Podcasts about Pikes Peak

In this Lessons in Success episode of So You Want to Be a Real Estate Agent, host Meredith Fogle sits down with Kera Baggot, a rising star in the Pikes Peak region of Colorado Springs, whose success story proves that extraordinary results come from consistent action, strong systems, and a willingness to grow through life's challenges.Kera shares the pivotal lessons that helped her transition from balancing two careers to taking the leap into real estate full-time. She opens up about navigating personal challenges while continuing to move her business forward, the role coaching has played in accelerating her growth, and the systems that keep her focused on the activities that matter most.Kera also reveals the mindset shift that helped her become comfortable on video, sharing the simple but powerful self-talk that transformed one of her biggest fears into one of her greatest business-building tools.

The path of the Automotive Enthusiast is one that is full of fun and excitement, but there are many traps and challenges that await you along the road. Those of us that have been building, tracking, or racing cars for years will tell you that those traps and challenges are how you learn and that finding your way through these trials is as much a part of being an enthusiast as having a perfect trouble-free day at the track.There is an argument out there that the less you know about what could go wrong, or how challenging a task may be, the easier it is to get excited about it, and the more likely you are to jump in head first to the challenge.Ignorance is Bliss as they say…I was having a conversation with Dewey about some of the recent issues that we ran into with our Pikes Peak car, specifically about how a very simple and cheap part caused a somewhat significant issue on our run up the mountain this year, and how frustrating it can be to work through these problems. He said that there has to be something like the Dunning-Kruger Effect that applies to Race Cars that related to what we were working through now, and which is something that most all of us who have frequently tracked our cars, or worked on or around a race team have run into.It was immediately clear that this was a broader conversation that we needed to have, and we decided to bring in Tony from Turn in Concepts to help us work through all of this, and hopefully gain a clearer perspective on why we push through all of this.I think that there is likely something in this conversation for anyone from a true novice that is just starting to think of taking their car to the track for the first time, through to someone like us that has been working around race cars for a while now, with full knowledge of what it takes to properly prep a car, and all that could go wrong when you are pushing a car at speed.I hope that you enjoy the conversation and Stay Tuned!

During the Tuesday, July 14th, 2026 edition of "KRDO's Afternoon News", Chris Moyer talked with Andrew Nutbohm, the Director of the Pikes Peak Regional Office of Emergency Management, about thunderstorm and lightning safety in the Pikes Peak Region.

During the Tuesday, July 14th, 2026 edition of "KRDO's Afternoon News", Chris Moyer talked with Andrew Nutbohm, the Director of the Pikes Peak Regional Office of Emergency Management, about thunderstorm and lightning safety in the Pikes Peak Region.

Driving up to 14,000 feet… one wrong turn would be a very bad day.This is Pikes Peak in Colorado… one of the highest drivable mountains in North America.The road climbs over 14,000 feet with more than 150 turns… and the higher you go, the thinner the air gets. What starts as a normal mountain drive slowly turns into something a little more intense and scary… tighter curves, steep drop-offs, but views that get bigger with every mile.By the time you reach the top, you're literally driving above the clouds.The views are worth it… but the drive is something you don't forget. Would you drive it. #PikesPeak #ColoradoTravel #VisitColorado #MountainAdventures#WheelsandWarbles

Find and follow Ernie here:Instagram: https://www.instagram.com/destroyer.racing.division/

