The World Economic Forum opened its annual meeting on Monday evening in Davos Switzerland. This five day in person event is one of the global networking events of the year where you can rub shoulders with some of the most influential people in the world. These folks...

When you think of Elon Musk, we largely think first of Tesla, or PayPal, or more recently Twitter. None of these has the potential to materially impact the value of real estate. But SpaceX has changed the value of real estate in ways that are not showing up readily in...

Carina Guzman specializes in land development. On today's show we are talking about a 90 acre residential subdivision that is next to a ski resort. To learn more or to connect with Carina, you can find her on LinkedIn, or on Instagram at...

Aundrea Newbern is the Chief Operating Officer at Get Rich Education. She also runs several businesses including a property management company, and a crime scene cleanup company that is based in Detroit Michigan. It turns out the crime scene cleanup can be a valuable...

Today’s show is a little bit of a retraction, or perhaps a refinement of something we have covered last year. The US Federal Reserve had it right. The economists working for the Fed in 2021 suggested that the inflation we were experiencing was transitory. That was the...

On today's show, we're answering a question from Martin who is looking to underwrite a small development project using an existing structure as the basis for the new higher density building.  ---------------- Host: Victor Menasce email: podcast@victorjm.com

Today’s show is the first in a series we are calling back to basics. Back to basics means getting clear on underwriting criteria. On today’s show we’re going to examine the interplay between your project approval criteria, versus your lender’s project approval...

On today’s show we’re taking a closer look at what it takes for the Bureau of Labor and Statistics to declare their numbers for GDP, and ultimately when they declare that we are in a recession. Why is this important for real estate investors? Well, interest rates keep...

On today’s show we are going to focus on the market for T-Bills to try and understand why there is an apparent shortage of this paper. Demand is exceeding supply. Why is that? It doesn’t make sense. Is the market saying that they want to US government to spend even...

Sam is based in NYC where his company is undertaking one of the most innovative coastal clubs that are actually floating private membership clubs. The first club will be located in Miami and you can learn more about the project at Arkhaus.miami.  ---------------...

Fred Moskowitz specializes is based in Philadelphia and specializes in buying notes from lenders. He's a real expert in finding notes that are being sold in the secondary market. To learn more, you can download some amazing material at giftfromfred.com, or connect...

On today’s show we are going to talk about one of my favourite real estate development strategies. I call that strategy Buy on The Line, Move The Line. So what is that line? On one side of the line is a hot gentrified neighborhood. On the other side of the line is an...

We are starting to look back on the pandemic as one giant bubble. There was the stock market bubble, the lending bubble, the real estate bubble. The pandemic saw demand for certain products multiply. There was a shortage of hand sanitizer. These days, there are...

Today’s show is another AMA episode. Today’s question comes from Paul who asks: “I have always considered development projects to be high risk. How do you mitigate the numerous risks in a development project?" -------------- Host: Victor Menasce email:...

Today’s show is a deep dive into the world of artificial intelligence. There are a lot of marketing agencies out there that are offering to write content for you for your website, or your blog. The problem with hiring someone to do this work for you is that they are...

Signs of recession are everywhere. These metrics have not been seen in a long time. We are generally conditioned to think of a recession as a negative thing. But frankly, it’s a necessary part of the cycle and as real estate investors we should actually embrace the...

Out book this month is called "Who Not How" by Dr. Benjamin Hardy. I’m a huge fan of his work. Benjamin Hardy has listed Dan Sullivan as the primary author even though Dan Sullivan didn’t write a single word of the book. Rather, Dan Sullivan is the curator and...

This year was a year of managing the unexpected. Jan 1, 2022 was a day of optimism and a fresh start in a new year. The world was on its umpteenth wave of Covid. 0micron was the new word added to the vocabulary. The word endemic was being used and many countries...

The problems at Southwest Airlines demonstrate what can happen when your systems break down. All businesses, including real estate investment business have systems. These systems are designed to have limits. When you go outside those limits, you can’t expect those...

On today’s show we are talking about what is coming in the world of energy. So why am I telling you this? This is, after all a real estate show. Well, wherever there is low cost energy, there is economic growth. Wherever there is economic growth, there will be...

