Podcasts about real estate espresso

Today's show is another in our beginner series. We have people in our lives who are still in the learning phase. The audience for the Real Estate Espresso podcast is a sophisticated audience. Many of you own large portfolios of properties. But you probably have people in your life who are less experienced. Where do they go for information? So many of the information sources that are focused on the rookie investor in my opinion leave a bad taste in my mouth. So these few shows a month focused in the beginner series are designed to help investors who are still learning.  On today's show we are going to be looking into the so-called wave of distressed properties that are supposed to be hitting the market. Where are they? It seems like they are nowhere to be found. If you do find them, what is the seller looking for in a buyer? In order to answer this question, let's break down the properties that are coming on the market today into a few different categories. To be clear, I speak regularly with commercial brokers across numerous markets. So what I'm discussing today is not just my opinion, but observations from commercial brokers in large markets. For the purpose of this discussion, I'm going to focus on multi-family apartment projects. Property sale listings are falling into four distinct categories:Some apartment complexes are owned by investment funds that have a specific mandate. For example, they may have been purchased with a five year horizon. That means the fund is looking to start divesting of those assets. There are those who are upside down and don't have a path to permanent financing that makes any sense. There are the tired landlords that have been holding a property for a long time and have no succession plan with a family member to take over the business. There are some owners with a portfolio who will choose to sell an asset in order to raise cash to solve a problem on another asset. Each of these sellers has a different criteria for selling, and therefore is looking for something different in a buyer.-----------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

When the interest rates rose faster than they've risen in the last 40 years… Most developers rushed to pause their projects, waiting for markets to stabilize. But as we're now into 2025… The smartest operators are quietly repositioning those same deals to take advantage of unique opportunities. Today I interviewed Victor Menasce, who has been in the real estate business for more than 25 years... He explained how he paused multiple projects in 2022, then completely reconceived them for today's market. Tune in to this episode to learn what developers are planning for the next 24 months... Victor has been full-time in real estate since 2009 and hosts the Real Estate Espresso podcast, approaching its 2,500th episode. In today's video, he breaks down: Why oversupplied markets like Austin, Nashville, Houston and Dallas will need 24 months to recover How to reconceive projects when the original numbers no longer work The critical importance of buying land with little to no debt Why hyper-local perspectives matter more than broad market trends The surprising lessons he brought from his tech career into real estate Plus, he reveals why many value add projects are underwater right now... If you want to understand what's really happening in development right now... Listen to the episode now. Take Control, Hunter Thompson Resources mentioned in the episode: Victor Menasce Podcast Interested in learning how to take your capital raising game to the next level? Meet us at Capital Raiser's Edge. Learn more here: https://raisingcapital.com/cre

In this episode of Accelerating Careers in Real Estate ESPRESSO, host Nick Carman revisits the career journey of Mark Woodrow recorded in the winter of 2020, then joint Managing Director of Packaged Living. The discussion reflects on Woodrow's experience during the 2008 financial crisis while working at Grainger, where he witnessed significant challenges but also embraced opportunities that shaped his career. Mark and co-founder Ed Ellerington navigated these tumultuous times, leading to the establishment of Packaged Living, a leading BTR development investment company. The episode highlights Woodrow's resilience, the evolution of the build-to-rent sector, and the strategic growth ambitions of Packaged Living, set against the backdrop of the 2020 pandemic.00:00 Introduction to Accelerating Careers in Real Estate00:45 Mark Woodrow's Early Career and the 2008 Recession03:07 Grainger's Recovery and the Rise of Build to Rent06:42 The Formation of Packaged Living08:42 Ambitions and Future of Packaged Living10:06 Conclusion and Final Thoughts Hosted on Acast. See acast.com/privacy for more information.

On today's show we're dissecting yesterday's Fed rate cut announcement and what it means for us as real estate investors. The most meaningful part of the press conference was during the Q&A period when Chair Powell said that members of the FOMC shared their view in an informal poll. 17 out of 19 members said that they thought three more rate cuts would be appropriate in the next 12 months and that 10 out of 19 said that four more rate cuts would be appropriate in the next 12 months.Of course this informal poll of the members doesn't identify which 12 members are the actual voting members at the time. Nor is it a commitment on a position in the future. Chair Powell was careful to say that they are making data driven decisions on a meeting by meeting basis. There is an interesting paper published by the Fed which links rate announcements to bank rates for certificates of deposit. Here is the link to the paper https://www.federalreserve.gov/econres/feds/files/2014108r1pap.pdf The announcement is extremely helpful when it comes to investor psychology. It's much more credible to have the Chair of the Federal Reserve  Saying that rates are falling than say the host of the Real Estate Espresso podcast predicting a fall in rates. None of us have a crystal ball, not even Chair Powell. But if Chair Powell is saying that Fed officials are predicting 3-4 more rate cuts in the next 12 months, we can include that in our investor communications. That doesn't mean our borrowing rates will fall in reality. But the direction is at least somewhat clear.  ------------- **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

