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Keith welcomes back Todd Drowlette, star of A&E's The Real Estate Commission, to help demystify commercial real estate for residential investors.  They explore which sectors are most resilient to disruption from AI, automation, and Amazon, why certain office and warehouse assets still work, and how service-based retail like nail salons and quick-service restaurants can offer durable returns.  Todd breaks down the basics and advantages of triple net (NNN) leases, key considerations in office-to-residential conversions, and how rising interest rates are reshaping commercial deals.  He also shares negotiation tactics from large commercial transactions that investors can immediately apply to their next rental property purchase. Episode Page: GetRichEducation.com/616 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.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Unlock truly passive real estate income—visit flockhomes.com/GRE today to see if your properties qualify for a 721 exchange with Flock Homes. To get in the best physical, mental, and professional shape of your life, go to DanielThomasHind.com and apply for Daniel's intensive 1-on-1 coaching for burnt-out entrepreneurs and executives. 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— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host Keith Weinhold. We're talking with the star of the A&E show, the Real Estate Commission today. What real estate sectors are safe from AI, robots, and Amazon disruption? How many deals on the commercial side are still going to implode due to mortgage rates resetting higher? And some of the best negotiation techniques from $100 million deals that you can use in your own deals, and more today on Get Rich Education. You know, Mid South Homebuyers, that top Memphis turnkey provider. I learned that a secret weapon behind their explosive growth is more than just you buying their properties. It's an executive coach. For nine years now, their CEO Terry Kerr and his COO Pat Nix have worked privately with a coach who I've now learned from too, and he doesn't market himself online anywhere. After 12 years behind the scenes, that coach is now making himself available exclusively for GRE listeners, his name is Daniel Thomas Hind. If you're a hard-charging business owner or investor who wants to get in the best shape of your life, physically, mentally, and professionally, you can fill out an application for a free consult. This is private one-on-one coaching for those willing to go to uncommon lengths to achieve uncommon results. Thanks to Daniel, we've all become better leaders, better operators, and better men. It started by showing up for ourselves. Now it's your turn. Go to DanielThomashHind.com. H-I-N-D. That's DanielThomashHind.com and sign up before spots fill. What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group NMLS 42056 They provided GRE listeners with more loans than anyone because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal and even chat directly with President Caeli Ridge. While it's on your mind, start at ridgelendinggroup.com. That's ridgelendinggroup.com.   Speaker 1  2:19   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  2:35   Welcome to GRE from Peoria, Illinois to Peoria, Arizona, and across 188 world nations. I'm Keith Weinhold, and you're listening to Get Rich Education. Though we're a show centered on how to build wealth through residential real estate investing, today we're talking mostly about the commercial side with a guest that's more comfortable investing in commercial real estate than he is residential. We'll learn why. He is the star of the new real estate show called the Real Estate Commission that airs on A&E Network. Todd Drowlette, because he was here with us last year shortly before the show debuted, and he had so many interesting things to tell us then. That's why he's back. Now we know that residential real estate is positioned well at surviving the boom in artificial intelligence's influence because everybody still needs a place to live. You can't download a kitchen or living room, and a chatbot can't replace a roof. But some types of commercial real estate are vulnerable to AI. I'm going to ask Todd which types and businesses are the most resilient to survive AI, robots, and Amazon, because there surely are some. He does a good job of making commercial real estate approachable to those that have never invested in it before.   Keith Weinhold  3:59   Contrary to the narrative, he also likes to talk about why office real estate is not dead. Occupying both worlds, I will ask him about office to residential conversions and also get his take on what is happening with commercial loans because apartment investors have been feeling the pain ever since mortgage rates doubled and nearly tripled in 2022. I'll ask about commercial loans blowing up and just how much more of that is expected to happen because the pain is certainly not over there. Let's meet this week's guest. A series on A and E Television and streaming launched last year called The Real Estate Commission, and it's going well enough that it's gearing up for season two. The star of that show is with us today. He was with us last year just before the show debuted, and that's when he shared all kinds of interesting insights with us, like why. A gas station is on a certain side of the road. He's perhaps the most prolific commercial real estate broker in the nation. He's managing director at Titan Commercial Realty Group in New York, closing deals totaling over $2 billion all across commercial real estate sectors. He's represented everyone from local startups to national reits. Hey, welcome back to Get Rich Education, Todd Drowlette.   Todd Drowlette  5:26   Thank you so much for having me back. I appreciate it. It's always great to talk to you.   Keith Weinhold  5:30   Yeah, same. It was so interesting when you were here last year, and I do want to ask you about how it's going with the A and E show later. Most of our listeners own single family rentals or small multifamily, and I think the commercial side, Todd. Frankly, it it intimidates some people. I know I've thought of it that way before. What are some of the misconceptions that the residential side seems to have about the commercial side?   Todd Drowlette  5:56   So a big misconception is that you have to be smart to do it. You certainly do not. A lot of people also think you have to already be a multimillionaire to do it, right? So the same way with residential, there's levels to it. There's levels to commercial real estate. So I say there's pros and cons, right? So in commercial real estate, if you have an office building or a shopping center or a ground lease, you rent to a McDonald's, whatever. You don't get phone calls at two in the morning saying my hot water tank just exploded, my furnace isn't working. So you still get property management calls, but they're typically from you know Monday through Friday, nine to five type of thing, and you don't need millions of dollars. People think you do. It's like you can buy a small two or three tenant office building or a two or three tenant retail shopping center, maybe something has a nail salon, hair salon in it. Depending on the market you're in, that could be a couple $100,000 to buy. If you're in a tertiary town in the United States, if you're in a major metro, it could be a million, 2  million bucks. But the rent is commiserate with what you're paying. So if you can make an 8 or 10% return, a lot of banks will finance startup people as long they're looking in commercial at the quality of the tenant and what the lease is. So you could have no experience, but if you're going to rent to a Hertz rental car, a Starbucks, a McDonald's, even if you personally have like say a 750 credit score, it's decent. It's not a perfect credit score, but you're financeable. They're lending in commercial real estate based on the credit and the length of the leases, not necessarily on your own financials. And a lot of people don't realize that, and they think, "Oh, bank's never going to approve me because I've never done commercial real estate before. Well, nobody's ever done anything until they do it, right? So as long as you start small, banks will lend to people, you know, on smaller things, there's a ton of pros to being in commercial real estate compared to residential. There's less competition. It's easier to repeat deals because once you know one tenant's looking for something, then you can find the next thing they're looking for, and it's a small knit group. You know, if there's 3 million real estate agents in the United States, I would say across the entire country, maybe 10,000 of us are commercial real estate agents.   Keith Weinhold  8:05   Yeah.   Todd Drowlette  8:06   So if you get into commercial, once you get into that network of people with a deal with the tenants and the whatever, you know, if you're in, you're in. If you're out, you're out. That was a very long answer to a very short question.   Keith Weinhold  8:16   Well, some people even have one of the same hangups about residential real estate investing-they think just to buy income property takes an awful lot of money, not realizing you can start with a single-family home of less than 300k or even less than 200k still today and make a small down payment on it. And you know, Todd, I think one thing that refines commercial real estate for some people and piques interest among residential investors is one of the first things that they learn when they're finding out about commercial real estate investing is the triple net lease. Oftentimes, you see that abbreviated NNN out there, and how that can make things somewhat more hands off for that commercial real estate investor. So, can you tell us about triple net leases?   Todd Drowlette  9:00   I sure can. Number one, the funny thing about triple net leases: none of the three things the N's represent start with an N. So your triple nets are literally your real estate taxes, your insurance, and your commonary maintenance. None of which start with an N. Yet it's called N N N.   Keith Weinhold  9:14   It's kind of like reading, writing, and arithmetic. The 3r is what only one of them starts with an R. It's a terrible acronym, but yes.   Todd Drowlette  9:22   Exactly. So there's different types of triple net properties. So essentially, a triple net property, unlike most residential, where you're responsible, you get X amount of rent, and then out of that rent for your income, you're going to subtract out your school tax, your property tax, your property insurance, liability insurance, you know, snow plowing, lawn mowing, all that type of stuff, right? So triple net properties, you have absolute net properties, which is the best thing you can own from a landlord's perspective. Those are things that are called absolute ground leases or an absolute net lease. Typically, you'll see those in like many gas stations. Will be that a lot of McDonald's. Deals are that where essentially you own a piece of property, you buy a piece of property, and you go here. You have X amount of time to put your building up, do construction, get your approvals. You're going to pay me X per month in a ground rent. You build your own building, you own your own building, you're responsible for it, and I just own the dirt. And those are typically 10 to 20 year leases with options. The downside of a triple net ground lease is you can't depreciate anything because it's just ground, right? So you don't get the depreciation you get with other properties, but you have no risk other than the credit of the tenant. So if you're signing a lease with the United States Postal Service and it's the federal government, you know you're getting that. Those will trade typically about one percentage point higher than U.S. Treasuries because there's very, very little risk in it. But there is some risk, so as an investor, you need a little bit better return than the guarantee of a U.S. Treasury.   Todd Drowlette  10:54   Then you have roof and structure triple net properties, where basically, okay, the roof and the structure I'm responsible for as the landlord. Anything inside of that, or you're responsible for, and then the tenants pay the proportionate share of, like I said, the taxes, the snow plowing, whatever. If that's a multi-tenant building, then you run the risk. Oh, tenant moves out as the landlord, you got to pick up that percentage. If if you have a 10,000 foot building and someone's in 2000 feet and they move out, well, now you're responsible for 20% of that tax and CAM and insurance bill until you replace it with a new tenant. But typically, if you're investing in small strip centers, smaller office buildings, which people say office is dead, I've made a fortune in office. Office is not dead. You just have to own the right office in the right place. A lot of downtown offices are dead, where they're moving to the suburbs for drugs and a lot of other issues. But typically, you know, strip centers today, people are buying those for 8% returns to as much as 10, 12% and a lot of times they're vacancy. That's upside you can add into it as well. But again, these are all things that you can get into for a couple $100,000 down, and there's way more room for error than people think there is. As long as you have a professional that's looking at the lease for you before you buy it, you know you just want to make sure the guarantee is on the lease that you have corporate guarantees. But typically, if a bank will finance it, they're also looking at that. But it's not as scary as people think it is, and it's really a strong alternative to investing in single-family homes. Not that I'm knocking single-family homes. There's pros and cons to literally everything you do in life, as you know. 100.   Keith Weinhold  12:28   A triple net lease, where in commercial property the tenant covers three main expenses or nets: property taxes, insurance, and the maintenance and repairs. And in a lot of the situations, like Todd is describing, that really leaves landlords responsible for little more than the mortgage, really increasing the passivity here. And you know, tenants that are willing to shoulder a triple net lease, I don't think of them as taking on those extra costs for nothing. I think about it is in exchange, tenants typically pay lower rent then, and the tenant also gets more control over the property in a triple net arrangement.   Todd Drowlette  13:08   That's a generally safe thing to say, but I hate saying this. I can't believe I'm even saying this, but you know they say location, location, location. So it really depends on the market. The biggest mistake people make to go, oh, I get asked all the time, should I invest in land? I'm like, hell no, raw land. I go when I develop stuff, I have a use for it. Once I get the approvals, then I'll close and buy the land. Land banking stuff and just going and buying land and hoping it goes up in value. I have a number one rule that I always say to people, and it's anytime you can buy $1 for 50 cents, you buy it, but you don't buy property for $1 hoping it goes to $2 because there's no guarantee that that'll happen. In raw land, you know you have a guaranteed. You're paying taxes every year, so just paying taxes on something that's also not returning you anything is a terrible investment, in my opinion. You're speculating. If you want to speculate, just go to the casino, play roulette, pick black or red, and you have roughly a 50-50 shop minus the three greens, but there's a lot easier ways to make money than buying raw land. But shopping centers, triple net properties, there's definitely ways for people to get into that that are much lower risk, and they're not as scary as you'd think. And many banks will finance them.   Keith Weinhold  14:18   Now, if you had to buy one commercial asset today, what would that be? I know that might depend on some factors, but generally, I've got to say, industrial comes to mind for me as one of the hottest commercial real estate asset classes in quite a while.   Todd Drowlette  14:32   So I would pick two strategies. One would be high bay warehouse, whether it's specifically industrial or just warehouse, but things with high ceilings, open floor plans, like you know, a 20,000 foot warehouse, 30,000 feet, something in that range, that a lot of people want that type of use. Warehouse rents have been increasing way faster than office or retail rents have been in the same markets. And as things get more and more automated, you still need to ship stuff. You still need to. Stuff you still need to get things to people's houses, so with the whole AI boom and the crazy things that are happening, I think there's going to be a lot fewer people with jobs sooner than people realize. But I do think the warehouse is a good thing to be invested in, especially if it's on main streets. It could be retail, could be warehouse, could be whatever. The second thing I'll say that's very low risk are any businesses that Amazon can't compete with you for. So, a small strip center that's two or three tenants, that's a hair salon, a nail salon, service type business, retail tenants, because it's a turnover business. So, like nail salons, they're never going to come to your house and do your nails unless you're a billionaire, because they can make more money with people coming to them in back-to-back appointments. So any type of service business tenant that you can have, and typically nail salons, hair salons, they don't usually go out completely. Usually, if they don't want to do it anymore, they'll sell the business to somebody else, and you keep a tenant. From an ownership standpoint, there's very low turnover and having to pay new brokerage fees or do give tenant fit-ups or free rent to like get their business up and running. So I would either go high bay warehouse with loading docks like 18 foot, 20 foot or higher ceilings, open floor plans, overhead doors, 20, 30,000 square feet, or two or three tenant strip malls with high traffic counts, good suburban locations that have service type businesses. Those are your two. Would be very hard to lose as long as you don't overpay when you buy them.   Keith Weinhold  16:25   This is such an interesting thing to say when you think about a resilient business, something that can't easily be disrupted by AI or Amazon, which something like a nail salon would fit into. Tell us about some of those other types that might fit into a small retail center that are resilient that way.   Todd Drowlette  16:45   End caps, so any kind of like a Popeyes, a McDonald's, anything that's drive-through or food. Even you're starting to see, you know, the Tesla robots, and you're seeing more and more of that. However, people will still buy the food. So whether the employees are actually still in there, it's all robots. They still physically need a place that's close and convenient for people to drive to, or even the food delivery apps. Like a lot of the retail restaurants now are telling me 30, 40% of their orders are delivery through like Uber Eats and whatever. But those are great tenants to have because they're still making money, and as the world's changing, they're adapting. And I want tenants that adapt to the changing world. And honestly, they can afford to pay more. This is terrible. But from a strictly landlord perspective, the fewer employees they have, you don't have workers' comp claims, you don't have the insurance, you don't have all those things. The more you can afford to pay rent to landlords. So as the world's changing, those type of retail, small strip centers, end caps, fast food, QSR type food, quick serve retail. Those are definitely things that I would be considering if I was someone getting into this, and they're things that I also own. So I always recommend what I would do myself.   Keith Weinhold  17:55   Right, and with that commercial tenant, if they're serving fast food, yes, it's not like their customer has to physically show up there at that business for that business to thrive.   Todd Drowlette  18:06   And actually, if you have them as a tenant, because of the delivery, like with a drive-through, you're typically only working off one or two miles. But Uber Eats or these other meal services, they're now going out five, six, even seven miles in some places. So that actually means their sales could be higher. And another thing I didn't mention, but now I'm thinking, a lot of restaurant tenants will pay a percentage rent. So actually, as their sales go up, even though there's not more infrastructure, you know, strains from more customers coming in and out of your property, as they're doing the meal delivery, you're actually potentially be getting cut of that as a landlord with percentage rent, which is a thing that doesn't exist in residential real estate, obviously, there's multiple streams of income for triple net properties at times when you have percentage rent that doesn't exist in warehouse, where it's in retail. It doesn't exist in office, doesn't exist in warehouse, doesn't exist in residential. So that can be a nice bonus, and you see that with supermarkets, restaurants, different types of retailers pay percentage run.   Keith Weinhold  19:05   Okay, so in a sense, Todd, we've been talking about going against the flow, if you will, in being in businesses that are resilient toward disruption from AI or Amazon. But while we're talking about industrial real estate, warehouses do come to mind for me soon afterward, I think generations ago maybe industrial had the connotation of a dirty factory. But today, when I think about warehouses, I think about Amazon fulfillment centers or AI data centers. So, what is the business like for investing in those sort of warehouse deals, and how do those deals even get put together for these warehouse types.   Todd Drowlette  19:42   So you have two types. So you have people who do spec building. So there's guys that will go out and say, "Hey, I'm in the warehousing business, and they'll go through. They'll get approvals and they'll say they'll buy 10 acres, 20 acres, 30 acres, and they'll say, "Okay, we're going to." Put I'm making this up. 500,000 square feet of warehouse on this. They'll go get approved, but they basically will put up a spec building of 40,000 50,000 feet, and then they'll lease it. Depending how long it takes them to lease it, then they'll build the next one. Once you kind of have one building up, it's much easier to prelease. If you just have a piece of dirt and say, hey, I'm going to do a warehouse building here. Unless you have a direct in specifically with Amazon, and they're like, hey, we need to be in Skoda, New York, you know, at this exit within 10 miles of that. And it's like anything. Once you do something for someone once, they're working across the whole country. So if you're particularly good in a specific region as developer, they will often say, "Hey, find me a spot here, here, because they're in the business of getting open and running data centers. They don't care if you're making a profit on the real estate, and they're not set up to locally go through the approvals, know the politicians, know the process, that whole thing. So there's opportunities like that. If you don't know anyone from a hole in the wall, if you have a big piece of property and you start with whatever you're comfortable with to spec out a warehouse, 10,000 feet, 5000 feet. See how long it takes. Do you lease that in six months? Does it take three months? Does it take a year? And then you can kind of take some of the profits from that, either refinance, or if you have a construction loan, then build the next one, build the next one, and build the next one. You can kind of build out as the demand comes along.   