The Real Estate Espresso Podcast Victor Menasce

Today’s question comes from Daniel who asks:

I’m a busy professional and have several friends that also have money to invest. I am considering inviting my friends to invest along with me but am conflicted. If there are problems with the investment, I don’t want to damage the friendships. At the same time if these are good investments, it would seem disloyal not to invite my friends along the same journey. What are your thoughts on co-investing with friends and how one might structure such a venture? 

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Host: Victor Menasce

email: podcast@victorjm.com

There are numerous misconceptions about the oil market. As a result, we have many people including the mainstream media drawing incorrect conclusions about the economy. On today’s show I’m gong to go deep on a few of these items.

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Host: Victor Menasce

email: podcast@victorjm.com

On today's show George and I are talking about the current market cycle and what signs to look for when seeking inflection points in the cycle. George was very clear. Get to the specifics and stay away from the macro discussion. But the appraisers who determine valuations don't always see it the same way. Listen to my conversation with George Ross.

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Host: Victor Menasce

email: podcast@victorjm.com

Brian Boyd is based in Nashville Tennessee where he is practicing tax law. On today's show we are talking about some of the proposed changes to the US Tax Code and how real estate investors could adapt to those changes if they come to fruition.

To connect with Brian visit briantboyd.com.

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Host: Victor Menasce

email: podcast@victorjm.com

On today’s show we’re going to take you through thought experiment. I’m going to give you two distinct sales pitches. I’m going to bet that most people will choose the lifestyle investment. 

The first is a luxury condo located in paradise. When you are not staying in your condo, it goes into the hotel's pool of rooms and you share in the hotel revenue. Hotel guests will pay for your vacation property.

The second sales pitch is for a two acre parcel of land in the downtown core that may have future development potential. For now, it’s a parking lot for 200 vehicles. The parking lot has daily and hourly rates, and a discounted rate for evenings and weekends. Parking is expensive at $24 per day or six dollars an hour for the first four hours, after which you pay the full day rate. The parking lot is often full each day. The land is expensive at $8M. If you finance a large percentage of the purchase, you are facing a debt service amount of about $56,000 a month. 

The parking lot is not very sexy. It’s parking, surrounded by high rise office towers in the downtown core. 

One of these will appeal to the true analytic investor, and the other will appeal to the lifestyle investor. 

How many of the lifestyle investors will decline to even consider the parking lot? 

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Host: Victor Menasce

email: podcast@victorjm.com

On today’s show we are taking a look at a report that was published by Fannie Mae’s research team on Monday of this week. Fannie Mae’s research team is under the direction of Chief Economist Dr. Doug Duncan who is a past guest on this show. We are accustomed to getting overall market updates from Fannie Mae. This one was very different in that it was very narrowly focused on the insurance. I don’t ever recall seeing a report like this from Fannie Mae focused on a single expense line item. 

It contains a pretty detailed and comprehensive explanation of what has happened over the past two years in insurance and how it has impacted multi-family investors.

Here's a link to the full report.

https://www.fanniemae.com/media/51396/display