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26 episodes with Mazda3
26 episodes with Mazda3
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7 episodes with Mazda3
5 episodes with Mazda3
6 episodes with Mazda3
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3 episodes with Mazda3
3 episodes with Mazda3
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5 episodes with Mazda3
Ford has introduced the Mustang GTD Spirit of America, a tribute to the iconic American car that has been part of American culture since 1965. This week, we have an exclusive interview with an expert on the car. We caught up with Brandon Turkus, Ford's Enthusiast Vehicles Communications Manager, at the Chicago Auto Show for the inside scoop on the vehicle Ford calls the fastest production Mustang ever built. The model honors the American spirit of ingenuity and perseverance, as well as the 60 years of Mustang achievement. The Mustang GTD Spirit of America features exposed carbon fiber aerodynamic elements and unique exterior trims. The all-new 2025 Mustang GTD sets a new performance bar with 815 horsepower, 664 pound-feet of torque, and a top speed of 202 miles per hour. And that's only the beginning of the story. We'll have much more in this episode. In the news this week, a reliable report says Chevrolet plans to drop one of its conventionally powered SUVs from the U.S. market after this model year while emphasizing the battery-electric version. We'll tell you which one and the surprising place where the gas model will continue to be sold. Elon Musk has announced that Tesla will launch its robotaxi service much earlier than expected, and we'll have details on that. A new electric vehicle charging network has just gone into business, just as automakers call for the resumption of work on the federally sponsored EV charging infrastructure, which has built a paltry number of charging stations so far. You might be sick of tariff talk, but the Administration has announced tariffs on steel and aluminum that could have an impact on what you pay for your next car. We'll have our thoughts. On the road test front, Host Jack Nerad will put the 2025 Mazda3 through its paces. His test car was equipped with an increasingly rare piece of kit — a six-speed manual transmission, and Nerad will tell how he liked the car on a 500-mile round trip to the Central California coast. Meanwhile, on the other coast, Co-Host Chris Teague road-tested the all-new version of the Nissan Kicks small crossover SUV, and he'll have his report. Listener Question of the Week "I'm looking to buy a used car. What signs indicate that it's in good mechanical shape?" Izzy, Tyler, Texas Special Offer Extended One More Week Jack is now offering his suspense novel, Dance in the Dark, for just $.99, a $9.00 saving from its original published price of $9.99. Click here to buy from Amazon at this special limited-time price. Matt DeLorenzo's Book Pick up a copy of co-host Matt DeLorenzo's terrific new book How to Buy an Affordable Electric Car: A Tightwad's Guide to EV Ownership. Brought to you by: • DrivingToday.com • Mercury Insurance: Find out how much you can save at DrivingToday.com/auto-insurance. • EMLandsea.com, publisher of Dance in the Dark. We have a lot of shows for you this week. Thanks for joining us, and don't forget to look for new content on our YouTube and Rumble channels. Please subscribe. If you do, we'll like you forever. America on the Road is brought to you by Driving Today.com, Mercury Insurance, and EMLandsea.com , the publisher of Nerad's latest book, Dance in the Dark, which is available HERE on Amazon.com Keywords automotive news, electric vehicles, Tesla, Chevrolet, Nissan Kicks, Mazda 3, Mustang GTD, EV charging, tariffs, car reviews Summary In this episode of America on the Road, hosts Jack Nerad and Chris Teague discuss the latest developments in the automotive industry, including Chevrolet's decision to discontinue a gasoline-powered SUV, Tesla's upcoming RoboTaxi service, and the launch of a new EV charging network. They also delve into the implications of recent tariffs on steel and aluminum, review the 2025 Nissan Kicks and Mazda 3, and interview Brandon Tarkus about the Mustang GTD supercar. The episode concludes with listener questions about buying used ca...
The Mazda 3 remains a popular hatch and sedan range despite the fact that SUV’s today dominate the car market and now represent 60 per cent of total sales. The Mazda 3 remains our No 2 selling small car behind the Toyota Corolla, managing to increase sales last year by 16 per cent in a tough market. Recently upgraded the Mazda 3 comes in a range of 8 hatchback and sedan variants – I drove the top spec G25 Astina hatchback at $43,190, a 2.5-litre naturally aspirated four-cylinder with six speed automatic. The hatchback body a distinct wedge shape with Mazda’s signature grille – best as a two-seater with the rear seat cramped at best for adults and here the sedan would be the better option. What immediately impresses with this top spec Mazda 3 is the interior – a standout in materials and quality leather in a design that’s well laid out with large instrument binnacle and centre screen and central rotary dial, everything is just so intuitive and easy to use. A great 360-degree camera and a head-up instrument display with everything in your line of sight. As the top line model, the G25 Astina is the Mazda 3 burger with the works – Warranty five-years, unlimited kms. Drive details next. I’m David BerthonSee omnystudio.com/listener for privacy information.
Driving the Mazda 3 hatchback today, the G25 Astina with 2.5-litre naturallyaspirated four-cylinder engine driving the front wheels through a six-speedautomatic. As the top spec model in the 8-model hatch and sedan range notinexpensive at $43,190. For that money its very highly equipped with safetycomfort and convenience features, the leather clad interior classy and giving it avery much upmarket feel behind the wheel. The larger 2.5-litre engine giving itextra punch while its suspension and steering err on the sporty side giving it thefeel of a hot hatch. Recent additions have enhanced its appeal like the addition ofMazda connected services which link with the MyMazda app which give thedriveR remote access to such things as vehicle health and status reports andstolen vehicle tracking assistance. The interior is a knockout on this high-grademodel. Beautifully executed with great fit and finishes, nice leather trim andexcellent ergonomics that makes driving a pleasure. Economy, I couldn’t matchthe quoted 6.6L/100 and managed 8.7L/100 but on the plus side it does onlyrequire 91 octane regular unleaded. Whilst somewhat expensive the top specMazda 3 G25 Astina punches very much above its weight and feels in a classabove. I’m David BerthonSee omnystudio.com/listener for privacy information.
Mazda has made its name creating cars that enthusiast drivers love, and we have two examples of that this week in our road test segment — the Mazda MX-5 Miata and the Mazda3. Of course, the Miata needs no introduction. For decades, it has been a go-to renowned for its sharp handling and perky, fun-to-drive demeanor. But is it the right choice for Maine on the edge of winter? Co-host Chris Teague will have his thoughts on that. Across the country in more pleasant climes, Host Jack Nerad got a weeklong stint in the Mazda3 2.5T Premium Plus AWD, the highest-end version of Mazda's highly praised compact sedan. He discovered that the Mazda3 continues to combine performance, luxury, and advanced technology in a surprisingly affordable package. Featuring a 2.5-liter SKYACTIV-G turbocharged engine, it delivers 250 horsepower and puts that power to good use via its all-wheel drive and G-Vectoring Control Plus. Its sleek exterior boasts 18-inch black alloy wheels and LED lighting, while inside, black leather-trimmed seats, heated front and rear seats, and a dual-zone climate control system provide a premium-brand experience. Then there's the infotainment system. The Mazda3 has a 10.25-inch display, Apple CarPlay, Android Auto, navigation, and a 12-speaker Bose audio system, but does its idiosyncratic control scheme spoil what is otherwise a stellar potential purchase? Jack and Chris will give their thoughts. In the news this week, those seeking a battery-electric pickup will find Tesla's Cybertruck is making waves with its new lease pricing. We'll have details on if the deal is as good as it first seems. Jaguar continues on its controversial way, unveiling the jaw-dropping Type 00 concept. It blends futuristic design with electric luxury to deliver something both new and remarkably retro. Chris and Jack have their reactions to a vehicle that some describe as shocking. Also in the news, Hyundai has just introduced its first three-row electric SUV, the Ioniq 9, showcasing versatility, tech innovation, and sustainability. With Nerad in attendance, Volkswagen pulled the wraps off the newest iteration of its Tiguan compact SUV, Genesis unmasked its 2025 GV70 crossover, and Ford has announced its Ford Mustang GTD supercar will be the subject of a short film available this coming week. Our special guest this week is Steve Center, Kia America chief operating officer. Host Jack Nerad sits down with him for a wide-ranging discussion on the future of EVs in America, the upcoming regulatory climate, and,of course, Kia's newest vehicles, two of which were unveiled at the Los Angeles Autio Show. In this week's Listener Question, Tony from Fresno asks if buying a used hybrid is a smart move amid rising gas prices. Jack and Chris dive into the pros and cons. FREE STUFF: America on the Road is giving listeners a free copy of Jack R. Nerad's book The GR Factor: Unleashing the Undeniable Power of the Golden Rule. Just send an email to editor@drivingtoday.com, and E.M. Landsea Publishers will do the rest. The offer is limited, so get your request in today. So we have a lot of show for you this week. Thanks for joining us, and don't forget to look for new content on our YouTube and Rumble channels. Please subscribe. If you do we'll like you forever. America on the Road is brought to you by Driving Today.com, Mercury Insurance, and EMLandsea.com , the publisher of Nerad's latest book, Dance in the Dark, which is available HERE on Amazon.com Show Notes for America on the Road Episode Highlights: • Road Tests: ◦ 2024 Mazda3 Turbo Premium Plus AWD: A compact car with luxury aspirations and sporty performance. ◦ 2025 Mazda Miata: A sneak peek at the roadster icon's future. • Driving News: ◦ Tesla Cybertruck's updated lease terms—affordable or not? ◦ Jaguar Type 00 concept stuns at Miami Art Week. ◦ Ford's Mustang GTD chases Nürburgring glory in Road to the Ring. ◦ Volkswagen, Genesis,
11月16日、マツダはENEOSスーパー耐久シリーズ2024 Empowered by BRIDGESTONE第7戦『S耐ファイナル富士』の会場内で、MAZDA SPIRIT RACING MAZDA3 Bio conceptに導入された新たな外装のアップデートについて説明した。スバル航空宇宙カンパニーの再生炭素繊維を使用したボンネットに加え、フロントのスプリッター、バンパー、リヤウイングなど新たな空力パーツを投入。2023年最終戦から合計で33kgの軽量化を果たし、空力も向上。ラップタイムでは第2戦富士から2秒速い、1分51秒台を狙う。 投稿 マツダ×スバルのボンネットはじめ性能アップ。MAZDA3 Bio conceptが富士で1分51秒台目指す は autosport web に最初に表示されました。
11月16〜17日、静岡県の富士スピードウェイでENEOSスーパー耐久シリーズ2024 Empowered by BRIDGESTONE第7戦『S耐ファイナル富士』が開催される。各クラスのタイトル争いも注目だが、スーパー耐久未来機構（STMO）が認めた車両が参加できるST-Qクラスも、各車が今季の締めくくりに向け、アップデートを施してきた。そのうち、MAZDA SPIRIT RACING MAZDA3 Bio conceptはスバル航空宇宙カンパニーの再生炭素繊維を使用したボンネットをはじめ、空力をアップデートさせて臨んでいる。 投稿 スバルとの“共挑”で迫力アップのMAZDA SPIRIT RACING MAZDA3 Bio conceptが登場 は autosport web に最初に表示されました。
En este episodio platicamos de la mano de obra mexicana enfatizando la planta de Salamanca de Mazda y los modelos que se producen en este lugar para el mundo, como el Mazda 2, Mazda 3, CX-3 y CX-30, la importancia de esta planta para la marca a nivelo internacional y cumpliendo 10 años de producción desde su inicio de operaciones. Año 2011: Se coloca la primera piedra el 11 de octubre.Año 2014: inició la producción de Mazda2 y Mazda3 sedán.El primer vehículo producido en México fue un Mazda3.Año 2019: Arranca la producción de CX-30Año 2020: Alcanzamos el hito de un millón de unidades producidas.Año 2022: inicia la producción de Mazda3 sedán y Mazda CX-30 ambas con tecnología mild-hybrid.Febrero 2022: Se anuncia la inclusión de Mazda CX-3 a nuestra línea de producción.Julio 2023: Conseguimos la producción acumulada de un millón y medio de unidades.No ter puedes perder este episodio donde platicamos de otras marcas que se producen en México, para que conozcas más acerca de este tema y que autos se producen en México para el mundo.
