On today show, we are looking again at the macro environment. So much of what is happening in the world of real estate is being dominated by the macro environment, which is why we keep coming back that. It’s specifically on today show we are looking at a definition...

On today’s show we are talking about how cities are getting pressure to perform better when it comes to turning around zoning and building applications. Many cities have earned a terrible reputation for being bureaucratic nightmares when it comes to getting a zoning...

Some days it seems like we live in an upside down world.   Today’s show fits in the category of “You can’t make this stuff up.” It’s just too bizarre for words, and it would be even funny if it were not for the fact that this is real. Charlie Munger, who is Warren...

George is back in NY after spending the winter in Florida. On today's show we are delving into a topic that is explained briefly in a couple of pages in George's book on negotiation. His book is based on the course syllabus from when he taught negotiation at...

Jeff Scheckter is now based in Nashville after building a sizeable turnkey rental portfolio in Indianapolis. On today's show we are talking about how the macro conditions are affecting turnkey rental assets and how it might be time to pivot into other...

On today’s show we're looking at some of the most common mistakes that I see multifamily investors make in their underwriting. I'm presented with opportunities for multifamily projects of all shapes and sizes across many markets on a daily and weekly basis....

On today’s show we are taking a look at some economic metrics that are not getting much airplay or analysis in the mainstream media. But we real estate investors need to pay attention.   We continue to have both government and Fed officials talking about how the...

On today’s show we are going back to 1910. These were the origins of the formation of the Federal Reserve during a secretive meeting on Jekyll Island off the coast of Georgia.  Leading up to the fateful meetings that took place over nine days, there had been a series...

On today’s show we’re asking about how crime and lawlessness is bad for business, bad for rent, and bad for real estate investment.  -------------- Host: Victor Menasce email: podcast@victorjm.com

Switzerland is known for playing a central role in the global financial system. The nation’s stance of neutrality has earned it a position of trust in the financial system and the monetary system.  It’s no surprise that the Bank of International Settlements is based...

Brennen Degner is based in Denver Colorado where he is a principal at DB Capital Management. They invest in multi-family assets in four states through the southwest part of the US. On today's show we are talking about the capital markets and the current market...

David Chan is based in NYC where he specializes in agricultural land investing on a nation wide basis. You can learn more at their website farmtogether.com. David shares some eye opening statistics about agriculture in the United States. This is a truly fascinating...

Today’s question comes from Josh at Virginia Commonwealth University I’m appraising a 504-bed student apartment complex in a tertiary college market in Virginia. The property is unique, and recent comparable sales and reliable market data are scarce. I enjoyed your...

On today’s show we’re going to ask a number of “What if” questions. I believe it’s important to stop and think strategically about what is happening in the business world that can materially affect your own business. But before you can think strategically, you need to...

This past week, Marcus & Millichap published a new report on BORDER-PROXIMATE INDUSTRIAL  As we talked about a few weeks ago on the podcast, there is growing demand for local manufacturing, or manufacturing located within the continent of the North America. Global...

On today’s show we are looking at human behaviour to try and understand what is happening in the housing market.  It’s normal to associate a falling market with falling transactions, rising inventory, and falling prices. According to the laws of supply and demand,...

On today’s show we are talking about a spring-time ritual. The operation of the sump pump is linked to spring showers and the spring thaw.  All that water being held in the frozen ground or on the surface lets go all at once it seems and the water table rises quickly....

Franco Perez is based in Silicon Valley where he invests in mobile home parks. On today's show we are talking about the mobile home park strategies that Franco prefers in today's market conditions. To connect with Franco and to learn more visit franco.tv or...

Damion Lupo hails all the way from Birmingham Alabama where he specializes in retirement accounts. But not just any retirement accounts. He specializes in retirement accounts that maintain checkbook control with the beneficiary. On today's show we are talking...

Michael asks: I listened to your podcast about bridge loan default/buying opportunities that would hit the market.  Was this message mostly for big institutional investors or for anyone investing in real estate?  I was wondering how to find these opportunities to be...

