The Real Estate Espresso Podcast

On today’s show we are talking about how to search the Real Estate Espresso Podcast. With over 2800 episodes there is a significant body of work. We have many loyal listeners and I often hear about past episodes from listeners. Searching 2800 episodes for something you have heard in the past can be a daunting task. So much so that most people won’t even try. So we have made the investment in creating a custom AI tool, specific to the Real Estate Espresso podcast.Let’s imagine that you want to know what did Victor have to say about a particular topic, Victor AI will summarize the information in the podcast on that topic. For example, if you asked about what I had to say about industrial property metrics in Dallas, it will summarize the content and also take you to those specific episodes on that topic. We are undergoing internal testing before releasing it to the general public. But we expect to formally release it in the coming weeks. ------------**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)  

CLICK HERE to learn more about our Bradenton Crossing project.Have you finalized your tax strategies for 2025? There is still time in 2025 to take advantage of bonus depreciation which can result in huge tax advantages for the savvy investor. That’s the icing on the cake for an otherwise really strong investment opportunity. The opportunity is a 35 acre project in Bradenton Florida. The property is anchored by a charter school that has 800 students and is income producing. The student’s are not eligible for depreciation, but the buildings are. If you’d like to learn more, send an email to info@ystreetcapital.com and put the word Bradenton in the subject. Our team will get in touch to give you more information. Send an email to info@ystreetcapital.com.-----------On today's show we are talking about energy and global monetary rivalry.

Max Hansen is a senior manager with Accruit and leads organizations in Denver and in Montana. On today's show we are talking about some of the more sophisticated ways of using the 1031 for sheltering gains from tax.To reach out to Max, call 800-237-1031, or visit Accruit.--------------**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)  

Dave Seymour is based in Boston where he became known for the star of the hit A&E TV show Flipping BostonTo connect with Dave, reach out to him directly at:https://www.linkedin.com/in/daveseymour343/or on his website at https://www.freedomventure.com/

On today’s show we are talking about the impact of data centre infrastructure on the cost of new construction for single family homes and apartments. Data centres are power hungry beasts and building them will require a lot of electricians. The concern is that the US does not have enough electrician now. Many of those electricians are nearing retirement and the number of new entrants to the trade are not replenishing those who exit. There are so many electricians required for data centres that there will not be enough for the scale of work required across all sectors. The net result will be a massive increase in the cost of building housing because of the labor being siphoned off to build data centers. That’s the theory. So on today’s show we are going to analyze whether that hypothesis is indeed true. Will we really have a shortage of electricians and what do we need to change in the way we build homes in order not to be facing massive increases in cost? Let’s start by examining how much demand is being added to the network. We will try to calculate how many electricians will be pulled out of the market just to service the data centre industry. ------------**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)  

On today’s show we are talking about how to interact with a lender. If you’re in the game of real estate, chances are you’ve borrowed money. Lenders come in all shapes and sizes from the traditional community and regional banks, to the larger agency debt like Fannie Mae or Freddie Mac, to the government sponsored loans from HUD or SBA. There are then numerous private options including debt funds, CMBS loans, preferred equity, CPACE  and mezzanine lenders. They all have one thing in common. They will go through an underwriting process that requires you to provide documentation about the borrower, the guarantor if it’s a recourse loan and the property. Those requirements will be listed generally on a term sheet, and then perhaps later in the process in a commitment letter, or a closing checklist.On today’s show I’m going to share what we believe are best practices, or at least I’m going to share how we manage this process in our development company. ------------**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)  

On today’s show we are talking about how to best use artificial intelligence in your daily business. AI is not good at producing a finished work product that you would be happy to deliver to a customer. There may come a time when that is true. But today, if you are delivering something of true value, you need to be creating at least a portion of that work. I have not encountered a scenario where an AI tool was able to take something from start to finish in one step. In frustration I took the idea produced by Gemini into a simple image editor. I uploaded the image, and typed in the 28 words. I spent a coupe of minutes formatting the text and in the span of about 4 minutes I had a finished product, fully formatted and ready to send. I had wasted about half an hour trying to get AI to produce a finished product. The real value of the AI tool was in accelerating the creative process and as a brainstorming tool. That first step was genuine help. The rest was an exercise in frustration and wasted time.  When it was clear that creating the final product could be done in a matter of minutes, essentially editing 28 words, I should have jumped off the AI train and reverted back to the old fashioned, but tried and true method of editing a file. ------------**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)  

On today’s show we are talking about cutting corners in quality assurance. We are all extremely busy. That’s certainly true for me. My average day consists of 5-6 hours of scheduled appointments. Against that backdrop, it’s difficult to get anything done that requires focus time. So when you’re too busy, there are tempting shortcuts. These include delegating tasks to other people in the organization, and sometimes taking advantage of tools like artificial intelligence to save time in the review process. When I was in the world of tech product development, we used to attach a cost to a defect making its way into a product. Depending on when the defect was detected, the cost could be higher or lower. A defect uncovered early in the design phase was nearly free. There was almost no cost to that defect. If a defect made its way out into the field and ultimately resulted in an outage of the telecom network, the cost of that defect was massive. The earlier in the process a defect is uncovered, the lower the cost and the later in the process, the higher the cost. Not surprisingly, nearly 40% of the investment in the product development was actually spent on quality assurance. That sounds like a high percentage and it is. ------------**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)  

On today’s show we are unpacking the critical details every sophisticated investor, developer, needs to understand about the different types of flood plain designations and how wetland mitigation can make or break your deal.First, why do people even want to develop in flood plains? For one, the land doesn’t usually present itself as a flood plain. It’s completely dry most of the time. But, like every opportunity, there are layers of risk and regulation you need to run through.The U.S. government, via FEMA, essentially maps out risk using what’s called Flood Insurance Rate Maps, or FIRMs. Picture these as overlays on your site plan that tell you how often the water is likely to rise and cause problems.100-Year Floodplain (SFHA - Special Flood Hazard Area)500-Year FloodplainFloodplain X - minimal riskBut what is your flood map is out of date? 75% of existing FEMA maps are out of date. As you know, the US government is in a budgetary shutdown, with no signs of a quick resolution. Even if you are not relying on government funding for a loan, if your property is in a flood plain, your lender will require paperwork from FEMA before they can close the loan. So the government shutdown means your loan cannot close until the government re-opens FEMA gets caught up on their backlog of requests.------------**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)  

Jon Yoo is with Convoy Home Loans based in Los Angeles. They specialize in DSCR Loans for commercial investors. On today's show we are talking about some of the market dynamics. To connect with Jon, visit https://convoyhomeloans.com/ or email him at info@convoyhomeloans.com. ------------**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)