On today’s show we are talking about one of the unwritten rules that influences the success of medical facilities. In an ideal world, patients should be free to seek the medical care that is best suited to their condition. If they have insurance coverage, the insurer...

On today’s show we are talking about how to set goals for the coming year. There are two types of goals that you can set. The first are attainment goals. These are the goals that have a specific outcome. It could be something like “Buy a new house for my growing...

In the 1920’s stock market mania was in full bloom. The stock market was so hot that companies were issuing public share offerings at an unprecedented rate. In fact you didn’t even need an operating business to issue a public share offering in those days. The share...

Dr. Tom Burns is based in Austin Texas as one of the principals of Presario Ventures a private equity firm that specializes in construction of new apartments. On today's show we are talking about the current macro economic environment and how it's affecting new...

Today's show is an excerpt from the 2023 annual goal setting workshop. In this segment, we're talking about how to transition a goal into something tangible by putting a concrete plan behind it. Planning can be a daunting process. But it doesn't have to be.  If...

On today’s show we are taking a deeper look at what is happening in the world of short term rentals. This industry has become so developed that there are specialists in virtually every aspect of short term rentals. There are products designed to automate so many...

As real estate investors we are often conditioned to focus on rates of return as the primary criteria for investment. The past year has clearly adjusted investor expectations across the board. So far the stock market is down 25% this year. The bond market has been a...

On today’s show we are talking about global debt and the multiple exit strategies from that debt. Every stream of cash flow must have an exit strategy. When you go to the grocery store and put your groceries on your credit card, the institution who issued the card is...

On today’s show we are talking about one of the latest proposals to come from the securities and exchange commission. The proposed new rules which are outlined in a 490 page document that was circulating for comment since last year. Somehow in the middle of the...

On today’s show we are talking about changes in Aging Services. The senior housing category is one of the hottest areas of real estate investing. Unlike regular housing that is just bricks and mortar, senior housing is a service offering built on a real estate...

Tom Staub is based in Austin Texas where he is involved in large scale land development in outskirts of the city. These master planned communities offer features that are not found very often in typical suburban neighborhoods. To learn more, visit redoakvc.com....

Kevin May is the founder and CEO of Land Hub (www.landhub.com). His company specializes in land and only land. On today's show we are talking about how marketing land is different from other asset classes.  ---------------- Host: Victor Menasce email:...

On today’s show we are talking about inversions of all kinds. We have an interest rate inversion. That’s when short term rates are higher than long term rates. That’s the market signalling that they believe an economic slowdown is upon us and that central bankers will...

On today’s show we are dissecting the latest rate 0.5% federal funds rate increase announced Wednesday by Jerome Powell, chair of the Federal Reserve. We have become conditioned to believe that the Fed, acting as the central bank for the world’s reserve currency holds...

Today’s show is probably going to go down in history as one of the most important shows ever published on this podcast. That sounds like a bold statement. But the more I look at our global financial system, and out global monetary system, I’m increasingly convinced...

On today's show we're coming to you live from the 2023 annual goal setting workshop. These few minutes extracted from 2.5 days will give you a sense for the factors that enable effective goal setting. ------------------------ Host: Victor Menasce email:...

On today’s show we are repeating words that have not been heard for nearly a decade. In the wake of the GFC, short sales, underwater mortgages were pervasive in some markets and made up a significant percentage of market activity. Well according to a recent report...

Today's episode was recorded on-location at the Renault Winery in southern New Jersey. Josh and his wife Melanie rescued this storied property out of bankruptcy four years ago with a tentative mission of extracting value from a distressed asset. Fast forward four...

Eric Weiss is a world renowned executive chef and sommelier. He has served as food and wine consultant to the white house for 15 years, trained the staff at major properties all over the world. To connect with Eric, visit servicearts-inc.com ------------- Host: Victor...

On today’s show we are talking about what impacting labor markets and how that can affect real estate. In the food and beverage industry we’re seeing a massive shortage of workers. The question is, where did they all go? We saw in the most recent statistics for the...