So welcome back to another episode of Accelerating Careers in Real Estate ESPRESSO series. Back in the autumn of 2020 I got to sit down with James Pellatt who at the time of talking was Innovation Director for one of London's largest commercial landlords Great Portland Estates, a title he had carved out based on what he had learnt and thought he could better contribute following a career as the project leader for delivering world-class buildings.James shares his experiences from his initial steps as a chartered building surveyor to his influential role in shaping London's commercial real estate landscape. He reflects on the challenges and triumphs of managing significant projects, the evolution of his career, and his insights into the future of workspace innovation."I was so far out of my depth. It was late, had all sorts of issues, but everything I learned from that project, I have applied to my career ever since, even to this day." - James PellattCome and join our LinkedIn community: https://www.linkedin.com/groups/9054319/Leave a review on the platform of choice if you've enjoyed this episodeKey ChaptersIntroductionThe Early Days and First Project Management ExperienceThe Northcliffe House Project and Lessons in ResilienceCareer Progression and the Desire for InfluenceOvercoming Stress and Personal ChallengesThe Analogy of Stress and PersistenceTrusting the Team and Embracing InnovationThe Decision to Leave Comfort for GrowthThe Impact of Innovation and Smart Buildings Hosted on Acast. See acast.com/privacy for more information.

Victor Menasce is the Senior Partner of Y Street Capital and in this special session we discuss his predictions (or “deductive reasonings”) about the macroeconomy. We discuss wealth preservation, investment partnerships, international currencies, and foreign exchange (in both monetary terms and building materials!). Watch us live on LinkedIn on the first Friday of every month at 5 PM ET, or listen to Victor daily at The Real Estate Espresso podcast - wherever podcasts are subscribed to! Highlights Deductive reasoning instead of crystal ball predictions. Analyzing economic adjustments and manipulations. Nearshoring and the global search for new markets. Finding significant savings in construction materials. Predicting excess global manufacturing capacity rationalization. Episode Resources Connect with Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org Robinson465@hotmail.com TheRentButler@gmail.com Connect with Victor Menasce https://ystreetcapital.com/victor-menasce/   Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with Deezer

EPISODE 137: Real estate is one of the best opportunities to create wealth and achieve financial freedom.  However, without a good plan and initial capital, it can be very difficult to get into this industry… That's why today, I'm joined by the one and only Victor Menasce, who will explain exactly how to raise capital and find the most profitable deals out there.  Victor specializes in building new homes in urban developments in various domestic and international markets. He is also the host of the Real Estate Espresso podcast, with a new episode every day. In this episode, you will learn everything you need to know to start your next great venture! Tune in.     Key Takeaways: 00:00:00 Intro  00:05:04 The auction environment explained 00:08:58 Finding the right projects 00:14:12 Raising capital for real estate investments  00:18:15 Buy the line, move the line 00:22:07 Outro   —   Get in touch with Victor Menasce:  

Victor Menasce wrote the book on capital raising for any worthy venture with "Magnetic Capital". His podcast, The Real Estate Espresso, is a top-notch resource for you as an investor. He interviews Robby here in his classic 15-minute structure. Enjoy! Highlights Why Robby chose to work for Y Street Capital Robby's observations of the company from the inside Thoughts on continuous growth within an organization Overview of feedback received from investor relations Robby on his approach to engaging and understanding investor needs The importance of truth in transactions and decision-making Robby's experience in handling both small-time and institutional investors Episode Resources Connect with Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org Robinson465@hotmail.com TheRentButler@gmail.com The Real Estate Espresso Podcast Episode: https://open.spotify.com/episode/0w4yWkd8KJcnkqvEC5GTkC?si=ffb33603550b4800&nd=1  Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with Deezer

