Podcasts about heloc

The U.S. consumer is sending mixed signals. In this episode of Market Pulse, the Equifax Advisors examine the latest economic and credit trends, from persistent inflation and rising household pressures to changing debt, delinquency and HELOC behavior. They also explore the widening differences among consumers—and the leading indicators lenders should watch to identify risk and uncover opportunities for selective growth.

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In this episode we answer emails from Geraldo, Mark, and Zack.  We revel again in their generosity, talk through reinvesting a big cash balance, setting up liquidity backstops with brokerage collateral, and using variable retirement withdrawal rules and a Portfolio Charts calculator to model the Bob Clyatt 95% rule with a Golden Ratio style portfolio.Links:Father McKenna Center Donation Page (please mention Risk Parity Radio in the comment section with your donation):  Donate - Father McKenna CenterPortfolio Charts Retirement Spending Calculator:  Retirement Spending – Portfolio ChartsMorningstar Report with Variable Withdrawal Strategies Analysis:  Morningstar State_of_Retirement_Income_2025.pdf - Google DriveBreathless Unedited AI-Bot Summary:Cash feels comforting until it turns into quicksand. We start with a listener who sold a home, parked the proceeds, and now feels stuck watching markets and wondering if buying Treasuries “right now” is a mistake. We share the simplest antidote we know: stop waiting for perfect and start using a calendar. When your goal is a durable long-term asset allocation, a schedule-based reinvestment plan can beat fear-based timing, even when the news is trying its hardest to make you panic. Next we get tactical about liquidity. We unpack the real-world tradeoffs between a securities-backed line of credit (SBLOC) and a margin loan inside a brokerage account, including the little frictions people only learn after they call their custodian. The bigger idea is creating a backstop so you don't have to keep oversized emergency cash or “just in case” bond piles. We also compare these tools to a HELOC and why credit secured by a sizable brokerage account may be less likely to disappear when markets get ugly. Then we pivot to two themes that make the whole plan worth doing. First, Dolly Parton as an example of emulable generosity, not just talent or fame, and why what you do with your resources matters as much as how you grow them. Second, retirement withdrawal strategies: we answer a question on the Bob Clyatt 95% rule, variable spending, and how to model a golden ratio style portfolio using the Portfolio Charts retirement spending calculator. If you want clearer next steps for risk parity style diversification, retirement planning, and spending rules that flex without falling apart, hit play, then subscribe, share the episode, and leave a review.Support the show

Mortgage and real estate expert David Hochberg joins John Williams to explain what’s going on with Treasury yields, how the war in Iran has been impacting the economy, today’s ADP data, what is expected from Friday’s August labor report, and the risks and rewards of paying off your home with a HELOC. David hosts “Home […]

Mortgage and real estate expert David Hochberg joins John Williams to explain what’s going on with Treasury yields, how the war in Iran has been impacting the economy, today’s ADP data, what is expected from Friday’s August labor report, and the risks and rewards of paying off your home with a HELOC. David hosts “Home […]

Mortgage and real estate expert David Hochberg joins John Williams to explain what’s going on with Treasury yields, how the war in Iran has been impacting the economy, today’s ADP data, what is expected from Friday’s August labor report, and the risks and rewards of paying off your home with a HELOC. David hosts “Home […]

Mortgage and real estate expert David Hochberg joins John Williams to explain what’s going on with Treasury yields, how the war in Iran has been impacting the economy, today’s ADP data, what is expected from Friday’s August labor report, and the risks and rewards of paying off your home with a HELOC. David hosts “Home […]

Gloria Gear likes buying what she calls “little old lady houses”: older, outdated properties that many buyers overlook.She makes inexpensive upgrades that look great without breaking the bank, while also replacing major systems to avoid being nickel and dimed by repairs after a tenant moves in. By buying and improving these properties, Gloria creates approximately $100,000 in equity with each purchase.On this episode, Gloria shares the different financing strategies she has used to buy rentals, the upgrades that deliver the biggest impact for the money, and how she decides where to save and where to spend.She also explains her slow and easy approach to building wealth: buy a rental, fix it up, rent it out, and hold it for the long term. We also discuss her long term goal for her portfolio and why she believes successful rental investing requires constantly learning.https://rentalincomepodcast.com/episode589Thanks To Our Sponsors:Ridge Lending Group - Ask about the All-In-One loan. A first-position HELOC on rentals.MidSouth HomeBuyers – Turnkey Rentals In Memphis, Little Rock, and Dallas. Instant Cash Flow On Day One.PadSplit - Earn 2.5X more rental income with PadSplit's shared housing model.