On today’s show we are talking about off-balance sheet financing. Increasingly, borrowers are seeking ways to hide their liabilities so as to appear financially stronger than they are in reality. This represents a growing risk to the economy and financial as our debt...

On today’s show we are talking about what is happening in the world of energy. There are so many moving parts right now that it’s hard to make sense of what is going to happen to energy prices, and oil prices in particular.

On today’s show we are asking the question as to whether investing in a REIT is the same as investing in real estate? In order to answer that question we first need to unpack and define what a reit is . A real estate investment trust is a publicly traded fund that is...

On today’s show we are talking about the money supply and whether we would be better off with a fixed money supply such as when the dollar was on the gold standard. In a fixed money supply the economy cannot grow. In fact it is possible for commerce to be inhibited by...

On today's show, I'm coming to you live on location at the Norris Ranch on the outskirts of Colorado Springs. This is an extraordinary property that formed part of a much larger cattle ranch, originally close to 20,000 acres.  --------------- Host: Victor Menasce...

On today's show we are speaking with Joel Freidland. Joel is based in Chicago where he specializes in industrial space in the Chicago. Today's show is packed with statistics on the market and how to helps if you have multiple sources for capital. You can connect with...

Today is another AMA episode. Tony asks “I love your show and I wake up to your voice every morning. So much quality in a few minutes. My question is, given the changing market conditions, have you had to change your investment criteria? If so, how have you changed...

Our book this month is called “Iceland’s Secret “ by Jared Bibler. Jared is an American who worked on Wall Street as an analyst and trader. In 2004 after several trips to Iceland, he fell in love with the country and eventually sought employment in finance. His first...

On today’s show we are talking about what an inverted yield curve means for real estate investors. The yield curve is making headlines. The Wall Street Journal reports that the yield curve has not been this inverted since 1981 and 1981’s recession pushed unemployment...

How close is the US to a debt trap? We are all accustomed to thinking in linear terms. But exponential growth is all around us. Exponential systems grow without bound until they collapse. What is an exponential? It’s anything with compound growth. The only way for the...

On today’s show we are talking about central bank digital currency. This is the so-called digital dollar. Crypto currency started as a way to get transaction costs down to zero to enable micro-transactions online without the clearing costs of a Visa or Mastercard...

Keith is a repeat guest on the show. He hails all the way from Anchorage Alaska where he invests, and he is also the host of the Get Rich Education Podcast. He has several resources to share with you at getricheducationpodcast.com/course. --------------------- Host:...

Derek Dombeck is based in Wisconsin where he is the principal at a private lender specializing in residential investment and small multi-family properties. His foray into lending was an accidental path that resulted from the financial crisis that started in 2007....

On today’s show we’re talking about affordable housing initiatives. It’s no secret that housing in many major cities like Toronto, San Francisco, Vancouver, Los Angeles is increasingly difficult to find, and highly unaffordable. In a free market, this is a function of...

On today’s show we are talking about how to choose a property management company. Property managers come in all shapes and sizes. There are those who have strong corporate systems and processes and are excellent at managing hundreds of units on a single property. Then...

Can the silent tax solve our national debt problem? What is this silent tax I’m referring to? It’s inflation of course. The debasement of the currency has been used for centuries as a way of creating budgetary flexibility when governments have political desires that...

A lot has been said in very general terms about the looming energy crisis in Europe. Those of us who live in North America whether it’s the US or Canada simply have a hard time comprehending the scope of what is happening in Europe. I have family who live in Europe...

On today’s show we’re going to ask a few questions about the spectacular collapse of FTX. A lot has been written about FTX in the past week. My goal is not to repeat what you might have already extracted from the Wall Street Journal, Bloomberg, or any of a host of...

George Ross is a repeat guest on the show. On today's show George is offering his perspective on Donald's bid for President. He knows the man perhaps as well as anyone having worked with him for over 47 years.  ------------- Host: Victor Menasce email:...

Steve Rozenberg is based in Houston Texas where he flies 777 for a major airline, and he also invests in real estate. We discussed the mindset of a pilot and how it makes him a better real estate investor. You can learn more or connect with Steve at...

