Podcast appearances and mentions of john chang

On this episode of The Horizon, John Chang interviews Gregg Katz to unpack the ripple effects of tariffs, the paralysis caused by economic uncertainty, and shifts in consumer behavior. The two dive into how fluctuating tariffs on Chinese goods are impacting retailers differently—especially discount chains like Five Below and Dollar General—and explore how supply chain volatility is reshaping strategic decisions in real estate and retail. They also discuss the experiential shift in retail environments, highlighted by a tour of One Wall Street and its luxury French department store, and forecast a potential "back to basics" retail resurgence driven by Gen Z's unexpected preference for in-person shopping. Ultimately, both agree that despite short-term turbulence, retail real estate remains resilient and ripe with long-term opportunity. Greg Katz Director, Business Industry Solutions Based in: Atlanta, Georgia Say hi to them at https://www.linkedin.com/in/gregg-katz/ vikingcapllc.com Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at www.bestevercommunity.com Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of The Horizon, John Chang interviews economist John Silvia to discuss economic uncertainty, inflation risks, and their implications for real estate investors. Silvia highlights concerning trends, including slowing consumer spending, falling consumer sentiment, and the potential for a negative GDP print in the first quarter. He also analyzes the impact of new tariffs, which could raise inflation and weaken economic growth, leading to a higher risk of recession. The discussion turns to the Federal Reserve's response, with Silvia predicting potential rate cuts despite inflation pressures. The episode closes with a look at investment opportunities in commercial real estate and a cautiously optimistic outlook for the next three years. Sponsors: Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of The Horizon, John discusses the origins of his signature phrase “keep your eyes on the horizon” and uses commercial real estate data to show the importance of long-term thinking in uncertain times. Reflecting on the five years since the COVID-19 outbreak, John breaks down the performance of office, retail, industrial, and apartment sectors, highlighting which property types have thrived and which have struggled. He emphasizes that despite current economic uncertainty—driven by tariffs, immigration policies, and inflation risks—demographics and market fundamentals point to strong future demand. John urges investors to look past short-term turbulence and focus on long-term opportunity. Sponsors: Vintage Capital Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of The Horizon, John Chang of Marcus & Millichap and Ben Leybovich discuss how recent economic shifts are creating unique investment opportunities in commercial real estate. They analyze how stock market volatility and new tariff policies are alienating international investors while prompting wealthy Americans to seek alternative investment vehicles. John shares insights from institutional players who are beginning to deploy capital into multifamily properties despite negative leverage, betting on future rent growth rather than immediate interest rate cuts. The conversation highlights why periods of elevated cap rates have historically proven to be excellent entry points for investors, and why commercial real estate remains attractive in uncertain times. Ben also discusses his innovative garage condo development project that's already 60% pre-sold, demonstrating how targeting affluent consumers with specialized real estate products can yield substantial returns even in challenging economic climates. Sponsors: Vintage Capital Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of The Horizon, John Chang interviews Ash Patel from the Best Ever Conference 2026. They talk about his contrarian investment approach focusing on retail, office, and medical properties while avoiding residential tenants. Ash shares insights on why he prefers commercial tenants who treat properties professionally, explains how suburban office spaces in walkable areas are outperforming urban core locations, and reveals strategies for finding value-add retail opportunities with limited competition. The conversation explores recent market trends showing increased office absorption nationally, the surprising demand from national retail tenants actively seeking space, and why medical office remains a reliable investment with strong tenant stability. Ash also offers practical advice on evaluating markets, avoiding overhyped locations, and why buying properties at significant discounts in challenging asset classes can lead to substantial long-term returns despite current economic headwinds. Sponsors: Vintage Capital Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of The Horizon, host John Chang shares key insights from his recent workshop at the Best Ever Conference about critical market trends impacting real estate investment in 2025. Chang analyzes how the new Trump administration's potential policies on tariffs and immigration could impact economic growth, construction costs, and labor markets. He explains why multifamily fundamentals are strengthening as construction pipelines drop dramatically (with starts down 75% from peak) while demographic demand drivers remain strong. Drawing parallels to previous market cycles, Chang notes that the current cap rate expansion represents only the fourth significant instance since 1992, and historically, investments made during these periods have delivered superior returns. The episode provides a comprehensive outlook for commercial real estate investors navigating political uncertainty while positioning for long-term growth. Sponsors: Vintage Capital Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of The Horizon, host John Chang interviews Joe Fairless, co-founder of Ashcroft Capital, about navigating today's complex commercial real estate landscape. Fairless, who manages over $2.8 billion in assets across 14,000 apartment units, shares insights on finding opportunities amid market distress by cultivating relationships with lenders seeking capable operators for distressed properties. They discuss the record-breaking apartment absorption in late 2023, the decreasing construction pipeline, and how these fundamentals create buying opportunities despite challenging capital raising conditions. Fairless also candidly addresses lessons learned from previous deals and emphasizes the importance of "extreme ownership" when communicating with investors during difficult market periods. Sponsors: Crystal View Capital Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

In this rebroadcast of our February 20, 2025 webinar, John Chang from Marcus & Millichap provides an in-depth analysis of the self-storage industry's economic landscape in 2025. With inflation stabilizing, interest rates remaining high, and occupancy trends shifting, John breaks down key market forces shaping the industry and what operators should be prepared for. Topics covered include: The impact of economic uncertainty on self-storage Pricing strategies, rate wars, and competitive pressures Market saturation, construction slowdowns, and regional trends How younger tenants are changing length-of-stay patterns The growing role of technology and AI in operations and marketing Investment insights: Is now a good time to buy, sell, or expand? If you're a self-storage owner, investor, or operator looking for expert insights into what's ahead, this episode is packed with valuable takeaways. Guests: John Chang, Marcus & Millichap Hosts: Tommy Nguyen & Melissa Huff Brought to you by the teams at StoragePug and Lighthouse Storage Solutions

On this episode of The Horizon with John Chang, Brian Murray draws from over 40 years of commercial real estate experience to analyze current market dynamics and future opportunities. With multiple market cycles under his belt since Black Monday in 1987, Murray explains why the bid-ask spread is finally narrowing and why private capital has advantages over institutional investors in today's market. He shares his bullish outlook on multifamily, predicting an 11% unlevered IRR over the next five years, while noting that markets historically rebound faster than experts predict. The conversation provides valuable perspective on why real estate fundamentals remain strong despite current interest rate headwinds, especially given the widening gap between home ownership costs and apartment rents. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of the Best Ever CRE Show, Marcus & Millichap's John Chang delivers a timely solo analysis of how recent policy changes could impact commercial real estate markets in 2025. Chang examines the potential effects of new tariffs with Canada, Mexico, and China, forecasting reduced GDP growth and increased inflation. He provides detailed insights into how these policies might affect various commercial real estate sectors, with particular focus on multifamily where construction costs could rise significantly due to tariffs on building materials. Chang also addresses how stricter immigration policies could exacerbate labor shortages in construction, potentially leading to reduced housing supply amid strong rental demand. The episode offers a comprehensive look at the intersection of policy changes, economic indicators, and commercial real estate market dynamics. Sponsors: Crystal View Capital Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of The Horizon with John Chang, John interviews John Manning. They discuss the current state of the multifamily real estate market, highlighting optimism despite challenges such as high interest rates and limited transactional activity. He explores the role of debt funds, compares various property types, and addresses the difficulties in office financing. John also shares predictions for 2025, emphasizing the potential for increased transaction volume and the importance of strategic financing decisions. Sponsors: Crystal View Capital Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Conscious Investor, are you ready to step into 2025 with clarity and confidence in your real estate investing journey? In this episode, I break down the key market trends shaping the real estate landscape for the upcoming year. Drawing from historical patterns and the latest data, I help you understand where opportunities are and how you can capitalize on them, whether you're a seasoned investor or just starting out.We explore essential topics such as the current housing shortage, the future of multifamily investments, and the potential policy shifts that could impact the real estate market. Plus, I share actionable strategies to help you stay ahead in a shifting economic landscape. By the end of this episode, you'll have a clearer vision of how to navigate 2025's market with wisdom and precision.Marcus & Millichap 2025 Multifamily Investment Outlook:https://event.on24.com/wcc/r/4775601/FC67F9A14ED824F4C932EDD91BB3EDF6?partnerref=13Connect With John:https://www.linkedin.com/in/johnchang/The Horizon with John Chang:https://www.bestevercre.com/podcast/2025-cre-outlook-why-the-next-12-months-might-be-a-once-in-a-decade-buying-opportunity Marcus & Millichap:https://www.marcusmillichap.com/Conscious Investor Growth Summit details:https://www.consciousinvestorgrowthsummit.com/Newsletter:https://link.iamaconsciousinvestor.com/widget/form/DPbUpgmqXlu3jrMUELN9Future Coaching/Experience Opportunities Form:https://link.iamaconsciousinvestor.com/widget/form/aaXwrHvnQvMBC1i1agRM1:1 Coaching Interest Form:https://link.iamaconsciousinvestor.com/widget/form/Ur85N0AIC3cahrcXt4oMPodcast Feedback:https://say.iamaconsciousinvestor.com/podcast-home-001777045Schedule a 30-min call to learn about investing with Three Keys Investments:bit.ly/3yteWhxIf you're looking for an affordable healthcare solution, check out Christian Healthcare Ministries.https://bit.ly/3JTRm1IEach week I send out a newsletter that's designed to take thinking deeper. Join the thousands of other newsletter subscribers here: https://link.iamaconsciousinvestor.com/widget/form/DPbUpgmqXlu3jrMUELN9

On this episode of The Horizon with John Chang, Sean Bannon discusses the current state of commercial real estate, focusing on the impact of interest rates, the role of private capital versus institutional investors, and insights into the apartment market. He emphasizes the resilience of the US economy and the potential for growth in real estate investments despite challenges posed by high rates. The discussion also touches on the future of office spaces and the evolving dynamics of the real estate market. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of The Horizon with John Chang, Jim Palmer explains the intricacies of real estate auctions, emphasizing the importance of due diligence, the role of independent brokers, and the advantages of auctioning properties over traditional sales. He discusses the auction process, including the marketing period, bidding dynamics, and the significance of setting appropriate reserve prices. Jim also shares success stories that highlight the effectiveness of auctions in achieving favorable outcomes for sellers and buyers alike. Sponsors: Crystal View Capital Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, John Chang discusses the commercial real estate investment outlook for 2025, highlighting the potential impacts of political changes, economic challenges, and demographic trends. He emphasizes the opportunities that may arise amidst uncertainty, particularly in the context of labor shortages and shifting market dynamics across various regions. Sponsors: Altra Running Sunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The Horizon with John Chang, John interviews economist John E. Silvia to discuss economic outlook and housing market trends. Silvia shares insights on consumer sentiment improvement and housing affordability challenges, particularly in coastal markets. They explore how high interest rates, construction costs, and labor shortages are impacting housing supply, with Silvia noting significant regional disparities in affordability. The conversation covers rental housing trends, with particular focus on Sun Belt markets experiencing high supply growth but strong absorption. They discuss the emergence of build-to-rent models and alternative housing options like townhouses and condos as solutions to housing shortages. Silvia predicts continued strong housing demand over the next 5-10 years but expects construction to remain in "second gear" relative to historical levels, maintaining the current housing shortage of 3-5 million units. John E Silvia | Real Estate Background CEO and Founder of Dynamic Economic Strategy Based in: Captiva, Florida Say hi to them at: LinkedIn www.johnesilvia.com Sponsors: Altra Running Sunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Horizon with John Chang, Gregg Katz discusses retail trends and consumer spending. Katz shares insights on holiday retail sales, consumer debt levels, and the evolving retail landscape. They analyze department store performance, with Nordstrom emerging as a strong performer while others like Macy's and Kohl's show concerning signs. The conversation also covers mall transformations, the success of open-air retail centers, and investment opportunities in retail real estate given limited new construction pipelines. Katz emphasizes the growing importance of catering to aging populations and sees significant runway left in retail investment despite current market caution. Sponsors: Altra Running Sunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