A 12-mile road, 156 turns, and stretches with no guardrail is a different kind of “car review” of the human brain. We sit down with Pikes Peak Hill Climb driver Ben Ryan to hear what it's really like to aim a purpose-built monster at the summit and keep your eyes on the next apex instead of the thousand-foot drop beside you.Ben breaks down his journey from watching the mountain as a kid to finally earning a spot after years of applying, then going back again and again because nothing else compares. We get into the details of Big Bird, an unforgettable build that pairs a 1968 Plymouth Road Runner body with a NASCAR chassis and roughly 800 horsepower to the wheels. Ben explains how he manages focus at altitude, why course familiarity matters when corners blend together, and how tire development data can change everything when you're pushing hard on a narrow mountain road.After the hill climb, we pivot to the headlines drivers see every week. Jeff's Motor Minute digs into Ford reliability news, JD Power initial quality rankings, and why “award” stories can look very different next to recall reports. Don also reviews the all-new 2026 Subaru Trailseeker EV, covering design, cabin tech, real-world charging habits, Apple CarPlay and Android Auto, range expectations, and where it sits against electric SUV competitors.Subscribe for more real car talk, share this with a friend who loves motorsports or EVs, and leave a review so more listeners can find us. What's the most extreme drive you'd try, Pikes Peak or an EV road trip?Be sure to subscribe for more In Wheel Time Car Talk! Gulf Coast Auto ShieldPaint protection, tint, and more!The Lupe' Tortilla RestaurantsLupe Tortilla in Katy, TexasDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.----  ----- Want more In Wheel Time car talk any time?     In Wheel Time is now available on Audacy!  Just go to Audacy.com/InWheelTime where ever you are.-----   -----Be sure to subscribe on your favorite podcast provider for the next episode of In Wheel Time Podcast and check out our live multiplatform broadcast every Saturday, 10a - 12nCT simulcasting on Audacy, YouTube, Facebook, Twitter, Twitch and InWheelTime.com.In Wheel Time Podcast can be heard on you mobile device from providers such as:Apple Podcasts, Amazon Music Podcast, Spotify, SiriusXM Podcast, iHeartRadio podcast, TuneIn + Alexa, Podcast Addict, Castro, Castbox, YouTube Podcast and more on your mobile device.Follow InWheelTime.com for the latest updates!Twitter: https://twitter.com/InWheelTimeInstagram: https://www.instagram.com/inwheeltime/https://www.youtube.com/inwheeltimehttps://www.Facebook.com/InWheelTimeFor more information about In Wheel Time Podcast, email us at info@inwheeltime.com

Mike Kojima is someone that needs no introduction because of the notoriety that he has from his roll at Sport Compact Car magazine, and more recently MotoIQ.Mike was at Pikes Peak this year with the Evasive Motorsports Ioniq 5 N and our paths crossed and I was able to get him to come on and have a chat on the Podcast!In this episode, we talk about what it was like working with the Hyundai Ioniq 5 N, and how it compared to some of the earlier cars that he helped get ready to run up Pikes Peak.We also talk about Subaru, what he likes about the EJ and FA engines, and what needs attention.We also talk about how the STI stacks up compared to an EVO, and what might be coming out from Subaru in the not too distant future.I hope you enjoy the conversation and Stay Tuned!We mention a couple of videos that Mike has made about Subaru on his MotoIQ channel, and here are links to them:EJ vs FA engines:https://youtu.be/AU9U9JCCwqo?si=1uGLY7Z01_6tR3CrHow to build a Subaru that won't blow up:https://youtu.be/cRr2pc9ctgE?si=EVkG7V7y772-c7N0Why Subaru engines blow up:https://youtu.be/ZrnHrNla17o?si=6dU4Aat3FcGb4lcw

This week on Stacking Pennies, Skip is back from California and the boys are talking about the racing that actually feels alive right now.SVG wins again at Sonoma, which sends Corey and Skip into a full V8 Supercars breakdown: why Shane van Gisbergen looks so different, what NASCAR can learn from Supercars, and whether more drivers from Australia and New Zealand could be coming next.Then the guys get into why F1 feels stale, why NHRA knows exactly who it is, Maddi Gordon's first Top Fuel win, Bozi's Lexus team getting IMSA flowers, road course pit stops, Pikes Peak chaos, and World Cup fans discovering America.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Our good friend Brian Elich is back on the show, and we're catching up the only way we know how—talking cars and bad financial decisions. This time around we get into trade-ins, specifically whether it actually makes sense to de-tune your car before handing over the keys. The answer? It depends… and probably not how you'd hope. Brian's been busy since the last time he was on, so we run through his latest additions (none of them boring, obviously), and then jump into what's happening in the market right now. We talk about the slow death of the V10—and why it's probably not coming back—plus Corvette casually smashing the Pikes Peak production record with the ZR1X. We also get into the totally-not-controversial Nitro Circus America situation, relive some of the worst mods we've ever done, and talk about how we somehow ended up loving cars we don't even want to touch anymore. The Avants Podcast is brought to you by our friends at STEK USA and Carter Seattle! Not an Avants member? https://www.avants.com/member-plans  Leave us a review on Apple Podcasts!  Leave us a voicemail or send us a text any time at 425-298-7873! We're doing give aways! Leave us a review on Apple Podcasts and we'll pick a random name every 25th review!  