Puritan poet Anne Bradstreet once wrote, “Wisdom without an inheritance is better than an inheritance without wisdom.” Every parent hopes the resources they leave behind will bless their children. But a financial inheritance can have very different effects depending on the person receiving it. That is why wise wealth transfer requires more than simply deciding how much to leave—it requires careful thought, prayer, and an understanding of each child's unique circumstances. Ron Blue, co-founder of Kingdom Advisors and longtime teacher on biblical stewardship, calls this the uniqueness principle. Equal Love Doesn't Always Require Equal Treatment Studies show that many parents divide their estates equally among their children. There is certainly nothing wrong with that approach, but Ron encourages parents not to make equality the automatic default. As he explains, God loves each of His children equally, but He often treats them uniquely. The same can be true within a family. Children may grow up in the same home and sit around the same dinner table, yet adulthood can take them in very different directions. They may marry differently, parent differently, pursue different careers, experience job losses, accumulate different levels of wealth, or develop very different approaches to money. Those differences can matter when determining how an inheritance should be passed down. The question is not simply, “How can I divide everything evenly?” A better question may be, “How can I steward these resources in a way that truly benefits each child?” Three Questions to Ask Before Leaving an Inheritance When Ron and his wife, Judy, began thinking seriously about their own estate plan, they used three questions to evaluate what an inheritance might mean for each of their five children. 1. What is the worst thing that could happen? Imagine giving a particular amount of money to a particular child. How could that money negatively affect his or her life? For one child, the concern may be minimal. The money might simply be given away. For another, however, a large inheritance could create tension within a marriage, reinforce unhealthy financial habits, reduce motivation to work, or create other unintended consequences. 2. How serious would that outcome be? Not every negative possibility carries the same weight. Some may be inconvenient but manageable. Others could damage relationships, character, or financial stability. Parents should carefully consider the seriousness of each potential consequence. 3. How likely is it to happen? Finally, consider probability. A possible problem is different from a probable one. Together, these questions provide a framework for thinking beyond percentages and dollar amounts to the actual impact an inheritance could have. Your Estate Plan Should Change as Life Changes Another important part of the uniqueness principle is recognizing that circumstances rarely remain the same. When Ron and Judy first began asking these questions decades ago, their children were at very different stages of life than they are today. Careers changed. Marriages developed. Families grew. Financial circumstances shifted. As a result, Ron says the answers they would give today are very different from the answers they would have given 25 years ago. That is an important reminder: An estate plan should not necessarily be a one-time decision. As circumstances change, parents may need to revisit both their assumptions and their plans. Don't Pass Wealth Without Passing Wisdom Underlying Ron's approach is one of his most important principles: Don't pass wealth unless you pass wisdom. Wealth does not automatically produce wisdom. In fact, money can magnify whatever attitudes and habits already exist. Wisdom, however, can help someone steward wealth faithfully—and even create additional resources through diligence, generosity, patience, and wise decision-making. That means preparing the next generation involves far more than preparing legal documents. Parents can begin transferring wisdom long before they transfer wealth by talking openly about stewardship, generosity, work, contentment, financial decision-making, and God's ownership of everything. The greatest inheritance may not be the money children eventually receive, but the biblical principles they learned while their parents were still living. Faithfulness Matters More Than Fairness The uniqueness principle does not mean every estate should be divided differently. After thoughtful consideration, parents may still conclude that an equal distribution is the wisest choice. The point is not that equal is wrong or unequal is better. The point is to avoid allowing cultural expectations, guilt, fear of conflict, or simple habit to make the decision for you. Instead, approach wealth transfer prayerfully and deliberately. Ask what each child's circumstances are. Consider what opportunities or challenges an inheritance might create. Think carefully about the consequences. Revisit those decisions as life changes. Ultimately, wealth transfer is an act of stewardship. The resources we leave behind still belong to God, and our responsibility is to manage them according to His wisdom rather than merely following human expectations. Before asking, “How can I make everything equal?” consider asking a deeper question: “What would faithfulness look like for each person God has entrusted to my care?” On Today's Program, Rob Answers Listener Questions: I'm 60, own two rental properties outright, rent an apartment in Chicago for $2,100 a month, and have about $1.4 million in savings and investments. My rental income is seasonal, but I haven't had to draw from my portfolio yet. Is continuing to rent in Chicago financially reasonable, and is $1.4 million likely enough to support me long term? My wife and I are buying a new home and have about 60% of the purchase price in cash. We need the remaining 40% for only 60 to 90 days until our current paid-off home sells. Would a HELOC, bridge loan, or another short-term financing option make the most sense? Our 22-year-old daughter lives at home and has very few expenses or responsibilities. Would it be biblical and wise to start charging her rent, and how should we determine a fair amount? Resources Mentioned: Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner) FaithFi Field Guide: How Much Money is Enough? Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every weekday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In just under six years, Bryan Field built a 100% remote real estate investment portfolio producing over $65,000 per year in cash flow. He bought properties sight unseen, chose markets that made the most money, and routinely reinvested his home equity. He started with zero real estate experience, and his first real investment went way over budget, but he bounced back and has already replaced a sizable chunk of his salary. Stuck in San Diego, Bryan knew he wanted to invest, but not in the million-dollar houses around him. The best bet? Move to a cheaper market (Arizona), buy a home, and try to invest there. A HELOC-funded house flip with a friend turned into a six-figure renovation, but they both walked away unscathed. After returning to San Diego with his newborn son, Bryan was determined to invest somewhere affordable, scalable, and profitable. Over the next few years, Bryan bought duplexes in South Dakota, seller-financed portfolios in Arkansas, and short-term rentals in Virginia. He used equity to make down payments, moved markets when he found better deals, and now makes over $5,000/month on his rentals alone, living in Southern California and investing from thousands of miles away.  Priced out of your market? Feel like you're boxed out of investing? If you've got a laptop, a phone, and some starting capital, you can repeat Bryan's process! In This Episode We Cover How to use home equity (via a HELOC) to buy your first investment property  Choosing a market with the best cash flow potential (and tenant pool) How to find seller-financeable rental property deals even in a market you're brand new to Buying investment properties sight unseen confidently when you're hundreds or thousands of miles away  The creative investment Bryan made that is not a rental property but is in real estate  And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠h⁠⁠t⁠t⁠ps://www⁠.biggerpockets.com/blog/real-estate-1324. Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Paying off your mortgage can feel like one of the clearest signs of financial freedom. I understand the appeal. For many families, that monthly payment represents pressure, obligation, and dependence on someone else. That is exactly why Velocity Banking can sound so compelling. Use a home equity line of credit to attack the mortgage balance, run your income through the line, reduce the total interest you pay, and get the house paid off faster. On paper, the math can work. That is not really where Bruce and I disagree. https://www.youtube.com/watch?v=C6N3lnog3PY What I want you to look at is what happens to your control of capital while you are doing it. A HELOC gives you access to credit under a bank's contract and lending rules. Infinite Banking starts from a different premise: build capital first, then use the policy's loan provision to access capital against what you have already built. Both strategies can involve borrowing. Both require disciplined behavior. But they are not the same financial system. And I want to say this up front: we are not anti-HELOC. A HELOC can be a useful financial tool. The purpose of this conversation is not to tell you that using one is automatically wrong. It is to help you see the structural tradeoffs clearly, especially if you are thinking about making a HELOC the center of your banking strategy. When you are thinking beyond one transaction, about the opportunities you want to pursue, the people you want to provide for, and the financial strength you want to build for your family, that distinction matters. Key TakeawaysWhat Velocity Banking Actually DoesPaying Less Interest Is Not the Only Financial ObjectiveA HELOC Gives You Access to Credit. That Is Not the Same as Controlling Capital.Home Equity Is Valuable, but It Is Not Liquid CapitalWhat Infinite Banking ChangesThe Ownership Question MattersA Different Way to Think About Paying Off the MortgageThe HELOC Draw Period Deserves Attention From the BeginningInfinite Banking Has Tradeoffs TooThe Bigger Question Is Who Controls the Capital Key Takeaways Velocity Banking can accelerate mortgage payoff, but the HELOC itself does not create the savings. Your cash flow and additional principal reduction do the work. Home equity is a real asset, but it is not the same as liquid capital. Turning it into spendable cash requires a sale or another financing decision. A HELOC gives you access to bank credit. Your continued access to unused credit remains subject to the lender's contract and applicable rules. Infinite Banking requires capitalization first. Policy loans charge interest and have to be managed responsibly. Our preference for Infinite Banking is about building a capital system around liquidity, contractual guarantees, long-range behavior, and control, not pretending every bank loan is bad. Before you ask how fast you can eliminate your mortgage, ask what position your capital will be in while you are getting there. DimensionHELOC (Velocity Banking)Infinite BankingWhere the capital comes fromA bank's credit line against your home equityCapital you build first inside a participating whole life policyGetting access to itThe bank approves the line; access to unused credit stays subject to the lender's contract and rulesThe policy's loan provision, based on the contract and available loan value — not income, credit score, or home valueWho controls continued accessThe lender, which may freeze or reduce the line in defined circumstances (per the CFPB)You, within the terms of the policy you ownCost of borrowingCommonly a variable rate that can change over timePolicy-loan interest (not free money); an unpaid loan can reduce the death benefitLiquidity of the underlying assetHome equity is real but not spendable until you sell, refinance, or borrow against itA capital base designed to stay liquid, accessible, and deployableUnderwriting each time you use itSet when the line is established; future refinancing depends on conditions at that timeNo bank-style underwriting each time you use the loan provisionYour relationship to the institutionYou are the bank's customerYou participate in a mutual insurer as an eligible policyholder (dividends are non-guaranteed)The main tradeoff to weighAccess can tighten at exactly the moment you need itYou must capitalize the policy first, and give it timeHELOC vs. Infinite Banking at a glance What Velocity Banking Actually Does Velocity Banking uses a revolving line of credit, often a HELOC, as part of a mortgage-payoff strategy. The basic mechanics are straightforward. You open a HELOC against available equity in your home. You use some of that credit to reduce or replace mortgage debt. Then you direct income into the HELOC and use the line again for living expenses. If more cash flows into the line than flows back out, the balance declines. That can reduce the total interest you pay and shorten the payoff timeline. But here is the part I do not want you to miss: your surplus cash flow is paying down principal. The HELOC changes the path the money takes. It does not create the surplus. Bruce said it very simply in our conversation: your behavior is more important than the strategy. If your income is steady, your spending stays disciplined, rates cooperate, and you follow the plan consistently, the model can look very compelling. But life is not an illustration. Income changes. Businesses have slow seasons. Families face expenses they did not plan for. And sometimes an opportunity shows up at exactly the moment you were not expecting it. That is why I want a financial strategy to be evaluated by more than how it performs when everything goes perfectly. I also want to know what options it leaves you when life does not follow the spreadsheet. Paying Less Interest Is Not the Only Financial Objective One of the strongest arguments for Velocity Banking is something we actually agree with in principle: the interest rate by itself does not tell you the total cost. A higher rate on a balance that falls quickly can, in some circumstances, produce less total interest than a lower rate carried for decades. Looking only at the rate can give you an incomplete picture. But looking only at interest saved can do the same thing. I understand why people see the amount of interest on a long mortgage schedule and immediately think, "I need to get rid of this as fast as possible." That reaction makes sense. Nobody is trying to pay a bank more interest than necessary. The question I want you to add is: what else is happening to that dollar while you are paying down the house? Every extra dollar of principal you put into the four walls of your home increases your equity, but that dollar is no longer liquid. To turn home equity back into spendable cash, you have to sell, refinance, or borrow against the property. There is also an opportunity cost. Could that same dollar have strengthened your reserves? Funded your business? Put you in position for an investment opportunity? Built capital somewhere that remained accessible to your family? A paid-off home may absolutely be part of your financial plan and part of your legacy. But so is the financial capacity you preserve along the way. For me, that is the bigger conversation. We are not simply trying to win an interest calculation. We want each decision to strengthen the whole financial system. A HELOC Gives You Access to Credit. That Is Not the Same as Controlling Capital. This is the distinction at the center of the episode. When you have a HELOC, a bank has agreed to extend credit to you against the equity in your home. That credit can be incredibly useful, but it is still a lending relationship. The bank decides whether you qualify when the line is established. Your available credit exists under the agreement, the value of the collateral, and the lending rules that apply to the account. HELOCs also commonly have variable interest rates, so the cost of borrowing can change over time. Some products offer fixed-rate features, but the details depend on the lender and the contract. The other issue is access. An unused credit line is not the same thing as cash you already control. The Consumer Financial Protection Bureau explains that a lender may freeze additional advances or reduce a HELOC in certain circumstances, such as a significant decline in the home's value or a material change in the borrower's financial condition. That does not mean a bank can simply demand repayment of every HELOC whenever it wants. Bruce was careful about that distinction in our conversation, and I want to be just as careful here. It means your continued access to unused credit is not entirely yours to decide. If your financial strategy depends on that line staying open and available, that matters. You are still a customer of someone else's bank. Home Equity Is Valuable, but It Is Not Liquid Capital Owning more of your home is not a bad thing. A paid-off home can be a meaningful goal. But we need to distinguish between having equity and having capital you can deploy. Your home's equity is real. The house is an asset. But if you want to use that equity without selling the property, a lender usually has to become part of the decision again. That is why Bruce and I kept coming back to the image of money being stored inside the four walls of the house. You can put more money in by paying down principal. The harder question is how easily you can get that money back out when you need it, and on whose terms. If your primary financial objective is to pay off the house as fast as possible, you may be directing a large share of your available cash into an asset that is not immediately deployable. At the same time, you may be delaying your ability to build a capital base somewhere else. For me, financial freedom includes having capital that is growing,...

