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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Digital Marketing Broken Down

We are continuing our deep dive on digital marketing. If you’re in business, you need to make sure your clients know what you have to offer. The most valuable pile of gold bars hidden in the middle of the Sahara desert is worthless if nobody knows about it. As real...

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Facebook Bans Apple

The year was 1888 and Almon Strowger was the local undertaker. The phone systems of the day were answered by human operators who would make the physical connection for you using a giant patch panel. In his home town of La Porte Indiana, one of the telephone operators...

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When Tight Markets Turn Quickly

On today’s show we are talking about one of the factors that can be at play in a tight market. We have just gone through a period of more buyers than sellers, of rapidly rising prices and of multiple offers. That’s not all markets or sub markets. But many major...

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AMA – Where Can I Find a Mastermind?

Patrick from Austin Texas writes. Hello Victor. Congrats on all of your success. I have followed you for years now. Do you suggest any good masterminds. I currently own 110 single family homes for rentals. I have them professionally managed so I only spend 15 minutes...

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Have I Got A Deal For You!

How often to marketers create artificial scarcity and tap try to manipulate their prey through fear of missing out or the acronym FOMO for short. This kind of manipulation is repulsive, see-through and yet we’re subjected to it time and time again. It’s like the store...

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The Impending Recession

On today’s show we are talking about the impending recession. Yes, that’s right, the impending recession. I believe that both Europe and the US are facing recession later this year if they are not already in an economic downturn. What is the reason? Bloated...

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AMA – The Buyer Needs An Extension

Kara from Ottawa Canada asks. I have a firm agreement with a buyer for the sale of a property. Two weeks before closing the lender for the buyer indicated that they want to order a new appraisal and therefore the closing date cannot be met. The Buyer is proposing that...

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Another Leading Economic Indicator

On today’s show we’re looking at another economic indicator that might signal a weakening economy. Truckers have for months been sounding the alarm about a "bloodbath" in their $800 billion industry. This year alone, some 2,500 truck drivers have lost their jobs as...

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Amazon To Help You Buy A House?

Realogy Holdings Corp the largest full-service residential real estate services company in the United States, announced a couple of weeks ago a collaboration with Amazon. The new program is called TurnKey, a new homebuying program that simplifies the process of...

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Il Mundo Fantastico

Today’s show is a very special edition where I came across a lesson in marketing that was simply too brilliant not to share with you. We’re talking about taking a commodity, a commodity that is traditionally sold by the pound, and elevating it to another level, by...

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Il Mundo Fantastico

Today’s show is a very special edition where I came across a lesson in marketing that was simply too brilliant not to share with you. We’re talking about taking a commodity, a commodity that is traditionally sold by the pound, and elevating it to another level, by...

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Special Guest Chris Prefontaine

Chris is based in Newport Rhode Island, where he runs a family business investing in single family homes across four states. His recession proof strategy has positioned him extremely well for any economic conditions. He also has a free book for our listeners at...

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AMA – Should I Buy That High Cap Rate Building?

Linda from Katy Texas asks: "I’ve been considering buying an apartment building in a depressed area with the hopes that I can fix it up and increase the value significantly. Even at today’s rents, the property is being marketed as a 10% cap rate property. I can’t seem...

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Ancient Rome Versus Modern Rome

The year was 211BC and ancient Rome introduced the denarius as its money. The coins were nearly pure silver and the coins had a theoretical weight of about 4.5 grams.  The standard, although not usually met in practice, remained fairly stable throughout the Republic,...

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Tom’s Diner

Today’s episode comes to us directly from Simon Black. If you don’t know Simon Black or know of him, he publishes the wildly popular Sovereign Man Newsletter.  Today's episode is the story of Tom's Diner in Denver, Colorado. It's about how some local activists nearly...

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The Master Resource

On today’s show we’re talking about one of the hidden costs, and therefore one of the hidden values of a parcel of land. This has to do with access to fresh drinking water. Water is emerging as the master resource that will determine the very survival of the human...

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Two Prefixes

On today’s show we are examining the difference between two prefixes  A prefix is the start of a word that modifies the meaning of a word. In the word anti-septic, anti is the prefix that changes the meaning of the word septic.  In today’s show we’re examine the...

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What am I getting for my birthday?

Yes, today is my birthday and I’ve been thinking about what I might like for my birthday. We’re coming to you live on location in France.  If you’ve been wondering where you might want to retire, living the dream of owning a large, spectacular and historic building in...

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What am I getting for my birthday?

Yes, today is my birthday and I’ve been thinking about what I might like for my birthday. We’re coming to you live on location in France.  If you’ve been wondering where you might want to retire, living the dream of owning a large, spectacular and historic building in...

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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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