AMA – Lender Asks For Additional Security

This question came up on Saturday where it was part of a lunch discussion with a group of investors over the weekend. This particular sponsor was trying to figure out how to work with a private lender who would be lending funds that the project sponsor would...

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Special Guest, JP Albano

JP Albano skipped over single family homes and small rentals and dove directly into the world of multi-family investing. His first investment was a 28 unit building.  You can connect with JP at jpalbano.com

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AMA – Qualified Opportunity Zones

Dr. Kevin Hsu from NYC asks I like your idea of buying on the line and moving the line. Does that concept ever apply to what the US government calls “opportunity zones” as well , those designated areas generally which are considered bad and in need of development ,...

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Beware Auction Fever

On today’s show I’m talking about a property that I placed an offer on, and ultimately lost. The West end of Ottawa Canada has extremely low inventory. Some realtors estimate that there are 75 potential buyers for every one seller. Inventory is less than 10 days. In...

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Fixed Price Versus Floating

On today’s show we’re talking about how to save money by unbundling. There’s two ways to buy a service. You can pay an hourly rate, or you can pay a fixed price. It’s attractive for a buyer to pay a fixed price from a budgeting standpoint. If you are raising capital...

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World Economic Forum Outlook

On today’s show, we’re talking about a global perspective of growth. The World Economic Forum opened this week in Davos Switzerland. The price of admission to that conference is high, but the networking is awesome. If you’re like me and have projects to get done,...

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AMA – Broken Stove in Tenant Apartment

This question is from Carol in Toronto. My husband and I have been living in the same rental for 18 years. For the past 6 weeks, our stove has stopped working and the landlord has not fixed it. He claims he doesn’t have the money. My landlord has been increasingly...

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Special Guest, Roy Smoothe

Roy Smoothe hails all the way from the UK, where he specializes in helping business and entrepreneurs with their brand image. You can learn more about Roy at RoySmoothe.com or at his music website success2music.com. Join me for this fascinating conversation about how...

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California Solar Power Mandate

On today’s show, we are talking about solar energy. Let me be clear, I want solar to work. I have solar electric panels on both of my sailboats. I love the idea of getting energy for free. If solar energy is going to take hold on a large scale, it will be because it...

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It’s An Honest Mistake

On today’s show, we’re talking about math errors that some contractors make. These are simple errors to make, but ones that can cost you money. There are many places where a contractor can hide expenses and it can be difficult for you to figure out where they are....

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When Your Project Budget Is Too High

On today’s show we’re talking about what to do when the numbers don’t work. You look at a property, you think there’s a deal. But then you run the numbers and pretty quickly conclude that the margin is too thin to take the risk. At the same time, you see multiple...

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Getting Good Quality Construction Quotes

On today’s show we’re talking about how to get construction quotes that make sense. It’s easy to be confused by multiple quotes. On today’s show we’re going to do a case study on a small commercial office build-out in an office. The scope of the work was to partition...

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Special Guest Matt Shields

On today's show, I'm talking with Matt Shields about how he made the transition from single family investing to multi-family apartment buildings. Matt is based in Cleveland Ohio and is investing in multiple markets including Atlanta. 

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Loe Hornbuckle and Austin Good

On today's show I'm talking with Loe and Austin about the merits of purpose built townhouses for rent. This particular product offers some advantages and differentiation in the market when compared with large scale higher density multi-family complexes. Loe can be...

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Loe Hornbuckle and Austin Good

On today's show I'm talking with Loe and Austin about the merits of purpose built townhouses for rent. This particular product offers some advantages and differentiation in the market when compared with large scale higher density multi-family complexes. Loe can be...

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The Missing Middle

On today’s show we’re talking about the missing middle. Modern cities tend to get most new housing in either very low-density (usually suburban), or very high-density buildings. In many North American cities, most new units are either detached, semi-detached and...

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Retiring on Cruise Ships

On today’s show we’re talking about one vision for retirement that a number of people are actively doing. For some people, the vision of retirement is that they will take time and travel the world. There’s no better way to do that than aboard a cruise ship. From the...

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Government Over-reach Stopped in One Case

On today’s show we’re talking about government over-reach which has been partially stopped in one instance. Municipal Governments all over North America are trying to implement rules to improve the quality of rental accommodations in their cities. One of the methods...

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AMA – Wait For A Correction?

Dr. Kevin Hsu from NYC asks, “ I’m curious your opinion on something I heard Jeremy Roll and various other experts say on podcasts in 2019 - that the market is very hot in Multifamily in the past several years, cap rates getting compressed, and the best thing would be...

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AMA – Wait For A Correction?

Dr. Kevin Hsu from NYC asks, “ I’m curious your opinion on something I heard Jeremy Roll and various other experts say on podcasts in 2019 - that the market is very hot in Multifamily in the past several years, cap rates getting compressed, and the best thing would be...

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Special Guest Sean Gray

Sean Gray has a special message for those under 30, and in particular, those who are twenty-two without a clue. By getting in the right environment,  by hanging out with Robert Kiyosaki and Ken MacElroy, he's managed to develop skills that are unusual for someone so...

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Talking Goals with Special Guest Robert Helms

My good friend Robert Helms of The Real Estate Guys Radio Show has just completed the second full year of operation at Mahogany Bay Village, a Hilton Curio Collection Resort. This is an extraordinary property with features and experiences that are unique in the world....

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The 15 Minute Community

On today’s show we’re talking about one of the latest ideas in community design. It’s the 15 minute neighborhood. The idea behind the 15 minute neighborhood is that everything you need to live your daily life should be within 15 minutes walking distance of your home....