Today Jonny speaks with the Godfather Of Blockchain Real Estate, Co-Founder of The Blockchain Real Estate Summit, CEO of Liberty Real Estate Fund, and Principal of Concordia Realty Corporation, Michael Flight. Michael also hosts the Nothing But Net Show podcast together with Adam Carswell.They discuss:1. What is Blockchain real estate investing?2. Issues in tokenization3. RisksMichael is a real estate entrepreneur who is an expert in Retail Real Estate (Shopping Centers and Single-Tenant Net-Leased) investment, leasing, operations, and redevelopment. Michael has been active in commercial real estate over the past 34 years and has handled more than $600 million worth of real estate transactions. Michael has extensive experience in development, leasing, sales, property management, and innovative financing techniques, including Security Token Offerings (STO).Michael has been featured on The Real Estate Guys Radio Show, Cash Flow Connections podcast, the Real Estate Espresso podcast, and Buck Joffrey's Wealth Formula podcast, to name a few. Michael is also a well-known speaker at FreedomFest, Investor Summit at Sea, the Intelligent Investors Real Estate Conference, the Multifamily Investor Network Conference, and the Liberland 5th Anniversary Conference. He is a published author who has been recently and was featured in the #1 Amazon bestselling book: DESIRE, DISCIPLINE & DETERMINATION (2019). He is currently finishing a book on the benefits of Single-Tenant Net-Lease (STNL) real estate investments.Michael has been elected to public office and is currently serving in his third term as treasurer of the Riverside Public Library. He also serves on the real estate investment advisory board of Chicago Hope Homes. He is a founding board member for Freedom of Life (Asociata Umanitara Libertatea De Viata), a Romanian NGO helping women achieve liberty and build new lives while recovering from human trafficking. Learn more about Michael:Website: https://investonmain.com/Get Michael's Special Report: https://investonmain.com/real-estate-tokenization-report/Join the Blockchain Real Estate Summit: https://blockchainrealestatesummit.com/Connect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/Jonny's Instagram: https://www.instagram.com/jonnycattani/IRR Podcast Instagram: https://www.instagram.com/theirrpodcast/TikTok: https://www.tiktok.com/@jonnycattaniYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9keABhJzt0AFacebook: https://www.facebook.com/jonathan.cattani.1

Get our wealth-building newsletter free—text ‘GRE' to 66866. Money is an abundant resource, not a scarce one. If you believe that money is so scarce that it's more valuable than time, I provide the solution to that quandary today. Today's guest, Victor Menasce, believes that today's macroeconomic environment dominates local stories. We discuss how to navigate today's higher mortgage interest rate environment. Banks could be on the brink of a concerning liquidity crisis today. Should central banks set interest rates or can free markets perform that role better? Learn what financial actions you can take in this era of global instability. Resources mentioned: Show Notes: www.GetRichEducation.com/422 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code “GRE” for 10% off): MyPropertyStats.com  Memphis property that cash flows from Day 1: www.MidSouthHomeBuyers.com I'd be grateful if you search “how to leave an Apple Podcasts review” and do that for the show. Listen to Victor's Real Estate Espresso podcast. Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don't Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold  

Want a free CRE loan quote? https://quote.peakfinancing.com/quote-request Real Estate Investing in the United States as a Canadian with Victor Menasce Victor Menasce is a seasoned executive having held senior roles in both private and public technology companies (Applied Micro Circuits, Tundra Semiconductor, Somerset Technologies, Wavesat, and Nortel Networks). More recently, Victor has specialized in real estate development projects across the US and Canada as the Managing Partner at US Real Estate Partners. His projects include in-fill apartment buildings in Chicago and Philadelphia, land development in Toronto, and workforce housing and apartment complexes in Louisiana. Victor is the author of two books on investing. His most recent book, “Magnetic Capital” has received critical acclaim from notable specialists in raising capital and business development. A frequent guest on radio and TV, he is called upon to speak on investment strategy. He's the host of the Real Estate Espresso podcast. Today, Victor will share his expertise and experience as a US real estate investor from Canada. He also talks about his new book, Magnetic Capital, that shows how to raise capital for any venture whether it is in the USA, Canada, or anywhere in the world! Anton and Victor will discuss: Investing in the USA out of Canada Picking markets based on the best upside opportunities Price appreciation over the last decade caused him to shift from value add acquisitions to developments Building what the market wants, whether it is multifamily or single family/town homes Differences of developing in Canada vs. USA Assembling the right team is crucial How to be on the winning side of inflation How to build lasting relationships with partners and investors 5 key elements to successful money raising Anton Mattli CEO of PEAK Financing anton@peakfinancing.com https://peakfinancing.com/ Victor Menasce Managing Partner US Real Estate Partners Author Magnetic Capital Host The Real Estate Espresso Podcast www.victorjm.com Peak Financing Facebook Page - Like to receive episode updates and more! Peak Financing YouTube Channel - Subscribe to receive episode updates and recently featured! Peak Financing Official Website - Peak Market Watch Episodes Follow PEAK Financing FB: https://www.facebook.com/peakfinancing/ Twitter: http://www.twitter.com/peak_financing LinkedIn: https://www.linkedin.com/company/peak-financing/ Instagram: https://www.instagram.com/peakfinancing/