In this Chrysler Hemi episode 354, Mental survives without A/C, Chrissy doesn't wear loose clothing around machines, and Chris spills out his brain. Really, we talk all about the Mazda3, how we built ours, all of the upgrade paths, and how to make one work on track. So the next time someone asks “What car Should we Build for racing?” You will have an answer. And a really good one. Toddlers Ejected from Jeep! Miraculously, They're Fine! (Andy Kalmowitz at Jalopnik https://jalopnik.com/toddlers-ejected-onto-highway-after-jeep-flips-over-bo-1851621238 Waymos Keep Waking Up The Neighbors! (Nico DeMattia The Drive) https://www.thedrive.com/news/waymo-robotaxis-keep-waking-up-neighbors-with-4-am-honking-spree 2003 Nissan 350Z with a crapton of spares on Racing Junk https://www.racingjunk.com/super-touring/184476917/2003-nissan-350z-wrl-gp1-nasa-st4-.html?category_id=1082&np_offset=46#1 So You Wanna Swap a 2.5 Duratec I4 into your… (Massive Speed Forums) https://massivespeedforums.com/so-you-want-to-swap-a-2-5-duratec-i4-in-eh-2-5-rec-t17130144.html#google_vignette Ball and Socket Style Muffler Flange https://www.amazon.com/Flowmaster-15923-Header-Collector-Flange/dp/B0002Z9NAG Go Race Pitt with Lucky Dog!! https://www.racelucky.com/2024-schedule/ Join our F1 Fantasy League https://fantasygp.com/ - sign up here, the join the E1R league with code “74259541” Our Website - https://everyoneracers.com/ Download or stream here - https://open.spotify.com/show/5NsFZDTcaFlu4IhjbG6fV9 https://www.youtube.com/channel/UCPrTs8wdzydOqbpWZ_y-xEA - Our YouTube
In this Chrysler Hemi episode 354, Mental survives without A/C, Chrissy doesn't wear loose clothing around machines, and Chris spills out his brain. Really, we talk all about the Mazda3, how we built ours, all of the upgrade paths, and how to make one work on track. So the next time someone asks “What car Should we Build for racing?” You will have an answer. And a really good one. Toddlers Ejected from Jeep! Miraculously, They're Fine! (Andy Kalmowitz at Jalopnik https://jalopnik.com/toddlers-ejected-onto-highway-after-jeep-flips-over-bo-1851621238 Waymos Keep Waking Up The Neighbors! (Nico DeMattia The Drive) https://www.thedrive.com/news/waymo-robotaxis-keep-waking-up-neighbors-with-4-am-honking-spree 2003 Nissan 350Z with a crapton of spares on Racing Junk https://www.racingjunk.com/super-touring/184476917/2003-nissan-350z-wrl-gp1-nasa-st4-.html?category_id=1082&np_offset=46#1 So You Wanna Swap a 2.5 Duratec I4 into your… (Massive Speed Forums) https://massivespeedforums.com/so-you-want-to-swap-a-2-5-duratec-i4-in-eh-2-5-rec-t17130144.html#google_vignette Ball and Socket Style Muffler Flange https://www.amazon.com/Flowmaster-15923-Header-Collector-Flange/dp/B0002Z9NAG Go Race Pitt with Lucky Dog!! https://www.racelucky.com/2024-schedule/ Join our F1 Fantasy League https://fantasygp.com/ - sign up here, the join the E1R league with code “74259541” Our Website - https://everyoneracers.com/ Download or stream here - https://open.spotify.com/show/5NsFZDTcaFlu4IhjbG6fV9 https://www.youtube.com/channel/UCPrTs8wdzydOqbpWZ_y-xEA - Our YouTube
Mazda launched its CX-30 during a tumultuous time in the automotive industry. Mazda's CX-30 crossover launched at the end of 2019 and helped Mazda compete with the growing demand for compact crossovers. Borrowing a powertrain and driveline from its Mazda3 means that this CX-30 packs a 2.5-liter I4 under the hood. Adding more oomph to the mix, Mazda also slapped a turbocharger on this 2.5-liter on the aptly named Turbo models. This turbocharged compact crossover sends 250 hp and 320 lb-ft of torque through a six-speed automatic and into an all-wheel-drive system. On this episode of Quick Spin, your host Wesley Wren hops behind the wheel of the 2024 Mazda CX-30 turbo and puts it through its paces. Wren takes you on a guided tour of the CX-30 highlights its features and explains how it feels in person. Wren also takes you along for a live drive review. Adding to these segments, Wren chats with Autoweek's Patrick Carone about the Mazda CX-30's launch, the state of hatchbacks in the marketplace, and more. Closing the show, the pair breaks down what makes the CX-30 special.
In this episode we talk with US News and World Report automotive tester Zack Doell about his road test of the RR Spectre EV, review the Mazda 3 and talk with Ford's Historian Ted Ryan about the 100-year anniversary of the Chicago Ford Plant
In this episode we talk with US News and World Report automotive tester Zack Doell about his road test of the RR Spectre EV, review the Mazda 3 and talk with Ford's Historian Ted Ryan about the 100-year anniversary of the Chicago Ford Plant
On this episode of Talking Cars with the Boss, Wesley Wren, and Natalie Neff talk about their experiences with a pair of dissimilar Mazdas. They compare and contrast the benefits of the MX-5 and its more utilitarian Mazda3. The pair also discuss which one they'd park in their driveway.
BYD (Build Your Dreams), a Chinese firm, has secretly unveiled South Africa's cheapest electric automobile. The new BYD Dolphin is a mid-sized electric hatchback comparable to the Toyota Corolla and Mazda3. Dolphin offers two versions, with pricing starting at R539,900 for the base model and R599,900 for the extended range. The latest news that will surprise readers and the South African media establishment is discussed by host Bruce Whitfield and William Bird of Media Monitoring Africa. Media24 plans to liquidate a number of its prominent print magazines, including City Press, Rapport, Beeld, and Daily Sun. It is acknowledged that October is when the axe might fall. The decision to close them has been independently verified by four individuals within the media company. Should businesses give their employees digital gadgets, such as watches or rings, to track their health? It's a major violation of privacy, but on the other side, it might be helpful as a gauge of mental and physical health. What would happen if one chose to opt out? Dave Kitely joins host Bruce Whitfield to discuss if and how this would work. Chief Excitement Officer Allon Raiz speaks to host Bruce Whitfield about small businesses and the Flowcode strategy, which is a system designed to assist companies in developing a plan that is bespoke to them. Which debuted roughly a month ago. See omnystudio.com/listener for privacy information.
BYD (Build Your Dreams), a Chinese firm, has secretly unveiled South Africa's cheapest electric automobile. The new BYD Dolphin is a mid-sized electric hatchback comparable to the Toyota Corolla and Mazda3. Dolphin offers two versions, with pricing starting at R539,900 for the base model and R599,900 for the extended range.See omnystudio.com/listener for privacy information.
Mazda3 GT turbo awd 2024 : La compacte qui surpasse la concurrence ? - Essai Complet TORQ PODCAST - Épisode 205 Jul et Eve parlent de leurs essai routier de la Mazda3 GT turbo awd 2024 YOUTUBE Membres VIP : https://www.youtube.com/channel/UCbha0iHrKImRyDXbDNO-EJw/join Spotify Membres VIP : https://podcasters.spotify.com/pod/show/torqpodcast/subscribe Torq Media Site Web : https://torqmedia.ca Suivez-Nous sur Instagram : @JulTorq : https://www.instagram.com/jultorq/ @EveTorq : https://www.instagram.com/evetorq/ #Mazda3 #mazda3sedan #Mazda
More info on the 10 Top Picks of 2024 here: https://www.consumerreports.org/cars/best-cars-of-the-year-10-top-picks-of-2024-a4675085257/?EXTKEY=YSOCIAL_YT Consumer Reports annual Top Picks list is out. In this episode we clarify what the Top Picks is and how vehicles get awarded this highly regarded designation. Our experts discuss the 10 cars that made it to the top of the list, trends we're noticing in the automotive industry, and explain what a Brand Report Card is. We also debate which would be the ultimate food delivery vehicle, the Toyota Prius or the Corolla Hybrid. Ratings and test results on every car CR purchases and tests: https://www.consumerreports.org/cars/?EXTKEY=YSOCIAL_YT SHOW NOTES ----------------------------------- 00:00 - Introduction 00:17 - What is the Top Picks List 01:29 - Auto Market Shift 03:52 - Car Categories in Top Picks 05:13 - Question #1: When looking at CR's reliability rating, why are hybrids are among the most reliable vehicles, but plug-in hybrids are among the least? 11:10 - 10 Top Picks of 2024 11:34 - EVs 12:48 - Plug-in Hybrids 16:07 - Hybrids 18:48 - Gas Powered Vehicles 22:54 - Brand Report Card 25:46 - Question #2: Which car is the ultimate food delivery vehicle: the Toyota Corolla Hybrid or the Prius AWD? ---------------------------------- Best Cars of the Year: 10 Top Picks of 2024 https://www.consumerreports.org/cars/best-cars-of-the-year-10-top-picks-of-2024-a4675085257/?EXTKEY=YSOCIAL_YT Which Car Brands Make the Best Vehicles https://www.consumerreports.org/cars/cars-driving/which-car-brands-make-the-best-vehicles-a6159221985/?EXTKEY=YSOCIAL_YT Hybrids/EV Buying Guide https://www.consumerreports.org/cars/hybrids-evs/buying-guide/?EXTKEY=YSOCIAL_YT Mazda3 https://www.consumerreports.org/cars/mazda/3/2024/overview/?EXTKEY=YSOCIAL_YT Subaru Crosstrek https://www.consumerreports.org/cars/subaru/crosstrek/2024/overview/?EXTKEY=YSOCIAL_YT Subaru Forester https://www.consumerreports.org/cars/subaru/forester/2024/overview/?EXTKEY=YSOCIAL_YT Toyota Camry Hybrid https://www.consumerreports.org/cars/toyota/camry-hybrid/2024/overview/?EXTKEY=YSOCIAL_YT Toyota Prius/Prius Prime https://www.consumerreports.org/cars/toyota/prius/2024/overview/?EXTKEY=YSOCIAL_YT Ford Maverick/Maverick Hybrid https://www.consumerreports.org/cars/ford/maverick/2024/overview/?EXTKEY=YSOCIAL_YT Toyota RAV4 Prime https://www.consumerreports.org/cars/toyota/rav4-prime/2024/overview/?EXTKEY=YSOCIAL_YT Toyota Highlander Hybrid https://www.consumerreports.org/cars/toyota/highlander-hybrid/2024/overview/?EXTKEY=YSOCIAL_YT BMW X5/X5 PHEV https://www.consumerreports.org/cars/bmw/x5/2024/overview/?EXTKEY=YSOCIAL_YT Tesla Model Y https://www.consumerreports.org/cars/tesla/model-y/2024/overview/?EXTKEY=YSOCIAL_YT ----------------------------------- Subscribe to Talking Cars on Apple Podcasts! Video version: https://itunes.apple.com/us/podcast/talking-cars-hq/id630839767?mt=2 Audio version: https://itunes.apple.com/us/podcast/talking-cars-mp3/id630831189?mt=2 Have a question for our experts? Leave a comment on this episode, or reach out to us directly! From your iOS device, iMessage us at TalkingCars@icloud.com to send a photo, video, or text directly to the Talking Cars team! We love to feature our viewers on the show, so submit video questions at https://www.consumerreports.org/cars-talking-cars/ Subscribe to Talking Cars on Spotify: https://open.spotify.com/show/4Jr8wJRJyN9v8T6LC1fQQ6 ----------------------------------- To find out how products scored in CR's rigorous lab tests—and to access our comprehensive ratings for items you use every day—become a member. CR is a mission-driven, independent, nonprofit organization. Join now at https://CR.org/joinviaYT
More info on the 10 Top Picks of 2024 here: https://www.consumerreports.org/cars/best-cars-of-the-year-10-top-picks-of-2024-a4675085257/?EXTKEY=YSOCIAL_YT Consumer Reports annual Top Picks list is out. In this episode we clarify what the Top Picks is and how vehicles get awarded this highly regarded designation. Our experts discuss the 10 cars that made it to the top of the list, trends we're noticing in the automotive industry, and explain what a Brand Report Card is. We also debate which would be the ultimate food delivery vehicle, the Toyota Prius or the Corolla Hybrid. Ratings and test results on every car CR purchases and tests: https://www.consumerreports.org/cars/?EXTKEY=YSOCIAL_YT SHOW NOTES ----------------------------------- 00:00 - Introduction 00:17 - What is the Top Picks List 01:29 - Auto Market Shift 03:52 - Car Categories in Top Picks 05:13 - Question #1: When looking at CR's reliability rating, why are hybrids are among the most reliable vehicles, but plug-in hybrids are among the least? 11:10 - 10 Top Picks of 2024 11:34 - EVs 12:48 - Plug-in Hybrids 16:07 - Hybrids 18:48 - Gas Powered Vehicles 22:54 - Brand Report Card 25:46 - Question #2: Which car is the ultimate food delivery vehicle: the Toyota Corolla Hybrid or the Prius AWD? ---------------------------------- Best Cars of the Year: 10 Top Picks of 2024 https://www.consumerreports.org/cars/best-cars-of-the-year-10-top-picks-of-2024-a4675085257/?EXTKEY=YSOCIAL_YT Which Car Brands Make the Best Vehicles https://www.consumerreports.org/cars/cars-driving/which-car-brands-make-the-best-vehicles-a6159221985/?EXTKEY=YSOCIAL_YT Hybrids/EV Buying Guide https://www.consumerreports.org/cars/hybrids-evs/buying-guide/?EXTKEY=YSOCIAL_YT Mazda3 https://www.consumerreports.org/cars/mazda/3/2024/overview/?EXTKEY=YSOCIAL_YT Subaru Crosstrek https://www.consumerreports.org/cars/subaru/crosstrek/2024/overview/?EXTKEY=YSOCIAL_YT Subaru Forester https://www.consumerreports.org/cars/subaru/forester/2024/overview/?EXTKEY=YSOCIAL_YT Toyota Camry Hybrid https://www.consumerreports.org/cars/toyota/camry-hybrid/2024/overview/?EXTKEY=YSOCIAL_YT Toyota Prius/Prius Prime https://www.consumerreports.org/cars/toyota/prius/2024/overview/?EXTKEY=YSOCIAL_YT Ford Maverick/Maverick Hybrid https://www.consumerreports.org/cars/ford/maverick/2024/overview/?EXTKEY=YSOCIAL_YT Toyota RAV4 Prime https://www.consumerreports.org/cars/toyota/rav4-prime/2024/overview/?EXTKEY=YSOCIAL_YT Toyota Highlander Hybrid https://www.consumerreports.org/cars/toyota/highlander-hybrid/2024/overview/?EXTKEY=YSOCIAL_YT BMW X5/X5 PHEV https://www.consumerreports.org/cars/bmw/x5/2024/overview/?EXTKEY=YSOCIAL_YT Tesla Model Y https://www.consumerreports.org/cars/tesla/model-y/2024/overview/?EXTKEY=YSOCIAL_YT ----------------------------------- Subscribe to Talking Cars on Apple Podcasts! Video version: https://itunes.apple.com/us/podcast/talking-cars-hq/id630839767?mt=2 Audio version: https://itunes.apple.com/us/podcast/talking-cars-mp3/id630831189?mt=2 Have a question for our experts? Leave a comment on this episode, or reach out to us directly! From your iOS device, iMessage us at TalkingCars@icloud.com to send a photo, video, or text directly to the Talking Cars team! We love to feature our viewers on the show, so submit video questions at https://www.consumerreports.org/cars-talking-cars/ Subscribe to Talking Cars on Spotify: https://open.spotify.com/show/4Jr8wJRJyN9v8T6LC1fQQ6 ----------------------------------- To find out how products scored in CR's rigorous lab tests—and to access our comprehensive ratings for items you use every day—become a member. CR is a mission-driven, independent, nonprofit organization. Join now at https://CR.org/joinviaYT