John Chang and Ben Lapidus delve into the world of niche real estate investments, focusing on unique concepts like flex space and data centers. They discuss the challenges of selling these unconventional properties, the potential for growth in niche asset classes, and the opportunities available for small to mid-size investors. The conversation highlights the evolving landscape of commercial real estate and the importance of understanding market demands. Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

John Chang and Ben Lapidus explore the current state of the real estate market in John's debut episode of "The Horizon with John Chang". They focus on the impact of interest rates, differing regional perspectives, and the long-term outlook for real estate investments. They discuss the importance of understanding market dynamics, the potential for investment opportunities, and the need for investors to keep a forward-looking perspective. The dialogue emphasizes the value of real estate as a consistent and reliable investment vehicle, even amidst fluctuating economic conditions. Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Bob and I are back after a long hiatus to talk about this years blackjack ball. We are joined by John Chang, former head of the MIT team, Max Rubin, the host and creator of the blackjack ball, and Rick "Night Train" Blaine who was this year's inductee into the blackjack hall of fame.

Solar electricity is now expanding faster than any other kind of power source in the U.S. New solar installations are surging ahead of natural gas expansion as demand grows for the transition to clean energy for homes, businesses, data centers, and artificial intelligence. It's still a small percentage of the electricity we use, but industry experts say we are at a turning point in our decarbonization goals.   I'd like to mention that anyone who missed my 2024 Mid-Year Economic Update can see a replay of the webinar at our website. I had one of my favorite economists as co-host – the very knowledgeable and engaging John Chang of Marcus & Millichap. You will find the webinar replay at www.newsforinvestors.com. We welcome ideas and comments at podcasts@realwealth.com.   -Kathy   References:   https://www.cnbc.com/2024/06/19/solar-is-growing-faster-than-any-energy-source-as-clean-power-for-data-centers.html   https://www.govtech.com/computing/cheap-power-high-demand-drive-texas-data-center-growth   https://www.canarymedia.com/articles/solar/epa-community-solar-7-billion   /https://emp.lbl.gov/sites/default/files/2024-04/Queued%20Up%202024%20Edition_R2.pdf   https://www.climatecentral.org/climate-matters/a-decade-of-us-solar-growth-2024   Links: ~~~~ JOIN RealWealth® FOR FREE

Migration trends are a crucial part of the real estate industry. Population growth equals more demand for nearly all asset classes of real estate. But demand changes over time, so it's also vital to be on top of what's trending in order to make smart decisions. In this episode, we'll take a look at what's happening in 2024 according to one of my favorite demographic experts. And I also just recorded a show on this on my other podcast with another expert demographer. You can check that out on the Real Wealth Show.  Hi I'm Kathy Fettke and this is Real Estate News for Investors. And if you love economic trends, it's not too late to sign up for my Mid-Year Economic Update webinar, scheduled for July 25th. John Chang of Marcus and Millichap will join me, with lots of data on hand. It's free to attend with a Q&A at the end to answer your questions. Look for a link to sign up in the show notes below. ~~~~ REFERENCES: https://jbrec.com/insights/3-migration-shifts-shaping-housing-markets-in-2024/?utm_campaign=BMI&utm_medium=email&_hsenc=p2ANqtz-8VDpBLTaDkm2X8cF61hQelAmr-HfRgS8DYsW1h_l-7qoolUxg6Dr0ay1k4x4YAWnsFvan40ky35Mr5Lnd4Rxr8PRWUHH4MaLiUJ8Spx6DEl5-pQoo&_hsmi=315538342&utm_content=315538342&utm_source=hs_email ~~~~ LINKS: Mid-Year Economic Update Webinar: https://attendee.gotowebinar.com/register/489691033155567445   ~~~~ JOIN RealWealth® FOR FREE

In this Real Estate News Brief for the week ending July 13th, 2024… what the Fed is saying about a rate cut, where renters are finding the best deals, and new trends for lot size and values! Hi, I'm Kathy Fettke and this is Real Estate News for Investors. I'd like to take a moment to invite you to a free fun mid-year update on today's economy. You'll hear from both me and one of my favorite economists, John Chang, on what we think of the current economic conditions and the housing market. You'll also have a chance to ask us questions so don't come empty-handed! It's happening on July 25th. Look for a link to sign up in the show notes below. Links: Register for Mid-Year Economic Update with Kathy Fettke & John Chang Webinar: https://attendee.gotowebinar.com/register/489691033155567445 ~~~~ JOIN RealWealth® FOR FREE

The monthly jobs report on hiring is a critical piece of economic data, but it is almost always overstated, and lately, significantly overstated. Out of the last 17 months, the government posted substantial revisions for 15 months. So why is this happening and how does it impact our view of the economy and the Federal Reserve's decision on rate cuts? Hi I'm Kathy Fettke and this is Real Estate News for Investors. I'd like to take a moment to invite you to my 2024 Mid-Year Economic Update with economist John Chang. We'll be sharing our thoughts on the economy and the housing market during a free webinar on July 25th. You'll find a link to register below. We'll have a Q&A at the end so remember to bring your questions! References: https://www.marketwatch.com/story/jobs-report-is-exaggerating-u-s-employment-gains-what-is-going-on-6efcd6b7   Links: ~~~~ Register for the webinar: https://attendee.gotowebinar.com/register/489691033155567445 ~~~~ JOIN RealWealth® FOR FREE

Senior housing is suddenly becoming a critical issue as the oldest baby boomers turn 80 next year. A firm that provides data and analytics for the senior housing industry expects an incredible increase in demand over the next 25 years, and says we already have a serious senior housing gap to contend with. The firm, NIC MAP Vision, is calling it a $275 billion investment shortage for housing that's needed by the year 2030. Hi I'm Kathy Fettke and this is the Real Estate News for Investors. Before I begin, I'd like to invite you to my 2024 Mid-Year Economic Update with economist John Chang. We'll be doing a webinar together on July 25th to share our thoughts on the economy. It's free, and we'll have a Q&A at the end so bring your questions. You'll find a link to register in the show notes below. Links: Register for Kathy Fettke's 2024 Mid-Year Economic Update with John Chang webinar: https://attendee.gotowebinar.com/register/489691033155567445 ~~~~ JOIN RealWealth® FOR FREE

In this Real Estate News Brief for the week ending June 29th, 2024... we have some great news on inflation that is raising hopes for a rate cut, where rents are going higher and lower and for what type of rentals, and the skyrocketing demand for senior housing. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Before we get started, I want to make sure you know about my upcoming free webinar at RealWealth. I'll be giving my 2024 Mid-year Economic Update, together with one of my favorite economists, John Chang, VP at Marcus and Mililchap. We'll talk about what we expect to see in the months ahead, so be sure to bring your questions for a Q&A at the end! That's on Thursday July 25th. You'll find a link to sign up in the show notes below. Again it's a free webinar packed with data and information you won't see anywhere else. I promise it will be the most fun economic webinar you've been on... Links:   REGISTER FOR July 25th WEBINAR with John Chang & Kathy Fettke https://gotowebinar.com/register ~~~~ JOIN RealWealth® FOR FREE

The jobs report for May was a surprise to the upside, with 272,000 new jobs. Wage growth also came in hotter than expected. Good news, right? But maybe it's not so good for the fight against inflation. It stokes fear among Fed officials that inflation could heat up again if they cut interest rates too soon. With so much weight given to those reports, just how accurate are they?  In this episode, José Torres will explain the jobs report and how the data varies depending on the method used to collect the information. As an economist with decades of high-level experience, he'll share other insights about the economy, inflation, interest rates, mortgage rates, a possible recession, and how all this impacts real estate and the housing market. José Torres is senior economist at Interactive Brokers. Previously he worked as an economist for the US government at the FDIC and the BLS. He also taught economics at the City University of New York and earned a master's degree in financial economics from West Texas A&M University. He's given frequent presentations to public officials and private executives and is often asked for interviews by major media outlets in both English and Spanish. Stay informed about the housing market, investing, and real estate with a free RealWealth membership. I'll also be hosting a free webinar with economist John Chang on the housing market next month, on July 25th. You can sign up ahead of time here and we'll send you a reminder! Thanks for listening! -Kathy Fettke ~~~~ JOIN RealWealth® FOR FREE

John Chang, head of research at Marcus and Millichap, joins host Joe Cornwell on the Best Ever Show from the Best Ever Conference in Salt Lake City. In this episode, John discusses the state of commercial real estate, including why retail is so hot right now, the state of the office market, and why multifamily investors in certain markets should be wary of rent control risks. He also breaks down the housing shortage, providing historical context and the truths most overlook. Sponsors: Viking Capital Baselane

Recently I read the book ‘The Magus of Java' by author Kosta Danaos. It is a book about Mopai and its then grandmaster John Chang a.k.a John Baharudin a.k.a. Dynamo Jack from Ring of Fire fame. In part 1, I give a basic description of the difference between Baguazhang and Mopai in how qi is cultivated. ☳

There's been a lot of debate about the state of the economy and so many questions about where we're headed next. Are we going to see banks tumbling because of commercial loans that can't be refinanced? Are we headed into a recession because of high interest rates? What's going to happen with the housing market as demand keeps pushing home prices unaffordably higher? Are they ever going to come down?    In this episode, you'll be getting answers to all those questions and many more from one of my all-time favorite guests, John Chang of Marcus & Millichap. I've been lucky enough to be on his side of the table during debates at the Best Ever Conference, which is coming up, by the way. If you haven't bought a ticket, do it. I'm not being paid to say this. I just love that conference and I will be there. John Chang will also be speaking there and you won't want to miss it. But he's also here with me on the Real Wealth Show.   So here's a little bit about John. He serves as the National Director of Research Services for Marcus and Millichap. He's become a leading source of market analysis, insight and forecasting, and is responsible for the production of his company's vast array of commercial real estate publications. They cover all major commercial property types including hotels, industrial, manufactured housing, multifamily, office, medical office, retail multi-tenant, retail single-tenant, self-storage and senior housing.   Join RealWealth for more information and insight about the single-family rental business, and be sure to subscribe to this podcast for some of the best expert interviews on the internet!   Thanks for listening! Kathy  

