Podcast appearances and mentions of chris lopez

Richard McGirr is the co-founder and CEO of Property Llama and Property Llama Capital, an income focused fund sponsor that helps accredited investors move underperforming real estate equity into passively managed, cash flowing investments. He also hosts Unlimited Capital on the Best Ever CRE network, where he covers capital raising, fund operations, and the business of building an investment platform. Richard and his partner Chris Lopez launched their own firm roughly two years ago, after raising about $55 million in 18 months at a previous shop. The first twelve months were a grind. Today the firm runs about $42 million in its own debt fund, raised $24 million last year, and treats capital raising as a measurable sales and marketing operation rather than a relationship exercise. Richard McGirr returns for part two to open the books on capital raising. He starts with why debt funds reshaped his business. Carried interest is collected every month rather than at a sale, which turns a raise into recurring revenue instead of a run of acquisition fees. With rates elevated, investors have pulled in their time horizons, and a fund that distributes within 60 days is a far easier sell than an equity deal that pays on exit in year five. From there Richard walks through the machinery. He explains why launching his own firm nearly failed once the low hanging fruit ran out, why weekly dials are the leading indicator he manages against, and why he pays for access to trusted distribution instead of building an audience from scratch. He also lays out his full funnel, from a single webinar to a 50 email drip to a same day phone call triggered by a link click.       Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways Debt fund carry is collected monthly, which turns a raise into recurring revenue Higher rates shorten investor time horizons and favor shorter lockups Manage weekly dials and new qualified leads, because both sit inside your control Buy access to trusted distribution rather than building an audience from scratch One webinar delivered repeatedly outperforms ten new ones Call every investor who clicks a link, the same day     Topics Why Debt Funds Became the Engine of the Business Carried interest is collected monthly, not at a sale About $42 million in the fund throws off just under $2 million a year in carry At their previous firm, the debt fund quietly covered company payroll Why Debt Funds Sell Faster Right Now Higher rates pull investor time preference in LPs receive a first distribution within 60 days Lockups run 18 to 24 months, with monthly loan payoffs providing liquidity Why the Launch Nearly Failed The easy network at the previous firm was already tapped Every personal network runs out eventually Messaging, product selection, sales management, and email drips all had to be rebuilt Dials Are the Metric You Control Sales results are input driven, and inputs are the only controllable variable Richard's team makes 200 calls a week Moving from 25 to 100 dials a week tripled soft commits within two weeks Lead Quality Over Lead Volume Minimums are $100,000, with no exceptions Two paid Best Ever webinars raised $1 million each, at roughly half a percent media cost of capital A webinar swap with an estate planner produced 600 registrants and zero closes Large audiences skew toward broad content and non-accredited viewers Brand Transfer From Paid Webinars Presenting on a trusted platform borrows that platform's credibility Investors arrive already willing to listen, so there is less convincing to do The result is a higher conversion rate in less time Earned Media vs. Paid Media Earned media costs nothing and converts well, but the ceiling is low Richard hosts on Best Ever CRE and Chris Lopez hosts on PassivePockets Paid webinars buy speed, volume, and control over timing One Webinar, Delivered Repeatedly The Intro to Private Lending webinar is the only one they run Staff are tasked with sourcing groups and pricing webinar slots Fear the operator who has delivered one webinar 10,000 times Go Where Buyers Already Gather Publishing content and waiting to be found rarely reaches your ideal investor Target communities built around passive income and financial independence Capital raising is a two sided market, and plenty of people are already looking to deploy Richard's Funnel, Start to Finish A webinar form on the site leads to the replay and a 50 email drip Any link click notifies the sales team on Slack and triggers a same day call Of 25,000 contacts, roughly 100 are actively in market at any given time Winning the Attention Battle Investors triage hundreds of emails a day, and your offering sits at the bottom Rank your list by opens and clicks before you start dialing Ask for a specific commitment, such as watching the webinar within three days Interested investors rarely call to say they are on the fence, they simply go quiet    

This Episode Chris breaks down one of the biggest questions active real estate investors face as their portfolios mature: should you keep, refinance, or sell your rental properties? Drawing from his own shift from active landlord to passive investor, Chris explains why many investors get stuck evaluating properties based on their original investment instead of their current equity. A rental that looks like an “infinite return” on paper may actually be producing weak cash flow on equity or underperforming compared to simpler, more passive alternatives. The episode walks through a practical framework for re-underwriting each asset in your portfolio every year. Chris explains how to evaluate whether a property still aligns with your cash flow goals, lifestyle goals, and “do not want” list, especially if you are trying to reduce management headaches, increase income, or transition into more passive investments. Chris also compares several real-world paths: keeping and optimizing a rental, doing a cash-out refinance and reinvesting the proceeds, selling and paying taxes, using a traditional 1031 exchange, or using a “lazy 1031” strategy where depreciation from a new investment may help offset taxes. The goal is not to prescribe one right answer, but to challenge the assumption that holding forever or avoiding taxes at all costs is always the best move. Key takeaways: Why original cash-on-cash return can be misleading once a property has built significant equity How to calculate cash flow on equity and return on equity Why your portfolio decisions should start with cash flow and lifestyle goals How to use the keep, refi, or sell framework for each rental property When a cash-out refinance can increase cash flow without selling the asset Why paying taxes may still make sense if the remaining capital can be redeployed into better-performing investments How “lazy 1031” strategies, depreciation, DSTs, 721 exchanges, and other tools can help active investors transition toward passive ownership Join a community of passive investors. Start your FREE 7-day trial: https://passivepockets.com/?utm_source=youtube&utm_medium=description&utm_campaign=none Listen to the PassivePockets Podcast Anywhere: https://lnk.to/passivepockets Subscribe to the Passive Investing Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Join BiggerPockets for free: https://www.biggerpockets.com/signup?utm_source=owned_media Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

Realberry looks at 100 deals to close 2 or 3. That funnel discipline is at the core of Realberry’s multifamily strategy. It’s also how a $3.4 billion firm has stayed sharp through a housing recession most Colorado investors are still living through. Taylor Hazlett, Senior Director of Private Capital, joins Chris Lopez to walk through the firm’s process. Together, they cover how Realberry filters opportunities, underwrites in today’s market, and finds the rare deal worth chasing. Chris hosts the Denver Real Estate Investing Podcast for Colorado investors who want more than surface-level takes. Before moving to the capital side, Taylor spent 7 years at Realberry. He started as a civil engineer at Clemson and later built a couple thousand lots at Century Communities. Today, his team has built close to 400 BTR units through a joint venture with American Housing Ventures out of Texas. He now also helps lead fundraising for the firm’s private capital efforts. From the capital seat, he sees exactly how the firm’s deal discipline plays out. The conversation covers why Realberry walks away from bidding wars. It also covers how the team underwrites base, downside, and upside scenarios, and why discipline matters more in a soft market than in a strong one. The read on Colorado then starts with a hard truth for developers. Existing multifamily is trading at roughly 20 to 30% below what it would cost to build new. For example, a building you could buy for $300,000 per unit costs $400,000 per unit to build from scratch. As a result, capital is walking away from ground-up projects and chasing acquisitions instead. Water tap fees running $30,000 to $50,000 per unit and impact fees adding another $15,000 per home in some municipalities are only widening the gap. The recent 60-unit Castle Rock townhome acquisition is a case in point. It’s a mark-to-market opportunity that fit the buy box precisely because building new did not pencil. Taylor also points to early signs of recovery. Rent concessions on a Realberry-operated Broomfield townhome community dropped from 8 weeks free to 2 weeks in just 3 months. Meanwhile, insurance carriers are sharpening pencils, and construction costs have stayed flat for 3 to 4 years. Taken together, these signals suggest the market is starting to firm, even if rents have not caught up yet. In This Episode We Cover: Inside Realberry’s multifamily deal funnel and the Monday investment committee Why Colorado has fewer than 40 active BTR deals while Texas has hundreds The $2.40 to $2.45 per square foot rent threshold for suburban multifamily to pencil Why rent concessions dropped from 8 weeks to 2 weeks on a Broomfield townhome deal in 3 months How the firm underwrites with base, downside, and upside scenarios to survive market swings The Castle Rock 60-unit mark-to-market deal and why it fit the buy box What the 21st Century Road to Housing Act could mean for BTR investors Stay tuned for upcoming episodes featuring Realberry’s leadership team and behind-the-scenes property walks through some of Denver’s most recognizable developments. Watch the Youtube Video Timestamps 00:00 Introduction01:13 Realberry background and $3.5B AUM02:13 Taylor’s path into real estate05:06 Building 400 BTR units with American Housing Ventures06:25 Why Colorado has so few build-to-rent deals08:07 Water tap fees and impact fees10:02 The 100 to 2 deal funnel13:17 Inside the Realberry investment committee20:07 Where deal flow comes from23:12 How Realberry underwrites in today’s market35:22 Concessions burning off in Broomfield37:20 Construction costs, insurance, and tax appeals40:07 The Castle Rock mark-to-market deal44:51 Class A vs Class C dynamics47:43 Colorado water rights50:17 The federal housing bill and BTR Links in Podcast Realberry Website: https://www.realberry.com Portfolio: https://www.realberry.com/portfolio LinkedIn: https://www.linkedin.com/company/realberryinvest Instagram: https://www.instagram.com/realberryinvest Investor inquiries: ir@realberry.com Taylor Hazlett LinkedIn: https://www.linkedin.com/in/taylor-hazlett-6a62a725 Who is Realberry? Realberry, formerly McWhinney, is a Denver-based real estate investment, development, and management firm founded in 1991 by brothers Chad and Troy McWhinney. For nearly 35 years, the firm has focused on creating places people love, with a portfolio spanning master-planned communities, multifamily, hospitality, industrial, and mixed-use developments. Its work includes Denver Union Station, Dairy Block, the Crawford Hotel, and Centerra, and has earned ULI Awards of Excellence, Michelin Keys, and U.S. News Best Hotels recognition. Realberry is family-founded, community-centered, and future-focused.

In this PassivePockets community roundtable, Chris Lopez sits down with Adam Cranmer, Pascal Wagner, and Christy Burakovsky to talk through real portfolio moves, new investments, and the questions LPs should be asking before and after they write a check. The conversation starts with portfolio updates: Adam shares why he invested in Alturas' retail-focused fund through an SPV, passed on a strong sponsor because the deal was outside their core market, and received capital back from a debt fund that no longer fit the team's risk/reward standards. Pascal walks through how he's helping manage his mom's portfolio by diversifying across multiple credit and lending funds, while also keeping dry powder available for single-family foreclosure opportunities. Christy shares why she's still looking at single-family for tax planning purposes and why she recently invested in a non-performing loan fund after getting comfortable with the math, risk profile, and strategy. Then the group digs into a nuanced but important LP topic: return of capital vs. return on capital. Christy breaks down how distributions can either reduce your invested basis or represent earnings on top of your original investment, and why that difference can impact taxes, pref calculations, redemption mechanics, and long-term portfolio tracking. The panel debates whether return of capital truly de-risks an investment, how compounding can quietly increase exposure to a single deal or operator, and why LPs need to understand how these mechanics are written into the legal documents. Finally, the roundtable turns to sponsor questions and due diligence etiquette. Adam shares a recent example of an operator who stopped accepting capital from PassivePockets members because the volume of questions became too time-consuming. The group debates where the line is between reasonable diligence and overwhelming a sponsor, why LPs should not be afraid to ask thoughtful questions, and how operators can reduce friction with better data rooms, clear reporting, and transparent communication. The takeaway: ask the questions, understand what you're asking, and remember that good diligence continues after the wire is sent. Key takeaways: How experienced LPs are repositioning portfolios across retail, debt funds, NPLs, and single-family rentals Why Adam passed on a strong sponsor when the deal fell outside their proven market expertise How Pascal thinks about diversification, cash flow, and protecting family capital Why Christy is focused on tax planning, single-family exposure, and non-performing loans The difference between return of capital and return on capital, and why it matters How compounding can unintentionally increase concentration risk Why LPs should ask better questions, not just more questions How data rooms, reporting, and sponsor communication can make diligence more efficient Why post-investment follow-up is just as important as upfront diligence Join a community of passive investors. Start your FREE 7-day trial: https://passivepockets.com/?utm_source=youtube&utm_medium=description&utm_campaign=none Listen to the PassivePockets Podcast Anywhere: https://lnk.to/passivepockets Subscribe to the Passive Investing Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Join BiggerPockets for free: https://www.biggerpockets.com/signup?utm_source=owned_media Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