Today's show was delayed by a widespread power and internet outage in Ottawa as a result of an ice storm. There has been a lot written in recent weeks about the US dollar and the potential loss of the reserve currency status. Rumors of the BRICS nations forming...

On today’s show we’re going to speak about a question that I received during a live zoom meeting. The question was about whether I thought it was a good idea to raise capital in the US for large scale industrial projects in India. The thesis was that there is a large...

On today’s show we are taking a look at a new law in the city of Los Angeles that has been recently amended called SB8.  This new rule states that no new development can take place that demolishes housing whether occupied or vacant unless replacement housing is...

Why is our money supply shrinking so much? Will that precipitate a credit crunch? On today's show we are looking at QT and what is driving it. -------------- Host: Victor Menasce email: podcast@victorjm.com

Brad Cartier specializes in developing new "missing middle" multi-family apartment buildings in secondary and tertiary markets within a radius of Ottawa Canada. On today's show we are talking about the merits of missing middle investment opportunities....

Dr. Pippa Malmgren is a very well informed economist who has served as a former presidential adviser and a national security advisor to the Joint Chiefs of the US military. She is extremely well connected and offers insights that are not being shared in the mainstream...

Governments across the US and Canada are starting to become creative when it comes to addressing the issue of affordability.  Rather than a straight cash handout, different schemes are aimed at assisting financing. California, Utah and Idaho are three states that have...

Tracy from Washington State asks: What does one do when a City imposes/interprets a code ruling wrong? I have a situation where a City official did not follow the standard guidelines for fire protection in a multifamily unit. Normally if buildings are located 10 feet...

 On today show, we are looking at how human behaviour can vary predictably damage to global banking system. There are many examples and many repeated opportunities in history to see this phenomenon at work. But on today show, we are going to look at a very recent...

On today’s show we’re talking about another missing piece in the puzzle over the evolution of money.  Crypto-currencies were launched with the promise of replacing FIAT currency with a crowd sourced anti-establishment, off-grid alternative. The technology is rooted in...

On today’s show we are looking at some currents that are underneath the surface which to me are very concerning. We have a history as a society of taking quantum steps to relinquish our individual rights in response to a crisis or even in some cases for convenience. ...

Today's show is coming to you live from the Secrets of Successful Syndication Conference in Dallas. We're talking about the current market reality. ------------ Host: Victor Menasce email: podcast@victorjm.com

Will Matheson is based in Charleston South Carolina. On today's show we are talking about student housing and the strategies that make for successful investment in that specific segment. To connect with Will and to learn more, visit his company website at...

On today's show, Roland asks: I listen to your podcast daily. Thank you for sharing your insights and bringing together a depth of knowledgeable people to share their real estate insights. George Ross is my favourite! I am writing to you because I am in a...

On today’s show we are answering a simple but important question: Is the market ignoring the Fed?  What does the yield curve tell us about the recent 0.25% rate increase  announced by the Federal Reserve on Wednesday.  The shape of the yield curve can tell us a lot...

 On today show, we are looking at why we might be experiencing a global debt crisis. So far virtually nobody in a position of authority is admitting that we have a debt crisis. As I said, on the show a couple of days ago, when a balloon bursts, it’s very often the...

We have had several investors ask us how we launch a new investment offering. On today’s show we are going to take a look under the covers for what it takes to launch a webinar to inform investors of a new investment opportunity.  When we have an investment...

 On today’s show, we are looking at the difference between acute pain and chronic pain. With acute pain, such as you might experience when you hit your thumb with a hammer can be all consuming. You can think of nothing else. Acute pain is usually temporary. But while...

Dan Lazar is coming to us from Melbourne Australia. He started his journey as a tennis player and eventually became Romanian national champion. Today, he's building homes in Melbourne. On today's show we get an update on what is happening in real estate in...

On today's show I'm speaking with George Ross about the current volatility in the banking system. His perspective is extremely helpful for those trying to make sense out of what's happening. If you would be interested in participating in my monthly...

Today’s email comes from Adam in Riverside, Ca. Victor!  Your podcasts are the best!  I continue to be a proud, loyal listener.  Thank you for continuing to deliver fresh and relevant content. Back in October, several of your podcasts foreshadowed...