Join us in this enlightening episode of Passive Investing from Left Field, where host Jim Pfeifer welcomes real estate maestro John Chang. Dive into the depths of real estate investment strategies, market forecasts, and the future of various asset classes as we prepare for 2024. Whether you're a seasoned investor or just starting out, John's insights will help you navigate the ever-evolving real estate landscape. Don't miss out on this masterclass in making informed investment decisions.  About John Chang Senior Vice President, National Director Research ServicesMarcus & Millichap Real Estate Investment ServicesJohn Chang serves as the National Director of Research Services for Marcus & Millichap. He is responsible for the production of the firm's vast array of commercial real estate research publications, tools and services. Under his leadership, Marcus & Millichap has become a leading source of market analysis, insight and forecasting, and the firm's research is regularly quoted throughout the industry and in mainstream business media. John oversees a team of dedicated real estate research professionals who produce the firm's more than 1,000 annual market research publications and conference presentations. These detailed reports, analyses and presentations integrate economic and financial market trends with insights on all major commercial property types including: Hotels, Industrial, Manufactured Housing, Multifamily, Office, Medical Office, Retail Multi-Tenant, Retail Single-Tenant, Self-Storage and Seniors Housing.John is a seasoned industry analyst who has been quoted in numerous publications and is an active member of the NMHC Research Foundation Advisory Committee, the ICSC North American Research Task Force and the NAIOP Research Foundation. He regularly presents at a wide range of conferences and events hosted by industry-leading organizations such as the NMHC, NAIOP, ULI, CCIM, ICSC, SSA and numerous others. John joined Marcus & Millichap in April 1997 as a Research Manager in the Seattle office. After holding executive marketing and e-business positions with premier residential real estate firms in the Pacific Northwest, he rejoined Marcus & Millichap in November 2007 as the head of its Research Services division. John was elected as Vice President in 2010, advanced to First Vice President in 2013 and promoted to Senior Vice President in 2018.    Here are some power takeaways from today's conversation:01:59 His real estate journey03:25 2024 Outlook for the real estate market05:08 How LP investors can invest wisely in 202407:18 How to find good operators 11:41 Which asset classes will shine in the next few years18:14 Loan delinquency rates24:04 Rate caps effect on loans29:06 Construction costs affect the markets34:44 Interest rates getting back to normal39:40 What to protect ourselves from in 202442:41 The Best Ever Conference44:39 Podcast recommendation45:26 Contact John46:14 Thanks for watching! This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.       Resources Mentioned:LinkedIn www.linkedin.com/in/johnchang  Podcast Recommendations:Pickleball studio: https://pickleballstudio.com/Advertising Partners:Left Field Investors:https://www.leftfieldinvestors.com/Rust Belt Capitalhttps://rustbeltcapital.com/Left Field Investors - BEChttps://www.leftfieldinvestors.com/bec/Circuit Cityinvest.circuitcity.com

Message from John Chang on March 24, 2024

It's time for an economic temperature check for the self storage industry, and who better to share his insights on this than John Chang from Marcus & Millichap. Where are we now? What should we expect with the recession, occupancy, street rates, or construction? How should operators be approaching pricing, expanding, or investing? What should self storage be concerned with in the next year? All this and more is tackled by our experts. Plus, we take a ton of LIVE questions from one of the largest audiences Gabfocus has ever seen. Don't miss this special rebroadcast episode. Hosts: Tommy Nguyen & Melissa Huff Guest: John Chang (Marcus & Millichap) Brought to you by the teams at StoragePug and Lighthouse Storage Solutions

Here is our reflective recap journey through 2023, highlighting remarkable guests, best moments and invaluable insights. 79. Roth Conversion Secrets: Maximizing Your Retirement Savings feat. Craig Wear https://www.thebillionairepodcast.com/79 91. How to Build Your Own Virtual Family Office feat. Jim Dew https://www.thebillionairepodcast.com/91 89. Oil & Gas Masterclass: How to Evaluate Energy Investments - Part 1 https://www.thebillionairepodcast.com/89 90. Oil & Gas Masterclass: How to Evaluate Energy Investments - Part 2 https://www.thebillionairepodcast.com/90 134. Advanced Tax Saving Strategies feat. Keystone CPA https://www.thebillionairepodcast.com/134 133. Overview of Real Estate & Economic Updates feat. John Chang https://www.thebillionairepodcast.com/133 65. Real Estate Tax Shelters for Passive Investors feat. Erik Oliver https://www.thebillionairepodcast.com/65 95. Passive Investor Spotlight #9: Becoming a Lifestyle Investor feat. Justin Donald https://www.thebillionairepodcast.com/95 131. Investing Like the Ultra Wealthy Ft. Tiger 21 Founder Michael Sonnenfeldt https://www.thebillionairepodcast.com/131 106. State of the Multifamily Market: Rents, Supply, Markets & More feat. Jay Parsons https://www.thebillionairepodcast.com/106 Suggest a guest, topic, or simply ask anything https://www.thebillionairepodcast.com/p/ask-anything/ Connect with Ben Fraser on LinkedIn ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/benwfraser/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠   Invest Like a Billionaire podcast is sponsored by Aspen Funds which focuses on macro-driven alternative investments for accredited investors. Get started and download your free economic report today at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://aspenfunds.us/report⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Join the Investor Club to get early access to exclusive deals. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.aspenfunds.us/investorclub⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Subscribe on your favorite podcast app, so you never miss an episode. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.thebillionairepodcast.com/subscribe⁠⁠

In this episode, our guest, John Chang, National Director of Research & Advisory Services at Marcus & Millichap, shares key insights into the current economy, trends, forecasts, and areas of opportunity for 2024. We discuss the impacts of inflation, the Federal Reserve's interest rate movements and the evolution of real estate over the past 18 months. Connect with John Chang on LinkedIn https://www.linkedin.com/in/johnchang/ Connect with Bob Fraser on LinkedIn https://www.linkedin.com/in/bob-fraser-22469312/ Connect with Ben Fraser on LinkedIn ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/benwfraser/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠   Invest Like a Billionaire podcast is sponsored by Aspen Funds which focuses on macro-driven alternative investments for accredited investors. Get started and download your free economic report today at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://aspenfunds.us/report⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Join the Investor Club to get early access to exclusive deals. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.aspenfunds.us/investorclub⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Subscribe on your favorite podcast app, so you never miss an episode. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.thebillionairepodcast.com/subscribe⁠⁠

John's Media: Youtube: https://www.youtube.com/@johnchangws --- Support this podcast: https://podcasters.spotify.com/pod/show/manifestbrutality/support

Today we have John Chang the designer of Black Powder Red Earth a 28mm ultra-modern tactical skirmish game. We talk about the game and the design process the developers went through to get the game to market. 

Message from John Chang on August 6, 2023

We are ecstatic to have John Chang on this episode of Passive Income Pilots. John is the National Director of Research Services for Marcus & Millichap, the country's most dominant commercial real estate brokerage. He oversees a team of 20 analysts and produces cutting-edge market forecasts based on data and insights. He also speaks at 50+ conferences yearly and blows everyone away with his knowledge and expertise. John came to us fresh from the Fed meeting and unleashed some mind-blowing revelations in his 45-minute presentation with slides. You must watch it on Youtube and prepare to be amazed by the state of the real estate market and the best investment opportunities. This is a game-changer!Watch it on our Youtube channel: https://youtu.be/JfdRNe62fCo Show notes:[0:00] Intro[1:38] About John Chang[3:39] Why you should invest in commercial real estate[11:51] The economic outlook, recession indicators, and the key drivers of CRE[16:57] Unemployment rates, labor shortage, and employment growth[21:26] The consumer price index, producer price index, core personal consumption expenditures, and the Federal reserve[23:35] Bank shutdowns, bank reserves, and lending standards[26:27] CRE performance in different property types[43:14] The sales market[49:38] The effect of the rise of interest rates and mortgages on CRE[54:15] What John  looks at when investing[58:32] What property type John is bearish on[1:00:40] OutroConnect with Jonathan:LinkedIn: https://www.linkedin.com/in/johnchang/ Website: https://www.marcusmillichap.com/ Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

Message from John Chang on July 16, 2023

When something wild happens in the markets, there are a few people I have on speed dial… John Chang is one of the first. Today, we cut through the over-sensationalized headlines and give the cold hard facts about what is going on in the banking sector and how it affects real estate.  We even get his predictions where rates will be at the end of the year! John serves as the National Director of Research and Advisory Services for Marcus & Millichap, and is a leading expert in all things economics. The current issue with banks is not 2008… The GFC was a cascade that ran through the entire banking system, but what is currently happening is more like a sinkhole that gobbled up a few banks with acute problems.  However, the silver lining to the whole situation is that it caused The Fed to blink.  Tune in to today's episode to hear what that means for your investments, deal flow, and business going forward! Take control, Hunter Thompson Resources mentioned in the episode: Website 1. John Chang LinkedIn Interested in investing in ATMs? Check out our webinar.   Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital?  Check out our new FREE webinar -  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register.   CFC Podcast Facebook Group

Despite cyclical headwinds such as rising interest rates and an inflationary economy, the real estate industry is taking a long-term approach to assets and displaying cautious optimism for sustained growth and strong returns. This raises the question – how can real estate investors reposition their businesses and investments to adapt to market changes and take advantage of current trends?   John Chang, head of Marcus & Millichap's Research Services team, joins us from the Best Ever Conference to discuss the current state and future of the commercial real estate industry. John shares his expertise in translating economic data into actionable insights for investors stressing the need to stay focused on long-term strategies and staying on top of the market to make informed decisions. He talks about the trends in the industry over the next five years, including the growing importance of medical and suburban office spaces, the re-emergence of retail, and the democratization of commercial real estate investment. Click now and hear John's crucial advice for real estate investors in these volatile markets and uncertain times.   Key Points from This Episode: John introduces himself and explains his work at Marcus & Millichap, a commercial real estate brokerage and financing firm. What is the status of real estate investing now given the market changes and the Fed's intervention, and interest rate hikes in the past 12 months? How can investors avoid being negatively impacted by all the financial and economic doomsayers? How can investors anticipate and project their moves in the next three to five years given the volatility of the marketplace, the yields, the cap rates, etc? What factors should investors look for when considering multifamily investments? What factors should investors consider when looking at commercial real estate investing in the next five years? Why do suburban offices and medical offices make compelling buying opportunities now? Why are retail spaces outperforming despite multiple predictions of a "retail apocalypse" brought about by e-commerce?  What is the long-term outlook for industrial real estate given its inventory reduction, reduction in imports, and issues such as shipping, supply, and logistics? Is the multifamily market still an attractive investment opportunity? What are its long-term household formation trends, and growth potential? Why does John say that commercial real estate investing has been undergoing democratization although private investors are still underrepresented? How does John see today's market in the broader context of the historical market cycle?  John advises investors to invest in real estate, understand the underlying drivers, and partner with the right people. John's contact information   Tweetables: “Investors must stay on top of the market and be aware of what's going on.”- John Chang    “Don't miss out on the opportunities that are here today that actually will play well into your future goal.”- John Chang    “There's always another piece of real estate but it's very, very hard to replicate knowledge, experience and seasoning and understanding of the nuances of the market.”- John Chang    “The huge advantage of real estate is it is generating cash flow. It is paying you on a month-to-month basis and it allows you to have income throughout your entire retirement cycle.” - John Chang    “The momentum in the real estate space is enormous. The amount of capital coming into commercial real estate is the greatest that's ever been.”- John Chang    “Real estate is a long game. We're not day trading.” - Tyler Chesser     Links Mentioned: John T Chang on LinkedIn Marcus & Millichap Best Ever Conference Invest with CF Capital   About John Chang John is the senior vice president of the National Director of Research & Advisory Services at Marcus & Millichap. He is a leading analyst focused on commercial real estate performance and sales trends. He provides industry-leading insights that blend economics, demographics, performance metrics, and sales trends to offer investors a unique and insightful perspective. John has in-depth background blending marketing, advertising, media strategy, promotional campaign creation, PR, web development, eCommerce, and product development adding contextual experience and understanding to insights and analysis.    With an extensive experience across the entire real estate sector, John has published articles, videos, and webcasts and has been a featured speaker in industry events and conferences focusing on all commercial real estate property types: hospitality, industrial, manufactured housing, medical office, multifamily, office, retail, self-storage, and senior housing.

