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On this episode of Next Level CRE, Matt Faircloth interviews Patrick Grimes, founder of Passive Investing Mastery. Patrick shares his journey from a robotics engineer to a seasoned investor, detailing early missteps in pre-development deals during the 2008 crash and how he rebuilt by focusing on recession-resilient markets. He explains why he pivoted from single-family rentals to large-scale multifamily and ultimately to alternative, non-correlated investments like litigation finance. Patrick dives deep into how his firm funds late-stage mass tort legal cases—such as Camp Lejeune and LA Juvenile Detention settlements—for outsized, socially impactful returns. Patrick Grimes Current role: Founder & CEO, Passive Investing Mastery Based in: Honolulu, Hawaii Say hi to them at: investwithpatrick.com | passiveinvestingmastery.com Visit investwithsunrise.com to learn more about investment opportunities. Post your job for free at https://www.linkedin.com/BRE. Terms and conditions apply. Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at www.bestevercommunity.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Hawaii's Best - Guide to Travel Tips, Vacation, and Local Business in Hawaii
Ever found yourself stuck in a long line at a Hawaii “must-see” and wondered if you're missing out on the real magic of the islands?For many travelers, Hawaii's top attractions seem like a dream come true, but beneath the hype, it's easy to get caught up in crowded spots and miss what makes the islands special.
çUn terremoto de gran magnitud con epicentro en la península rusa de Kamchatka ha sacudido el Pacífico, activando la alerta por tsunami en varios países, entre ellos Chile, China, Japón y Estados Unidos. El seísmo, que ya figura entre los diez más potentes de la historia reciente, ha encendido todas las alarmas.A las 8:25 de la mañana (hora local), las primeras olas del tsunami comenzaron a impactar en las costas de Hawái, donde las autoridades ordenaron evacuaciones urgentes. En medio del caos, conocemos la historia de Laura Hostetler, una alicantina casada con un marine estadounidense, que tuvo que huir con lo justo: una lata de ravioli, las joyas de su abuela y sin apenas agua. Tras dos horas y media atrapada en un atasco, logró llegar a la base militar donde se encontraba su marido. El publicista Ferrán Salas nos atiende desde Kioto. Al oeste del país, eina la calma, aunque hay avisos de modificaciones en los horarios de algunos trenes, apunta. Salas se encuentra de vacaciones con su pareja y no tienen previsto modificar su agenda.Además, José Benito Bravo Monje, jefe de área del Instituto Geográfico Nacional (IGN), explica las características de este terremoto y por qué se considera tan excepcional en términos de energía liberada.También hablamos con Nacho Castañón, redactor de Omicrono, quien analiza los avances tecnológicos en detección sísmica y los compara con los de 2004, año en que el tsunami del Índico causó más de 200.000 muertes y afectó a 14 países.
TraditionalGlass Lewis, ISS sue Texas over law restricting use of ESG in proxy-voting advice Italian court allows climate lawsuit against energy giant to proceedItaly's highest court has given the green light to a lawsuit against the oil giant Eni for its role in warming the planet, rejecting the company's motion to dismiss the case. The environmental groups Greenpeace Italy and ReCommon, along with 12 Italian citizens filed suit in 2023 against the state-controlled oil producer for “past and potential future damages resulting from its contribution to climate change.”Honolulu's lawsuit against fossil fuel companies leads climate change legal fightHonolulu's lawsuit is further along than similar litigation across the country. A hearing on Tuesday will indicate how these fights play out in court. In 2020, Hawaii's capital city sued major oil companies, including ExxonMobil, Shell and Chevron, arguing they knew for nearly half a century that fossil fuel products create greenhouse gas pollution that warms the planet and changes the climate. The companies have also profited from the consumption of oil, coal and natural gas while deceiving the public about the role of their products in causing a global climate crisis, the lawsuit says.Rhode Island is the first state to provide menopause accommodations at workCiting New Rules, Meta Says It Will End Political Ads in E.U.Beginning in October, the company will stop ads related to political, electoral or social issues, it said in a release, citing a forthcoming E.U. regulation around the transparency of political advertisingThe Country Where 76% of Cars Sold Are ElectricNepal; 20% worldwide 20%; Norway 92%; US 10%Speed RoundIs this good because a headline not affiliated with Free Float is saying it out loud?: Starbucks CEO Brian Niccol made 6,666 times more than the median employee at his coffee chain last yearSub-score: Is this also good because they actually named the CEO in the headline?Is this good because a CEO is connecting consumer prices to Trump's tariffs?: Procter & Gamble CEO says Trump tariffs are causing the company to hike prices on shoppers Is this good because a CEO is saying something about AI that is not corporate gobbledygook?: Bluesky's CEO warns you shouldn't 'fully outsource your thinking' to AIIs this good because JD Vance agrees with me?: JD Vance calls out Big Tech for firing Americans while hiring cheap foreign H-1B visa replacementsIs this good because Hooters is gross?: Hulk Hogan's death could be bad news for Hooters Is this good for Free Float Media?: Young people aren't anti-capitalist. They're just sick of corporate hypocrisy
Kahuku's former head football coach takes the stand. What his testimony revealed about his lawsuit against the DOE. As public school districts prepare for the new school year, some are bracing for the impacts of federal funding cuts. Why students' mental health is of particular concern. Another stop for the crews of Hokulea and Hikianalia. We'll hear from students who've been serving as cultural ambassadors during this Pacific-wide voyage.See omnystudio.com/listener for privacy information.
Investigators reveal what they suspect was a Manhattan shooter's true target when he opened fire in a busy office building, killing four people. Plus a man is critically injured after crashing on Pali Highway. And an announcement from the Honolulu Police Department on its new headquarters.See omnystudio.com/listener for privacy information.
Hawaii's Best - Guide to Travel Tips, Vacation, and Local Business in Hawaii
Join us for a special members-only episode as you discover the true story of Duke Kahanamoku and the birth of modern surfing. You'll explore how Duke's courage and resilience transformed not just a sport, but the world's understanding of aloha. Learn how you can be inspired by his journey—overcoming prejudice, introducing surfing to new shores, and leaving a legacy that continues to connect people across the globe. Become a member to listen to this and so many more: hawaiisbesttravel.com/members
Crime victim confusion. A service meant to help families, instead brought fears a killer had been set free. The message that raised questions. Your help is needed to find an endangered bird killer on Kauai. When and where this Nene was shot. Celebrating Hawaiian sovereignty. This week marks the 183rd anniversary of La Ho'iho'i Ea. We'll take you to the events over the weekend that were a source of pride for Native Hawaiians.See omnystudio.com/listener for privacy information.
We're tracking a couple tropical storms churning in the central Pacific, including one that developed late this morning. Billy V has your first alert forecast. Former Kahuku head coach Sterling Carvalho is back in court trying to clear his name. Residents on Oahu's north shore staged another rally against a proposed tourist attraction.See omnystudio.com/listener for privacy information.
HFD had extremely busy day with multiple major brush fires on Oahu. Residents of the North Shore community of Haleiwa are protesting the plan to build 150 affordable housing units in their community. We will bring you the reasoning behind their protest. Maui Police says scammers are posing as bank employees and sending text messages saying there have been unauthorized charges to your accounts.See omnystudio.com/listener for privacy information.
A homeless sweep on Diamond Head leads to several arrests. Why city and state officials are welcoming an executive order from President Trump to clear encampments. Plus, a two-month manhunt ends with an arrest of a man who is accused of shooting a woman during an argument in a vehicle. See omnystudio.com/listener for privacy information.
City and state law enforcement officials cleared several encampments during a sweep of Diamond Head Friday morning. Plus, the two-month manhunt for a shooting suspect on Oahu is over.See omnystudio.com/listener for privacy information.