Pull up to the starting line with us as we chat with Angelle Sampey, the dynamo of the drag strip who's sending shockwaves through the racing world. This week's episode captures her passion and tenacity, zooming from her homespun Louisiana beginnings to the adrenaline-packed challenges of the upcoming 2024 NHRA racing season. With eyes set on the prize and her heart anchored in her roots, Angelle recounts the twist of fate that brought her and her neighbor-turned-sponsor Billy Lawson together, united by their love for speed and critters. She also shares the exhilarating leap from two wheels to four, inspired by the NHRA legend Antron Brown, and the fierce determination that drove her to pilot an A-Fuel Dragster.As the engines cool, we shift gears to the importance of family and the shared joy of racing. It's more than a pursuit of victory; it's about the bonds that form trackside and the traditions that fuel our spirits, like the savory delight of Louisiana's crawfish season. Angelle opens up about the thrill of potentially testing for Antron Brown Motorsports and the importance of readiness and funding in the racing world. Through her eyes, we glimpse the personal milestones, such as a child's first tooth, and understand how social media bridges the gap, bringing the experience to fans everywhere with the help of a talented family photographer.Before we cross the finish line, buckle up as we take a quick detour to share the latest from Motor Trend TV, dropping hints about the shows that have gearheads talking. Then, it's all about the drive as Don Armstrong shares his take on the 2024 Mazda3 – a car that may have tech quirks, but delivers on the promise of a sporty experience. We compare it to its rivals and muse on future design wishes. Remember, if you want to keep your finger on the pulse of automotive exhilaration, join us live every Saturday morning, or catch our podcast across all major platforms, where we fuel your passion for all things automotive with expert commentary you won't want to miss.Lupe Tortilla, sponsor Tailpipes & Tacos Lupe Tortilla in Katy, Texas, is host to the quarterly Saturday morning cruise-in!Sponsored by Gulf Coast Auto Shield Paint protection and more!Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.---- ----- Want more In Wheel Time Car Talk any time? In Wheel Time Car Talk is now available on iHeartRadio! Just go to iheartradio.com/InWheelTimeCarTalk where ever you are.----- -----Be sure to subscribe on your favorite podcast provider for the next episode of In Wheel Time Car Talk and check out our live broadcast every Saturday, 8a-11aCT simulcasting on iHeartRadio, YouTube, Facebook, Twitter, Twitch and InWheelTime.com.In Wheel Time Car Talk podcast can be heard on you mobile device from providers such as:Apple Podcasts, Pandora Podcast, Amazon Music Podcast, Spotify, Google Podcasts, iHeartRadio podcast, TuneIn + Alexa, Podcast Addict, Castro, Castbox and more on your mobile device.Follow InWheelTime.com for the latest updates!Twitter: https://twitter.com/InWheelTimeInstagram: https://www.instagram.com/inwheeltime/https://www.iheart.com/live/in-wheel-time-car-talk-9327/https://www.youtube.com/inwheeltimehttps://www.Facebook.com/InWheelTimeFor more information about In Wheel Time Car Talk, email us at info@inwheeltime.comTags: In Wheel Time, automotive car talk show, car talk, Live car talk show, In Wheel Time Car Talk
For the 2024 model year, Mercedes-AMG is upgrading the performance-oriented GLS 63 three-row SUV by adding to its generous list of standard equipment. If you think a performance-oriented three-row SUV is sort of a silly idea, well, you probably haven't driven a GLS 63. But co-host Chris Teague has, and he reports on all the details of his weeklong stint in the flagship of the AMG SUV family. The 2024 GLS 63 gets new appearance items inside and out — a new rear light signature and a Nappa leather-cover instrument panel among the new features. It also has been endowed with a newly standard panoramic sliding sunroof, heated and ventilated front seats, adaptive high-beam headlights, selectable AMG Performance exhaust system, Burmester surround sound system, 360-degree surround view system and blind spot assist. Of course, the heart of the GLS 63 is under the hood, where lies the handcrafted AMG 4.0-liter V8 Biturbo engine that produces 603 horsepower. For use in the big SUV, it has been systematically electrified with a 48-volt auxiliary on-board electrical system and integrated starter generator. The result of this mild-hybrid system is even smoother and more powerful drivability. Chris Teague will tell you the rest in this episode. While Teague was testing the $150,000+ AMG GLS 63, Host Jack Nerad was behind the wheel of the 2024 Mazda Mazda 3 Turbo. While it seems the co-host got the best of it, Nerad found there was nothing shabby about the performance or equipment of the $36,000 Mazda3. In an ocean of compact cars, the hatchback stands out for its premium looks, exquisite interior, and fun-to-drive persona. No, its 256 horsepower turbocharged four-cylinder engine and standard all-wheel-drive give it a verve that few compacts can match. And we'll have other thoughts coming up in this episode. In this week's news segment, Stellantis, the owners of the Jeep, RAM Truck, Dodge, and Chrysler brands, is trying to stave off rumors that it will merge with France-based Renault. We'll tell you more about that and its implications coming up. Ford is facing disruptions to the product of its F-150 and F-150 Lightning pickup trucks, which could cost you if you're seeking a new Ford truck. And while Toyota has not been bullish about electric vehicles, it has just announced a giant new EV production facility to be based in Kentucky. We'll have more on both stories. We are also sad to report the imminent demise of yet another legendary vehicle. We'll tell you what it is and when it goes away in this week's show. This week, our special guest is Katelyn Salzman, Lexus expert on the all-new Lexus GX SUV. Host Jack Nerad recently had a chance to drive the GX and then sat down with her to discuss the details of what is a more exciting vehicle than ever before. We think you'll enjoy our conversation. All that and more are coming up on America on the Road. America on the Road is brought to you by Driving Today.com, Mercury Insurance, YourTestDriver.com, and EMLandsea.com , the publisher of Nerad's latest book, Dance in the Dark, which is available HERE on Amazon.com
On this week's podcast, Nicole drives the Mazda 3 hatchback before heading to Arizona to check out the Lexus GX. She also finds amazing cookies at, of all places, a kiosk in the Minneapolis airport.
Welcome to Epsidode 19! This week, Rush is in the Lexus RX 450h+ PHEV. He really, really wants to like it, but there's one big problem: Lexus simply offers too many versions of the RX, and for much less money. Plus, Imran and Nick recount their EV-range-in-winter experiences with the Mercedes-Benz EQE AMG and Volvo XC40 Recharge, respectively. And finally, Nathan tells us about the base, rear-wheel-drive Hyundai Ioniq 5 he's in this week. It may very well be the mobile appliance to rule them all. What we discussed this week: 2024 Lexus RX 450h+ PHEV 2024 Mercedes-Benz EQE AMG Sedan 2024 Volvo XC40 Recharge 2024 Mazda3 Sport Turbo Suna Edition And when you're done, head over to doubleclutch.ca to check out our new look! We're pretty chuffed about it — still have a few kinks to work out, but it's our biggest makeover yet! Enjoy the show? Like, subscribe, and rate us from almost anywhere you get your podcasts! Check us out at doubleclutch.ca, and be sure to follow us on your socials at @doubleclutchca!
Ever wondered what it would feel like to slip behind the wheel of a compact that breaks the mold? Buckle up, as we take the fully redesigned 2024 Subaru Impreza RS for a spin, a vehicle that's tossing its sedan legacy to the curb in favor of a hatchback — or should we say 'hot rod compact wagon' — revolution. Let's just say the traditional hatchback has been given a run for its money with the Impreza's sharp new look, complete with a lower front end and lights that dare you to look away. And for those with a need for speed and style, we muse over the dream that is a WRX-infused future for this blue beauty.Inside, we get cozy with the Impreza's interior, where comfort isn't just a feature; it's a promise. The RS trim cradles you with color-enhanced seating, while the back seat boasts enough legroom to make your adult passengers forget they're in the second row. Performance-wise, we're talking about a 2.5-liter boxer engine that feels just right, though the siren call of a potential WRX version teases the thrill-seeker in us all. And whether you're sizing it up against the Honda Civic or the Mazda3, we cover every angle — from its dream-like ride to its fiercely competitive stance in the market.Lupe Tortilla, sponsor Tailpipes & Tacos Lupe Tortilla in Katy, Texas, is host to the quarterly Saturday morning cruise-in!Sponsored by Gulf Coast Auto Shield Paint protection and more!Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.---- ----- Want more In Wheel Time Car Talk any time? In Wheel Time Car Talk is now available on iHeartRadio! Just go to iheartradio.com/InWheelTimeCarTalk where ever you are.----- -----Be sure to subscribe on your favorite podcast provider for the next episode of In Wheel Time Car Talk and check out our live broadcast every Saturday, 8a-11aCT simulcasting on iHeartRadio, YouTube, Facebook, Twitter, Twitch and InWheelTime.com.In Wheel Time Car Talk podcast can be heard on you mobile device from providers such as:Apple Podcasts, Pandora Podcast, Amazon Music Podcast, Spotify, Google Podcasts, iHeartRadio podcast, TuneIn + Alexa, Podcast Addict, Castro, Castbox and more on your mobile device.Follow InWheelTime.com for the latest updates!Twitter: https://twitter.com/InWheelTimeInstagram: https://www.instagram.com/inwheeltime/https://www.iheart.com/live/in-wheel-time-car-talk-9327/https://www.youtube.com/inwheeltimehttps://www.Facebook.com/InWheelTimeFor more information about In Wheel Time Car Talk, email us at info@inwheeltime.comTags: In Wheel Time, automotive car talk show, car talk, Live car talk show, In Wheel Time Car Talk
Plus discontinued cars, Scout mules, Tesla recalls and more
00:00 - OPEN - The 2002-2003 Mazda Protege5 Today's show is about a used car that would be perfect as a first car for a new driver, or would make an ideal second or third car for your family to run errands or take you, a friend and a full load of gear on a weekend adventure. I like to think of it as the classic Swiss Army Knife of personal vehicles, but it's so much more than that. 01:40 - The Perfect Affordable Small Wagon For An Active LifestyleThe 2002-2003 Mazda Protege5 is a stylish, sporty 5-door hatchback that's not only pleasant to be in and look at, but it also offered an ideal combination of carrying capacity, convenience, fuel economy and fun that's perfect for people of any age who live an active lifestyle. 03:45 - What Makes The Protege5 Great? It's a car that's stylish, sporty and attractive inside and out, plus it was reasonably well appointed for a vehicle at its price point. While not incredibly quick, it's rev-happy engine, excellent handling and fun-to-drive nature delivered a great deal of joy for drivers while also returning reasonable fuel economy in town (25-mpg) and on longer trips (over 30-mpg) using regular fuel. And over time the Protege5 has proven to be a reliable partner for long term owners. 07:25 - It's Not a "Numbers" CarWith only 130-hp motivating about 2750 pounds of sport wagon, the Protege5 is not a car that produces stunning acceleration numbers. Zero to sixty mph is around 9-seconds and the quarter mile is covered in 17-seconds or a little less depending on humidity, track conditions, etc. But none of that matters because the engine, transmission, drive train and suspension work together in harmony to deliver driving dynamics and fun behind the wheel that's so much better than the numbers might indicate. 09:10 - What Do Mazda Protege5 Owners Think Of Their Cars?In a word, Protege5 owners LOVE their cars and 97% of them give their lovable Mazda 5-door wagon a rating of "four" or a "five" out of 5-stars in their online reviews. And that's out of hundreds of reviews, which is impressive. Car and Driver Retro Review Video featuring a "Ron Burgundy" lookalike (I swear it's not Will Ferrell!) delivering the story behind the Protege5 from back in the day: https://www.youtube.com/watch?v=VmkRRYOOB04&t=1s14:35 - What Should You Look For In A Protege5? Low miles (under 100K, if possible) Minimal owners (1 or 2) Consistent maintenance with service records for proofNo accidents (if possible) Avoid rebuilt title vehicles (again, if possible, but it doesn't take much now to total a Protege5, so if the damage isn't severe and it was fixed professionally, you might be able to get a good example even with a rebuilt title)Get a pre-purchase inspection if you canLook for P5s with recent major service already completedGet the ABS+side airbags optionI suggest getting a manual to make best use of the power18:20 - How Much Will You Pay For A Protege5?$2000-$4000 - More rare, but you can find decent examples with higher miles and a couple of issues in this range. $4000-$6000 - Good solid examples with reasonable miles will be found in this price range (be picky) $6000-$8000 - You'll find the best cars in this price range. While attractive and fun to drive, the Protege5 is not a collector car, so I wouldn't pay more than this. 20:00 - Other Affordable FWD 5-Door Wagon Options In The Protege5's Price Range2004 and later Mazda3 5-Door2002-2004 Ford SVT Focus ZX5Pontiac Vibe (2003-2010)/Toyota Matrix...
An den Mazda3 denkt man vielleicht nicht als Allererstes, wenn es um Golf-Alternativen geht. Dabei hat der kompakte Japaner nicht nur ein interessantes Äußeres, sondern bietet unter dem Blech auch noch technische Raffinessen, die bei der europäischen Konkurrenz zunehmend aussortiert oder erst gar nicht angeboten werden: Handschalter, Saugmotoren und ein Cockpit, das ohne Touchscreens auskommt – hier gibt es das alles noch. Was der Mazda3 bietet, wie er verarbeitet ist und was für eine einzigartige Technik sich hinter dem Motorenkürzel "e-Skyactiv X" verbirgt – diese und viele weitere Fragen beantworten wir in der neuesten Folge von "Erst fahren, dann reden".