Richard McGirr is the co-founder of Property Llama and Property Llama Capital, an income focused fund of funds sponsor that helps accredited investors turn underperforming real estate equity into passively managed, cash flowing investments. He also hosts Unlimited Capital on the Best Ever CRE network, where he covers capital raising, fund operations, and the business of building investment platforms. A lifelong entrepreneur, Richard started his first company in college and later spent eight years in China building a software engineering services firm to more than 85 employees. Wanting assets that worked for him instead of headcount, he moved into single family rentals and eventually partnered with Chris Lopez to launch Property Llama. Today his firm invests exclusively in debt funds, using a fund of funds structure to convert idle equity into contractual monthly income. Richard McGirr joins John to explain why so many long-term single family landlords are sitting on millions in equity while earning almost nothing in cash flow. Using data from roughly 6,000 rentals inside the Property Llama platform, where the average return is negative 1% cash on cash, Richard breaks down how a decade of appreciation and debt paydown quietly eroded return on equity. From there, the conversation turns to debt funds. Richard explains how hard money lending to flippers works, why six month loan terms and LTV cushions change the risk profile, and where the real danger sits. He also walks through the fund of funds structure behind Property Llama Capital, the fee discount he negotiated by committing scale, and the operational audit he runs on any lender before placing a dollar with them.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways  Re-underwrite your rentals at today's values, not your purchase price  Track return on equity, not just cash flow, as debt gets paid down  Debt funds pay contractual cash flow from day one, backed by an LTV cushion  Shorter loan terms shrink the window for things to go wrong  Fraud, not default, is the risk that wipes out lenders  Diversify across a loan pool instead of funding one deal at a time     Topics From Software Founder to Real Estate Investor  Built a software engineering services firm in China to over 85 employees  Left a headcount driven business in search of cash flowing assets  Partnered with Chris Lopez by adding value to an already established operator Why the Average Single Family Rental Returns Negative 1%  Roughly 6,000 rentals in the Property Llama system average negative 1% cash on cash  Rents are flat or falling while insurance, vacancy, and CapEx climb  Richard's own Colorado Springs rent fell about 30% after a supply wave The Return on Equity Problem  The education industry teaches investors how to buy, not how to reassess what they own  A property bought at a 7 cap can become a 3.5 cap when values outpace rents  80% LTV becomes 20% LTV, and returns slide from the high teens into single digits The Equity Rich, Income Poor Landlord  Typical client holds 3 to 8 rentals with several million in equity near retirement  Most target $10,000 to $20,000 a month and sit closer to $3,000  Cash out refinances no longer close the gap at current rates Debt Funds 101  A pool of performing loans secured by title on real property  Hard money lenders fund flippers who need high LTV and five day closings  Fully loaded returns run 15% to 18% including origination Why Hard Money Risk Is Structurally Lower  Six month terms limit what can go wrong versus a ten year horizon  A 25% LTV cushion rarely erodes inside six months  Single family homes are the easiest real estate asset to liquidate Fund Investing vs. Lending on Your Own  Private lending demands underwriting, fast closings, draw management, and workouts  A single Denver flip loan can require $1.3 million of capital  $100,000 into a fund buys a slice of 50 loans instead of one Lending Is a Real Operating Business  Lenders run origination, marketing, servicing, and accounting departments  On a 50 loan book, roughly 8% pays off every month and must be replaced  Richard's largest lender partner employs 40 people Building the Fund of Funds Model  Property Llama Capital launched asset light and headcount light by design  Raising capital for another sponsor's deal without a license is a serious violation  Committing $5 million earned a 30% fee discount, split evenly with LPs How Richard Audits a Lender  Request written credit box, servicing, and draw processes  Sample 20% of the loan tape and match a document to every step  Verify title at the county and confirm payoff wires in the bank account    

Chad McWhinney has been building in Colorado for more than three decades. As co-founder and CEO of Realberry, formerly McWhinney, Chad has helped shape some of the state’s most recognizable places. In fact, his portfolio includes Denver Union Station, Dairy Block, the Crawford Hotel, and Centerra in Northern Colorado. In this conversation with Chris Lopez, Chad walks through his origin story, the philosophy behind the firm, and the vision guiding Realberry’s next chapter. Chad and his brother Troy co-founded what is now Realberry after Chad moved from Southern California to Loveland at age 19. From there, the conversation traces the story behind Centerra. Specifically, it covers putting options on Loveland farmland in the early 1990s and closing on 3,300 acres through Farm Credit Services in 1997. Next, it moves through the eleventh-hour partnership that brought the McWhinney family into Denver Union Station. Along the way, Chad also explains how the firm thinks about asset allocation and why long-hold, aligned capital produces better real estate outcomes than short-term institutional capital. Today, Realberry is one of Colorado’s most established privately-held real estate platforms. For example, the firm has earned ULI Awards of Excellence at both Denver Union Station and Dairy Block, and Michelin Keys recognition at the Crawford. In addition, the firm is backed by roughly 300 long-term investors, many of whom have been with the firm for over 30 years. Notably, Realberry also locked approximately $1.7 billion in long-duration debt at near-zero rates before COVID, protecting investor capital through the current rate cycle. Overall, the recent rebrand from McWhinney to Realberry reflects the firm’s move to broaden investor access. Beyond that, Chad shares his read on Colorado’s evolving legislative environment. Ultimately, he closes with his view that tokenization will eventually give individual investors direct access to institutional-grade real estate. In This Episode We Cover: The origin story behind Realberry and how Chad ended up in Colorado Assembling 3,300 acres in Loveland through a patient land-option strategy The public-private partnership behind Centerra How Realberry became part of the Denver Union Station and Dairy Block redevelopments Chad’s read on Colorado’s multifamily supply cycle and the current market Where growth is concentrated in Northern Colorado The Realberry rebrand and the firm’s long-view capital thesis Why family capital builds better real estate than institutional capital Stay tuned for upcoming episodes featuring Realberry’s leadership team and behind-the-scenes property walks through some of Denver’s most recognizable developments. Watch the Youtube Video https://youtu.be/z3y_DqgDKdY Timestamps 00:00 Welcome and Guest Introduction 01:10 From Southern California to Colorado 05:21 Assembling 3,300 Acres in Loveland 09:50 Building Centerra 14:12 The Denver Union Station Partnership 25:54 Portfolio Approach Across Asset Classes 27:50 Colorado Multifamily Outlook 32:03 Colorado Legislative Environment and Capital Sentiment 36:11 Northern Colorado Growth 38:50 The Realberry Rebrand 41:41 Tokenization and Investor Access 47:12 Long-Hold Capital and Placemaking 51:49 Closing and Upcoming Episodes Links in Podcast Realberry Website: https://www.realberry.com Portfolio: https://www.realberry.com/portfolio LinkedIn: https://www.linkedin.com/company/realberryinvest Instagram: https://www.instagram.com/realberryinvest Investor inquiries: ir@realberry.com Chad McWhinney LinkedIn: https://www.linkedin.com/in/mcwhinneychad/ Books referenced in the episode The Warren Buffett Way by Robert G. Hagstrom Rich Dad Poor Dad by Robert Kiyosaki Who is Realberry? Realberry, formerly McWhinney, is a Denver-based real estate investment, development, and management firm founded in 1991 by brothers Chad and Troy McWhinney. For nearly 35 years, the firm has focused on creating places people love, with a portfolio spanning master-planned communities, multifamily, hospitality, industrial, and mixed-use developments. Its work includes Denver Union Station, Dairy Block, the Crawford Hotel, and Centerra, and has earned ULI Awards of Excellence, Michelin Keys, and U.S. News Best Hotels recognition. Realberry is family-founded, community-centered, and future-focused.

Worship led by Chris Lopez & Krystal Lopez

In Q2 2026, 5 of 6 Denver detached home segments posted negative price growth. Only homes above 2,991 square feet were positive, up 1.6%. That’s the kind of detail that gets averaged out when you only look at metro-level numbers, and it’s the reason this Q2 2026 Denver real estate recap goes segment by segment through Your Castle Real Estate’s quarterly trends packet. Chris Lopez walks through Your Castle’s Q2 2026 Denver Metro Trends packet in this solo episode. This isn’t a monthly market snapshot. It’s a quarterly deep dive that goes underneath the metro average to show where the real Q2 price action was happening. When you break the detached market into six size buckets, the smaller homes were down 2 to 3% while only the largest segment held positive ground. On the condo side, units under 750 square feet were down 12% while the largest condos held flat. That’s why flippers Chris talks to shifted toward $800,000 and million-dollar-plus homes through the first half of 2026 rather than hunting the entry-level market. Chris also walks through the 50-year log-scale view of Denver home prices, comparing today’s slow correction to the harder resets of the GFC and the 1980s, and closes with a pricing lesson from Q2 transaction data. In This Episode We Cover: Why this Q2 recap is a quarterly deep dive rather than a monthly panel update The six detached home segments where 5 of 6 were negative in Q2 Why the only positive detached segment was homes above 2,991 square feet The condo breakdown where units under 750 square feet fell 12% Why flippers shifted toward $800K and million-dollar homes Where Denver home prices sat on a 50-year log scale after Q2 How today’s correction compares to the GFC and 1980s resets Why priced-right homes sold in 12 days and mispriced ones took 68 The Q2 2026 Denver real estate recap from Your Castle’s data shows a segmented market where the pressure sat almost entirely on smaller detached homes and small condos, while the largest homes held or gained. Whether you’re a buyer, seller, or holder, this recap gives you the segment-level read on what actually happened in Q2 and where the openings showed up. Watch the Youtube Video https://youtu.be/ounSxyjILOE Timestamps 00:00 Intro 02:11 – The Denver inventory surprise that caught Chris off guard 04:22 – Why the metro average is hiding the real Q2 story 05:11– The only home size that gained value last quarter 07:05 – Why flippers moved into luxury homes in Q2 08:27 – Where Denver condo prices took the biggest hit 09:26– Denver home prices on a 50-year view 14:11 – The pricing rule that separates 12-day sales from 68 Links in Podcast Your Castle Real Estate Q2 2026 Denver Metro Trends packetEmail Chris: chris@propertylama.com

Is your rental portfolio working as hard as you think it is? Many landlords celebrate growing equity, but Chris Lopez explains why that equity may actually be producing very little cash flow. This episode explores a different way to measure performance by looking at return on equity instead of only cash on cash returns. Chris walks through the simple framework he uses every year to evaluate every rental property. He explains when it makes sense to keep a property, refinance it, or sell it and reinvest elsewhere. Along the way, he discusses common mistakes landlords make, including charging below market rents, becoming overly focused on taxes, and carrying too much idle equity. Key Topics Why return on equity gives a clearer picture of portfolio performance The Keep, Refi, Sell framework for annual portfolio reviews How below market rents reduce long term returns Why conservative leverage can reduce risk When paying taxes may actually be the better investment decision Guest Information Chris Lopez is a real estate investor, broker, software founder, and podcast host who helps landlords optimize rental portfolios for stronger cash flow. Website: PropertyLlama.com Call to Action Learn more about PropertyLlama by visiting PropertyLlama.com and review your own rental portfolio using Chris's annual framework.

Episode #281 See what others have to say about the deal and join the conversation: https://passivepockets.com/forums-listing/discussion/new-deal-dlp-capital-preferred-credit-fund/ Check out the DLP Preferred Credit Fund for yourself: https://passivepockets.com/directory/deals/dlp-preferred-credit-fund/ This Episode In this special LP Deal Review episode, Chris Lopez is joined by Adam Cranmer and Pascal Wagner to evaluate DLP Capital's Preferred Credit Fund with Don Wenner, founder and CEO of DLP Capital. Don walks through the fund's strategy, target return profile, underwriting process, borrower standards, and how DLP approaches development, construction, bridge, mezzanine, and preferred equity lending in today's market. The discussion digs into why DLP focuses on housing that is affordable for working families, how the firm thinks about lending in high-growth Sunbelt markets, and what separates its Preferred Credit Fund from a senior secured lending fund. Don also addresses several of the key diligence questions LPs should be asking right now, including geographic concentration risk in Florida and Texas, loan-to-value and loan-to-cost metrics, borrower concentration, third-party validation, fund administration, internal controls, and how rising interest rates could affect the fund's risk profile. After Don leaves the conversation, Chris, Adam, and Pascal break down the fund from an LP perspective. They discuss what they like about DLP's track record, reporting, borrower quality, and institutional infrastructure, while also highlighting the risks they are watching closely, including mezzanine exposure, state concentration, self-dealing concerns, fees, macro uncertainty, and whether the return spread is attractive enough compared to risk-free alternatives. The episode closes with a broader conversation about how LPs should think about risk, liquidity, debt versus equity, and portfolio construction in an uncertain investing environment. Key takeaways: How DLP's Preferred Credit Fund targets monthly income through private real estate credit Why DLP focuses on housing affordability, experienced borrowers, and Sunbelt growth markets How Don compares mezzanine and preferred equity risk to senior secured lending fund risk What LPs should ask about loan-to-value, loan-to-cost, borrower concentration, and fund-level controls Why third-party audits, appraisals, loan tapes, and investor reporting matter in debt fund diligence How experienced LPs think about DLP's strengths, yellow flags, fees, concentration risk, and macro exposure Why each investor needs a clear portfolio thesis before choosing between cash, Treasuries, debt funds, or equity deals Join a community of passive investors. Start your FREE 7-day trial: https://passivepockets.com/?utm_source=youtube&utm_medium=description&utm_campaign=none Listen to the PassivePockets Podcast Anywhere: https://lnk.to/passivepockets Subscribe to the Passive Investing Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Join BiggerPockets for free: https://www.biggerpockets.com/signup?utm_source=owned_media Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

Denver’s rental market is telling two very different stories right now. Single-family homes are holding their rent levels year over year, but condos and older multifamily units are getting hit hard. Eric Ross of CRT Management walked through three Denver submarkets that show the split clearly, and the numbers are sobering for anyone holding condo or small multi inventory. Chris Lopez sits down with Eric, who manages 950 doors across the Denver metro and has spent 18 years in local property management. Eric pulled real Zillow data from Aurora North, the 225 and Chambers corridor, and the Wheat Ridge and Lakewood submarket. In one Aurora zip code, there are 48 single-family rentals available compared to 590 condo and multifamily units competing for the same tenants. One-bedroom rents in that pocket have dropped to $745 a month, levels he hasn’t seen in over a decade. Robinwood tells the story even more sharply. Two years ago, Eric was getting nearly $2,700 for a three-bedroom through the Housing Choice Voucher program. Today, those same units are renting closer to $1,895, pricing that takes the complex back to 2018 and 2019 levels. Eric also breaks down why Denver County logged 15,953 eviction filings in 2025, which is up roughly 72% from pre-pandemic levels, and what Colorado’s recent legislation around income requirements, credit checks, and habitability has done to landlord operations. In This Episode We Cover: Why single-family rents are holding while condos and older multi keep softening The Aurora submarket with 590 competing condo and multi listings How the Robinwood rent drop from $2,700 to $1,895 reflects the broader condo market Why HUD did a mid-year Fair Market Rent adjustment in late 2025 How the 2x rent income mandate is driving evictions higher Eviction timelines now running 50 to 90 days depending on notice type A risk mitigation partnership giving landlords up to $10,000 per tenancy in protection Eric also shares his outlook for mid-2027 rents and what he thinks needs to happen for the market to stabilize. Whether you own a single-family rental, a condo, or a small multi in the Denver metro, this conversation gives you the ground-level data you need to make smart decisions through the rest of this cycle. Subscribe to the Denver Real Estate Investing Podcast for new episodes every Tuesday. Watch the Youtube Video https://youtu.be/qiAhYZAzw0s Timestamps 00:00 – Welcome and Eric Ross introduction 02:15 – 2025 vs 2026 rent comparison across unit types 06:08 – Aurora North submarket, 48 single-family vs 590 condos and multi 11:03- Comparing today’s cycle to 2008 12:48 – 225 and Chambers submarket and the Robinwood case study 17:12 – HUD’s mid-year Fair Market Rent adjustment 22:45 – Wheat Ridge and Lakewood submarket breakdown 25:04 – Denver eviction filings up 72% from pre-pandemic 26:35 – How the 2x rent income mandate is driving evictions 30:14- Eviction timelines and the 10-day vs 30-day CARES Act split 34:00 – Violence Against Women Act protections and compliance cases 36:30- The House Bill 1090 utility billback fix 40:03 – Risk mitigation through private and public housing partnerships 47:27 – Rent forecast for mid-2027 Links in Podcast CRT Management Website: CRTManage.comCRT Management Email: info@CRTManage.comEric Ross on LinkedIn: https://www.linkedin.com/in/ericrossindnever/Workforce Housing CoalitionAAMDColorado Coalition for the Homeless Rocky Mountain Human Services

