The Real Estate Espresso Podcast

Latest Episodes:

New Credit Scores Are Coming Oct 25, 2018

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Fair Isaac Corporation, the creator of the FICO score will introduce the Ultra-FICO score early in 2019. It's designed to make it possible for millions of borrowers who marginally don't qualify for loans today to have access to credit. The idea is that it will make more credit available without increasing risk to lenders. Is this a good idea? Listen and find out.

Rising Prices, Falling Asset Values Oct 24, 2018

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Could there be a situation where prices increase, but asset values decrease? On today’s episode we will examine this very question. In an inflationary environment, the cost of construction goes up. In fact we’ve seen very real increases in the cost of construction over the past several years. In 2014, you could routinely build new B class apartments for $88 per square foot. That’s exactly what I was building for in 2014. Today, prices are closer to $120 per square foot. It amounts to an average 9% increase per year over the past 4 years. This is during a time when government is telling us that inflation is running close to 2.5% over that same time period. The price of any item is not determined exclusively by the intrinsic cost, but in fact by people’s ability to pay. We've seen real estate prices fall all over Europe. Could this happen in North America?

AMA - How Much Passion Do You Need? Oct 23, 2018

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In celebration of 100,000 downloads, we're going to be giving away an autographed copy of Robert Kiyosaki's latest book "Second Chance". If you would like to enter to win, send an email to victor@victorjm.com and put 100,000 in the subject line. Today is another AMA episode - Ask Me Anything. David from Pittsburgh asks "How much passion do you need to consider moving from a passive investor to a full-time active investor?" Such a great question.

Four Headwinds Cause Housing Divergence Oct 22, 2018

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The broad economy seems to be performing strongly, but we are also seeing weakness in new home construction at the same time. At the root of this is money. On today’s episode we’re going to follow the trail of the money and see some of the factors that are influencing the housing market. We will eventually see this slowdown reflected in the macro economic numbers.

Special Guest, Tammy Mitchell Oct 21, 2018

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Tammy Mitchell is an expert in relational capital. If you're not familiar with that term, we break it down in detail and describe the power of developing deep and meaning relationships with people of significance.

Special Guest Russell Westcott Oct 20, 2018

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Russell Westcott is a Canadian from Western Canada who has built a reputation as an investor, an educator, and a specialist at raising capital. In today's episode we're talking about exploiting new zoning rules to attain higher density and lower the cost of development.

AMA - What Do You Think of Rent Control? Oct 19, 2018

Show notes

The question of rent control centers around the broader issue of affordable housing.. The rates for housing have increased faster than wages have grown in the same time period. This is particularly true in major markets we're we have seen dramatic increases and real estate prices. Governments cannot force investors to make investments that lose money. When rent controls are in place, existing buildings experience deferred maintenance and new rental stock doesn’t get built. The economics don’t support new investment. Rent control is a well intentioned, but misguided solution to the the affordability problem by treating the symptom and not the root cause. Listen for some new ideas.

Sears Was The Original Amazon - Are Restaurants Next? Oct 18, 2018

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Back in the day, items you could not find in a local department store could be ordered from the Sears Catalog. They owned the market. The Sears brands became synonymous with quality. The Sears Kenmore appliances were a rebranding of other appliances from Maytag and Amana. Sears Craftsman tools were as good as any tools on the market. They were well positioned as as retailer and in the culture of a generation. Sears problems go beyond money. The problem is that they stopped being relevant to shoppers a long time ago. An injection of cash won’t fix that. They kept looking at the retail business as a numbers game and not as a customer experience. It’s a sad story of missed opportunities. They sat on the sidelines and watched as Internet commerce devoured their catalog business. Even Walmart, late to the party has recognized that the Internet is key to their survival.

Deals Deals Deals Oct 17, 2018

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In the past couple of months I’ve seen a dramatic uptick in the number of deals that are coming into my email. I’m getting an average of 10 deals a day being offered to me. Most of these are not a fit. On today's episode we do a deep dive on two deals that we passed on and explain why.

When to Quit Your Job? Oct 16, 2018

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On today's show we are talking about making the transition from full time employee to full-time real estate investor. This is one of the most difficult pathways to navigate. Some people think that they will wait to accumulate enough real estate to replace their employment income and then they will quit their job. After all, real estate brings passive income, doesn't it?

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