Folks there are about six weeks remaining in 2022. I believe goal setting is a critical component of success. If you have not started planning for next year, you are probably going to start the year without a solid plan. If you’re planning in January, then you missed...

I live in Ottawa Canada, and I invest primarily in the US. This fact has given me a unique perspective on markets. I started my investing career by investing in my home market. I made my first investment in 2006. After that, you might remember there was this little...

On today’s show we are talking about inflation and whether higher interest rates will even help. When you listen to Fed chairman Powell speak, he spends a lot of time talking about inflation expectations. In fact, he mentions inflation expectations as being anchored...

On today’s show we are asking the question “Are we in an orderly market?” Market volatility can be a function of exaggerated trading activity. In extreme cases, it can be the result of market manipulation. In the world of real estate, there are those market experts...

On today’s show we are talking about the importance of hiring the best engineers for your real estate development projects. Engineering is not just about technical knowhow. Engineering designs are multi-dimensional. When you fix one variable, you can often break...

All the way from Nashville, Tennessee, Leslie Anne Morris specializes in short term rentals in the Smokey Mountains. Today's show is a deeper examination of the laws of supply and demand and how choosing the best location is vitally important when it comes to short...

Matt Picheny is based in NYC where he started his career as a starving actor in live theatre. His journey into real estate investing is unique and inspiring. You can learn more and connect with Matt at picheny.com. Matt is also the author of the newly released book...

Today is another AMA episode (Ask Me Anything). Today's question comes from Collins I’m the owner of a nice property on one of the main highways in an area of south Alabama that has sustained steady growth over the last 30 years. In fact, the city recently placed a...

On today’s show we are talking about what’s happening in the world of construction. The supply chain shortages of the pandemic are continuing as China pursues it’s zero Covid policy. New lockdowns have been ordered in Guangzhou, one of China’s largest manufacturing...

On today’s show we are talking about the impact of construction cost saving on rental affordability. The narrative among tenant’s rights groups is that landlords are out there just getting rich and exploiting tenants. Developers need to be building more affordable...

On today’s show we are talking about a shadow market that appears in the grey zone of the real estate market. When a condo developer launches a new building, you often get speculators who make purchase commitments on newly released units. They believe these first...

We are reading the headlines about layoffs that have started across corporate America. Twitter made headlines this week. But then anything involving Elon is making headlines these days. Even Facebook parent Meta is expected to lay off thousands after hiring nearly...

There was a time when calling distressed home owners was a great way to find investment properties. Our guest this week runs a virtual assistant business with over 1,000 employees. On today's show we are talking about what makes for a successful hire when working with...

Mike Ayala now calls Austin Texas home. He and his partner Andrew Lanoie own, manage and operate a sizeable portfolio of mobile home parks. To learn more and to connect with Mike, check out the Investing for Freedom podcast.  ----------------- Host: Victor...

Today is another AMA episode (Ask Me Anything). William from Northern California asks, I find myself coming across more development opportunities and I'm needing some better "back of the envelope" criteria to help separate the wheat from the chaff.  Almost every...

On today’s show we are looking at the casualties of the latest Fed policy moves. On Wednesday of this week, the Federal reserve announced another 75 basis point increase at the FOMC meeting. These meetings happen every 6 weeks. The next one will be in the middle of...

On today’s show we are taking a look at some leading economic indicators that may give us some clues as to what is happening in our economy, ahead of the Federal Reserve’s meeting this week. I’m a huge believer in the law of supply and demand. In a world of short term...

Our book this month comes from Nassim Nicholas Taleb. He’s famous for his book “The Black Swan”. This book reshaped our culture’s thinking around rare but completely predictable events. His book, moved an entire generation of business leaders, and the title of his...

Today is another AMA episode (Ask Me Anything). Paul from Northern Florida asks. I would like to first thank you for your work on your show. Your broad range of subjects and guest has made this a daily must listen to program for me. So thank you again. I would like to...

On today's show George and I are discussing maintaining flexibility in negotiation. At the end, George offers some advice on how to negotiate with politicians. We are so blessed to have George's advice. At 94 years of age, one of the wisest men I know. ...

