The Real Estate Espresso Podcast

Today is another AMA episode (Ask Me Anything). Johnny writes: I've become increasingly interested in key Pennsylvania cities as new markets to invest in for rental properties. The cashflow an investor can achieve in cities such as Philly, Allentown, and Pittsburgh seem sustainable and appealing given the cost to purchase properties. One factor I'm also considering - and I would value your take on - is whether the US will experience an increase in domestic steel production. Looking at larger geopolitical issues, it seems that the US will need to achieve far less reliance on countries such as China for key materials such as steel. Are these areas positioned for a boon in manufacturing? That can make all the difference in discerning an investment opportunity that has a 10-15 year span. Thanks! ------------------------- Host: Victor Menasce email: podcast@victorjm.com

Tim Lyons is a NYC Fire Department Lieutenant, Emergency Room Nurse, and real estate investor. I've known Tim for several years and observing his  journey has been wonderful to watch.  Tim has jumped into the world of multi-family investing and syndication. He forms part of a portfolio of over 1,000 units. You can connect with Tim at citysidecap.com.

Sharad Mehta is the CEO and founder of RESimpli, a software system designed to provide an end to end solution for residential real estate investors. You can connect with Sharad at his website RESimpli.com. 

Today’s show was inspired by a simple statement. The statement was made by Adam Grant, who is a psychologist and author who is currently a professor at the Wharton School at the University of Pennsylvania where he specializes in organizational psychology. I’ve read several of his books and his latest book entitled “Think Again” was our book of the month for March of this year. Sometimes you hear a statement so profound that if you’re not paying attention it can pass you by. This statement by Adam Grant literally stopped me in my tracks. It was about 6AM and I was listening to a podcast as I waking up. I’m going to paraphrase what he said so it won’t be a direct quote. Adam said, the reason mature companies do so much better than startups is they can focus on the hard things associated with optimization. Startup companies are so focused on the hard things associated with launching the business. I heard that statement and had a moment of penetrating clarity.

On today’s show we’re talking about design and dimensional constraints when you’re designing a living space.. Most people have a hard time looking at a set of plans and visualizing their furniture in that space. This is a process that comes with practice. The most important room in a house to design well is the kitchen. In today’s homes, with the cost of construction, space comes at a premium. When you consider the utility of space, you have to consider how much real space is required for walking inside a home. If the spaces between elements are too small, even a large room can feel crowded. On today’s show we’re going to give you a design idea to solve the problem of a room that is a bit too small. 

On today’s show we’re going to take a look at the new infrastructure bill that was just enacted in the United States and take a peek at some of the implications for real estate investors. -------------- Host: Victor Menasce email: podcast@victorjm.com

On today's show Debbie from Pennsylvania asks about buying property at tax sale. ------------------ Host: Victor Menasce email: podcast@victrjm.com

On today’s show we’re talking about whether inflation can breed demand for more real estate. This year has seen dramatic increases in prices for real estate across the US and Canada. In 94% of the metro areas in the Us, prices are up more than 10% from a year earlier. Nationally, prices are 22.9% from a year earlier. Many are decrying the affordability crisis. But it is a free market. There is clearly excess money sloshing around in the system. So the question is, how many people will attempt to tap into their newfound equity? We’ve heard a lot about how the refi market is extremely hot in 2021. I predict it’s about to get even hotter. The refinance activity is going to continue for the next year, as long as interest rates remain low. This means that there will be even more money sloshing around in the system, looking for real estate to buy. When there is more money than product, there is upward pressure on prices. This is the very definition of inflation. It’s the inflation of the money supply that is core inflation. The rising prices are merely the symptom.

Nicky is the author of a brand new book called "The Power of Connecting." On today's show Nicky shares a bunch of surprising facts about social isolation.  You will definitely want to reach out and connect with Nicky at ecircleacademy.com. 

We're talking all about data center investing on today's show with David Liggitt. Based in Dallas Texas, David is directly involved in helping data center investors with site selection and the numerous criteria that make for a great data center location.  You can connect with David at DataCenterHawk.com where you can get more information about trends around the world.