The world's second oldest continuous auto race is primed to run up Pikes Peak again this year. Jim Miller and I attend PPIHC Fan Fest, the massive motorsports street festival featuring the best of the Pikes Peak Hill Climb and give you our thoughts on this year's race. I interview rookie Pikes Peak Driver Rob Wilmoth about his first run up the peak and more. Jim Miller also discusses how to handle insurance when your classic JDM car is wrecked. That and more on this edition of the show! Whether you enjoy wrenching on cars, optimizing performance, or just want to understand what's going under the hood, this is the car show that talks about everything with four wheels and then some! Wash Your Car with The BEST from Chemical Guys while Supporting The Show On The Radio in Colorado: AM1460 & FM101.1 The Answer — LIVE Sat 2pm, Sun 9am & 6pm • 100.7 The Word — Sat 7pm • 91.7 KLZR — Sat 10:30am Stream live On The Radio! Join the community on Facebook! ️ Support SEMA's Work #automotive #carpodcast #cars #pikespeakhillclimb #pikespeakinternationalhillclimb #racing #motorsports #jdm #ae86 #motoring #jimmyford Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The road to the top of Pikes Peak looks beautiful right up until you imagine missing a corner. We call Richard Tomlin from the mountain to get a real-time look at what it takes to compete at the Pikes Peak International Hill Climb when the sun is brutal, the air is thin, and even cell service feels like it's fighting you. Richard walks us through a huge milestone for Apex Auto Works: the ApexOSET Miata based build qualifying in the Fast 15, plus the very different challenge of keeping “Big Bird” a 1968 Plymouth Road Runner, happy with carburetor tuning across massive elevation changes. We also dig into the heart of this year's story, a Plymouth Road Runner with deep family history that gets transformed for the mountain with NASCAR-derived hardware underneath, while still carrying the little details that make it a true legacy car. From there we talk race day reality: staging cars, camping, beating the crowds on the one road in and out, and why so many drivers use onboard oxygen to stay sharp at 14,000 feet. We also share where to watch the live coverage on Racer TV, then shift gears into our racing calendar, quick hits from automotive history, and a can't-believe-it story about a thief using a Waymo robotaxi as a getaway while police come up empty. If you love hill climb racing, grassroots engineering, classic muscle cars with modern race tech, and the weird edges of self-driving car privacy, hit play, then subscribe, share this with a car friend, and leave us a review.Be sure to subscribe for more In Wheel Time Car Talk!The Lupe' Tortilla RestaurantsLupe Tortilla in Katy, Texas Gulf Coast Auto ShieldPaint protection, tint, and more!Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.----  ----- Want more In Wheel Time car talk any time?     In Wheel Time is now available on Audacy!  Just go to Audacy.com/InWheelTime where ever you are.-----   -----Be sure to subscribe on your favorite podcast provider for the next episode of In Wheel Time Podcast and check out our live multiplatform broadcast every Saturday, 10a - 12nCT simulcasting on Audacy, YouTube, Facebook, Twitter, Twitch and InWheelTime.com.In Wheel Time Podcast can be heard on you mobile device from providers such as:Apple Podcasts, Amazon Music Podcast, Spotify, SiriusXM Podcast, iHeartRadio podcast, TuneIn + Alexa, Podcast Addict, Castro, Castbox, YouTube Podcast and more on your mobile device.Follow InWheelTime.com for the latest updates!Twitter: https://twitter.com/InWheelTimeInstagram: https://www.instagram.com/inwheeltime/https://www.youtube.com/inwheeltimehttps://www.Facebook.com/InWheelTimeFor more information about In Wheel Time Podcast, email us at info@inwheeltime.com

What is the secret behind America's greatness — and can a song written on a mountaintop really hold the answer? Jim Scudder takes you on a journey from Pikes Peak to explore how America's founding ideals connect to something deeper than history books reveal.