In this episode of the Postural Respiration podcast I am joined by Cody Gillis, DPT, PRC, CSCS. Cody grew up in Boston, MA and earned his DPT from Northeastern University in 2017. It was during his time at Northeastern that he was introduced to PRI by the Strength and Performance staff their who had utilized various positional activities with their athletes. During this explorative track as a 3rd year DPT student Cody was pursuing his Strength & Conditioning certification and spending time with the performance team there. Cody admits to being skeptical at first regarding what he saw but wanted to learn more. During his two required 6 months clinicals Cody gained experience in a local orthopedic setting, but it was during his second rotation that he truly immersed himself. Moving to Hawaii and spending time learning from Randy Fukuji and the clinical cases at Fukuji & Lum in Honolulu produced a desire to dig even deeper. Cody recalls a specific patient that impacted him early on, who had tried everything and been everywhere, but was coming to the clinic solely to work through the Right Sidelying - Left Adductor Pullback technique because that one technique did more for the patient than anything else had. Once Cody heard this he knew it was time to take his first course.Almost immediately Cody was on a flight from Hawaii to New York for his first course, Postural Respiration. Over the following years Cody completed his additional coursework and became certified as part of the 2021 PRC Class. Out of all the coursework he has completed, Cody credits Impingement & Instability and the concepts therein, for providing him the link to a more neurological mindset which has shaped his practice ever since. After spending many years learning and treating at Fukuji & Lum in Hawaii, Cody's desire to spend more one on one time with individual clients, led him to create Respire, initially as a personal training and coaching opportunity in his spare time. After getting married and moving back to the mainland Cody opened his Respire Physiotherapy doors, offering all encompassing care in Santa Barbara and Monterey California.Cody has a strong interest in interdisciplinary care and has attended numerous conferences with other disciplines including joining the PRI community at past AAPMD meetings among others. Most recently Cody's desire to understand and communicate with other disciplines, led him to undergo a PRI Mini Residency at the Hruska Clinic. We discuss his time here and what offering an integrative treatment plan looks like for him as he navigates building relationships with other professionals and offering patients holistic care via those relationships. Cody has a passion for being on, in, or near the water and he looks forward to working with more individuals in the surfing community as well as pursuing more knowledge and the autonomic regulation required of the sport of Free Diving and those who do it.
Bad ghosts, bad ghosts, whatcha gonna do? Whatcha gonna do when they come for you? These Honolulu police officers weren't sure when they faced their own ghostly intruders. In this episode, Lily shares an anthology of real stories from the Honolulu Police Department. Afterwards, Chase discusses a trip HOTW took to the allegedly haunted Casey Moore's Oyster House in Phoenix, AZ.
The Maui County Council moves forward with a controversial proposal to ban thousands of rentals. More trash cans going un-serviced on Kauai due to a county staff shortage. The summer has flown by and the start of school is right around the corner. Have you picked up your child's school supplies?See omnystudio.com/listener for privacy information.
There's a large police presence at Diamond Head as the state and city conduct another sweep of the homeless encampments in the area. An update on the Kapolei wildfire that was highly visible throughout West Oahu. At last check the blaze was 95% contained. Ahead of the new school year, keiki in need were gifted bags of free school supplies. See omnystudio.com/listener for privacy information.
The Honolulu City Council advances a bill that would restore media access to police radio scanners despite the interim's chief strong opposition. The Maui Police Department receives a state-of-the art equipment upgrade: a long awaited night-vision helicopter. Union workers at a Kapolei concrete company hit the picket lines. How many employees walked off the job and the impact on operations.See omnystudio.com/listener for privacy information.
Peter Battaglia, Deputy Director of Mission Assurance at the Defense Logistics Agency (DLA), joins Mike Shanley to discuss DLA's priorities and initiatives in today's evolving defense landscape. The conversation covers logistics surge capacity, securing the supply chain, and the role of NATO's industrial base in supporting global readiness. RESOURCES: GovDiscovery AI Federal Capture Support: https://www.govdiscoveryai.com/ DLA website: https://www.dla.mil/ DLA Strategic Plan (2025-2030): https://www.dla.mil/Portals/104/Documents/Headquarters/StrategicPlan/DLAStrategicPlan2025-2030March2025.pdf BIOGRAPHY: Mr. Peter Battaglia is the DLA Mission Assurance Deputy Director serving as the DLA lead for Mission Assurance, Defense Critical Infrastructure, and Continuity of Operations Planning. He also serves as the Supply Chain Security and Supply Chain Risk Management (SCRM) Program Manager for DLA. In this position he is the expert technical authority responsible for oversight of the design, implementation, execution, and promulgation of DLA's SCS/SCRM Program for worldwide support of OSD, JCS, CCMDs, and Military Services plans and operations. He graduated from the Eisenhower School for National Security and Resource Strategy in 2021. He previously served as the Customer Relations Management Process Owner managing a portfolio of $7M and 800 personnel, including the Customer Interaction Center (helpline) and Customer Support Representatives interfacing with the supported services, combatant commands, and inter-agencies. Mr. Battaglia established and implemented the DLA Agency Synchronization Operations Center (ASOC). The ASOC synchronizes and integrates the Agency's operational mission and business support functions to provide agile, global support to the Warfighter and select Federal Agencies. The ASOC provides Agency leadership and mission partners a shared and standardized view; enables operational support serving as the consensus source of truth among all mission partners; focuses the Agency on output, readiness, effectiveness, and service to standards; and provides the tools and actionable information to conduct root cause analysis, develop solutions and courses of action, and implement senior leader decisions. Mr. Battaglia also served as the Chief of the DLA Logistics Operations (J3) Director's Action Group aligning the strategic efforts and messaging of the J3 and aligned Executive Directors to ensure DLA logistics support. Prior to this assignment, Mr. Battaglia strategically assessed DLA Customer Support by evaluating the DLA personnel laydown and functions resulting in $21M savings across the FYDP. He served as the Medical Materiel Executive Agent (MMEA) Analyst for DLA, orchestrating and synchronizing medical logistics for the complete range of military and whole of government missions such as utilization of non-FDA approved medical materiel and transportation policies allowing commercial narcotic shipments. Mr. Battaglia was born in Honolulu, Hawaii, and hails from Herndon, Virginia. He received his Masters in National Security and Resource Strategy from the Eisenhower School in 2021 and his LOGTECH MBA, Logistics and Technology, from the Kelly School of Business, Indiana University in 2010. He received his undergraduate degree in Chemical Engineering from the University of Virginia in 2000. His wife, two children, and semi-classic BMW hobby serve to keep him busy while not working. Mr. Battaglia has received the DLA Meritorious Civilian Performance Award (2011) and the DLA Superior Civilian Performance Award (2020 and 2005). LEARN MORE: Thank you for tuning into this episode of the GovDiscovery AI Podcast with Mike Shanley. You can learn more about working with the U.S. Government by visiting our homepage: Konektid International and GovDiscovery AI. To connect with our team directly, message the host Mike Shanley on LinkedIn. https://www.govdiscoveryai.com/ https://www.konektid.com/ https://www.linkedin.com/in/gov-market-growth/
Episode 055: Architecture, And: MBAWhat is the value of an MBA paired with an education in architecture?This week's episode is a group discussion between our co-hosts and two fellow MBAs in the profession. Each participant has a foundation in architecture education and training, and is at a different stage in the process of pursuing an MBA. Three of our guests are licensed architects, with the last guest through IDP. Together they'll demystify the MBA and discuss how they pursued and use their business education in their careers. Learn from these personal experiences to better understand what they've gained, what they wish they knew, and their recommendations to others who are considering going to school for business. We also discuss how architects can leverage the talents of someone with an MBA to improve their business operations and performance.Guests:Korey White is driven by her zest for the built environment, bringing open-mindedness and creativity to her role as an architect and urban planner. She applies her dual master's degrees in architecture and urban and regional planning to an interdisciplinary approach that creates impactful outcomes for her clients and the community. Korey currently works for DLR Group in the Chicago office, focused primarily on educational facility master planning for K-12 school districts. Korey is recognized for her leadership within architecture by her recent election to the AIA Strategic Council as 2022 Moderator-elect and has been awarded the AIA Young Architects Award, the BD+C 40 under 40 and the AIA Colorado Leadership Award. She is currently enrolled at the University of Illinois at Urbana-Champaign in the iMBA program. She is a Forte Fellow and will graduate with her MBA in Fall 2022.Keith Kato is an architect and MBA based in Honolulu, Hawai'i. He's worked on a variety of project types including small & large custom homes, K-12, and higher education. Keith is interested in how business innovations can expand the market for architecture and how our communities can grow stronger by unleashing hidden potential. While in school, he was fortunate to participate and then lead the AIAS club Freedom by Design that delivered projects that served seniors and houseless individuals. Keith is currently participating in the great resignation and exploring possibilities aligned with his values.Show Links:
Breaking news this morning of an hours long police investigation in Ewa Beach. At least one death involved. What we learned from the scene. As we get set to mark two years since the Maui wildfires, a group is advocating for mental health awareness. The specific survivors that they say need attention. 10,000 steps has long been the advice for how much you should walk everyday. But is that too distant a goal? The new findings that could change your daily objective.See omnystudio.com/listener for privacy information.