Jim and Chris discuss listener emails on Social Security survivor benefits and earnings records, financing a home purchase, and using a fixed indexed annuity (FIA) for discretionary spending. (11:15) A listener asks why a Social Security estimate lists a $3,944 survivor benefit rather than the projected $5,101 age-70 benefit and which amount would actually be paid. (21:45) The guys consider whether adding previously omitted stock option income to a 2017 earnings record could result in higher Social Security benefits and back pay. (31:30) Jim and Chris weigh using a 60-day IRA or Roth IRA rollover to finance a home purchase before selling the current home against a HELOC or mortgage. (55:15) Another listener asks for their thoughts on using a fixed indexed annuity (FIA) with an income rider to support discretionary spending and how it compares with their simpler annuity strategies. The post Social Security, Social Security, Home Purchase, Fun Spending: Q&A #2635 appeared first on The Retirement and IRA Show.

I used AI to generate a financial plan & life roadmap and then I gave this to 2 experts for review. Today I'm thrilled to host Mark McGrath, CFP, and Aravind Sithamparapillai, CFP, on the show.Mark McGrath is a leading Canadian voice in evidence-based finance & founded his own advice-only practice called Phynance, where he helps physicians with financial planning. He is also co-author of “Wealthier: The Investing Field Guide for Canadian Millennials.”Aravind Sithamparapillai is a financial planner and founder of AMA wealth. Last year, Aravind earned his CFP® designation with the highest exam score in the country, placing him at the top of the CFP® Exam President's List. He was also selected for FP Canada's Emerging Leader's Award.Discussion Points:Part 1 - introductions (2:24)- my AI inputs and outputs (5:18)- Mark & Aravind's initial reflections (9:25)Part 2 - Limitations (26:17)- knowing how much one will spend in retirement, stress testing, compensation strategiesPart 3 - Tax efficiency - RRSP debates (43:05)- Individual pension plan (46:01)- Home equity line of credit/HELOC (51:15)- Permanent life insurance (58:40)Part 4 - Top priorities - (1:07:32)Mark McGrath:phynance.ca https://www.linkedin.com/in/markmcgrathcfp/Aravind Sithamparapillai:https://amawealth.ca/https://www.linkedin.com/in/sithamparapillai/Yatin Chadha:Newsletter: https://www.beyondmd.ca/newsletterWebsite: https://www.beyondmd.ca/LinkedIn: https://www.linkedin.com/in/yatin-chadha/Email: yatin@beyondmd.caRadiology Courses for Clinicians:https://beyondradiology.thinkific.com/courses/ct-head-interpretation-coursehttps://beyondradiology.thinkific.com/courses/master-ct-head-interpretation-courseAmex credit card referral link:https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP

Can You Fully Finance an Investment Property? Can you buy an investment property without bringing your own down payment? Sometimes. But there is a big difference between what is technically possible and what is actually smart. In today's episode of the Canadian Real Estate Investing Morning Show, Wayne and Gabby answer a listener question about borrowing the down payment for an investment property, using home equity, private lenders and seller financing. The biggest takeaway is simple: You can sometimes borrow the money — but the source of that money, the cost of that money and the risk you are taking matter enormously.

When David Switzer first decided he wanted to buy rental properties, he did what a lot of new investors do. He started attending local real estate meetups. But he quickly noticed a problem. Everyone seemed to be looking for the same types of properties, running the same numbers, and struggling to find deals that actually worked.That led David in a completely different direction.Near his home, he came across a small commercial condo for sale. It wasn't a huge office building or shopping center. In fact, the property cost a fraction of what he would have paid for a single family rental. David realized there was a side of commercial real estate that most small investors weren't even looking at.On this episode, David shares the pros and cons of owning small commercial properties and how the numbers compare with residential rentals. We talk about how he finds deals, how he screens businesses before renting to them, financing commercial properties, who is responsible for repairs, and some of the strategies that haven't worked for him.David also shares the problems he has run into along the way and what he has learned from investing in a part of the real estate market that gets far less attention than traditional residential rentals.https://rentalincomepodcast.com/episode588Thanks To Our Sponsors:Rentec Direct - Automate the day-to-day work and make property management easy. Use promo code RIP to get 10% off your first 6 months.PadSplit - Earn 2.5X more rental income with PadSplit's shared housing model.Ridge Lending Group - Ask about the All-In-One loan. A first-position HELOC on rentals.

In this Tax Tuesday replay, Anderson Business Advisors' Barley Bowler, CPA, and Eliot Thomas, Esq. answer real-world tax questions on Roth IRA conversions, investing in real estate with retirement accounts, and depreciation after a 1031 exchange. How can you estimate the tax impact of a Roth IRA conversion before filing your 2026 tax return? Is buying real estate through an HSA, traditional IRA, or Roth IRA a smart investment strategy—and what tax rules, advantages, and potential pitfalls should you understand before moving forward? Plus, how is depreciation calculated after a §1031 exchange when you sell a rental property and acquire a replacement property? Barley and Eliot break down these questions and explain the tax considerations investors and business owners should keep in mind when planning their next move.   Would you like to learn more about passing down your estate? Schedule a free consultation here: https://aba.link/b51702  Register for the next Tax Tuesday webinar to get your questions answered Live: https://aba.link/9e733b  Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/7c2c4d    Show Notes: 0:00 Intro 9:05 When I convert a Roth IRA this year how do I determine the accurate tax impact from the conversion amount before filing the 2026 tax return? 20:18 Is it a good idea to buy real estate using your HSA, IRA, or Roth IRA accounts? What are some pros and cons and how should I proceed? 35:51 How is depreciation calculated going forward after a §1031 exchange following the sale of a rental property and purchase of a new one? 43:41 I am planning to use a HELOC from my personal residence and use the funds for my trading activity. Can I deduct the interest as investment interest under Form 4952 if I loan the money to my LLC, and what counts as "net investment income"? 1:04:05 I will have a tax loss carryforward if I elect to use Section 475(f) mark-to-market accounting method. What types of income can I offset? 1:08:51 I currently have a Living Trust that ABA set up in Wyoming, as well as an LLC. I put all my cryptocurrencies into the LLC. Is this the best way to mitigate my taxes? I paid about $2.00 per share and the value is growing substantially. What other options might be better than the LLC? 1:12:42 Is there a way to organize and structure an entity to trade a taxable account and be able to defer taxes until a cash withdrawal?

What if the biggest obstacle to building wealth wasn't your income, your time, or even your circumstances, but simply believing it was possible for someone like you? Today's guest made the decision that her past won't be her children's future. Real estate made that choice possible!  Welcome back to the Real Estate Rookie podcast! Angela Wassom is proof that real estate really can be for anyone that puts their mind to it. While working full-time and raising seven kids, she's built a 20-unit portfolio across four states—starting with a rental she was genuinely afraid to take on. Angela breaks down how she built a team in markets she'd never set foot in, spotted a listing mistake that turned into a five-figure win, and used one financing strategy to fund nearly every deal since!  She also shares the story of a lender who finally said yes after everyone else said no, and the tenant placement that brought her whole journey full circle. By the end of this episode, you'll see exactly how much is possible with the time and resources you already have! In This Episode We Cover How growing up in HUD housing shaped Angela's mindset of becoming a landlord Building a remote investing team in markets you'll never set foot in The MLS listing mistake that turned into a $10,000 repair windfall How a HELOC strategy has funded nearly every deal for Angela  Why every lender said no to Angela's newest short-term rental, until one didn't (and why it was so worth it!)  And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠h⁠t⁠⁠tps://www.biggerpockets.com/blog/rookie-761. Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Most retirement checklists cover the big pieces: your income plan, when to take CPP and OAS, stress testing, consolidating your accounts. But today Joe talks about a different set of moves - the ones the standard lists tend to skip. They all have one thing in common: they either get harder once your paycheque stops, or you cannot undo them later if you get them wrong. The real cost of missing any one of these five moves is not just the move itself. It is that a big unexpected expense quietly forces a sacrifice somewhere else in your life that you never intended to make - your travel budget, your plan to help the kids, your sense of security. Joe walks through five practical steps to take while you are still earning, each one designed to protect one retirement goal from silently eating another.   In This Episode Set up a home equity line of credit (HELOC) while you are still working, not to use it, just to have it. Employment income makes qualifying straightforward. Canada Pension Plan (CPP), Old Age Security (OAS), and Registered Retirement Income Fund (RRIF) withdrawals do not work the same way with lenders. The HELOC sits there as a backstop for speed, for spreading out a tax hit, or for avoiding forced investment sales during a market drop. Finish your big renovation or home project while you still have income coming in to absorb a cost overrun. These projects run over budget, and once the paycheque stops, there is no extra income to cover the gap. The number in your plan and the number you will actually pay are rarely the same. Clear your high interest consumer debt before you retire, and put your mortgage plan in writing. If the consumer debt will not clear on your current income while you are working, that is a readiness signal, not just a to-do item. The mortgage does not have to be gone before you retire, but how you will carry and handle it needs to be written into the plan on purpose. If you plan to help your kids financially - a down payment, a wedding gift, anything - set that money aside outside your core retirement funds before you retire. Because it is a generous and emotional moment, it often does not get run through the plan first, and the money quietly comes out of the same pool you need to live on for the next 30 years. Build a real home maintenance line into your budget, starting at a minimum of 1% of your home's value each year. It is never the same expense twice, but something is almost always coming. Without a line item for it, the cost does not disappear, it just comes out of somewhere else, usually the fun money. About: Your Retirement Planning Simplified is a weekly Canadian retirement planning podcast hosted by Joe Curry, CFP, CEPA, of Matthews and Associates, an independent wealth management firm. Each week, Joe breaks down retirement income, tax, and estate decisions in plain language for Canadians who are near or in retirement.   Next Steps: Want tips like this in your inbox? Sign up for the Retirement Planning Simplified Newsletter and get updates plus our popular 60-Second Retirement Tip: https://bit.ly/RPSNewsletter   Ready to take the next step in your retirement planning? Watch a short overview of our True Wealth Roadmap and see if our process is a fit for you: https://www.matthewsandassociates.ca/vsl   Disclaimer: Opinions expressed are those of Joseph Curry, a registrant of Aligned Capital Partners Inc. (ACPI), and may not necessarily be those of ACPI. This podcast is for informational purposes only and not intended to be personalized investment advice. The views expressed are opinions of Joseph Curry and may not necessarily be those of ACPI. Content is prepared for general circulation and information contained does not constitute an offer or solicitation to buy or sell any investment fund, security or other product or service.