Victor Menasce is a developer with projects in multiple cities. He also hosts the daily Real Estate Espresso podcast. In this episode, Victor shares how the new construction strategy allows him to deliver the product the market wants and gives him a fair share of the profit. He talks about infill and how you can take advantage of it by adding value to make money. He also shares what his book ‘Magnetic Capital' is all about in terms of raising capital — how the five elements should be present to make it easier to find the money for your deals. Otherwise, if one of them is missing, then you have difficulty making people invest with you. Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/ What you'll learn in just 17 minutes from today's episode: Discover an investment strategy that lets you create a product that is going to be in high demand when completed and gives you a decent amount of profit without having to pay too much Find out the five elements that need to be present to make the process easier when raising capital Find out what opportunity lies between the suburbs and downtown that you can add value on and make money from Resources/Links: www.victorjm.com Topics Covered: 01:00 – What his main investment strategy these days 02:52 – Making sense of ‘Buy the line and move the line' 06:00 – Talking about infill 07:28 – Examples of projects he has done that moved the line 10:38 – The calculated risk you deal with moving the line properties 13:39 – Why he wrote the book, ‘Magnetic Capital.' 14:19 – The five elements of raising capital 17:47 – Why you've got to align the money with the goals of the project Key Takeaways: “I just don't like being in that auction environment. Whereas, if we're building something brand new that's going to be in high demand when it's completed, I can come up with the concept, develop something that's got a decent profit margin — be it for a long-term or short-term, depending on what the desired exit strategy is.” – Victor Menasce “We just love new construction. It's very controlled, we get to deliver the product that the market wants. So, there's not even a question of, `improve these kitchens and bathrooms, ‘is it going to do enough to juice the rents'; we're delivering the product that the market wants today.” – Victor Menasce “People want to invest with people that they know, like, and trust. If you're going to focus on getting to know people, especially people with money, focus on relationships.” – Victor Menasce “You've got to establish trust; it's a psychological contract. It's not just, are you dealing with an honest person? It's, are you able to put together a good plan? Are you able to execute the plan are able to hire the right people? Can I trust you to communicate in an open and transparent way? Can I trust you with my money and on and on and on. If any one of those elements are missing, it doesn't work.” – Victor Menasce “Show me that you know how to be successful. Show me that if you screwed up, how did you handle it, and what did you do to make it right? Track record is vitally important.” – Victor Menasce “Align yourself with people in your team that have that track record.” – Victor Menasce “You've got to have a compelling opportunity. This is where most rookie investors start, they say, I've got a deal, it's all about the deal.” – Victor Menasce “You've got to have perfect alignment between the goals for the project and the goals for the money.” – Victor Menasce Connect with Victor Menasce: www.victorjm.com Facebook Connect with Dave Dubeau:  Property Profits Podcast  www.davedubeau.com  www.investorattractionworkshop.com  Facebook  LinkedIn  Enjoyed the Podcast?  Please subscribe on iTunes for updates 

Thanks for all your valuable insight into real estate investing through the Real Estate Espresso podcast. I was curious your thoughts about investing in an apartment building right now. Do you think it’s a strategic time to buy since there seems to be low demand for living in an apartment with the recent pandemic subsequently lowering an apartment building’s value therefore getting a better deal? It is so difficult finding a single-family property that you can justify buying as an investor because they are so expensive right now. Since single-family properties have a high comparative market analysis driving up value, do large multi family properties have a low income value right now? I am assuming that people will slowly begin to return to apartments and with credit being so cheap and possibly having little demand for apartments it might be a formula for a good investment. What are your thoughts? Thanks! Allan, This is a great question. I’m going to reframe the question somewhat to make a couple of distinctions. As worded, your question is a little too general. In some ways it seems like you’re asking if there are bargains to be found in the apartment market. Part of your question is focused on choosing between investing in apartments versus single family homes for rentals. I don’t view the tradeoff as a yield related tradeoff. They’re fundamentally different products. Real Estate always is hyperlocal. It is true that there is a high vacancy rate in high rise apartments in New York, San Francisco, Seattle, and Toronto. These situations are temporary in some cases, and point to a problem in others. Determining whether the investment conditions are favourable depends on three main factors. The local submarket conditions The local boots on the ground team you have performing your project management and property management The specifics of the deal. Your question is an over-simplification of the issues which need to be looked at in a more holistic manner. If you pick a market like NW Austin or Downtown Nashville which are undergoing significant growth, then one set of market dynamics are at play. Demand has exceeded supply by a wide margin and home affordability is an issue. This is creating increased demand for rental product. Eventually, supply may catch up to meet the demand, and could possibly surpass the demand. A deep analysis of the local submarkets is essential to determine the current supply / demand situation and to forecast what is possible in the 5-10 year horizon in terms of supply and demand. There is no question that there is a lot of institutional money chasing too few opportunities which is creating demand for well managed stabilized product. Investors in search of yield have bid up the prices for these stabilized apartment complexes. Over time, the high quality assets have been snapped up and prices have increased for lower quality assets as money went in search of yield. I personally would not invest in markets with shrinking population. That was true pre-pandemic and it’s still true today. If you do choose to invest in a market like, say NYC or Chicago, be aware that you’re making a bet about market trends reversing direction from the past several years. Chicago has lost population consistently over the past five years for reasons that could be considered underlying and systemic. There are issues with crime, high taxes, anemic employment growth, all of which have contributed to people leaving the city in search of greater opportunity. Our criteria has hardly changed at all over the past 5 years. What has changed are the underlying market conditions. Some areas have become more favourable for investment, and others have become less favourable for investment.