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Today Is Just Another Day

A milestone date is just another day, or is it? As we enter 2020, the only thing that’s different is that we are a day older, either more tired, or better rested, depending on what you did in the past 24 hours. It’s part of the social dialog to set New Year...

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BOM – The Body: A Guide For Occupants

Today’s book is in a completely different track from books we’ve reviewed in the past. Today’s book is called “The Body: A Guide For Occupants”. By Bill Bryson. Bill Bryson was born in Des Moines, Iowa. For twenty years he lived in England, where he worked for the...

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The Decade In Review

Today is New Year’s Eve and it also marks the end of a decade. On today’s show, we’re taking a look at the decade in review. A decade ago we were in a post-911 world where many western countries were embroiled in conflicts in Iraq and Afghanistan. There was the...

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2019, The Year In Review

On today’s show we are looking back on 2019. The year in retrospect. 2019 is notable as much for what happened as for what didn’t. For me personally, it was a year of mixed results. We completed construction on two projects. We completed the refinance on two apartment...

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2019, The Year In Review

On today’s show we are looking back on 2019. The year in retrospect. 2019 is notable as much for what happened as for what didn’t. For me personally, it was a year of mixed results. We completed construction on two projects. We completed the refinance on two apartment...

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2019, The Year In Review

On today’s show we are looking back on 2019. The year in retrospect. 2019 is notable as much for what happened as for what didn’t. For me personally, it was a year of mixed results. We completed construction on two projects. We completed the refinance on two apartment...

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Special Guest, Steffany Boldrini

Steffany Boldrini entered the world of real estate investing from a technology background in Silicon Valley. She is also the host of the Commercial Real Estate Investing From A to Z Podcast. She can be reached at...

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George Ross on Goal Setting

On today's show I'm asking George how to set expectations with myself and stakeholders when projects are running late and I'm carrying some of my 2019 goals into 2020. Love his practical no-nonsense approach.

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Flat Fee Real Estate Brokerage Business

On today’s show we’re looking at the efforts to disrupt the traditional real estate markets. British company Purple Bricks announced earlier this year that they are pulling out of the US market. The company is one of several fixed fee brokerage companies that have...

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AMA – How Many Apartments Do I Need To Retire?

Whitney from Phoenix asks. How many apartment units do you think I would need to retire comfortably if I’m just relying on the monthly cash flow. I’m finding it hard to project the cash flow into the future and properly model for inflation. Any thoughts on how I can...

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We’ve Got Mail

Thank you to all the loyal listeners. Producing a show each day has turned into a labor of love for me. I truly appreciate the letters and emails that I receive from you. I’d like to read a message I received earlier this week from Dr. Kevin Hsu in NYC. He writes,...

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Future Proof Cost Reduction

On today’s show we’re talking about value engineering your finished product. It’s hard to believe that a little bit of software makes it possible to save a bunch of money in the communications infrastructure for your projects. Today’s property has so many connections....

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Future Proof Cost Reduction

On today’s show we’re talking about value engineering your finished product. It’s hard to believe that a little bit of software makes it possible to save a bunch of money in the communications infrastructure for your projects. Today’s property has so many connections....

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Proposed Changes to Securities Regulations

On today’s show we are talking about a proposed change to the accredited investor definition by the SEC. The effect of the change would be to make more private investment options available to individual investors who have a level of financial education and...

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Solar Power with Owen Barrett

Owen Barrett from San Diego is a specialist in energy management. On today's show we're talking about the economics of solar power for multi-family apartment and commercial real estate projects. He can be reached at valueaddsolar.com.  

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Goal Setting with Rich Danby

I take several days each year to get clear on my goals and to set quarterly goals. This is such a vital exercise. On today's show I'm talking with my friend Rich Danby about goal setting in front of a live studio audience. 

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AMA – Is Development Like a Value Add Deal?

This question comes from Kyle. I am considering a new construction MF project. My business partner is a home builder and general contractor. Through my research on MF syndication it sounds like the majority of these deals follow the same cycle: - Value Add Building -...

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AMA – Is Development Like a Value Add Deal?

This question comes from Kyle. I am considering a new construction MF project. My business partner is a home builder and general contractor. Through my research on MF syndication it sounds like the majority of these deals follow the same cycle: - Value Add Building -...

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Live on Location in Key Biscayne

I’m coming to you live on location from Key Biscayne Florida. One of the most beautiful places to visit in the US are the Florida Keys. The waterfront homes in the keys are a dream to me. Many of them are built up on stilts to protect them from the storm surge of the...

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Why Are The French Protesting On A National Scale?

On today’s show we’re talking about what’s happening in France. I spend several months a year in France and I used to manage a team of 110 people in France for several years. I understand a little about French culture, and it’s very different than we’re accustomed to...

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The War On Short Term Rentals

On today’s show we’re talking about the war on short term rentals. Communities around North America have been establishing new regulations designed to reduce the number and scope of short term rentals in their communities. Many communities are facing a shortage of...

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Opinions, Opinions

On today’s show we’re talking about opinions. The nice part about opinions is that there is no shortage of them. The world is unlikely to run out of them any time soon. Last week we reported on the podcast that Fannie Mae had published their housing confidence metrics...

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George Ross on Liquidity

On today's show, I'm talking with George about how to maintain liquidity in your business. Having cash on hand is vital for dealing with the unexpected. I love George's practical wisdom and common sense approach. 

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Work Life Balance with Josh McCallen

Josh McCallen is the CEO of Renault Winery and specializes in redevelopment of distressed resort properties. On today's show we talk about what it means to be a parent and integral to the family when the  business life of an entrepreneur can pull you in many other...

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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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