Worship led by Chris Lopez & Krystal Lopez

This Episode Pat Zingarella joins Chris Lopez to share the story behind Invest Clearly, a platform built to bring more transparency to the private real estate investing world. Pat's journey started like many BiggerPockets listeners: learning through podcasts, buying his first small multifamily property, making painful mistakes, and slowly realizing how hard it can be for LPs to know who they can trust. Pat walks through the lessons from his first fourplex, including inherited tenants, COVID-era nonpayment, poor screening decisions, and the difference between blaming real estate versus recognizing where his own due diligence fell short. He also shares how a later experience working under a high-profile real estate figure exposed him to the darker side of the industry and helped shape his view that LPs need better tools, better transparency, and better ways to validate sponsors before wiring capital. Chris and Pat dig into how Invest Clearly works today: a directory of GPs, verified LP reviews, proof-of-investment requirements, and a growing database designed to help investors compare sponsor experiences in one place. They also discuss why reviews matter, what happens when operators try to suppress negative feedback, and why community-driven transparency can help separate strong sponsors from bad actors. Key takeaways: How Pat went from BiggerPockets listener to active investor to building Invest Clearly What his first fourplex taught him about screening, reserves, trust, and due diligence Why private real estate needs more transparency around GP track records and LP experiences How Invest Clearly verifies reviews and helps LPs research sponsors Why negative reviews, legal threats, and transparency are becoming bigger issues in the industry How communities like PassivePockets and tools like Invest Clearly can help LPs make better-informed decisions Join a community of passive investors. Start your FREE 7-day trial: https://passivepockets.com/?utm_source=youtube&utm_medium=description&utm_campaign=none Listen to the PassivePockets Podcast Anywhere: https://lnk.to/passivepockets Subscribe to the Passive Investing Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Join BiggerPockets for free: https://www.biggerpockets.com/signup?utm_source=owned_media Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

An indoor family entertainment concept that started in Aurora is quietly on track to become a billion dollar enterprise, and most Colorado investors have not heard the story yet. Lava Island opened its first park in 2018 and now operates 11 locations across the country, with every single new park cash flowing positive in its first month. Chris Lopez sits down with Dan Price, managing partner at Amplify Capital, to break down the Lava Island investment opportunity. Dan came to this deal after a 9-figure exit in insurance services and is now the single largest investor in the offering, calling it a once in a couple decades opportunity. The conversation covers what makes Lava Island structurally different from Urban Air, Sky Zone, and Boondocks. The 2 to 12 age focus, the absence of arcades and go-karts, and a staffing model that runs on roughly 40 people versus 120+ at competitors all combine into a simpler, lower liability, higher margin business. Dan gets specific on the numbers behind the Lava Island investment opportunity. The original Aurora location did 6 million in top line revenue on 10 dollar hourly passes. Each new build costs around 4.5 million. The reinvestment fund is modeled at a 6.8x MOIC with target exit in late 2029 or early 2030. The cash flow fund delivered a 16.44 percent annualized distribution in May and is projected to hit the mid 30s by the end of next year. Accelerated depreciation gave 2025 investors 1.17 dollars in deduction losses per dollar invested. For offering details and data room access on the Lava Island investment opportunity, reach out through ampcap.co. In This Episode We Cover: Why no arcades, no go-karts, and a 2 to 12 age focus is the competitive moat How Lava Island scaled from 1 location to 11 in roughly 2 years The vertically integrated construction model with hand-painted murals at every park Why every new location has been cash flow positive month one The 6.8x MOIC reinvestment fund vs the cash flow fund paying monthly distributions How accelerated depreciation wiped out gains for 2025 investors Why Dan believes this is a once in a couple decades opportunity This is the most aggressive offering Lava Island will run before terms tighten in future raises. If you have wanted exposure to a proven family entertainment concept with national expansion underway, this is the episode to listen to before reaching out. Watch the Youtube Video https://youtu.be/M3Q3VOwRg88 Timestamps 00:00 Welcome and intro to Lava Island family entertainment investment 01:30 Dan Price background ranching roots to 9-figure insurance services exit 05:04 From Narrate Ventures to Amplify Capital growth capital rebrand 06:54 Why founders need partners painful and lonely journey 08:23 What Lava Island is 2 to 12 age focus vs Urban Air Sky Zone Boondocks 13:03 Operating leverage 40 staff vs 120+ at competitors 14:45 Liability de-risked no go-karts no climbing walls no teenagers 16:24 Founders Boyd and Celeste 15+ years building parks across Europe 23:06 CEO Chase hired with one location pedigree of scaling exits 25:34 Vertically integrated construction Polish muralists hand-paint every wall 28:44 11 locations open expansion to 40+ targeting billion dollar enterprise value 31:04 Every location cash flow positive month one 32:04 Reinvestment fund 6.8x MOIC modeled returns and qualified purchaser requirement 34:25 Cash flow fund 16.44% annualized May distribution mid 30s projected 35:06 Accelerated depreciation $1.17 deduction per dollar invested in 2025 36:41 How to reach Amplify Capital Links in Podcast Amplify Capital Lava Island Reach out to Chris and the team by emailing chris@propertyllama.com for a warm intro to Amplify Capital or to discuss the opportunity further.

Two single-family houses on one lot in Denver for $610,000. A 4-bedroom front house and a 5-bedroom back house, each with separate entrances, separate utilities, and two addresses. As a result, you get the kind of house hack property that pops up maybe one to five times a year on the MLS. In this episode, we break down Jeff White’s 10th house hack, which closed in early May. First, Chris Lopez sits down with Jeff and Troy Howell of Nova Home Loans to unpack the numbers, the loan structure, and the strategy stack behind the deal. To start, Jeff and his wife Suleyka began their house hack journey in 2017 with a single fourplex, replacing a $1,500 monthly mortgage payment with $0. Nine years later, they’re hitting double digits. Meanwhile, Troy structured the financing at 5.625 percent with $24,500 in seller credits. Next, Jeff walks through how he found the deal, why the listing agent picked his offer over a higher one, and the strategy stack he ran before going under contract. For example, market rents pencil at $5,800 a month. By comparison, rent by room hits $7,200. Then, Section 8 lands at $6,900. Ultimately, the sober living triple net play Jeff landed on pays $3,600 per house with the operator covering all utilities on a 5-year lease. In This Episode We Cover: Why two houses on one lot is essentially a 2-for-1 house hack at $300K per single-family equivalent How a daily 10-minute search routine across 7 saved searches caught this house hack deal on day one The $24,500 seller credit that bought down the rate and covered the PMI buyout Why positive leverage is back in Denver with cap rates above interest rates House hack year 2 numbers – $2,787 monthly cash flow and 41% cash on cash Investor scenario at 25% down – $3,011 monthly cash flow and 11% cap rate Why this is the best Denver buying window since 2017 for house hackers and investors The $85K discount one client just got by making a “disrespectful” offer If you’ve been waiting on the sidelines for Denver to make sense again, this house hack breakdown shows what’s actually getting done in 2026. Watch the Youtube Video https://youtu.be/Dx4IWh2r8cI Timestamps 00:00 – Welcome and intro to the 10th house hack  02:38 – The 10 house hack milestone starting in 2017  03:11 – Every strategy tried along the way  07:09- How to hit 10 house hacks in 9 years  08:50- The daily search routine – 7 saved searches  09:57- The property – two houses, one lot, $599K  11:18- Why the listing agent picked this offer  15:39 – Running the strategy stack on this property  -20:00 – The sober living triple net play  20:52 – Loan details with Troy at 5.625%  22:10- The $24,500 seller credit story  24:38 – Investor scenario – $3,011 monthly cash flow  29:09 – Year 2 house hack – 41% cash on cash  30:25- Positive leverage and an 11% cap rate  35:38- The $85K discount client story  36:25 – Best buying time since 2017 Links in Podcast Jeff White: jeff@envisionrea.com Troy Howell: troy.howell@novahomeloans.com LinkedIn: Troy Howell Website: https://www.novahomeloans.com/loan-officer/troy-howell/ Denver House Hacking Spreadsheet Who is Nova Home Loans? Website: https://www.novahomeloans.com/loan-officer/troy-howell/ For over 40 years, we've been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today! NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO

In this episode, Chris Lopez welcomes Christine Kwasny back to the show to break down the Risk Radar, a visual due diligence tool she built to help LP investors better understand where risk shows up in a private real estate deal. The tool grew out of Christine's Substack, Net Zero Is a Win, where she publishes retrospective deal analyses on what went right, what went wrong, and what investors may have been able to identify in the original offering materials. Christine walks through the Risk Radar's three major categories: what is fixed at closing, what is sponsor driven, and what is market driven. Chris and Christine discuss how LPs can evaluate GP team history, “cockroach” risks, going-in cap rates, debt terms, reserves, expense assumptions, capital stack structure, waterfalls, exit cap rates, supply and demand, rent growth, absorption, and vacancy. They also explore why retrospective analysis is one of the best ways to test whether risk was visible up front, why market timing can dominate long-term outcomes, and how tools like AI may help investors gather better data without outsourcing their own judgment. Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

In this LP Deal Review, Chris Lopez is joined by Adam Cranmer and Christy Burakovsky to evaluate CL Fund III from Central Lending, a private credit fund focused on short-term residential real estate loans for fix-and-flip, ground-up construction, and small-balance investor projects. Andrew Boccia and Heather Dreves walk through Central Lending's lending model, portfolio composition, underwriting process, use of leverage, investor share classes, and how the fund sits between traditional fixed-income strategies and higher-upside real estate syndications. The conversation gets into why Central Lending focuses on smaller loan sizes, how it uses third-party valuations, what it tracks across borrower experience and credit quality, and why fraud detection has become a major part of private credit underwriting. The LP panel then digs into the questions passive investors should be asking before investing in a debt fund: how loans are valued, what happens when a borrower defaults, how draw management can reveal problems before maturity, whether loan tapes and audited financials are available, how leverage impacts returns and risk, and what investors should understand about redemptions. For LPs evaluating private credit, this episode offers a practical look at what sits behind headline yield: underwriting discipline, loan-level monitoring, loss mitigation, liquidity management, and alignment between the fund manager and investors. Key Takeaways How Central Lending underwrites private credit deals across current cost, collateral value, final cost, and after-repair value Why borrower experience, draw activity, and communication can be early indicators of loan performance How the fund uses third-party valuations, internal QC, and fraud detection to manage risk across multiple states The difference between equity members and note holders, including return structure, payout timing, and priority in the waterfall How origination fees, extension fees, leverage, and loan sales can contribute to fund-level returns Why redemption policies matter in debt funds and how managers balance investor liquidity with protecting the fund as a whole Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

The Denver May 2026 real estate market update delivered a surprise nobody saw coming. Active inventory dropped nearly 10% year over year, the first time that’s happened in years. Everyone expected the opposite. With affordability stretched and rates still elevated, the consensus was that inventory would keep climbing through 2026. Instead, new listings collapsed 17.2% and sellers are choosing to wait rather than test a softer market. Chris Lopez sits down with Jeff White of Envision Advisors, Brandon Scholten of Keyrenter, and Troy Howell of Nova Home Loans to unpack what’s actually happening underneath the headline numbers. Attached property average prices ticked up 3.4% year over year, days on market nearly tripled the median in some categories, and 71% of Denver agents closed zero deals last year. Then Brandon walks through Keyrenter’s new 3-7-12 day vacancy management plan and shares a real example where a $1,600 rental dropped to $1,475 by day seven and leased before the next adjustment. The team also breaks down why some Denver short-term rental operators are looking at midterm conversions as commercial tax rates eat their margins. The episode closes with a full deal breakdown on a Loveland fourplex at $685K with $27K in seller credits, all units renting at $1,400, and a creative third-bedroom conversion play hiding in the enclosed patios. This Denver May 2026 real estate market update covers the data, the strategy shifts, and the deal mechanics investors need to act on right now. In This Episode We Cover: Why Denver inventory dropped instead of climbing in May 2026 The 3-7-12 day rental pricing plan that’s cutting Keyrenter’s vacancy How short-term operators are dodging commercial tax rate hits The Loveland fourplex deal at $685K with $27K in concessions Why most lenders can’t or won’t structure post-closing contractor credits How to convert an enclosed patio into a third bedroom for higher rents If you invest in Colorado real estate or are watching the Denver housing market in May 2026, this episode covers the data and decisions that matter right now. Watch the Youtube Video Timestamps 00:00 Welcome and Panel Introductions Links in Podcast Troy Howell: troy.howell@novahomeloans.com LinkedIn: Troy Howell Website: https://www.novahomeloans.com/loan-officer/troy-howell/ Brandon Scholten: brandon@keyrenterdenver.com Website: https://keyrenterdenver.com/ Jeff White: jeff@envisionrea.com Now Hiring at Keyrenter Denver Keyrenter is hiring for a new midterm rental position to spearhead the Midterm Rental division. The role involves networking, client and tenant relations, and potentially some traditional leasing duties to start. Ideal candidates have some real estate investment experience of their own, whether that’s a house hack, a small rental portfolio, or active involvement in the local investor community. It’s a good fit for someone who wants to combine their investing interest with a day job in property management. Interested candidates can email amber@keyrenterdenver.com. Who is Keyrenter? Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver's team of experts can take the clients' burden of managing their rental off their hands so they can get back to what matters to them. Who is Nova Home Loans? For over 40 years, we've been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today! NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO

In this Community Roundtable, Chris Lopez sits down with PassivePockets members Pascal Wagner, Adam Cranmer, and Christy Burakovsky for a candid investor-to-investor conversation on how they're allocating capital right now and what would make them change course. Pascal frames the dilemma many LPs are feeling: with risk-free rates near 5% and major macro signals flashing red (record debt loads, expensive public markets, and uncertainty around where rates settle), does it still make sense to allocate to interest-rate-sensitive commercial real estate? He shares how he's thinking about portfolio construction with fresh liquidity and why he's prioritizing stable income and downside protection before chasing upside. Adam and Christy offer counterweights: where fear can create opportunity, why liquidity matters, and how they're approaching “safer” yield today (short-duration debt funds, notes, treasuries) while keeping dry powder for dislocated assets. The conversation also explores where each of them sees asymmetric opportunity: distressed commercial, non-performing loan strategies, medical office, assisted living tailwinds, and long-term fixed-rate debt structures that avoid the five-to-seven-year refinance trap. Key Takeaways Why some LPs are pausing syndication allocations and leaning into cash/T-bills and what would change their mind The “income-first” portfolio approach: build stable cash flow, then take higher-upside bets Where investors are hunting opportunity: distress, NPLs, office dislocation, medical office, and long-term fixed-rate debt plays Why HUD-style long-term amortizing debt can change the risk profile of a deal dramatically Mezz vs. leveraged first-lien funds: the real differentiator is control of the underlying collateral The underrated skill in 2026: staying liquid enough to act when the “no-brainer” window opens Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

Chris Lopez from the Free State Project joins me to discuss the FSP, her life as a paraplegic, and why she values libertarianism. Subscribe via this link, or where ever pods are cast. Support my advertiser Think Penguin: This podcast is covered by the BipCot NoGov license. This allows use and re-use by anyone except governments and government agents. Learn more at https://bipcot.org Support me on patreon: Send Bitcoin: 1MnoYoPirXQHfhknDxbDHhLsF9u7kUggKy Send Bitcoin Cash: qpp62s8uupdqkrfew7vgp805pnsh5jk2ncnfkndwrd Dash: XpApo1jcPzTJyLLB6G8GJ7DoW9CGjcV5xT Ether: 0xFb1a23163bea743BB79B93849D864ad070597855 Lightcoin ltc1q6ygsamrkwl0at93datyqfh47z4crg4jkg4fx30

Financial wellness in optometry is becoming one of the profession's most important conversations. During a recent episode of the Depth Perception Podcast, Dr. Jasdeep Singh, Dr. Svetlana Nunez, and Dr. Chris Lopez explored the realities behind income, student debt, burnout, and long-term financial success in eye care. Using insights from the 2026 ODs on Finance […]

Three years into a Denver luxury redevelopment, Paul DeSalvo knows what real estate development mistakes actually cost. Paul, a Denver real estate investor and broker, is back to walk through every one of them. In this episode, Paul returns to update host Chris Lopez on a sweeping redevelopment in Berkeley, Denver — a 1902 Victorian transformed into a 5,500 sq ft, 6 bed/6 bath luxury home with an 850 sq ft ADU and 3-car garage. He shares what went well, what hit hard, and what every investor should know before breaking ground on a project like this. The budget surprises alone tell the story. A foundation that needed a full rebuild added $75,000 to the project. An asbestos mass spill ran $30,000. Denver’s Affordable Housing fee — charged on any addition over 400 sq ft — came in at $25,000, a cost neither Paul nor his GC had flagged. A new water line tap added another $12,000. Combined with items left off the original budget entirely and inflation across lumber, drywall, and appliances, the project pushed well past the original estimate. The contractor selection story is the most instructive of all the real estate development mistakes covered in this episode. Paul and Val interviewed five or six GCs. Most bids came back between $1.8M and $2.1M. One came back at $1.2M. They went with the low bid. That contractor’s experience turned out to be primarily remodels and pop-tops — not ground-up luxury construction. By the time the project wrapped, costs had converged right where the other bids landed. Paul walks through exactly what he would look for differently and why verifying the type of experience matters as much as verifying the experience itself. In this Episode: Why the lowest GC bid on a luxury build is often the most expensive choice How to verify contractor experience by project type, not just project count The Denver Affordable Housing fee and how it catches smaller developers off guard What scope creep actually looks like on a high-end redevelopment and how to manage it Why architect and builder coordination failures cost more than either party’s mistakes alone What has gone well on the project and what Paul is genuinely proud of Paul’s honest take on whether he’d take on a project like this again If you are planning a luxury build or any ground-up construction project in Denver, this episode is a practical field guide from someone who has lived every one of these real estate development mistakes and made it to the other side. Watch the Youtube Video https://youtu.be/C0VvCr-O_7w Timestamps 00:00 – Welcome and project recap — Paul returns to update on his Berkeley, Denver build  01:15 – Off-market acquisition — how a neighbor relationship led to buying the 1902 Victorian  03:26 – Full project scope — 5,500 sq ft total, 6 bed/6 bath, ADU, 3-car garage, five fireplaces  06:30 – GC selection process — interviewing five or six contractors and how they made the call  07:49 – The experience gap — why pop-top and remodel experience doesn’t carry over to ground-up luxury builds  12:02 – Budget blind spots — items left off entirely, inflation, and the real cost of scope creep  15:15 – Denver’s Affordable Housing fee — an unexpected $25,000 charge tied to additions over 400 sq ft  16:50 – Asbestos mass spill and foundation rebuild — $30,000 and $75,000 in back-to-back surprises  18:24– What has gone well — design outcome, ADU pace, and finishes staying on schedule  19:44 – Advice for luxury builds — why low bid outliers deserve the most scrutiny, not the least  23:40 – Architect and builder coordination — why cohesive team relationships are as important as individual credentials  24:46– Paul’s outlook on future development — honest take on whether he’d do it again Links in Podcast Connect with Paul DeSalvo firehousehomes@gmail.com Fire on FIRE Investing https://fireonfire.org/ Paul co-founded Fire on FIRE Investing alongside fellow firefighter Jamin to help first responders build financial security through real estate. The organization offers one-on-one consultations and education covering single-family rentals, house hacking, multifamily, 1031 exchanges, and passive investing opportunities.

Worship led by Chris Lopez & Crystal Lopez

The Denver housing market April 2026 update shows a familiar story. Prices have been flat for three straight years. Rents have softened back to levels not seen since late 2021. So where does that actually leave Colorado investors right now? Chris Lopez brings the full panel together for this monthly update. Jenny Bayless covers the Colorado Springs market as both a broker and active investor. Jeff White of Envision Advisors tracks Denver’s small multifamily market closely. Brandon Scholten manages over 1,000 units at Keyrenter Denver and owns rentals himself. Troy Howell of Nova Home Loans rounds out the group with a lender’s perspective across Colorado. The panel works through the DMAR April report together. Denver’s median closed price sits at $605,000 this month, essentially unchanged from $604,000 in April 2025 and $602,000 in April 2024. In inflation-adjusted terms the market is down. Detached single family is holding, up about 1% year over year. The average condo price is down nearly 5% year over year. In the Springs, the median sits at $480,000 with sales up 8.5% month over month and month supply at 3. Rentals get a close look too. Concessions are up. Rents have pulled back to near Q4 2021 levels. The panel then turns to co-living and room-by-room rentals. Operators who bought into the model three to four years ago are now trying to exit. Co-living property managers typically last 6 to 12 months. PadSplit requires roughly a $30,000 retrofit, furnished rooms and ongoing maintenance responsibility — and the exit problem may be just as significant as the operational one. In This Episode We Cover: Why the Denver housing market’s April 2026 data shows prices flat for a third straight year How rents have pulled back to late 2021 levels and what landlords are doing about it Why co-living operators are looking for the exit and what the PadSplit model actually costs Governor Polis’s push to cut Colorado’s average $4,200 homeowner’s insurance premium by $800 What 22,000 YourCastle transactions revealed about the NAR commission settlement Jenny’s decision to sell and pay down debt, and Jeff’s 10th house hack in West Denver If you invest in Colorado real estate or are watching the Denver housing market in April 2026, this episode covers the data and decisions that matter right now. Subscribe for monthly market updates every month. Watch the Youtube Video https://youtu.be/kB-TT_tl78Q Timestamps 00:00 Welcome and Panel Introductions01:31 Colorado Springs Market Data — Median $480K, Sales Up 8.5% 03:10 Springs Condo Trends — Prices Starting to Recover09:04 Rental Strategies in a Soft Market — Flat Renewals and Two-Year Leases13:30 Denver Market Overview — 11,500 Active Listings15:21 Three Years of Flat Prices — Detached Up 1%, Condos Down 5%18:02 Condo Financing Challenges — FHA Hurdles and Fannie Mae Changes 28:30 Showing Data — About 5 Showings Per Property in Both Markets25:52 Co-Living Reality — Why Operators Are Trying to Exit29:08 PadSplit Breakdown — $30K Retrofit, Furnishing Costs and the Exit Problem36:20 Medium-Term Rental Demand — Two Years of Data38:20 Brighton Co-Housing — Gratitude Village and 35 Communities in Colorado41:04 Colorado Insurance Bill — $4,200 Average Premium, $800 Reduction Target46:25 NAR Commission Data — $70 Buyer-Side Difference on a $500K Purchase56:08 Jenny Sells a Property and Pays Down Debt59:40 Jeff Closes His 10th House Hack — Two Houses on One Lot in West Denver Links in Podcast Troy Howell: troy.howell@novahomeloans.com LinkedIn: Troy Howell Website: https://www.novahomeloans.com/loan-officer/troy-howell/ Brandon Scholten: brandon@keyrenterdenver.com Website: https://keyrenterdenver.com/ Jenny Bayless: jenny@envisionrea.com Jeff White: jeff@envisionrea.com Brighton project aims to pioneer fully accessible, net-zero cohousing in Colorado Polis wants home insurance premiums to drop by $800, but can he do it? Your Castle Real Estate DMAR Who is Keyrenter? Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver's team of experts can take the clients' burden of managing their rental off their hands so they can get back to what matters to them. Who is Nova Home Loans? For over 40 years, we've been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today! NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO

In this episode, we bring on special guest Chris Lopez with ODs on Finance. The group discusses optometry statistics as well as how to prepare your career as an optometrist financially. Join us to discuss real-world issues and how to thrive beyond the exam room.

This Episode The Pulse Check is back with the full crew. Chris Lopez, Jim Pfeifer, and Paul Shannon reconvene just days after the PassivePockets Summit to unpack what they learned, how their theses got challenged (sometimes in real time), and what they're actually doing with their portfolios right now. They talk through why this conference hits differently: top-tier speakers in a small room where you can actually have real conversations and how those competing viewpoints are the whole point. From “sit in treasuries” caution to “this is the window to buy” optimism, the trio break down how to filter the noise, lean into uncertainty, and keep operator quality at the top of the decision stack. On the portfolio side: Jim shares his first two allocations of the year including a private credit interval fund and AAA Storage via the Open Tribe structure, while Paul discusses a new private money note, an industrial sidecar he's watching, and a recent multifamily exit. Chris recaps a strong Q1 for “green shoots” across his equity positions (sales, contracts, and a complicated Denver lakefront development that's finally moving toward resolution), plus why he's still dollar-cost averaging into real estate even when headlines shift fast. They close with one of the most tactical takeaways from the Summit: how LPs are using AI to speed up diligence and catch inconsistencies across pitch decks, PPMs, and operating agreements and why that should raise the bar for sponsors going forward. Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

The Denver multifamily market 2026 data is in — and it’s more complicated than most headlines suggest. Average rents have dropped back to Q4 2021 levels at $1,758. Vacancies have climbed from 5.8% to 7.5% in two years. Concessions have nearly doubled year-over-year to 10.1% of gross rents. And in some parts of the metro, prices are off 50% with zero buyer activity. So what does the Denver multifamily market 2026 actually mean for Front Range investors? Chris Lopez just returned from the Passive Pockets Summit in Cherry Creek and shares exactly what the Q1 numbers mean — and what he’s doing with his own portfolio right now. In This Episode We Cover: Why Denver Metro average rent is back at Q4 2021 levels and what that signals for 2026 pricing The supply shift that matters most: new units dropped from 6,056 to 2,796 year-over-year — and absorption finally outpaced new supply in Q1 How concessions doubling from 5% to 10.1% of gross rents masks the true rent decline Where multifamily prices have fallen 15-50% across the metro — and which submarkets have no buyers at all Why Colorado legislation is pushing institutional capital out of the state and what that means for local investors Chris’s own 4-plex update from Marcus & Millichap and why he’s holding despite the headwinds The non-performing loan strategy Chris is using to get multifamily exposure on the debt side right now His honest recovery timeline: 2026-2027 still rough, 2028 as a potential turning point If you’re sitting on single-family equity and wondering whether now is the time to reposition into multifamily — or if you’re already in the commercial space trying to read where this cycle goes — this is a grounded, data-first breakdown of where the Denver multifamily market stands right now. Have questions about your portfolio? Reach Chris at chris@propertyllama.com. Watch the Youtube Video https://youtu.be/mOxV23KZKv4 Timestamps 00:00 — Denver multifamily market 2026: Back from Passive Pockets Summit — national trends meet local reality 02:03 — Why Denver multifamily (2-4 and 5+) is where Chris sees the real opportunity right now 03:02 — Q1 2026 Denver Metro data: rents back to 2021 levels, vacancy at 7.5%, concessions nearly double 06:33 — Denver multifamily price declines: down 15-50% across the metro, some areas have zero buyer activity 08:24 — Chris’s Denver 4-plex update and why small multifamily owners aren’t distressed 09:52 — Colorado multifamily recovery timeline and why legislation is pushing capital out of state 12:25 — Where Chris is putting new money: private lending and non-performing loans on Denver multifamily 13:10 — How NPL investing works and portfolio strategy options for Colorado real estate investors in 2026 Links in Podcast Marcus & Millichap Passive Pockets Property Llama

