Later today we will be hosting a Facebook Live and a LinkedIn Live session with our Partner Amy Johnson.

Join us live to ask Amy Johnson how she gets deals done. Around the United States, Amy owns self-storage, multifamily, and develops land as a partner with Y Street Capital. She has a 15-person brokerage, has developed 500 acres of land and 500,000 square feet of self-storage, and renovated several hundred apartment units over her time as an investor. Bring your questions and join us live Friday, June 7 at 3 PM Mountain Time, 5PM EDT.

https://www.linkedin.com/events/deal-making-askamyjohnsonanythi7199448061411041281/theater/

https://www.facebook.com/share/TDH2xPXf9wckjdSo/

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On today's show we are taking a look at a land development query that came from a potential consulting client. Many of these projects are simply not possible. But then there are a few.

Real Estate Espresso Podcast:
- 🎧 Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
- 🌐 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: [[email protected]](mailto:[email protected])
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)

This coming Friday we will be hosting a FaceBook Live and a LinkedIn Live session with our Partner Amy Johnson.

Join us live to ask Amy Johnson how she gets deals done. Around the United States, Amy owns self-storage, multifamily, and develops land as a partner with Y Street Capital. She has a 15-person brokerage, has developed 500 acres of land and 500,000 square feet of self-storage, and renovated several hundred apartment units over her time as an investor.Bring your questions and join us live Friday, June 7 at 3 PM Mountain Time, 5PM EDT.

https://www.linkedin.com/events/deal-making-askamyjohnsonanythi7199448061411041281/theater/

https://www.facebook.com/share/TDH2xPXf9wckjdSo/

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On today's show we are talking about interest rates. Canada dropped its key lending rate 0.25% on Wednesday and the European Central Bank cut its lending rate 0.25% on Thursday. Sweden cut its rate a month ago and Switzerland cut its rate in March. What does this mean for Fed policy?

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Host: Victor Menasce

email: [email protected]

This coming Friday we will be hosting a FaceBook Live and a LinkedIn Live session with our Partner Amy Johnson.

Join us live to ask Amy Johnson how she gets deals done. Around the United States, Amy owns self-storage, multifamily, and develops land as a partner with Y Street Capital. She has a 15-person brokerage, has developed 500 acres of land and 500,000 square feet of self-storage, and renovated several hundred apartment units over her time as an investor.Bring your questions and join us live Friday, June 7 at 3 PM Mountain Time, 5PM EDT.

https://www.linkedin.com/events/deal-making-askamyjohnsonanythi7199448061411041281/theater/

https://www.facebook.com/share/TDH2xPXf9wckjdSo/

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On today’s show we are taking a twist on a familiar saying. You’ve no doubt heard or read the disclaimer sentence that says past performance is not indicative of future performance. You will see that in the fine print of virtually every mutual fund, exchange traded fund, publicly traded stock and even private investment offering. 

That’s kind of an obvious statement. None of us have a crystal ball and we can’t predict the future. 

But on today’s show we are saying that "Past performance is not indicative of past performance."

On today’s show we are talking about a question that came to me on a phone call yesterday morning. The person asking the question was seeking to help another investor who has run into financial difficulty. 

The question was whether a standby letter of credit could be used to help a real estate investment firm that was seeking to refinance their bridge debt into a lower interest rate permanent financing. 

Given that the person asking the question wasn’t clear, I thought it would be helpful to share the question and the answer live on the show. 

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Host: Victor Menasce

email: [email protected]

On today’s show we are talking about a project of ours that recently completed the zoning approval process. 

This is a 20 acre site in a suburb of Salt Lake City called Brigham City. The property itself is situated next to one of the two highway interchanges from Interstate 15 into Brigham City. Immediately across the street is a new Walmart Super Center. 

The total site plan consists of the Marriott Town Place Suites hotel, 120 apartments, 50 townhomes, and several buildings of flex multi tenant industrial. All of these products have to have the requisite amount of parking. It is the surface parking that ultimately determines the density that can be achieved. At one point in the design process we had proposed a larger number of apartments. But this has to be scaled back to meet the parking ratios required for a viable project. 