Should a Christian be patriotic, or does faith call you to something bigger than any flag? Jim Scudder opens a brand-new episode on what Scripture says about government and authority, plus the story behind the anthem written on Pikes Peak.

Mt. McKinley.  Mt. Ranier.   Pikes Peak.  They are some of the tallest mountains in the United States.  But this peak may be better known, yet...

Welcome to our motorsports podcast where we discuss F1, IndyCar, IMSA, NASCAR, our own racing adventures, and some other adventures!Lewis Hamilton remembers who he is and takes his first win for Ferrari! Although Kimi Antonelli DNF'd, he still seems to have the psychological advantage over George Russell as he caught and passed him just before retiring from the race.Toyota take a hard fought win at Le Mans after Ferrari had dominated the past three years. Cadillac and BMW gave it their all but they came up just short. An impressive 7 Hypercars finished on the lead lap after 24 hours which show just how incredibly reliable this field has become! Inter Europol took a 1-2 finish in the LMP2 class and TF Sport with Ben Keating at the helm took the win in LMGT3.Denny Hamlin took the win in Pocono for the Cup series.Coming up this weekend: NASCAR is in San Diego, IndyCar is at Road America, MotoGP is at Brno, Pikes Peak is happening, and SuperGT is at Malaysia.

Chances are listeners know someone with dementia, struggle with it themselves, or are concerned they will experience memory and motor loss in the future. The Alzheimer's Association is a go-to source for not just Alzheimer's but also learning about all dementias. It is helpful to know there are differences in dementia and there are actions we can take to help ourselves diminish the chances of getting dementia and to be better prepared if dementia does find its way into our lives. Brain Health in the workforce is the latest effort by the Alzheimer's Association to empower people towards a healthy future. RoseMary Jaramillo, Alzheimer's Association SE Colorado Director, shares current best practice ideas. Learn more at:Alzheimer's Association Colorado Chapter: https://www.alz.org/coAging with Altitude is recorded in the Pikes Peak region with a focus on topics of aging interest across the country. We talk about both the everyday and novel needs and approaches to age with altitude – whether you're in Ft. Lauderdale, Florida or Leadville, Colorado. The Pikes Peak Area Agency on Aging is the producer. Melissa Marts with the Area Agency on Aging is our moderator.Learn more at: https://ppacg.org/pikes-peak-area-agency-on-agingOr call 719-471-2096INSERT GUEST WEBSITE HEREBEACON Senior News is a proud sponsor/partner for this podcast. BEACON Senior News empowers Colorado seniors with inspiring local stories, timely coverage of senior issues, health and travel features, retirement and financial guidance, senior expos and local resources — all presented in a fun, engaging way that helps older adults lead happier, healthier lives. Catch all the news at: https://www.beaconseniornews.com/

Jeff discusses the tremendous economic news which will boost business in the Pikes Peak region. He also talks with Johnna Reeder Kleymeyer from the Colorado Springs Chamber of Commerce and Economic development about that and more on this edition of Crosswalk Colorado Springs.See omnystudio.com/listener for privacy information.

Meet The Table – a gathering of Christian entrepreneurs that are trying to make an eternal, and kingdom of heaven impact in the Pikes Peak region!See omnystudio.com/listener for privacy information.

Preachers and Preaching introduces Pastor Greg Lindsey of Discovery Church. Hear about Discovery, COS City Hub, and serving children and families in the Pikes Peak region.See omnystudio.com/listener for privacy information.

