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    Business

    The Real Estate Espresso Podcast

    Welcome to The Real Estate Espresso Podcast, your morning shot of what’s new in the world of real estate investing. Join investor, syndicator, developer, and author Victor J. Menasce as he shares his daily real estate investment outlook. Our weekday episodes deliver 5 minutes of high-energy, high-impact content to fuel your success. Plus, don’t miss our weekend editions featuring exclusive interviews with renowned guests such as Robert Kiyosaki, Robert Helms, Peter Schiff, and more.

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    Copyright: © 424617

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    Latest Episodes:
    AMA - Low Effort Investing Dec 13, 2021
    Show notes

    Today is another AMA episode (Ask Me Anything). Today's question comes from Matthew.

    Victor!

    Your podcast provides a wealth of knowledge. I really appreciate your honesty and insight into this industry. I was curious if you had any episodes about your opinion of the type of real estate investment, other than REITs, that allows the least maintenance involved to keep the business operating/most passive income. I know there is no completely passive business out there but was just curious your thoughts of what will produce the most juice for the least amount of squeeze. I am looking to become an active investor in some type of real estate, and I have educated myself in various types of real estate including single-family, multi family, leasing farmland, self storage, short term rentals, etc. but would like to know what season investors such as yourself think about those investments that are easiest to operate for the long haul with less chance of burnout. I realize that hiring a team to help support the investor is going to be essential but are there investments that you feel have the least amount of moving parts/least complex?

    I know this is a vague question and probably provokes you to ask me multiple questions but was just curious your thoughts.

    Any insight you have would be much appreciated!

    Blessings,

    Matthew

    Well Matthew, this is a great question.

    As you correctly mentioned, all types of real estate investing have an active component. You’re describing the style of investing that most closely aligns with your lifestyle design.

    Money comes in one of three different methods.

    1) Earned income – this is active income

    2) Residual income

    3) Capital Gains

    Your question is really centered around minimizing that first type of income, the earned income and maximizing the residual income or the capital gains.


    Live From Banff Alberta Dec 12, 2021
    Show notes

    On today's show we're coming Live from Banff in the Rocky Mountains and we're talking about the dynamics of short term rentals.


    Scott Carson Dec 11, 2021
    Show notes

    Scott Carson is an expert in buying distressed loans and engineering value improvements to these loans.

    You can connect with Scott at WeCloseNotes.com. Or you can sign up for a complimentary seat at their weekend note closing workshop at noteweekend.com where you can attend the workshop for free with the promo code "victor".


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    Host: Victor Menasce

    email: podcast@Victorjm.com


    Flawed Process Thinking, Flawed Software Dec 10, 2021
    Show notes

    On today’s show we’re talking about underwriting multi-family apartment deals. Earlier this week I attended a presentation from the CEO of a software development company that had developed tools for real estate investors to analyze the investment quality for multi-family apartment deals.

    The software seemed fairly sophisticated and capable of analyzing a number of scenarios.

    But if you remember last week I spoke about software tools on December 2. The episode was called Wasted Software. In that episode I spoke about the software making assumptions about your business process.

    Well, this particular software was making an assumption that I fundamentally disagree with, to the point where I would outright refuse to use the software.

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    Host: Victor Menasce

    email: podcast@victorjm.com


    How To Find The Right Environment Dec 09, 2021
    Show notes

    On today’s show, we’re talking about a topic that is near and dear to my heart. This week and all week, my company is offsite working on goal setting. This is a process of values clarification and values alignment. Once you’re clear on your values, then setting goals is much easier. But along the way, you might discover that you’re not living your life in alignment with your values.

    This is a deep introspective process that requires heavy lifting. In that process you can learn things about yourself that sometimes it’s difficult and painful to confront.

    Anytime we confront something that fundamentally challenges core beliefs, there is a natural human process.

    The first step is denial. No way! That can’t be true about me. You don’t understand.

    Then when the truth is inescapable, the next step in the process usually involves anger. Some people stay stuck in a loop of anger and denial and never move past that step. The third step in the process is moving to acceptance. Once you are at acceptance, you have a chance at growth or transformation which is the final step. But moving from acceptance to transformation involves work. It requires an inherent desire to grow, to become aware of blind spots and eliminate those blind spots.

    We all have them. By definition, you can’t see yourself the way others see you, because we don’t spend our entire lives looking in the mirror. Those rare people who do spend all their time looking in the mirror are self absorbed and hopelessly ineffective at much else.