Keith Weinhold  21:22   You're listening to Get Rich Education. We're talking to the star of the A and E show, the Real Estate Commission, Todd Drowlette. So much when we come back. He's going to update us on what's happening with office to residential conversions, how much higher interest rate pain is still going to surface in some of these deals, and a negotiation tactic or two that you can use for your own residential deals. I'm your host Keith Weinhold. Flock Homes helps you retire from real estate and landlording, whether it's one problem property or your whole portfolio, through a 721 exchange, deferring your capital gains tax and depreciation recapture. It's a strategy long used by the ultra wealthy. Now, mom and pop landlords can 721 the residential real estate request your initial valuation. See if your properties qualify at flockhomes.com/gre. That's flockehomes.com/gre. Let me ask you something: If you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. And full disclosure, I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed, but with a track record of consistent, on-time investor payouts, they built real credibility.   Todd Drowlette  24:15   Well, I'll tell you about some of the pitfalls, and I'll tell you the huge opportunities. If you have office buildings that are vacant, you know, particularly in downtown municipalities like in Albany, New York, you know, our state capital in New York. Politicians and the government right now are creating a lot of incentives to convert those, where they're putting up grant and giving away millions of dollars to private developers that you don't have to repay. So there's a huge opportunity to have people take on a lot of the risk for you to do it. Some of the pitfalls people get into are you want to pick the right office building to do it for. So you want to a make sure that that office building either has on site parking garages or on site parking because I've seen people try to do it and that. Downtowns where there's no parking, and you can put a lot of money in a building with no parking. And if you're not in New York City, where people are used to, and you're competing against suburban apartments, that's a tough sell. So that's number one. Number two, for whatever reason, people really want in office buildings and downtown settings floor-to-ceiling windows. So you really want to pick office buildings that already have floor-to-ceiling windows because it can be very expensive. If you get over three floors, it can be very expensive to cut out windows and make them larger. And another, this is a huge money potential pitfall if you're not careful. Many municipalities and states have different codes for elevators for residential buildings than they have for office. It makes no sense to me, but office buildings. It has to do with fitting the elevator has to be large enough that you can get a stretcher if someone had a heart attack and needed to be wheeled out. Ah, for some reason, residential buildings require larger elevators, and if your shaft isn't big enough and your car isn't big enough. You could have a million dollars or more of an unexpected expense to either make the shaft bigger. Some buildings you can't even do it.   Keith Weinhold  26:08   Well, but if it was originally set up for-   Todd Drowlette  26:09   It doesn't make any sense either. This is new. If you have an office building that's 30 stories tall, people could have heart attacks in the middle of the day at the office. So how is that any different than if they're at home in an apartment and have a heart attack, so it doesn't make any sense to me why the code is different for the fire code. But in New York State, the fire code is different, and that can be astronomically expensive, or it can literally stop your project dead in the tracks if it just becomes cost prohibitive to do it.   Keith Weinhold  26:34   That's something that I never would have thought about. I generally like to see office to residential conversions revitalizing central business districts in our cities. You know, you talked about the parking before having less need for parking. If people can walk to work and where they work, that increases the walkability of an area. I like so many things about office to residential conversions, despite all the hardships and the pitfalls you have to avoid.   Todd Drowlette  27:01   Oh, they're great. You just want to make sure you're picking the right building. So my point is, if you have five or 10 vacant office buildings, mostly vacant office buildings, just make sure you're choosing the right one. And before you buy it, do your due diligence and go through with contractors and engineers and architects that understand all the codes and say, hey, the other positive thing that saves money in office conversions is most office buildings. If you have an elevator bank, typically have bathrooms directly across from the elevator bank, so water and sewer can be very expensive when you're running apartments. So having central lines going up through usually concrete floors can save you a ton of money in the design and the layout of how you place the units and do it around central bathrooms, but typically larger office buildings will have plumbing and sewer on different parts of the floor. So it just means you have to go less distance and it saves money. And a lot of office buildings, even older ones, have higher ceilings, which today is very desirable for apartments. So if you can have a building that has natural light, high ceilings, and you can get grant money to do it, that's definitely something people should look into. And even with a smaller building, I've seen people in New York people are converting 5000 foot office buildings into like five units. You know, there's money to be made. You just have to buy right. I always say, you know, if you can buy $1 for 50 cents. Buy it. Don't buy $1 and hope it goes to $2 A   Keith Weinhold  28:25   lot of these physical limitations, oftentimes in the office to residential conversion, and Todd in the residential world, oftentimes apartment buildings have been problematic. A lot of these syndicators have had their deals blow up because in 2022 or earlier they got five to seven year fixed rate debt. Those deals are coming due. The mortgage payments double, and a lot of times the operator just can't meet it, and it blows up. And apartment building values have been down about 30% nationally, largely for that reason, even though an apartment building owner gets a commercial loan, I still want to know from the commercial side and the commercial use type how much higher interest rate pain do you see that has surfaced and is still going to surface.   Todd Drowlette  29:17   So, I'll answer this by quoting my grandmother. She said, "Anytime you want to cook, whatever size pot you think you need, pick twice that size pot and start using that.   Keith Weinhold  29:29   Yeah.   Todd Drowlette  29:29   So I say the same thing when you're financing a deal or you're writing it out and seeing what your returns are. I always say to people, make sure that you have a big enough cushion in there for all the things you can never predict in commercial loans, there's a ton of guys that are about to lose their shirts, and you're starting to see it because, unfortunately, I don't know if it's true in residential real estate, but in commercial real estate, I've seen guys go from nothing to 50 million, 100 million, $200 million net worths, but I've also seen. Lose everything. So what happens in commercial real estate that you don't want to do is so many people say OPM, use other people's money, use other people's money, use other people's money, which is fine as a strategy. But what you don't want to do is cross collateralized loans. So if you have one property and then you go, oh, let me refinance that and then buy a next property and I'll refinance that and buy the next property, and then the bank's like, okay, we'll refinance that, but we're going to now tie all these properties together as one mortgage, or you're going to cross guarantee these properties. Right. The problem with that is, the people who do that strategy, if you started at that, you know, in 2021 when interest rates, you could get things at three and three quarters percent. Well, commercial loans are five-year loans typically, and they might have 20 or 20-five-year amortizations. So, unlike a residential mortgage that's a 15 or 20 or 30-year self-amortizing loan, they're not. At the end of five years, you have a balloon payment that you have to pay off. So, if interest rates are going down, that's amazing because if your tenants are the same, and even if your rents didn't change, and you bought something at 6% and now it's at 5% Your cash flow goes up significantly, and nothing happened other than your refinance. The problem is you have a ton of guys right now, guys, women, people that were financing stuff five years ago at three and three quarters, and now interest rates are hanging six and a quarter, six and a half, depending on the property, is might maybe seven. Same tenant, same everything. You're giving the keys back to the bank because you're broke now. Because all of a sudden you're financing, you squeeze too much out of the deal. I always say you can take on the in in or you can take on the out, but you can't have both. So when people are financing stuff, they just need to make sure. Like here's another thing I'll go off on. A lot of people will buy stuff with tax credits, and you see even with residential apartments, a lot of guys are financing that, selling people tax credits. Economies and things change and things move. If a deal is so tight that you need the tax credits to make the deal make sense, yeah, don't do the fricking deal because tax credits should be an added bonus. That's just, hey, that's a nice adding to the cushion. So many people have razor thin margins. They go, oh well, I do the tax credits. If I can get 70 cents on the dollar, this is how I make the money. I tell people I will have nothing to do with tax credit deals unless it's strictly a bonus. The deal has to stand on its own, and always assume in the course of five years interest rates could go up three points or down three points. Most people will not listen to me and will not do that. If you do that, you'll never get killed and you won't lose a property. It's super conservative, but there's enough money you can make, and if you buy it right, that's how you can afford to figure that spread in when you're financing something. But just so many people get greedy, and I just think back to my friend Bob Bear, who died. I met him when he was like 70-five. He was a billionaire, self-made, and he used to say to me, "It's not what you make; it's what you keep. And when people would ask how rich are you, he knew how rich he was. He would say, "I don't owe anybody in the world a dime.   Todd Drowlette  32:59   And to me, my entire strategy is I don't owe anybody in the world a dime. So I personally look at deals and say, out of my own cash flows, what can I buy? And instead of buying four properties a year, I might buy one property a year. But if I'm buying that and compounding my returns, I'm not paying interest to the banks. So it's just a different strategy. I sleep at night. I'm like the multimillionaire next door. I don't live extravagantly. I don't drive Ferraris and Rolls Royces. That's just not my thing. But I sleep at night and I have peace, which is important to me, knowing I don't owe anybody in the world a dime. But will I get as rich as the guy who's risking everything? No. But real estate to me is musical chairs, and the music always stops at some point. And there's never enough chairs for everybody. But if you're somebody who's in a cash position, which you're going to be going through in the next six months to a year, on the residential and commercial, I think there's going to be blood in the streets. And I think people who are sitting in cash are going to have like a once in a lifetime opportunity to buy things at a deep discount.   Keith Weinhold  34:02   Philosophically, we're different in one way. I use debt and leverage to grow larger, but ensuring that I do have enough income to cover the mortgage and all the operating expenses. But Todd, to your analogy about your grandmother in selecting a bigger pot than what she would need to cook whatever she's going to do, when it does come to debt, the last time I bought an apartment building myself, which wasn't recent, I could have chosen seven-year fixed-rate debt with a balloon at the end, or 10-year fixed-rate debt with a balloon at the end. The 10-year fixed-rate debt cost me one quarter of a percent more in mortgage rate, which dented my cash flow during the entire duration of that loan. But I did indeed choose that 10-year loan in order to have that much more certainty, and I sure am glad that that's what I did.   Todd Drowlette  34:54   That's always the game because it's people think that rich people know what you don't, or it's inside. Whatever I'm like. Number one, if you sit in a room with a bunch of rich people, yes, they will work against you if it benefits them to work together. But if it doesn't, you have egos and separate interests that are all competing. And there's always that thing of I know very very rich people who could buy and sell me 100 times over, and I also know that you don't know what you don't know, and the world has gotten so complicated, and financial markets are all intertwined globally. Anyone to be able to predict, it's like it's a crapshoot when you're like, okay, do I take seven years? Where do I think interest rates will be in seven years? It's hard to say where interest rates going to be tomorrow. You ask a banker tomorrow, they can't tell you. So it's like, what's your best educated guess of seven or 10 years? What's the better play? But I always go the conservative route.   Keith Weinhold  35:43   I think it's easier to predict the future direction of capital prices than it is interest rates. Myself,   Todd Drowlette  35:50   but I will say also, I am the exception. And if you have 100 other guests on here in the next year, well, 50-one more guests in here the next year, yeah, they would all say Todd's an idiot. That's terrible advice. If you want to get rich, literally leverage, leverage. Just do it intelligently, and I acknowledge that. I don't see the world the way other people do, but my end game is to be rich and comfortable, and to sleep at night with peace. And that's why I choose to do what I do, realizing I'm giving up. It's the you know what are you giving up to what do you gain benefit analysis, and I'm realizing I'm giving up some upside in my total potential net worth. But I like peace, and you know I had anxiety for years. I don't have it anymore, and I live my life to be as anxiety free as I can possibly be.   Keith Weinhold  36:34   That's interesting, and that certainly works for you, Todd. What's one negotiation tactic that you get from dealing with, well, let's say Decca or Centa million dollar commercial deals that our listeners could use the very next time that they buy a rental property.   Todd Drowlette  36:53   So the number one mistake I think people make is they assume what's motivating the other person, and they assume it's always price. So anytime I'm going to negotiate a deal from someone, whoever has the most information always wins, and whoever doesn't need the deal always wins. Yeah. So I want to know as much about that other person on the other side as I am. Are they going through a divorce? Are they desperate? Do they hate each other? Is it a partnership breakup? Did somebody inherit it and they live five states away and don't even know what this thing is worth that they have. So the number one thing from a negotiating standpoint is understand exactly who you're negotiating with and what's motivating them. From an actual tactic standpoint, just think logically through whatever the process is, and you can always go up. You can't go down. So the key is to offer as little as you can without insulting the person, so they don't even respond. So figure out what that fine line is, and before you go into the negotiation, know what your walk away number is. That's just the point you're not getting over. The fast way to lose in a negotiation is to get stuck in a bidding war. There's nothing I want so much that I'm going to overpay for it. So when people go, "Well, if somebody else is interested, I go then sell it to them. Yeah, I don't need it. Sell it to them. And then the other thing I'll say is, if you start the negotiation, this is the one piece. Say your number and shut up. So many people are scared of silence. And then, right, if the person doesn't immediately respond, they go, "Oh, well, I guess I offered you 500,000 I mean, I guess I could go 550. As soon as you talk after you give a number, you're negotiating against yourself. So throw the number, let it land wherever it lands, and do not talk until that person responds to you. That's like the number one mistake I see people do. They throw out a number, they get nervous with the silence, and then they immediately go up in their offer. That person could have been thinking, "Oh my God, did I forget to call back my whatever? And they're not even thinking about the number you just threw out. But people just assume, oh God, the number was too low, and then they negotiate against those. Do not do that.   Keith Weinhold  38:48   Risk the awkward silence. And yes, to your point about learning more about the other side, terms are often more important than price for sure. Well, Todd, you know a lot of commercial real estate content in mainstream media it tends to focus on these big institutional deals. But what has made your A and E show interesting, the Real Estate Commission, is what it's called. Is it focuses more on sort of leasing and this negotiation that we're just touching on there, and that's what makes you interesting. So tell us about what audiences can expect for season two of the Real Estate Commission on A and E.   Todd Drowlette  39:24   So, season two, you will 100% see real landlords, real brokers, real investors. You'll see real retailers. You'll see people relocating their offices in New York City. You'll see stuff in upstate New York. It's generally in the Northeast. In the first season, we helped a kitchen cabinet manufacturer relocate their suburban offices in Philadelphia. I sold a 50-unit HUD property that has a HAP contract you might be familiar with. That was crazy going through a bankruptcy foreclosure proceeding two year. That was crazy. Yeah, so you are going to. See more of that. It's a documentary. It's not a reality show, so you're watching the deal as it unfolds. Some things have happy endings. Some things have terrible endings, but they're real endings either way. So people will see a lot of that of deals happening in the Northeast. And if someone's listening and they're a business owner and they want to be part of the show, they can apply. We're announcing the casting will be open for about three weeks across the U.S. They can go to the realestatecommission.com/forward/tv and they can apply to be part of the show.   Keith Weinhold  40:32   Now, since you started this last year, I want to ask: Has this A and E exposure helped you generate more business and create traffic? I would really think so.   Todd Drowlette  40:42   Yeah, I wasn't sure. You know how because you never anything new. You never know, right? Like I put time and energy into it. It definitely did. Definitely, people start to notice you, which is a little weird. I was in a cell phone store, and they literally it was playing, and the guy's like, "Oh, it's you! Like, and then everybody who's walking in, he's like, "Hey, look, it's the guy on TV. He's right here. That was like kind of an awkward. Like, I'm like, "Okay, this is weird. Guy was excited, so that was fine. It's an adjustment of things, but it definitely has increased our overall visibility and people reaching out to do deals with us for sure.   Keith Weinhold  41:18   Is there any last resource you'd like to tell our audience about.   Todd Drowlette  41:21   I would just quickly announce the first season did so well. We're actually doing a spinoff show that'll also air on A and E called the Real Estate Commission New York that we're casting in upstate New York as well as New York City for brokers, agents, home sellers, home buyers that will actually document real buyers, real sellers, same thing. It'll follow our format, which I know there's a million shows on TV about real estate. Those are reality shows, not docu series. And I'll say, without going into the details, there's a very big difference between those two and what you're actually seeing on camera and what's happening. That will air in March of 2027, back to back with our show, I will make cameos in that. But I'm executive producing that show, so from your residential audience, that's a show they should tune into. I think they'll get a lot out of it.   Keith Weinhold  42:12   Congratulations! Your show has had so much success that it's setting the template for another show, and it has been most interesting since we first had you here last year to follow this along, Todd Drowlette. It's been a valuable chat. Thanks so much for coming back onto the show.   Todd Drowlette  42:28   I'd love to come back anytime, and thank you so much for having me on again. I appreciate it.   Keith Weinhold  42:38   Drowlette is spelled D R O W L E T T E. Todd and I talk a good bit off mic as well. In addition to the elevators, sometimes he emphasizes how cumbersome to impossible HVAC system compatibility is when you're doing office to residential building conversions. Too, you just never seem to hear about an easier than expected office to residential property conversion. It is most interesting and rare that Todd is not much of a leverage guy at all. Whereas in the vein of financially free beats debt free, I like to approach deals where the interest cost is lower than the expected opportunity cost. When it comes to negotiating, some of Todd's approach, you know, it's similar to what prominent hostage negotiator Chris Voss shared with you here on the show a few years ago. That silence is powerful in negotiating. In fact, if you feel like you need to say something to fill the silence. Use what Chris Voss calls the mirroring technique, and the mirroring technique that is simply repeating what the other party just said, kind of like a parrot would. For example, if you're trying to buy a property and the seller says that the best they can do is sell it to you for 550k and a delayed 90-day close. Reply with 550k and a 90-day close, and then listen to see if the seller comes down from there. Or instead, you can simply say nothing and just sit there with the silence like Todd recommended. The reason I like these particular negotiating techniques right here is that they're easy to remember and they're easy to do. You either remain silent or, per the mirroring technique, you just repeat the last words that the other party said. Thanks to Todd Drowlette today, you can check out the real estate commission on A and E Coming up here on the show soon. Back to residential, where for the first time ever on the show here we discuss what might be the greatest real estate cash flow strategy because it's becoming quite popular today. Until next week, I'm your host Keith Weinhold. Don't quit your daydream.   Speaker 1  45:08   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  45:36   The preceding program was brought to you by your home for wealth building getricheducation.com  