John Chang (Marcus & Millichap) joins us on this rebroadcast of our recent webinar and shares his expert insights on the current state of the self storage industry in relation to the broader economy. We explore the future of the economy and identify key economic indicators to watch for self storage operators. Is it time to buy or sell your facility? Will Public Storage acquire Life Storage? Will we avoid a recession? Tune in to hear John's predictions and gain valuable insights on navigating the economy in the self storage industry. Hosts: Tommy Nguyen & Melissa Huff Brought to you by the teams at StoragePug and Affordable Storage Guys Management

Our guests this week are Tommy Hyland, and John Chang, on to talk about blackjack teams. Tommy runs the Hyland team, one of the longest running and most successful teams of all time. You can read about him in Gambling Wizards. (Shameless plug) John ran the MIT team and you can read more about him in my interview here. https://www.lasvegasadvisor.com/gambling-with-an-edge/interview-with-johnny-c/

Title: ⏰ Synergy Traders #40.24: Swinging Options in Volatile Market with John Chang of TheRockTradingCo.com   Recorded on July 21st, 2022 as part of the Synergy Traders #40, Day 3: "Investing and Long-Term Trading 2022 Conference" event, hosted by TradeOutLoud and TimingResearch.   The full event video/podcast series and presentation notes are available here: https://timingresearch.com/blog/2022/synergy-traders-40-day-3/   Terms and Policies: https://timingresearch.com/policies/  

Thank you for sharing with us today, John Chang!