Stock market charts can look like roller coasters, and most people assume the young riders are the ones who enjoy the drops. Not always. Nate Reineke and Chelsea Jones answer a question from an emergency medicine physician who is naturally risk-averse and feels pressure to invest aggressively simply because of their age. We also answer your colleagues' questions. A surgeon in Georgia asks, “We have a decent-sized brokerage account but found ourselves in a position with no emergency fund and a five-figure emergency. Should we take out a HELOC or withdrawal from our account?” A pediatrician in Oregon writes, “I have been a diligent saver for much of my career, and on top of that, I just received a sizeable inheritance of a couple million dollars. I still plan on working until 65. Can I start overspending on travel a bit now?” A Family Medicine Doctor in Texas says, “I am working toward PSLF and have heard about the “buyback program”; what is it and how does it work?” Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you're evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

John Salcedo started investing in rental properties close to home, but as property values, insurance, and taxes climbed, the numbers stopped making sense. Many of the properties he looked at would have generated little or even negative cash flow. Instead of giving up on buying rentals, John changed where he invested.On this episode, John shares how he successfully buys and self-manages rental properties from out of state. We talk about how he finds deals, evaluates properties remotely, handles renovations and turnovers remotely, and fills vacancies without being there in person.John also explains how he finances his rentals and the systems he uses to self-manage from hundreds of miles away. We break down the actual numbers on one of his deals, including the purchase price, rent, mortgage payment, and ongoing expenses. I am running a few minutes late; my previous meeting is running over.John also shares how renovating the property helped him create approximately $100,000 in equity.If you live in an expensive market where rental properties no longer work, this episode shows how looking beyond your local area can open up opportunities for better cash flow and equity growth.https://rentalincomepodcast.com/episode587Thanks To Our Sponsors:PadSplit - Earn 2.5X more rental income with PadSplit's shared housing model.Ridge Lending Group - Ask about the All-In-One loan. A first-position HELOC on rentals.Rentec Direct - Automate the day-to-day work and make property management easy. Use promo code RIP to get 10% off your first 6 months.

Stewardship isn't a one-time decision. It's an ongoing way of life—a cycle that begins with gratitude, moves through faithful growth, and leads to generosity. Tim Tassopoulos, Former President and Chief Operating Officer of Chick-fil-A, has seen that cycle at work throughout his life and career. During his decades with the company, he helped shape a culture known not only for operational excellence but also for servant leadership, hospitality, and investing in people. For Tassopoulos, faithful stewardship starts with a foundational truth: God owns it all. That includes our finances, but it extends much further. Our abilities, relationships, opportunities, time, experiences, and even the challenges we encounter are all things God has entrusted to us. Stewardship is the process of receiving those gifts gratefully, developing them faithfully, and ultimately using them for the good of others and the glory of God. Stewardship Begins With Gratitude The first step in the cycle is gratitude. Before we can faithfully manage what God has given us, we must recognize that it came from Him in the first place. Gratitude shifts our perspective from ownership to stewardship. That contrast is clear in Jesus' parable of the rich fool in Luke 12. The man repeatedly speaks of “my crops,” “my barns,” and “my grain.” His mistake wasn't simply having an abundant harvest. He had forgotten the One from whom his abundance came. The parable of the talents in Matthew 25:14–30 offers another picture. The first two servants received different amounts, yet both faithfully put what they had been entrusted with to work. Their focus wasn't on comparing what they received but on faithfully managing it. Gratitude allows us to do the same. And it requires intentionality. Tassopoulos encourages making gratitude part of the daily rhythm of life through prayer, Scripture, and consciously recognizing God's provision. That gratitude doesn't have to be limited to the things we naturally consider blessings. We can thank God for relationships, resources, and good health, but also recognize that challenges and opportunities can become gifts He uses to shape us. When we begin with gratitude, we are better prepared to steward whatever God places in our hands. Growth Requires Humility Gratitude naturally leads to the next stage of stewardship: growth. If God has entrusted us with abilities, relationships, opportunities, knowledge, or financial resources, faithful stewardship asks how we can develop those gifts—not merely for our own benefit, but so they can increasingly serve others. That requires becoming a lifelong learner. Tassopoulos puts it simply: without humility, there is no growth. Learning begins by acknowledging that we don't know everything. We need the wisdom, experience, correction, and perspective of others. That may come through books, mentors, colleagues, Scripture, or simply reflecting carefully on our own experiences. The more we learn, the more we may be able to contribute. For Tassopoulos, one practical expression of that commitment was something he called a library day. Throughout his career at Chick-fil-A, he intentionally reserved one day each month to leave the office and work from a public library. Away from the distractions of the corporate support center—and with less opportunity to constantly check his phone—he could study, evaluate his schedule, reflect on recent experiences, and look ahead to the next 90 days. Those days became opportunities for restoration, reflection, and refocusing. When Tassopoulos became president of Chick-fil-A and knew the demands on his time would increase considerably, he made what might seem like a counterintuitive decision: he added a second library day each month. Greater responsibility meant he needed more time to think, not less. There is a lesson there for all of us. Growth rarely happens accidentally. Whether we are developing our finances, our professional abilities, our relationships, or our spiritual lives, we need margin to learn, reflect, and make wise decisions. Generosity Is About More Than Money Growth, however, isn't the destination. The purpose of developing what God has entrusted to us is not simply to accumulate more. Growth creates greater opportunities to serve. That leads to generosity.  Financial giving is certainly part of generosity, but biblical generosity is much larger. We can be generous with our time, our attention, our knowledge, our relationships, our encouragement, and our willingness to invest in other people. Tassopoulos saw that modeled repeatedly by Chick-fil-A founder Truett Cathy and the Cathy family. Their generosity has included financial giving, but also mentoring future leaders, investing in employees and communities, and creating organizations designed to serve others. That reflects Chick-fil-A's corporate purpose, developed during a difficult period for the company in the early 1980s: “To glorify God by being a faithful steward of all that is entrusted to us and to have a positive influence on all who come in contact with Chick-fil-A.” Notably, that purpose says nothing about restaurant growth, revenue, or the number of chicken sandwiches sold. It centers on glorifying God, practicing faithful stewardship, and influencing people for good. Business success became something to steward rather than the ultimate goal. Truett Cathy's 10-10-10 Principle Truett Cathy also communicated stewardship through a simple financial principle Tassopoulos remembers well: Give 10%, save 10%, and work 10% harder. The order mattered. Giving came first, reinforcing that generosity should be intentional rather than something we practice only when there happens to be money left over. Saving acknowledged the importance of preparing wisely for both present needs and the future. And working harder reflected Cathy's continual challenge to give your best effort. That philosophy was connected to another biblical principle that shaped Cathy's life. Proverbs 22:1 says: “A good name is to be chosen rather than great riches, and favor is better than silver or gold.” Reputation, integrity, and faithfulness mattered more than financial success. That same mindset can also be seen in Chick-fil-A's emphasis on “second-mile service,” drawn from Jesus' words in Matthew 5:41: “And if anyone forces you to go one mile, go with him two miles.” Going beyond what is required is another expression of generosity. Generosity Brings Us Back to Gratitude This is why stewardship is best understood as a cycle rather than a checklist. We receive what God provides with gratitude. We faithfully grow and develop what He has entrusted to us. Then we generously share the fruit of that growth with others. And when we experience the privilege of giving, serving, mentoring, encouraging, or investing in someone else, we have another reason to be grateful. Then, the cycle begins again. That perspective changes the way we think about money and everything else God places in our hands. The question is no longer simply, “How much can I accumulate?” Instead, we begin asking, “How faithfully can I manage what God has entrusted to me?” Stewardship begins with gratitude, grows through faithful action, and comes full circle in generosity. And as we continue that cycle throughout our lives, the resources God provides become opportunities to glorify Him and bless the people around us. On Today's Program, Rob Answers Listener Questions: I'm turning 65 but plan to keep working and stay on my employer's HSA-eligible health plan. Can I delay Medicare enrollment and continue contributing to my HSA, or do I need to enroll at 65? I need significant home repairs, may have water damage or mold, and also have about $8,000 in credit card debt. I don't want to refinance because my mortgage rate is 3%. Would a HELOC be a reasonable way to cover the repairs and debt, or should I consider another option? Resources Mentioned: Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner) Christian Credit Counselors FaithFi Field Guide: How Much Money is Enough?  Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every weekday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The first real estate deal is often the hardest. Like many rookie investors, today's guest had always wanted to invest in real estate but didn't have a ton of money to buy an investment property. But by getting creative, DIY'ing renovations, and forming strategic partnerships, he's been able to not only get in the game but also snowball to 13 deals! Welcome back to the Real Estate Rookie podcast! Jake McVey spent years absorbing everything he could about real estate investing while working in an entirely different industry, but never quite pulling the trigger. At 23, that all changed. He used the “long-term BRRRR” method to turn his primary residence into his first rental property, and six years later, he and his dad have completed roughly a dozen house flips together! In this episode, Jake breaks down how a HELOC (home equity line of credit) got their real estate investing partnership off the ground, a renovation project so strange that it made them rethink the due diligence process, and the day a finished flip nearly fell apart during an open house. Whether you're looking to string a few flips together or improve at renovations, Jake's lessons on “conservative” deal analysis, creative finance, and managing contractors could help you on your very next deal! In This Episode We Cover How Jake and his dad have completed 13 real estate deals in just six years Making a $50,000 profit on one flip, even after his rehab budget doubled How to turn your primary residence into a long-term BRRRR Using a HELOC (home equity line of credit) to help fund your real estate deals Why you should always get an inspection before doing renovations The pros and cons of forming a real estate partnership with family Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠h⁠t⁠⁠tps://www.biggerpockets.com/blog/rookie-758. Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Guest: Peyton Hoppes, ProVest Wealth Advisors (Spartanburg, SC)Episode SummaryDavid sits down with longtime friend and fellow financial advisor Peyton Hoppes to talk shop. Peyton recently joined ProVest Wealth Advisors in Spartanburg, SC, where he and colleague Gabe are stepping in to take over the client relationships of a retiring advisor. The two dig into what they're seeing with clients day-to-day: how busy families in their "formation years" actually manage cash flow, the real difference between Roth and pre-tax retirement accounts (and when each makes sense), and — for anyone who's ever dreamed of owning a beach house — a breakdown of the smartest (and riskiest) ways to actually pay for one.Key TakeawaysPurposeful money management beats default money management. Peyton runs a system of segregated accounts (savings, taxes, vacation/project fund) so every dollar has a job — and vacations get booked only once the savings cover them.Family formation years (roughly age 28–47) are the most expensive of your financial life. Most people's spending peaks here, then tapers as kids move out.Wealth isn't a number — it's time. Peyton's definition: wealth is the amount of time you can spend not working, not a dollar figure on a screen.Roth vs. pre-tax isn't a "which is better" question — it's a "which serves this purpose" question. Younger earners in lower tax brackets often benefit more from brokerage/Roth flexibility than maxing out pre-tax accounts; higher earners in higher brackets benefit more from pre-tax now with planned Roth conversions later.The three-bucket strategy: pre-tax, Roth (post-tax), and brokerage (post-tax, flexible) — where you focus your dollars should shift as your income and life stage change.Funding a dream property (like a beach house) has real tax tradeoffs. David and Peyton walk through three scenarios: cashing out a brokerage account (and eating the capital gains tax), a HELOC against your primary residence, and a securities-backed line of credit — each with very different risk profiles.Late-in-life cash flow planning is about spending well, not just accumulating. For those in their late 60s+ with fixed income covering expenses, the conversation shifts to strategic giving and enjoying wealth now rather than only growing net worth.About Peyton HoppesPeyton recently joined ProVest Wealth Advisors in Spartanburg, SC, focusing on families with busy lives and high financial complexity — business owners, medical professionals, and families with special-needs children. He and David worked together for several years before Peyton's move.Connect with Peyton:Email: peyton@provestwealth.comLinkedIn: Peyton HoppesWebsite: provestwealth.com