EUROPEAN EV SALES JUMP 52% IN JUNE  European EV sales rose 52% in June, with volume models up 59% and premium models up 31%, pushing year-to-date growth to 35% overall. Tesla led the market with the Model Y and Model 3, while models like the Renault 5, Skoda Enyaq, and Leapmotor T03 showed strong gains, and BMW topped the slower-growing premium segment.GM EV RESET COSTS $10.9 BILLION  GM's shift away from aggressive EV expansion has now cost $10.9 billion, including a new $2.3 billion charge tied to reducing battery capacity and retooling factories for more petrol vehicles. The reversal follows weaker EV demand and missed targets against Tesla, mirroring similar multi-billion-dollar pullbacks by Ford, Stellantis, and Volkswagen.RANGE ROVER SHOWS ELECTRIC GT PROTOTYPE  JLR has unveiled a low-slung electric GT-style crossover as a fifth Range Rover model, blending SUV and saloon design on its EMA platform. A production version is expected next year with likely dual-motor AWD, though performance and range figures remain undisclosed.HOLLYWOOD TESLA DINER TOPS GLOBAL SUPERCHARGER NETWORK  Tesla's Hollywood diner and Supercharger site became the busiest in its global network within a year, delivering 21.2 GWh and averaging about 1,600 daily charging sessions. The location significantly outperforms other sites in weekly energy delivered, highlighting demand for high-traffic charging hubs.SWEDEN EV SHARE HITS 67% IN Q2  Plug-in vehicles reached a 67% market share in Sweden in Q2 2026, driven mainly by BEVs rising to 42% while PHEVs declined slightly. Overall car sales grew 22%, supported by new rural-focused incentives, with the Volvo EX40 remaining the top-selling BEV.VOLKSWAGEN ID. POLO STARTS AT £23,945  Volkswagen's new all-electric ID. Polo will start at £23,945, marking a key model in its “True VW” strategy with improved design, usability, and physical controls. Offering up to 280 miles of range and modern tech across trims, it aims to balance affordability, practicality, and everyday performance.VOLKSWAGEN BACKS SAFETY-LED E-BIKE RANGE  Volkswagen has backed a premium e-bike line featuring 250W motors and a 25 km/h limit, focused on safety and urban usability rather than speed. Key features include a radar-assisted rear-view system, integrated lighting, and optional smart helmet and HUD glasses to bring car-style safety tech into micromobility.HYUNDAI UNITES V2X UNDER ALL DAY ENERGY  Hyundai has launched All Day Energy, a unified V2X platform that combines its regional systems into a single global service accessible via vehicle apps. The system enables EVs to supply power to homes, buildings, other vehicles, and the grid, with the UK set as the first rollout market.BURNHAM CUTS POWER VAT, WIDENS EV CHARGING GAP  The UK will remove VAT on domestic electricity from October, cutting bills and benefiting EV owners who charge at home while leaving public charging taxed at 20%. This widens the cost gap for the 32% of households without driveways, intensifying calls for equalised charging taxes.ABARTH 500E GETS UK GRANT  The Abarth 500e now qualifies for a £3,750 UK government grant, reducing its price to £24,245 and making the electric hot hatch more accessible. The incentive aims to broaden its appeal beyond early adopters since its 2023 launch.ILLINOIS EV REBATES RETURN ON AUGUST 1  Illinois will relaunch its EV rebate program on August 1 with $14 million in funding, offering up to $4,000 for low-income buyers and $2,000 standard rebates. The program runs until funds are exhausted, with strict eligibility rules including price caps, dealer requirements, and no leases.USED EVS KEEP MORE BATTERY THAN FEARED  A Swedish study of nearly 10,000 tests found many EVs retain 95–97% battery capacity after over 100,000 km, challenging common concerns about degradation. Models like the Kia e-Niro and Hyundai Kona performed best, while battery chemistry and supplier differences also significantly affected long-term health.