A Pikes Peak build is never just a build, it's a deadline, a weather gamble, and a test of whether your team can stay calm when everything tries to break at once. We catch up with Richard Tomlin from Apex Auto Works in Alvin, Texas, with the clock ticking two weeks out from the Pikes Peak International Hill Climb. He walks us through the Apexoset, a Miata-based monster that keeps key Miata geometry and components but drops weight hard and runs a custom LS7-based setup making over 600 horsepower at the wheels. After taking a year off, the car returns with serious aero work, underbody tunnels, plus ABS and traction control, all aimed at cracking the top ten in a class where the rules reward power-to-weight and smart execution.Then there's Big Bird: a 1968 Plymouth Road Runner already in Colorado with a 2015 NASCAR engine that's loud, rowdy, and still sorting teething issues like a “puked” transmission and carb problems. We dig into what a dog box transmission is, why downshifts at Pikes Peak are a different kind of risk, and how a small Texas shop competes when other teams show up with one-car budgets in the millions. If you've ever wondered what grassroots motorsports looks like when it's pointed at a mountain, this is the candid version.We also hit quick racing news with a Motor Minute on the Formula 1 Canadian Grand Prix groundhog collision and what it says about wildlife safety on track. Finally, Don brings an honest 2025 Land Rover Range Rover review, covering design, interior quality, third-row reality, start-stop frustration, real-world mpg, and the six-figure price tag against competitors like the Lexus LX and Escalade. Subscribe for more real car talk, share this with a racing friend, and leave a review, what would you take up Pikes Peak if you had one shot?Be sure to subscribe for more In Wheel Time Car Talk!The Lupe' Tortilla RestaurantsLupe Tortilla in Katy, Texas Gulf Coast Auto ShieldPaint protection, tint, and more!Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.----  ----- Want more In Wheel Time car talk any time?     In Wheel Time is now available on Audacy!  Just go to Audacy.com/InWheelTime where ever you are.-----   -----Be sure to subscribe on your favorite podcast provider for the next episode of In Wheel Time Podcast and check out our live multiplatform broadcast every Saturday, 10a - 12nCT simulcasting on Audacy, YouTube, Facebook, Twitter, Twitch and InWheelTime.com.In Wheel Time Podcast can be heard on you mobile device from providers such as:Apple Podcasts, Amazon Music Podcast, Spotify, SiriusXM Podcast, iHeartRadio podcast, TuneIn + Alexa, Podcast Addict, Castro, Castbox, YouTube Podcast and more on your mobile device.Follow InWheelTime.com for the latest updates!Twitter: https://twitter.com/InWheelTimeInstagram: https://www.instagram.com/inwheeltime/https://www.youtube.com/inwheeltimehttps://www.Facebook.com/InWheelTimeFor more information about In Wheel Time Podcast, email us at info@inwheeltime.com

Need to know where to take items like metals and electronics? Look to Colorado Industrial Recycling and ITAD Electronics for your needs. These businesses help make our region more sustainable and resilient by recycling challenging items.Want your business to be more resilient? Check out the Colorado Green Business Network! They offer free information and assistance to help your business to reduce energy, water and waste, save money, and thrive.Host Mary Barber welcomes Bryan Valentine of ITAD Electronics Recyclers, Andy O'Riley of Colorado Industrial Recycling, and Konrad Schlarbaum of the Colorado Green Business Network for this May/June Sustainability in Progress discussion.LINKS:ITAD Electronics Recyclers: https://www.ierpro.comColorado Industrial Recycling, Inc: https://www.coloradoindustrialrecycling.comColorado Green Business Network: https://cdphe.colorado.gov/dehs/sustainability/cgbnSustainability in Progress is a program of the Peak Alliance for a Sustainable Future.The mission of Peak Alliance for a Sustainable Future is to promote regional sustainability and advance the Pikes Peak region's 2030 Sustainability Plan (PPR2030) https://peakallianceco.org/rsp/ through regional collaboration and outreach. Connect with us at https://peakallianceco.orgThe following environment/sustainability organizations in the Pikes Peak region collaborate to produce the Peak Environment podcast about environmental stewardship, sustainable living and enlightened public policy in the Pikes Peak Region.Peak Alliance for a Sustainable Future https://peakallianceco.org/Pikes Peak Permaculture https://www.pikespeakpermaculture.org/350 Colorado Springs https://350colorado.org/colorado-springs/GrowthBusters https://www.growthbusters.orgKeep up with all the organizations and events making our area a better place to live. Follow on your favorite podcast app so you don't miss an episode.

