To Crash.” What are your thoughts on what Harry has to say? Pam, this is a great question. Harry Dent is an economist who specializes in using...

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Live From Annapolis

On today’s show we’re coming to you live from Annapolis Maryland. Annapolis is the capital of the state of Maryland. It’s also the home of the US Naval Academy. This is where the US Navy trains its officers. It’s also home to the world’s largest in the water boat...

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Special Guest, Joe Quirk

Joe Quirk is President of the SeaSteading Institute. On today's show we're getting an update on the advancement of the technology of life on the high seas. Listen to this fascinating conversation.

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Special Guest Peter Conti

Peter Conti is the author of "Commercial Real Estate For Dummies" and lives with his family in Annapolis Maryland. Six years ago, he survived a devastating motorcycle injury. As part of his rehabilitation, he walked the entire Appalachian trail from Georgia to Maine....

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Pop Up Hotels

The idea behind today's episode came to me from one of our listeners. Hayden in Atlanta share some details on the topic of today's show. So thank you to Hayden for keeping your eyes open to what's happening in the marketplace. The latest of these is a new company...

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He Who Holds The Gold

Governments all over the world have resorted to FIAT currencies that are no longer tied to the value of a hard asset. The word FIAT comes from Latin and simply means “by decree”. The fact is, both gold and silver have been money for centuries. It’s only in the last 50...

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Internal Rate of Return Metrics

On today’s show we’re talking about how to measure the financial merit of an investment. How do you compare two investments that pay the investor according to differing formulas? Some investments pay greater cash flow. Others have more aggressive loan principal pay...

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Investment Metrics – The Equity Multiple

I often have both investors and consulting clients ask me about various metrics contained in the executive summaries we prepare. In order to maximize the benefits, investors need to know how to effectively compare opportunities. That’s often easier said than done,...

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Special Guest, Jens Nielsen

Jens Nielsen came to the US from Denmark. He now resides in Durango Colorado and invests in New Mexico. Like many, he made the transition from corporate life to full-time real estate investing. 

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AMA – Which News Sources Do You Trust?

Leon from Ottawa asks, ”I listened to 7 of your podcast episodes in the past week. One thing that stood out to me was when you made the point about how the mainstream media sell sensational media. My question is Which news, info media resource outlets do you trust and...

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Segmentation of Supply and Demand

Manhattan is one of the most dense markets in the world. Over the past 7 years there have been more than 16,200 units completed in New York in 682 new buildings. But today, roughly one in four of these remains unsold. This is astounding when you consider that the...

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AMA – Can New Supply Stimulate Demand?

Robert from Detroit says, ”Victor, I love how you talk about real estate from a business perspective. It’s fresh, clear and its devoid of the industry jargon. The question was if you’re in an area where there is a lot of new investment going into an area, such as...

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Book of the Month – Presuasion by Robert Cialdini

On today’s show we’re focused on the book called PRE-Suasion by Robert Cialdini. Now it’s not persuasion, it’s a made up word pre-suasion. The main idea behind the book is that we as humans are often easily swayed by momentary framing of attention. That framing seems...

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International Podcast Day

Today is Rosh Hashana, Jewish new year. Happy New Year to all our listeners of the Jewish faith. Today is also International podcast day. Today is a great time to celebrate the podcast medium, which is really quite new. Think about it. The entire genre was invented by...

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Special Guest, Josh McCallen

Josh and his wife Melanie come from Philadelphia where they specialize in repairing distressed resort properties. This talk is a fascinating conversation about the resort business and how they have built this from deeply distressed properties as a starting...

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George Ross on Disclosure

George is a frequent guest. On today's show, we're getting George's thoughts on the responsibility for sponsors and syndicators to disclose news. This was driven by news this week that securities related charges were levied against three top executives at VW.  

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Why We Work Doesn’t Work

Barely a week ago, Adam Neumann was sitting atop the most valuable startup in the U.S. and getting ready for a blockbuster initial public offering. Now he’s out of a job. Back in April of 2018 I dedicated an episode to WeWork and the problems that I saw with their...

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The Balance Of Trade. Importing And Exporting Culture

The US is very concerned these days with the balance of trade. But the US has successfully exported one thing more than any other country on earth. It has exported elements of its culture world-wide. I’ve traveled all over the world and heard American music. I’ll...

