The Real Estate Espresso Podcast

Latest Episodes:

Securities Laws Are Changing with Mauricio Rauld Jun 02, 2024

Show notes

Mauricio Rauld is the founder of the Premier Law Group and specializes in securities law. On today's show we are talking about the forecast changes to securities regulations in the US. Mauricio's team performs all of our US securities work at Y Street Capital. He also wrote a new book called "Legal Strategies for Everyone" and you can connect with him through his website at https://legalstrategiesforeveryone.com/

He also has hundreds of education videos on his youtube channel.

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Host: Victor Menasce

email: podcast@victorjm.com

BOM - Day Trading Attention by Gary Vaynerchuck Jun 02, 2024

Show notes

Our book this month is called Day Trading Attention: How to actually build brand and sales in the new social media world by Gary Vaynerchuck, the CEO of Vayner Media. Gary is well known as a keynote speaker in the world of marketing. His YouTube and social media following is massive.

Gary’s thesis is that in order for your marketing message to be received, you need to be using channels that are in your customers field of view. If your customer is not looking in the direction of your message, then there is no way for your message to be received.

All of the various channels have different costs associated with them. Some are going to be overpriced and may still reach the target audience. But then there are avenues that are underpriced.

It used to be that business was local and that your zip code mattered. But today what matters more is your browser history as a reflection of what interests you.

The world of social media was centred around who you connected with and today social media algorithms are increasingly giving weight to what interests you.

AMA - How To Conduct Proper Due Diligence? Jun 01, 2024

Show notes

Today’s question comes from Dan who asks.

I’m currently evaluating an investment in a multi-family apartment project. I’ve heard so many horror stories lately about investments going bad in the past year that I’m struggling to figure out how to perform due diligence. If you were looking to make a passive investment in someone else’s deal, how would you conduct the due diligence?

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Host: Victor Menasce

email: podcast@victorjm.com

The Lender Sounds So Enticing May 30, 2024

Show notes

You have probably seen the pitch on social media. I’m approached almost daily on LinkedIn. These companies and individuals are frequently offering any amount of funding from $500,000 up to $500M. Some are offering to partner with you on projects. Some are offering both debt and equity.

Offers of funding can sound enticing to those who are seeking additional capital to cover a shortfall in their business.

As always you need to do your due diligence on any kind of funding source. You need to know that they can deliver what they are promising.

Think about the potential risk that exists for any borrower who provides tremendous volumes of data to a lender including details about your real estate holdings, tax returns, a complete statement of assets and liabilities.

What if that person who is posing as a lender is not really a lender at all, but someone who is seeking to steal your identity? Have you armed them with the necessary information to make identity theft incredibly easy? Sometimes an identity theft can occur with just one or two critical pieces of information. But in this case you have given them everything.

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Host: Victor Menasce

email: podcast@victorjm.com

Getting Rid of Bureaucracy May 29, 2024

Show notes

As many of you know, in addition to being the host of the Real Estate Espresso Podcast, by day I’m the senior partner at Y Street Capital. Our firm is active across 9 states in the US and also in Canada where I reside.

It sounds strange to say this, but Canada has a much more acute housing crisis than the US. Our population has grown through immigration much faster than the US. Many Canadian cities are facing a crisis of availability at any price and it’s no longer even a question of affordability.

Unless governments are going to take over housing and socialize housing like you might in a communist country, the only free market way to address the housing crisis is create the incentives for additional supply to enter the market.

Just like in the US, Canadian cities get their power from the next level of government. US cities get their power from the state in which they reside and Canadian cities get their power from the province in which they reside.

In addition to the steps taken over the past couple of years at the provincial level, the Ontario government has a new bill called bill 185 which is aimed at Cutting Red Tape to Build More Homes. One of the obstacles to creating more supply is the red tape and bureaucracy that exists in the planning system.

Most of our listening audience is outside of Canada. In fact 81% of our listeners are in the US. I’m going over this in some detail because I believe you can influence the political process and create improvements in the development process that will benefit developers and ultimately the people who are going to live in those newly created homes.

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Host: Victor Menasce

email: podcast@victorjm.com

AMA - Co-Investing with Friends May 28, 2024

Show notes

Today’s question comes from Daniel who asks:

I’m a busy professional and have several friends that also have money to invest. I am considering inviting my friends to invest along with me but am conflicted. If there are problems with the investment, I don’t want to damage the friendships. At the same time if these are good investments, it would seem disloyal not to invite my friends along the same journey. What are your thoughts on co-investing with friends and how one might structure such a venture?

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Host: Victor Menasce

email: podcast@victorjm.com

Behind The Scenes in Oil and Gas May 27, 2024

Show notes

There are numerous misconceptions about the oil market. As a result, we have many people including the mainstream media drawing incorrect conclusions about the economy. On today’s show I’m gong to go deep on a few of these items.

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Host: Victor Menasce

email: podcast@victorjm.com

George Ross on Macro Versus Micro May 26, 2024

Show notes

On today's show George and I are talking about the current market cycle and what signs to look for when seeking inflection points in the cycle. George was very clear. Get to the specifics and stay away from the macro discussion. But the appraisers who determine valuations don't always see it the same way. Listen to my conversation with George Ross.

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Host: Victor Menasce

email: podcast@victorjm.com

Changes To The US Tax Code with Tax Lawyer Brian Boyd May 25, 2024

Show notes

Brian Boyd is based in Nashville Tennessee where he is practicing tax law. On today's show we are talking about some of the proposed changes to the US Tax Code and how real estate investors could adapt to those changes if they come to fruition.

To connect with Brian visit briantboyd.com.

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Host: Victor Menasce

email: podcast@victorjm.com

A Tale of Two Investments May 24, 2024

Show notes

On today’s show we’re going to take you through thought experiment. I’m going to give you two distinct sales pitches. I’m going to bet that most people will choose the lifestyle investment.

The first is a luxury condo located in paradise. When you are not staying in your condo, it goes into the hotel's pool of rooms and you share in the hotel revenue. Hotel guests will pay for your vacation property.

The second sales pitch is for a two acre parcel of land in the downtown core that may have future development potential. For now, it’s a parking lot for 200 vehicles. The parking lot has daily and hourly rates, and a discounted rate for evenings and weekends. Parking is expensive at $24 per day or six dollars an hour for the first four hours, after which you pay the full day rate. The parking lot is often full each day. The land is expensive at $8M. If you finance a large percentage of the purchase, you are facing a debt service amount of about $56,000 a month.

The parking lot is not very sexy. It’s parking, surrounded by high rise office towers in the downtown core.

One of these will appeal to the true analytic investor, and the other will appeal to the lifestyle investor.

How many of the lifestyle investors will decline to even consider the parking lot?

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Host: Victor Menasce

email: podcast@victorjm.com