The Real Estate Espresso Podcast

On today’s show we are taking another look at hyper local versus macro. Today we’re comparing Boston, Charlotte and Phoenix, three cities at almost polar opposite ends of the country. 

But first, at my company Y Street Capital, we are building. A lot of investors got into trouble over the past few years because of irrational exuberance and a tendency to look only at the upside and ignore the downside. At Y Street Capital, we believe...

Yesterday Canada held its Federal election. While Canada has a number of political parties, it was really a 2 party race. Mark Carney running for prime minister is head of the liberal party and Pierre Poilievre is head of the conservative party. 

When Justin Trudeau stepped aside a few months ago, the liberal party elected a new leader in Mark Carney. Mark Carney served as governor of the bank of Canada, and in an unusual step as go...

On today’s show we are looking at the residential homes for sale inventory across several markets in Florida. We have been experiencing the so-called lock in effect with many owners holding onto very favourable loans at historically low interest rates. 

Even if someone needs to move, they will often rent out their primary residence and then rent a home instead of buying rather than sell and be forced to pay a much higher interest ra...

Cris Zimmerman is currently based in Spain, but his family is from Frankfurt where he own hundreds of assets including apartments, hotels, and various other commercial properties.

On today's show we are talking about the unique elements of investing in Germany.

Cris also hosts events for high net worth families across Europe and North America. To connect with Cris, visit medicilegacy.com

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**Real Estate Espresso Podc...

Layla Kunimoto is based in Seattle Washington where she invests on a full-time basis. She also is the publisher of the weekly newsletter AccreditedInsight.com. On Monday, April 28 at noon CDT, Layla will be on LinkedIn Live with Robby Butler from the Y Street Capital team talking about the use of AI for underwriting and due diligence. To attend that live event, here is the link for the live stream - https://lnkd.in/eitNBS7n

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On today’s show we are taking a look at whether it makes sense to copying a proven formula or blaze a trail and deliver a new product type in a geographic area.

But first, if you’ve been wondering where to place your capital that will be safe in today’s turbulent environment, you may want to consider participating in a high quality project managed by industry experts. At Y Street Capital, we have several projects underway in our pip...

On today’s show we are talking about how to model a project. I often hear people advocating for a simple spreadsheet to perform quick calculations. There was a time when I used these simple tools to make fast decisions. 

There is a trade-off in any project where speed is a component of a quality outcome. 

However, as time has progressed, I’m less inclined to rely on quick math for anything. The reason is that when bank leverage is in...

On today’s show we are talking about the movement of goods entering our country and how this might affect industrial real estate and jobs.

The mainstream media have been widely reporting that shipping imports to the US are down by 64% in the first weeks of April. This is an example of how statistics can be used to sensationalize a narrative. Compared with the last week of March, it is true, shipments are down 64% from the week e...

I’m sharing what I’ve learned about managing change and how it might explain what we are seeing and experiencing in our daily lives. Early on in my career as a leader in the tech industry I took a bunch of courses on leadership. 

One of the course in my management training was on change management. The idea was that leaders need to become skilled at leading people through change and that change doesn’t just magically happen. The...

On today’s show we are looking back in history for the lessons of failed conquests. 

Napoleon attempted to economically cripple Great Britain by closing European ports to British goods. He believed this would destroy Britain's trade and force its surrender.

Britain's powerful navy and widespread smuggling operations undermined the blockade. The system hurt the economies of France and its allies, leading to resentment and a de...

Hubert Johnson is a tax lawyer based in Tucson Arizona. His company Guardian Tax Law specializes in all aspects of tax compliance. On today's show we are talking about how to handle property that has an IRS lien attached to it. This could be a residential property, a commercial property, and includes properties with multiple ownership. To connect with Hubert visit https://guardiantaxlaw.com/ or call 520-526-9850

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**Real...

Tim Edwards is based in Chico California from where he owns a large multi-state portfolio of apartments. On today's show we are talking about the lessons of prior real estate cycles and how those lessons apply to today's environment. To connect and to learn more, visit https://multifamilyassetadvisors.com/

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**Real Estate Espresso Podcast:**
 Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/s...

On today’s show we are talking about whether it’s better to be better, or better to be simple. Today’s episode is an embarrassing story that I’m going to share with you so that you can learn from our mistake. 

One of the consequences of working with really smart people is that you can often get caught up in the elegance of an ideal solution. 

There is something to be said for consistency. If you want to reduce the possibility of erro...

On today’s show we are talking about how to gain additional control over the expenses in your commercial buildings. Some buildings were designed with a single electric meter and a single water meter. 

This makes it difficult for a landlord to recoup the costs associated with these variable expenses. Some buildings use a RUBS method. RUBS is an acronym  which stands for Ratio Utility Billing System.

Instead of each unit having its own...

Today is another AMA episode (Ask Me Anything). Today's question comes from Emanuel who writes:

"How should new investors approach development of multifamily properties when construction costs are high but demand for rentals is steady?"

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**Real Estate Espresso Podcast:**
 Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)  
 iTunes: [T...

On today’s show we are talking about a property that we placed an offer on, which is failing in due diligence. 

Failing in due diligence is one of two ideal outcomes. Of course we would prefer if a project met all of the criteria for investment, we would buy it at a substantial discount to the market value, and we would have lots of upside potential.

Anything less and we would rather pass on the opportunity.

The property itself has th...

On today’s show I want to share some guidance that I gave you on the podcast only a few days ago. I’m not here to trumpet anything or take a victory lap or anything like that. I’ve experienced a phenomenon whereby I will make a prediction or an observation on the podcast, and then behold a few days or a few weeks later, we’re reading about it in the Wall Street Journal. 

The purpose is to help you see what I’m seeing so that you can...

Seth Ferguson is based in Toronto where he is the founder and promoter of the PowerHouse Conference. This conference started out as the Multi-Family Conference with a focus on apartment investing. This year, the focus has been broadened to include a wider set of entrepreneurial activities and investments. The conference this year includes Kevin O'Leary, Alex Rodruguez, Michelle Romanow, Michael Hyatt and many others. On today&#...

Dana Samuelson is the owner of American Gold Exchange, based in Austin Texas. They are dealers of physical gold across the US. On today's show we are talking about the various forces that are pushing debt yields, dumping stocks, dumping bonds, and dumping dollars. One of the main beneficiaries is gold. To connect with Dana and to learn more, visit amergold.com, email them directly at info@amergold.com or call at 800-613-9323.

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