Today's question comes from Zach who writes: First, I love your podcast and get great value from it. I really appreciate your straight forward analytical approach and using data to back your conclusions, not just opinion as is so prevalent in todays media. My question...

On today’s show we are asking the question, “Why do we need smaller banks?” After all, other countries seem to be dominated by a smaller number of very large banks. Why not rely on big banks and get rid of all the small banks altogether? In the wake of the great...

On today’s show we’re taking another look at what is happening in banking and at some of the risks that are inherent. The leaders at SVB made a strategic error. They failed to hedge their interest rate portfolio. After years of low interest rate policy and continued...

On today show we’re taking a deeper look at the Silicon Valley Bank failure that occurred on Friday of last week. This spectacular bang failure has been making headlines and I am not going to merely repeat the types of things you might be reading on the front page of...

Marco Santarelli is based in Laguna Beach California. From there he manages portfolios of turnkey rentals across more than 20 markets in the US. On today's show we are talking about the current market conditions. To connect with Marco, visit noradarealestate.com....

Richard Canfield is based in British Columbia and specializes in a concept called "Infinite Banking". This involves using funds borrowed from an insurance policy to help fund your real estate projects. He has a white paper that can be downloaded at 7steps.ca which...

This short segment is an invitation to an upcoming webinar scheduled for Wednesday, March 15 at 6PM Pacific Time, 9PM Eastern. Our team at Y Street Capital has been investing and developing storage product for some time.  Webinar Invitation Link:...

Today I had a realization. Amidst all of the confusion, all of a sudden the economic picture came clear. I was driving in the car this morning and a certain calm came over me. I’ve been wondering for weeks why there is conflicting economic data and I was unable to...

On today’s show we are talking about the fallout of Chairman Powell’s testimony to the House Financial Services Committee on Wednesday and the corresponding Senate committee on Tuesday. In his remarks, he reiterated that the Fed sees raising rates further in response...

On today’s show we are looking at where companies are making major investments. This is happening at time when economic uncertainty and higher cost of capital would suggest that it is not a great time to make major investments in new plant or equipment. There are two...

On today’s show we are talking about the theory behind economic cycles and how the theory completely fails to take into account the reality of our world. If you want to learn more about projects that we have underway at Y Street Capital, visit...

On today’s show we’re looking at the impact of black markets on the quality of data in today’s data rich environment. In particular, we are going to be looking at energy and trying to make sense out of numbers that just don’t add up. We have experienced one year since...

Neal Bawa is based in Silicon Valley and he invests in multi-family apartments mainly in Texas. On today's show we are talking about the market conditions and the impact of loan interest rates and terms on multi-family projects. To connect with Neal, visit...

Brent Bowers is based in Vero Beach Florida. Formerly from Colorado Springs, he now invests in land nation wide. On today's show we are talking about land investment strategy.  To learn more or to connect with Brent you can find him as Brent L Bowers on TicTok or...

Today's question comes from Zoe who asks: I purchased my first investment property, a mix-use triplex (commercial main floor and two 2bed/1bath residential above) downtown Hamilton on October 1, 2021 - At the time, we paid $1,100,000, put 25% down, and started a...

On today’s show we are looking at an absolute housing crisis in Canada. For many people this translates into a crisis of pricing. But in truth, this is rapidly emerging as a crisis of availability at any cost. Canada is a relatively small country in terms of...

Our book this month is definitely worthy of the book of the month. Our book is Daily Rituals: How Artists Work by Mason Currey. I was put onto this book by Tim Ferris who has been recommending it for some time. Daily Rituals is a fascinating book by Mason Currey that...

It’s no secret that home buyer activity has shrunk significantly over the past year. But which parts of the market have cooled the most? On today’s show we’re taking a look at which segments have cooled the fasted. ------------- Host: Victor Menasce email:...

Today's question comes from Martin who writes: I thoroughly enjoy the invaluable resource that you provide on the RE espresso podcast. I would like to get your opinion on a project that has come across my desk. Many aspects of the project are subject to the normal DD...