Leo Young is the founder and managing partner of Cornell Communities, a private equity real estate firm revitalizing manufactured housing communities across eight states. He studied finance in college, then moved into sales at Tesla to build the communication skills he knew he was missing, working his way up to top regional salesperson before leaving to pursue real estate full time. After earning his real estate license, working in brokerage, and investing passively in apartments, Leo launched his own firm. Cornell Communities acquires and operates middle market mobile home parks, expanding access to affordable housing while delivering risk managed returns to accredited investors.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways Stack skills deliberately, since finance, sales, and operations compound over a career Vet the operator harder than the pro forma, because execution drives returns Buy in the middle market where institutions with cheaper capital are not competing Underwrite infrastructure first, since older parks carry hidden CapEx risk Create value through expense discipline and rent normalization, not unit renovations     Topics From Finance to Tesla Sales Leo studied finance but could not hold a presentation or speak in front of a room He joined Tesla to fix that weakness and became the top regional salesperson Why He Left a Dream Job for Real Estate Sales income required constant output and did not build lasting wealth A first passive apartment investment and distribution check convinced him to go all in Manufactured Homes vs. Mobile Homes Manufactured housing is the legal term tied to federal HUD construction standards Roughly 20 million Americans live in these communities, across a wide quality range Buying in the Middle Market Institutions and REITs with cheaper capital absorb the top quality assets Leo targets workable properties where his team can execute a clear value add What He Underwrites First Infrastructure leads: water, sewer lines, and roads on parks 50 to 70 years old Purchase price, location, and regulations follow, then his own team bandwidth How He Vets Sponsors as a Limited Partner Most decks oversell the property and undersell the team He asks for case studies and how the sponsor responds when a deal goes wrong Why the Economics Work Residents own their homes, which lowers the operating expense ratio and lifts NOI Heavy land improvement creates more depreciable value in a cost segregation study Lot rents sit at the low end of the housing market, so demand stays strong The Two Main Value Levers Expenses: rebuild vendor contracts and move home and utility costs to residents Rent: normalize lot rents toward market while keeping the value proposition intact Site improvements like roads, fencing, signage, and lighting support resident relations Why Homes Rarely Move Relocating a home can cost $7,000 to $10,000 and risks damage in transit Most residents sell in place and cash in the equity they built Community and Retention Turnover runs near 5%, compared with roughly 50% in apartments Private yards and driveways make the setting closer to a subdivision than a building    