00:00 - SHOW OPEN In a world where the average new car costs more than $48,000 and the average used car costs more than $27,000, an affordable price truly matters if you're looking for a something fun to drive on a budget. And the focus of today's podcast episode is on a car from Mazda that's a performance bargain today, because the average used car buyer likely doesn't remember that this car ever existed. 00:58 - Today's Focus: The 2003 Mazdaspeed Protege Sport SedanWhile today's episode will focus on the 2003 Mazdaspeed Protege, it is also about being open to possibilities - like, the possibility that a less-known, but still really interesting and desirable vehicle, that could be perfect as your next used car, might pop up for sale at any moment on Craigslist, Facebook market place, Autotrader, or wherever you shop for used cars. You simply have to: A) know what to look for, and B) be open to the idea that this could happen. If you do that, the next time you search for a used car, you might be surprised by what you find. 04:35 - The 2001 Mazda Protege MP3 - The first performance ProtegeNow if you are a real Mazda nerd, you may remember that the Mazdaspeed Protégé isn't the first Protégé that got a performance upgrade. That distinction went to the 2001 Mazda Protégé MP3. Yes, there really was a car named after music audio file. 05:50 - Details and Performance of the Mazdaspeed ProtegeIn 2003, the Protégé's final year before being replaced by the Mazda3, Mazda decided to turn up the volume by releasing the turbocharged Mazdaspeed Protégé – the company's first Mazdaspeed-badged car. And in spite of being overshadowed by many other awesome sport compact offerings available at the time, such as Subaru's WRX, the Mitsubishi Lancer Evolution and the Neon SRT-4 from Dodge, the Mazdaspeed Protégé was still a stunning farewell performance for the Protégé sedan. 06:25 - Mazdaspeed Protege Upgrades From Callaway Cars, Inc., Racing Beat, Tokiko, Racing Hart Wheels, Sparco and Kenwood PerformanceSuspension & BrakesInterior UpgradesKenwood Audio SystemExterior UpgradesColors OfferedTotal Number Built11:20 - What To Look For In A Mazdaspeed ProtegeWhen looking for a special edition vehicle like this, you really want to find one that has been owned and well cared-for by an enthusiast. That's the best way to guarantee that it will still be a Mazdaspeed Protégé you want to own. Try To Find One With The Following Attributes: Low miles is good, but condition matters moreLook for an example with only one or two ownersShould have extensive maintenance recordsMake sure it as all it's original factory Mazdaspeed parts (Racing Hart wheels, side skits, rear wing, stereo, etc.) Still in its factory color 13:10 - Prices For The Mazdaspeed ProtegeKelly Blue Book values cars like the Mazdaspeed Protege lower than what they typically sell for on the open market, but there aren't many cars to choose from, so prices vary widely. That said, you might expect to pay $8,000 to $10,000 (or more) for one in excellent condition with lower miles and one or two owners. Of course, owners can ask what they want for their car, so you may find examples of the Mazdaspeed Protege with much higher asking prices. However, since there are many interesting and desirable sport compact cars from the early 2000s era, including the Subaru WRX, the Lancer Evo, the Dodge SRT-4 Neon, Honda's Civic Si, Ford's SVT Focus, etc.), having more interesting cars for buyers to choose from may help keep prices...
Episode #131 Jesper hates cruise's, Don't worry about your AR and 7 foot men in a mazda 3Everything Gig Economy Podcast Related: www.gigeconomyshow.comThanks so much for listening. We appreciate each and every one of you!Want to earn more and stay safe? Download Maxymo Save money on gas and so much more! .25 cents off per gallon on your first fill-up! http://www.jdoqocy.com/click-100696977-15232114 Add promo code gigeconomy25 for an extra .25 cents off!Love the show? You now have the opportunity to support the show with some great rewards by becoming a Patron. Tier #2 we offer free merch, an Extra in-depth podcast per month, and an NSFW pre-show https://www.patreon.com/thegigeconpodcastWE NEED YOUR REVIEWS! http://getpodcast.reviews/id/1330850946Download the audio podcast https://link.chtbl.com/TheGigEconomyPodcastAutomatic Business Expense & Mileage Tracker https://rebrand.ly/hurdlrGet Gig Economy Podcast Gear! T-Shirts by Gig Economy Podcast - TeePublic StoreThe camera we recommend: Vanture N2 Pro http://amzn.to/2tYAPWMWant to up your income while you drive?Octopus is a mobile entertainment tablet for your riders. Earn 100.00 per month for having the tablet in your car! No cost for the driver!Octopus Tablet Entertainment https://account.playoctopus.com/join/referred_by/GRPodcastSupport the showCheck out our brother from another mother Steve from Rideshare Rodeo Podcast. Super awesome dude that is incredibly knowledgeable about the gig economy!Another podcast that Jason is a part of is called Threads Podcast Life Unfiltered. Check it out!This podcast is produced by Hey Guys Media Group LLC Want to start your own podcast? Reach out to them today!
ENCORE SHOW orginally aired June 25, 2022. New York Vinnie broadcasts LIVE from the Roslyn Vintage Trailer Rally. At the beginning of the show, he shares about the petition to rename Seattle's Occidental Avenue to Paul Allen Boulevard. Then, he chats with one of the participants in the rally to interview her about the trailer she has entered into the rally. This week, Vinnie drives the Audi A6 allroad and reviews the Mazda 3 Turbo on the DriveTime Radio Road Test. Listen to this week's Car Tune "No Trash in My Trailer" by Colt Ford here: www.youtube.com/watch?v=DXA0ItbX-CI
ENCORE SHOW orginally aired June 25, 2022. New York Vinnie broadcasts LIVE from the Roslyn Vintage Trailer Rally. At the beginning of the show, he shares about the petition to rename Seattle's Occidental Avenue to Paul Allen Boulevard. Then, he chats with one of the participants in the rally to interview her about the trailer she has entered into the rally. This week, Vinnie drives the Audi A6 allroad and reviews the Mazda 3 Turbo on the DriveTime Radio Road Test. Listen to this week's Car Tune "No Trash in My Trailer" by Colt Ford here: www.youtube.com/watch?v=DXA0ItbX-CI
In this program we review the very capable Mazda 3 hatchback, givewawy Richard Prince's Corvette book to a Corvette owner and chat with Ashley Medeiros of the Innovation Studio about an exciting new partnership with AAA Northeast.
In this program we review the very capable Mazda 3 hatchback, givewawy Richard Prince's Corvette book to a Corvette owner and chat with Ashley Medeiros of the Innovation Studio about an exciting new partnership with AAA Northeast.
Mazda quien esta celebrando 17 años en México, con una evolución importante, El 6 de octubre de 2005 llegaron a México con un fuerte compromiso de crecimiento. En el año 2014 se inauguró la planta Mazda de Salamanca, reafirmando la historia y compromiso con la gente a través de productos hechos por manos mexicanas, como Mazda2, Mazda3, CX-30 y ahora se hizo el anunció de Mazda CX-3. Este camino hacia el nuevo capítulo de la marca lleva el nombre de Mazda Mirai, que en japonés quiere decir: el futuro de Mazda. No te puedes perder este episodio porque su Presidente nos dice porque ellos no van por el camino de la electrificación, Mazda es diferente y buscarán lo que los clientes quieran en el mercado mexicano y seguirán produciendo vehiculos de combustión interna tanto de gasolina como otros combustibles dependiendo del mercado al que esten enfocados. Tienes que escuchar todo este episodio para conocer del nuevo capitulo de Mazda Mirai, el futuro de la marca.
今回のゲストは、backspace公式SNS「グルドン」をホスティングしていただいている、さくらインターネットのエンジニアでエバンジェリストの仲亀さん。グルドン強化のための計画から、個人的な趣味である撮影、クルマの話まで盛りだくさんの話題でお届け。 ▽トピック 撮影機材 / MAZDA3 MT / チューニング・ガレージ ▽関連リンク @backspacefm / Twitter シンBSマガジン YouTube版 #467 かねめこさん / Twitter さくらインターネット FX30 | ソニー NEX-FS700JK | ソニー PXW-FS5 | ソニー MAZDA3 採用情報｜さくらインターネット ▽レギュラースポンサー この番組はフェンリル株式会社の提供でお届けしております。 backspace専用マストドンインスタンス、通称グルドンはさくらインターネットのサポートを受けて運用しています。 backspace.fmでは我々の活動を応援してくれるスポンサーを募集しています。興味がある方はぜひこちらにて連絡ください！drikin+backspacefm@gmail.com この番組は Riverside.fm を使ってリモート収録しています。 Riverside.fmはビデオ通話をしながら高音質ファイルを同時に収録することができる、ポッドキャストなどのリモート収録に特化したサービスです。興味がある方はぜひこちらをチェックしてみてください。https://bit.ly/RiversideFM_Backspace
For reasons known only to itself, Mazda Australia has decided to stop selling the 2-liter atmo engine - the stalwart of the base model CX-5 and Mazda3 (and also the CX-30, I think). This is, of course, quite the let down if you've had one on order and you've been waiting patiently for several months now. Here's what happened... OLIGHT DISCOUNT! (These are awesome.) Get 12% off here >> Use code AEJC On Bullshit by Harry G Frankfurt >> F*#king Apostrophes textbook: https://amzn.to/3IpskpA Save thousands on any new car (Australia-only) by contacting me via AutoExpert.com.au here >> Help support my independent reporting, securely, via Patreon here >> AutoExpert discount roadside assistance package (with no joining fees) here >> Did you like this report? You can help support the channel, securely via PayPal here >>
Dodge Charger electrico con ruido artificial, Italika Cafe Racer en México, Mazda 3 2023 con ligera actualizacion en EU.
This week we share our first impressions of the 2023 Honda HR-V. We discuss how the HR-V improved over the first generation model and why it feels more robust in comparison to competing small SUVs. Plus, we answer an audience question that compares an all-wheel drive Mazda 3 to the new Acura Integra. SHOW NOTES: 0:00-10:39: 2023 Honda HR-V 10:39-18:08: Question: Which would you choose; the Mazda 3 AWD or the new Acura Integra? LINKS: Redesigned 2023 Honda HR-V Grows in Size and Sophistication: https://www.consumerreports.org/suvs/2023-honda-hr-v-review-a5649305775/ 2022 Mazda 3: https://www.consumerreports.org/cars/mazda/3/2022/overview/ 2023 Acura Integra Tries to Recapture ‘80s and ‘90s Magic With Help of Civic Si: https://www.consumerreports.org/small-cars/2023-acura-integra-review-a1115778934/
This week we share our first impressions of the 2023 Honda HR-V. We discuss how the HR-V improved over the first generation model and why it feels more robust in comparison to competing small SUVs. Plus, we answer an audience question that compares an all-wheel drive Mazda 3 to the new Acura Integra. SHOW NOTES: 0:00-10:39: 2023 Honda HR-V 10:39-18:08: Question: Which would you choose; the Mazda 3 AWD or the new Acura Integra? LINKS: Redesigned 2023 Honda HR-V Grows in Size and Sophistication: https://www.consumerreports.org/suvs/2023-honda-hr-v-review-a5649305775/ 2022 Mazda 3: https://www.consumerreports.org/cars/mazda/3/2022/overview/ 2023 Acura Integra Tries to Recapture ‘80s and ‘90s Magic With Help of Civic Si: https://www.consumerreports.org/small-cars/2023-acura-integra-review-a1115778934/
This week we share our first impressions of the 2023 Honda HR-V. We discuss how the HR-V improved over the first generation model and why it feels more robust in comparison to competing small SUVs. Plus, we answer an audience question that compares an all-wheel drive Mazda 3 to the new Acura Integra. SHOW NOTES: 0:00-10:39: 2023 Honda HR-V 10:39-18:08: Question: Which would you choose; the Mazda 3 AWD or the new Acura Integra? LINKS: Redesigned 2023 Honda HR-V Grows in Size and Sophistication: https://www.consumerreports.org/suvs/2023-honda-hr-v-review-a5649305775/ 2022 Mazda 3: https://www.consumerreports.org/cars/mazda/3/2022/overview/ 2023 Acura Integra Tries to Recapture ‘80s and ‘90s Magic With Help of Civic Si: https://www.consumerreports.org/small-cars/2023-acura-integra-review-a1115778934/
The Mazda Mazdaspeed3 is one of the coolest hatchbacks to roll out of a Mazda factory. It had all the attitude you'd want from a sporty hot hatch and more than enough power. Unfortunately, the Mazdaspeed banner is gone. Though, the good news is that Mazda's hatchbacks are still kicking. The latest generation Mazda 3 hatchback made its way to the streets in 2019 and has gone the last few years with few major changes. Though in 2021 the folks at Mazda dropped in the 2.5-liter turbocharged engine found in other Mazda products and turned its sensible hatchback into a sleeper hot hatch. The 2.5-liter turbocharged I4 has the same power as we've seen in its other products: 250 hp and 320 lb-ft of torque. Those numbers shrink when using non-premium fuel to a still peppy 227 and 310 lb-ft. Managing all that power is a six-speed automatic, which sends power to all four wheels. On this episode of Quick Spin, host Wesley Wren hops behind the wheel of the Mazda 3 to put it through its paces. Wren walks around the 2022 Mazda 3 Turbo and highlights its styling and exterior features before climbing inside the car to show off its interior. Later, he takes you along for a real-time drive review. Adding to the show, Wren chats with west coast editor Mark Vaughn about Mazda's hatchback history, the Mazda 3 and the current hatchback climate. The two talk about the Mazda 3's dynamics before discussing what makes the 2022 Mazda 3 special.