On today's show I'm having a conversation with George Ross about separation of mineral rights on one of our properties located in Colorado Springs and whether the separate mineral rights could represent a risk to any activities taking place on the property. ...

Mike Kaeding is based in the Twin Cities in Minnesota. On today's show we are talking about cost effective construction techniques. To connect with Mike or to learn more, visit Norhart.com.  ------------- Host: Victor Menasce email: podcast@victorjm.com

Many of you know me as the host of the Real Estate Espresso Podcast. By day, I’m the senior partner at Y Street Capital. We have several projects underway that are open to accredited investors residing in the United States. If you’d like to learn more, you can visit...

On today’s show we are taking a closer look at the impact of the earthquake in Turkey and Syria. We’ve all seen the images of collapsed buildings, of piles of rubble. The impact on those whose lives were lost and those whose lives were disrupted is staggering. We’re...

On today’s show we are taking a look at how some changes to the building code are driving significant new costs. Buildings are becoming healthier than they once were. It’s desirable to insulate a property in order to maximize efficiency. However, these highly sealed...

Federal Reserve officials like to call their decisions “data dependent.” Business leaders say it a little differently, often “data driven.” All well and good but does anyone really say otherwise? “To say you prefer seat-of-the-pants guesswork” doesn’t typically...

On today’s show we’re talking about diversification. You’ve all heard the conventional wisdom. Diversify your investments and you’ll be safe. But if we look at today’s environment, the traditional diversification doesn’t seem to be delivering the safety that investors...

Pete Reese is based in San Diego California where he specializes in flipping land on a national basis. On today's show we are talking about this niche where many parcels of rural land are neglected, unwanted, inherited, and otherwise under-utilized or under-valued. To...

Sean Caulfeild is a lawyer with the law firm LMSLaw where he practices real estate and corporate law. On today's show we're talking about several different types of property fraud and how to avoid them. If you have an experience with property fraud, we'd love to hear...

There are government studies like the census which show migration patterns. These are comprehensive studies that focus on completeness. But there are other studies from moving companies and from U-Haul which illustrate migration patterns in a statistically significant...

On today’s show we are talking about two different construction costs in the same location. We are vacationing in Mexico for a few weeks and naturally the topic of real estate comes up in conversation as it does. Our waitress by the pool is in the process of building...

On today’s show we are taking another look at energy markets. Many of you might know that my professional training is an electrical engineer. I understand physics, and energy in particular at a deep level. This is an area of such importance that I continue to study it...

You can't make this stuff up. On today's show we are taking a deeper look at the incredibly strong January jobs report that 517,000 jobs were created in the month of January in the US.  The report was at odds with the daily reports of layoffs in multiple...

On today’s show we are examining a legal case involving Nick Sirianni, head coach of the Philadelphia Eagles. Nick is best known for leading the team to this year’s Super Bowl. The Eagles did not win the Super Bowl in as a result of a field goal by the Chiefs in the...

Fernando Angelucci is focused on the world of self storage. We're talking about winning strategies in today's environment. To connect or to learn more visit  www.ssse.com  or call Fernando directly at (630) 408-8090. ---------------- Host: Victor Menasce...

George Bravante is based in the Central Valley in California. After spending a career in accounting and private equity, he moved to California to complete an acquisition. The intent was to stay just a year, which quickly turned permanent. Along the way he acquired...

On today’s show we are talking about construction defects that require a series of solutions to ultimately correct. ------------------ Host: Victor Menasce email: podcast@victorjm.com

Waterfront property can be some of the most sought after property in the world. This despite the added complexity and risks of owning waterfront property. The shoreline can be constantly changing, whether it is a fresh water situation or by the sea. You may have a...

Today is another AMA episode. Today’s question comes from Ryan in Los Angeles who is asking about whether it is better to adapt an existing building for senior housing, or whether it is better to build new? --------------- Host: Victor Menasce email:...

National Property Management software firm Yardi is one of the premier software systems used by the majority of the large scale property management companies. The data is hosted by Yardi on their own servers. As a result, they have access to a lot of data on their...

