The Real Estate Espresso Podcast

Latest Episodes:

AMA - Enforcing Developer Commitments Sep 04, 2023

Show notes

Today is another AMA episode (Ask Me Anything)

Jay writes:

I recently bought a lot in a subdivision. Where do I find out what the developer has agreed to do exactly for the infrastructure? I already discovered a public access walk path that is graveled and the plot said it’s supposed to be paved. Where can I go to get details of what is supposed to have been done to the infrastructure including promised amenities?

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Host: Victor Menasce

email: podcast@victorjm.com

Student Loan Distress with Angie Stauffer Sep 03, 2023

Show notes

Angie Stauffer is based in Gilbert Arizona where she is a senior executive with YRefy. The company helps student loan borrowers in distress with loan modifications. These loans cannot be forgiven through personal bankruptcy. By lowering the interest rate and extending the amortization period, the company gives the borrower a realistic and affordable plan for repayment of the loan. To learn more, visit investyrefy.com or reach out to Angie at AStauffer@yrefy.com

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Host: Victor Menasce

email: podcast@victorjm.com

Robby Butler Sep 02, 2023

Show notes

Robby Butler recently joined our real estate development team. On today's show you're going to get a chance to meet him for the first time. You can reach him directly at robby.butler@ystreetcapital.com

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Host: Victor Menasce

email: podcast@victorjm.com

BOM - Building an Elite Organization by Don Wenner Sep 01, 2023

Show notes

In his book "Building an Elite Organization", Don Wenner, the CEO of DLP Real Estate Capital, documents some of the principles that he has used to grow his company and has earned the honor of being on the Inc 5000 fastest growing company list for 8 years consecutively. Many of the ideas in the book are echo’s from other works. Jim Collins, the author of Good to Great is quoted frequently throughout the book. I met the author at an institutional investment conference. His company is well along the path of growth that our own organization shares. For that reason, I felt that it makes sense to learn from those who have paved the road before you. The folks at DLP also use ideas from the book “Traction” by Gino Wickman. We have reviewed that book on this show in the past. We too use the systems from Traction in our company. I consumed the book almost like a practical users’ guide to these other books that I have previously read and implemented in our business. What I learned from this book is that our implementation of these systems has flaws. I already knew that our implementation had flaws, but I didn’t necessarily know what the flaws were.

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Host: Victor Menasce

email: podcast@victorjm.com

AMA - Cost Seg Study Aug 31, 2023

Show notes

Today is another AMA episide (Ask Me Anything). Michael writes:

"Hey Victor, I have been investing in multifamily properties for over a decade, mostly in smaller deals but a few in the $1M to $2M range. I've been encouraged to do cost seg studies many times over the years and cannot get the math to pencil out. As an actuary by trade, I have a high degree of confidence in my analysis, but am wondering if I'm missing something or if this works in some cases. Have you had any deals where completing a study made sense? If so, can you explain why it made sense?"

AMA - How Are Guests Selected For The Podcast? Aug 30, 2023

Show notes

Today's question comes from Robert who askes:

What is your criteria for selecting guests who appear on the weekend edition? How do you vet podcast guests for your show?

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Host: Victor Menasce

email: podcast@victorjm.com

Under Cloudy Skies Aug 29, 2023

Show notes

On today’s show we are talking about what is happening in the economy. There is a narrative of bumpy landing, to a soft landing, and now more recently, no landing. It seems as if the market is convinced that the US economy is strong and is going to emerge from this deceleration into recovery. The stock market is booming which quite frankly is delusional optimism.

We have seen a rapid increase in long term interest rates for both the 10 year and the 30 year US Treasury. The question is “Why”?

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Host: Victor Menasce

email: podcast@victorjm.com

AMA - Loan Denial From Regional Bank Aug 28, 2023

Show notes

Today's question comes from Tracy who writes:

I am a developer/builder in Eastern Washington State. I have been in talks for months with a regional bank for a new apartment building. We have satisfied all the preliminary requirements to be pre-approved. Recently, we went for final loan approval for the project and the bank came back with the determination that they did not have the liquidity to fund the 7.5M loan and they could not find another bank that was willing to participate in the deal.

I am not completely surprised by this given the information you have imparted in your hugely informational podcast. However, I have several commercial loans with this bank, and it made me start thinking that I should probably check the health of the bank so I could determine if there is additional risk to my portfolio.

So, my question is: What information should I gather and how do I gather it, to determine the stability of a bank?

A secondary question is if a bank fails what happens to those that have debt with that bank? Everyone talks about the deposits, but how does a bank failure affect those who have loans in place with the failing bank?

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Host: Victor Menasce

email: podcast@victorjm.com

Urban Townhouses with Scott Choppin Aug 27, 2023

Show notes

Scott Choppin is based in Southern California. His company specializes in purpose built urban townhouses for rent. On today's show we are talking about the challenges and merits of building in California.

He publishes a weekly article on Substack called "The Real Signal". You can also connect with Scott on Twitter @ScottChoppin.

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Host: Victor Menasce

email: podcast@victorjm.com

Lending Alternatives with Tim Milazzo Aug 26, 2023

Show notes

Tim Milazzo is based in New Smyrna Beach, Florida where he is the founder and CEO of StackSource. The company focuses on driving transparency into the borrowing process for commercial real estate borrowers. To find out more, visit stacksource.com

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Host: Victor Menasce

email: podcast@victorjm.com

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