J.R. welcomes Advisor Tony to the show in this mash-up of two episodes of Crutchfield Live, which you can catch every other Thursday on YouTube and Facebook. The duo walk us through the process of qualifying Tony's 2010 Mazda 3 using our vehicle selector tool (https://www.crutchfield.com/r/9X9) and then using filters to narrow down choices for all types of car audio gear. Some of the gear discussed includes: Hertz car speakers (https://www.crutchfield.com/r/9XA) Boss car stereos with Apple CarPlay (https://www.crutchfield.com/r/9XB) Kicker subwoofers (https://www.crutchfield.com/r/9XC) JL Audio amplifiers (https://www.crutchfield.com/r/9XD) Plus, J.R. answers a number of customer questions, including one that a listener named Buzz sent into the show! If you'd like to have your question answered on the podcast, send an email to us at podcast@crutchfield.com.
The Mazda3 Turbo test drive. Write to us with your Car Debates, Car Conclusions, and Topic Tuesdays at everydaydrivertv@gmail.com or everydaydriver.com.
New York Vinnie broadcasts LIVE from the Roslyn Vintage Trailer Rally. At the beginning of the show, he shares about the petition to rename Seattle's Occidental Avenue to Paul Allen Boulevard. Then, he chats with one of the participants in the rally to interview her about the trailer she has entered into the rally. This week, Vinnie drives the Audi A6 allroad and reviews the Mazda 3 Turbo on the DriveTime Radio Road Test. Listen to this week's Car Tune "No Trash in My Trailer" by Colt Ford here: https://www.youtube.com/watch?v=DXA0ItbX-CI
Mark McGuire is a Chief Investment Officer, Hearthfire Holdings. in 2017 he started to build a real estate business. He hired and fired agents, learned from his mistakes, and then re-hired all over again with a new perspective. Since 2013, Mark and his team have brokered more than 300 homes with a total sales volume exceeding $83M. They have also raised over 15 million in capital for Hearthfire. Mark's biggest passion is wealth building and investing. He is a limited partner in 12 syndications, ranging from multifamily to industrial, hospitality to self-storage. He has invested in multiple private companies in the biotech, finance, and AI spaces. In addition, he currently owns 20 residential units in various real estate partnerships and oversees the management of 130 residential units his family owns. Mark has also executed multiple 1031 exchanges. He's seen up-markets and down-markets and discovered opportunities in both. In this episode we talked about: * Mark's Bio & Background * Building his Career in Real Estate * Limited Partnership Role * Real Estate Deals Outlook: the best Takeaways from Investors * Red Flags while looking for LP & GP * Multifamily Investments * Mark's Focus in Real Estate Right Now * Economic Outlook 2022-2023 * Mentorship, Resources and Lessons Learned Useful links: Slicing Pie: Funding Your Company Without Funds https://hfirecapital.com https://www.linkedin.com/in/investingwithmark/ Transcription: Jesse (0s): Welcome to the working capital real estate podcast. My name is Jesper galley. And on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time Jesse (23s): This is Jessica forgotten and you're listening to working capital the real estate podcast. My guest today is Mark McGuire. He's the C I O of Herth capital. He's a full-time real estate investor and operator that's when mark at the time plunge into real estate sales, after running hard on his own for three years, working 80 to 100 hours a week, mark realized he needed help. He transitioned his real estate practice to Keller Williams in 2017 to learn how to build a real estate business. He hired and fired agents learn from his mistakes and then rehired them all over again. Since 2013, mark and his team have brokered more than 300 homes with a total sales volume exceeding 83 million. They've also raised over 50 million capital for her fire, mark, you and I were just talking before we want to get into a lot of what you're doing now, which sounds like general partner and sponsoring deals. First of all, welcome aboard. Mark (1m 13s): Thanks for having me Jesse excited. Jesse (1m 15s): Yeah, I really appreciate it. So lots to talk about here. You've had a pretty, a pretty interesting background in terms of where you started out in your career and what you're doing today. And I want to get into for listeners the different asset classes that you're working with, but before we do that, why don't you take us back to kind of where you got into real estate? How that your story unfolded at the beginning? Mark (1m 39s): Yeah, so real estate was something that was in my family. You know, I tried to go the college route net that really didn't align with my way of being a really I learned hands-on and I could, I could do the school thing, but I just hated it. And my mom's a teacher, so that went over really well. And then, you know, transition to my first entrepreneurial venture was playing in a band and we played, I was in a band professionally for seven years. We ended up getting a record contract with RCA records and I had had my I'm sorry, Jesse (2m 15s): Small outfit. Mark (2m 16s): Yeah, yeah, just a little bit. And I had had my real estate license at the time. And when we got the record contract, I remember, you know, this real moment of clarity of looking at how much money I was going to get as part of the contract that was guaranteed. And then how much money I had commissions pending with my residential real estate sales business. And I just was like, well, why would I sign this 14 to 20 year contract? Like that makes no sense. I'm, I'm going to be a slave. So went into real estate sales full time and had the opportunity to, to really start to understand business and learned about this whole thing called like a profit and loss. I never went to school for any of it. So it was kind of just a giant trial by fire and I'm kind of became obsessed. And then after that, it was just like, how much more could I could I build? It was just a constant pursuit of growth. Jesse (3m 8s): Fair enough. So you kind of run through the process, you're in music, which is awesome. What a, what instrument or where you vocals? What did you play? Mark (3m 16s): No, I was actually, I was, I played drums. I did sing background vocals, but drums was really my main contribution. Jesse (3m 22s): Nice, nice. I'm a big, big guitar guy. Just, just, just bought a, a PRS recently. And so I'm pretty, I'm having fun with that somewhere in the background there. So that's really cool. So RCA, I, like I said, it's not exactly a, a small outfit, so congrats on that. But even with that, you kind of look back and you start real estate as a path. So bring us up to speed today. I know that you're continuing to build wealth through real estate and you are LP on a few deals in various asset classes and running point or general partner on others. Maybe you could tell listeners a little bit about what that looks like and how that process kind of evolved. Mark (4m 3s): Yeah. So when I was in residential real estate sales, I spent a lot of time, you know, getting to run numbers on just single families. One thing that I was really fortunate to have was a family that was in real estate. So my, my grandfather was the main driving force and he owned a bunch of properties and I got the opportunity to work and be the, the, the assistant to the maintenance man. So I was like the guy that just said, Hey, there's a pile of trash, go over there, go take it and load it in the truck and throw it out. So I did that for a couple of years and, you know, that's what it took to be in the band and have the flexibility to be able to get up and go whenever I needed to, they either had to go for on the site or they didn't. So there, it was just a matter of, you know, as I made money and, and, and generated income from residential real estate sales, my grandfather always told me, you know, real estate sales, you know, will make you money, but it will make you rich. And I don't know if you've ever heard of the saying brokers died, broke because so many people in sales, they make good money in commission, but then they, you know, spend it all and they don't get into assets that help you defer some of those taxes Jesse (5m 19s): And build wealth. Mark (5m 20s): Yeah. So it really came down to saying, Hey, I want to, I want to be able to get paid while I sleep. And so I've started buying condos and single families. And because this was 2013, 14 when the market was, you know, really, really low and then just kind of wanted to grow it from there and got interested in the commercial loan space. And, you know, I lived on as little as I could without feeling like I was, you know, I'm going to say punishing myself. I wasn't like sitting there and eating ramen. No, I was never the ramen noodles guy. There's a lot of those people that, you know, they, I mean, I like pain, but I don't like it that much. Jesse (6m 0s): You know? And I don't understand that maybe we said Italian upbringing. I'm like, you know, pasta is just this chief. Mark (6m 5s): It is. But Robin noodles is pasta. It's just possible of sodium Jesse (6m 10s): A hundred percent, exactly. Dumping, just dumping a bag of salt in there. Mark (6m 16s): So I basically took it from, you know, just doing small single family and getting introduced to the concept of syndication I was trying to buy up. And it was just, I didn't have enough income. I didn't really know the way that the game was played. So syndication was my way to be a part of bigger deals. And I got, it was a, it was a question of bandwidth because you only had so much time to operate so many deals the right way to execute on them. And syndications for me were a way to keep my money moving at a good velocity without having to actually be the one driving the ship forward. Jesse (6m 50s): So in those syndications where you limited partner in like the first one, Mark (6m 55s): Yeah, I was an LP in probably seven or eight before I started on the GP side. Jesse (7m 3s): Yeah. Which is that's fascinating to me because some, some would argue that it's, it's easier to get into being the LPN and definitely in a sense it is right. You're just, you're just providing capital. But I think the analysis is for somebody that's breaking into the industry, it's pretty, you know, ballsy to just jump into LPs with, without doing your proper due diligence. And I'm not saying that you didn't, I'm saying a lot of people, they see an investment and then they go in and that's why we had Brian Burke on. He wrote the passive, I think it's passive real estate investor. Mark (7m 36s): It's a hands-off hands-on that's Jesse (7m 39s): Right. So we were both talking at the last BiggerPockets conference and what I found fascinating about this book, not just to plug it, it's just from the LPs point of view, which you never really read in a lot of these books. A lot of it is you're the GP you're running the deals. So that's pretty awesome. And then the other thing I, I feel in tell me if this is what you experience, I've told partners of mine before that we should be an LPN, this deal. And it's not necessarily because I think the deal is great. Is I really like the sponsor. I really want to see what, what he or she does with the investment. And you learn so much about, okay, they're using this software, oh, they're G they're doing updates this way. I, you know, the last person I invested in did, did them this way. So I feel like there's a lot to learn from somebody who has already established themselves as an LP. Was that kind of your experience in those first, you know, six or seven, whatever they were. Mark (8m 27s): So it's funny. I never went into syndication, investing, thinking I was going to be the guy syndicating. So I always went, I went into it because, you know, I could do my own deals. I knew how to run them. I knew how I knew how to pull the levers. I mean, it started as single family, right. Which is buy it at the right price, fix it and understand what the rental value is going to be at the end. Now, syndications do that same thing on a scale times, 100, 200 times. Right? So that's, it's the same concept, but it's kind of like if someone just gave you a graphing calculator and said, Hey, tell me what the graph looks like for this, you know, inequality, if you don't know how the basic calculus or algebra works behind it, then, you know, giving it, given that calculator is great, but like, you need to know how the, the math, how, what the long form version is. And that's what single family was for me was the long form version. Now that I'm in a syndication, it's like, okay, what are the levers that we're going to pull here? How are we going to pull them? How much do we need to pull in totality in order to get up to what we can project? And at that point, like, I can pretty quickly go like, all right, this, this will work. Or it won't. Jesse (9m 38s): Yeah. And I find that the one thing with single family and I I've had a very similar kind of history or, or path that you took. I mean, it can, it's very binary. It could go that you have a terrible experience or that you have a great experience in that is really predicated on the fact that you don't have a hundred tenants. You have one or two in a certain investment. So if it goes poorly, you feel like the whole thing is going poorly, where that the nice thing with apartments is you do scale it up and you're able to have economies and, you know, the losses, the winds help with the losses and things kind of even note. But I feel like a lot of it is, is that mental barrier, you know, when, when you're starting out buying that first condo, the idea of you owning 80 units is, you know, so far away from, from your reality. So tell us how you moved from. So you moved from kind of what you're doing originally in real estate, into being an LP on these deals of whatever it was, six, six to 10 or whatever you invested, what was the, your experience or what was your outlook after seeing different investors? Do these deals differently? Mark (10m 43s): I mean, you know, Brian Burke covered a ton of it in his book. So if you haven't read that, read that, I mean, it's, it's, it really sums up pretty much everything you need to know in more detail than you need to know it. So if I were to boil it down to brass tacks and make it really simple, I learned who communicates well, cause I value communication. If you don't communicate well, I don't wanna, I don't want my money with you. I like quarterly communication, monthly communications, just too much for me, because at that point, like I don't, if I wanted to have monthly communication, I'd be, I'd run the deal. I, I want to know that my money is okay, but I Jesse (11m 20s): Don't from the contractor. Mark (11m 22s): Yeah. I, yeah, not interested. I wanna, I wanna know, you know, who does what they say they're going to do. And by that, that can be with respect to distributions that can be with respect to execution of the business plan. There's different ways that that shows up, but I'm paying a lot of attention to do they execute and do what they say, do they deliver? Because so many people and anyone can put something on a spreadsheet, say here's what this is going to do. And this is gonna be worth X by this time. But if you don't go and see you, those, you know, quarterly execution updates, demonstrating that they're tracking performer, tracking their execution timeline. Even if the NOI doesn't track because the market's not, you know, didn't pan out the way you thought, but you're executing to the business plan. I'm not going to fall to sponsor for that. I just, wouldn't Jesse (12m 18s): Sorry. Go ahead. Mark (12m 19s): Those were the two, those were the two big things for me. And then I would say the, the third thing is you get to see who actually underwrites, conservatively, everyone, underwrites, conservatively. It's like, everyone leads with that. And when you Jesse (12m 35s): Conservative figures here, we're just going to change this exit cap rate here. And there's your 30% IRR. Mark (12m 40s): Yeah, exactly, exactly. It all. It all comes down to that. You get to see, you know, as the tide is going out here, I think we're starting to see the high water mark. You're going out. You're about to see who's swimming naked. It is going to it's it's gonna, it's going to come. Jesse (12m 58s): Yeah. Well, it it's to your point of, you know, I don't necessarily see that you're going to track exactly like your, you know, your memorandum or your deck. You showed everybody, but it is this idea of like communicating on a regular basis, tracking the progress. It sounds like when I hear guys like you talk, you can almost hear a sales background because if you're a good sales person and in this case, like real estate sales, the first, the, one of the most valuable a number of them, but one of the mentors I had, one of the most valuable lessons I ever got was listened, deliver bad news, quickly, deliver it fast. And you know, you, a lot of people try to run away from it, but listen, like, I'm going to give you a quarterly report. This is what's going on. I'm going to give it to you every quarter. I'm not going to try to run away from, with what's happening. We're obviously gonna make sure that, you know, things go as smoothly as possible. But I