As the two-year anniversary of the Maui wildfire tragedy nears, advocates raise concerns over residents' mental health and PTSD. A group of former Youth Challenge Academy cadets file a lawsuit accusing the organization of physical and sexual abuse. In a surprise move, House lawmakers vote to subpoena the Epstein files from the Justice Department.See omnystudio.com/listener for privacy information.
National intelligence director and former Hawaii congresswoman Tulsi Gabbard is doubling down on her claims that former President Barack Obama tried to interfere with the 2016 election. An Idaho judge has sentenced Bryan Kohberger for killing four students in 2022. And Honolulu police arrest a man accused of setting fire to a playground in May.See omnystudio.com/listener for privacy information.
Workers at a concrete company in Kalaeloa are striking. Uncollected garbage is piling up in West Kauai, as Thursday marks the 3rd day without trash pickup. An outpouring of love from the music world after beloved island recording artist Fiji passed away at the age of 55.See omnystudio.com/listener for privacy information.
Hawaii's Best - Guide to Travel Tips, Vacation, and Local Business in Hawaii
Did you know most visitors to Maui miss out on the island's most authentic experiences by sticking to the same two or three attractions?
As one billionaire continues to acquire more land on Kauai.. there are new concerns about iwi kupuna. Why the actions of Mark Zuckerberg are causing some in the community to worry. The start of school last year caused hedaches for many local families.. with school bus service severely compromised. What can parents expect next month when school starts back up? Speaking of headaches.. loud mufflers and sound systems frequently echo through our neighborhoods. But a crackdown is coming. We look into the new effort which aims to keep the noise down.See omnystudio.com/listener for privacy information.
The investigation into a deadly 2022 officer-involved shooting in Waikiki is over. Why Honolulu's prosecutor says a movie may have inspired the suspect. We're learning more about the young mother who was killed while driving the wrong way on the H-1 Freeway this weekend. And new details on the multibillion-dollar Maui wildfire settlement that paves the way for all victims to receive compensation.See omnystudio.com/listener for privacy information.
Bum kicks this fresh episode off with some amazon route talk!04:28 Show comments 07:47 Outdoor Bum and cabin weekend preview 11:05 Twins talk begins 13:20 Twins vs Pirates series 15:30 Buck's bobblehead day 17:11 Game 3 vs the Pirates and Bum leaves the studio 19:25 Buck truck stats 21:58 Netflix quarterback 23:45 A Taker clip on the Lions25:52 The Lion's blue shades are shining honolulu blue 30:40 AI should be illegal for the elderly and a PGA update 33:35 Wrestling talk begins 35:09 WWE Jelly Roll and SNME recap44:35 Did Goldberg get disrespected? WWE Raw gauntlet match 47:27 All Star game talk with the BnZ Special results 50:00 BnZ special predictions 52:25 Aerosmith Get Your Wings album review 1:02:41 Highest grossing movies of July 17th 1974 ten years apart 1:04:05 Outro Want to get your thoughts involved with the podcast?Check us out on Twitter/X @BumNZillyshowEmail at bumandzillyshow@gmail.com
When it comes to babies, there is one true common denominator for new parents — poop. While it's one of the first things parents can fixate over, pediatricians know what's in the diaper can say a lot about what's going on inside that tiny body. From understanding different stool colors and consistency, to the difference in diaper contents between breast-fed and formula-fed babies, there's a lot to learn about baby poop. This episode was recorded on the exhibit floor at the 2025 Pediatric Academic Societies Conference in Honolulu, Hawaii. Joining us for this episode is Adrienne Hoyt-Austin, DO, a pediatrician and lactation consultant with UC Davis Health. She specializes in general pediatrics and breastfeeding medicine and is also an Assistant Professor of Clinical Pediatrics. Some highlights from this episode include: What baby poop can reveal about their health How to distinguish between normal variations in stool and potential concerns Common colors and consistencies Biggest red flags to look for in baby poop Charting Pediatrics is in the running for a People's Choice Podcast Award, and we need your help to get nominated! Starting July 1, you can head to www.podcastawards.com and nominate us for the “science and medicine” category, as well as the “people's choice” category. Listeners like you are the reason we have become one of the top pediatric podcasts for providers around the world. Your nomination could make all the difference in us receiving this recognition! Nominate us by July 31 and help Children's Hospital Colorado lead the way in pediatric podcasting. Thank you for your support! For more information on Children's Colorado, visit: childrenscolorado.org.
New allegations against Hawaii's largest hospital. The ultimatum nurses are now presenting to Queen's Hospital administration. COVID cases are back on the rise. The new warning from state health officials as more in our community are falling ill. Maui's oldest Catholic School is rolling out new programs in an attempt to bring in new students. What's now being offered.See omnystudio.com/listener for privacy information.
A memorial on the Big Island honors two women who were found dead in the debris of a toppled banyan tree in Hilo as we learn more about who they are. The attorney of the Maui doctor accused of trying to kill his wife wants access to her phone and social media records. And after forcing police Chief Ben Moszkowicz to resign, the Hawaii County Police Commission names an interim chief as it works to find a permanent top cop.See omnystudio.com/listener for privacy information.
The Maui doctor accused of trying to kill his wife during a birthday trip to Oahu was back in court today. Police recovered the remains of two women from deep within the debris of a massive banyan tree that topped in downtown Hilo. And the man accused in a deadly hit-and-run on Kauai heads to trial.See omnystudio.com/listener for privacy information.
A sad, all-too-common refrain lately on Oahu roads as a young woman lost her life in a crash on the H-1. Protect your bikes. Hawaii ranks high on a nationwide list of most thefts. What you can do to prevent someone taking your property. Details on a close call for one passenger flight and the last-minute maneuver needed to prevent disaster.See omnystudio.com/listener for privacy information.