What does it really take to retire sooner and enjoy the years you've worked so hard for? On this episode of the Retire Sooner Podcast, Wes Moss and Christa DiBiase tackle listener questions about retirement planning, investing, taxes, retirement income, and the pursuit of a happier life after work. ·       Examine the idea of building a retirement life map around what matters most to you. ·       Discover what Aristotle can teach us about retirement happiness, purpose, and fulfillment. ·       Confront spending anxiety and why letting yourself enjoy your savings can be surprisingly difficult. ·       Consider when it might be time for a change of scenery—and what a move may mean for your finances. ·       Compare **cost-of-living **calculators when sizing up potential retirement destinations. ·       Analyze strategies for untangling concentrated stock positions, diversification, and the potential tax tradeoffs. ·       Explore the Rule of 55 and when it may provide penalty-free access to certain 401(k) funds. ·       Experience the Retire Sooner Method, from the Money & Happiness Green Zones and Core Pursuits to relationships and sleep. ·       Break down the 4% rule of thumb, withdrawal rates, and the fear of running out of money. ·       Weigh a HELOC versus IRA withdrawal while considering taxes and potential Roth conversions. ·       Walk through listener scenarios involving retirement readiness, withdrawal strategies, and investment allocation. Retirement is about more than hitting a number—it's also about figuring out what you want those years to look like. Listen and subscribe to the Retire Sooner Podcast for more educational conversations about the money and life behind a happier retirement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Curious? Take The Free Money Stress Quiz!Ready? Buy Our Simplified Budget System Now!Budget besties, sometimes budgeting is less about following the “perfect” financial plan and more about making your money work for the actual life you're living.In this episode, we're talking through two real-life coaching situations that show exactly what that can look like.First up: pets. And not just one cute little pet with an occasional bag of food—we're talking multiple animals, grooming appointments, vet visits, specialty food, emergencies, and an annual pet budget that can easily hit five figures. When one savings bucket starts feeling like its own mini economy, it might be time to give it its own checking account.We break down why creating a separate account for a large or complicated expense category can make budgeting so much easier. Instead of constantly transferring money back and forth, you can fund the account each month and let those expenses come directly from it. Less mental math. Less account juggling. More clarity.Then we get into HELOCs.One of Vanessa's clients had already paid off her credit card debt, had her savings buckets dialed in, and was doing an amazing job planning ahead—but she still had a large HELOC. The question became: Does she need to attack that debt immediately, or can she choose to focus on other priorities right now?That leads us into a bigger conversation about fake financial urgency.Sometimes we feel like we should pay something off faster because that's what we've heard we're supposed to do. But your budget doesn't have to be built around someone else's priorities.We talk about looking at the actual numbers—interest rates, whether the debt is fixed or variable, and how it fits into your bigger financial picture—while also asking a very important question:What actually matters to you right now?Because paying off debt is important, but so is building a budget that keeps you from going back into debt. Saving for future cars, kids, travel, pets, and everything else coming your way matters too.And yes, we also explain why a HELOC can be a little bit like keeping Oreos in the house. Sometimes the easiest way to avoid constantly taking “just a little more” is to recognize how tempting easy access can be in the first place.Let's Take Our Relationship To The Next Level:1️⃣ Facebook Group ➡︎ budgetbesties.com/facebook2️⃣ Be on the Podcast ➡︎ budgetbesties.com/livecall3️⃣ Private 1-on-1 Coaching. ➡︎ budgetbesties.com/coachingThis podcast is for educational and informational purposes only and is not personal financial, legal, or tax advice.This description may contain affiliate links, meaning we may get a commission at no cost to you if you click & purchase.Click here to view our privacy policy.

Justin Robbins got into real estate investing almost by accident. Before he even knew what house hacking was, he was doing it with his primary residence. That experience eventually led him to buy his first rental property because he liked the idea of mailbox money and earning a few hundred dollars a month in extra income.On this episode, Justin shares how he went from that first property to building his rental portfolio. We break down how he financed his purchases, where he found the money for his down payments, the types of neighborhoods he targets, and the properties that have produced the best results for him.We also take a detailed look at one of Justin's recent deals. The monthly cash flow is thin, but Justin only had to come up with about $500 out of pocket to buy the property. We run through the numbers, look at the financing, and discuss whether a rental with limited cash flow can still be a good investment when there's almost no money invested in the deal.https://rentalincomepodcast.com/episode586Thanks To Our Sponsors:Ridge Lending Group - Ask about the All-In-One loan. A first-position HELOC on rentals.Rentec Direct - Automate the day-to-day work and make property management easy. Use promo code RIP to get 10% off your first 6 months.PadSplit - Earn 2.5X more rental income with PadSplit's shared housing model.