    If you’ve been listening to this podcast for a while, you’ll have heard me say that you require three things to accomplish anything in life.

    1) Knowledge. There are many people who focus all their energies on taking courses and getting more information. If more information was the differentiator, then everyone with a smartphone in their pocket with instant access to virtually all the world’s information would be excelling. So clearly that’s not the ticket

    2) Emotional fortitude. You often hear people talk about mindset. Not to downplay this aspect. Mindset is important. Having the emotional drive and the emotional fortitude to overcome the difficult moments you will encounter along the way is absolutely important. But it’s not enough. You need a third element,

    3) You need to be in the right environment. Its that third element which is the game changer, the secret to superior performance.

    Environment is the game changer. I often get questions from aspiring developers, and from listeners to this podcast. How do I find the right environment?

    I’m here to tell you that you might find the right environment. The perfect environment for you definitely exists out there. But no one environment will fulfill all your needs in every dimension of your life.

    You might find an existing mastermind group full of people who are smart, driven, generous, uplifting, and encouraging. But if you don’t, then go create one.


    A Excuse To Print Money Dec 08, 2021
    Show notes

    Central governments have become experts at coming up with good excuses for doing the wrong thing. On today’s show, we’re talking about the impact of a changing world order and how this will feed further inflation and the possibility of economic collapse. The global geopolitical landscape is changing as China’s ambition to become the dominant global empire will change global trade, Russia’s ambitions to regain the Ukraine as subject territory, and more instability is brewing in the middle-east.

    I’m not talking about any of this to dive into politics, but to highlight the impact of these forces on Investors.

    Wars are inflationary. If you look back through history, governments have the world over have used armed conflict as a justification for emergency spending. But these days any emergency is sufficient justification to print money.

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    Host: Victor Menasce

    email: podcast@victorjm.com


    Search Far And Wide Dec 07, 2021
    Show notes

    On today’s show we’re talking about how to secure product in a time of scarcity. Supply chain disruptions are happening all over North America right now.

    This is affecting everything from electrical switches to plumbing fixtures to windows.

    Several window manufacturers are quoting 16-20 weeks lead time. Subcontractors are busy and scheduling the labor component is also challenging. Construction projects can’t sit exposed to the elements waiting for windows and doors. The envelope of the building must be completed fairly quickly otherwise you risk weather damage. So you have to carefully schedule the project so that it doesn’t stall midway through construction.

    So how do you secure your supply when many components in a construction project require custom manufacturing. You don’t necessarily have the luxury of component substitution. You’re going to commit to a single manufacturer and you will be at the mercy of their lead time.

    A single critical item on the critical path to completion can increase the cost of your project significantly.

    ----------------

    Host: Victor Menasce

    email: podcast@victorjm.com


    A New Investment Vehicle? Dec 06, 2021
    Show notes

    As investors we’re on the lookout for assets that escalate in price over time. If that price escalation is predictable, then you have the makings of a sure fire investment.

    Many investors take the stance of looking retrospectively and attempt to use history as a predictor of future performance. Imagine looking at the chart of a commodity like copper or gold or lumber or platinum. You would see a general long term upward price pressure, largely driven by devaluation of the currency. But short term supply and demand fluctuations dominate those trends. You see price spikes followed by periods of depressed prices that can last a decade or more.

    Some have argued that the path to increased value is scarcity. Remove supply from the equation and prices increase as long as demand remains strong.

    There is a relatively new product designed to create financial incentives to reduce pollution and green house gasses. Governments all over the world have introduced a tax of sorts on carbon emissions. This tax is in the form of carbon credits. I know, there are some purists out there who will argue that there is a difference between a carbon tax and a carbon credit. These carbon credits can be purchased and traded on the open market.

    Virtually all companies will eventually need to purchase carbon credits so the demand for the product is virtually assured.

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    Host: Victor Menasce

    email: podcast@victorjm.com


    Speaking with Allen Lomax Dec 05, 2021
    Show notes

    Dr. Allen Lomax is the host of the Steed Talker Podcast. On today's show, Allen is the host of the show and I'm the guest. We're talking about how to create opportunities at will.

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    email: podcast@victorjm.com


    Cody Bjugan Dec 04, 2021
    Show notes

    Cody Bjugan is based in Scottsdale Arizona where he specializes in land entitlement nationwide. His education company vestright.com is entirely dedicated to value creation by converting raw land to land entitled for development. You can learn more by downloading his white paper at vestright.com/land101.

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    host: Victor Menasce

    email: podcast@victorjm.com


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