Debt funds are having a moment but most LPs still don't have a clean framework for where private credit fits inside a real estate portfolio, or how to diligence a fund beyond “it's first lien” and a headline return. In this episode, Chris Lopez sits down with Whitney Elkins-Hutten to break down a simple (but powerful) portfolio exercise Whitney built for herself: categorize every asset by risk and liquidity, then work backward from a real cashflow target to build an “income sleeve” that can hold up when equity cashflow gets compressed. Whitney explains why she doesn't start with percentages, how she thinks about taxable vs. retirement capital for early retirement timelines, and how she reinvests income to steadily grow both the debt and equity sides of the portfolio. Then they go deep on debt fund due diligence, Whitney's “four-part” risk lens (capital position, asset type, development phase, and legal structure) and the three buckets she uses to evaluate a fund once you're past the basics: People, Processes, and Protections. They also cover practical verification steps LPs can take (without needing a social security number), what she wants to see in reporting, when a missing loan tape is or isn't a dealbreaker, how to think about third-party reviews vs. audited financials, and why leverage inside a debt fund can quietly flip your real position in the stack. Key Takeaways A portfolio exercise for building an “income sleeve” and working backward from your cashflow number (not arbitrary percentages) How to think about liquidity and reserves as your “oxygen mask” before chasing returns Debt fund risk framework: capital position + asset type + development phase + legal structure Debt DD simplified: underwriting the People, the Processes, and the Protections What Whitney wants to see in monitoring: monthly payments, draw cadence, early warning signals, and workout plans Loan tape reality: why some operators won't share it, what they should provide instead, and when third-party verification matters most Leverage in debt funds: why a warehouse line can be fine at low levels and why high leverage can make you “behind the bank” Fraud and “messy middle” risks: cross-collateralization, self-dealing permissions, and what to confirm in the PPM How to validate third-party financials: trust-but-verify steps (including confirming directly with the auditor) Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on in

Denver condo prices are down 8% since 2022, and houses have gone essentially flat — but is the correction over or is there more to come? In this episode, Chris Lopez walks through Q1 2026 data from Your Castle Real Estate, mapping 52 years of Denver price history to show exactly where each asset class stands today. He explains why condo corrections always play out slowly, even during major market events like the 2008 crash, and why multifamily — already down 15 to 35% — represents the stronger entry point for Colorado investors right now. If you own a Denver condo and aren’t sure what to do, Chris breaks that down too. In This Episode We Cover: 52 years of Denver price data and what it reveals about today’s market How to read a log scale chart to spot when prices are overpriced vs. underpriced Why Denver condo corrections always move slowly — even during major downturns The 1031 exchange strategy active investors are using to move from single-family into multifamily Why multifamily has already corrected 15–35% and what that means for buyers What to do if you own a Denver condo right now — sell, hold, or rent it out If you want to understand Denver home prices in 2026 and make a clear investment decision backed by data, this episode gives you the framework to do it. Watch the Youtube Video https://youtu.be/h_he6fHScpc Timestamps 00:00 — Intro  00:50 — 52-Year Price Appreciation Chart  04:10 — Why Condo Corrections Always Move Slowly  05:02 — Where the Real Opportunity Is Right Now  06:43 — What to Do If You Own a Denver Condo Today  Links in Podcast Your Castle Real Estate Q1 2026 deck download link

Connect with Altruis Capital Partners: https://reports.alturascapitalpartners.com/quarterly-reports/2025-q4  https://alturascapital.com/  This Episode Alturas Capital Partners has built a vertically integrated platform across the Intermountain West—and in this episode, Chris Lopez sits down with Daniel Trevino (Director of Investor Relations) to unpack what that “operators first” philosophy looks like in practice. Daniel explains why Alturas focuses on markets they know firsthand (including Colorado), how they think about creating alpha through hands-on execution, and why the firm chose an evergreen fund structure designed for long-term compounding instead of a traditional closed-end raise. The conversation also dives into why Alturas leaned into “neighborhood” and experiential retail when the asset class was out of favor, how that thesis has evolved, and what they're seeing today across office, retail, and other commercial segments. Chris presses on the core LP questions: how diversification works inside a multi-asset evergreen vehicle, how Alturas thinks about underwriting spreads in today's rate environment, why location quality matters even more in office, and what a “poor performer” taught them about risk management. Daniel closes with where Alturas sees opportunity building over the next cycle—and why the right basis (and the right market) still matters most. Key Takeaways What “operators first” means and why Alturas verticalized acquisitions, management, leasing, and maintenance How Alturas defines the Intermountain West—and why local market knowledge is central to their strategy Why they built an evergreen vehicle for flexibility through cycles (buy when it's right, sell when it's frothy) The retail thesis: “experiential” and neighborhood retail vs. the parts of retail most exposed to e-commerce How Alturas approaches multi-asset diversification without losing operational discipline—and what skill sets translate across retail/industrial/flex/office A real example of a struggling office asset and the key lesson: location quality can make or break execution What they're watching next: office supply dynamics, underbuilding, and where basis-driven opportunity may emerge Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

2026 Colorado landlord laws introduced more housing-related bills than any year in recent memory — and landlords nearly paid a steep price. One proposal would have let tenants halt evictions mid-process with claims as vague as “transportation issues.” Another would have required landlords to attach a full lease to every demand notice. Neither passed — but the margin was closer than most investors realize. Chris Lopez sits down with Brandon Scholten, owner of Keyrenter Denver and a deeply active voice in Colorado landlord advocacy. Brandon manages over 1,100 doors across the metro area and has held a personal rental portfolio since 2012. He’s been tracking Colorado’s housing legislation for years and came to this conversation with his most detailed briefing yet. If you own rentals in Colorado, understanding Colorado landlord laws in 2026 is no longer optional. This episode covers every bill that moved through the session — what passed, what was killed, and what’s quietly still working its way through the process. Brandon breaks down real case studies from his own managed properties, including a mold remediation on Laden Street that triggered the new habitability law’s full alternate housing requirements, and a domestic violence case where both spouses filed simultaneously. In This Episode We Cover: The eviction bill that nearly passed — and the 80 people who showed up to stop it Colorado’s new utility billing clarification: how to allocate shared utilities without sub-metering (which was running $9,000+ per building) What the warranty of habitability expansion actually requires when a tenant reports mold — 72-hour containment, alternate housing, and a daily per diem The 30-day notice rule now baked into Colorado law for federally backed properties How the domestic violence bill plays out when both parties in a lease file simultaneously The fee disclosure law in effect since January 2026 — and why Zillow compliance is still inconsistent New security deposit rules: 10-year useful life on carpet, itemized receipts required, and walkthrough rights The direction of Colorado landlord laws in 2026 is clear — and the investors who stay informed are the ones who stay protected. Watch the Youtube Video https://youtu.be/jpAKFjgDDc8 Timestamps 00:00 — Welcome & Overview01:43 — Brandon Scholten Introduction — 1,100 doors managed, investing since 201203:26 — 2026 Legislative Session — Record number of housing bills; most never signed06:26 — HB 26-1106 — Most problematic bill of the session; eviction cap with vague delay provisions; killed after massive public opposition12:05 — HB 26-1045 — Disabilities housing protections; Colorado codifying emotional support animal rules as HUD guidance shifts16:08 — HB 26-1013 — Utility billing fix signed into law; landlords can now allocate shared utilities without sub-metering20:20 — HP 26-1047 — Would have required full lease attached to every demand notice; lobbying effort killed it22:16 — HB 26-1036 — Vacant property tax; empowering local governments; died over implementation problems27:29 — SB 24-094 — Warranty of habitability expanded; 72-hour containment, alternate housing required; Laden Street mold case study34:26 — HB 25-1240 — Housing subsidy protections; 30-day notice now required statewide for federally backed properties36:35 — HB 25-1168 — Domestic violence bill; self-attestation now accepted; case study with both spouses filing simultaneously40:20 — HP 25-1090 — Mandatory fee disclosure in effect January 2026; Zillow compliance still inconsistent47:39 — HB 25-1249 — Security deposit rules; 10-year useful life on carpet; itemized receipts required51:56 — How to Get Involved — Colorado Housing Coalition; ~$25/month for small landlords Bills Referenced in This Episode HB 26-1106 — Eviction protections for tenants (did not pass) HB 26-1047 — Protections for residential tenants (did not pass) HB 26-1036 — Local taxes on vacant residential property (did not pass) SB 24-094 — Warranty of habitability HB 25-1240 — Protections for tenants with housing subsidies HB 25-1168 — Domestic violence tenant protections HP 25-1090 — Fee disclosure / deceptive pricing practices HB 25-1249 — Security deposit rules Links in Podcast Brandon Scholten: brandon@keyrenterdenver.com Website: https://keyrenterdenver.com/ The Denver Landlord’s Digest— Brandon’s monthly newsletter covering legislation updates and day-to-day landlord resources Colorado General Assembly Bill Tracker — Search all active housing bills by session Colorado Housing Coalition — Landlord advocacy organization focused on small and independent rental property owners. Membership starts at ~$25/month Keyrenter Denver — Full-service property management for the Denver metro area. Monthly management at 7.5–9% depending on portfolio size; half a month’s rent for tenant placement Webinar Replays Colorado Habitability Law UpdatesColorado Rental Law Changes Affecting Your Properties (2025)New Colorado Rental Laws: What Changed On Jan 1st, 2026 and What You Need to Do Now.Security Deposit Disputes in Colorado Who is Keyrenter? Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver's team of experts can take the clients' burden of managing their rental off their hands so they can get back to what matters to them.

PassivePockets members have asked for two things over and over: better terms and access to more deal options without writing huge checks. In this special webinar, Chris Lopez breaks down how “community capital” can do exactly that—by pooling investor commitments into an SPV (Special Purpose Vehicle) to unlock lower minimums, stronger economics, and cleaner access to sponsor funds. Chris is joined by Travis Smith (Founder & CEO of TribeVest) and Paul Bennett (President of AAA Storage). Travis explains what SPVs are, how Open Tribes work, and why modern tech has dramatically reduced the cost and complexity of running these structures compared to the “old school” SPV process. Then Paul walks through a real-world example: a PassivePockets Open Tribe built around AAA Storage Growth Fund II, complete with improved fee and waterfall terms for the community, plus a lower minimum that makes the fund accessible to more accredited investors. You'll also get a practical, investor-focused overview of AAA's strategy: a ground-up development portfolio spanning self-storage and small-bay industrial across four growth markets (Austin, Houston, San Antonio, and Charlotte), why Paul believes self-storage is bottoming and setting up for a supply/demand tailwind into 2027–2031, and how AAA structures its fund to avoid land entitlement risk and eliminate additional capital calls. Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

Denver home prices are flat and condo values are still sliding — here is your March 2026 Denver real estate market update. In Q1, homes across the metro held steady while condos dropped 6% year over year for the fourth consecutive quarter. As a result, that spread is creating two very different conversations for Colorado investors right now. Because the data tells such different stories depending on what you own, this episode breaks both of them down in detail. Chris Lopez is joined by Brandon Scholten of Keyrenter Property Management and Troy Howell of Nova Home Loans for this month’s Denver real estate update. Brandon manages properties across the Front Range and, as a result, brings a ground-level read on where rents are moving. Meanwhile, Troy closes investment loans daily and tracks rate trends in real time — including a recent 3-plex deal that closed at 5.875% with $17,500 in seller credits. Since the buyer had a free-and-clear home to leverage, the deal was effectively 100% financed using a HELOC. Beyond the price data, the March 2026 market update also covers stadium development along the Santa Fe corridor — the Broncos’ Burnham Yards, Denver Summit’s Santa Fe Yards, and Ball Arena’s 20-year mixed-use buildout. If those projects play out as planned, nearby property values could see a material impact. In addition, the episode includes a look at a distressed Aurora multi-family that sold for $12.4 million in 2019, yet currently carries a $10.5 million mortgage. Even though it was under contract at $6.4 million, the buyer still walked away after inspection. In This Episode We Cover: Q1 2026 Denver real estate price data — homes flat, condos down 6% and what each trend signals How Fannie and Freddie are loosening condo insurance requirements and whether it moves the needle The $865K Westminster fourplex from the monthly property walk, with projected $20K year two cash flow A creative 3-plex closing in Aurora — HELOC-funded, 5.875% rate, zero cash out of pocket Why the $12.4M distressed Aurora building couldn’t sell at $6.4M — and what it says about the broader Denver market Brandon’s take on whether the rental market’s worst softness is finally in the rearview And So Much More! This March 2026 Denver real estate market update gives you the data, the deals, and the ground-level perspective to make a more informed decision on your next move. So whether you’re watching the Denver condo market or looking for your next rental property, this episode has something for you. Finally, make sure you subscribe to the Denver Real Estate Investing Podcast for new episodes every Tuesday and Thursday, and sign up for our deals list and property walk emails below. Watch the Youtube Video https://youtu.be/0qnj5nNy2lU Timestamps 00:00 — Welcome and Panel Introductions — Brandon Scholten (Keyrenter Property Management) and Troy Howell (Nova Home Loans) join Chris for the Q1 2026 Denver market update 01:09 — Q1 2026 Denver Price Data — Homes up 2% year over year and generally flat; condos down 6% four quarters running, now flattening 03:07 — Colorado Springs Price Breakdown — More volatile quarter to quarter, similar overall trend with homes flat and condos negative 03:58 — Fannie and Freddie Loosen Condo Requirements — Insurance underwriting changes and what it may mean for the condo market 04:59 — Stadium Development Recap — Burnham Yards (Broncos), Santa Fe Yards (Denver Summit), and Ball Arena’s 20-year buildout plan 09:24 — What Record Attendance at Denver Summit Signals for the Area — And why Chris sees short-term rental and co-living opportunity near these corridors 11:41 — Property Walk Recap — $865K Westminster fourplex near 72nd and Tennyson, projected $8K year one and $20K year two cash flow with 25% down 18:24 — Aurora 3-Plex Closes at 5.875% — How a roofing contractor used a HELOC on a free-and-clear home to effectively 100% finance a $582K triplex 20:47— Distressed Deal Watch — Aurora multi-family bought at $12.4M in 2019, mortgage at $10.5M, under contract at $6.4M, buyer still walked 23:22 — Rate Outlook for 2026 — 52-week range of 5.98% to 6.89%, currently at 6.3%, and what employment data suggests about where rates head next 26:14— Rental Market Trends from Keyrenter — Why Brandon believes the worst of the softness is likely behind us, and where it lingered longest Links in Podcast Troy Howell: troy.howell@novahomeloans.com LinkedIn: Troy Howell Website: https://www.novahomeloans.com/loan-officer/troy-howell/ Brandon Scholten: brandon@keyrenterdenver.com Website: https://keyrenterdenver.com/ The National Observer: Office conversions surge as workplace dynamics shift Baby boomers have an emerging rival in the housing market Mortgage Rates Aurora apartment complex at center of national controversy is for sale View the Aurora 3-plex deal underwriting Sign up for the deals list Who is Keyrenter? Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver's team of experts can take the clients' burden of managing their rental off their hands so they can get back to what matters to them. Who is Nova Home Loans? For over 40 years, we've been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today! NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO

After 20 years of buying and holding on the Front Range, the numbers finally said it was time to move. That moment of reckoning is exactly what this episode is about — and for anyone rethinking their Denver real estate portfolio strategy in 2026, it’s one of the most honest conversations we’ve had on this show. Adam Haman sat on an underperforming Aurora duplex longer than he should have, watched the ARM reset and the rents slide, and finally made the call. What came next is where it gets interesting. Chris Lopez sits down with Adam Haman, a Denver-based real estate broker at Your Castle Real Estate and longtime Front Range investor. Adam manages his family’s portfolio alongside his brothers and sister, and has built his holdings from a single duplex purchase in his mid-20s to a mix of duplexes, townhomes, and a full 13-building fourplex development in Colorado Springs — all built to rent. This episode is a real-time case study in portfolio rebalancing. Adam recently sold a problem duplex in Aurora after an ARM reset pushed his rate from 4.5% to 6.5% while Aurora rents dropped from roughly $2,200 per side to $1,800 — and staying full got harder. He walks through how he priced it, the lowball offers he received, and why he took a number that was lower than he’d hoped. At the same time, he’s doing a DSCR cash-out refi on a Greeley duplex he loves — locking a 30-year fixed at 6.5% and pulling out roughly $200,000 to redeploy into higher-yield income opportunities. In This Episode: Why an ARM adjustment and softening rents turned a cash-flowing Aurora duplex into a break-even liability How Adam priced, listed, and ultimately sold the property — and what the buyer’s DSCR loan had to do with the final number Where Adam sees buy-side opportunities right now, including Athmar Park and why he’s watching the Burnham Yards development Why he’s making disrespectful offers on investment properties — and how to do it in a way sellers actually respond to The Greeley duplex DSCR refi breakdown: 30-year fixed, $200K out, and why the spread into Dynamo Capital makes sense How a $6,500 earnest money deposit in 2018 eventually led to ownership of an entire Colorado Springs fourplex complex Why Adam is seriously looking at new construction duplexes in Texas — with builder rate buydowns under 4% and projected $600/month cash flow Colorado legislation, rental licenses, and what rising compliance costs mean for small landlords Watch the Youtube Video https://youtu.be/oaC-2wDXNEI Timestamps 00:00 — Welcome & Guest Introduction — Investor, Broker, 20 Years on the Front Range  01:32 — Adam’s Origin Story — Started at 25, Rookie of the Year, Then Sold Zero Homes in 2007  04:42 — Fail Fast Philosophy — Why He Wishes He’d Found Mentors Earlier  07:10 — The Aurora Duplex Problem — ARM Reset from 4.5% to 6.5% Plus Rents Sliding to $1,800  10:09— Walking Through the Sale — Listed at $575K, Final Number Around $539K and Why He Took It  14:10— Buy-Side Opportunities Right Now — Why Disrespectful Offers Are Back on the Table  15:00— Athmar Park Deep Dive — 18% Rent Decline, Burnham Yards, and the Path of Progress Question  16:08 — What Makes a Rental Perform — Lawns, Fenced Yards, and Two-Car Garages as the Formula  22:35 — Rebalancing Away from 100% Real Estate — Why He’s Diversifying Into Dynamo Capital  28:58 — The Greeley Duplex DSCR Refi — $200K at 6.5% Fixed and Why He Kept This One  25:17— Considering Texas — New Construction Duplexes at a 4% Rate Buydown Near San Antonio and Dallas  28:58 — The Greeley Duplex DSCR Refi — $200K at 6.5% Fixed and Why He Kept This One  36:47— Colorado Springs Fourplex Development — How $6,500 in Earnest Money Led to 13 Buildings  41:54— Colorado Legislation and Small Landlords — Rising Compliance Costs and What’s Changed  Links in Podcast Adam Haman — Your Castle Real Estate

Denver office investing in 2026 is drawing serious contrarian attention — and the numbers explain why. Class A buildings in the Denver Tech Center are trading at 30 to 50 cents on their last sale price. Some are selling for 65 dollars a square foot while replacement cost runs 500 dollars or more. For investors who remember multifamily in 2011, the setup looks familiar. Matt Ritter co-founded Pinnacle Real Estate in 2006. Today, Pinnacle Real Estate has 50 brokers and 25 staff and is one of Colorado’s largest locally owned commercial brokerages. He also co-founded Knightbridge Capital, where he and partner Rick Yoshimoto have been actively acquiring distressed Class A office in the Denver Tech Center while most investors won’t touch the asset class. In this episode, Chris Lopez and Paul DeSalvo sit down with Matt to break down the office thesis, what’s happening in multifamily, retail, and industrial, and what 25 years in Colorado CRE has taught him about investing at the bottom. In This Episode: Why the floor may already be in for Denver office and what that means for buyers Buying at 11 to 13% cap rates with 65% LTC bank financing at 6.5% Target returns: 8-9% cash on cash quarterly and 20% net IRR The 400 Inverness deal: 92% occupied at acquisition with 6+ years of weighted average lease term How spec suites are driving leasing velocity in today’s market Retail, industrial, and multifamily: where each asset class stands right now Why suburban multifamily is outperforming central Denver What Colorado’s legislative climate is doing to institutional investor interest nationwide First Bank’s acquisition by PNC and what it means for CRE lending in Colorado Watch the Youtube Video https://youtu.be/ReoHF8ICc5w Timestamps 00:00 — Welcome & Guest Intro — Matt Ritter, Pinnacle Real Estate and Knightbridge  02:33 — How Pinnacle Grew to 50 Brokers in 20 Years  06:03 — Paul DeSalvo’s First Multifamily Deal with Matt (2011)  13:30 — 1031 Exchange Compounding: How Paul Scaled Deal by Deal  10:24— Colorado Commercial Market Breakdown: Retail, Industrial, and Cap Rate Shifts  17:36— Why Matt Started Buying Denver Office in 2021  18:32— The Thesis: One Third of Office Has Terminal Cancer  20:21— Buying Class A Buildings at 65 Dollars a Foot in the DTC  26:40 — 400 Inverness Breakdown: 92% Occupied, 11.5 Cap at Acquisition 28:45— Investor Returns: 8-9% Cash on Cash and 20% Net IRR Target  29:24 — Multifamily Market Analysis: Where Prices Are Heading  32:00— Suburban vs Central Denver: Which Submarkets Are Holding Up  37:40 — Spec Suites and Why Tenant Demand Is Stronger Than Expected  42:12 — Colorado’s Legislative Climate and What It’s Doing to Investor Interest  45:00 — Stadium Developments and Reasons to Be Hopeful About Denver  47:03 — First Bank’s Sale to PNC and What It Means for CRE Lending  52:13 — Closing Advice from 25 Years in Colorado Real Estate Links in Podcast Pinnacle Real Estate Knightbridge Matt Ritter on LinkedIn Matt’s direct line: 303-960-8033 NMHC — National Multifamily Housing Council

Chris Lopez is back with Paul Shannon for this month's PassivePockets Pulse Check, catching up on why Paul stepped back from co-hosting, what he's focused on now, and what both of them are actually doing with their own portfolios. They get into the real-life tradeoffs that don't show up in an OM: liquidity vs. deployment, concentration risk vs. investing where you have an edge, and why relationships with operators matter more than ever coming out of the last cycle. From there, Paul drops a data-heavy market update across multifamily and beyond- where supply is still pressuring rents, which markets are already seeing rent growth again, and how the maturity wall is forcing distressed (and motivated) sellers into the market. Chris shares what he's seeing in Denver and the Midwest, why he's leaning toward cash flow and debt for diversification, and how both of them are thinking about positioning for the next 12–24 months without trying to “time” real estate. They wrap with a quick preview of the 2026 PassivePockets Summit in Denver (April 30–May 2), why the event is built for LPs, and what they're most excited for- from the small, high-quality attendee base to hands-on learning opportunities like the hotel-to-multifamily conversion property tour. Key Takeaways Why Paul stepped back from co-hosting and what he's prioritizing in business and family life right now Liquidity as a strategy: when “good deals” still aren't the right move because cash matters Multifamily's bifurcated market: rent growth winners vs. laggards, and why national headlines can mislead The maturity wall and distress: what refinances look like in a 6–7% rate world and what LPs should ask sponsors Summit preview: LP-focused networking, sponsor access, and the Denver hotel-to-multifamily conversion tour Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

This solo episode is a full breakdown of Chris Lopez’s 2026 real estate investment deals. He covers every position closed in Q1 and the active pipeline he’s evaluating right now. That includes a hotel conversion buying at roughly $30,000 a door and a Denver office deal at a 12 cap with 6.5% debt in place. The shift from common equity to debt isn’t accidental. Chris walks through three Q1 investments: a Canadian debt fund, a preferred equity position in Western Ohio multifamily, and a fund acquiring non-performing loans. All three reflect a strategy focused on income and downside protection. The episode also tackles a harder question. Should you stay focused on known asset classes or follow the numbers into new territory? The 2026 real estate investment deals on his radar include a bank-owned distressed multifamily portfolio in Denver and Colorado Springs, a niche Denver industrial deal with owner carry, and a 300-unit hotel-to-multifamily conversion. He’s also tracking an indoor kids entertainment private equity fund paying mid-to-high teens cash on cash. The final segment covers debt fund due diligence. Chris explains why he now does on-site audits before writing a check. That means reviewing loan files, checking appraisals, verifying LTV compliance, and tracing bank account activity to reduce fraud risk. Chris is bringing all three topics to the Passive Pocket Summit in Denver, April 30–May 2. Grab a ticket at passivepockets.com/summit and use code LOPEZVIP to save $100. Watch the Youtube Video https://youtu.be/4AMPLsnwp8M Timestamps 00:00 — Episode intro — solo format, what prompted this episode  00:25 — Passive Pocket Summit context — three speaking topics  01:11 — Capital allocation overview — the shift to debt over equity  01:57— Q1 2026 investments — Canadian debt fund, preferred equity (Western Ohio multifamily), non-performing loans fund  03:29 — Passive Pocket Summit promo — passivepockets.com/summit, LOPEZVIP code  03:58 — Emerging asset classes — the focus vs. diversify debate  04:35 Distressed multifamily in Denver and Colorado Springs — bank-owned portfolio  05:19 — Denver office at a 12 cap — 6.5% debt, 92% occupied, Park Meadows/DTC location  06:10 — Denver industrial deal — owner carry, niche supply/demand dynamics 07:10— Hotel to multifamily conversion — 300 units at ~$30K/door, $60–70K all-in basis  07:49— Indoor kids entertainment PE deal — mid-to-high teens cash on cash 09:19 — Debt fund due diligence — why Chris does on-site audits  11:24— Wrap-up and event reminder Links in Podcast Passive Pocket Summit Use code LOPEZVIP at checkout — saves $100 on registration Event dates: April 30–May 2, Denver CO

Richard McGirr interviews Justin Spillers and Chris Lopez about genuine investor interest. Imagine transforming your pitch into a compelling, repeatable machine that generates actual capital almost effortlessly. In this episode, you will see a behind-the-scenes strategy that helped secure over 350 investor calls in just nine months, from perfecting four-minute pitches to leveraging paid ads that attracted high-net-worth individuals. Discover the exact steps to make fundraising scalable, strategic, and downright effective. Justin Spillers and Chris Lopez Current role: Chris Lopez Founder of Curtis St. Media Co-Founder & CMO of Property Llama Justin Spillers Partner & Manager of Real Estate Alpha Based in: Chris Lopez - Denver Metropolitan Area Justin Spillers - Minster, Ohio Where to find them: Justin Spillers https://www.linkedin.com/in/justinspillers/ realestatealpha.io/ Chris Lopez https://www.linkedin.com/in/christaylorlopez/ propertyllama.com Visit ⁠trustetc.com/bestever⁠ for more info. Book your free demo today at bill.com/bestever and get a $100 Amazon gift card. Visit ⁠www.tribevestisc.com⁠ for more info. Try QUO for free PLUS get 20% off your first 6 months when you go to quo.com/BESTEVER  Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at⁠ ⁠⁠⁠www.bestevercommunity.com⁠⁠ Podcast production done by⁠ ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Worship led by Chris Lopez