think communication is huge. And in the long run, even though it hurts those days where you're delivering bad, you know, bad information, it's important that you do that for your credibility. Mark (13m 58s): I don't, I would say not don't just deliver bad news, but deliver the solution, delivery, deliver your solution to the problem, along with the problem. Because, you know, coming from the days of residential real estate, if I went and delivered a home inspection report with a bunch of bad news and didn't provide avenues to solve it, then like there's full on panic. And everyone's like, wow, man, this is terrible. And people just go, you know, off the cliff into the deep end. Jesse (14m 28s): Yeah, no, I couldn't, I couldn't agree more. So let's get into a little bit about the LPGP relationship. So for those that don't know, I think most of the listeners are familiar with the general partner and limited partners. Basically try to give me your, your perspective of what you're looking for. Let's start on the LP side when you're looking at a general partner. So you talked about somebody who's a communicator, somebody who's going to be, you know, tells you what the, what they're going to do is, is in communication with you. But what are, what are a couple of red flags? You know, we can pull them from, you know, from Brian, but we've got you here and I'd like to get your thoughts on it. Mark (15m 8s): Yeah, here's what I would say. I always want to know what are the assumptions in the model? I always ask, you know, what are your rent bumps? That's a big one because you can go and make revenue look a lot higher than it really can and, and will be if you're over aggressive, I want to know. And that kind of goes along with how are you to creating the value? So is it through, you know, rent? Is it through adding additional square footage in self storage game? Or is it adding, you know, like converting units that, and, you know, chopping them up and making them a little smaller, but I also want to know, you know, what's your exit cap rate assumption. That's such a big lever. That's so just not understood it. The general person does not understand how exit cap rates are such a powerful lever in the value gaming Jesse (16m 8s): Return. Mark (16m 9s): Oh yeah. So that's a really, really, really big one. And if you don't know, the re the relationship net operating income divided by cap rate equals your asset value. So understand if you're going in buying, you know, a cap rate and it's, and it's hard to set it because just cause you're going in at a five cap on actual is there could be a ton of runway in the, in the, in the gross revenues because it's not being managed well. So, you know, sometimes people think that they're getting a steal, you're paying a high cap rate on something like that. But if, you know, as the operators, a ton of runway on the rent roll and fine, give them a five cap and just know that you're going to double the revenue and then you're going to sell it at a six, but the double revenue still generates the value. Jesse (16m 50s): Yeah. I think one thing I'd tell a younger investors or people that are trying to understand the, the usefulness and sometimes the work you should throw cap rates out of perfect illustration is you can have a building with a 1% cap rate. And it's an absolutely amazing investment because you, you have vacant possession of a building in a great market. So, you know, this idea of, of cap rate being the be all and end all, you know, you have to really factor it into our, are we a stabilized asset? Are we fully tenanted the other piece too, of, you know, just so listeners are following along with exit cap rate, or sometimes you'll hear it called the reversion if you're in, in college and finance right now. So this idea that you have to apply a cap rate to that last year, or say a five-year investment that last year net operating income, just like mark was saying here, that is an assumption in the deal. And the common wisdom is that that cap rate should be technically higher than your entry cap because the building has degraded over time or, or kind of, it has gotten older, the actual structure, not the land and that cap rate, you know, you can just do the math right now. If you have a million dollars NOI divide that by 4.5 or divided by 5.5, you're going to see a drastic difference in the valuation. And that's going to really affect the levered return on investment. So that's a great point. Are there any, w you know, when you look at an investor or an investment, and you're seeing the, the debt side of the equation, the mortgage, what do you like to see there? Is there anything that you're looking out for that you're keeping your eye on specifically? Mark (18m 22s): I mean, I'd like to understand recourse, is there recourse on it or is there not because if there's recourse on it, you know, the person who's running the deal has more skin in the game because when you're an LP, generally, I'm not going to say always, but pretty much always you're at risk. Capital is only the capital, the equity you contributed to the, your LP position. Whereas the sponsor who's on the GP side, they're the ones taking the risk, signing on the debt. So most, you know, most, most people in, in multi-family, and, and in like industrial, they're going to go for CMBS or life insurance company, life code debt, and they're going to go for non-recourse, which is smart. It's very smart. But if someone like self storage, a lot of times we're going for like regional banks and regional banks don't want to give non-recourse, they'll give partial recourse. Yeah. So I still have skin in this game if I don't do this thing. Right. And versus someone on a multifamily, if the project totally goes sideways, they hand the keys back and go, Hey, sorry, this is your problem. Like, I tried my best. And you as the investor who put up the check, you're out the money and the guy who ran the deal just lost the reputation. I mean, that's, that's what you're really losing, but they didn't lose cash. So to speak. Jesse (19m 41s): Yeah. That's a great point. I, the last investment that we were running GP on, I remembered speaking with an investor and he said, and it's not a dumb question. It's a, it's a logical question. They said, well, you know, how much are you investing personally? You know, I thought it would be more. And I said, my answer to him was, listen, it's, it's the wrong question. I'll answer it. But it's the wrong question. And I'll tell you why. So I tell him how much we're investing in the deal. But then secondly, I'm saying that we're signing on this debt and it's, this is, this is not debt. This is basically my unborn kids. If everything goes wrong here, that's what gets affected because we're personally guaranteeing the debt. I th that's a question I think is important because at the end of the day, if I know that the GP is really, like you said, has complete skin in the game, that changes the dynamic for me, for sure. Mark (20m 30s): Yep. Yeah. I mean, and, and honestly, like I, especially right now, I will want to see lower leverage. Multifamily investments have been going 80% with a 24 month IO interest only period. And on a 30 year amortization schedule. So talking high leverage with very little principal pay down with, so your 30 year, the higher your amortization period, the, the slower you pay down your principal loan balance. And then when you go and you add a 24 month interest only period on the front of that, you're paying no principal for two years, and then you're paying small principal for the three years. So if you're holding it for five years, you're really banking on the market to go up. So at the time of disposition, you're not in disposition to sale, you're not in a place where you're going to get, you know, you're gonna be under underwater. And then at that point, you're you got a deficiency. So you're paying to sell the property, or you're having to refi at that. Five-year mark. So I, I hate high leverage right now, like 80% leverage scares the shit out of me and interest only periods on loans. Also equally terrifying right now for me, unless you're at a super low leverage point. Jesse (21m 46s): Well, it's like when you describe it that way, you're like the big short 2.0 there where you have like this balloon, or, you know, you have an IO period. And then all of a sudden it kicks into to have whatever you're looking for, stabilize that after that. But I think, I think what we've learned over the last six months, or even shorter than that with interest rates is that LTV is important to a certain extent. But what most banks that we're dealing with, what they're looking at is that service coverage right now, how much more do you have to pay then than your actual servicing of the, of the mortgage or debt. And I think that is a, probably a prudent way to look at it, but yeah, I think, I think you're right. I think most of the going forward this next year, I think these high, these individuals or companies that are doing very high loan to value are kind of setting themselves up to potentially be in a little bit of trouble if you know, the economy goes the wrong way. Mark (22m 39s): Well, and so then the question becomes, okay, so let's say you got a five-year term with a 24 month IO at 30 year am. Well, do you have extensions beyond that? That will allow you to go and buy some time if the market doesn't, you know, the market's not cooperating with your exit timeframe that you originally intended. So that's understanding, you know, the ability to have extensions on the backend. Can you buy an extension or does the rate reset? Meaning like now you have to go and go to, you know, whatever prime is or prime plus, whatever the agreed upon amount is in the loan docs. And this is the thing until you operate, actually, you don't even know how to answer these questions. You don't even know what this shit means. Let alone have the ability to ask the question to be able to actually ascertain that answer. Jesse (23m 29s): Well, I, like you said earlier, just go on a podcast, here's your credibility. So I want to kind of jump to what you're kind of looking at right now. What are deals? You know, what, what's your target and are you doing more self storage? You're looking at apartments, Mark (23m 46s): We're all self storage. I mean, you know, with hearth fire, all we do is self storage. That's, you know, singular focus. I mean, we just want to go and be fantastic in that space and just crush that space and know it inside and out that said the challenge right now is with rates ticking up, the more money you borrow, the bigger the deal, the rate hikes are because it's compounding a problem. So on a mortgage, as a residential, and you're borrowing 250 or 300,000 bucks, that's such a big deal. It does impact, but not a huge deal. If you're going to borrow 5 million bucks that little, you know, half, half a point and rate can really impact your, your, your monthly debt service. And at that point, it impacts what you can pay and your debt service coverage ratio and what you can pay for, for the property. And right now, sellers, haven't adjusted to Jesse (24m 45s): A hundred percent Mark (24m 46s): New debt terms like seller sale price expectations are still at, you know, all time low rates. And there's a gap right now. And the thing is, is there's a lot of stupid that hasn't burned off yet. There's a lot of people still paying way too much. Yeah. I don't know when that stops. So it's like, we're just in a mode of sticking to our guns, putting in LOI, but being patient. Jesse (25m 9s): Yeah. It's very, yeah. The price that pricing is so sticky because people, once they anchor to it, like, you know, just for on the kind of the sales side with real estate, once you stick to a price, you do not want to come off it. We have clients right now that we're actively, you know, we've marked down some prices depending on the asset class, but people are starting to say, well, here's my offers here because cost of capital is going up. And our clients are just like, no, like the prices that shouldn't affect price at all. It's like, no, it does. And it should. But the fact that there's that disconnect. It'll be interesting to see how long this lasts. If we, if we stay in this kind of environment, even if the interest rates kind of stay stagnant, I feel like the prices have to reflect, have to adjust to it. But I think it's definitely the, there is a time period where people do not want to mark down because they're just used to what we've been living through for the last 10 years, to be honest. Mark (26m 1s): Yeah. It'll be real interesting. I mean, we've been up until the right fence 2012. And so there's a lot of sponsors, syndicators, whatever you want to call it that have operated like crap that have gotten away with poor execution and poor operations and poor, poor deal management. And now that pricing is reverting and you're going to start. And I mean, I don't know. I think we're right now, we're kind of at the crest and now people are questioning like where value sits, right? This instant, which whenever there's uncertainty in pricing, that usually means a price. The pricing is going to start to come down and how much it comes down, who knows that depends on rates and how much move, but prices are going to come down. And it really boils down to like, if you don't execute well on your business plan and you leave money in the table as a respect to your NOI, when it comes time to exit, it's going to cost you and that's going to be, that's going to cost investors that returns. Jesse (27m 1s): Yeah. Yeah. I couldn't agree more. It's it's so hard to kind of do the analysis on, from an economic standpoint where we had Peter Lindemann, who's a professor at warden. He kind of wrote the book on like real estate finance. And we're talking about the economy and we have these kind of artificial, not artificial, but I think most people would agree. COVID-19 was not exactly a typical recession. It was a technical recession, but it was something that was more akin to like a, a natural disaster. So we're recovering off of that. And the question is, if the economy is going to go into recession where it naturally would have gone, or if it's going to continue along the way it is, that's really going to be the, you know, which way do we go on these things because interest rates where they're at right now, I think if the economy continues to be healthy, we can, we needed a little bit higher interest rates. The question is if it starts running off from an inflation standpoint, but who knows? We, I, I don't, I don't crystal ball it. I just asked my guests to. So Mark (28m 1s): W I'll be happy to tell you that we're in a recession and no one's actually said it yet. But as more business owners I talk to and, you know, cash is getting tight and all that excess liquidity that COVID created, or should I say the government created as a result of COVID, that's starting to burn off, except for like the craziest part is the people who got the most amount of money. Well, it's not that crazy. The wealthiest people who got the most amount of money are the ones who still have the money. And that's like the last bit of liquidity that's kind of hanging out and about, but all this stock market sell off and all this crap that's going on. This, this, all this stuff in crypto it's, it's, it's all in response to people are starting to feel tight with respect to liquidity, and you wait, give it another 45 days and it'll come out officially. Jesse (28m 44s): You know, I think this is the thing where you being a prudent investor really starts to pay dividends. And like you said, you can hide a lot with prices, just continually going up, like, Hey, I'm a great operator. Prices have gone up in my market 12% every year. So it hides a lot of poor management and poor operating. So TBD we'll, you know, we'll see what happens over the next little while. I want to get to kind of where people on listening can reach out to you and see what you're up to before we do. We typically, before we end the show, we ask our guests for questions, kind of a rapid fire, so to speak. So if you're good with that, I'll lay them on. You Mark (29m 22s): Let's do it. Jesse (29m 23s): All right, mark. What's something that, you know, now in your investing career that you wish you knew when you first started out and you know, it could be something operational can be something on the investing side, Mark (29m 35s): Any commercial asset, you control the value of your building based upon your net operating income. So the better you can a building, the more you can control the value of it when it's commercially based. So I would go commercial sooner. Jesse (29m 49s): Yeah. That's great. What would you tell somebody that's looking to get into our industry, whether building a real estate business or going into, as an investor, whether it's LP or GP, you know, what would you tell that young, younger individual Mark (30m 5s): Go find someone who's really good at it and work for free and learn everything you can and, you know, find a way to add value to their operation. And, you know, don't put your capital on the line, put your time on the line. Cause you got time to give you don't have money to give at that point. Jesse (30m 21s): Yeah. Fair