Hey guys! Check out my interview on Real Estate Espresso with Victor Menasce. Show notes are below. -- Adam Carswell is with Concordia Realty, specializing in anchored shopping centers. His story is how someone with little experience came into the world of commercial investing by adding value to the business. Adam can be reached at carswell.io. --- Support this podcast: https://anchor.fm/dreamchasers/support

Today's show is an extract from a talk that I gave at a thought leadership conference in Toronto on Jan 23. If you've ever want to know how the show is put together behind the scenes, this is the show for you. Enjoy...

On this episode, I'm talking to my good friend and mentor Victor Menasce. Victor is a commercial real estate investor, coach, and host of the daily podcast Real Estate Espresso. Today he'll explain how he grew his podcast from 0 to over 500,000 downloads in just two years with advice on how he records and scripts his show, structuring a podcast to stand out from the crowd, and how to use a podcast to increase visibility in your industry and build better relationships.

Thank you to all the loyal listeners. Producing a show each day has turned into a labor of love for me. I truly appreciate the letters and emails that I receive from you. I’d like to read a message I received earlier this week from Dr. Kevin Hsu in NYC. He writes, Dear Victor. My main reason to contact you was just to say thanks for sharing your insights. I just found your podcast in the past couple weeks. I appreciate your message about the 5 principles and there is a correlation with my field. My Patients’ compliance is affected by how much trust, and relationship there is. The idea of never “selling” my patients any procedure is dear to my heart. Treat them how I treat my mom. If I educate them properly they will come to me when they decide they need the procedure. After reading Rich Dad Poor Dad maybe 15 yrs ago during residency. I admit I didn’t really put it into practice. I only recently started listening again after a friend approached me about a syndication. Since I didn’t know much about it I wanted to educate myself. First place I went was Kiyosaki’s podcast/YouTube. First one I heard was your interview on Assisted living. Then went to your Real Estate Espresso podcast and heard your interview with Josh McCallen on work family balance. I thought it was so relevant and positive. Thankfully I have a wife who is practical and keeps me grounded. :) Then I listened to your interview with Dr. Jeff Anzelone, and another light bulb went off in my head. I thought Wow! Jeff is describing what I’be been through. Med school loans. Pay them off and now what? So I contacted him and we had a great phone chat last week. In summary as I embark on a rejuvenation to learning principles of cash flow, just wanted to say I can’t thank you enough for your teaching, and being an example of a businessman who is a family man. I’m also glad I didn’t just google “real estate” or something and end up on some random scammer site but rather got plugged into podcasts of trustworthy investors like yourself. Thank you so much and Merry Christmas to you and your family! Thank you Kevin for the kind words and it makes me happy to know that the show is having an impact. Congratulations on continuing your own personal and professional growth. I know so many professionals who worked really hard in University, and then once they got into the workforce, they stopped learning. I truly believe that personal growth is one of those fundamental daily needs like food, water, love, and oxygen. As business people, as entrepreneurs, there are only a few genuine places where these conversations are happening. I’m glad that the podcast is starting a conversation. As much as the podcast exists online, the real world is offline. Finding like minded people is truly where the journey starts for me. I like that you didn’t consume the podcast passively. You took action and reached out to one of my guests. Very few people do that. It’s easy to think of a book as an inanimate object, or a youtube video as a piece of content. A podcast is just a show. I don’t think of it that way. In fact, as I look at the bookshelf in my office, it turns out that 3/4 of the books on the shelf, I know the author personally. That’s pretty unusual. Many of the books are signed by the author. Even though I have read the books, I can’t seem to part with them. The signature on the inside jacket represents a personal connection with the author. There is an endless supply of learning. I spent this morning reading and incorporating the learning into myself. It’s amazing how these little steps, one by one, little by little, add up over an extended period of time to move you. Darren Hardy talks about this in his book the Compound Effect.