Rich Fettke has a passion for helping people improve their businesses, grow their wealth, and live more fulfilling lives. He is the author of The Wise Investor, Extreme Success, and the audio program Momentum. Rich is also a co-founder of RealWealth®. Since 2003, the company has helped over 60,000 members improve their financial intelligence and acquire cash-flowing income properties — so they can live life on their own terms. As a licensed real estate broker and an active investor, Rich was selected as a Rich Dad Author for his expertise as a Wealth Mindset Expert.   The real estate industry is not easy for everyone to jump into. If you have just gotten your real estate license and feel you need extra support before getting your feet wet, or if you are an experienced agent looking to take it to the next level, you may decide to get a real estate coach. Rich who is a coaching mentor and investor will discuss the value of having a coach and mentor and what you can expect to find in his new book.   Episode Links: https://realwealth.com/ https://realwealth.com/the-wise-investor-book/ --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Rich Fettke, who is an author, investor, coaching mentor, surfer, among many other things, and Rich is going to be talking to us today about some of the mistakes he seen investors make the value of having a coach and mentor as well as what you can expect to find in his book, which is soon to be released. So let's get into it.   Rich, what's going on, man? Welcome to the Remote Real Estate Investor. Thanks for hanging out with me.   Rich: Good to be here. Great hanging out with you.   Michael: Super excited. So before we hit record here, you and I were chatting a little bit about some sports where you both share in common, but I would love if you could give our listeners a little bit of insight into who you are, where you come from and what it is that you're doing in real estate today.   Rich: Sure, absolutely. My name is Rich Fettke and yeah, interesting. The way we got into real estate investing, I'm an I'm an investor and my wife and I also have a company that helps investors but that was what really got us into it was despair. It was about it was exactly 20 years ago, I was on top of my game, I had a book deal, just signed with Simon and Schuster. I was a business and personal coach had a thriving coaching practice, I was giving keynote speeches all over the country. It was like I was just crushing it and I felt so good. I was 37 years old and then I was diagnosed with melanoma, which is an advanced skin cancer but that's not the biggest deal is that they thought it spread to my liver.   So they had me do a CT scan and ultrasound and it kept showing these masses on my liver and so I met with an oncologist and he said, you know, it looks like you got about six months to live and we had a 10 year old daughter. Yeah, it just rocked my world, I had a 10 year old daughter, a three year old daughter. My wife is amazing but she was a stay at home mom and so she was freaking in the sense of what am I going to do financially if Rich dies and so she started to she had a as a coach, we were doing things together, she was also a trained coach and so she had this small radio station in San Francisco that she used to do a radio show on about all areas of life being your best self and personal development and all and she said I gotta figure this out. So she started to help people on that were financially successful, and was interviewing them about how do they create wealth and how do they create financial success and most of them turned out to be real estate investors. No surprise, so she came home all excited. One of them was a mortgage broker and he said, if you get your license, you can come become a mortgage broker. This is about 2003. So you know, things were still the mortgage world is pretty easy back then. So she went and did that. In the meantime, we figured out I had a PET scan, which is the most advanced scan for cancer, and it showed me cancer free. So it was just it was a false diagnosis. It was just hemangiomas little clusters of blood vessels on my liver but that was enough for me to go for those three months of not knowing if I was going to be alive, it was enough to give us the kick in the butt to get out and, and make things happen. So Kathy, and I see after that after I was healed, we started to invest together. We bought a bunch of properties in the Dallas, Texas area and it just took off from there and then Kathy started to help other investors with their mortgages. We had a bunch of friends and family saying, tell us how are you doing this? We you know, how are you doing this out of state investing and so we started we formed a group that we thought would be just a small group of family and friends and people that listen to the radio show. We thought it'd be a couple 100 people and today it's over 64,000 members now at real wealth that we're helping invest.   Michael: It's pretty amazing. Richard, good for you guys, so I I'm curious in your coaching business before you got diagnosed, did you ever come across real estate investors?   Rich: That I coached? Yes. Yeah and my mindset was, I want to invest in real estate someday when I have enough money and so and I was thinking I needed, you know, several $100,000 you know, to buy that first rental property or first investment, not realizing the power of leverage and how much banks love to lend money on real estate and so that was that was the eye opener for us.   Michael: Okay, I love it and what made you go remote? I mean, you're in California and your wife live in in San Francisco. Why did you pick to invest outside California?   Rich: Actually Robert Kiyosaki. It was she because Kathy was on the San Francisco radio station she was and it got bigger and bigger or she was able to attract some pretty big names and then this guy who had just written a book called Rich Dad, Poor Dad, not long before that, and he had this cashflow game that he was promoting and we had a friend who was his distributor for crypto cash flow game back in the day and so he was on the radio show, and he warned Kathy's listeners to sell their overpriced California properties and to invest in Texas and so we took his advice. Not we didn't sell all our expensive property, sadly, because 2008 crushed us with our California properties but it was, you know, he just saying for cash flow and what's going to happen, he was currently kind of calling out what was going to happen in 2008-2007. That's what sent us out of state.   Michael: Love it. So you also recently have written a book, haven't you?   Rich: Yeah, I just finished my second book. 20 years later, well, I have an audio program back then, too but yeah, it took me 20 years to write my second book and it's called the wise investor and it's a lot different than my first book that was mostly coaching focused. It was a nonfiction, basically a personal development book and this book is a modern parable. So it's story forum, and it tells a story of creating financial freedom and but also living your best life.   Michael: That's awesome and why did you decide to write it?   Rich: Interesting process, you know, I've had my own coach, to walk the talk to over the last 25 years now, I started coaching 25 years ago, and this coach that I that I still talk to every week, or every other week, now, he kept kind of he had read my first book, so he's always kind of knocking on me saying, when are you going to write your next book? When are you going to write your next book and I was like, I'm too busy running this company, you know, we have 27 employees and but then what we did is we applied story branding to our company. Are you familiar with that story branding?   It's a guy named Don Miller. He wrote a book called Building a story brand and it's all about basically telling the hero's journey, Joseph Campbell's work, using the hero's journey, just like great movies, do great books do weaving a story where your customer is the hero, and you are the guide. So the company is the guide, you help your customers and so we changed everything on our marketing around that, and how we served our members as being the heroes and I just got into this whole storytelling thing. I'm like, this is fascinating the structure of how to write a story, a compelling story that engages people that elicits an emotional change all that and so one day when in a coaching session, I said, you know, if I was going to write a book, I'd probably tell a story and then he heard that and you just like, What do you mean, tell me more and then that was the spark. So then then I get obsessed with it and I'm like, I could write a parable about what I've learned over the last 20 years as an investor, what I've learned in the last 25 years as a coach, yeah, and kind of weave them together into a story.   Michael: How cool and without giving away too much of the book. I mean, what could people what should people expect to find when they when they get a copy?   Rich: Basically, it's about this family, man, his name is Ryan Brooks and he's like a hard worker. He's got a wife, he's got a couple kids, and he's making a decent six figure income maxing out his 401k but he has no time for his wife or his kids or even his life and he's not investing. He's basically what we call today, Henry, right? A high earner, not rich yet. So he's…   Michael: I love it.   Rich: Yeah, they're out there does a lot of people you know, especially in California, where I'm based, and that make a lot of money, make a good income, but they're not rich, they're not wealthy, and they're not investing their money. They're spending it on things and so this guy is, is in that same trap. So he just starts to learn from he meets this new friend and mentor, who takes him out on adventures. Of course, it takes him out climbing takes him out mountain biking in in the sessions, when they're having fun together. He teaches him about investing about how wealthy people think, how rich people operate, and how and how poor people operate and think and he really goes over the difference between, you know, truly wealthy people, and people with a lot of money. He even says, you know, I know some people who are so poor, all they have is money and I see that in Malibu, you know, where I live there's a lot of has a lot of money and some of the people are really stoked and really happy and getting the most out of life and investing their money at some of the people are grumpy and miserable and, you know, that's rich in money but not in life.   So there's a lot of lessons about helping Ryan Brooks and his mentor walks them through this on how to invest how to how to really look at life through a different lens. One of my favorite things a mentor says to his mentor is about assets and he just kind of puts it in a different frame. He's like, you know, assets is are anything that will provide you income, or better health or happiness or two time and liability is anything that detracts from your income, or your health or your happiness or your time. So it's kind of a cool that type of perspective is this mentor is like, he's the me I hope to be in the future. He's that in that wise investor who's you know, he's got it all together, he's got this sage advice. He's very stoic, but he shares these lessons. So it covers the journey of five years of when they first met, and Ryan Brooks is struggling and just doesn't know what to do and it shows five years later, what happens and how he becomes wealthy in more ways than just money. I love it in money, too.   Michael: I love it. I love it enrich. Where can people find the book?   Rich: It's on Amazon, all major booksellers, published through Rich Dad advisors. So Robert Kiyosaki wrote the foreword for me, which I'm very grateful for… Come full, full circle, right.   Michael: Totally.   Rich: Yeah. So it's on Amazon. It's called the wise investor. Subtitle is a modern parable about creating financial freedom and living your best life. I got the cover right here. So it's out on eBook. This is what the cover looks like. Perfect. So it's out on eBook. But the printed version, the hardcover and the audio book won't be out until August and it's because of just like real estate supply chain issues. There's not enough paper at the printers, so it's a long wait six, seven months now to get a book printed.   Michael: Holy smokes…   Rich: Isn't it wild?   Michael: Yeah, okay. Well, I'm interested, get your order in now, because it might be a while.   Rich: Right, yeah. So hopefully it all comes out in August. Hopefully it comes out earlier in August but yeah, and the audio book was, that was a fun challenge for me. Big goal, because, you know, it's a story and there's 10 different characters, females, older people, young kids, so I had to become, I had to learn some voice acting skills over the period of a couple of months and really practice it. Oh, how can I think I pulled it off, we'll see how the reviews are.   Michael: Right on. That's great. Well, Rich, I'm curious to get your opinion on something because you're a coach, I will also work as a coach and there are folks out there that say you can take the horse to water, but you can't make him drink and so thinking about kind of the Henry's out there, and I think a lot of our listeners might find themselves in this boat, too. They have friends, family, folks around them that don't get real estate investing, right? I have a six figure job, I got a great job, why would I bother investing, I can make more money at my job. So what do you say to all those people and really, how do you position investing in general or real estate investing specifically to the people that think they haven't really good as things stand?   Rich: Yeah, I mean, first of all, you know, as a coach, I'm going to help point out what is good first, you know, this is the way I coach, the gratefulness piece and, you know, it's like, well, you know, be stoked on that six figure job, or whatever it is and it's about creating freedom and so many people don't have that freedom and that's what the Henry's don't have. If they have a short runway, if they stopped if they lost their job, which we've seen happen, they don't have many months left of cash flow, to be able to live their lifestyle, or any type of lifestyle. So that's the biggest thing would be that, do you want to create freedom for yourself, and not have the stress of losing your job, or wanting to move to a different job, if you're not loving what you're doing, a lot of people stay trapped, struggling, just trapped in their jobs, because it's like, this is my income, this is the way this is what I need to make ends meet. So that's the biggest thing, it's really about having your money, make money, so you can create freedom in the future freedom of time and everything. I think that's the biggest one and then so then flipping on the other side, there's something too about America, in the world that we are preprogrammed.   When we think invest, we think stock market and you know, I have nothing against it and Kathy and I are and my wife and I are invested in the stock market, but our major focus and the big aha, back through that story is, you know, we were doing that we were contributing to our IRAs and, you know, doing everything we were supposed to do investing in the stock market. But when we learned about leverage the power of leverage and how you can like 5x your money, just through the power of leverage. I mean, that's a standout and that's one of the lessons the mentor goes over in the book. He, he has Ryan compared to say, say you have $200,000 to invest and you invest 200,000, and gold, you put 200,000 and you buy, you buy maybe 400,000 in the stock market on that, you just leverage it and then you invest that same amount into real estate and then he kind of plays it out over five years, and over 10 years, sorry. So he's like 10 years later, and he said, so how much would the gold be worth at the same appreciation that's gold has been at and they look at that outcome and he said, oh, now let's look at your stocks and he looks at that. It's like good, he's got a decent return. Another investment, you know, he's got home and he's like, almost tripled his money but then the real estate, he looks at it, and he's 5x his money and more and then he's like, and that doesn't include the cash flow. It doesn't appreciate all the depreciation write offs and the tax benefits. So it's kind of like an eye opener to be like, oh, wait a minute. Now I see the, you know that the angels sing about investing in real estate and all those amazing, amazing benefits.   Michael: Totally, totally. Yeah, that makes that makes complete sense and curious, rich to get your thoughts on when looking for a coach because I think that that's something that some people have trouble wrapping their head around, it's like, oh, I you know, I don't have a coach in life and so I would never be inclined to go get a coach or pay for coaching and so if people are inclined to do so if people are okay, accepting that, what are some things they should be looking for when selecting a coach, or a mentor or whatever, you'd have someone to help walk them through their journey?   Rich: Yeah and that's a great question. It's like, I'd actually like to start step back a little bit, because you said what if they want to coach I would even go as far as there's a lot of people that I meet who say, Why do I need a coach, you know, I can hold myself accountable. I, I know how to set goals. I know how to go after what I want and everything in so why would I… Yeah, like you said, Why would I even pay someone or do anything like that and it's, you know, it's that age old metaphor or an analogy of an Olympic athlete, right? Did they get to the Olympics without a coach? No, you need someone to point things out. So for me, I know the power of coaching has been incredibly amazing because I have a coach to basically hold up the mirror to ask me the questions that I'm not asking myself, to help me look at myself and be like, you know, asking those tough questions. How are you operating? Are you being your best self? Are you, where are you getting in your own way? What's that inner Gremlin in your head saying to you? What's your limiting beliefs and what are you going to do here, what and look at new perspectives, new ideas. So there's a power in that, that it's called, I'm certified in CO active coaching, which is two people, you know, when you come together, you come up with ideas that you neither would have thought about their own? So that's another powerful piece of coaching. So that's, that's the first part of my answer and then the second part is, when you're looking for a coach, I think it's really what you're looking for.   So are you looking for a mentor, which is I think, different than a coach, a mentor has kind of been there, done that, just like the mentor, and in the book I wrote, he's been there and done that. So he can say, if you just do what I did, you will be where I am, which is awesome, and very valuable and that's a mentor and I think some people are looking for training and consulting, where they sign up for a coaching program. But it's more about teaching to learn a specific skill and that's very valuable to so and then the third one would be looking for a coach who's more like that coactive approach where it's someone who I first shared, and what I've gotten from coaching is someone to ask the most powerful questions, someone who's intuitive, someone who can really help you shift your mindset and be your best self and operate at your best self. So that would be a another type of coach or a peer coach in my eyes and sometimes it comes together, you know, I'll say to my clients, do you mind if I throw on my consulting hat right now or my mentoring hat? So they know that I'm stepping out of that coat peer coaching role and be like, you know, I've invested in real estate for a while I can give you some advice here, I'm not going to have you, you know, go and search it and try to learn it elsewhere when I've got it right here, and I can share it with you. So I think that's it, it's like looking for what is it that you want? What are you looking for and that would be the first thing and when I was interviewing for a coach and looking for I've had several coaches over the past 25 years, when I interview a coach, I'm always coming from the place of like, what's the vibe? What's it feel like to be coached by this person?   Do they? Do they ask powerful questions? Are they really hearing me and are they into my vision? You know, I think the biggest thing would be connecting with that coach, and really, really noticing, like, is this coach, really seeing my vision? Do they really get me who I am and what I want what's going to help me be fulfilled in my life, and in my career, and it's just a sense thing. So you can get that sometimes you you're talking to a coach, it's like, oh, this guy's or gals just coaching for the money, you know, just looking for another client. Sometimes you talk to a coach, it's like, wow, this person is really like, wants to coach me on their ideal client and so you can sense that   Michael: Interesting and how should people be thinking about it for themselves? If maybe they're not sure if someone is just getting started out in this journey, they know they want to invest in real estate, that's the goal but they don't know how to approach it to the to coaching and mentoring a consultant. I mean, what are some questions that they could be asking or things they could be thinking about, as they're starting?   Rich: That process gets great, I mean, experience, I would ask for experience and you know, I think it's great, you can find you can definitely find a coach, you know, or whatever they call themselves. They might call themselves a mentor, but it's like asking those questions. and talking to that person, just you know. So here are some of my goals. I know that you invest in real estate, can you tell me about your real estate background? What's your investment, investment philosophy? What have you invested in and I would even ask the coach, you know, what's been your biggest challenge your biggest failure as a real estate investor, you know, get see how vulnerable and real they are and if they're willing to, you know, to share that, and what's been your biggest, you know, what's been your biggest win as a real estate investor and what's your greatest strength? So I would ask some of those questions of a coach and then also like, what's, where do you I mean, real estate investing so broad, right and so it's like, what do you specialize in? What do you know best? When it comes to real estate investing?   Michael: Yeah, I love that. You mentioned tell me your biggest failure, biggest flop. I had a mentor back in the day, and he said, I don't trust anybody without a limp. Yeah, because like the people that have only had successes don't know how to do save no right to ship when things go sideways, and they will go sideways.   Rich: They will, they will. Yeah, I know that people who got into real estate in 2010-2015, who are just, you know, knock it out of the park, and they think they're, you know, superheroes. Sometimes I'm like, oh, careful, careful   Michael: We are all superheroes in this, you know, the last decade.   Rich: Exactly. Yeah, yeah.   Michael: So Rich, talk to us a little bit about what you've seen. Some of your coaching students or mentees get right and what have they gotten wrong because you really we have the beauty of hindsight now…   Rich: When it comes to investing, specifically?   Michael: When it comes to investing specifically…   Rich: Yeah, wrong and it's the same mistakes that Kathy and I made too. And it's that you try to talk people out of it and it's like buying an overpriced property in a non-landlord friendly state that is maybe slightly negative cashflow, or just breakeven, and they're looking at and say, but look at how this is appreciating in five years, it's going to be worth this much and it's like, no, so honestly, that's the biggest mistake I can see and I can see it in single family all the way up to multifamily. You know, just speaking at these conferences and meeting with a lot of people are doing multifamily. They think they're superheroes. They're doing this short term, short term lending short term loans, and bridge loans and really dangerous stuff at this time in the market because it's what's worked in the past and they think that they just like, Well, yeah, it's like, I know, this is a I know, it's only a you know, 2% cap rate, but that's okay because, yeah, just a one in three years… Yeah, exactly, so there's something there's something about, there's something about that. Yeah, it's just it's fundamentals, I think that's what it is, is comes down to investing fundamentals and that's what we preach at our company. It's how we help our investors, it's just really coming back to the fundamentals. Make sure you're doing it right.   Michael: Yeah, that makes sense and what about the other side of that coin for the folks that you've really just seen knock it out of the park? What are they doing and you can't say the fundamentals, you have to pick a different answer go?   Rich: That's great. I love that. Agreed, yeah, what value is that? Really, it's the people who, what I've seen, it's the people who take the long term game plan to the boring investors, the ones who are not trying to do this rapid growth, and trying to 10x their portfolio or 20, exit, or whatever it is. So it's keeping that long term perspective and just, you know, making sure that you can control the properties through any type of downturn and so the lessons learned that that, you know, being going through the whole recession, the Great Recession, and the whole mortgage meltdown, and all that big lessons came from that and so that it's the people who take out long term, continuously reinvesting to so it's like, you start this small, small portfolio, whether it's passive or active, and then you just start expanding and expanding and expanding it and I would say, it's the people who focus on the overall cash flow, not just I mean, brink weaving into appreciation, but looking at it, like five years from now, this is what my portfolio will most likely be doing based on everything, even if there's a recession, or whatever and then looking out 10 years and looking at it 15 years.   So it's that big picture and then reinvesting. The opposite of that would be someone who's I have some friends who were only flipping, so very transactional, and they had to find the properties either flip it and that's where their income was coming through into constantly flipping it and they adjusted the wise ones and the smart ones adjusted and switch to the bur stead strategy and so they started to find these properties, fix them up, but then they would hold them and rent them out and now they're the ones that have amassed a good amount of wealth, whereas the other people who are flipping are still in the transaction game.   Michael: Yeah. Ah, that makes sense, that makes sense. Okay. We've had a pretty good debate on the show over episodes about something called an alligator, which I don't know if you know Michael Zuber at all he's an author of one rental at a time. He's a good friend of the podcast, but in his definition alligators any property, that's negative cashflow, you have to feed it every month to keep continue owning it. So as you're talking about big picture, are you okay? If you say for instance, take out a cash out refinance a property to make that property a go negative, but to buy property B and now your global cumulative cash flow is greater than that a property a alone.   Rich: I'm in the camp of no, don't, do not no, no negative cashflow and negative cash flow and I'll be completely honest and transparent that the house at Kathy and I were in in Malibu before this, we bought it, we fix it up, we bought it for $747,000 in Malibu, which is rare, hard to find, it's like unheard of. Yeah, it was like it was a one bedroom, one bath built in 1927 and we had to completely gutted it and rehab and we put about 300,000 into it and then we didn't get permits. So we got busted in that process and now there's still a lien on title from LA county building department and so we can't sell that place and we can't even get a refi until we get those liens off title and get it all permanent everything which is a, that's a whole different stories…   Michael: Trying to get us to do an entire podcast series…     Rich: Coastal Commission and all that stuff. So oh my gosh, so we have a tenant in there and it's slightly cash negative cash flow. So that's like 150 to 200 a month negative cash flow.   So being completely honest, we do have a negative cash flow, it drives me crazy and that house has gone up probably $400,000 over the last couple of years in value. So we could look at it that way. But we can beyond that everything that we hold is positive cash flow, even if it's just like $100 a month positive. That's fine and if we're going to do a cash out refi we make sure that it's appreciated enough where we can do that cash out refi and not have the loan payment, PTI go over what we're gonna get for rental income.   Michael: Yeah, makes sense. Well, I appreciate you sharing the misstep and the vulnerability here on the show but it wasn't intentional, that was just a series of consequences. That hadn't be negative. You wouldn't you would intentionally do that.   Rich: Yeah, we did bring it on ourselves and but yeah, wasn't intentional. We didn't want to get caught.   Michael: I've played that game before, too. It's a risky one.   Rich: It is. Yeah, so you're always looking out the window and yeah…   Michael: Who is coming in, roday gonna be the day get caught o maybe tomorrow?   Rich: Exactly. When we were almost done. We were building the final deck in the back and all of a sudden, this building inspector shows I'm investigating you because one of your neighbors called…   Michael: I was gonna say but it's probably one of your neighbors.   Rich: Yeah, because it would make the cut and concrete and it was so loud or for the whole week. I think it just drove this neighbor crazy and so it is what it is.   Michael: As soon as a quick aside one of the other hosts on the show with me, Tom he, one of his neighbors called on him he was adding an offer a small prefab office in the backyard of his property. neighbor called he gets in trouble. Same thing didn't pull permits. So now he's going through that whole rigmarole. But the funny part is the neighbor that called Tom found out that their fence is on Tom's property, it's on the wrong side of the property. He's like, thanks for calling and alerting me to that little fact.   Michael: Unbelievable.   Rich: So he's, he's playing that game. How do I how do I want to you know, play my next hand?   Rich: The revenge game…   Michael: That's it, that's it, best served cold on ice. Okay, Rich. Let's wrap up here. I'm curious to get your thoughts. We are in this very unique time in our economy in our market in this country and I'm just curious to kind of get your thoughts on what are you doing, personally as an investor and what are you doing in your business and what are you telling your students to do, as well?   Rich: Absolutely, yeah. I have the benefit of being married to Kathy Fettke, who has been around for a while she's on the on the market podcast on Bigger Pockets and so she's constantly doing her market updates every year, she does predictions and has done that for the last 15 years and then at the every quarter, she doesn't investor update and at the end of the year, she puts herself on the line says okay, here's what I predicted back in January. Let's see how accurate I am and yeah, and she's been really good. She's like almost 95% on her predictions, which is awesome. So I just listened to her. You know, she's always interviewing experts and she's connected with like John Chang from Marcus and Millichap and so many just, you know, experts, as I said, with Kiyosaki and all that. So what she's saying I'll just speak, you know, because I get to hear through her office door when she's doing all her interviews and everything she think He said interest rates are not going to go up that much more, maybe even dip a tiny bit for mortgages, and then maybe level off.   But even though the Feds gonna keep raising the rate, the lender and great mortgage rates can't kind of withstand that going up too much. So she thinks mortgage rates are going to hold around where they are and then there's such a glut in such a need for properties and not enough inventory. It's like a whole different world than 2008-2009. So yeah, I think we're, it's estimates are between three and 5 million homes shy right now, for housing units. So inventory still low and also, there's that whole thing where people are locked into these amazing interest rates, so they don't want to sell. So they just, it doesn't make sense to sell something and when you got a 3% mortgage or lower and go into a higher mortgage, so the real estate is gonna hold strong is what she's predicting, it's even going to increase a little bit rents are even going to increase a little bit surprisingly, even with, with the economy and inflation, rents are still gonna go up a little bit, that's her prediction and then a recession will hit well, most likely, sometime around late 2023, early 2024 but it will be a mild one, just kind of more of a correction that that's needed.   Michael: Okay. Okay and does either her or you think that there will be any kind of pullback in demand as folks go back into the office or are we going to be seeing remote work kind of indefinitely, which I think was a big driver of that single family rental demand?   Rich: Yeah, that's a big one. Yeah and the cool thing is like, we have teams that are like the boots on the ground. So there's different 15 different property teams in our company that find properties and so and we just did a mastermind with them in Tampa, Florida and we spent two days and we really talked about all this exact same stuff. So it's, it's something around not like a big hit on it. There still will be some availability, but not much different than if you look at today's current market right now is not going to be a lot different than that over the next year and a half.   Michael: So for instance, we don't expect there to be much pullback in terms of demand. Dude, because we're expecting people to continue remote working basically…   Rich: There's definitely a return to the office. There's there are definitely companies that are saying no, it's time to come back now that we want to look over your shoulder, we want to hold you accountable and all that stuff. It's so funny, because it's like the surfing lineups are getting a little bit lighter thinning. So funny. Go Oh, it's like why are so many people surfing? Oh, they're supposed to be orange. They think they're working. Their bosses think they're at work right now. Yeah. So I'm seeing a pullback there. So that's my gauge.   Michael: So funny.   Rich: Yeah, but not as much. There's definitely, with so many people how they've learned to use Zoom and GoTo Meeting and being remote and all that stuff. It's we're in a new world, there's no doubt about it. So I think there's going to be a slight pullback on buyers and transactions and all that. As far as the rate, but it's still not going to it's not going to drop to like dismal levels.   Michael: Okay, sweet. Well, we will definitely have to stay in touch and see how you do how you and your wife do on those percentages. Rich, this has been so much fun, man. Thank you again, if people want to learn more about you want to learn more about real wealth, where can they do that?   Rich: For the book? Like I said, it's on Amazon or if people want to learn more, before they buy it, just go to https://realwealth.com/the-wise-investor-book/  and then our website is just simple, real wealth: https://realwealth.com/   Michael: Perfect. Alright, thank you again and I'm sure we'll be chatting soon.   Rich: All right, man. Thank you, it was fun.   Michael: All right, everyone a big thank you to Rich for coming on. Super, super insightful. I know I learned a ton as a coach myself in what to look for in a coach and mentor going forward as well. So as always, thank you so much for listening, and we look forward to seeing the next one. Happy investing…