Michael Coffee is with Stacksource.com, a fintech company that provides an automated and streamlined borrowing process for commercial real estate projects. The service matches the borrower with the lender that offers the best terms to the borrower's needs. You can...

Our world is very confusing at the moment. Whatever thesis you create, you can find the evidence to support your point of view. Even a review of the headlines in the Wall Street Journal on a single day can be contradictory. Apple reports record revenue. Amazon...

Today is another AMA episode (Ask Me Anything). Mike asks, Hi Victor,  I listen to your great podcast a lot and I notice that you and your company do a lot of development, which obviously effects and impacts the worlds environment that we all share.  You...

As real estate investors we are very sensitive to interest rates. Rates for permanent loans are indexed to the yield on the 10 year treasury and in some cases on the yield for the 30 year treasury. But for short term financing like bridge financing or construction...

On today’s show we’re talking about a major development project that we have underway. We closed yesterday on a parcel of land consisting of 1783 acres on the edge of Colorado Springs. This property was part of a much larger property called the Norris Ranch that...

Today is another AMA episode (Ask Me Anything). Davindra asks I am a long time listener of your RE espresso podcast and have thoroughly enjoyed your well thought out  and efficiently delivered content.  Time permitting, I had a question on the most recent...

Allison Williams is a lender with walkerdunlop.com. On today's show we are talking about financing for multi-family apartment assets. Today's points are timely and top of mind for many investors.  --------------- host: Victor Menasce email: podcast@victorjm.com

Mikkel Thorup is based in Panama City, Panama where he helps people find a plan B residency in favorable locations. Many countries have programs that enable accelerated residency with investment in the country. You can learn more and connect with Mikkel at...

For the past several weeks we have been focusing on macro economic conditions. It seems that all markets, the stock market, the bond market, and real estate are being dominated by the macro environment. Traditionally, we think of real estate as hyper local, and it is....

On today’s show we are talking about three different scenarios of central bank monetary policy and how that could impact the world of stocks, bonds, and real estate. I believe it’s important for investors to be able to have intelligent conversations with each other....

On today’s show we are taking a look at the the impact of the falling Euro on US real estate. A recent report by brokerage house Marcus and Millichap looks specifically at this question. The Euro has fallen by more than 15% this year reaching a more than 20 year low...

On today’s show we are taking another look energy markets and how energy costs affect the price of virtually everything. I’m completely in favour of the idea of transitioning from burning oil, gas, biomass and coal to cleaner forms of energy. In the US there are still...

Real Estate values are often driven by influx of job and influx of population. On today’s show we’re talking about the semiconductor industry and the $52B injection of funds that are wrapped up in the CHIPS act. This 1054 page document is filled with goodies for the...

Amy Johnson is a partner with Y Street Capital and is based in Salt Lake City, Utah where she specializes in development in multiple cities across the US. On today's show we are talking about the relationship between the developer and city officials and how the...

Today's show is a live talk given earlier this week at the Ottawa Real Estate Investors Organization. We are talking about what you need to do as an investor to prepare for what's coming.  -------------- Host: Victor Menasce email: podcast@victorjm.com

Buckle up folks. I know this is starting to sound repetitive. But interest rates are heading higher, whether we like it or not. Our industry is incredibly interest rate sensitive, and the cost of capital is going higher. There are several inflation metrics published...

On today’s show we are talking about the market for sovereign debt and what it means for investors. We have a severe interest rate inversion where short term interest rates are higher than long term rates. The obvious question is “Why is that a problem?” If you think...

On today's show we are looking at what is happening in the office market in San Francisco as a proxy for what might be happening elsewhere in the asset class. Spoiler alert: It's not pretty.  ---------------- Host: Victor Menasce email: podcast@victorjm.com

The velocity of money tends to decline in highly indebted economies. The UK is currently one of those places that tried to use debt financing to restimulate economic growth. Instead, all they got was burnt toast, and you can’t unburn toast once it’s burnt. Let’s step...

When you design a building, the goal is often to ensure you are meeting the building code. After all, the building code was developed with health and safety has primary goals. In the world of senior housing, the building code is not nearly enough. On today’s show...