This week on the Team Lally Real Estate Radio Show, we interview Ryno Irwin, Owner and CEO of Hawaii Unified and Co-Founder of Go Local Powur. He unpacks how recent changes in federal tax credits are impacting both residential and commercial solar, why electric bills keep rising, what leasing really means, and how batteries play a role in maximizing solar investments. You also hear the truth about available tax credits, financing options, and how to know when the time is right to make the switch.We also have our Experts We Trust. Jodie Tanga of Pacific Rim Mortgage shares an incredible first-time homebuyer program that offers $5,000 toward closing costs with no interest, no monthly payments, and long-term benefits. Kyle Shimoda of INPAC Wealth provides insights for landlords and property owners sitting on investment real estate, including how 1031 Exchanges and DSTs can help build wealth, and details about an upcoming event for accredited investors. Duke Kimhan of Hawaii Pacific Property Management talks about what sets great property managers apart, why interviewing more than one is essential, and how their team handles tens of thousands of maintenance calls each year—most of them plumbing-related.Who is Ryno Irwin?Ryno Irwin is a visionary leader and entrepreneur with deep roots in Hawaiʻi. Launching his first construction business back in 2006, he has consistently grown companies centered on innovation, opportunity, and making a lasting impact across the islands. Today, as Owner and CEO of Hawaii Unified Industries, Ryno focuses on sustainable growth, job creation, and delivering local benefits. Under his leadership, Hawaii Unified has grown to over 100 employees and played a major role in bringing 20 MW of solar installations to Hawaiʻi as a contractor partner for Powur PBC.Co‑founder of Go Local Powur, Ryno Irwin now steers one of Hawaiʻi's leading solar energy platforms. Based in Waianae and locally owned, Go Local Powur offers end-to-end solar solutions—designing, installing, and maintaining systems for both homes and businesses. Backed by expert partnerships (with brands like REC Solar, Q CELLS, Tesla, Enphase, and SolarEdge), the company delivers customized solar and battery storage options rooted in community trust, cultural values, and aloha. Their team of dedicated professionals is committed to making Hawaii's clean energy transition accessible, affordable, and resilient for kamaʻāina across the islands. To reach Ryno Irwin, you may contact him in the following ways:Phone: 808-283-1991Email: ryno@golocalpowur.comWebsite: GoLocalPowur.com
It's time to get loose with this Jungle, Drum and Bass, and Liquid set. This is my first mix streaming from Apple Music. Check out all 26 IDs on my Instagram post @mikelettner. I know you're going to dig this one. Mahalo for listening!
Following a seven-point-four magnitude earthquake in Russia's Kamchatka Peninsula a tsunami watch was issued then canceled in Hawaii. Dozens gathered for a rally to honor Andrew Brown who was killed by a hit-and-run driver in Kaneohe, last month. Browns family is now trying to prevent the next traffic death, by calling on the public to drive safely. See omnystudio.com/listener for privacy information.
The case over the abrupt firing of Kahuku High's head football coach heads to court. Why Sterling Carvalho wants this resolved before the start of the upcoming season. UFC Hall-of-Famer BJ Penn says he wants to represent himself in his assault and TRO violation cases. And new all-electric buses will be rolling out statewide. How the updated fleets will help save money and the environment.See omnystudio.com/listener for privacy information.
New video shows dozens of police cars that responded to an 18-year-old who allegedly pulled a rifle on a food delivery worker for bringing him the wrong order at the Ewa Town Center. Plus, UFC legend is back in court, BJ Penn faces assault and TRO violation charges after a fight with his mom over memorial day weekend. Meanwhile former Kahuku High football coach Sterling Carvalho, says he wants his job back.See omnystudio.com/listener for privacy information.
President Trump is ordering a new disclosure of information related to the Jeffrey Epstein case. This comes as pressure has been mounting for full disclosure from the government. Meanwhile, PBS Hawaii is responding to the more than one billion dollars in cuts to public broadcasting just passed by Congress. Coming up tonight, Apple will roll out the red carpet for the Hawaii premiere of Chief of War, Jason Momoa's new historical drama series that will start streaming on August 1st. See omnystudio.com/listener for privacy information.
The family of an a man killed by a suspected drunk driver is calling for the community to come together this weekend. The message they hope to send to the suspect who is not in custody. Waves along Oahu have unearthed an ancient find. How you can see this window into Hawaii's history. Looking for a job? The post office is hoping you can deliver the goods and become a new mail carrier. We'll tell you where you can apply.See omnystudio.com/listener for privacy information.
Emotions run high as Maui County begins to clear a large homeless encampment in Kahului. A beloved local business has its food truck ransacked by burglars. A Kahaluu family in mourning is now calling for justice after a deadly hit-and-run crash.See omnystudio.com/listener for privacy information.
The White House says President Trump is dealing with a health issue that doctors say is common in older people. Back at home, a man accused of setting fire to a playground has pleaded not guilty. And on day one, the Honolulu Police Department's new interim police chief brings a plan to station more officers permanently in Leeward Oahu.See omnystudio.com/listener for privacy information.
The man accused of being the mastermind in the brutal killing of a pet pig, known as Eddie, was sentenced. A tsunami warning is cancelled after a massive earthquake hit Alaska.See omnystudio.com/listener for privacy information.
A man accused of setting fire to a playground near Ala Moana last month has been officially charged. What evidence police have connecting him to the crime and when he is due back in court. The Honolulu Police Department is getting creative to try and fill the growing number of vacancies. How they are trying to manage this by taking ideas from mainland departments. A popular Hawaii fruit is helping to pave the way for diversifying Hawai'i's economy. We'll tell you what this is and how it's working. See omnystudio.com/listener for privacy information.
Heute mal ein keines Reisespecial. Janina und Patricia teilen Tipps und Tricks für einen perfekten Urlaub auf Hawaii mit Euch. Lehnt Euch zurück und kommt mit auf eine kleine virtuelle Reise in den Aloha State. Auf Instagram verlosen wir auch noch, passend zur Episode, eine Postkarte aus Honolulu.
Hawaii's Best - Guide to Travel Tips, Vacation, and Local Business in Hawaii
Did you know you can't travel between Hawaii's islands by ferry, even though they're only 100-150 miles apart?For many travelers, island hopping in Hawaii seems like it should be as simple as catching a boat, but the reality involves brutal ocean conditions, environmental concerns, and a fascinating history of failed attempts.
Military leaders overseeing the cleanup of Red Hill brief lawmakers on how federal staffing cuts could impact their timeline. The suspect accused of trying to plow into another man outside a Pearl City nightclub appears in court. More deadly flash flooding this time in the Northeast. Plus, a dramatic video captured by subway riders in New York City. See omnystudio.com/listener for privacy information.
A tsunami advisory is in effect for parts of Alaska following a M7.3 earthquake along the Aleutian Chain. The Pacific Tsunami Warning Center says there is NO threat to Hawaii. And a man accused of being the mastermind in the brutal killing of a pet pig, known as Eddie, has been sentenced.See omnystudio.com/listener for privacy information.
The menstrual cycle is as regular as clockwork, or at least it should be. But for many adolescent patients, what should be a manageable monthly event turns into a full-blown disruptor of school, sports, sleep and sanity. As we explore the world of adolescent gynecology, we take a closer look at the intricate details: how cramps can hide endometriosis and ‘normal' isn't always what it seems. These symptoms are not just part of puberty. These are signals that deserve attention, validation, and thorough evaluation. This episode was recorded live on the exhibit floor at the 2025 Pediatric Academic Societies Conference in Honolulu, Hawaii. Joining us for this episode is Elizabeth Alderman, MD, Chief of the Division of Adolescent Medicine at The Children's Hospital at Montefiore. She is also a professor at the Albert Einstein College of Medicine. Some highlights from this episode include: First-line treatments for painful periods in adolescents Red flags in menstrual history that could lead to further concerns Primary care diagnostic steps before referring to gynecology How to create a comfortable environment for discussing these uncomfortable topics for adolescents Charting Pediatrics is in the running for a People's Choice Podcast Award, and we need your help to get nominated! Starting July 1, you can head to www.podcastawards.com and nominate us for the “science and medicine” category, as well as the “people's choice” category. Listeners like you are the reason we have become one of the top pediatric podcasts for providers around the world. Your nomination could make all the difference in us receiving this recognition! Nominate us by July 31st and help Children's Hospital Colorado lead the way in pediatric podcasting. Thank you for your support! For more information on Children's Colorado, visit: childrenscolorado.org.
It's a 40-year-old murder mystery. Diane Suzuki, 19, disappeared on July 6, 1985, in broad daylight, at a busy place in Central Oahu.Her attacker had less than 15 minutes to commit the crime and hide her body. In this episode of "The Other Side of Paradise," Lynn Kawano revisits the case from the day she went missing to the failed grand jury proceedings eight years later. The HNN investigative reporter talks to the man Suzuki was planning her life with, and explains why law enforcement won't open the files to clarify rumors that have swirled for decades. Listen for exclusive bonus content not available anywhere else.See omnystudio.com/listener for privacy information.