As the country deals with high inflation in food, energy, and housing, many real estate investors are pivoting to keep up with changing market dynamics. Smart investors can thrive in challenging times, if they know where to look.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. I recently interviewed John Chang on my other podcast, The Real Wealth Show. John is the National Director of Research at Marcus & Millichap, and he offered some very good insights that I wanted to summarize here on Real Estate News for Investors.Marcus & Millichap's John ChangJust to give you some background on John, he leads a team of real estate research professionals and is responsible for the production of the firm's vast array of commercial real estate publications, tools and services. Under his leadership, Marcus & Millichap has become a leading source of market analysis, insight and forecasting, and the firm's research is regularly quoted throughout the industry and in mainstream business media. To summarize, John is well-respected in his field.During his recent interview, he explained how good investors had it last year, and what they will be up against this year. He says last year was off the charts for commercial real estate. Transaction volume was up about 30% higher than the previous peak, and the dollar volume was up 45%. He says there were more deals, and many of them were also bigger deals, which is why there was a surge in dollar volume. Changing Real Estate EnvironmentBut as prices and interest rates rise, what are we starting to see now? At the time of this podcast, the overnight lending rate was up 75 basis points. That's triggering the beginning of a slowdown, but John says we haven't really felt the impact yet, because many of the transactions that are closing today were locked in 30, 60, or 90 days ago. He doesn't think we'll see much of a change during the first half of 2022, and in the second half, he expects a little bit of a slowdown, but nothing dramatic.He says, even with a few more rate hikes, there won't be a huge impact on most real estate investors., because there's a lot of capital out there. After all, the Federal Reserve increasing the amount of that's circulating by nearly 50% in just two years time. This is unprecedented. As those dollars circulate, investors are looking for places to put that money as a hedge against this inflation. There are also tax benefits that investors will be trying to capitalize on. So he expects investors to keep moving forward with their plans, but hopefully with more caution.The “Value Add Mentality”John told us a little story about his Dad during the interview. He said that his Dad bought his first rental property in 1971. He took out a loan at 6.5% which is higher than what we are facing right now. John's Dad still owns that property today, and John says the reason it has worked out so well is because of something called “value add.” His Dad continued to add value to that property so that the high interest rate didn't matter that much. And over time, it's been a worthwhile investment.John says that smart investors have a “value add mentality.” They will research and analyze a property, and figure out a way to improve it with better management or upgrades or conversions. This mentality is something that new investors may not have developed yet because it's been so easy in recent years. Analysis hasn't really been necessary.As John put it: “Investors have gotten lazy… because interest rates have been so low you can just buy into a deal and it cash flows right away. You don't have to work as hard.” But he says that we are now coming to a time when “investors have to roll up their sleeves, understand the intrinsic value of the property… what they can do differently than the previous owner, and then buy those properties.”Sophisticated investors don't see high interest rates as a game changer. Instead, they look for ways to add value to the property to eliminate that expense. Even properties with a negative cap rate can be good for investors, so long as there's a way to add value.John points out that the U.S. economy is the strongest in the world. People are working and spending money. Real estate is doing well. There are still supply chain issues to deal with, but when it comes to construction, the winners will be the builders with more experience and connections. This is important for investors also, to work with people who are connected. Successful investors will need to choose their properties and their partners carefully.Where Are the Deals Now?As for where investors will find deals in the commercial real estate space, John had several ideas. He mentioned multi-family buildings in smaller cities as a possibility, along with certain types of hotels, although hotel ownership also needs a special skill set. Also, he likes suburban office space in areas where people are moving, and self-storage, to name a few. If you'd like to hear more about commercial real estate from John, please check out his interview on The Real Wealth Show. You can also find out more about owning single-family rentals at newsforinvestors.com. It's free to join our network. As a member, you get access to the Investor Portal where you'll find information on rental markets and sample property pro-formas. You can also connect with our experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Also, please remember to hit the subscribe button, and leave a review! Thanks for listening. I'm Kathy Fettke.Links:On Our Website:Navigating New Real Estate Challenges w/Marcus & Millichap Analyst, John ChangOn YouTube:Sage Advice from Top Real Estate Analyst