As AI dominates industry discussions, many see parallels to earlier fears that automated underwriting would replace human underwriters, yet the enduring need for human expertise (along with persistently high mortgage rates) continues to showcase the value of loan professionals and programs like Mortgage Credit Certificates that help improve home affordability. Robbie interviews Wilqo's TiffanyJacobelli on building scalable teams, processes, and operational frameworks that can handle mortgage volume surges without sacrificing quality, compliance, or borrower experience. And the podcast closes with markets reaction to the July payrolls report.Thank you to Figure. Figure is shaking up the lending world with their five-day HELOC, offering borrower approvals in as little as five minutes and funding in five days. Figure has hundreds of partners in the Banking, Credit Union, Home Improvement, and of course, IMB space embedding their technology. Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.

UWM reported a mixed second quarter, with lower loan volume, a significant net loss, and a suspended dividend offset by a record $2.05 billion capital raise to strengthen its balance sheet, while management remains focused on competitive pricing and long-term positioning despite ongoing criticism. Robbie interviews Mortgage Solutions Financial's Dawn Dawson on modern mortgage marketing. And the podcast closes with why Treasuries extended their rally as weak ADP hiring data, mixed global economic signals, and falling oil prices reinforced safe-haven demand ahead of Friday's payrolls report, while broader labor market trends and continued growth in Ginnie Mae custom pools highlighted deeper structural shifts in employment and mortgage markets.Thank you to Figure. Figure is shaking up the lending world with their five-day HELOC, offering borrower approvals in as little as five minutes and funding in five days. Figure has hundreds of partners in the Banking, Credit Union, Home Improvement, and of course, IMB space embedding their technology. Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.

Episode Summary Most people spend more time planning their retirement accounts than planning for the home they'll actually live in during retirement — yet for many Americans, the home is their largest asset, largest expense, and the biggest factor in whether retirement feels stressful or comfortable. Beth Dodson sits down with Rebecca Ivy of Blue Sky Financial for a candid, funny, and deeply practical conversation about treating retirement as "life design." They cover legacy homes vs. cash-flow homes, HELOCs and reverse mortgages, military clients with rental properties in multiple states, why your kids probably don't want your stuff, the three D's every woman should plan for, and Rebecca's unforgettable "get on the scale" philosophy: you can't make good choices about numbers you refuse to look at. Key Topics & Timestamps (00:41) — Why your home belongs in your retirement plan Beth frames the episode: your home is often your largest asset and expense, and the biggest factor in whether retirement feels stressful or comfortable. (01:54) — Retirement is designed around you Rebecca's philosophy at Blue Sky: no two clients are alike. Common paths include downsizing to fund retirement, or keeping a paid-off home as a long-term care safety net. (Nobody ever asks for a bigger house.) (03:13) — Beach houses, cabins, and rental portfolios Some clients plan for a second home; others fund retirement entirely through real estate. Military clients often accumulate paid-off rentals in multiple states — but managing properties from a distance at 67 is different than at 40. (05:08) — Real estate: concrete but flexible Sell it and live in a camper van, keep it as the family legacy hub, tap a HELOC in a health crisis, or explore a reverse mortgage. Unlike Bitcoin, real estate offers relative stability even as markets flux. (06:34) — Funding aging in place Using home equity for accessibility updates (wider doors, ramps), healthcare needs, and in-home care. (07:56) — The reality for women Women make less, save less, live longer, and often become caretakers for adult children and aging parents. Real estate appeals because it delivers the two things women need in planning: safety and control. (09:44) — Legacy home or cash-flow home? The big question. If it's not a legacy home, HELOCs and reverse mortgages make sense because you're planning toward an eventual sale. If it is, talk to your children — they may surprise you. (11:09) — The $8,000 vs. $32,000 carpet quote Same house, same 3,000 square feet, same woman — two wildly different bids. Not everybody's a good guy; get multiple quotes and be careful. (12:21) — The $5 million garage door panic A client with over $5M saved was stressed about affording new garage doors. Rebecca's approach: don't pat people on the head — walk through the numbers logically until confidence is real. (13:14) — Hope is not a plan A cash-flow home puts you in "danger territory" if the market doesn't cooperate when you need it. Be intentional, not reactive. (13:45) — The emotional side of the decision Keep the legacy home? Downsize? Hire a property manager? Balancing nostalgia (finger-painted hallways, gold star stickers everywhere) against practicality (no more mowing at 67). (18:28) — Retirement myths The biggest: not seeing retirement as life design. Also — "this is my home and I will never let it go" as a default rather than a decision, and assuming your kids want the house and the stuff. (They don't want your stuff. Ask them.) (23:21) — When should you start planning? When you get a job. Rebecca has retirement conversations with 25-year-olds. The longer your runway, the more creative power you have. Her advice to her 18-year-olds: put away $500 a month before life gets expensive. (27:47) — The three D's for women Death, divorce, desperation. Rebecca shares the story of her husband's sudden health crisis at 43, while homeschooling six kids: "The universe doesn't give us a warning shot." Divorce for women 50+ is up over 40% — plan for flexibility. (31:04) — Two things to do this year One: build a vision — if you didn't have to work, what would your life and income look like? Two: know your numbers — savings, home value, and whether your piece of the planet is appreciating. (33:24) — "Get on the scale" Rebecca's obstetrician's tough-love lesson, reclaimed as financial wisdom: the number isn't good or bad — what you do after you look at it is. You can't make a good choice about numbers you refuse to see. Key Takeaways Your home is a retirement asset — decide intentionally whether it's a legacy home or a cash-flow home, because the strategies differ completely. Retirement is life design, not just Social Security timing and 401(k) withdrawal rates. Real estate is uniquely flexible for a hard asset: sell, rent, HELOC, or reverse mortgage — but "hope the market cooperates" is not a plan. Talk to your children before assuming the house or the stuff is a legacy they want. Women especially should plan for the three D's — death, divorce, desperation — because they make less, save less, live longer, and caretake more. Start planning when you get your first job; the longer the runway, the more creative power you have. Get multiple quotes on home projects in retirement — the same job can be bid at $8,000 or $32,000. Know your numbers. Awareness isn't good or bad — it's the starting point for every good decision. Resources Mentioned Blue Sky Financial: Rebecca Ivy's firm, designing retirement around each individual client HomeZada: Beth's home management platform — know your home's value as part of knowing your numbers Rebecca's yearly challenge: (1) Build a vision of what you want retirement to look like; (2) know your numbers — savings, home value, and your local market  

Treasuries and Agency MBS have rallied on easing geopolitical tensions, while resilient labor market data, a narrowing trade deficit, and steady purchase-driven mortgage issuance reinforced expectations that the Fed will remain focused on inflation even as higher mortgage rates continue to suppress refinancing activity. Plus, Robbie interviews HomeLight's Nick Friedman on how affordability challenges are evolving as the housing market adjusts to higher borrowing costs. And the podcast closes with the latest look at mortgage applications from MBA.Thank you to Figure. Figure is shaking up the lending world with their five-day HELOC, offering borrower approvals in as little as five minutes and funding in five days. Figure has hundreds of partners in the Banking, Credit Union, Home Improvement, and of course, IMB space embedding their technology. Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.

Phillip Henry started investing in real estate with no experience, very little money, and $50,000 in debt. Today, he owns more than 100 rental units that generate over $2 million in annual revenue.On this episode, Phillip shares how house hacking a duplex helped him buy his first property and begin building his portfolio. We walk through his early deals, how he financed properties without traditional 20% down payments, and the deal that finally allowed his rental income to match his salary and leave his job.Phillip also talks about learning through trial and error without a mentor, how many rentals he owned when he quit his job, and whether someone starting today can still follow a similar path. We also discuss cash flow management, reducing the risk of major property expenses, and his advice for investors who want to build a profitable rental portfolio.https://rentalincomepodcast.com/episode585Thanks To Our Sponsors:Rentec Direct - Automate the day-to-day work and make property management easy. Use promo code RIP to get 10% off your first 6 months.PadSplit - Earn 2.5X more rental income with PadSplit's shared housing model.Ridge Lending Group - Ask about the All-In-One loan. A first-position HELOC on rentals.

As the mortgage industry prepares for a busy fall conference season, consolidation remains a defining theme, highlighted by reports that Mason-McDuffie Mortgage has agreed to sell its production business to Place/Envoy Mortgage while exploring a separate sale of its corporate entity and agency approvals. Plus, Robbie interviews Vesta's Mike Yu about being on the cutting edge of designing mortgage technology. And the podcast concludes with how the Treasury plans to finance itself in the coming quarter.Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.Thank you to Figure. Figure is shaking up the lending world with their five-day HELOC, offering borrower approvals in as little as five minutes and funding in five days. Figure has hundreds of partners in the Banking, Credit Union, Home Improvement, and of course, IMB space embedding their technology. 

