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Victor Menasce
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.
Fannie Mae Releases Economic Outlook Report for 2018
In today's episode, there are two economic reports that appear to be conflicting with each other. I'm looking forward to speaking with Doug Duncan, chief economist for Fannie Mae in two weeks to get a deeper dive into the numbers. Simon Black's latest Sovereign Man article hi-lighted the $1 Trillion growth in the US Federal debt in the past 6 months, $215 Billion in the past month alone. How do we reconcile these seemingly conflicting perspectives?
06:0422/03/2018
What is a Reasonable Expense Ratio?
I'm often asked by other investors what I consider a reasonable expense ratio for a multi-family property. The answer is "It depends." I'm not dodging the question. There are 5 principal factors that affect the expense ratio, and that's what I cover in today's episode.
05:3121/03/2018
Banks May Be Offering Higher Deposit Interest Rates
Finally, banks may be offering higher deposit interest rates. They've been dismally low for so long. How do they get away with it? What will that mean for us as real estate investors?
04:2320/03/2018
Are You Blinded By a Dilemma?
Today's episode is based on a real life situation where I was facing a business dilemma. I was facing a difficult business problem on a short deadline, with large complex elements in play. It's easier to see the solution from the outside, and not as easy when you are immersed in the problem. I'd love to hear about your dilemmas and how you solved them.
04:5519/03/2018
Interview with special guest Lane Kawaoka
Lane Kawaoka is a young real estate investor, and started only a few years ago in his 20's. In a short period of time he has grown an investment portfolio of several hundred units through syndication. Don't let his modesty fool you. What he has done is impressive. You can definitely learn from it.
09:2318/03/2018
Have You Been Stood Up? - Interview with Guest Rich Danby
The weekend edition of the Real Estate Espresso podcast contains interviews with notable people in the world of real estate investing and development. I'm talking with Rich Danby about what to do when a funding partner fails to deliver on their commitment.
14:2817/03/2018
They're Not Listening
Today's episode is a reflection on a mistake that happened in a site plan design. I had communicated the requirements very clearly, and somehow the message didn't get through. My first inclination was to blame the architect. After all, the zoning code is perfectly clear. They're a professional. How could they get it wrong?
04:4316/03/2018
Which Class of Property Do You Want to Own?
This isn't Class warfare. It's deciding which class of property you want to invest in, and matching that to the market demand. In today's episode I'm focusing primarily on A and B class properties. It's very hard to fund the maintenance and repairs for lower income properties. The rent often isn't high enough to cover those expenses.
05:4615/03/2018
Property Management Versus Accounting Software
What's the difference between these two types of software and why would you use one versus the other. Under what circumstances would you use both?
04:5914/03/2018
Are You The Cause of Property Vacancy?
In today's episode we're talking about how to create realistic budgets for your rental properties. The most commonly omitted expenses are those associated with unit turns. This is when a tenant vacates a property, and there is real work required to make the apartment rent ready.
04:1913/03/2018
How to Value a Collateral Contribution
Last weekend we got to spend time with George Ross, co-star of the Apprentice TV show. During part of the conversation, we didn't have the recording running. George answered a great question with a brilliant answer. It was worth dedicating an entire episode the question. How do you value the contribution of collateral to a project? Check it out.
04:3112/03/2018
When The Seller is Asking Far Too Much
In today's episode we're looking at a specific negotiation case study. The Seller was asking about 50% above the fair market value. This happens remarkably often that the seller has unrealistic expectations about the value of their property. How do you hold the conversation when the parties are that far apart?
05:0211/03/2018
Interview with International Developer Beth Clifford
The weekend edition of Real Estate Espresso is slightly longer than during the weekday. Today I'm talking with international developer Beth Clifford. She has an amazing and inspirational story. So many lessons buried in our conversation. Check it out.
14:2310/03/2018
Three Big Lies That Make Up Inflation
Today we're talking about inflation. Before we can talk about it's impact on your real estate cash flow, we need to define inflation. We also need to understand how the consumer price index is calculated. Listen to today's episode. It will shock you.
