The Real Estate Espresso Podcast

Global shipping prices hit another all time high this week. The proliferation of the delta variant of Covid 19 has slowed the turnaround of containers around the world, further amplifying an already acute shortage. China has experienced major floods along their southern coast which further delayed the shipment of goods. Global shipping is now fully disrupted. Shipping rates this week hit $20,804 for a single container transiting the Panama Canal to the US East Coast. At this time last year, that same container would have cost under $2,000. --------------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we’re talking about how sellers mislead buyers with amazing regularity. It’s understandable. They want to sell. Once the decision to sell has been made, the seller often feels a tremendous psychological pressure to eliminate the uncertainty of the sale. Sellers want to bring certainty to the situation. Will it sell? When will it sell? How much will it sell for? All of these questions remain open until the transaction completes. The seller will often resort to manipulating the buyer in order to bring closure to the sale. ------------------- Host: Victor Menasce email: podcast@victorjm.com

Kyle Wilson was the founder and President of Jim Rohn International. He has worked with some of the most iconic speakers in the world including Brian Tracy, Les Brown, Mark Victor Hansen, Zig Ziglar, Glen Morshower, Roger Love, Darren Hardy, John Assaraf, Denis Waitley and many others. Today's conversation is a masterclass in developing powerful relationships. 

On today's show we're sharing a little about one of our upcoming projects. This show was recorded live on location and highlights the vision we have of the project. To see a few photos of this amazing properties visit "lacommune.ca". --------------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we’re talking about how to know what your soil can support. When you are looking to build, the composition of the soil underneath the surface can make a massive difference in the cost of a project. On today’s show we are going underground, literally. --------------------- Host: Victor Menasce email: podcast@victorjm.com

On today's show we uncover a future defect with a property. The ability to see into the future as part of due diligence is critical. This is a real life case study that fortunately averted a disaster. ------------------ Host: Victor Menasce email: podcast@victorjm.com

This question comes from Joseph in California. Hey Victor; Love your podcast. I have real estate as my primary source of retirement income, so building that portfolio of properties I intend to hold is something I want to do aggressively and smartly. We have $100K to move forward with another property or properties, though the prices are making me shy of moving forward. I’m sensing waiting till the “fenzy” calms down; will make smarter use of money. Even if the interest rates go up a little. I know your crystal ball is broken currently, nor are you here to give me specific personal guidance. I was wondering if your thoughts align with mine. Listening to Robert Kiyosaki; he seems to be waiting till a downturn to start buying. My thoughts are interest rates can always be adjusted after the purchase, though purchase price can’t. Victor; is my aggressive patience warranted right now? ------------------------ Host: Victor Menasce email: podcast@victorjm.com

On today’s show we’re taking a closer look at what’s happening in the world of industrial. This is a summary of the findings from some new industry reports on the topic. The growth in e-commerce is fueling the demand for more industrial and more warehouse space across the nation. Chicago Houston and Dallas account for nearly half the new additional 310 million square feet of space in the past 4 quarters.  The major transportation hubs have already attracted a lot of investment in industrial space. The opportunity lies in three main areas in my opinion. 1) There is opportunity in secondary markets that have largely been overlooked. 2) There is opportunity in specialty space such as refrigerated warehouse space. This is to give perishable products in the supply chain more flexibility to optimize their business operations in less expensive space than retail space. 3) Sale leaseback deals for both manufacturing space and logistics space for medium sized manufacturers. ----------------- Host: Victor Menasce email: podcast@victorjm.com

The housing industry is about to experience a wave of turnover. The Federal moratorium on evictions that was put in place by the CDC came to an end on August 1. Some states and cities still have local regulations in place which may further protect tenants from eviction. I’m going out on a limb today to predict that as the moratorium on evictions is lifted we will see a game of musical chairs are tenants in arrears scramble to find new accommodations. In the process, we will experience a wave of emergency repairs to rental properties putting further pressure on the construction supply chain. ----------------------- Host: Victor Menasce email: podcast@victorjm.com

Our book this month is "Time Smart; How to Reclaim Your Time And Live A Happier Life" by Ashley Whillans.  The title might imply this is yet another time management book. This is not a time management book like so many out there. We are a generation of over-worked, over-stressed, rushed maniacs. In 2012, a study found that 50% of working Americans were “always rushed” and 70% never had enough time. Instead, it examines the decisions that each of us make with respect to time. But the root of those decisions is often found in the headwaters of the value judgements that we each make with respect to time and money. Some people are financially poor. Some are time poor. Many are both. There are lots of people who have ample cash, but are still time poor. If you’re listening to this podcast, chances are high that you’re in that last category. ----------------------- Host: Victor Menasce email: podcast@victorjm.com