enough. Any resources or books you're reading right now that you think the listeners would get some value out of? Mark (30m 30s): You know, it's interesting. I'm reading a book right now called slicing pie. It's by a guy by the name of Mike Moyer. It's interesting. Cause it talks about equity and what's fair and how to determine an equitable equity share. So I'm reading that right now. Jesse (30m 47s): Sure. For some reason I thought PI like the math thing, once you brought up calculus. Mark (30m 52s): No, it's I believe it or not. I'm not a math guy. I like addition, subtraction, multiplication, division, but stick letters in my math. And it all goes downhill for me. Jesse (31m 0s): There you go. Well, luckily your PNL doesn't have a ton. It doesn't have any of the letters that don't form words. First car make and model Mark (31m 12s): Man. The first one that I drove that was like kind of handed down, but like wasn't mine. The first one that I bought Jesse (31m 20s): Was when you bought, Mark (31m 22s): I bought a Mazda three Jesse (31m 25s): Rotary engine. Mark (31m 27s): Yeah. Mazda3 stick shift. There you go. Because I was cool like that Jesse (31m 33s): Starting my buddy about this. I was just like stick shift. I had a million people have said this, but I watched this, I listen to his podcast, econ talk. He's like, it is a millennial security device. And it was just like, nobody drives stick. I, my first car was a, was a stick as well. And it's just like, yeah, Mark (31m 50s): Well it's funny. I've, I've gotten in driven stick shift cards since I got rid of that car and then got another car. But it's now it's like, it's a little more herky jerky. Cause you know, not driving in every day. And plus every clutch is a little different, Jesse (32m 4s): But yeah, you gotta, you gotta work. Awesome. So for listeners, aside from, as I always say an easy Google search, any specific places that you'd have people reach out, we'll put links in the, in the description for the show. Mark (32m 19s): Yeah. Easiest way to find me is investing with mark.com, M a R K and then Instagram back slash investing with mark Facebook, LinkedIn. It's all there. Jesse (32m 32s): My guest today has been Mark McGuire, mark. Thank you for being part of working capital. Mark (32m 38s): Thanks. Jesse (32m 45s): Thank you so much for listening to working capital the real estate podcast. I'm your host, Jesse for galley. If you liked the episode, head on to iTunes and leave us a five star review and share on social media, it really helps us out. If you have any questions, feel free to reach out to me on Instagram, Jesse for galley, F R a G a L E, have a good one. Take care.Jesse (0s): Welcome to the working capital real estate podcast. My name is Jesper galley. And on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time Speaker 0 (22s): E Jesse (23s): This is Jessica forgotten and you're listening to working capital the real estate podcast. My guest today is Mark McGuire. He's the C I O of Herth capital. He's a full-time real estate investor and operator that's when mark at the time plunge into real estate sales, after running hard on his own for three years, working 80 to 100 hours a week, mark realized he needed help. He transitioned his real estate practice to Keller Williams in 2017 to learn how to build a real estate business. He hired and fired agents learn from his mistakes and then rehired them all over again. Since 2013, mark and his team have brokered more than 300 homes with a total sales volume exceeding 83 million. They've also raised over 50 million capital for her fire, mark, you and I were just talking before we want to get into a lot of what you're doing now, which sounds like general partner and sponsoring deals. First of all, welcome aboard. Mark (1m 13s): Thanks for having me Jesse excited. Jesse (1m 15s): Yeah, I really appreciate it. So lots to talk about here. You've had a pretty, a pretty interesting background in terms of where you started out in your career and what you're doing today. And I want to get into for listeners the different asset classes that you're working with, but before we do that, why don't you take us back to kind of where you got into real estate? How that your story unfolded at the beginning? Mark (1m 39s): Yeah, so real estate was something that was in my family. You know, I tried to go the college route net that really didn't align with my way of being a really I learned hands-on and I could, I could do the school thing, but I just hated it. And my mom's a teacher, so that went over really well. And then, you know, transition to my first entrepreneurial venture was playing in a band and we played, I was in a band professionally for seven years. We ended up getting a record contract with RCA records and I had had my I'm sorry, Jesse (2m 15s): Small outfit. Mark (2m 16s): Yeah, yeah, just a little bit. And I had had my real estate license at the time. And when we got the record contract, I remember, you know, this real moment of clarity of looking at how much money I was going to get as part of the contract that was guaranteed. And then how much money I had commissions pending with my residential real estate sales business. And I just was like, well, why would I sign this 14 to 20 year contract? Like that makes no sense. I'm, I'm going to be a slave. So went into real estate sales full time and had the opportunity to, to really start to understand business and learned about this whole thing called like a profit and loss. I never went to school for any of it. So it was kind of just a giant trial by fire and I'm kind of became obsessed. And then after that, it was just like, how much more could I could I build? It was just a constant pursuit of growth. Jesse (3m 8s): Fair enough. So you kind of run through the process, you're in music, which is awesome. What a, what instrument or where you vocals? What did you play? Mark (3m 16s): No, I was actually, I was, I played drums. I did sing background vocals, but drums was really my main contribution. Jesse (3m 22s): Nice, nice. I'm a big, big guitar guy. Just, just, just bought a, a PRS recently. And so I'm pretty, I'm having fun with that somewhere in the background there. So that's really cool. So RCA, I, like I said, it's not exactly a, a small outfit, so congrats on that. But even with that, you kind of look back and you start real estate as a path. So bring us up to speed today. I know that you're continuing to build wealth through real estate and you are LP on a few deals in various asset classes and running point or general partner on others. Maybe you could tell listeners a little bit about what that looks like and how that process kind of evolved. Mark (4m 3s): Yeah. So when I was in residential real estate sales, I spent a lot of time, you know, getting to run numbers on just single families. One thing that I was really fortunate to have was a family that was in real estate. So my, my grandfather was the main driving force and he owned a bunch of properties and I got the opportunity to work and be the, the, the assistant to the maintenance man. So I was like the guy that just said, Hey, there's a pile of trash, go over there, go take it and load it in the truck and throw it out. So I did that for a couple of years and, you know, that's what it took to be in the band and have the flexibility to be able to get up and go whenever I needed to, they either had to go for on the site or they didn't. So there, it was just a matter of, you know, as I made money and, and, and generated income from residential real estate sales, my grandfather always told me, you know, real estate sales, you know, will make you money, but it will make you rich. And I don't know if you've ever heard of the saying brokers died, broke because so many people in sales, they make good money in commission, but then they, you know, spend it all and they don't get into assets that help you defer some of those taxes Jesse (5m 19s): And build wealth. Mark (5m 20s): Yeah. So it really came down to saying, Hey, I want to, I want to be able to get paid while I sleep. And so I've started buying condos and single families. And because this was 2013, 14 when the market was, you know, really, really low and then just kind of wanted to grow it from there and got interested in the commercial loan space. And, you know, I lived on as little as I could without feeling like I was, you know, I'm going to say punishing myself. I wasn't like sitting there and eating ramen. No, I was never the ramen noodles guy. There's a lot of those people that, you know, they, I mean, I like pain, but I don't like it that much. Jesse (6m 0s): You know? And I don't understand that maybe we said Italian upbringing. I'm like, you know, pasta is just this chief. Mark (6m 5s): It is. But Robin noodles is pasta. It's just possible of sodium Jesse (6m 10s): A hundred percent, exactly. Dumping, just dumping a bag of salt in there. Mark (6m 16s): So I basically took it from, you know, just doing small single family and getting introduced to the concept of syndication I was trying to buy up. And it was just, I didn't have enough income. I didn't really know the way that the game was played. So syndication was my way to be a part of bigger deals. And I got, it was a, it was a question of bandwidth because you only had so much time to operate so many deals the right way to execute on them. And syndications for me were a way to keep my money moving at a good velocity without having to actually be the one driving the ship forward. Jesse (6m 50s): So in those syndications where you limited partner in like the first one, Mark (6m 55s): Yeah, I was an LP in probably seven or eight before I started on the GP side. Jesse (7m 3s): Yeah. Which is that's fascinating to me because some, some would argue that it's, it's easier to get into being the LPN and definitely in a sense it is right. You're just, you're just providing capital. But I think the analysis is for somebody that's breaking into the industry, it's pretty, you know, ballsy to just jump into LPs with, without doing your proper due diligence. And I'm not saying that you didn't, I'm saying a lot of people, they see an investment and then they go in and that's why we had Brian Burke on. He wrote the passive, I think it's passive real estate investor. Mark (7m 36s): It's a hands-off hands-on that's Jesse (7m 39s): Right. So we were both talking at the last BiggerPockets conference and what I found fascinating about this book, not just to plug it, it's just from the LPs point of view, which you never really read in a lot of these books. A lot of it is you're the GP you're running the deals. So that's pretty awesome. And then the other thing I, I feel in tell me if this is what you experience, I've told partners of mine before that we should be an LPN, this deal. And it's not necessarily because I think the deal is great. Is I really like the sponsor. I really want to see what, what he or she does with the investment. And you learn so much about, okay, they're using this software, oh, they're G they're doing updates this way. I, you know, the last person I invested in did, did them this way. So I feel like there's a lot to learn from somebody who has already established themselves as an LP. Was that kind of your experience in those first, you know, six or seven, whatever they were. Mark (8m 27s): So it's funny. I never went into syndication, investing, thinking I was going to be the guy syndicating. So I always went, I went into it because, you know, I could do my own deals. I knew how to run them. I knew how I knew how to pull the levers. I mean, it started as single family, right. Which is buy it at the right price, fix it and understand what the rental value is going to be at the end. Now, syndications do that same thing on a scale times, 100, 200 times. Right? So that's, it's the same concept, but it's kind of like if someone just gave you a graphing calculator and said, Hey, tell me what the graph looks like for this, you know, inequality, if you don't know how the basic calculus or algebra works behind it, then, you know, giving it, given that calculator is great, but like, you need to know how the, the math, how, what the long form version is. And that's what single family was for me was the long form version. Now that I'm in a syndication, it's like, okay, what are the levers that we're going to pull here? How are we going to pull them? How much do we need to pull in totality in order to get up to what we can project? And at that point, like, I can pretty quickly go like, all right, this, this will work. Or it won't. Jesse (9m 38s): Yeah. And I find that the one thing with single family and I I've had a very similar kind of history or, or path that you took. I mean, it can, it's very binary. It could go that you have a terrible experience or that you have a great experience in that is really predicated on the fact that you don't have a hundred tenants. You have one or two in a certain investment. So if it goes poorly, you feel like the whole thing is going poorly, where that the nice thing with apartments is you do scale it up and you're able to have economies and, you know, the losses, the winds help with the losses and things kind of even note. But I feel like a lot of it is, is that mental barrier, you know, when, when you're starting out buying that first condo, the idea of you owning 80 units is, you know, so far away from, from your reality. So tell us how you moved from. So you moved from kind of what you're doing originally in real estate, into being an LP on these deals of whatever it was, six, six to 10 or whatever you invested, what was the, your experience or what was your outlook after seeing different investors? Do these deals differently? Mark (10m 43s): I mean, you know, Brian Burke covered a ton of it in his book. So if you haven't read that, read that, I mean, it's, it's, it really sums up pretty much everything you need to know in more detail than you need to know it. So if I were to boil it down to brass tacks and make it really simple, I learned who communicates well, cause I value communication. If you don't communicate well, I don't wanna, I don't want my money with you. I like quarterly communication, monthly communications, just too much for me, because at that point, like I don't, if I wanted to have monthly communication, I'd be, I'd run the deal. I, I want to know that my money is okay, but I Jesse (11m 20s): Don't from the contractor. Mark (11m 22s): Yeah. I, yeah, not interested. I wanna, I wanna know, you know, who does what they say they're going to do. And by that, that can be with respect to distributions that can be with respect to execution of the business plan. There's different ways that that shows up, but I'm paying a lot of attention to do they execute and do what they say, do they deliver? Because so many people and anyone can put something on a spreadsheet, say here's what this is going to do. And this is gonna be worth X by this time. But if you don't go and see you, those, you know, quarterly execution updates, demonstrating that they're tracking performer, tracking their execution timeline. Even if the NOI doesn't track because the market's not, you know, didn't pan out the way you thought, but you're executing to the business plan. I'm not going to fall to sponsor for that. I just, wouldn't Jesse (12m 18s): Sorry. Go ahead. Mark (12m 19s): Those were the two, those were the two big things for me. And then I would say the, the third thing is you get to see who actually underwrites, conservatively, everyone, underwrites, conservatively. It's like, everyone leads with that. And when you Jesse (12m 35s): Conservative figures here, we're just going to change this exit cap rate here. And there's your 30% IRR. Mark (12m 40s): Yeah, exactly, exactly. It all. It all comes down to that. You get to see, you know, as the tide is going out here, I think we're starting to see the high water mark. You're going out. You're about to see who's swimming naked. It is going to it's it's gonna, it's going to come. Jesse (12m 58s): Yeah. Well, it it's to your point of, you know, I don't necessarily see that you're going to track exactly like your, you know, your memorandum or your deck. You showed everybody, but it is this idea of like communicating on a regular basis, tracking the progress. It sounds like when I hear guys like you talk, you can almost hear a sales background because if you're a good sales person and in this case, like real estate sales, the first, the, one of the most valuable a number of them, but one of the mentors I had, one of the most valuable lessons I ever got was listened, deliver bad news, quickly, deliver it fast. And you know, you, a lot of people try to run away from it, but listen, like, I'm going to give you a quarterly report. This is what's going on. I'm going to give it to you every quarter. I'm not going to try to run away from, with what's happening. We're obviously gonna make sure that, you know, things go as smoothly as possible. But I think communication is huge. And in the long run, even though it hurts those days where you're delivering bad, you know, bad information, it's important that you do that for your credibility. Mark (13m 58s): I don't, I would say not don't just deliver bad news, but deliver the solution, delivery, deliver your