Non-QM lenders see opportunity in stricter condominium underwriting standards introduced by the FHFA, while broader markets continue to underscore the premium value of timely information, highlighted by reports of potential changes to the Fed's meeting schedule and the launch of a subscription service offering paying clients early access to market-moving Truth Social posts. Plus, Robbie interviews Aon's John Dickson on the evolution of disaster modeling and how it is impacting the mortgage industry from origination through the capital markets. And we close by examining Treasury and MBS market stability in the wake of last week's Federal Reserve meeting.Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.Thank you to Figure. Figure is shaking up the lending world with their five-day HELOC, offering borrower approvals in as little as five minutes and funding in five days. Figure has hundreds of partners in the Banking, Credit Union, Home Improvement, and of course, IMB space embedding their technology. 

For homeowners considering borrowing against the equity in their home, deciding how to access it is not always straightforward. Should you open a home equity line of credit, or would a cash-out refinance make more sense in the 2026 interest-rate environment? In this episode of Clear Money Talk, Tim Clairmont, MSFS™, LACP™, Wealth Advisor, and Tyler Andrews, CFP®, NSSA®, Wealth Advisor, compare HELOCs and cash-out refinances. They discuss how your existing mortgage rate, borrowing needs, repayment timeline, closing costs, and plans for the money can all influence the decision. They also explore when flexibility may matter more than a fixed repayment structure, why a lower monthly payment does not always lead to a lower long-term cost, and how borrowing against your home may affect your broader financial position. Tune in to hear the full conversation, available now on YouTube, Apple Podcasts, or wherever you listen.

For homeowners considering borrowing against the equity in their home, deciding how to access it is not always straightforward. Should you open a home equity line of credit, or would a cash-out refinance make more sense in the 2026 interest-rate environment? In this episode of Clear Money Talk, Tim Clairmont, MSFS™, LACP™, Wealth Advisor, and Tyler Andrews, CFP®, NSSA®, Wealth Advisor, compare HELOCs and cash-out refinances. They discuss how your existing mortgage rate, borrowing needs, repayment timeline, closing costs, and plans for the money can all influence the decision. They also explore when flexibility may matter more than a fixed repayment structure, why a lower monthly payment does not always lead to a lower long-term cost, and how borrowing against your home may affect your broader financial position. Tune in to hear the full conversation, available now on YouTube, Apple Podcasts, or wherever you listen.

An individual retirement account, or IRA, can be a valuable tool for long-term saving. But like any financial tool, it needs to be understood and used wisely. Proverbs 18:15 says, “An intelligent heart acquires knowledge, and the ear of the wise seeks knowledge.” That's good wisdom for every area of life, including how we manage money. As stewards, we don't want to make financial decisions simply because an account is popular or because someone told us we ought to have one. We want to understand the tools available to us and use them with wisdom, patience, and trust in the Lord. So, how well do you really know your IRA? Let's walk through a few common misconceptions with a simple true-or-false quiz. True or false: You can contribute to an IRA even if you already have a retirement plan through your employer. True. You can contribute to a traditional or Roth IRA even if you also participate in a 401(k), 403(b), or another workplace retirement plan. In 2026, the total amount you can contribute across all your traditional and Roth IRAs combined is $7,500, or $8,600 if you're age 50 or older. You'll need enough taxable compensation to support your contribution, and income limits may affect whether you can deduct a traditional IRA contribution or contribute directly to a Roth IRA. The important point is that having access to a workplace retirement plan does not necessarily prevent you from contributing to an IRA. These accounts can often work together as part of a thoughtful long-term strategy. True or false: An IRA is an account that holds investments, not an investment by itself. True. Think of an IRA as a container. The account itself provides certain tax advantages, but what happens to the money depends largely on the investments you choose to hold inside it. Depending on your IRA custodian, those investments might include mutual funds, exchange-traded funds, stocks, bonds, money market funds, or other investment options. That distinction matters. Sometimes someone will say, “I bought an IRA,” when what they really mean is that they opened an IRA and then invested the money inside it. The IRA is the account. The investments within that account determine how the money is put to work. There are also limits on what an IRA can hold. IRA funds generally cannot be invested in life insurance or collectibles. Certain precious metals may qualify if they meet specific IRS requirements and are held properly. Self-directed IRAs can provide access to more specialized investments, but greater flexibility can also bring greater complexity and risk. As with any financial decision, it's important to understand what you own and why you own it. True or false: Your will determines who receives your IRA, regardless of the beneficiary listed on the account. False. An IRA allows you to name one or more beneficiaries who will receive the account when you die. Those assets generally transfer directly to the beneficiaries outside of probate. In most cases, the beneficiary designation on the account takes precedence over what your will says. That's why beneficiary designations shouldn't be treated as something you set once and forget. Review them periodically, especially after major life changes such as marriage, divorce, the death of a spouse, or the birth or adoption of a child. Estate planning is about more than documents. It's about making your intentions clear and preparing well for those who may one day steward what you leave behind. True or false: Traditional IRAs are subject to required minimum distributions. True. Traditional IRAs are generally subject to required minimum distributions, commonly called RMDs. For those subject to the current age-73 rule, the first distribution generally must be taken by April 1 of the year following the year you turn 73. After that, annual RMDs are typically due by December 31. Failing to withdraw the required amount can result in a significant tax penalty, though that penalty may be reduced when the mistake is corrected promptly. Roth IRAs work differently. The original owner generally does not have to take required minimum distributions during his or her lifetime. Because contributions are made with after-tax dollars, qualified withdrawals can also be tax-free. Those differences are important when deciding how various retirement accounts may fit into your broader financial plan. Retirement Accounts Are Tools, Not Our Security So, how did you do on the quiz? The goal isn't to become a retirement expert overnight. It's to keep growing in wisdom. An IRA can be a useful tool for preparing for the future, but no retirement account can provide ultimate security. Our hope is not in an IRA, a pension, a 401(k), or the number on a balance sheet. Our hope is in Christ. That changes the deeper question we ask about retirement planning. Instead of simply asking, “How much can I accumulate?” we can also ask, “Am I using what God has entrusted to me in a way that reflects faithfulness, generosity, and eternal priorities?” Retirement accounts are simply tools in the hands of a steward. Understanding how they work helps us use them wisely—but remembering whom they ultimately belong to helps us use them faithfully. On Today's Program, Rob Answers Listener Questions: I'm 68, and my husband is 71. We're retired with about $500,000 invested, a $100,000 mortgage at 2.75%, and a $30,000 car loan at 4.99%. We wanted to pay them off from our investments, but our advisor says the tax bill would be about $37,000 and recommends using a HELOC instead, then making one annual payment from our investments. Does that strategy make sense? He also recommends a trust, but we already have wills and our final arrangements paid for. Why might we still need one? My grandson is moving to Bali for two years for work. Should he send his earnings back to the U.S., or open a local bank account and keep the money there? I'm 61 and hope to retire at 63. About 80% of our retirement savings is pre-tax, and 20% is Roth. If we withdraw from pre-tax accounts first, our income could exceed the ACA subsidy limits. Should we consider Roth conversions or use Roth withdrawals earlier to better manage our MAGI and healthcare costs? Resources Mentioned: Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner) FaithFi Field Guide: How Much Money is Enough?  Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every weekday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Rick Sharga, founder of CJ Patrick Company, discusses current housing market conditions and economic trends. Rick explains that despite mortgage rates tripling since the pandemic, the housing market has shown resilience with 49 consecutive months of year-over-year price increases, though sales volume remains down for three years. He noted that while affordability remains a challenge with a $40,000 wage gap for median-income buyers, recent data shows pending sales and mortgage purchase applications running ahead of last year, suggesting pent-up demand may soon drive market recovery. Rick highlighted that inflation concerns stem largely from energy price increases following the Iran conflict, and emphasized that wage growth continues to outpace home price growth, making affordability slightly better. He also discussed how builders currently face a 10-month supply of new homes while existing home inventory remains tight, creating opportunities for investors in both markets. EmpoweredInvestor.com/Ai EmpoweredInvestor.com/Ask Reach out to our Investment Counselors 1-800- HARTMAN Ext. 2 PropertyTracker.com https://cjpatrick.com #HousingMarket #RealEstateReset #MarketRecovery2027 #MortgageRates #HousingAffordability #EconomicGrowth #InflationWatch #HomePrices #RealEstateInvesting #PentUpDemand #SingleFamilyRentals #HousingInventory #JobMarket #GDP #StockMarket #HomeEquity #NewHomeConstruction #SunBeltRealEstate #CJPatrickCompany #DListing #CapitalGainsTax #ApartmentMarket #HousingStarts #EconomicOutlook   Key Takeaways: Jason's editorial 0:00 Updating my clone's virtual brain 6:10 Refi vs. HELOC   Rick Sharga Interview 14:34 GDP growth, stock market and inflation 23:20 Unemployment, job and wage growth 25:52 The housing market- single family and apartments 30:31 Mortgage rates and home prices 35:35 Price trends, inventory levels and the factors that show promise 37:26 Existing and new home sales 41:02 Housing starts are at a 5-year low 42:47 Closing thoughts  