On today’s show we are doing a deep dive on a new report from Real Estate brokerage and consulting firm Cushman & Wakefield. They recently published a new study on construction costs for industrial facilities based on a survey of construction costs in 43 markets...

Jorge Contreras is based in Orange County California where he specializes in owning, managing, and consulting in the field of short term rentals. On today's show we are talking about the changing landscape in short term rentals and how to mitigate the risks. To...

Sam Kwak is one of the Kwak brothers on the The Kwak Brothers YouTube channel. On today's show we're talking about building a following using media like YouTube. To learn more you can visit the Kwak Brothers YouTube channel at...

Today’s AMA (Ask Me Anything) question comes from Ryan in Los Angeles who asks: What are the major components of a market feasibility study for senior housing and what do you consider strong indicators for a viable market? ------------ Host: Victor Menasce email:...

On today’s show we are taking another look at interest rates. Global credit markets seem to be at odds with the Federal Reserve’s hawkish statements. Jerome Powell announced on Wednesday another 0.25% interest rate increase in the federal funds rate. We heard the same...

Happy first of the month. On the first day of each month we review the book of the month. It’s not often that we get to reflect on timeless lessons. But that is just what “The Obstacle is the Way,” by Ryan Holiday does. The opening examples in the book draw upon...

When you buy a property, you can expect a property tax re-assessment in many parts of the country. So relying on the backward looking property taxes of the property may not be indicative of what you would pay once you own the property. Performing due diligence means...

On today’s show we are going to look at some of the changes underway in the world of banking. I believe that banks have learned a lot about their business processes over the past two years. The pandemic forced an acceleration of the transition away from performing...

Levi Lascsak is based Dallas Texas where he has mastered the art of using Youtube's powerful search capability to have clients find him. Today is a powerful show that you will want to pay close attention to. To connect with Levi, visit passiveprospecting.com and...

Matthew Ryan is based in San Francisco where his firm specializes in developing co-living projects. Co-living is a product class aimed at the young professional who is seeking an affordable high quality accommodation in high priced markets. To connect with Matthew and...

On today’s show we are talking about how having a sewer pipe at the edge of your property may or may not be useful. It’s a very common assumption that if the city services are available in the street, or perhaps nearby, you can have access to sewer services for your...

These days at our development company Y Street Capital, it seems like we spend every day in underwriting. We are analyzing potential new projects, re-analyzing existing projects, and then analyzing them again. Bond yields are changing, which means interest rates are...

How is the US dollar still the world reserve currency? Every year or two it seems like the US is running out of money again. Legislative gridlock, combined with spending money like drunken sailors leaves the population wondering whether those in Washington entrusted...

You know me as the host of the Real Estate Espresso Podcast. By day, I’m also one of the partners at Y Street Capital where we specialize in new construction and development projects across the US and Canada. We are observing that Investors these days are cautious. We...

We have heard of a debt trap. This is where the cost of servicing a debt exceeds the cash flow needed to service the debt. In those instances, some borrowers take on additional debt hoping for better days and hoping to outrun the bankruptcy. States, cities and...

On today's show we're talking about the negotiating techniques for sellers who are looking to sell when few people are buying. George taught negotiation at the law school at New York University for over 20 years. His writings on negotiation are based on his course...

Paul Kazanofski is based in Nashville Tennessee where he runs Revision Homes, a high volume house flipping and one of the premier custom builders in Nashville. On today's show we are talking about the state of the market and how the downturn is affecting people in the...

What is the no-sale auto auction, and why do we care as real estate investors? The world of real estate is highly dependent on borrowing and the liquidity and affordability that banks and other major lenders can offer. But banks lend in multiple areas. They have...

On today’s show we are going to take a closer look at AI tools that are making headlines. A couple of weeks ago I put out an episode on the OpenAI framework and the software ChatGPT which uses that framework as the underlying AI engine. In that episode I gave some...

According to an article published in the Bloomberg Law Journal last week, we are in store for a massive meltdown in the world of hospitality. Just as it appears that travel is returning to normal, hotels are about to get slammed in the side of the head again. But this...