This #Bisimoto Tech2sDay show we talked about the @caretakerscollection #NioEP9 at the recent @velocityinvitational race in the #SonomaRaceway, Pikes Peak cars, #SEMA2026, Odyssey talk, the upcoming #MontereyCarWeek and more. Enjoy!

This episode of The Backwoods Cryptid Road Trip pulls into Colorado, the highest state in the union, for a deep look at one of the strangest contrasts in American cryptid lore. We open with the Slide-Rock Bolter, an absurd creature from the lumber camp folklore of the early nineteen-hundreds, first documented by Minnesota state forester William T. Cox in his nineteen ten book Fearsome Creatures of the Lumberwoods. We trace the Bolter back to its origins in the Fearsome Critters tradition, the body of tall tales that working men in American logging camps invented to entertain themselves, haze new arrivals, and put a face on the genuine dangers of life in the timber.From there, we walk through the broader folklore of the Colorado high country, including the Cornish Tommyknockers brought to the silver camps by immigrant miners in the late eighteen-hundreds, and the older Indigenous traditions of giant or hairy beings in the mountains that predate any of the European arrivals. The second half of the episode shifts from folklore into testimony, exploring the long record of wild man and Sasquatch encounter reports that have come out of the Colorado backcountry from the late eighteen-hundreds to the present day.We cover historical newspaper accounts from the central Rockies, the San Juans, Pikes Peak country, the Wet Mountains, and the Sangre de Cristos, and we move into the modern record with a series of encounter stories drawn from the broader Colorado field, including reports from the Weminuche Wilderness, the Flat Tops, the country around Mount Sopris, the Pagosa Springs area, the mining ghost towns of the San Juans, and the high passes above the San Luis Valley. The episode examines the recurring patterns that show up in the Colorado record, including elevation clusters, water corridors, the strange quality of silence that witnesses describe right before and after an encounter, the consistent pattern of avoidance behavior in the creatures themselves, and the credibility profile of the witnesses, who are overwhelmingly hunters, backpackers, rangers, ranchers, and other people with deep experience in the country they were standing in when the encounter occurred.Along the way we discuss the cultural function of folklore in dangerous places, the ways that men in mining and lumber camps used invented monsters to talk about real risks like rockslides and cave-ins, and the long, often unspoken thread of testimony from people who have walked off the Colorado high country carrying something they were never quite able to put down.Have you experienced a Bigfoot sighting, Sasquatch encounter, Dogman experience, UFO sighting, or any unexplained cryptid or paranormal event deep in the woods? We want to hear your story.Email your encounter to brian@paranormalworldproductions.com for a chance to be featured on a future episode of Backwoods Bigfoot Stories.Backwoods Bigfoot Stories is a paranormal storytelling podcast featuring real Bigfoot encounters, Sasquatch sightings, Dogman reports, cryptid experiences, and true scary stories from the backwoods.Follow the show and turn on automatic downloads so you never miss a chilling encounter from the forest. Listen with the lights off… if you dare.

The new soul food restaurant at the Citadel Mall is on the western side of the mall.

What makes America truly great—its mountains, canyons, redwoods, or something far deeper? Today on InGrace, Jim Scudder takes his grandkids on an unforgettable westward adventure from Pikes Peak to the Golden Gate Bridge, revealing the spiritual heritage that crowns our nation's beauty and freedom.

What does it take to engineer a machine capable of dominating asphalt, gravel, rally stages, hill climbs and off-road terrain?In this episode of EPARTRADE's Race Industry Now, Stryker Race Cars Co-Founders John Annunziata and Cole Powelson take viewers deep inside the engineering philosophy, drivetrain strategy and motorsports experience behind the Stryker platform.From Pikes Peak inspiration to advanced AWD integration, lightweight chassis engineering and a competition-proven Rotax turbocharged powertrain, this episode explores how Stryker Race Cars is redefining the modern multi-purpose performance vehicle.Topics covered include:• AWD and rear-wheel-drive switchable performance• Rally and off-road chassis engineering• Rotax turbocharged 3-cylinder engine technology• 7-speed dual-clutch transmission integration• Baja 1000 and King of the Hammers durability insights• Pikes Peak development influence• Lightweight vehicle dynamics and driver engagement• Multi-surface motorsports engineering philosophyFeaturing:John Annunziata – Co-Founder, Stryker Race CarsCole Powelson – Co-Founder, Stryker Race CarsHosted by Brad Gillie from SiriusXM, Ch. 90, Late Shift.