05:3309/03/2018
Major Increase in Lumber Prices
Today we're talking about the 25% increase in lumber prices since January and how you need to interact with your contractors to make sure you don't get a huge surprise. I read you a response from one of my contractors on the impact and their stance on their contractual commitment.
03:3508/03/2018
What's Your Exit Strategy?
In today's episode we're talking about ensuring you have an exit strategy for all of your investments. An investment with no exit is called a prison for your money.
04:5607/03/2018
Wire Transfer Security
In today's episode, we're talking about the extra steps you need to take when initiating a wire transfer. Clients and investors often send wire transfer information by email. That information is vulnerable to being modified by hackers. The result can be the irrecoverable theft of millions of dollars.
04:3306/03/2018
The Future of Money and Wealth
In today's episode I'm speaking with The Real Estate Guys Radio hosts Robert Helms and Russell Gary about the Future of Money and Wealth. This two day conference in April has some of the best and brightest people in the world of investing. With no exaggeration, these two days could change your life.
10:0705/03/2018
Storm Water Pollution
In today's episode we're talking about the steps you need to take as a developer to ensure you prevent storm water pollution.
04:1204/03/2018
Talking with George Ross on the US Economic Outlook
In today's episode we have a special guest. George Ross worked with Mr. Trump as his advisor and right hand man for much of the past 40 years. George's unique perspective comes from the people he speaks with. These are different from the people that I routinely speak with. Whether I agree or not, his perspective his valuable because he is seeing things from a different vantage point. It causes me to ask "How do I know I'm right?".
05:1103/03/2018
Negotiating Loan Terms
In today's episode, we're talking about how to think like a lender so you can negotiate better loan terms. It's one of the key strategies we use to ensure the success of our projects.
05:1802/03/2018
What is an Environmental Study and when do I need one?
As real estate investors we often require a bucket load of reports, permits, certifications, and most important Espresso. The environmental study is one of the most common and least understood of all. In today's episode, I'm going deep (4 minutes deep) into the entire environmental process for a commercial property.
04:0301/03/2018
Reasons Reasons Reasons
In today's episode we're talking about the arbitrary reasons people give to justify their negotiating position. We have a concrete real world example. Unless you're violating a law of nature, stop being Reasonable!
03:5528/02/2018
Evaluating An Offer For Purchase
In today's episode, we analyze how we evaluated an offer we received this past week. Far more important than the price are the terms of the offer, and determining if the buyer is a qualified buyer. Lots of ways to do this, but here's how we did it.
04:4927/02/2018
When You Get Unsolicited Offers
In today's episode, we're talking about how to analyze the merits of selling a property when you get an unsolicited offer from a potential buyer. It happened to me this week. I share the process of evaluating whether to keep or sell the property BEFORE even discussing the offer with the Buyer.
04:2626/02/2018
You're in Luck! Changes to the Zoning Code.
You can get in touch with the host Victor Menasce at victorjm.com. In today's episode we're talking about changes to the zoning code and what can happen even if that change looks really promising.
04:1125/02/2018
From Lawyer to 1000 Apartments
In today's episode we're interviewing former attorney Monick Halm on her journey from lawyer to apartment investor with 1000 units in about 2 years. It's a great story, and you don't want to miss it.
17:3624/02/2018
RE Espresso - Managing Risk
In today's episode we're talking about risk management. This is something every investor, developer, business person, and project manager needs to contend with. But before we can manage risk, we must understand what a risk is. Most people don't. Do you? Listen to find out.
04:4123/02/2018
Senior Housing Investing
In today’s episode we’re talking about Senior Assisted Living as an asset class. Are they a good opportunity? If so, where? You can get in touch with Victor at victorjm.com
04:2422/02/2018
Height Restrictions Explained
You can connect with Victor at www.victorjm.com. In today's espresso shot of real estate investing advice we're talking about height restrictions and how to interpret them. It's not straightforward at all, and there is lots of fine print to truly understand what it means.