Victor Menasce is a business management expert and a real estate and syndication pro. He is the author of Magnetic Capital, and host of the popular The Real Estate Espresso Podcast. We jump right in with Victor as he talks about his podcast and the importance of focusing on your audience. He then speaks about his extensive experience as a manager in tech and startups, and how it led to his drive to do real estate. We learn the importance of delegating work and responsibility, and the business of managing remotely. Victor stresses the importance of building your human capital, finding the right fit, and understanding the mindset of the investor. We also dive into the seven job responsibilities in any business, and the most practical way to fund a startup. Reference Links Victor’s Website http://www.victorjm.com/ The Real Estate Espresso Podcast http://www.victorjm.com/podcast/ Victor’s Email victor@victorjm.com Magnetic Capital Book https://www.amazon.com/dp/1537531581/ref=sr_1_1?ie=UTF8&qid=1505332731&sr=8-1&keywords=magnetic+capital+book Real Estate Guys Radio https://realestateguysradio.com/ Don’t Quit: Stories of Persistence, Courage and Faith https://www.amazon.com/Dont-Quit-Stories-Persistence-Courage/dp/0998312584/ref=sr_1_1?keywords=Don%E2%80%99t+Quit+book&qid=1570818174&sr=8-1

“I'm starting with a blank sheet of paper. I'm not looking to find a deal, I'm looking to create a deal.” – Victor Menasce Victor Menasce is an Ottawa based developer who is active in multiple markets across North America, specializing in new construction of multi-family apartments. He walks his talk in the book he authored "Magnetic Capital: How to Raise All the Funds for ANY Worthy Project” and he is also the committed host of his daily podcast “Real Estate Espresso”. With a 25-year career in the technology industry as an electrical engineer and executive, Victor had a hectic life with business and travel until the day he decided he needed a change. Victor saw that opportunity within real estate and hasn't looked back. He is the Vice President of the Ottawa Real Estate Investors Organization and finds his centre in building businesses and spending time with his wife and family.    Show Notes [02:05] Patrick introduces his next guest, Victor Menasce. [04:14] Victor and Patrick get rolling on their second take of this conversation! [04:54] Victor offers his elevator pitch and how the two primary worlds he's lived in professionally blend into each other so well. [06:48] With his real estate developer hat on, Victor describes how he found himself on that winding path starting in Philadelphia, and the business approach they took to incrementally build on their experience and investments. [09:16] Victor explains where their developments are primarily located, why they chose the area and what his strategy is: buy on the line, move the line. [12:20] Patrick relates this strategy to a similar REIN fundamental, buying in areas of transition and watching the values increase over time. Victor takes it a step further to BE the catalyst for transition. [13:42] Describing a project success, Victor relates how they built in a geographic area they thought may be too far from “the line” but with income projections now exceeded it brings huge value improvements to the building, their cap rates and their clients' investment returns. [15:20] Supply, demand and affordability dictate a broader population moving from city centres like Vancouver and Manhattan out to more affordable hubs with greater lifestyle advantages. [16:52] Along with considering the economic fundamentals of an area, Victor provides an example of how they address the needs and the gaps of the end user to tailor their product, which ensures their longevity and success in the market. [20:15] A well-rounded project team helps to have a comprehensive understanding of the heartbeat of a marketplace and sets everyone up for success. [22:21] A craftsman, Victor's unique and successful approach lies not in finding a deal, but in creating a deal. Seeing a broad landscape of opportunity vs. a tight, single shot also diminishes the need for competition. [26:32] Victor describes five critical elements of attracting capital: develop relationships with investors, establish a track record, establish trust and transparency, offer a compelling opportunity and ensure there is ease and alignment between goals for the project and goals for the money – if it feels forced, don't do it. [29:05] With a successful career in the technology business already, what attracted Victor to the business of real estate? [31:46] Expanding on that, and aside from the money, what lights Victor up about real estate? This man likes a good challenge! [33:33] Victor starts his day first with how he wants to show up as a leader, so he can do what he needs to do and have what he wants to have in the realm of his life. [34:53] As part of a team in different operational centres, Victor talks about how they create a foundational culture to serve as a touchstone when things get off track and within that, stay connected. [38:02] Victor distinguishes the types of communication he has with investors based on their investing experience, their priorities with their investment funds and what they're counting on from...