Real estate investors are pivoting once again to keep up with changing market dynamics. There's so much to consider when evaluating opportunities including inflation, interest rates, energy prices, housing prices, the kind of properties you should be buying, and how you can make a profit in a difficult economic environment. It's not as easy as it has been, but there is a formula for success, and you'll hear about it in this episode. Our guest is the National Director of Research at Marcus & Millichap, John Chang. He leads a team of real estate research professionals and is responsible for the production of the firm's vast array of commercial real estate publications, tools and services. Under his leadership, Marcus & Millichap has become a leading source of market analysis, insight and forecasting, and the firm's research is regularly quoted throughout the industry and in mainstream business media. Owning single-family rentals is one way you can build wealth in the real estate world. You can find out more about that at realwealthshow.com. Just sign up, for free. As a member, you'll get access to the Investor Portal where you can see sample properties and connect with our network of resources. That includes experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.And please remember to subscribe to our podcast and leave a review! Thank you!

John Chang is the National Director of Research at Marcus & Millichap, one of the largest CRE brokerages in the country. John goes deep into the state of our economy, dissecting how the Fed's response to circumstances will impact trends, how cap rates are or aren't correlated to interest rates, and why US real estate is attractive to global investors. John shares his wealth of information from their firm's deep research data. As a bonus, John shares his thoughts on whether we'll have a recession, and the best and worst places to invest right now. This is a must listen episode. Love the show? Subscribe, rate, review, and share! TheBillionairePodcast.com

Watch the video recording of this show, See the highlight videos Gain access to online real estate syndication resources ACCESS THE SHOWNOTES PAGE BY CLICKING HERE.

We're sharing the top ten sessions from the Best Ever Conference 2021 as we gear up for the Best Ever Conference 2022 at the Gaylord Rockies Convention Center in Colorado this February 24-26th. In this episode, John Chang shares his top strategies for managing your investments during the pandemic, including how to navigate the economy, understanding the market changes, and what you should be aware of moving forward. Register for the Best Ever Conference here: www.besteverconference.com Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

We're sharing the top ten sessions from the Best Ever Conference 2021 as we gear up for the second Best Ever Conference at the Gaylord Rockies Convention Center in Colorado this February 24-26th. In this episode, Ryan Smith, John Chang, Hunter Thompson, and Neal Bawa have a lively debate about whether interest rates will rise over the coming year. Ryan Smith: http://elevationcapitalgroup.com/ John Chang: www.marcusmillichap.com Hunter Thompson: https://asymcapital.com/ Neal Bawa: https://grocapitus.com/ Register for the Best Ever Conference here: www.besteverconference.com Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Today's guest on the Not Real Art Podcast is John Chang, one of our six 2021 Not Real Art Grant winners. John is a Chinese-American multidisciplinary artist from Shanghai who considers himself a spiritual escapist. His work is rich and deep, layering language and image to construct and reconstruct meaning, memory, and intention. In this episode, John shares his process of searching for new meanings in a new world, one where it has become increasingly important for artists to embrace digital mediums and utilize the power of art to facilitate empathy. In the wake of COVID-19 and waves of racially motivated violence against Black and Asian people of color in the US, John emphasizes the importance of communication and creating work that is open to interpretation, as well as how he reconstructs memory and meaning through collage using found materials such as newspapers. He also speaks candidly about the challenges he has faced since emigrating to the US, from cultural and physical homelessness to xenophobia, and he shares the core message he hopes viewers take away from his work: his story and how it relates to their own. To learn more about John Chang, how he makes and unmakes meaning, experience, and history, and his attempts to communicate the newfound perceptions he gains through his creative process, tune in today!   Key Points From This Episode: An introduction to John Chang and his practice, including his commercial career. Why John believes that it is important for artists to embrace digital tools like Photoshop. Why formally trained or “traditional” artists are sometimes resistant to digital mediums. The learning curve that comes with embracing digital tools and committing to the craft. How much time John spends creating work on his computer versus in his studio. Find out how his practice has been affected by the COVID-19 pandemic. Hear about the work John created to address racially motivated violence in the US. John emphasizes the power of art for communication, expression, and understanding. The value of allowing viewers to create their own interpretations of your work. John shares his process of constructing and reconstructing meaning through collage. Learn about John's background, how he discovered art as a child, and the difficulty he encountered when he emigrated to the US. What he means when he describes himself as “culturally homeless” or a “spiritual escapist.” How learning and memorizing Chinese characters has informed his work. John shares his experience of returning to China as a contemporary artist and the recent explosion of contemporary art galleries there. Sourdough and John discuss the current political situation in Hong Kong. Hear how John's creative output has been impacted by the pandemic. His experience of xenophobia in the US, both during and after Trump's time in office. One core message John hopes viewers take from his current body of work: his story. Learn more about his artistic process and how his artworks reveal themselves to him. How technology both positively and negatively impacts human connection. For more information, visit: https://notrealart.com/john-chang

Today's guest on the Not Real Art Podcast is John Chang, one of our six 2021 Not Real Art Grant winners. John is a Chinese-American multidisciplinary artist from Shanghai who considers himself a spiritual escapist. His work is rich and deep, layering language and image to construct and reconstruct meaning, memory, and intention. In this episode, John shares his process of searching for new meanings in a new world, one where it has become increasingly important for artists to embrace digital mediums and utilize the power of art to facilitate empathy. In the wake of COVID-19 and waves of racially motivated violence against Black and Asian people of color in the US, John emphasizes the importance of communication and creating work that is open to interpretation, as well as how he reconstructs memory and meaning through collage using found materials such as newspapers. He also speaks candidly about the challenges he has faced since emigrating to the US, from cultural and physical homelessness to xenophobia, and he shares the core message he hopes viewers take away from his work: his story and how it relates to their own. To learn more about John Chang, how he makes and unmakes meaning, experience, and history, and his attempts to communicate the newfound perceptions he gains through his creative process, tune in today!   Key Points From This Episode: An introduction to John Chang and his practice, including his commercial career. Why John believes that it is important for artists to embrace digital tools like Photoshop. Why formally trained or “traditional” artists are sometimes resistant to digital mediums. The learning curve that comes with embracing digital tools and committing to the craft. How much time John spends creating work on his computer versus in his studio. Find out how his practice has been affected by the COVID-19 pandemic. Hear about the work John created to address racially motivated violence in the US. John emphasizes the power of art for communication, expression, and understanding. The value of allowing viewers to create their own interpretations of your work. John shares his process of constructing and reconstructing meaning through collage. Learn about John's background, how he discovered art as a child, and the difficulty he encountered when he emigrated to the US. What he means when he describes himself as “culturally homeless” or a “spiritual escapist.” How learning and memorizing Chinese characters has informed his work. John shares his experience of returning to China as a contemporary artist and the recent explosion of contemporary art galleries there. Sourdough and John discuss the current political situation in Hong Kong. Hear how John's creative output has been impacted by the pandemic. His experience of xenophobia in the US, both during and after Trump's time in office. One core message John hopes viewers take from his current body of work: his story. Learn more about his artistic process and how his artworks reveal themselves to him. How technology both positively and negatively impacts human connection. For more information, visit: https://notrealart.com/john-chang

Live Hangout / Q&A discussing energy healing In the previous video i shared the Indonesian odyssey. The guys name is supposedly John Chang this is a must see documentary piece. Meet the master of energy, this is an amazing story about a man who has mastered the art of harnessing and using energy. It is called Chi and he can use it to heal or even to set objects on fire using his mind.

You aren't a normal real estate investor…  I know this because most “normal” real estate investors only focus on one asset class, one strategy…and most of the time…only one operator.  This isn't the case for most investors with Asym Capital, given our unique position in the space.  However, knowing that you want to invest in multiple different asset classes can lead to confusion regarding how you should be allocating your portfolio on a percentage basis during relatively unprecedented economic conditions.  Today, we are joined by John Chang, who is the Vice President of Research at Marcus & Millichap.  John and his team provide EXCELLENT bi-annual reports on the major real estate asset classes, which I really enjoy. So much so, that I asked him to come on our program to give us a summary of these various reports.  In this episode, we are going to discuss…  What asset classes are experiencing significant year-over-year rental growth, and which are declining?  Phoenix is one of the hottest, if not THE hottest market in the US. Is that going to continue, or will the market experience another boom-bust cycle?  What is the future of senior living, given the recent changes in the space due to Covid?  If you are interested in being diversified across multiple asset classes, make sure to tune in as we will get into the details of all of the major real estate asset classes, and our guest has plenty of data to back up his claims.  In fact, Marcus & Millichap spends more than $5,000,000 per year on data analytics and research.  Think there might be some noteworthy information on this podcast?  Interested in investing in ATMs? Check out our webinar.   Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital?  Check out our new FREE webinar -  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register.   CFC Podcast Facebook Group

Ryan Smith is a Principal of Elevation Capital Group which owns more than $500MM of self-storage and mobile home park assets across more than 30+ states. In a recent episode, you might have heard Ryan and Hunter’s debate with Neal Bawa and John Chang on the topic of “Will Interest Rates Rise In the Next 24 Months?” During this podcast, we’re going to dive a bit deeper on the topic and even disclose a few things we weren’t willing to during a debate setting. In this this episode, we’re going to discuss… Why inflation might be VERY good for the mobile home park and self-storage business Why both Ryan and I would STILL take the same position today (that interest rates will fall over the next 24 months) Why rents tends to increase during inflation, but don’t tend to decrease after inflationary periods Ryan’s website and their current Fund 8 offering: Click Here  His direct number: 407 602 7662 His email: Click Here Previous episodes with Ryan Smith: E16: Uncharted Territory CRE Lending Interest Rates and Political Incentives E53: Will Rising Interest Rates in New Development Kill the Self Storage Market E66: Creating and Nurturing Relationships with People of Influence E296 - Debate over the future of interest rates with Neal Bawa and John Chang: Previous episodes with Richard Duncan: E69: Macroeconomic Outlook From a Former IMF Consultant E290: Richard Duncan is Back, What Will the Tsunami of Liquidity Mean For Investors and the Economy? Interest in investing in ATMs? Check out our webinar.   Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital?  Check out our new FREE webinar -  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register.   CFC Podcast Facebook Group Interested in getting Mentored by Hunter Thompson? Click here to apply for our CFC Mentorship Program. Interested in joining the #1 mastermind for elite capital raisers? Click here to apply.  