solution to the problem, along with the problem. Because, you know, coming from the days of residential real estate, if I went and delivered a home inspection report with a bunch of bad news and didn't provide avenues to solve it, then like there's full on panic. And everyone's like, wow, man, this is terrible. And people just go, you know, off the cliff into the deep end. Jesse (14m 28s): Yeah, no, I couldn't, I couldn't agree more. So let's get into a little bit about the LPGP relationship. So for those that don't know, I think most of the listeners are familiar with the general partner and limited partners. Basically try to give me your, your perspective of what you're looking for. Let's start on the LP side when you're looking at a general partner. So you talked about somebody who's a communicator, somebody who's going to be, you know, tells you what the, what they're going to do is, is in communication with you. But what are, what are a couple of red flags? You know, we can pull them from, you know, from Brian, but we've got you here and I'd like to get your thoughts on it. Mark (15m 8s): Yeah, here's what I would say. I always want to know what are the assumptions in the model? I always ask, you know, what are your rent bumps? That's a big one because you can go and make revenue look a lot higher than it really can and, and will be if you're over aggressive, I want to know. And that kind of goes along with how are you to creating the value? So is it through, you know, rent? Is it through adding additional square footage in self storage game? Or is it adding, you know, like converting units that, and, you know, chopping them up and making them a little smaller, but I also want to know, you know, what's your exit cap rate assumption. That's such a big lever. That's so just not understood it. The general person does not understand how exit cap rates are such a powerful lever in the value gaming Jesse (16m 8s): Return. Mark (16m 9s): Oh yeah. So that's a really, really, really big one. And if you don't know, the re the relationship net operating income divided by cap rate equals your asset value. So understand if you're going in buying, you know, a cap rate and it's, and it's hard to set it because just cause you're going in at a five cap on actual is there could be a ton of runway in the, in the, in the gross revenues because it's not being managed well. So, you know, sometimes people think that they're getting a steal, you're paying a high cap rate on something like that. But if, you know, as the operators, a ton of runway on the rent roll and fine, give them a five cap and just know that you're going to double the revenue and then you're going to sell it at a six, but the double revenue still generates the value. Jesse (16m 50s): Yeah. I think one thing I'd tell a younger investors or people that are trying to understand the, the usefulness and sometimes the work you should throw cap rates out of perfect illustration is you can have a building with a 1% cap rate. And it's an absolutely amazing investment because you, you have vacant possession of a building in a great market. So, you know, this idea of, of cap rate being the be all and end all, you know, you have to really factor it into our, are we a stabilized asset? Are we fully tenanted the other piece too, of, you know, just so listeners are following along with exit cap rate, or sometimes you'll hear it called the reversion if you're in, in college and finance right now. So this idea that you have to apply a cap rate to that last year, or say a five-year investment that last year net operating income, just like mark was saying here, that is an assumption in the deal. And the common wisdom is that that cap rate should be technically higher than your entry cap because the building has degraded over time or, or kind of, it has gotten older, the actual structure, not the land and that cap rate, you know, you can just do the math right now. If you have a million dollars NOI divide that by 4.5 or divided by 5.5, you're going to see a drastic difference in the valuation. And that's going to really affect the levered return on investment. So that's a great point. Are there any, w you know, when you look at an investor or an investment, and you're seeing the, the debt side of the equation, the mortgage, what do you like to see there? Is there anything that you're looking out for that you're keeping your eye on specifically? Mark (18m 22s): I mean, I'd like to understand recourse, is there recourse on it or is there not because if there's recourse on it, you know, the person who's running the deal has more skin in the game because when you're an LP, generally, I'm not going to say always, but pretty much always you're at risk. Capital is only the capital, the equity you contributed to the, your LP position. Whereas the sponsor who's on the GP side, they're the ones taking the risk, signing on the debt. So most, you know, most, most people in, in multi-family, and, and in like industrial, they're going to go for CMBS or life insurance company, life code debt, and they're going to go for non-recourse, which is smart. It's very smart. But if someone like self storage, a lot of times we're going for like regional banks and regional banks don't want to give non-recourse, they'll give partial recourse. Yeah. So I still have skin in this game if I don't do this thing. Right. And versus someone on a multifamily, if the project totally goes sideways, they hand the keys back and go, Hey, sorry, this is your problem. Like, I tried my best. And you as the investor who put up the check, you're out the money and the guy who ran the deal just lost the reputation. I mean, that's, that's what you're really losing, but they didn't lose cash. So to speak. Jesse (19m 41s): Yeah. That's a great point. I, the last investment that we were running GP on, I remembered speaking with an investor and he said, and it's not a dumb question. It's a, it's a logical question. They said, well, you know, how much are you investing personally? You know, I thought it would be more. And I said, my answer to him was, listen, it's, it's the wrong question. I'll answer it. But it's the wrong question. And I'll tell you why. So I tell him how much we're investing in the deal. But then secondly, I'm saying that we're signing on this debt and it's, this is, this is not debt. This is basically my unborn kids. If everything goes wrong here, that's what gets affected because we're personally guaranteeing the debt. I th that's a question I think is important because at the end of the day, if I know that the GP is really, like you said, has complete skin in the game, that changes the dynamic for me, for sure. Mark (20m 30s): Yep. Yeah. I mean, and, and honestly, like I, especially right now, I will want to see lower leverage. Multifamily investments have been going 80% with a 24 month IO interest only period. And on a 30 year amortization schedule. So talking high leverage with very little principal pay down with, so your 30 year, the higher your amortization period, the, the slower you pay down your principal loan balance. And then when you go and you add a 24 month interest only period on the front of that, you're paying no principal for two years, and then you're paying small principal for the three years. So if you're holding it for five years, you're really banking on the market to go up. So at the time of disposition, you're not in disposition to sale, you're not in a place where you're going to get, you know, you're gonna be under underwater. And then at that point, you're you got a deficiency. So you're paying to sell the property, or you're having to refi at that. Five-year mark. So I, I hate high leverage right now, like 80% leverage scares the shit out of me and interest only periods on loans. Also equally terrifying right now for me, unless you're at a super low leverage point. Jesse (21m 46s): Well, it's like when you describe it that way, you're like the big short 2.0 there where you have like this balloon, or, you know, you have an IO period. And then all of a sudden it kicks into to have whatever you're looking for, stabilize that after that. But I think, I think what we've learned over the last six months, or even shorter than that with interest rates is that LTV is important to a certain extent. But what most banks that we're dealing with, what they're looking at is that service coverage right now, how much more do you have to pay then than your actual servicing of the, of the mortgage or debt. And I think that is a, probably a prudent way to look at it, but yeah, I think, I think you're right. I think most of the going forward this next year, I think these high, these individuals or companies that are doing very high loan to value are kind of setting themselves up to potentially be in a little bit of trouble if you know, the economy goes the wrong way. Mark (22m 39s): Well, and so then the question becomes, okay, so let's say you got a five-year term with a 24 month IO at 30 year am. Well, do you have extensions beyond that? That will allow you to go and buy some time if the market doesn't, you know, the market's not cooperating with your exit timeframe that you originally intended. So that's understanding, you know, the ability to have extensions on the backend. Can you buy an extension or does the rate reset? Meaning like now you have to go and go to, you know, whatever prime is or prime plus, whatever the agreed upon amount is in the loan docs. And this is the thing until you operate, actually, you don't even know how to answer these questions. You don't even know what this shit means. Let alone have the ability to ask the question to be able to actually ascertain that answer. Jesse (23m 29s): Well, I, like you said earlier, just go on a podcast, here's your credibility. So I want to kind of jump to what you're kind of looking at right now. What are deals? You know, what, what's your target and are you doing more self storage? You're looking at apartments, Mark (23m 46s): We're all self storage. I mean, you know, with hearth fire, all we do is self storage. That's, you know, singular focus. I mean, we just want to go and be fantastic in that space and just crush that space and know it inside and out that said the challenge right now is with rates ticking up, the more money you borrow, the bigger the deal, the rate hikes are because it's compounding a problem. So on a mortgage, as a residential, and you're borrowing 250 or 300,000 bucks, that's such a big deal. It does impact, but not a huge deal. If you're going to borrow 5 million bucks that little, you know, half, half a point and rate can really impact your, your, your monthly debt service. And at that point, it impacts what you can pay and your debt service coverage ratio and what you can pay for, for the property. And right now, sellers, haven't adjusted to Jesse (24m 45s): A hundred percent Mark (24m 46s): New debt terms like seller sale price expectations are still at, you know, all time low rates. And there's a gap right now. And the thing is, is there's a lot of stupid that hasn't burned off yet. There's a lot of people still paying way too much. Yeah. I don't know when that stops. So it's like, we're just in a mode of sticking to our guns, putting in LOI, but being patient. Jesse (25m 9s): Yeah. It's very, yeah. The price that pricing is so sticky because people, once they anchor to it, like, you know, just for on the kind of the sales side with real estate, once you stick to a price, you do not want to come off it. We have clients right now that we're actively, you know, we've marked down some prices depending on the asset class, but people are starting to say, well, here's my offers here because cost of capital is going up. And our clients are just like, no, like the prices that shouldn't affect price at all. It's like, no, it does. And it should. But the fact that there's that disconnect. It'll be interesting to see how long this lasts. If we, if we stay in this kind of environment, even if the interest rates kind of stay stagnant, I feel like the prices have to reflect, have to adjust to it. But I think it's definitely the, there is a time period where people do not want to mark down because they're just used to what we've been living through for the last 10 years, to be honest. Mark (26m 1s): Yeah. It'll be real interesting. I mean, we've been up until the right fence 2012. And so there's a lot of sponsors, syndicators, whatever you want to call it that have operated like crap that have gotten away with poor execution and poor operations and poor, poor deal management. And now that pricing is reverting and you're going to start. And I mean, I don't know. I think we're right now, we're kind of at the crest and now people are questioning like where value sits, right? This instant, which whenever there's uncertainty in pricing, that usually means a price. The pricing is going to start to come down and how much it comes down, who knows that depends on rates and how much move, but prices are going to come down. And it really boils down to like, if you don't execute well on your business plan and you leave money in the table as a respect to your NOI, when it comes time to exit, it's going to cost you and that's going to be, that's going to cost investors that returns. Jesse (27m 1s): Yeah. Yeah. I couldn't agree more. It's it's so hard to kind of do the analysis on, from an economic standpoint where we had Peter Lindemann, who's a professor at warden. He kind of wrote the book on like real estate finance. And we're talking about the economy and we have these k
Celebramos dos años al aire gracias a ti que me escuchas semana a semana, no hemos fallado semana a semana y hoy 27 de mayo quiero festejar junto a ti dos años al aire de Detrás del Volante, y en este episodio platique con Emilio López, Gerente de producto de Mazda de México, para que conozcas más sobre este nuevo modelo turbo dentro del portafolio de la marca. Primero se incorporó el Hatchback, después CX-30 y ahora esta opción que muchos estaban esperando. Recuerden que la pandemia nos ha perjudicado a todos y a las marcas de autos también. Platicamos con el especialista para que conozcas las diferencias de este motor turbo y de toda la tecnología con la que cuentan los vehículos de Mazda. También nos explica las nuevas tecnologías incorporadas en los modelos Mazda 2, Mazda 3 y CX-30 que son las opciones Myld Híbrid, para ir conociendo más el proceso de electrificación que será de manera gradual en esta marca tan reconocida por su diseño, calidad y desempeño. Disfrútalo y gracias por acompañarme estos dos años en este podcast Detrás del Volante con Leslie que lo puedes encontrar en casi todas las plataformas y gracias por festejar junto a mi escuchando cada episodio.
Sergio y Beto discuten sus preferencias entre estos tres sedanes deportivos. ¿Cuál es la mejor opción? Este duo platican pros y contras de cada uno de ellos.
We have been talking with Bobby Sparkman about a 3-day event coming up April 28 - May 1, 2022 that is sure to be one of a kind. We are talking about starting in Victoria, Texas, and for three days, roll across Texas with stops at some historical sites, some drag strips, some museums and it also includes a night at the drive-in. The route has been determined and cities and towns along the way are all in!Bobby joins us on this episode of In Wheel Time Car Talk for an updates on the final plans.In our feature segment, Jeff Dziekan has been looking around the Pre-owned Showroom and he found the Mazda3 - a compact model first introduced as a 2004 model.----- -----In Wheel Time Car Talk is now available on iHeart Radio! Just go to iheart.com/InWheelTimeCarTalk whereever you are.----- -----Be sure to subscribe on your favorite podcast provider for the next episode of In Wheel Time Car Talk and check out our live broadcast every Saturday, 8a-11aCT simulcasting on YouTube, Facebook, Twitter, Twitch and InWheelTime.com.In Wheel Time Car Talk can be heard on you mobile device from providers such as:Apple Podcasts, Pandora Podcast, Amazon Music Podcast, Spotify, Google Podcasts, Stitcher, iHeart Radio podcast, TuneIn + Alexa, Podcast Addict, Castro, Castbox and more on your mobile device.----- ------ ------Want even more In Wheel Time Car Talk in 'real' time? Follow InWheelTime.com for the latest updates!Twitter: https://twitter.com/InWheelTimeInstagram: https://www.instagram.com/inwheeltime/Facebook: https://www.facebook.com/InWheelTime/ YouTube: https://www.YouTube.com/InWheelTimeTags: In Wheel Time, automotive car talk show, car talk, Live car talk show, In Wheel Time Car Talk,
You've found the Winding Roads podcast, hosted by Jason and Isaac! We're two friends who are sitting in the driveway just chatting about cars over some drinks, while two of our favorite cars are sitting behind us shining in the sun. We never know where the conversation will go, but we hope you join us!Support this podcast at — https://redcircle.com/the-winding-roads-podcast/donations
Today's episode starts with some fun conversation but we eventually get into some car stuff. Been a while since we've done one of these, we hope you enjoy it. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/earjunkies/message Support this podcast: https://anchor.fm/earjunkies/support
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