Today is another AMA episode, Ask Me Anything. Ryan from Fresno, California asks. "I really enjoy your Real Estate Espresso podcast. Thanks for the great work. The silly question has in my mind for a while. Why do banks, including lenders backed by Fannie Mae, make 30 year fixed loan to home buyers? When I bought first home in China, all home loans are adjustable rate. Let's say the interest rate goes back to normal level like 6-8% 2 years later, the bank (or whoever bought the security from bank) can still only get 4% for the remaining 28 years, do they lose money? On other hand, if interest rates go even lower, the home owner can always refinance. The bank does not have such freedom, will it put them at a disadvantage? Regarding refinance, what is good criteria to apply for refinance? Interest rate dropped 10%? 20%? " Ryan, that is a great question. In fact two great questions. Let’s talk for a moment about how the banking system works. And let’s talk about how the banks make money. In the US, Canada, Europe, and much of the world banking system is based on a fractional reserve system. That means that when depositors put say, $1 million in deposit at the bank, the bank makes money in several different ways. The bank is taking 1 million in deposits, but has the authority to write $10 million worth of loans against that 1M in deposits. The bank makes money on the difference between the interest rate it pays to depositors and the interest it collects from borrowers. Let’s do some simple math. Let’s say that the bank pays 1% interest to its depositor on the $1m deposit. Let’s say that it’s lending the money at 4%. The difference between the deposit and the loan is 3%. So the bank is making 3% on the money it loaned out for the first loan that it makes. But the bank gets to loan the money out another 9 times. In that case it’s making a full 4% interest times 9, which is 36%, plus the 3% from the original loan. So the bank is making 39% interest on the original deposit. That’s a pretty good rate of return. Now let’s say that interest rates go up during the term of the loan. Let’s say that the bank now needs to pay 4% to the depositors instead of 1%. In that situation the banks rate of return drops from 39% to 36%. They’re still very far from losing money. Understand, when the bank makes a loan that is insured by a federally backed insurer, whether it is Fannie Mae, Freddie Mac, or the US government directly through the department of housing and urban development (HUD ), that is about the lowest risk loan you can write. The business of banking is made lucrative by the bank leverage, that 10:1 leverage we just talked about. The other side of that is what happens when a loan goes bad. If the loan is a conventional loan, then the bank has to write down the loss from the loan and it needs to find another $1m in cash quickly, otherwise it can’t pay the depositors their money when they go to the bank to make a withdrawal. The other way that the bank makes money is through fees. They typically charge an origination fee at the start of a new loan. That fee is usually 1% of the loan amount. In the first year of the loan, the bank makes another 1% on each loan, which brings their total rate of return to 49% instead of the measly 39% they will make in subsequent years. The second part of your question was about refinancing. Your question was about interest rates. It is true that getting a lower interest rate is part of the motivation for a refinance. But usually the main reason to refinance is to change how your equity is being used. Let’s say you own a building that has 50% equity. You might refinance to increase the loan amount and free up a bunch of equity. You can then take that money and go buy another building.

  Real Estate Espresso podcast host Victor Menasce spent the first 25 years of his career in the high-tech industry. On his eighteenth trip to Tokyo in a year and a half, Victor realized he was on the wrong path. He felt the way he was working wasn’t right for him nor his family, so he made the conscious decision to move full-time into the world of real estate investment. Victor stops by to share his knowledge about investing in the US from his home in Canada. — Listen to the podcast here: From Silicon Valley To Real Estate With Private Money with Victor Menasce I am thrilled to have on this episode, Mr. http://www.victorjm.com/ (Victor Menasce). Welcome to the show. It's great to be here. Victor and I met back in the summer of 2018 at a podcast conference. I remember we were in a group in a room talking and nobody seemed to have a real estate podcast. Victor said, “I’ve got a real estate podcast.” I interrupted the lady speaking with us, “Excuse me, I need to go speak with this man.” Here we are, you’re on the show. Thanks for coming on and you have an interesting background for when you started off in the tech field but then like many people, either you grew tired of it or you decided to come over into real estate and here you are now. You’re a developer, you utilize private money. You have a real estate podcast, http://www.victorjm.com/podcast/ (The Real Estate Espresso). Let’s try to unpack a little bit about that. Tell us a little bit about your journey on how you got to where you are now. If I go back to 2009, 2010, I was still working in the tech industry. I was managing a microprocessor development team and we’re basically designing chips that we used in mobile phones and data cards. We’re building a new cellular network in Japan and I was literally traveling back and forth to Tokyo every two weeks and it was burning me out. It wasn’t the right thing for me. It wasn’t the right thing for my family. I resigned my position as VP of engineering and decided to take a hard left turn in my career into the world of real estate investing on a full-time basis. If you remember what was happening back then, it was probably the opportunity of a lifetime to invest in real estate, particularly in the United States. I took advantage of that opportunity and decided to jump in with both feet. That’s where I got my start on the journey. One of the things that I discovered along the way is I had a bunch of skills that were pretty portable. Project management is a very portable skill. It doesn’t matter whether you’re managing software development or microprocessor development or new construction, it’s all the same. The other key skill was the ability to raise capital and I learned how to raise money in the tech industry. It’s much more difficult to go raise $5 million for an idea than it is to raise money for something that’s going to cashflow in six months. Those are vastly different and I was able to transport that skill set over into the world of real estate as well. If you don't ask, you're not going to get it.https://twitter.com/intent/tweet?url=http://privatelenderpodcast.com/plp-054/&text=If%20you%20don%27t%20ask%2C%20you%27re%20not%20going%20to%20get%20it.&related (Click To Tweet) Going to Tokyo every two weeks, how long of a flight was that? In the summertime, it was a direct flight from Toronto, thirteen hours into Narita Airport. It was pretty good. In the winter time, I had to fly through Vancouver. That added another five-and-a-half-hour flight as an appetizer to the big flight. I can see why you get burned out at that real quick. You’re in Canada, in fact. Yes. I live in Ottawa, Canada and I'm halfway between Montreal and Toronto, almost due north of New York City. Even though it’s Central Canada, we still refer to it as East Coast but it is somewhat Central Canada.