No guest this week.  The first episode of GWAE was February 4, 2011.  So after 10 years we look back at some of our favorite moments, and dip into the mail bag.We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.podcastClick to listen - Alt click to downloadShow Notes[00:00] Introduction of the 10-year anniversary show and listener questions[00:55] GWEA history and evolution[02:46] Favorite episodes[08:40] Making money playing live poker[10:14] Benefits of Seven Stars[11:22] Abandoned cash or slot tickets on the ground[15:07] Taxes for a European playing in the U.S.[16:28] Pros and cons of team play[17:57] Dottie's[19:15] Moving from 9/6 Jacks to Bonus Poker Deluxe[21:07] Cash storage and deposits[25:19] The Video Poker Hall of Fame[26:44] Boyd tier credits on video poker[29:06] Calling surveillance on a missed blackjack signal[32:26] Blackjack tournament[33:28] Using software to analyze games[35:23] Blackjack the Discord[38:09] South Point Casino February Promotions - "Free Play with a Kicker," President's Day hot seat[39:27] Predictit.org/promo/edge - place small wagers on various political events, $20 deposit match for GWAE listeners[40:16] BlackjackApprenticeship.com - card counting training site and community[40:33] VideoPoker.com/gwae - Gold Membership offers correction on most games[42:12] Money Clip[43:21] Recommended - Super Con by James Swain, "100 Tips for a Better Life"Sponsored Links:SouthPointCasino.comPredictit.org/promo/edgeBlackjackApprenticeship.comVideoPoker.com/gwae Recommended:Super Con by James Swain https://amzn.to/2YnUA6s Lesswrong.com/posts/7hFeMWC6Y5eaSixbD/100-tips-for-a-better-lifeBooks Referenced:Lay the Favorite by Beth Raymer https://amzn.to/3pqFWraSmart Money by Michael Konik https://amzn.to/3iUxEoVCasino Tournament Strategy by Stanford Wong https://amzn.to/3a3mdHmSex, Lies, and Video Poker by Bob Dancer https://amzn.to/3iXKoLtEpisodes Referenced:Billy Baxtor - lasvegasadvisor.com/gambling-with-an-edge/gambling-with-edge-guest-poker-legend/Billy Baxter - lasvegasadvisor.com/gambling-with-an-edge/gambling-edge-guest-poker-legend-billy-baxter-2/Kelly Sun - lasvegasadvisor.com/gambling-with-an-edge/gambling-edge-guest-kelly-sun-queen-sorts/Tommy Highland and John Chang - lasvegasadvisor.com/gambling-with-an-edge/gambling-with-edge-guests-tommy-hyland/Stanford Wong - lasvegasadvisor.com/gambling-with-an-edge/gambling-with-edge-guest-stanford-wong-3/James Holtzhauer - lasvegasadvisor.com/gambling-with-an-edge/podcast-jeopardy-james-holzhauer/Ed Thorp - lasvegasadvisor.com/gambling-with-an-edge/gambling-edge-guest-ed-thorp/Bob Nersesian - many episodes available at gamblingwithanedge.comLinks Referenced:Sevenstarsinsider.comBlackjack Discord  https://blackjackplayer28.wixsite.com/blackjackthediscor-1Wizardofodds.com/games/video-poker/strategy/bonus-poker-deluxe/9-6/Blackjackinfo.comFacebook.com/GamblingWithAnEdge

Accurate and actionable information can be very difficult to find in today's environment. The ever increasing number of opinions that are available can make it challenging to navigate and find a trusted resource. Once found, it's important to allow these resources to weed out a lot of the noise, as well as your own personal biases, so you're left with accurate and reliable information.  Our guest for today is John Chang, who serves as the Senior Vice President and National Director of Research Services for Marcus & Millichap where he is responsible for the production of the firm's vast array of commercial real estate research publications, tools, and services. He regularly speaks at conferences, corporate events, webcasts, and client engagements where he shares his insights into major economic trends and how they will influence the performance of commercial real estate investments.  Today we are going to discuss... How the multi-family sector is being impacted by the unemployment numbers, as well as the moratoriums on evictions Whether or not the self-storage asset class will continue to prevail during these times What our guest anticipates investor appetites will be for senior living in the wake of Covid-19 Learn more about our guest: Marcusmillichap.com

Nick Fluellen, with Marcus & Millichap and Paul Peebles with Old Capital Lending, lead a discussion with some of the experts in apartment investing during these Covid-19 times. John Chang, national director of Research Services with Marcus & Millichap discussed the big picture with the economy and multifamily investing. John Sebree, heads up the National Multifamily Sales Group for Marcus & Millichap. He overseas hundreds of apartment brokers with Marcus & Millichap. He discussed; Is it a ‘buyers or a sellers’ market? Michael Becker, with SPI Advisory, who has purchased over 10,000 apartment units, spoke about today’s challenges with asset management and rental collections during Covid-19. James Eng, with Old Capital Lending, discussed how Fannie and Freddie have changed some of their underwriting guidelines and what you should know. 1400 investors registered for this conference call to listen to these thought leaders. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast. Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.

Message from John Chang on January 5, 2020

Message from John Chang on November 17, 2019

5 of NZ's top entrepreneurs were recently awarded EY Entrepreneur of the Year awards. Vista Group co-founder and chief product officer Murray Holdaway won the Master category. I had the pleasure of interviewing Murray on his journey leading the world's leading software company serving the film industry. 40% of the world's cinemas choose Vista. We covered a lot of ground - scaling internationally from 5 staff to 800 staff, from $10million to $100million to a market capitalization hitting $1b, the IPO process, whether leaders can be made, people strategy, keeping a global team connected, pace of change, cutting your teeth in Argentina. Murray capped off the podcast relating his experience to top export tips shared by Dr John Chang – founder of Auckland Biosciences, Michele Lam – Export Market Manager, Villa Maria Estate, Derek Bartosh – Director, Canary Enterprises, Jon Clausen – Regional Manager Asia, Fisher & Paykel Healthcare and Mike Riley – Managing Director, Cress Limited. Support the show (http://www.exportexcelerator.co.nz/podcast-series/)

Message from John Chang on September 22, 2019

On the podcast this week we take part in a captivating interview to probe into the mind-set of leading entrepreneur Dr. John Chang, Founder and Managing Director of Auckland Biosciences. John founded Auckland Biosciences in 2014 to convert what was a commonly discarded by-product of the meat industry, bovine blood, into a high value pharmaceutical grade serum. The business now manufactures serum and plasma from a variety of different animal blood and sells it to veterinary vaccine manufacturers and research institutions. Over the last five years, the start-up has gone from being an industry nobody to an industry leader with customers in 14 export markets. Tune in to Catherine Lye’s insightful conversation with Dr. Chang.Support the show (http://www.exportexcelerator.co.nz/podcast-series/)

Kostas Danaos is a writer and martial artist with a background in engineering. After watching the documentary Ring of Fire, he sought out nei kung master John Chang and became one of his rare students. Kostas has since written The Magus of Java: Teachings of an Authentic Taoist Immortal and Nei Kung: The Secret Teachings of the Warrior Sages, in which he details his master's abilities, and also the ch'i-based mechanisms behind them.

Message from John Chang on April 28, 2019

Today I am joined by a familiar voice of The Brian Nichols Show, John Chang from Otters Talking Politics! You likely recognize John's voice from the intro of The Brian Nichols Show, but John also hosts a phenomenal libertarian podcast called Otters Talking Politics. I had the pleasure of joining John on his show back in the summer, and it was my pleasure to have John join The Brian Nichols Show to discuss some stuff he has been working on behind the scenes. Listen as John and I discuss his path to libertarianism (surprisingly, John started on the political left!), his fantastic article entitled "The Fourth Branch of Government", and then as we conclude by discussing my viral article from the beginning of the month over at The Libertarian Republic; "Stop Making Fun of Alexandria Ocasio-Cortez!". And yes, to the last topic... it helps if you read past the headline! Find John Online: http://otterstalkingpolitics.com/ Find John on Twitter: https://twitter.com/PoliticalOtters Find John on Facebook: https://www.facebook.com/PoliticalOtters If you're looking for some light reading, check out my article at The Libertarian Republic: https://thelibertarianrepublic.com/stop-making-fun-of-alexandria-ocasio-cortez/ Support The Brian Nichols Show Learn more about your ad choices. Visit megaphone.fm/adchoices

Message from John Chang on December 2, 2018

Episode 64 John Chang of Otters Talking Politics drops in to talk about politics, economics, audio design, and share some college stories. Otters Talking Politics is libertarian podcast that can be found here http://otterstalkingpolitics.com/ You can also find them hereItunes https://tinyurl.com/y8jv2ahs Google Play https://tinyurl.com/ycoaj783 Stitcher https://tinyurl.com/y7sud2t6 Get Connected to Otters Talking PoliticsTwitter https://twitter.com/PoliticalOtters Facebook https://www.facebook.com/PoliticalOtters/?ref=bookmarks YouTube https://www.youtube.com/channel/UCUKtW59Lptqo-9FWhMZ7YKQ My Links Instagram https://www.instagram.com/wholesomehoodlum/ Twitter https://twitter.com/HoodWholesome Twitch https://go.twitch.tv/wholesomehoodlum [WHP] Available On Itunes https://tinyurl.com/yaq5576c Google Play https://tinyurl.com/ydxtwdbl Stitcher https://tinyurl.com/y738qu3m  

Message from John Chang on August 12, 2018

When was the last time you told a story? Can you spin a good yarn? I'm not talking about a bedtime story or a clever anecdote, but an honest to goodness true story about yourself, about your business. The reason I bring this up is because my guest on this edition on Deal Talk believes it's important for you to communicate your story, particularly when you're positioning your business for sale, whether that's ten months from now, ten years from now, or further down the line. His name is John Chang and he's CEO or a Chief Pilot as he calls himself at Bush Pilot Marketing in Los Angeles.

More medical device collect and store patient information and other data than ever before. In turn, these devices are connected to network systems. How can healthcare facilities turn this growing pile of data into something of value? What can healthcare technology professionals do to help their facilities use that data to make sound decisions? Three experts—Andrew Currie, director of clinical engineering at Johns Hopkins Hospital and Howard County General Hospital; John Chang, a clinical engineer at Johns Hopkins and Oracle database programmer; and Carolyn McGregor, the Canada Research Chair in Health Informatics at the University of Ontario Institute of Technology—discuss the promise and potential pitfalls of big data in healthcare. Produced By: AAMI and Healthcare Tech Talk