Small multifamily deals in Colorado are producing cash-on-cash returns worth paying attention to in 2026. Three real deals just went under contract or closed along the Front Range. In this episode, Chris Lopez sits down with real estate agent Jeff White and lender Troy Howell of Nova Home Loans. Together, they walk through three actual deals. Those are a Loveland fourplex at $685K, an Aurora triplex at $579K, and a Pueblo duplex at $300K. These are not hypotheticals. One is already under contract. Another closed just weeks ago. The numbers are real. The Deals Jeff walks through both the house hacker and investor scenarios on each property. For the Loveland fourplex, a house hacker with 5% down pays $458 per month in year one. Then, in year two, that same property cash flows over $1,076 per month. That works out to a 23.80% cash-on-cash return. For investors at 25% down, the fourplex delivers 6.50% cash-on-cash in year one. That is roughly three times the Denver metro average. Beyond that, Section 8 rates in Larimer County hit $1,732 per month for a two-bedroom. As a result, the numbers look very different from what most people expect. The Pueblo duplex, meanwhile, introduces a different tool: DSCR loans. Troy explains how one investor used a cash-out DSCR on a free-and-clear property. As a result, she funded the down payment and reserves on the new purchase. In addition, the property appraised at $310K on a $300K purchase and came with a $10K seller credit. It also stabilized at a 7.72% cap rate with a 6.875% 30-year fixed rate. The Portfolio Play The episode also covers the strategy behind the Loveland fourplex. Specifically, an investor bought nine fourplexes for $5.2 million and has since been selling them individually. Chris, Jeff, and Troy break down the margin and the mechanics. In short, finding the right motivated portfolio seller remains one of the most underrated plays in Colorado real estate. Watch the Youtube Video https://youtu.be/BF24OiyWDy0 Timestamps 00:00 — Welcome & Three-Deal Overview  03:25 — Loveland Fourplex — $685K, New Roof, Appraised at $715K  05:26 — The 0.75 Rent-to-Price Ratio Rule — How to Screen a Deal Fast 08:40— House Hacker Pays $458/Month in the Loveland Fourplex  11:19— Investor Scenario — 6.5% Cash-on-Cash Year One, 3x Denver Average  12:39— Reserves Deep Dive — The 10% Rule on a 1980s Building  16:13 — Aurora Triplex at $579K — All-Brick, Month-to-Month Leases  17:44— Aurora Numbers — $517/Month House Hack, 8.33% COC Investor Year Two  20:38— Pueblo Duplex at $300K — Seller Credit, Four-Car Garage, Appraised at $310K  22:01 — DSCR Loans Explained — Qualify Off Rental Income, Not Your W2  35:40— The Nine-Fourplex Portfolio Play — How Bulk Buying Creates Margin  Links in Podcast Deal Analysis Spreadsheet — Troy Howell’s underwriting spreadsheet Weekly Deals Email List — Sign up to receive Front Range multifamily deals from Jeff White weekly Strategy Call — Book a consultation with Chris, Jeff, or Troy Connect With Our Guests Troy Howell: troy.howell@novahomeloans.com LinkedIn: Troy Howell Website: https://www.novahomeloans.com/loan-officer/troy-howell/ Jeff White: jeff@envisionrea.com Who is Nova Home Loans? For over 40 years, we've been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today! NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO

The Denver February 2026 market update is here, and active listings nearly hit 9,000 — 5% above last year — with Chris Lopez calling for inventory to break 15,000 before summer. At the same time, rates briefly touched below 6% for the first time in recent memory, triggering a refi wave that helped some borrowers drop from 6.625% to 5.75% with closing costs covered. The purchase market, though, barely flinched. Chris Lopez hosts the Denver February 2026 market update roundup with Brandon Scholten of Keyrenter Property Management and Troy Howell of Nova Home Loans. Together they dig into the latest DMAR report numbers, two deals that closed this month, and some candid takes on where Denver’s apartment market, condo segment, and office sector are actually headed. On the deals side, Troy walks through a Pueblo duplex acquisition where the buyer used a DSCR cash-out refi on a free-and-clear rental to cover the full 30% down — plus walking away with cash left over. And an Aurora 14-bed triplex that went from a webinar deal to a signed contract to a 3pm closing, all at 5% down, a $27K seller credit, and a 5.625% rate on a 30-year fixed. In This Episode We Cover: Why Denver’s inventory jump in February was historically unusual Who actually locked when rates dipped below 6% — and what they saved Chris’s call that closed prices will fall further in 2026 The Fannie Mae condo rule that’s killing deals in otherwise solid complexes How one investor bought a Pueblo duplex with no cash out of pocket The Aurora triplex that went from webinar deal to closing day in one month Why stadium proximity rarely pays off the way investors expect Denver’s real apartment vacancy rate — and why 2028 looks very different The affordable housing fee lawsuit and what it means for small developers Where downtown office demand is actually going Whether you’re managing existing rentals, watching for the right entry point, or actively building your Colorado portfolio, this episode gives you the ground-level data and deal examples you need to make sharper decisions this spring. Watch the Youtube Video https://youtu.be/7P4EG-QAbdU Timestamps 00:00 — February Denver Market Overview — Active Listings Up 5% Year Over Year to Nearly 9,000  03:27 — New Listings Jump 9.25% From January — Why This February Was Unusual  04:15 — Rates Briefly Dip Below 6% — Troy on Who Actually Locked and What They Saved 06:19— Closed Prices Down 3% Year Over Year — Why Chris Expects Further Declines in 2026  08:57 — Colorado Springs Snapshot — Homes Down 2–4% While Condos Surprise to the Upside  09:58 — The Condo Lending Problem — Why Fannie Mae Is Killing Deals in Complex Communities  14:01 — Deal: Pueblo Duplex Financed 100% Using a DSCR Cash-Out Refi on an Existing Rental  18:34— Deal: Aurora 14-Bed Triplex — 5% Down, 5.625% Rate, $27K Seller Credit  22:10 — Should You Buy Near the New Broncos Stadium? The Panel Gets Honest  31:01 — Apartment Vacancy Is 12.3% When You Count Unrented New Units — And What Changes by 2028  33:05 — Apartment Permits Down 43% Since 2021 — The Supply Math That Points to Recovery  37:50 — RedT Lawsuit Dismissed — Denver’s Affordable Housing Fee Fight and What It Means for Builders  42:10— Downtown Denver Office Losses Top $1 Billion — Where the Demand Is Actually Going  46:31 — Wrap and Panel Final Thoughts Links in Podcast Thousands of apartments sit empty around the Denver metro, but experts warn a shortage may be looming. How offering $50,000 and free rent helped one Denver apartment building stand out Homebuilder loses lawsuit calling Denver affordable housing fee ‘extortion' Downtown Denver office losses top a billion, with more to come DMAR February 2026 Market Trends Report (member-only) Metro Denver's housing market revs up as affordability improves Golden Triangle apartment complex raises bar for incentives to attract tenants Apartment rents fall to early 2022 levels in metro Denver Connect With Our Guests Troy Howell: troy.howell@novahomeloans.com LinkedIn: Troy Howell Website: https://www.novahomeloans.com/loan-officer/troy-howell/ Brandon Scholten: brandon@keyrenterdenver.com Website: https://keyrenterdenver.com/ Who is Keyrenter? Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver's team of experts can take the clients' burden of managing their rental off their hands so they can get back to what matters to them. Who is Nova Home Loans? For over 40 years, we've been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today! NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO

Scott Trench brings a contrarian 2026 office thesis to the table, starting with the idea first, then stress-testing it with three expert investors: Ash Patel, J Scott, and host Chris Lopez. The group debates where office is truly mispriced, what “trophy” means post-COVID, and why “downtown vs. suburbs” might be the wrong framing without understanding tenant demand, floor plates, and lease-up realities. They dig into the mechanics of making office work (cash-flowing vs. vacant assets, tenant improvements, buildouts, leasing risk, and financing constraints), plus the biggest wild cards shaping demand going forward, from work-from-home to AI to local policy and migration trends. Ash also shares a real-world case study on buying fragmented suburban office at a deep discount and selling it off in smaller pieces. By the end, Scott refines his thesis from a binary bet into a spectrum: office may be a compelling buy if you're surgical on asset selection, capitalization, and operator expertise and realistic about how long the grind to stabilization can take. Key Takeaways Downtown vs. suburban office: why pricing, tenant demand, and commute behavior can lead to very different risk profiles What actually wins in office now: smaller suites, turnkey space, parking, “soul”/amenities, and flexible layouts vs. big single-tenant floorplates Capital stack reality: why office financing is still tough, and why many plays require low leverage (or all-cash) plus significant TI reserves Operator selection: how to vet office sponsors when COVID disrupted track records—and why experience managing office matters more than ever One actionable strategy: buying multi-building suburban office portfolios at a discount and selling off smaller buildings to owner-users (with SBA tailwinds) Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk. Nothing here is investment, tax, legal, or financial advice; consult qualified professionals. Past performance is not indicative of future results. This podcast may include paid advertisements or promotional materials and should not be interpreted as a recommendation or endorsement by PassivePockets, LLC or affiliates. Conduct your own due diligence and consider your financial situation before engaging with any offering discussed. PassivePockets, LLC disclaims all liability for any actions taken based on the information presented.

Canada’s residential mortgage market is a $32 billion annual asset class in Ontario alone. Plus, it’s structurally undersupplied. Unlike the US, Canada has no 30-year fixed mortgage. As a result, strict banking regulations push Canadian homeowners into the private lending market every few years. That forced refinancing cycle produces delinquency rates roughly one-eighth of what US private lenders see. On top of that, the recourse process in Canada runs just 60–90 days. Chris Lopez sits down with Hugh Tawney, founder of Leeward Capital Partners. Together, they walk through how Property Llama Capital gained access to this market and why they made it part of their Capital 3 fund. Hugh brings an institutional finance background in public equities, fixed income, life settlements, venture, and structured credit. Before founding Leeward, he spent years building fund vehicles across multiple asset classes. His CFO managed fund accounting for 38 entities at a Denver venture firm. His COO, meanwhile, helped build ArrowMark’s multifamily origination platform — a $5 billion book. Their Canadian operating partner, Aman Mann, ran a mortgage investment company from 2017 to 2023. In total, he originated approximately 500 loans with zero impairment of principal. The fund focuses on first and second lien residential mortgages — bridge loans, fix and flip, and short-term refinances. Currently, the portfolio sits at a 76.4% weighted average LTV with an 80% hard ceiling. Also worth noting: two-thirds to three-quarters of the loan book is owner-occupied. Homeowners, after all, default at a fraction of the rate that investment property owners do. For third-party validation, the fund works with Baker Tilly (tax and audit), NAV Consulting (fund administration), UMB (custody), and Stout (quarterly independent valuations). In This Episode We Cover: Why Canada’s lack of 30-year fixed mortgages creates a structural private lending opportunity every 3–5 years How Ontario’s power of sale process delivers 60–90 day recourse vs multi-year US foreclosure timelines The tax structure that classifies fund distributions as qualified dividends — potentially a 30–50% reduction in tax burden vs ordinary income How currency hedging via forwards contracts protects principal at a cost of 8–15 basis points The pending leverage strategy projected to take gross yields from 12% unlevered to 20% levered Why Leeward targets the lower end of the Canadian market — less competition, more inefficiency, higher yields The 15-month liquidity window and how it mirrors a short-term bond fund duration with a private credit return profile If you’re an accredited investor looking at private credit and want to understand an asset class that most US investors have never encountered — this is the episode to start with. Property Llama’s due diligence included a three-to-four day on-site asset tour in Toronto and a personal investment from Chris before the fund was opened to the broader investor community. Watch the YouTube Video https://youtu.be/GvF4XBzzJJs Timestamps 00:00 — Welcome & Executive Summary — What this fund targets and why 04:32 — Chris Lopez — 15 years as an active investor turned passive  08:30 — How Property Llama Found Leeward — Due diligence and the Toronto asset tour  10:26 — Hugh Tawney — Leeward Capital founder and institutional finance background  14:25— Why Canada Has No 30-Year Fixed Mortgage — And what that creates for private lenders  15:55 — Power of Sale vs Foreclosure — How Canada’s 60–90 day recourse process works  23:15— The Private Lending Opportunity — Why Canada pays 300–500 bps more than the US  25:45 — The Tax Advantage — How this fund achieves qualified dividend treatment  40:20— Currency Hedging — Protecting principal across USD and CAD  42:47  Leverage Strategy — How the fund projects a move from 12% to 20% returns  47:58— Fund Terms & Third-Party Validators — Minimums, lockup, and who’s watching the books  57:30 Canadian housing crash fears, IRA/UBIT considerations and next steps Links in Podcast Interested in learning more about the Leeward opportunity? PLC 3 LLC: PL Leeward 1 Data Room Property Llama Capital Passive Pockets Summit — use code LOPEZVIP for $100 off Passive Pockets Podcast (hosted by Chris Lopez)

In this LP Deal Review, Chris Lopez and LP panelist Christy Burakovsky sit down with Michael Episcope, Co-CEO of Origin Investments, for a deep dive into Origin's Select Asset Fund—an intentionally small, vintage-based multifamily development fund built to deploy in 2026. Michael walks through the macro thesis (supply peaking, concessions stabilizing, and starts slowing), the fund's structure (targeting five shovel-ready ground-up deals, four-year duration, and an option to continue holding for long-term compounding), and the underwriting guardrails designed to protect downside in a still-volatile environment. The panel then presses into the details that matter most to LPs: entitlement risk, leverage and loan structure, how Origin avoids “rescue capital,” how the 2021 vintage fund is performing today, and how Origin's co-invest program works—including potential pathways for group allocations and better terms. Key Takeaways Fund design: $100M, focused on 2026 ground-up multifamily development with a four-year duration and optional continuation for long-term hold Risk mitigation: shovel-ready entitlements, conservative leverage (~65% LTC), and a structure aimed at avoiding cross-collateralization and hidden fund-level risk Co-invest mechanics: $500K+ fund minimum with 1:1 co-invest eligibility (no fee/no carry), and discussion of potential pooled/group pathways Vintage reality check: how Origin's 2021 development fund is performing today (single digits) and what that implies about underwriting discipline in tough vintages Sourcing + operations: Origin's multi-office footprint, repeat development partners, and a highly active asset management playbook to drive performance post-delivery Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk. Nothing here is investment, tax, legal, or financial advice; consult qualified professionals. Past performance is not indicative of future results. This podcast may include paid advertisements or promotional materials and should not be interpreted as a recommendation or endorsement by PassivePockets, LLC or affiliates. Conduct your own due diligence and consider your financial situation before engaging with any offering discussed. PassivePockets, LLC disclaims all liability for any actions taken based on the information presented.