Washington saw several significant developments this week. The Ballmer Group announced one of the largest private affordable housing commitments in state history. Puget Sound housing permits fell to their lowest level in a decade while the region experienced job losses. Washington's rent cap law completed its first full year of enforcement. The Spokane Tribe of Indians continued its major expansion into the Puget Sound multifamily market, and state agencies began adapting ahead of HUD's new federal homelessness funding priorities.

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

Manželia Hudákovci rozprávajú o svojom manželstve. Aké je to, keď sa protiklady priťahujú a zároveň vytvárajú skvelý celok? Hovoria o Miškinej prorockej službe, o Tomášovej služobnosti daru uzdravovania, ale aj o živote s deťmi uprostred života v rámci Komunity Ezechiel.

Everyone is talking about Trump's new housing law, but the biggest headlines may be the least important part of the bill.In this episode, Jeb Smith and Josh Lewis break down what the new housing legislation actually does, what was removed before it passed, and whether it will have any meaningful impact on first-time homebuyers.While much of the attention has focused on limiting large institutional investors from buying more starter homes, those investors own a much smaller percentage of the housing market than many headlines suggest. The bill also does not require them to sell the homes they already own, which means buyers should not expect a sudden flood of affordable inventory.The more important provisions may be the ones receiving far less attention. These include a new HUD pilot program designed to make mortgages under $100,000 more accessible, a permanent process allowing buyers to challenge low appraisals, potential savings on manufactured housing, higher financing limits, and expanded options for accessory dwelling units.Jeb and Josh explain who may benefit from these changes, why the effects will vary dramatically by market, and why buyers should not wait for Washington to solve affordability, inventory, or interest rates.✅ Are you Ready To Become A Homeowner: https://www.buyrightborrowsmart.com/quiz.✅ Start your stress-free journey today: https://www.theeducatedhomebuyer.com/start..Topics DiscussedWhat Trump's new housing law actually changesWhy institutional investors are not being forced to sellHow many homes large corporate investors really ownWhy the investor restrictions may have little immediate impactThe new small-mortgage pilot programGrants for down payments, closing costs, appraisals, and title insuranceWhat buyers can do when an appraisal comes in lowChanges affecting manufactured homes and ADU financingWhy government policy will not fix housing affordability overnightHow to determine whether you are actually ready to buyTimestamps00:00 Trump's new housing law and the misleading headlines01:50 Why the bill received overwhelming bipartisan support02:40 What happened to the proposed corporate investor selloff04:45 Why corporations started buying single-family homes06:35 Market-based solutions versus government restrictions08:03 How much of the housing market institutional investors actually own09:01 The two provisions that could help first-time buyers09:43 The new mortgage program for loans under $100,00012:28 What happens when an appraisal comes in low13:03 Reconsideration of value and appraisal challenges14:50 Manufactured housing changes and potential cost savings15:23 Higher FHA limits, ADU financing, and chattel loans16:20 Why the law will not transform housing overnight17:10 The political reality behind major housing legislation17:37 How buyers should decide whether now is the right time18:25 The two-minute homebuyer readiness quiz19:16 The financial and lifestyle factors that matter mostThe Educated HomeBuyer helps buyers understand the housing market, mortgage process, and financial decisions involved in purchasing a home. Subscribe for straightforward conversations designed to help you buy right, borrow smart, and build wealth.

Jana Velebírová Hudáková // Ján 1, 5

This week on HECM World Weekly, we explore the biggest stories shaping the reverse mortgage industry and the future of housing wealth. HUD is considering changes to property standards that could make reverse mortgages more accessible, Finance of America expands HomeSafe Second into new markets, and artificial intelligence is driving an extraordinary luxury housing boom in San Francisco unlike anything seen in decades. We also unpack Realtor.com's updated housing forecast, examine a new Federal Reserve study on housing demand, discuss why Gen Z is entering the housing market while many Boomers continue ageing in place, and look at what President Trump's comments on Australia's retirement system could mean for the future of retirement planning in the United States. Whether you're a reverse mortgage professional, lender, financial adviser or simply interested in the trends shaping retirement, this episode provides the context behind the headlines—and what they could mean for your clients and your business. In this episode: • NRMLA pushes for modernised HUD property standards • Finance of America expands HomeSafe Second • AI's growing role in mortgage lending • Realtor.com's updated 2026 housing forecast • Federal Reserve study sparks housing demand debate • San Francisco's AI-fuelled housing boom • Gen Z homebuyers and the mortgage lock-in effect • Trump's interest in Australia's retirement system Read the full HECM World Weekly article:https://hecmworld.com/2026/07/10/hecm-world-weekly-housing-wealth-enters-a-new-era-as-ai-policy-and-demographics-reshape-retirement/ Subscribe for weekly reverse mortgage news, housing market insights and retirement trends from across the industry.  

John Rich, a country music artist and newly appointed special envoy for American landowners, aims to represent landowners to the federal government, addressing issues with various agencies like the EPA, HUD, and USDA. He is working to reverse regulations imposed by the Biden administration that he believes negatively impact farmers and ranchers, contributing to their inability to be cash flow positive.

Godforge's UI/UX team joins the podcast to discuss how Beta feedback is shaping the next wave of improvements. This episode covers reducing friction, improving roster and gear flows, making rewards feel more exciting, clarifying icons and battle HUD information, and bringing more of Godforge's “Metal & Magic” identity into the interface.Fateless is a dynamic game studio founded by passionate content creators Simon Lockerby (Hellhades), Dan Francis (Phixion), and Hisham Saleh (Sham). Our mission is to create community-driven, immersive RPG Hero Collector games that emphasize player agency, storytelling, and strategic gameplay. Join us as we share our journey from concept to launch and beyond.Support the show

In 2024, Washington state took a novel approach to undoing some of the historical damage caused by racist housing policy. That’s the year the state launched the Covenant Homeownership Program. It provides no-interest loans to descendents of people impacted by redlining or racially restrictive covenants. Those loans can be used for down payments and closing costs. So far, more than 1,500 home buyers have benefited from the program. And supporters say it’s giving people the chance at home ownership their ancestors were deprived of. But the program has opponents: After it was established, a nonprofit group quickly sued, alleging racial discrimination. And earlier this year, the federal Department of Housing and Urban Development launched an investigation into the program. Guest: Susan Shain, freelance writer reporting for The New York Times Related Stories: Washington State Tried to Make Up for Redlining. Then It Was Sued. HUD launches investigation into WA’s Covenant Homeownership Program Thank you to the supporters of KUOW, you help make this show possible! If you want to help out, go to kuow.org/donate/soundsidenotes Soundside is a production of KUOW in Seattle, a proud member of the NPR Network. See omnystudio.com/listener for privacy information.

Our region joins a lawsuit against HUD. Long Island hunters can now bag more deer. Mosquitoes from Milford test positive for the West Nile virus. Plus, the latest from WSHU's Good at Heart.

Great players don't just grind levels.They monitor their stats.In video games, there's something called a Heads-Up Display, or HUD. It's the information panel that shows your character's status while you're playing — your health, energy, armor, ammo, experience points.It's basically your character's dashboard.And here's the idea for today:Your body has a dashboard too.Signals.Data.Feedback.Clues about how your system is performing.But most people go through life completely ignoring it.They train when they should recover.They push when their body is exhausted.They sleep poorly, eat poorly, and then wonder why their performance drops.Today we're going to talk about five health stats you should start paying attention to if you want to level up your health, fitness, and longevity.Because the best players don't just train harder.They manage their system better.Resources:Brain.fm App (First month Free, then 20% off subscription)Discount Code: coachdamiensdCaldera Lab Skin Carewww.calderalab.comDiscount Code: CoachDLinks:IG:@coachdamien_sd@damienrayevans@livinthedream_podcast YouTube:https://www.youtube.com/channel/UCS6VuPgtVsdBpDj5oN3YQTgFB:https://www.facebook.com/coachdamienSD/

Angel sits down with Julie Anne Peterson to discuss how today's lending environment is changing the way investors approach multifamily real estate. They explore the impact of rising interest rates, compare financing options, and share practical strategies for structuring deals in a challenging market. From agency debt and bank loans to assumptions and HUD financing, this episode is packed with insights for investors looking to make smarter financing decisions.Topics CoveredCurrent trends in commercial real estate lendingHow rising interest rates are impacting multifamily acquisitionsComparing agency debt, bank loans, bridge loans, and HUD financingThe benefits and challenges of loan assumptionsHow supplemental financing works with Fannie Mae loansUnderstanding mezzanine debt and capital stacksWhy investor confidence matters in today's marketLong term financing strategies for successful real estate investingQuotes"Nobody cares that you had a nervous breakdown. They care whether you closed the deal.""It's not about finding the perfect loan. It's about finding the financing strategy that works in today's market."Connect with Julie: https://www.linkedin.com/in/julie-anne-peterson-51a6603/Connect with Angel: https://www.linkedin.com/in/angel-williams-re/

On today's episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about why this was a positive week for housing. Related to this episode: Why we can't get more housing construction in the US HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ More info about HousingWire The Top 5: Fannie Mae to expand title pilot program, Pulte says HUD tests a new Operation Breakthrough for today's housing crisis FHFA pushes GSEs to embrace chattel loans in Duty to Serve proposal Why we can't get more housing construction in the US Trump abruptly delays signing of 21st Century ROAD to Housing Act Want more from Sarah? Don't forget to subscribe! The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.