#216: Hands-on real estate has its risks and rewards vs. passive investment. Learn about “scaling up” your portfolio into larger buildings. If you desire to build a large new construction project, you need financing, investors, contractors, and a team. Don’t do it alone. How do you afford all this? You can ethically take a Developer Fee for yourself. Our guest, Victor Menasce and I discuss the mindsets and actions around 10-plexes up to 200-unit properties. We also discuss: buying property on a corner, commercial financing, elevators & parking, new construction vs. rehabs, foundation issues, and mistakes to avoid when “going big”. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 04:18 Victor Menasce Interview begins. 06:27 Commercial financing qualification. 09:10 Refinancing your existing residential property into commercial loans. 12:06 Operating 10-plex to 12-plexes. 14:59 Corner properties. 17:18 Adding elevators and parking. 22:59 How do you afford all this? 26:55 Building your team. 33:55 Underwriters vet your Property Manager. 35:45 Foundation issues. 37:49 ROI = Return On Involvement Resources mentioned: Victor’s Website: VictorJM.com Victor’s e-mail: victor@victorjm.com Real Estate Espresso podcast Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey RE: NoradaRealEstate.com QRP: TotalControlFinancial.com Find Properties: GREturnkey.com GRE Book: GetRichEducation.com/Book

Everybody wants to be the smartest guy in the room. But not Victor Menasce. He doesn’t want to be the smartest guy in the room but instead he wants to build relationships with them. He is the absolute leader in the real estate investments thought leadership space as well as in the investment space. He not only helps people with real estate investing, but he invests in real estate on a very high level himself. He’s also the host of the The Real Estate Espresso podcast, the best-selling author book of The Great Canadian TakeOver and Magnetic Capital. During this interview, you’ll discover… Three things you need to accomplish anything The formula in raising money Two forms of marketing that work To find out more about Victor Menasce, visit https://www.thethoughtleaderrevolution.com/.

Too often investors are told to do their due diligence but don't really know what that means. On today's show, developer and host of the Real Estate Espresso podcast, Victor Menasce, shares some tips on how to vet your property and partners.   www.RealWealthShow.com

Scott Smith is an asset protection attorney based in Austin Texas. He is a real estate investor and he also works with his clients to educate them on the types of structures that minimize risk from frivolous law suits. You can learn more from Scott at www.royallegalsolutions.com/espresso where he has put together a special offer for Real Estate Espresso podcast listeners.

How do you raise interest rates without actually raising interest rates? Canada is leading the way in instituting a mortgage stress test that forces borrowers to qualify at a higher rate than the actual rate in the market. A full 2% higher than the actual rate. What is the effect of this approach? Find out today on the Real Estate Espresso podcast.

The weekend edition of the Real Estate Espresso podcast contains interviews with notable people in the world of real estate investing and development. I'm talking with Rich Danby about what to do when a funding partner fails to deliver on their commitment.

The weekend edition of Real Estate Espresso is slightly longer than during the weekday. Today I'm talking with international developer Beth Clifford. She has an amazing and inspirational story. So many lessons buried in our conversation. Check it out.

Talking about creating an environment with the best people in the world

Talking about how funding partners can fail to meet their commitments and what you can do about it.

In today’s segment we’re talking about why rural properties can be a bad investment.

Real Estate Espresso - The Fishing Expedition

#138: You’ve run out of money to buy real estate. What do you do now? You pool other people’s money for the down payment through a process called real estate syndication. Learn how. Urban real estate investing involves: exploiting geographic class segregation, “moving the gentrification line”, rent control, and public transit proximity. Today’s guest, Victor Menasce, is an Ottawa, Canada-based real estate syndicator. He’s an expert at teaching you how to raise capital from others for real estate deals in his book, Magnetic Capital. Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn:  00:48  How can “real estate syndication” make you wealthy? 03:59  Investing in the U.S. vs. Canada: the biggest difference. 05:28  Urban investing: “Buy on the line. Move the line.” 07:48  Infill development. 09:22  New construction and low inventory. 10:18  Example on a buy-and-hold million dollar building. 13:07  Urban areas: higher appreciation risk and reward? 17:31  Leading indicators of up-and-coming areas. 19:58  Rent control discussion. 24:33  Raising capital from others. 29:26  Establishing trust, track record, compelling opportunity, alignment. 34:53  “Borrow” someone else’s track record. 40:19  Give yourself a promotion. Resources Mentioned: VictorJM.com NoradaRealEstate.com HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com