In this week's episode, host and NewDEAL CEO Debbie Cox Bultan sits down with Chris Lopez, Supervisor of Monterey County. They discuss how Lopez's upbringing in the county gives him a unique perspective to lead and talk about the concerns his constituents are currently facing — including quality of life, immigration, housing, and agricultural challenges — and how he is addressing these issues. Debbie and Lopez talk about the vital role of the California Coastal Commission and why tackling affordable housing in a balanced way is essential to solving so many other issues. Lopez also shares what led him to run for public office and how the Mariachi club he created in college led him to meet his wife. Tune in to learn more about the Lettuce Curtain County. IN THIS EPISODE: • [01:05] An introduction to today's guest, Supervisor Chris Lopez. • [02:32] Chris shares a bit about Monterey County and his district. • [04:09] What Chris is hearing from his constituents at the moment. • [08:29] How he's tackling these issues and why housing is top of mind. • [12:02] Chris tells us about the California Coastal Commission. • [15:35] What the California Coastal Commission is doing for the housing issue. • [19:37] How Chris hears about the community's housing concerns. • [22:53] Chris touches on the rebuilding of the Malibu Palisades. • [24:12] What led him to his current role, and why his career path has been surprising. • [29:47] The college club he started and how he met his wife through it.

Denver fix and flip margins are shrinking, condo inventory just hit 11 months, and some DSCR lenders are approving loans at 0.75 debt service coverage. That’s not a typo. For anyone trying to get a clear Colorado real estate outlook for 2026, the signals are mixed — and most of them you won’t find in the MLS. To help make sense of it all, Chris Lopez sits down with Kevin Amolsch, founder of Pine Financial, a Colorado private lender that has originated over $1 billion in loans across 2,800 transactions since 2008. Beyond lending, Kevin is actively buying commercial buildings, demising flex warehouse space in Broomfield, and stripping cellular tower leases off office properties the way some investors strip mineral rights. As a result, he has a front-row seat to what’s actually working — and what’s quietly blowing up. In this episode, Kevin shares what Pine’s current deal flow reveals about the Colorado real estate outlook for 2026 and why he’s moved away from residential toward commercial assets. He and Chris also have a candid back-and-forth on the Denver price forecast — Kevin expecting flat, Chris leaning slightly negative. From there, they dig into why the condo and attached product market may be the riskiest place to be right now. In This Episode We Cover: Why Kevin sees fix and flip margins compressing — and what experienced flippers are doing about it The DSCR loan warning every Colorado investor needs to hear before refinancing a BRRRR Kevin’s honest breakdown of Denver’s 2026 price outlook: detached, attached, and multifamily How Kevin is stripping cellular leases off his office building like mineral rights — and what they sell for Why ground-up townhome development is struggling and what the 11-month condo inventory actually means The 10-year treasury vs. risk spread explained clearly, and what Trump’s MBS buying could actually do Why Kevin is price-checking his subs and vendors right now — and why you probably should be too If you’re trying to get a clear Colorado real estate market outlook for 2026 — and figure out what moves actually make sense right now — this is the episode to listen to. Watch the YouTube Video https://youtu.be/rWL6gxboybg Timestamps 00:00 – Welcome & Kevin Amolsch Introduction – Pine Financial founder returns  01:20 – Pine Financial Overview – $1B+ in originations, 2,800 transactions, $250M under management  03:20 – New Office Building in Littleton – Bought 24,000 sq ft Wells Fargo building at 7 cap  05:59 – Cellular Lease Strategy – Stripping tower leases like mineral rights, sells at 3.5–4.5 cap  07:33– Office Rehab Lessons – Why Office-to-Apartment Conversions Are So Hard  10:33 – Broomfield Flex Warehouse Deal – 18,000 sq ft, 4 small-bay suites, recovering a troubled partnership  12:27– Fix and Flip Market Right Now – 10% discounts on wholesale deals, six-figure rehab budgets  15:40 – Flipper Margins Shrinking – Why experienced investors won’t touch a deal under $100K net  19:24– Denver Price Forecast for 2026 – Kevin: flat on detached. Chris: slightly negative (1–3%)  21:49 Condo Market Warning – 11 months of inventory, why Kevin calls it riskiest asset class right now  22:42– Multifamily Supply Glut and When It Burns Off – Vacancy near 10%, stabilization likely 2027  25:53– DSCR Loan Landscape – Loans at 0.75 DSCR, five-year prepay traps, what to watch for  27:44– BRRRR Reality Check – Cash-in refinances are common now, full pulls are rare  29:27– Ground-Up Construction Struggles – Why new townhome developments are sucking wind  33:26– Interest Rate Mechanics Explained – 10-year treasury vs. risk spread, Trump MBS buying  36:00 – Macro Outlook: Rates, Fed Chair, Unemployment – Why Kevin expects just one cut in 2026 Connect with our Guests Kevin Amolsch kevin@pinefinancialgroup.com Links in Podcast ATTOM Property Data Pine Financial

Worship led by Chris Lopez

Today's show is part of our Community Spotlight Series, where we feature PassivePockets members who share hard-won lessons to help other LPs invest smarter. Christine Kwasny joins Chris Lopez to walk through a detailed retrospective on her syndication portfolio, what she thought she was buying, what actually happened, and what she'll do differently going forward. Christine started investing actively in 2008, building a Portland-area rental portfolio (single-family renovations that eventually grew into fourplexes). After moving abroad in 2013, she shifted into syndications in 2019–2020 but like many investors, she later found that several 2021–2022 vintage deals didn't play out the way pro formas suggested, which triggered a deep review of her entire process. In this conversation, Christine breaks down the biggest errors she sees investors make (including “set it and forget it”), how distributions can mask problems, how LPs can quietly fall down the capital stack, and how she used AI to analyze years of offering materials and quarterly reports across 30+ investments. She also shares her “Market Metronome” framework, a simple way to sanity-check underwriting assumptions against real historical ranges and market cycles. Key Takeaways “Passive is a tax and legal term, not a verb”: why syndications often require more scrutiny than owning your own rentals How distributions and quarterly reports can create false confidence—and what to look for in the core updates Capital stack drift: how mezz/preferred equity can change your risk even without a capital call Using AI to accelerate due diligence: summarizing OMs, tracking quarter-by-quarter changes, and stress-testing assumptions The “Market Metronome”: a practical way to pressure-test pro formas against historic highs/lows and cycle reality Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk. Nothing here is investment, tax, legal, or financial advice; consult qualified professionals. Past performance is not indicative of future results. This podcast may include paid advertisements or promotional materials for sponsors, funds, or offerings and should not be interpreted as a recommendation or endorsement by PassivePockets, LLC or affiliates. Conduct your own due diligence and consider your financial situation before engaging with any advertised products or services. PassivePockets, LLC disclaims all liability for any actions taken based on the information presented.

Something shifted in January — and this January 2026 Denver real estate market update breaks down exactly what’s happening. Rents are resetting to 2018 levels. A third of all available apartments were built in the last decade. Colorado now ranks 5th nationally for outbound moves. 55% are leaving the state — the highest since 1990. Landlords across the Front Range are holding rents flat or cutting them just to keep units filled. But here’s what most people are missing — this same pressure is creating buying opportunities that haven’t existed in over a decade. Chris Lopez sits down with his monthly market panel. Troy Howell with Nova Home Loans, Jeff White with Envision Advisors, Jenny Bayless covering Colorado Springs, and Shawn Riley from KeyRenter Denver all join the conversation. The group digs into the numbers. They share what they’re seeing firsthand from their own portfolios, clients, and deal flow. Things get real when Chris reveals a fourplex across the street from his own just sold at his 2018 purchase price. That confirms what the data has been showing about multifamily. Then the panel unpacks a $30 million foreclosure on four central Denver apartment buildings. Zero bidders showed up at auction. Colorado residential land now averages $942,200 per acre — up 174% in a decade. That’s why starter homes have disappeared entirely. And Shawn Riley shares that rents on condos and townhomes are down 7-10%. Apartments are offering up to three months free rent, making it brutal for older inventory to compete. In This Episode We Cover: Colorado Springs hits 4.5 months supply — officially tipping into a buyer’s market while prices hold mostly steady Why Denver inventory is building 7-8% year over year and new construction spec homes still aren’t moving even with builder-subsidized 4% rates The rental market resetting to 2018 levels and why landlords are holding rents flat to avoid costly turnover Section 8 developments including Denver paying 120% of fair market rents but freezing new voucher issuance and rent increases Room by room rental demand softening — what co-living operators need to know heading into spring Why the panel says this is Colorado’s first real buyer’s market in a decade and the 1031 exchange strategy to capitalize on it The new Fed chair nomination and what rate improvements of 0.50-0.75% from last year mean for refinance opportunities If you’ve been waiting for a 2026 Denver real estate market update that actually tells you where the deals are, this is it. Whether you’re sitting on single family properties eyeing a move into multifamily, a landlord figuring out the right rent price, or an investor ready to pick up distressed deals at steep discounts, the panel breaks down exactly where things stand right now. Watch the YouTube Video https://youtu.be/LJq5IzPcPbM Timestamps 00:00 — Welcome & Guest Introductions  01:13 — Colorado Springs January Stats — New Listings Nearly Double  03:44— Denver Boots on the Ground — Relisting Surge & Condo Financing  05:39 — Denver Metro Trends — Inventory Building & Prices Flat  07:44 — Colorado Land Up 174% — Why Starter Homes Don’t Exist  09:40— Builders Sitting on Unsold Spec Homes  11:11— Colorado Ranks 5th for Outbound Moves  11:55— Rental Market Reset — Rents Feel Like 2018  15:45— Room by Room Rentals — Flat Rents & Co-Living Rebrand  21:58— Section 8 Voucher Changes & Denver Paying 120% of Fair Market Rents  27:51 — Multifamily at 2018 Prices & $30M Foreclosure With Zero Bidders  35:05 — Renting vs. Buying — Jenny’s Real Numbers Comparison  37:53 — Mortgage Rates & New Fed Chair Nomination 41:24— Buyer’s Market Playbook — Time for Disrespectful Offers Connect with our Guests Jeff White: jeff@envisionrea.com Troy Howell: troy.howell@novahomeloans.com LinkedIn: Troy Howell Website: https://www.novahomeloans.com/loan-officer/troy-howell/ Shawn Riley: shawn@keyrenterdenver.com Website: https://keyrenterdenver.com/ Jenny Bayless: Jenny@envisionrea.com Links in Podcast Apartment vacancy in metro Denver reaches highest rate in 16 years, pushing down rents again Realtors say it's still a buyer's market in Colorado, but high housing costs keep renters renting  Mortgage Calculator Lender forecloses on four central Denver apartment buildings Denver Multifamily Hits 2009 Cap Rates (8 Indicators We’re at the Bottom) Download the Free House Hacking Spreadsheet Subscribe to our Reactivated Deal Alert Emails Who is Keyrenter? Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver's team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them. Who is Nova Home Loans? For over 40 years, we've been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today! NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO

FOR MORE - Debt Fund Due Diligence Hub: www.passivepockets.com/debtdd Next Steps Join the discussion + access links/resources: www.passivepockets.com/debtdd Attend the community Zooms (or watch recordings later) Dates mentioned in the episode: Feb 18, Feb 25, Mar 3 (check the member dashboard for times/updates) Attend the 2026 Summit Conference: https://get.biggerpockets.com/passivepocketssummit2026/ This Episode We're officially kicking off PassivePockets' new Debt Fund Due Diligence Series built around what members told us they want most: capital protection and steady cash flow in an uncertain macro environment. Chris Lopez breaks down what real estate private lending actually is (fix-and-flip, bridge, and ground-up construction), why senior debt sits in the “first paid / last to lose” position on the capital stack, and how lending can reduce downside volatility compared to equity-heavy strategies. From there, Chris gets tactical on how to evaluate debt funds like a pro, starting with the single most important document: the loan tape. You'll learn what a loan tape is, what to look for (LTV/LTC/LTARV, borrower quality, defaults/delinquencies, interest reserves, extensions, leverage, fees, and more), and how real-time portfolio data can change the way you assess track record versus longer-cycle equity deals. Chris also shares a field-tested framework for deeper due diligence, including the on-site audit process: reviewing SOPs, pulling and verifying loan files, confirming recorded deeds of trust, and “follow the money” bank reconciliation to reduce lending and fraud risk. Finally, Chris outlines what's next for the series community Zooms, expert panels, sponsor spotlights, and ultimately a community-built Debt Fund DD checklist that lives in the membership area as a continuously updated resource. Key Takeaways Why we're starting with debt: members' #1 fear is losing principal and #1 motivation is steady cash flow Private lending basics: fix-and-flip, bridge, and ground-up construction loan types—and typical timelines Real estate credit is massive: a multi-trillion-dollar market many retail investors still have little exposure to Capital stack 101: why senior debt is “first paid / last to lose,” and how it can reduce return variance Portfolio strategy: debt often functions like the “bond sleeve” of a real estate portfolio as you rebalance risk Two approaches: direct lending (control + concentration) vs debt funds (diversification + passivity) The loan tape: what it is, why it matters, and which columns/metrics actually tell you if risk is controlled The two risks Chris focuses on: lending risk (staying inside the credit box) and fraud risk (borrower + fund level) What “real due diligence” can look like: on-site audits, file pulls, deed-of-trust confirmation, and bank reconciliation Series roadmap: kickoff → community Zooms → panels/fund spotlights → group DD → living DD checklist Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk. Nothing here is investment, tax, legal, or financial advice; consult qualified professionals. Past performance is not indicative of future results. This podcast may include paid advertisements or promotional materials for sponsors, funds, or offerings and should not be interpreted as a recommendation or endorsement by PassivePockets, LLC or affiliates. Conduct your own due diligence and consider your financial situation before engaging with any advertised products or services. PassivePockets, LLC disclaims all liability for any actions taken based on the information presented.