On today's episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about mortgage rates and why they aren't dropping along with oil prices. Related to this episode: Why mortgage rates haven't followed oil prices by moving lower HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ More info about HousingWire The Top 5: Trump abruptly delays signing of 21st Century ROAD to Housing Act Why mortgage rates haven't followed oil prices by moving lower HUD tests a new Operation Breakthrough for today's housing crisis Fannie and Freddie's new rules change the playbook for condo buyers, sellers and managers alike Fannie Mae to expand title pilot program, Pulte says Want more from Sarah? Don't forget to subscribe! The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.

Online #poker is a very different beast to twenty years ago. Essentially all poker sites have taken the decision to clip the wings of the professional grinder, ostensibly to encourage the survival of recreational players. Table caps, minimal rake back, and HUD restrictions require the pros to make concessions.   In this episode of the podcast, coach w34z3l discusses how the online grinder can navigate this hostile environment. There are no ideal poker sites anymore, but you can still develop a strategy to play professionally or to generate a significant side income.   TIMESTAMPS 0:00 Introduction: The Golden Age of Online Poker 1:04 PokerStars Today: Table Caps & Restrictions 2:18 Multi-Site Grinding: The New Reality 4:42 HUD Restrictions Across Major Networks 7:24 Room-by-Room Breakdown: Finding the Best Option 9:38 888 Poker: Traffic Issues & High Rake 10:14 iPoker Network: Bot Activity Concerns 11:58 Americas Cardroom: Closest to Old Stars? 12:57 Unibet: No Tracking, No HUD 13:37 Asian Apps: Security Risks & Agent Issues 15:04 PokerStars Security vs Accessibility 16:09 Winamax Withdrawal Issues: My Experience 21:01 GG Poker Lifetime Ban: What Happened? 24:39 The Decline of Online Poker & Final Thoughts   **LINKS** The Low-Stakes Poker Playbook: https://redchippoker.com/low-stakes-poker-playbook/ Setting Up Your Poker HUD Stats: https://www.splitsuit.com/setting-up-poker-hud-stats Maximize Your Online Poker Edge: https://youtu.be/IFLeNVINYDQ?si=t9oqSddVCfoWwZ5b Top 15 Key Poker Skills: https://redchippoker.com/top-15-poker-skills/   **JOIN US ON DISCORD** Join our free poker Discord today: https://redchippoker.com/discord  

On today's episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about the latest housing data and what to look for the rest of the year. Related to this episode: Keys to the housing market for the rest of 2026 HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ More info about HousingWire The Top 5: Keys to the housing market for the rest of 2026 When will home sales finally return to normal? HUD aims to help multi-story manufactured housing go vertical Bed Bath & Beyond-Fathom deal part of industry's new-ish ecosystem push Five lessons from the first half of the 2026 housing market Want more from Sarah? Don't forget to subscribe! The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.

In 2025, the U.S. Department of Housing and Urban Development (HUD) marked its 60th anniversary. Created amid the optimism and urgency of the civil rights era, HUD embodied a bipartisan commitment to building stronger, more integrated, and equitable cities. How did that vision unfold alongside the music, culture, and politics that shaped urban life? Street Level, a special audio documentary episode of Soundscapes NYC, explores the intertwined histories of urban policy, housing, and popular culture in the years following HUD's establishment. Through archival recordings, immersive sound design, and music drawn from the neighborhoods most affected by federal housing decisions, the documentary traces how government policies shaped city life—and how residents responded through creativity, resilience, and community. Featuring insights from historian and author Bench Ansfield, author of the Pulitzer Prize-nominated Born In Flames, senior career HUD staff members Kent Watkins and John Finch, and public history scholar Kristin Sylvian, Street Level connects policy decisions to lived experience, revealing how federal housing initiatives shaped the urban landscape—and how music and culture helped sustain joy, identity, and perseverance when city life grew more difficult. Part history, part cultural exploration, and part sonic journey, Street Level offers a powerful new perspective on the forces that have shaped America's cities. HOST/PRODUCER: Ryan Purcell WRITER/PRODUCER: Shelagh Little Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

New data from King County shows putting people in housing without preconditions like drug treatment has had some significant benefits. The report comes from the King County Department of Community and Human Services and shows a decrease in jail bookings among those in permanent supportive housing programs between 2021-2025. Seattle has been a national leader in using such “Housing First” initiatives. But funding for those programs is at risk, to the tune of $26 million – that’s after the Trump administration released a new rule earlier this month, requiring providers to move away from Housing First programs in order to qualify for HUD grants next year.What more does this data analysis show? And what's lost if federal funding goes away? GuestJelani Jackson, acting director for the Housing & Community Development division within the King County Department of Community and Human ServicesThank you to the supporters of KUOW, you help make this show possible! If you want to help out, go to kuow.org/donate/soundsidenotes Soundside is a production of KUOW in Seattle, a proud member of the NPR Network.See omnystudio.com/listener for privacy information.

In 2025, the U.S. Department of Housing and Urban Development (HUD) marked its 60th anniversary. Created amid the optimism and urgency of the civil rights era, HUD embodied a bipartisan commitment to building stronger, more integrated, and equitable cities. How did that vision unfold alongside the music, culture, and politics that shaped urban life? Street Level, a special audio documentary episode of Soundscapes NYC, explores the intertwined histories of urban policy, housing, and popular culture in the years following HUD's establishment. Through archival recordings, immersive sound design, and music drawn from the neighborhoods most affected by federal housing decisions, the documentary traces how government policies shaped city life—and how residents responded through creativity, resilience, and community. Featuring insights from historian and author Bench Ansfield, author of the Pulitzer Prize-nominated Born In Flames, senior career HUD staff members Kent Watkins and John Finch, and public history scholar Kristin Sylvian, Street Level connects policy decisions to lived experience, revealing how federal housing initiatives shaped the urban landscape—and how music and culture helped sustain joy, identity, and perseverance when city life grew more difficult. Part history, part cultural exploration, and part sonic journey, Street Level offers a powerful new perspective on the forces that have shaped America's cities. HOST/PRODUCER: Ryan Purcell WRITER/PRODUCER: Shelagh Little Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/music

In 2025, the U.S. Department of Housing and Urban Development (HUD) marked its 60th anniversary. Created amid the optimism and urgency of the civil rights era, HUD embodied a bipartisan commitment to building stronger, more integrated, and equitable cities. How did that vision unfold alongside the music, culture, and politics that shaped urban life? Street Level, a special audio documentary episode of Soundscapes NYC, explores the intertwined histories of urban policy, housing, and popular culture in the years following HUD's establishment. Through archival recordings, immersive sound design, and music drawn from the neighborhoods most affected by federal housing decisions, the documentary traces how government policies shaped city life—and how residents responded through creativity, resilience, and community. Featuring insights from historian and author Bench Ansfield, author of the Pulitzer Prize-nominated Born In Flames, senior career HUD staff members Kent Watkins and John Finch, and public history scholar Kristin Sylvian, Street Level connects policy decisions to lived experience, revealing how federal housing initiatives shaped the urban landscape—and how music and culture helped sustain joy, identity, and perseverance when city life grew more difficult. Part history, part cultural exploration, and part sonic journey, Street Level offers a powerful new perspective on the forces that have shaped America's cities. HOST/PRODUCER: Ryan Purcell WRITER/PRODUCER: Shelagh Little Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy

In 2025, the U.S. Department of Housing and Urban Development (HUD) marked its 60th anniversary. Created amid the optimism and urgency of the civil rights era, HUD embodied a bipartisan commitment to building stronger, more integrated, and equitable cities. How did that vision unfold alongside the music, culture, and politics that shaped urban life? Street Level, a special audio documentary episode of Soundscapes NYC, explores the intertwined histories of urban policy, housing, and popular culture in the years following HUD's establishment. Through archival recordings, immersive sound design, and music drawn from the neighborhoods most affected by federal housing decisions, the documentary traces how government policies shaped city life—and how residents responded through creativity, resilience, and community. Featuring insights from historian and author Bench Ansfield, author of the Pulitzer Prize-nominated Born In Flames, senior career HUD staff members Kent Watkins and John Finch, and public history scholar Kristin Sylvian, Street Level connects policy decisions to lived experience, revealing how federal housing initiatives shaped the urban landscape—and how music and culture helped sustain joy, identity, and perseverance when city life grew more difficult. Part history, part cultural exploration, and part sonic journey, Street Level offers a powerful new perspective on the forces that have shaped America's cities. HOST/PRODUCER: Ryan Purcell WRITER/PRODUCER: Shelagh Little Learn more about your ad choices. Visit megaphone.fm/adchoices

In 2025, the U.S. Department of Housing and Urban Development (HUD) marked its 60th anniversary. Created amid the optimism and urgency of the civil rights era, HUD embodied a bipartisan commitment to building stronger, more integrated, and equitable cities. How did that vision unfold alongside the music, culture, and politics that shaped urban life? Street Level, a special audio documentary episode of Soundscapes NYC, explores the intertwined histories of urban policy, housing, and popular culture in the years following HUD's establishment. Through archival recordings, immersive sound design, and music drawn from the neighborhoods most affected by federal housing decisions, the documentary traces how government policies shaped city life—and how residents responded through creativity, resilience, and community. Featuring insights from historian and author Bench Ansfield, author of the Pulitzer Prize-nominated Born In Flames, senior career HUD staff members Kent Watkins and John Finch, and public history scholar Kristin Sylvian, Street Level connects policy decisions to lived experience, revealing how federal housing initiatives shaped the urban landscape—and how music and culture helped sustain joy, identity, and perseverance when city life grew more difficult. Part history, part cultural exploration, and part sonic journey, Street Level offers a powerful new perspective on the forces that have shaped America's cities. HOST/PRODUCER: Ryan Purcell WRITER/PRODUCER: Shelagh Little Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/popular-culture

Whitney Elkins-Hutten of PassiveInvesting.com interviews Mike Novelli, principal of Cypress Brook, to dive into the intricate details of the 293-Unit Ariza Dripping Springs project in Dripping Springs, TX. This ground-up construction project in the heart of the Texas Hill Country faced unique hurdles, including strict environmental regulations and the engineering challenge of a custom, eco-friendly wastewater treatment plant. Mike shares his 30-year expertise in the apartment industry, detailing how his team navigates high-stakes developments—from rigorous subcontractor vetting to securing strategic HUD 221(D)(4) financing. Whether you're a passive investor or an aspiring developer, this conversation provides an invaluable look at the realities of modern multifamily real estate and successfully overcoming market volatility.