Register here for the live online event to learn about ‘Unlocking BRRRR Deals in Little Rock' on Thursday, 7/17. Keith discusses the rising cost of real estate, predicting that million-dollar homes will become common by 2033 due to: supply scarcity, demographic demand, inflation, and regulatory costs. Over half of U.S. states have cities with starter home prices over $1 million. Hear about the challenges of investing in beach towns, citing rising insurance costs and maintenance expenses GRE Investment Coach, Naresh, joins the conversation to highlight the BRRRR strategy for income property investment. Resources: Register here for the live online event to learn about ‘Unlocking BRRRR Deals in Little Rock' on Thursday, 7/17. Show Notes: GetRichEducation.com/562 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, million dollar homes will be normal by 2033 I'll discuss why and exactly where they'll be arriving. Why are more beach towns going bust? What's in the big, beautiful bill for real estate investors? Then how to own income property with just 10% equity in it today on get rich education. Keith Weinhold 0:28 Mid South home buyers, I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider. Their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows and A plus rating with the Better Business Bureau and now over 5000 houses renovated, there's zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter. Remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis, get to know Mid South. Enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid south homebuyers.com. Speaker 1 1:53 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 2:10 Welcome to GRE from Palm Bay Florida to Palm Springs, California and across 188 nations worldwide, you are inside one of the longest running and most listened to shows on real estate investing. This is Get Rich Education. I'm your host. Keith Weinhold, I think you know that by now, you can also find my written work in both Forbes and the USA. Today, million dollar homes could be coming to right where you live only as the average home, a typical home. Best said is the million dollar median priced home. They're increasingly common across America. We're going to look at the exact areas where this is going to happen next, and why. Though, real estate prices are only up about 2% annually. This time, a plethora of forces are conspiring to push median American home prices ever higher to a million bucks by 2033 the reasons for ever higher future prices on a national basis are supply scarcity. Though, homes aren't as scarce as they were, say three years ago, incessant demographic demand, continued inflation, tariff pressures, heightened regulatory costs, the rate lock in effect remote work and a perpetual construction labor shortage that makes it easier to find a unicorn than, say, a good plumber out there. All these things are conspiring to push long term prices up, up, up, and sadly, this will make first time home buyer dreams, well only dreams, not a reality for so many Americans. CBS News recently called first time homebuyers an endangered species for this reason. Hmm. Then I wonder if the US Fish and Wildlife Service is now protecting these beleaguered, endangered first time homebuyers. Now the typical Canadian single family home costs 779,500 Canadian dollars today. And get this now, of course, some US regions will have rising prices, and others falling prices in the shorter term, although the general direction is up, but more than half of us, states, 28 out of 50, already have at least one city where the median price for a starter home, just a starter home, is a million dollars or more. This is per realtor.com economist. More than half of states have that condition. Now I want a starter home that's defined as 80% or less of the price of an area's median Well, here we go. It is not just trophy cities anymore that are on the precipice of the million dollar club. It's these moderately priced cities that are next in line, and one trend is that they're located near already expensive markets. For example, Stockton, California is two hours inland from San Francisco, and Stockton is best known for well being two hours from San Francisco. That's about it, all right. Well, here is the 2023 median price. And it's 2033 projection, only eight years away, really, just a little over seven years away. This is where we're going. All right, Boise, from 465k up to $1,163,000 million $163,000 Boston, from 623k to 992k and again, these are 2023 median home prices, and then what they're projected to be in 2033 as these million dollar homes become typical, just in these somewhat moderately priced. US areas, let's continue Colorado Springs. 455k up to $1,020,000 I've made two trips to Colorado Springs in the past two years. I really like it. They're really livable with a nice little airport Denver. 548k up to $1,297,000 Honolulu, 638k up to $1,144,000 Portland, 501k to more than doubling to $1,052,000 Sacramento, 558 up to over $1.1 million Salt Lake City, more than doubling from 493k up to $1,064,000 Seattle, 694k up to $1,486,000 and finally, the aforementioned their Stockton, California, 579k up to $1,447,000 million dollar homes are increasingly abundant into places that are surely Not trophy cities anymore. They're projected to come to all these places by 2033 and this is very realistic, because consider this, what will a million dollars even be worth in 2033 just a little more than seven years away, what will a million dollars even be worth then at 3% inflation, just $789,400 All right. Well, what should you do with this information? It gives you perspective, waiting is not helping get comfy with million dollar homes that are like just kind of all right? And here's the thing, a million dollar home that used to be like posh that used to come with a waterfront view or a celebrity neighbor, and today you just get a popcorn ceiling in a mysterious draft in some entire counties, like I've told you before, in San Mateo County, California, the median home price is already over $2 million just an average home county wide. And I also mentioned to you that there's another California County, Santa Clara, California, where the median price is over $2 million but there are more Nantucket, Massachusetts, Pitkin, Colorado and Teton County, Wyoming, all over $2 million county wide. I mean, in places like this, a million dollar home is a gut job. I mean, it needs a renovation. In these places, a million dollar home costs less than half of the county median. So therefore it is so broken down that you might not even be able to get a conventional loan for that property. And notice that the Sun Belt is not on any of these lists for now, despite its growth, there's still vast land and cheaper housing there the southeast and the Midwest, they still feel like America's affordable housing frontier. But you've got to wonder, for how long and what else does this continued low affordability mean? It's the American. Emerging trend that few people see coming, but we've talked about here, it's that common tidal wave, this horde of new renters that are coming, priced out of million dollar homes. Your renters are coming, and what does this mean for you? Well, consider owning low cost rental property in those low cost parts of the nation. We help you do that here, completely free, at GRE investment coach.com a tidal wave of future renter demand means higher rents and higher occupancy rates. Your renters are coming. Keith Weinhold 10:39 now, last week, on the show, I discussed the Airbnb arms race, how short term rentals really need a serious glow up and some major investment to compete in a lot of markets anymore. This week, let's discuss the trends in another real estate niche that's largely fallen on some harder times, and that is investing in beach town, something that might be more top of mind for us, as we are here in mid summer. The very best beach town for a bikini slim budget is Pascagoula, Mississippi, a gulf shore escape, where the typical listing will run you a mere 166k can you believe that now this gulf coast town of 22,000 people, it is somewhat of an aberration, though, be careful, Pascagoula is affected by a FEMA rule that really limits the amount of renovation that you can do there? Atlantic City, New Jersey, it's another beach town with a jaw droppingly Low typical list price of 242k yeah. Atlantic City, AC is the name long synonymous with gambling and Trump property port. Ritchie, Florida is another notably cheap beach town with just a 255k typical list price. And it's notable because back in 2019 GRE did a real estate field trip there where I and the property provider and a few speakers, we hosted you, and then we toured properties together in a coach, a tour bus, but those neighborhoods were actually about two miles inland, Myrtle Beach, South Carolina, still just 299k. Corpus Christi, Texas and Ocean City, Maryland, are two more notably cheap beach towns now, especially after talking about the million dollar homes and then you hearing about these cheap beach towns. You might be wondering, gosh, should I buy property for cheap in these beach towns? But, you know, buying the beach house is just the start. Rising. Insurance costs and maintenance costs have forced a lot of investors to question whether beach homes are too big of a gamble now with a few investor profiles here were interviewed first Levi Rogers, a retired Green Beret and a real estate broker in San Antonio, he recently shared how his property on the Gulf Coast went from $3,200 a year for insurance to over $11,000 and that's if you can even get coverage without bizarre exclusions, throw in new flood zone Redeterminations and wild HOA fee hikes due to inflation, and your profits are wiped out in an instant. That's what Levi Rogers says about his particular situation. Honestly, coastal property makes me more nervous than my first Million Dollar Listing. Despite loving beachfront real estate, that's what Los Angeles real estate agent Wesley Kang says he's seen changes that would shock most investors. Insurance costs broke another record at his Marina del Rey listing the owner just got hit with a $68,000 annual premium up from 15k last year, while his neighbor, two blocks inland, pays just 7k so in addition to hurricanes and slow and steady beach