04:0721/02/2018
Hiring a Landscape Architect
In today’s episode we’re talking about what a landscape architect can do for you and why you should consider hiring one. Not all projects need one. But if your land has hills and streams, a landscape architect can add tremendous value. Connect with Victor at www.victorjm.com.
04:4420/02/2018
What is a Geotechnical Survey?
You can connect with Victor at www.victorjm.com. In today's episode we're talking about one of the most important consultant reports when you are contemplating new construction.
04:0819/02/2018
Confusing Conflicting Reports
In today's episode we're talking about how to make sense out of conflicting consultant's reports, even though they all come from highly respected, credible, professional sources. We look at a specific case study.
04:1918/02/2018
George Ross - Hiring a Lawyer
In today's episode we're talking with attorney And retired VP of the Trump Organization on how to hire an attorney. Check it out.
04:5817/02/2018
How construction loans work
In today's episode we're talking about construction loans and how they are structured. Working with a bank on construction loans can give you great rates and some of the lowest costs.
04:5816/02/2018
RE Espresso - City Allocations
In today's episode we're talking about municipal allocations. What the heck are these? The city maintains a budget for how many dwellings a water main, a sewer pipe, a road can support. Just because there is a water supply at the edge of your property doesn't mean you will be allowed to use it. I'm discussing how to find out and how to do your due diligence before you buy the property.
04:0315/02/2018
RE Espresso - Hiring Archi
In today's episode I'm talking about the different skills an architect must have and what you need to look for when making a hiring decision.
04:4914/02/2018
RE Espresso - Zoning variance
In today's episode I'm talking about how to create huge value increases by using the local zoning board of appeals to make small changes that have a huge impact on valuation.
04:1713/02/2018
RE Espresso - Market study
In today's episode I'm introducing a high priced report called a market study. This 150 page consultant's report will give you deep insight into the local market and enable you to make high quality decisions.
03:3712/02/2018
RE Espresso -Opportunity Pitch
In today's episode I'm talking about how to respectfully present an opportunity to potential investors so you don't seem like a creep.
04:1211/02/2018
RE Espresso -Guest Seth Mosley
In today's episode we're talking with Grammy Award winning musician and Nashville music producer Seth Mosley about real estate investing as a side hustle.
04:3310/02/2018
RE Espresso - Due Diligence
In today's episode we're talking about a real life example of an uncle attempting to sell a business to their nephew and hiding the truth about the business performance in accounting jargon.
03:4909/02/2018
RE Espresso - Property value
In today's episode we're talking about the four factors that affect the price you might pay for a given property. These factors are different from the considerations an appraiser would use in determining value. You probably have not heard it expressed this way before.
04:0608/02/2018
RE Espresso - stock market
In today's episode we're talking about the stock market sell off and the price volatility that comes with it. Was this expected?
04:0907/02/2018
RE Espresso - Predatory Lender
We're continuing our discussion on raising capital. In today's episode we're talking about predatory lenders, how to spot them, and why they would want you to fail. This is a very important episode for any business owner to listen to.
04:3206/02/2018
RE Espresso - Don't Force It
We're talking about raising capital, this week and all week. In today's episode we're talking about how to recognize a potential funding partner.
04:2405/02/2018
RE Espresso - with George Ross
In today's episode we're talking with Mr. George Ross. George was executive Vice President at the Trump Organization and was instrumental in helping Donald Trump secure his first deal at 27 years of age. This special Super Bowl Sunday edition is a little longer, but wow what a great story from George.
13:3504/02/2018
RE Espresso -Funding alignment
In today's episode we're talking about the fifth principle of raising capital, alignment. When you meet all five of these, raising capital is remarkably easy.
02:5603/02/2018
RE Espresso - compelling deal
In today’s episode we’re talking about raising capital and the 5 principles. We’re taking a deeper dive on what it means to have a compelling opportunity.
04:0802/02/2018
RE Espresso - Results+funding
In today’s episode we’re talking about raising capital and how a track record is vital to raising funds. What to do if you don’t have a track record?
03:0301/02/2018