Season 8, Episode 1: How did two lawyers turn a handful of Arizona fourplexes into a vertically integrated real estate powerhouse with over 20,000 units renovated? Today, we sit down with John Griggs, Co-CEO and Co-Founder of Presidium, to break down the strategy behind that rise. John shares how he spotted his first opportunity in the "golden age" of the Arizona housing market before shifting his conviction to Texas just as the landscape was beginning to transform. We dive into how Presidium scaled its early portfolio to 5,000 units, the hard lessons learned from internalizing management during the GFC, and the strategic move of acquiring a special servicing company to master the mechanics of distressed debt. Whether you're interested in ground-up development, creative capital stacks involving HUD debt, or where multifamily opportunity sits in today's cycle, this episode is a must-listen. Join us as we explore the risk discipline and long-term vision that helped Presidium evolve from a grassroots startup into a dominant institutional investment platform. Shoutout to our sponsor, Lennar Investor Marketplace. New construction rental investments with comps, returns, and underwriting built in. TOPICS 00:00 – Introduction and Presidium's Background 01:32 – From Silicon Valley Law to the 2003 Arizona "Golden Age" 08:03 – Moving to Texas and Raising Capital for Scale 10:11 – Navigating the GFC and Internalizing Management 14:58 – The Institutionalization of Multifamily Real Estate 19:27 – Strategic Acquisition: Buying a Special Servicer 24:56 – Launching a Development Platform and Spotting Market Peaks 31:18 – Today's Creative Financing: HUD Debt and Housing Authorities 36:38 – Targeting Distress and Partnering with Lenders 42:15 – Delo Capital and the Outlook for Sun Belt Migration For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/ Watch this episode on YouTube: https://www.youtube.com/@NoCapCREDaily About No Cap Podcast Commercial real estate is a $20 trillion industry and a force that shapes America's economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry's biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate. About CRE Daily  CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.

The BuzzHouse team introduces a new segment, Housing Happenings, with Baker Tilly's Larissa Fogarty sharing the latest developments in affordable housing policy. She breaks down the Road to Housing Act, updates to the RAD program and HUD's decision to wind down the Restore and Rebuild initiative, explaining what these changes could mean for public housing authorities and future housing development efforts. Building on those industry trends, Don Bernards and Garrick Gibson sit down with Mark Carlson, vice president of Carlson Construction, to discuss the challenges and opportunities shaping construction projects today. Mark shares his perspective on labor shortages, regional pricing trends, value engineering and the importance of early planning and collaboration. From policy updates to construction realities, this episode connects the issues shaping affordable housing and multifamily development today. Follow Us Twitter @BakerTillyUS Facebook @BakerTillyUS Instagram @bakertillyus Presented by Baker Tilly www.bakertilly.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Navigating the real estate landscape can be incredibly lucrative, but it is a dangerous jungle if you don't understand the paperwork. In this episode, professional investor Kris Krohn shares his real estate survival guide by breaking down the top ten critical documents you must comprehend to safely buy or sell property. From the initial purchase contract down to the final HUD settlement statement that ties the entire transaction together, Kris equips you with the fundamental legal maps required to make a pile of money while keeping yourself protected from being taken advantage of.

The brother of Los Angeles Mayor Karen Bass is suing the very city she runs — and it may be the most politically awkward lawsuit in California history. Kenneth Bass is among thousands of plaintiffs accusing Los Angeles of negligence after the Palisades Fire destroyed their homes, and his name on that filing puts Mayor Bass in an impossible position: defend her administration, or watch her own family become the face of its failures.While the mayor was in Ghana when the fires broke out, LA's fire department — which her administration helped defund — was overwhelmed and underprepared. Reservoirs sat empty. Fire Chief Crowley was later fired and has accused the city of retaliation. Now the same city council that gutted fire resources is spending public money to defend against the lawsuits those cuts made inevitable.The Kenneth Bass filing is just one piece of a massive legal reckoning. Thousands of Angelenos who lost everything in the Palisades blaze are seeking the accountability city hall has proven incapable of imposing on itself. A federal audit found Los Angeles burned through nearly $944 million in HUD homeless funds — money that could have gone toward prevention, cleared brush, or basic infrastructure. Los Angeles didn't just fail to prepare; it spent the prevention money and still delivered disaster.Subscribe to @reasonablenews and hit the notification bell for daily coverage of the stories the mainstream press buries.#LosAngeles #HomelessCrisis #CaliforniaPoliticsGO PREMIUM WITH REASONABLE+ FOR UNCENSORED ACCESS

The federal government has finally done what LA's politicians refused to: cut off the money. The Department of Housing and Urban Development pulled all federal funding from the Los Angeles Homeless Services Authority — $944 million — after investigators found the agency couldn't demonstrate basic financial controls over funds it received since 2021. A prior audit had already found LAHSA couldn't account for $2.5 billion. This is the long-overdue collapse of one of the most spectacular government failures in recent American history.LAHSA spent years operating as what Sean calls the "homeless industrial complex" — an agency that extracted massive taxpayer dollars, expanded its bureaucracy, and produced worse outcomes on LA's streets with every passing year. While Karen Bass and city leaders pointed fingers and demanded more money, the homeless population grew, encampments spread, and the suffering on the ground intensified. HUD is now saying what many suspected for years: the model doesn't work and the money is gone.The failure isn't isolated to LA. Oregon burned through $2.7 billion across three counties with similar results. Seattle is grappling with a trafficking crisis tied to encampment networks. Everywhere the Housing First ideology has taken root, the pattern repeats — unlimited spending, expanding bureaucracies, and streets that only get worse. The question was never whether this would collapse. It was when.Subscribe to @reasonablenews for sharp, daily coverage of the stories the mainstream media won't tell you straight.#LosAngeles #HomelessCrisis #CaliforniaPoliticsGO PREMIUM WITH REASONABLE+ FOR UNCENSORED ACCESS

On today's episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about mortgage rates after the peace deal and in the midst of Fed week. Related to this episode: How much will mortgage rates fall with the Iran deal and Fed week? HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ More info about HousingWire The Top 5: HUD would permit multi-story manufactured homes without a permanent chassisoy Advisors says How much will mortgage rates fall with the Iran deal and Fed week? Why housing demand is up and inventory is down in 2026 UWM fails to submit revised bid for Two Harbors, seller says Google listing ads raise questions about IDX licensing The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.

**The 43,000-Vote Flip: Ballot Harvesting and the War Over Voter Rolls** In this hard-hitting segment, the hosts dissect the dramatic reversal in the Los Angeles mayoral primary race, where candidate Spencer Pratt's initial 40,000-vote lead over progressive Nithya Raman completely evaporated into a 43,000-vote swing days after election night. The commentary levels a critical gaze at California's highly opaque voting system, highlighting how a week-long mail-in ballot extension window and zero mandatory chain of custody over collected ballots open the door to widespread harvesting vulnerabilities within vulnerable populations. The monologue connects these localized election results to broader systemic clashes. Pointing to Judicial Watch's legal battle to scrub over 870,000 dead or relocated individuals from California's universal mail-in registry, the host details a multi-layered counteroffensive from the executive branch. This includes the White House Fraud Task Force stripping $250 million from the Los Angeles Homeless Services Authority for flagrant mismanagement, alongside a high-stakes legislative battle surrounding the SAVE Act to force comprehensive, federal-level voter roll compliance. Spencer Pratt, Nithya Raman, Karen Bass, Los Angeles election, Voter rolls, Ballot harvesting, Voter fraud, Judicial Watch, SAVE Act, LAHSA, HUD funding, Political commentary

We're talking about whether DC is in for a tax hike, we're talking about what's missing in some of the Trump administration's park makeovers, and we'll try to read the tea leaves about where DC candidates are planning their election night parties. Plus, in a members-only fourth segment, we'll get into the proposal to bring a giant homeless shelter to the HUD building.  Want some more DC news? Then make sure to sign up for our morning newsletter City Cast DC. You can text us or leave a voicemail at: (202) 642-2654. You can also become a member, with ad-free listening, for as little as $10 a month.  Learn more about the sponsors of this June 12th episode: Folger Shakespeare Library Mugsy Interested in advertising with City Cast? Find more info HERE.

Host Tara and co-host Lee react to a breaking Truth Social post from President Donald Trump announcing that the United States intends to take control of Iran's Kharg Island tonight. They debate the strategic choice behind broadcasting a military operation in advance, questioning if it serves as a piece of deception or tactical supremacy over the Strait of Hormuz. Turning to the home front, Tara highlights major domestic victories that are being overshadowed by Middle Eastern developments, detailing a massive systemic dismantling of illegal immigration and welfare systems, including the removal of four million people from SNAP benefits and a HUD housing audit uncovering widespread documentation loopholes. Kharg Island military operation, Trump foreign policy, Strait of Hormuz conflict, SNAP benefit fraud purge, HUD public housing audit, China proxy warfare, independent political commentary

At Summer Game Fest 2026 I went hands-on with Annapurna's lineup, and there's a lot to be excited about — starting with my most anticipated of the show, Silent Hill: Townfall.Townfall makes a bold move from third-person to first-person horror on Unreal Engine 5, with one-to-one scale, a CRT-style signal device, and a no-HUD design where your character's thoughts surface as on-screen text — and it looks gorgeous. Then The Lost Wild from Giant Ape flips the script on dinosaur games with an “anti-kill,” stealth-survival approach that treats dinosaurs as creatures rather than enemies, plus a supernatural twist. And Demi rounds it out as a cute, casual, Zelda-esque dungeon crawler.