erosion, that has caused some homes to simply collapse and fall into the sea. Kang, the Los Angeles real estate agent, said his Malibu client just spent his entire summer rental income on mandatory seawall repairs. Another had to install $100,000 worth of water barriers just to keep his insurance. So is a beach home a good investment? Well, owning it really is not the easy, dreamy investment that it used to be. There are some investors that still think it's worth it, but they need to change their strategy. Roger said that he hasn't sold yet. He just. Had to adapt. That's the San Antonio real estate broker. He cut his rental period down to only the high season months. Raised his rates by 22% just totally ended low season bookings, and he promoted high end upgrades to make the numbers work. He says you have to run it like a hospitality business now, not a passive rental, so the ROI can still be there, but only if you're really on top of it, actively managing risk and costs and the guest experience. Otherwise, what you're doing is that you are just financing someone else's vacation. And this is along the lines of what I was discussing last week with short term rentals in general. Real Estate Investor Daniel Roberts, based in Idaho, he says beach properties are now riskier. He has reinvented his approach to stay solvent. He says we improved our rental by presenting the property as a luxury destination, adding concierge services with dining and boat tours and even fitness sessions. With this rental arrangement, we earned 18% more on rental income last year compared to the previous year, is what he says. However, still, our profits have decreased a little since we now pay so much more each month for insurance and for maintenance, if you're shopping for a beach house and hoping for a deal, it might pay to search a bit inland for cheaper properties and insurance rates, and then it's not really a beach house anymore. Elevation is your friend. Certain oceanfront areas are experiencing a steep drop in some places like Florida. I mean, can you buy the dip if you're looking for opportunities in investor areas like Florida, which saw a huge run up of people heading there during the pandemic, but their jobs require them to return to the office. If you're in the market for a vacation property that you can rent out and possibly use as a second home. There are beginning to be more and more choices. So the bottom line here is that many beach towns are in a bust. Their profitability is under attack, chiefly from these insurance premiums that have as much as 3x or more for many in the past three or four years, Hoa costs are up due to inflation, and then there's just simply the threat of more storms and more beach erosion, and just the stress and concern that causes even outside of the insurance cost, short term rentals tend to be right on the coast or A short walk from the beach. The best long term rentals tend to be inland, inland. Long term rentals are long where we have focused here on this show, and they tend to be stable and steady and frankly, kind of boring, but somehow boring in an interesting way, if that's possible, they plod along paying you five ways. Keith Weinhold 18:05 Hey, is get rich education the number one real estate investing podcast in America. Are we number one? I've got an answer for you on an upcoming episode. It looks like the big, beautiful bill that was signed into law on the Fourth of July will be advantageous for real estate investors. It extends a lot of Trump's 2017, tax cuts and Jobs Act. There are modifications to opportunity zones in the big, beautiful bill. But the big story is that 100% bonus depreciation has been restored, reset, huge that applies to qualified property placed in service from January 20, 2025 through the end of 2029 now is the Time to accelerate acquisitions and renovations to leverage 100% bonus depreciation. I mean, this is great for investors. And what this does is it allows you to fully deduct the cost of qualifying renovations, property improvements and certain building components immediately, instead of you, having to spread the deductions out over several years. Major however, the big, beautiful bill does not do much of anything to help those beleaguered first time homebuyers that endangered species. In fact, in a previous version of the bill, it was going to open up millions of acres of public lands for new development. Now, if that happened, that could have added more housing supply and therefore kept home prices from perpetually rising, and therefore maybe helped first time home buyers. But that provision was removed from the bill before it got passed. All right, so those public. Lands will not be developed. That was not part of this bill, and that's a quick overview of what Trump's big, beautiful Bill means to real estate investors. To review what you've learned so far. Today, million dollar homes are coming to more places, and that's due to supply scarcity, demographic demand, incessant inflation, tariff pressures, heightened regulatory costs, the rate lock in effect, remote work and a perpetual construction labor shortage. More beach town properties are going bust due to surging property insurance costs and the big beautiful Bill has some serious positives for real estate investors, but not for first time home buyers. Keith Weinhold 20:45 There is a lot happening here at GRE we, including me and our investment coaches here, are talking with you, our investors. We're talking with the nation's top property providers, as we always do, and there's just a lot of real estate news. How can you follow us to keep up on all this? Well, there are three main ways, and they're all free. There's no subscription cost. That is, firstly, through this show, the get rich education podcast. Secondly, our YouTube channel called get rich education. Yes, we are consistently branded. And the third main way to follow us is with our Don't quit your Daydream newsletter. Sign Up Free by texting GRE to 66 866, that's text GRE to 6668 66 and there you go. They're in they are the three main ways to follow us, podcast, YouTube channel and newsletter, and then also our social media channels, get rich education can be found at all the usual places, Facebook, Instagram, Tiktok and x, but our handle is Get Rich ed on x because there is a character count limit there. That's how to follow us. You can find our recommended property providers at GRE marketplace when you're getting actionable, and then to engage with us for a free strategy session to learn your goals and really put you on a financially free trajectory. You can do that with our investment coaches directly book time on their calendar at GRE investment coach.com Keith Weinhold 22:25 what is happening with the future of the Fed and interest rates, and how can you put as little as 15% even 10% down on an income property? That's next. I'm Keith Weinhold. You're listening to get rich education Keith Weinhold 22:39 the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Caeli Ridge personally, while it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com. Keith Weinhold 23:11 You know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk, because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family 266, 866, to learn about freedom. Family investments, liquidity fund again. Text family to 66 866 Naresh Vissa 24:21 you this is peak prosperity. Chris Martenson, listen to get rich education with Keith Weinhold, and don't quit your Daydream. Keith Weinhold 24:42 It's terrific to have a familiar voice back on the show. It's an in house discussion with our own GRE investment coach since 2021 he's met with you, usually over zoom or the phone completely free to learn your own personal goals. Find the market that's right for you. Two. And he even goes as far as helping connect you with the exact property address that would make your next real estate pays five ways property, like say, you find 654, Maple Street in Little Rock, Arkansas or Indianapolis, Indiana. For you, he helps you through it all. And then he even helps you if you have any trouble after owning the income property. He's got the formal education with his MBA, and he walks the talk because he's a direct real estate investor, just like I am. Hey, welcome back to the show investment coach Naresh Vissa. Naresh Vissa 25:32 thanks for having me back on. It's always a pleasure to talk to you and the loyal GRE listenership that we have. I think Keith Weinhold 25:40 we enjoy talking to each other more than President Donald Trump and Fed Chair Jerome Powell do for sure. And I think if anyone's been paying any attention, there's been quite a feud between Trump and Powell, and it's been pretty entertaining. Trump has referred to Powell as Mr. Too late, like too late to make a decision. He has called Powell a numbskull. He has said Powell has a low IQ for what he does. That drama has been really interesting now. Powell's term ends in May of next year, so about 10 months from now. And I think most anyone knows that Trump wants an interest rate cut badly, but Powell keeps holding tight, and what Trump says is that he wants to lower the interest costs on our national debt. That's the reason that Trump gives for lowering the rates. But Powell's been reluctant to lower rates because it might stoke inflation. In reality, I suspect that Trump wants lower rates just to juice economic growth, like that's the real reason, and then Trump sort of hopes that inflation only catches up with the next president who comes in in 2029 and interestingly, back on July 1, Jerome Powell said, if it weren't for tariffs, he would have already lowered rates. What are your thoughts? Naresh Vissa 26:55 Well this is a lot more complicated than it seems, and here's why Trump called Powell a lot of names, and I think some of those names hold true if we go back to when Biden was president, because it was in April, May 2021, that I was saying, hey, it's time to start increasing the interest rates, because inflation was going up significantly, very quickly, it was going up. And if you recall, Keith, I know you did many episodes on this, Powell kept saying, Oh, this is transitory. It's just transitory. And my whole justification was, well, look, a 25 basis point hike ain't gonna kill anybody. And they refused to do it for an entire