The Real Estate Espresso Podcast

Latest Episodes:

RE Professional Zachary Jensen. Mar 03, 2024

Show notes

Zach Jensen owns an acountng firm in San Diego, Califrnia. On today's show we're talking about the beneifts of being classified as a real estate professional and what it takes to qualify for this.

To connect with Zach and his firm, visit taxwisecorp.com

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

Host: Victor Menasce

email: podcast@victorjm.com

Pasha Esfandiary Mar 02, 2024

Show notes

Pasha Esfandiary is based in Los Angeles where he established himself as a professional poker player. Despite being successful at poker, he pivoted into the world of real estate investing and has applied the lessons of poker in his new career. On today's show we are exploring those lessons.

To connect with Pasha, visit https://www.evokecapital.net/

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

Host: Victor Menasce

email: podcast@victorjm.com

BOM - Scary Smart by Mo Gawdat Mar 01, 2024

Show notes

Our book this month is called Scary Smart by. Mo Gawdat. Mo was the Chief Business Officer at Google where he was responsible for much of Google’s global expansion, country specific localization and the introduction of translation and voice recognition all over the world. He’s a super smart guy and he has been an insider when it comes to Google’s AI projects. Prior to Google, Mo was at Microsoft. When I heard a podcast where he was speaking on his perspectives on AI, I knew I needed to read this book.

Computing has accelerated according to Moore’s Law which predicted a doubling of the density of circuits on a chip every 18 months. That held true for a long time. We keep thinking that we are reaching the fundamental limits of circuit density. Merely shrinking the feature size of the transistors is starting to approach fundamental limits like the number of atoms needed to make up a circuit.

The advent of accelerated computing in the form of graphics processing engines of the type that Nvidia and AMD create has enabled the backbone of the AI revolution.

Machine learning is the second dimension of acceleration. The pace with which machines are able to learn is also accelerating.

Think of AI like fuel that will amplify and accelerate virtually every aspect of life.

The super rich will get richer. The lazy will get lazier. The security system and law enforcement will become more vigilant. The weapons systems will become more ruthless. Marketing will become more targeted and more sophisticated. Loopholes in the tax code will become easier to find. The list of accelerated aspects of our lives is extensive.

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

Host: Victor Menasce

email: podcast@victorjm.com

Why Is There Softness In Storage? Feb 29, 2024

Show notes

Storage is an industry segment that has been growing rapidly for the last few decades. But this has been impacted by the recent decline in the residential real estate market in the past 24 months.

Across the United States there has been a decline in storage occupancy and operators have been offering increased incentives for their retail storage offerings.

So the question is why the sudden drop in prices? Is the industry over supplied? Are the traditional metrics for storage space as a function of population density no longer valid?

-----------

Host: Victor Menasce

email: podcast@victorjm.com

Hedonics Gone Wild Feb 28, 2024

Show notes

On yesterday’s show we looked at a couple of the hedonic adjustments that the BLS makes when computing GDP and the consumer price index. On today’s show we are going to take a look at the real estate component of the CPI. Part of the contribution to elevated inflation over the past couple of years has been the nearly white hot acceleration of real estate prices. That’s partly a function of purchase price. But the BLS doesn’t factor that into the cost of housing. Instead, the treat the entire real estate marketplace as if it consisted of landlords and tenants, despite the fact that home ownership represents about 66% of households across the nation.

What I will reveal on today's show would be funny if it wasn't so tragic.

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

Host: Victor Menasce

email: podcast@victorjm.com

Hedonism in Washington Feb 27, 2024

Show notes

On today’s show we are taking a closer look at the various components of the consumer price index and how it is calculated. Today's show will probably shock you.

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

Host: Victor Menasce

email: podcast@victorjm.com

AMA - Surprise Appraisal Feb 26, 2024

Show notes

Today’s question comes from Marc in Montreal.

I recently got an as-built appraisal report that I wish to use for financing for a new apartment complex in a semi-rural location with lots of industry and extremely low vacancy. The appraiser is quoting a higher CAP Rate than I was expecting, citing the following. First, he is using comparables a couple of hundred miles away, in the same province. Second, he is stating that the Bank of Canada has not lowered interest rates, when multifamily lends on a more floating bond rate. Third, his only comparable in the same market appears to be an inferior product with less amenities. Fourth, he is saying that the site is not serviced, but I can tell you that the municipal government has stated that servicing will come in time for the construction. What kind of arguments can I make to gently push the appraiser to a more favourable CAP Rate?"

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

Host: Victor Menasce

email: podcast@victorjm.com

Florida Infill Rentals with Brock Holliman Feb 25, 2024

Show notes

Brock Holliman is based in Sarasota Florida where he develops build to rent communities in an infill context. Today's conversation is filled with powerful market insights. To connect with Brock, visit hollimancapital.com or connect with Brock at @follow.brock on various social media such as Instagram, Facebook, Youtube, etc.

-----------

Host: Victor Menasce

email: podcast@victorjm.com

Real Estate Tokens with Michael Flight Feb 24, 2024

Show notes

Michael Flight specializes in shopping centers. He was our guest last weekend where we talked about the state of retail. Michael is also a pioneer in the world of applying crypto technology to real estate and how real estate can become tradable using blockchain technology. I've had numerous conversations with proponents of this technology and today's talk was the first one that actually made sense to me. This is one you definitely want to pay attention to. To connect with Michael and to download his white paper on tokenization, visit http://investonmain.com

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

Host: Victor Menasce

email: podcast@victorjm.com

The All You Can Eat Buffet Feb 23, 2024

Show notes

The allure of hunting for that perfect deal can be intoxicating. I hear of many investors often spend countless hours scouring listings, attending networking events, and analyzing market trends. But what if I told you that there’s an alternative approach—one that doesn’t involve the relentless pursuit of deals? Welcome to the all-you-can-eat buffet of CRE investing.

----------

Host: Victor Menasce

email: podcast@victorjm.com

Our TOPPODCAST Picks

Follow Us

Stay Connected

The Real Estate Espresso Podcast

Related Podcasts

Links

Stay Connected