Throughout the process, the economic outlook in the area accelerated. One of the main contributors is the newly announced Inland port. 

It took a few months longer than we expected, but we have an amazing project that we expect to create a lot of value for our investors. To be clear, we are not soliciting for investment and just sharing our story about this project. This project was funded over a year ago. 

Mauricio Rauld is the founder of the Premier Law Group and specializes in securities law. On today's show we are talking about the forecast changes to securities regulations in the US. Mauricio's team performs all of our US securities work at Y Street Capital. He also wrote a new book called "Legal Strategies for Everyone" and you can connect with him through his website at https://legalstrategiesforeveryone.com/

He also has hundreds of education videos on his youtube channel.

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Host: Victor Menasce

email: [email protected]

Our book this month is called Day Trading Attention: How to actually build brand and sales in the new social media world by Gary Vaynerchuck, the CEO of Vayner Media. Gary is well known as a keynote speaker in the world of marketing. His YouTube and social media following is massive. 

Gary’s thesis is that in order for your marketing message to be received, you need to be using channels that are in your customers field of view. If your customer is not looking in the direction of your message, then there is no way for your message to be received.

All of the various channels have different costs associated with them. Some are going to be overpriced and may still reach the target audience.  But then there are avenues that are underpriced.

It used to be that business was local and that your zip code mattered.  But today what matters more is your browser history as a reflection of what interests you. 

The world of social media was centred around who you connected with and today social media algorithms are increasingly giving weight to what interests you.

Today’s question comes from Dan who asks. 

I’m currently evaluating an investment in a multi-family apartment project. I’ve heard so many horror stories lately about investments going bad in the past year that I’m struggling to figure out how to perform due diligence. If you were looking to make a passive investment in someone else’s deal, how would you conduct the due diligence? 

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Host: Victor Menasce

email: [email protected]

You have probably seen the pitch on social media. I’m approached almost daily on LinkedIn. These companies and individuals are frequently offering any amount of funding from $500,000 up to $500M. Some are offering to partner with you on projects. Some are offering both debt and equity. 

Offers of funding can sound enticing to those who are seeking additional capital to cover a shortfall in their business. 

As always you need to do your due diligence on any kind of funding source. You need to know that they can deliver what they are promising. 

Think about the potential risk that exists for any borrower who provides tremendous volumes of data to a lender including details about your real estate holdings, tax returns, a complete statement of assets and liabilities. 

What if that person who is posing as a lender is not really a lender at all, but someone who is seeking to steal your identity? Have you armed them with the necessary information to make identity theft incredibly easy? Sometimes an identity theft can occur with just one or two critical pieces of information. But in this case you have given them everything. 

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Host: Victor Menasce

email: [email protected]

As many of you know, in addition to being the host of the Real Estate Espresso Podcast, by day I’m the senior partner at Y Street Capital. Our firm is active across 9 states in the US and also in Canada where I reside. 

It sounds strange to say this, but Canada has a much more acute housing crisis than the US. Our population has grown through immigration much faster than the US. Many Canadian cities are facing a crisis of availability at any price and it’s no longer even a question of affordability. 

Unless governments are going to take over housing and socialize housing like you might in a communist country, the only free market way to address the housing crisis is create the incentives for additional supply to enter the market. 

Just like in the US, Canadian cities get their power from the next level of government. US cities get their power from the state in which they reside and Canadian cities get their power from the province in which they reside. 

In addition to the steps taken over the past couple of years at the provincial level, the Ontario government has a new bill called bill 185 which is aimed at  Cutting Red Tape to Build More Homes. One of the obstacles to creating more supply is the red tape and bureaucracy that exists in the planning system. 

Most of our listening audience is outside of Canada. In fact 81% of our listeners are in the US. I’m going over this in some detail because I believe you can influence the political process and create improvements in the development process that will benefit developers and ultimately the people who are going to live in those newly created homes. 

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Host: Victor Menasce

email: [email protected]