year. Once we started seeing inflation going up. And by that point, inflation went up close to 10% that's how bad it got. That's it didn't hit the double digits, but it was very close to hitting the double digits. So yes, I do think Powell was a numbskull for not raising the rates back in 2021 but today I'm actually on Powell's side, because there are still inflationary pressures. And remember, Keith, the inflation target is 2% it's not two and a half percent. They haven't moved the goalposts. It's still 2% and last month, this is the media is not talking about this, except for get rich education today, inflation went up last month. So yes, it beat expectations, but it still went up. The expectations were that the terrorists were going to create this massive inflation and we would be back up at the three handle. And it didn't do that. But regardless, inflation still went up. So let's wait. Let's see what the CPI numbers show. I don't think we're going to be close. I don't think we're going to be under that 2% figure within the next two months, and that's why I think Powell is justified in holding to rate study. Now, with that being said, I do think because of Doge, we did an episode earlier this year on Doge, because of Doge, because of the latest ADP job numbers, the latest unemployment numbers, the private sector cuts that are happening at Microsoft and Google and a lot of other big name companies. I do think that inflation will eventually dip below 2% you look at the gas prices have hit four year lows. Look at egg prices have hit, I think four year lows or three year lows. I do think we'll dip below the 2% at some point. The question is, is, when is it going to be? You know, three months from now? Is it going to be a year from now? It all depends. So what does that mean for your question of, is Powell right? Is he wrong? Is he a numbskull? Who's right? I completely understand what you said is why Trump wants the rates cut, and that is, he wants to juice everything because he looks great, and it's a midterm election year, next year, and he doesn't want to lose his Congress. And I understand the political side of it, but the number one issue, the number one issue, according to almost every poll out there before. Election, the number one issue on voters minds was inflation. It's had things. The bleeding has not stopped, and the inflation is out of control. The groceries are too expensive. That's what's important. And I'm on Powell's side here. I think you have to be patient. On the other hand, Trump is being very aggressive, and he's looking to replace Powell, and he's going to put in his guy in there. I mean, the basic requirement for the job is you're going to get in there and slash entry. You're not even going to do a 25 basis point cut. You're going to go down to 1% fed upon rates overnight. That's what Trump wants. I don't know if you saw that, but Trump wants a 1% Fed funds rate pretty much overnight, because he's saying, oh, is going to save us all this money on the debt that we're paying, interest payments and data I get where both of these guys are coming from. I think the ideal scenario, because Powell, it looks like he's safe until maybe the end of the year. I think we hit that 2% point, definitely by the end of the year, and Powell will start cutting in September, we'll see a 25 that's what I think. I think we'll see a 25 basis point cut in September, maybe a 50 basis point cut in the next meeting after that, and and maybe even a 75 basis point cut in December. And that way, when the new guy comes in, he doesn't have to do this drastic COVID March, 2020, type of cut, of slashing rates close to zero overnight. We do it in a gradual I think that would be better for the country and for the economy and for the global economy. So that's where I see things. But regardless, regardless, we know for a fact that the interest rates, the cutting is beginning soon, and the rates are going to be very low sometime next year, if not by the end of next year, we know for a fact that the rates are going to be very, very low. And what that means for the housing market is that, and let's talk about the housing market really quickly, the inventory in the housing market is the supply side is very high. This is not 2021 2022 when homes are flying off the shelves and people were paying above asking price for homes. We're in a situation where the inventory has piled up. Home values have somewhat stagnated. If rates are going to bottom next year, then buying real estate. I don't want to say I'm not calling a bottom, but I'm saying that you can expect real estate home values to skyrocket once rates hit that 1% because of the Fed funds rate. So right now, we're seeing demand from investors because they're thinking what I'm saying, hey, the Fed is going to slash. We know that for sure because of Trump. And when that happens, institutions, individuals, they're going to start taking out debt, and the housing market's going to skyrocket just like stocks. I mean, really, most assets are going to skyrocket. So right now, I think, is an excellent, excellent time to be looking at buying real estate, and then you can just refinance later, when the rates bottom in a year or two, Keith Weinhold 32:50 when you talk about high housing supply, I think what you mean is higher housing supply. Nationally, we're still 12% under supplied. It's just the fact that we have 30% more available housing supply in the one to four unit space than we did a year ago. At this time when we're talking about interest rates and things that have to do with the larger economy, here, you the listener should be aware that Naresh has often been tapped and interviewed by major network television on his opinions on these sort of broader economic issues, so he is qualified that way. And to give you an idea with what we're talking about with this desire to get the Fed funds rate down to 1% whether that happens or not, today's Fed funds rate is around 4.3% just to give you an idea of the magnitude of the potential cut, I don't forecast interest rates because it's very difficult to do, but it's interesting that Naresh has done some of that, and let's remember that Trump is actually the one that appointed Jerome Powell back in Trump's first term, and there's been a good bit of speculation around who the next appointee might be. In fact, if that appointee is named several months before Powell's termination of his term in May. Some people think that could be Treasury Secretary Scott Besant, that that alone could change the dynamic, that you would get someone more likely on board to make rate cuts and name them before they actually come into office. Naresh Vissa 34:14 Well, the President decides he appoints that position, and we know for a fact 100% Trump is only going to put his person in there, man or woman, we don't know, but he's going to put his person. And the basic requirement for the job, it's not a PhD from Harvard or being a multi billionaire like Scott Besant. The basic requirement for the job is cutting the rates to 1% the Fed funds rate to 1% that's the bare minimum basic requirement for the job, and there are apparently lines of people who are lining up because they think they fit that requirement. So we know that's coming. We know it's coming at the latest, next year, like I said, Because Trump said it himself, and to be calling somebody a numbskull and all these names, he's very serious about this. It's an issue that means a lot to him. And again, I get where Trump's coming from. The government would save a lot of money on interest payments. And Trump's justification is, inflation is low, let's just try it, which I somewhat agree with. He says, Let's just try it, and if the inflation goes back up, then you just raise the rates. Don't you know, Powell was too late in 2021 the next guy won't be too late in raising rates this time around if the inflation does go back up. So it's a different strategy that would definitely juice the economy overnight. Of course, he wants that. Everyone's got their own opinions. I'm of the opinion. I think the Fed actually is for the most part. Post 2022 has done a good job. In fact, I did an episode with you, I think, a year and a half ago, saying that the Fed should have done more rate hikes, because we would have been at 2% inflation a year ago had the Fed done one or two more rate hikes, in my opinion. And we saw at the end of Biden's presidency, inflation started going back up when the Fed actually cut rates, when they should have been raising rates previously. So with that being said, this is a good opportunity for investors, because we are in that doldrum right now where we know the rate cuts are coming, at least we, you and I and GRE listeners know that the rate cuts are coming. Not everybody knows that they're coming, because they may not pay attention or follow this stuff as closely as we do. We know that they're coming, and what that means for the housing market is, like I said, juice. We can see juice in stocks. We can see juice and housing. We can see juice and Bitcoin and other commodities. Keith Weinhold 36:35 Well, you use the word doldrum. Yes, the housing market is in somewhat of a doldrum. We have lower transaction volume than we have historically, for sure, and really that's led by we need to keep in mind as investors, that that's lower owner, occupant purchase volume, because investor purchases have stayed pretty steady. Naresh Vissa 36:56 Yes, I'll say this, Keith, we work with a lot of different providers all around the country. I want to say we're up to something like 30 different providers in 20 different markets or so. When these partners are calling me saying, Hey, we got all these properties and send me your people and you know, let's do business together and help us find more investors, then I know that the housing market has somewhat stalled. It's not doing terrible, but I know that it's when those providers aren't calling me, or when they even cut off the relationship and say, Hey, I don't want to talk to you anymore. I don't want to work with you anymore. Then I know, hey, it's a really hot housing market. They don't really need me. And I'll tell you right now, every other day I have a partner of ours, I had to tell them to stop call. I said An email will do, or a text message will do. You don't