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US Short Term Repo Rates Spike

What is a Repo Rate and why did it jump to over 5% in just one day? The newspaper headlines were stating that the last time this happened the economy was in 2008 and was on the brink of collapse. The implication being that perhaps the economy is much weaker than the...

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AMA – Emotional Support Pets

Today is another Ask Me Anything episode. Mike asks, I love the podcast. Quick and packed with good info. I have around 75 single family rental houses and recently it seems that people are applying more and more with emotional support animals. Apparently I can't say...

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Oh Bernie, We Need To Chat.

If you listen to some of the election rhetoric coming out of the most left leaning candidates, you might be alarmed. And you should be. I don’t have any party affiliation. I don’t even get to vote in the US election. I’m not a US citizen. I’ve read through Bernie...

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The Myth of Real Estate

Today’s show was inspired by a number of emails I’ve received over the past month. I’ll get to that in a minute. In reality, today’s show is about the myth of real estate. There is a Giant myth and it’s perpetuated by the people who promote the free evening intro to...

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California Rent Control Insanity

On today’s show we’re talking about how Assumptions create the mother of all catastrophes. The latest case of this is in California where they just implemented rent cap legislation. It’s no secret that the tenant population in California is swelling. California is...

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AMA – Should I Take Seller Financing?

Today is another AMA episode. On today’s show Richard asks “I have a seller who is in their mid 80’s and has been a little difficult to work with. He has a development site that is zoned R3 and we can build a profitable project on it. We can get 5 units by right, and...

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AMA – Zoning Application With Community Opposition

Lee from Michigan writes. Hello, I really enjoy your podcast.  Met you briefly at the Real Estate Guys Syndication conference in Sept. 2018. Here's my question: My real estate partners and I have the opportunity to purchase a great 14-acre parcel of vacant land in the...

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Special Guest Ali Boone

Ali Boone is the CEO of Hipster Investments. She got her start as an aerospace engineer and a pilot and quickly discovered that she was an entrepreneur at heart. Loved this conversation with Ali. 

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Special Guest Omar Kahn

Dallas based Omar Kahn got his start in Investment Banking in Canada. Today he puts together large projects around the nation. We had a wide ranging conversation on the skills needed to make the transition from corporate life to being an entrepreneur.

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The Addict Is Resistant To The Drug

Have you ever wondered how the hard core drinker can pound back a six pack of beers and not seem the least bit intoxicated? In the meantime, your tea toddling aunt gets silly after half a glass of wine? It’s because the addict becomes resistant to the drug. On today’s...

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Making An Apartment A Home

On today’s show we’re talking about the difference between a commodity and a home. From an executive summary, or an Excel spreadsheet, multi-family offerings look pretty much the same. They have lovely photos, and the numbers look compelling. I find that newer...

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Mobile Home Park Senior Housing

Mobile home parks have long been a part of the senior living landscape, and they have emerged as one of the most in-demand product types in recent years. They offer investors stability and steady returns, and they provide older adults amenities found at other senior...

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Coop Senior Housing

On today’s show we’re talking about a niche within senior living, and that is coop housing. It’s a small and slowly growing segment. For some, it has become a competitive option in some markets, and may gain further traction by addressing several pressures facing the...

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Mortgage Insurance Privatization

Late last week, The White House released its long-awaited plan to reform the nation’s housing finance system and privatize Fannie Mae and Freddie Mac, calling it the "last unfinished business of the financial crisis.” In the report, they call these mortgage insurers...

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Special Guest, Jim Murray

Jim Murray is based in Rhode Island. He's a professional property manager who got his start in real estate through house hacking. Listen to this entertaining conversation about house hacking. Jim can be reached on Instagram at REICashFlowKing. 

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Special Guest Rich Danby

On today's show I'm talking with Ottawa investor Rich Danby about some of the painful real-life lessons earned from working with contractors. This is an important show that every investor needs to hear.  

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Search Engine Optimization

On today’s show we’re continuing our series on digital marketing. A few of my consulting clients have asked about SEO. So on today’s show we’re going to cover some of what’s new in search. It’s no secret that the majority of the business goes to the businesses that...

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