The difference between making money and losing money with rental properties often comes down to sweating the small stuff.On this episode, Terry Kerr and Matthew Vanhorn explain why there is no single secret to making a rental property perform well. Instead, success comes from doing dozens of small things consistently, such as pricing rent slightly below market, responding quickly to repair requests, answering tenant calls, and making the property a place tenants want to stay.Terry and Matthew share how they reduce the time it takes to get a property marketed and rented, the steps they take to keep good tenants longer, and why Terry says the name of the game is getting lease renewals. They also offer tips for avoiding nonstop repairs, selecting the right fixtures that save money over time, and handling tenants who fall behind on rent. Matthew explains how they work with tenants to help them get caught up without unnecessarily delaying the eviction process.We also talk about shopping for insurance, comparing apples-to-apples quotes, choosing the right deductible, and why investors should consider more than just the lowest premium when selecting coverage.https://midsouthhomebuyers.comThanks To Our Sponsors:PadSplit - Earn 2.5X more rental income with PadSplit's shared housing model.Ridge Lending Group - Ask about the All-In-One loan. A first-position HELOC on rentals.Rentec Direct - Automate the day-to-day work and make property management easy. Use promo code RIP to get 10% off your first 6 months.

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Bonds are supposed to be the brakes in a portfolio—but should those brakes be BND, a shorter-term fund, CDs, or a Treasury ladder? Don explains why duration, yield stability, and personal comfort make the answer more nuanced than one ticker.The Friday questions keep coming: pairing AVGE with VT, moving $5 million from real estate into a retirement portfolio, understanding an emerging-markets fund that became legally non-diversified, and building 529s for grandchildren.The final stretch is all planning: Roth conversions and IRMAA, choosing a HELOC over a 401(k) loan, and resisting the urge to let the tax tail wag the retirement dog.00:00 A full inbox of financial questions02:30 BND versus short bonds, CDs, and Treasury ladders06:45 AVGE plus VT—or unnecessary overlap?10:23 Moving $5 million from real estate into markets14:51 When an index fund becomes legally non-diversified18:18 Building 529s and Roth head starts for grandchildren22:16 Roth conversions, RMDs, and IRMAA25:23 HELOC or 401(k) loan for renovations?28:01 The tax tail and a long Roth-conversion planQuestions? Comments? Click!

There are over 100 million lawsuits filed every single year in the United States and you are seven times more likely to face a lawsuit than to get into a car accident. In this episode of The M.O.R.E. Show, Justin Colby sits down with Hillel Presser, asset protection attorney, six-time author, and advisor who has protected over $11 billion in assets for celebrities, athletes, and business owners across the country. Hillel breaks down the single most powerful wealth protection principle the ultra-wealthy use, own nothing and control everything and exactly how to set up LLCs, trusts, and protective entities so that one lawsuit never takes everything you have spent your life building. KEY TOPICS COVERED: Why you are seven times more likely to face a lawsuit than get in a car accident  and what to do about it Own nothing control everything the asset protection strategy the ultra-wealthy use. LLCs, limited partnerships, and trusts explained which one is right for your situation. How to title your assets into protective entities without losing access or control. What to do if you are starting a new business today to protect it from day one. Why your accountant and your tax strategist are not the same thing  and why that gap is costing you ️ Key Moments 00:00 — 100 million lawsuits a year, the stat that should scare every business owner 00:35 — Introduction: Hillel Presser and $11 billion in assets protected 01:17 — It's not what you make it's what you keep 02:00 — What the ultra wealthy do to become uncollectable and judgment proof 03:20 — Own nothing control everything explained 04:10 — LLCs, limited partnerships, and trusts — how protective entities work 10:00 — How to pull a HELOC when your home is inside a trust 15:00 — Offshore strategies and advanced asset protection 25:00 — Protecting assets from divorce — 50% chance you need this 35:00 — What happens when a lawsuit hits and you are not protected 40:00 — How celebrities and athletes set up from the beginning 45:00 — The one thing Hillel would tell young people starting out today 48:44 — Start early — why waiting costs you more than you think 50:17 — How to contact Hillel Presser and get complimentary books Connect with Hillel Presser: Website: assetprotectionattorneys.com (Mention The M.O.R.E. Show for complimentary copies of Hillel's latest books) About The M.O.R.E. Show: The M.O.R.E. Show is hosted by Justin Colby and is dedicated to helping real estate professionals, investors, and entrepreneurs maximize opportunity in any market. New episodes every week. Learn more: www.timeformore.com Invest with Elevest Capital: www.elevestcapital.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Spencer Dean wanted to build a rental portfolio, but he did not have enough money to make traditional 20 percent down payments. On this episode, Spencer shares the creative financing strategies he has used to buy rentals with less money out of pocket, including seller financing deals with surprisingly low interest rates.Spencer explains how he finds motivated sellers, structures the legal side of each transaction, and creates solutions for owners facing difficult situations. We walk through several of his deals, including value add properties and homes that were already rent ready.He also shares how postcards have generated most of his opportunities, the types of owners and properties he targets, where he purchases his mailing data, and what he writes on his postcards. Spencer focuses on dependable cash flow and mortgage paydown rather than betting on appreciation.https://rentalincomepodcast.com/episode583Thanks To Our Sponsors:Ridge Lending Group - Ask about the All-In-One loan. A first-position HELOC on rentals.Rentec Direct - Automate the day-to-day work and make property management easy. Use promo code RIP to get 10% off your first 6 months.PadSplit - Earn 2.5X more rental income with PadSplit's shared housing model.

Kyle Kargis sits down with Kinil Doshi and Varsha Shah to talk about their path through the Gator, Owners Club, and SubTo communities and how those relationships shaped their investing strategy. They break down a Phoenix single-family flip that started with borrowed private money, a trusted partner who walked away, and several exit strategies that did not work on paper. Instead of reacting too quickly, they used a HELOC, community feedback, and a co-living conversion to turn the property into positive cash flow, with plans to add an ADU and refinance. The conversation also covers the importance of due diligence, lending processes, and the types of co-living, RV park, and mobile home park opportunities they are pursuing next.   ► Join The SubTo Community & Learn Creative Finance Directly from Pace Morby: https://subto.sjv.io/X42Y94   ► Learn How to Make Money on Other People's Deals - Join the FREE Live Training: https://gator.sjv.io/n4WL6o   ► Turn Real Estate Transactions Into a Real Career. Learn How to Become a Top Tier Transaction Coordinator - Start Here: https://toptiertc.pxf.io/OYyrdz

When Jamie Dietz started investing in real estate, he focused on building and selling properties and believed he could make money by timing the market. He was chasing big profits, but he was not paying enough attention to monthly cash flow.That approach eventually caused him to lose several properties.That experience taught Jamie that appreciation can be unpredictable, but cash flow is what helps an investor survive over the long term. He changed his strategy and began buying rental properties that produce dependable income every month.On this episode, Jamie explains why cash flow now drives every investment decision he makes. He breaks down one of his rental deals, including how he found it, how he financed it, what he spent on renovations, the rent, mortgage payment, repair budget, and monthly cash flow.Jamie also talks about transitioning from self management to professional property management, why he prefers simple properties that make solid long term investments, and why buying a cheap property does not always mean you are getting a good cash flowing deal.https://rentalincomepodcast.com/episode582Thanks To Our Sponsors:Rentec Direct - Automate the day-to-day work and make property management easy. Use promo code RIP to get 10% off your first 6 months.PadSplit - Earn 2.5X more rental income with PadSplit's shared housing model.Ridge Lending Group - Ask about the All-In-One loan. A first-position HELOC on rentals.

Augie Cortez has reached the point that many real estate investors dream about. His rental income covers all of his family's living expenses, giving him a comfortable, low-stress lifestyle. As long as he keeps his properties rented and in good condition, the rentals cover the bills.In this episode, Augie shares how he built his portfolio by buying single-family homes, primarily renting to Section 8 tenants in a great school district. He explains why keeping all of his properties close together has made self-management much easier, why he does most of his own repairs, and how tenant-proofing his rentals has dramatically reduced maintenance headaches.He also explains why providing great service and keeping the properties in good condition has led to tenants staying for many years, which, in turn, reduces his turnover expenses.We also talk about the importance of keeping leverage low and building equity, the lessons he has learned about allowing pets, the toughest challenge he has faced as a landlord, and the advice he would give to anyone who wants to build a rental portfolio that provides financial freedom and peace of mind. https://rentalincomepodcast.com/episode581Thanks To Our Sponsors:PadSplit - Earn 2.5X more rental income with PadSplit's shared housing model.Ridge Lending Group - Ask about the All-In-One loan. A first-position HELOC on rentals.Rentec Direct - Automate the day-to-day work and make property management easy. Use promo code RIP to get 10% off your first 6 months.

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