On today's episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about existing home sales and the jump in first-time homebuyers. Related to this episode: Existing home sales beat estimates, what it signals for 2026 HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ More info about HousingWire The Top 5: HousingWire acquires Keeping Current Matters to deepen local data for agents Existing home sales beat estimates, what it signals for 2026 UWM sanctioned after judge orders Ishbia deposition Mortgage and real estate battle for the top of the funnel HUD pilots robotics-built housing and automated permitting The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.

Former Republican State Representative, JOE MITCHELL, won his primary race and will now face off against current Democratic State Representative, LINDSAY JAMES, in this November's general election for Iowa's 2nd Congressional District. SIMON and JOE discuss how his past experience as the youngest legislator ever in the Iowa House, as a regional director for HUD and as Chief of Staff at Federal Housing Financial Agency will help him if he wins & goes to Washington, DC. joemitchell.com

Greg Roberts has the Outdoor Report from Rogue Weather, Homelessness Expert Michelle Steeb explains the HUD homeless survey, down most places, still up in Oregon.

Sec. Scott Turner, former NFL player, former Texas State Rep, and Secretary of Housing and Urban Development, joined us on the Guy Benson Show today to discuss the record of failures from the Department of Housing and Urban Development to prevent homelessness and what he and the Trump administration are doing to bring results to the issue. Sec. Turner discussed why HUD is moving to a "merit based" system for providing funding, and why this system is meant to provide results to the homelessness issue. Listen to the full interview below! Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode, Lady Landlords founder, Becky Nova…breaks down new HUD guidance regarding Emotional Support Animals (ESAs) and what it could mean for landlords. She also discusses how this may impact landlord discretion around fees and deposits, and how to protect your rental business. Connect with Lady Landlords here to learn more about how we can help scale your portfolio: https://lady-landlords.com/pd-chat-with-becky===

This week, Jackie and Dunlap yell about: Trump's 250th USAnniversary Concert: We hope our old friend Young MC is doing okay. Plus Morris Day and the Time, Purple Rain, The Commodores, Vanilla Ice, Martina McBride, C&C Music Factory, Freedom Williams, and Milli Vanilli. Trump's White House Money Pit: the UFC stage, the billion-dollar ballroom, the arch, the corrupt and inept reflecting pool job. Trump's face to appear on new $250 bill Trump sics DOJ on E. Jean Carroll, election workers in Georgia, anyone who criticizes ICE on Reddit. Ken Paxton beats John Cornyn in Texas Ken Paxton is corrupt, barely beat impeachment, and is a pdffiles best bud. No wonder Trump likes him! John Cornyn is a spineless weasel. Ted Cruz also.  Stephen Miller is an ugly f*ck Stephen Miller mocks James Tallarico, the Democrats social media mocks Stephen Miller, Katie Miller pretends to take offense.  Plus cyanide bombs, new HUD policies weaken protections for disabled tenants who rely on service animals, SNAP cuts, munitions waste in Iran. Do we have a peace deal yet? Ain't we had like eight? You can help us out and get 20 Extra Minutes with Jackie and Dunlap plus a thank-you-kindly over at http://www.patreon.com/redstateupdate Art by Yoni Limor Photos by Robyn von Swank Music by William Sherry Jr. Follow us on Instagram, TikTok, Facebook, YouTube, BlueSky  

Jonathan De La Garza, known as "The HUD King," shares how he transitioned from waiter to real estate broker and HUD home specialist. He scaled his fix-and-flip business by focusing on HUD properties, leveraging virtual tours (nearly 2,000 filmed) and a streamlined digital-first approach. He emphasizes simplicity in HUD bidding, patience with limited inventory, and finding deep value in price-reduced government listings. He is now expanding into new construction while continuing HUD investing.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Kevin Jacobsen is the CEO of Foxen, a proptech company modernizing multifamily operations with value-add compliance and financial wellness solutions. A former investment banker and private equity professional, Kevin built his career working on technology M&A transactions, IPOs, and capital allocation before moving into operating roles at high-growth SaaS companies. He previously served as CEO of LogicGate and CFO at Kapow. At Foxen, Kevin leads a platform that has served approximately 3 million residential units across the country, offering renters insurance compliance, resident rent reporting, and pet compliance solutions to multifamily owners and operators.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways Around 40% of residents required to carry renters insurance don't have active coverage, creating real exposure for operators Without resident coverage, a claim defaults to the property policy, which can carry a $50,000 to $100,000+ deductible Renters pay 25 to 35% of after-tax income on rent but receive no credit benefit from on-time payments 85% of renters say they want rent reporting; only about 10% currently have access to it Proptech companies thrive by staying specialized rather than spreading thin across too many solutions When evaluating a deal or operator, trust is the primary filter: if something feels too good to be true, dig harder     Topics From Investment Banking to Multifamily Proptech Kevin started in investment banking after college, working on technology M&A, IPOs, and capital allocation He moved into private equity before finding his footing as an operator of high-growth technology companies He joined Foxen as CEO four years ago and has been focused on building the company's presence across the multifamily industry The Three Core Solutions Foxen Offers Renters insurance compliance ensures all residents maintain active coverage as required by their lease Rent reporting (branded as Rent Street) reports on-time rent payments to credit agencies so residents can build a credit profile Pet compliance manages documentation collection, emotional support animal verification, and HUD-related regulatory requirements The Renters Insurance Compliance Problem Roughly 40% of residents who are required to carry coverage do not have an active policy, either due to lapsed payments or intentional cancellation Property management teams have historically had no scalable way to track and enforce this in real time Foxen tracks compliance and gives residents a choice: maintain their own policy or enroll in a waiver program with no deductible exposure The Financial Wellness Gap in Rental Housing Mortgage payments are automatically reported to credit agencies; rent payments are not, leaving a major gap in the financial reporting ecosystem Renters pay a significant share of their income on rent and build no credit history from it California recently passed a law requiring property management companies to offer rent reporting; other states are evaluating similar legislation How Foxen Thinks About Product Growth There are approximately 50 million rental units in the US; Foxen has served roughly 3 million, signaling significant runway The company focuses on specialized, complex functions that property managers do not want to own in-house Clients increasingly want fewer vendors, not more, which creates a clear opportunity for companies that can deliver multiple services reliably through a single integration    

Front Row Classics is taking a look at one of the greatest entries in Paul Newman's filmography. Brandon and Emmett Stanton take a look at 1963's Hud. The movie provided Paul Newman with one of his most complex character portrayals. Brandon and Emmett also tackle how the movie was one of the eulogies of the classic Westerns moviegoers has come to know. The performances of Patricia Neal, Melvyn Douglas and Brandon DeWilde are also praised. 

In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week's episode, we discuss Tesla Semi, the 4680 battery cell, BMW iX3 price, Rivian R2 pickup, and more. Today's episode is sponsored by GM Energy. If you want to experience more resilience and control over your home energy, the GM Energy Home System adds stationary battery power for always-ready backup energy for your home, and the GM Energy PowerBank takes in energy from the grid and stores it for when you need it most. Learn more at gmenergy.gm.com We are also sponsored by NeuroHUD: Check out the NeuroHUD PRO featuring a true Tesla-focused HUD experience with navigation, blind-spot alerts, Autopilot status, and freely switchable display modes now on Kickstarter or Trantor Vision.com The show is live every Friday at 4 p.m. ET on Electrek's YouTube channel. As a reminder, we'll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in. After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps: Apple Podcasts Spotify Overcast Pocket Casts Castro RSS We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming. Here are a few of the articles that we will discuss during the podcast: Tesla's 4680 battery cells are underperforming and frustrating buyers Tesla Semi battery sizes confirmed: 822 kWh and 548 kWh officially revealed Tesla files new Roadster trademarks with unique badge ahead of launch Rivian (RIVN) CEO hints at R2 pickup and R2X variants as production ramps BMW opens 2027 iX3 preorders starting at $61,500 with up to 434 miles of range The Lexus TZ is a 3-row luxury EV SUV with 300 mi range, but it's missing something [Images] The new Chevy Bolt EV delivers nearly 300 miles of real-world range for under $30,000 Porsche Taycan Turbo GT with Manthey Kit sets 6:55 Nürburgring EV record BYD's flagship electric SUV secures 100,000+ orders in 2 weeks, and it costs under $40K Here's the live stream for today's episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET: https://www.youtube.com/live/NfEmmAoaY0Y

She wasn't catfished. She wasn't delusional. She fell in love... with an AI! And when that digital companion suddenly disappeared, the grief was real enough to take to a Buddhist temple for a memorial. This week, we dig into one of the strangest and most revealing stories yet about artificial intelligence, loneliness, and what happens when technology stops being a tool and starts feeling like a person. Beyond that, there's a packed slate of stories, from anti-trans policy changes at HUD and a historic Vatican meeting with the first female Archbishop of Canterbury, to slipping support for Trump among Utah's religious voters. We also cover a controversial school tracking system, a major Catholic abuse verdict, listener reactions to that deadly baptism story, and a final segment on the LDS Church suing the Mormon Stories podcast.

In this enlightening episode of John Solomon Reports, we continue our crucial discussion on the housing crisis that threatens the American dream. Kicking off the show, Congressman Marlon Stutzman joins us to explore the potential re-privatization of Feeney Mae and Freddie Mac, as well as other significant housing reforms that may be on the horizon. With mortgage rates poised to drop, we discuss how these changes could revitalize homeownership for younger generations, who are facing unprecedented challenges in the housing market.In the middle segment, we hear from former Fire Chief John Casale, who shares his poignant experiences about the struggles firefighters face in securing stable employment and housing in their communities. His insights highlight the broader impact of skyrocketing housing prices on essential workers who serve our communities.To conclude our episode, we welcome John Gibbs, former deputy HUD secretary under President Trump, who offers critical perspectives on the privatization of housing entities like Feeney and Freddie. Gibbs emphasizes the importance of a careful approach to ensure that reforms do not lead to unintended negative consequences.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.