need to call and leave me a bunch of voicemails. I have people calling me every day saying, Hey, we got all these properties, and they're amazing and they're beautiful, and send your people to us, which tells me that it could be actually a good time to start buying. Because it's not like I said, 2021 it's not 2022 it could be a good time right now, because the investor will hold more leverage, and the incentives that these partners are offering are second to none. I've never seen incentives this good. I mean, it's not just the free property management, it's not just the closing cost credit. It's negotiating prices of homes. It's getting cash back at closing, so just literally having a check overnighted to you that's in the five figures, cash back for buying property. So overall, I think it's a really, really good time right now to get into real estate, probably one of the best times, if not the best time since I joined GRE at the end of 2021 Keith Weinhold 38:40 of course, Ken McElroy was just here on the show with us a couple weeks ago, talking about what a good time it is to buy from his perspective as well. But yeah, Naresh, I appreciate that you're kind of letting the listener peek behind the curtain a little bit. We really get a good read on the pulse of the market here, and part of our job is to vet those providers that we work with, yeah, the race. Well, one property strategy that almost transcends eras is the BRRRR strategy. It's such a popular strategy with investors, because you can get in to a deal and have so little of your money left in the deal that you could end up with 10 to one levered. So the burr strategy, that's probably the most popular strategy with our investors. So tell us more about that. Naresh Vissa 39:27 We've done several webinars already about Bert, and this has become the most popular strategy with our investors, hands down the amount of volume that we're seeing with our investors, people who keep buying more and more because the first one worked out. Now there are some that didn't work out, and that has more to do with the provider than it has to do with the strategy. The strategy is simply buy a property that needs to be completely rehabbed, refurbished. It's you buy a property, as is, you take out a hard money loan to renovate the property, to gut it, to update. It, bring it up to speed. Or you can pay cash. So a lot of people say, Oh, I don't have the cash to pay for such a property. So they're the hard money loan is there. Or you could pay cash. Our recommendation, my recommendation, personally, is take out the hard money loan, because you have that extra layer of protection, that extra body who will make sure that you're not getting taken advantage of, because that's a problem that we've seen with BRRRR, where some of the providers, some of the sellers, they'll sell the property, and then they just disappear after that. And we don't want that to happen. We want the rehab to actually get done, because the real value is by doing the rehab, making the house nice, renting it out to a tenant, and then refinancing the property, because the home value is going to appreciate so much. In some cases, some of our investors got 100% appreciation from what they bought the property at, and they were able to use that equity, 100% of that equity into the down payment, into other fees, so they didn't have to pay anything out of pocket for the property. So that's the beauty of the BRRRR strategy. And like I said, what's most important? Because we've already done two web it. We've done a Memphis burr webinar, we've done a Cleveland burr webinar. Now we're doing a little rock BRRRR webinar, and I think this is the best burr out of all the burs that we've done. And the reason is because the team we're working with, they have a legitimate company operation. They have a property management division, they have a rehab division, they have a sales division, they have a management division. This is not like a one man show or a two person company trying to do all these rehabs all at once. So they're very here's the schedule. This is what we have to do, very accurate and so yes, their pro forma numbers aren't going to be as aggressive as what our investors have seen with previous BRRRR providers. But the problem with those aggressive numbers is that a lot of the providers, they overinflate those numbers, and they don't follow through, let's say, on the rehab, or they do the rehab, and the appraisal does not come back at an amount that met the proforma. So I'm just really excited about this, because Little Rock is a new market that we've entered into. We have not done a lot of Little Rock promotion, a lot of Little Rock property. So it's a new market, number one and number two, it's the team that's there. This is the best of the best team. And if somebody came to me and said, Hey, I want to do a bur. Where should I do it? You've got all these different webinars and podcasts on burrs. Where should I do it? I would say bur Little Rock is where you want to do it, because you're going to sleep way better at night, and the process is going to be way smoother than the others. Yes, the pro forma numbers, they're not going to be as appealing, or they're not going to be as outlandishly high as those other markets, but those other markets, Memphis, Cleveland, there's a reason why those numbers are so high. And like I said, it's this team in Little Rock, amazing team, Keith, I know you've had some calls with them. We interviewed the their head Alex on last week's podcast episode. He and I are going to be doing this upcoming webinar on BRRRR little rock this Thursday, and we hope to see everybody there go to gre webinars.com, gre webinars.com, right now to register for that webinar. Keith Weinhold 43:14 It's this Thursday, a live event that you can attend from your own home. And the benefit of you attending live is you can have your questions answered in real time. You can hear other attendees questions, which will help educate you on this process. And yes, I don't know if this will ever happen again. We do have Alex leading the bur strategy in Little Rock. He's been doing this for 15 years. He's got his vetted, proven team and a great system for doing this, so that so much of it is all done for you. And Naresh Vissa 43:47 one more thing that I'll say, because this has become very popular with our online special event attendees, they hear podcast episodes like this, and they say, Hey, I want to jump on this before the live event, because all those other people are going to be on, and I want to jump. So I want to share, or Keith, I'll let you share our link for people to just reach out to me if you want to schedule a meeting or just email me. Just reach out to me if you don't want to wait until the webinar, the online special event this Thursday, if you want to get a head start, please absolutely reach out to me. Keith Weinhold 44:20 That's a great thought. You can go to GRE investment coach.com right now and get on the race's calendar so that you can have a free meeting. Any last thoughts about Thursday's big event? Naresh Vissa 44:32 like I said, it's going to be Thursday evening. The time is going to be at 8pm Eastern Time. Thursday, 8pm eastern the webinar, online special event will last about two hours. Our listeners, our followers, love these online events because they're highly interactive. We get everybody involved. They're fun, and the reason why they last two hours is because the people who attend are having such a good time. Them that they want it to last that long. I remember a long time ago when we used to do these online events, and they'd only last 30 or 40 minutes, and then that was the end. But now our file loves them so much. I think if you've never attended one of our online special events, you'll definitely want to attend this, because it is the timing is perfect before all these rate cuts, as the housing supply inventory is at a 12 month high. So the timing is is really good. The incentives are excellent. And like I said, we know interest rates are going to be slashed sometime next year, so you can always refinance later, but but getting in at these prices is going to be a true gift. So gre webinars.com, to register for this online special event. Keith Weinhold 45:52 We are all looking forward to it this coming Thursday. Narration, it's been great having you back on the show. Naresh Vissa 45:57 Thanks, Keith. Keith Weinhold 45:58 Yeah. Fruitful in house chat, as always, with one of our investment coaches, Naresh, that's how you can leave as little as 10% down on an income property. When you do that, cash out refi with the burr strategy, you'll get in at today's lower prices, they tend to be 140 to 160k in Little Rock, Arkansas. You'll lock in this year's rates with that low price, with the BRRRR acronym, meaning buy, renovate, rent, refinance, repeat. Well, that refi is a little ways down the road after your initial purchase. Longer term, if interest rates go up, you'll be glad that you got today's rates. And if interest rates go down, which many expect, then you'll refi. The only thing bigger than the next Fed interest rate decision or the naming of a new Fed chair is Thursday's GRE live event itself, get ready. Really, the event presentation typically takes an hour or less. The rest of the time is your questions and conversations, so show up from the comfort of your own home, maybe with a beverage this Thursday, and since it's in the evening, probably not a stimulant, maybe a yerba mate, besides seeing real life case studies and understanding how the burst strategy works, how to optimize it and the mistakes to avoid, expect access to available Little Rock burr properties, actionable opportunities. Should you so choose? Sign Up Free at gre webinars.com Until next week, I'm your host. Keith Weinhold, don't quit your Daydream. Unknown Speaker 47:50 Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively. Keith Weinhold 48:14 You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you'll also get my one hour fast real estate video course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre 266, 866. While it's on your mind, take a moment to do it right now. Text, gre 266, 866, Keith Weinhold 49:30 The preceding program was brought to you by your home for wealth, building, getricheducation.com