This week on The Whiskey Trip Podcast, Big Chief rides into the shadow of Pikes Peak to sit down with Paul Dunning from 13th Century Whiskey in beautiful Colorado Springs.   Paul has built something truly unique in the whiskey world — a brand where every bottle is part of the experience. Each handcrafted release features a blown glass figure inside, from copper stills and aging barrels to incredible wildlife designs, making these bottles true shelf pieces and instant conversation starters.   Crafted at the base of Pikes Peak, 13th Century Whiskey ages its spirits in small 30-gallon barrels, creating bold cask-strength pours packed with flavor while remaining remarkably smooth.   Big Chief kicks things off with the Reserve Rye at 143 proof — unfiltered and unapologetic. Dark caramel, black pepper, baking spice, and toasted oak explode from the glass before finishing with a long warming spice.   He then moves to the Reserve Bourbon at 142.2 proof to close out the first half. Vanilla bean, maple syrup, dark cherry, and caramelized sugar coat the palate with a rich oily mouthfeel that drinks far smoother than the proof suggests.   On the second half, Big Chief pours the Cigar Blend — a toasted barrel-finished bourbon at 141 proof — and immediately gets transported back to childhood campfires and s'mores. Toasted marshmallow, graham cracker, melted chocolate, espresso, and charred oak create one unforgettable pour.   To finish the ride, Big Chief pours their American Single Malt at 134.4 proof, which quickly became the star of the show. Honey, toasted malt, dark fruit, chocolate-covered raisins, and subtle smoke deliver a rich and balanced finish that refused to quit.   Throughout the episode, Paul shares the story behind building 13th Century Whiskey, the inspiration behind the unforgettable bottles, and the passion required to stand apart in today's whiskey world.   Take the Ride. Cheers.

Epic rides, unforgettable stories, and a look inside one of Colorado Springs' most iconic outdoor adventure companies.Outback Jake and the Flying Scotsman from Adventures Out West talk biking adventures around the Pikes Peak region and the story behind the longtime local family business. Founded in 1973 by native Coloradans Bruce and Patty Wellens and now run by their son Greg Wellens since 2003, Adventures Out West has become a Colorado Springs adventure staple.From guided bike rides and jeep tours to Segways, zip lines, and hot air balloon rides, this episode explores the many ways Adventures Out West helps visitors and locals experience the beauty and excitement of the region. If you love outdoor adventure and discovering what makes Colorado Springs special, this episode is for you.Host: Torie Giffin, Owner Buffalo Lodge Bicycle ResortGuests:Outback Jake, Adventures Out West Ride GuideThe Flying Scotsman, Adventures Out West Ride GuideMentions and Links to show topics: Adventures Out West https://advoutwest.com/Buffalo Lodge Bicycle Resort https://www.bicycleresort.com/Garden of the Gods https://gardenofgods.com/Gold Camp Road https://www.alltrails.com/trail/us/colorado/gold-camp-roadManitou Springs https://manitousprings.org/Pikes Peak America's Mountain https://coloradosprings.gov/plan-your-visit-pikes-peak-americas-mountainPedal the Springs is produced and presented by the Buffalo Lodge Bicycle Resort, the only bicycle-themed lodging and must-stay for cyclists coming to Colorado. Check us out at https://www.bicycleresort.com for more information.Episodes are recorded in the Studio 809 Podcasts community podcast studio at The Next Us. https://thenextus.spaces.nexudus.com/?public&Find other great podcasts produced in and for the Pikes Peak Region - at https://studio809podcasts.comDon't miss an episode of Pedal the Springs. Follow on your favorite podcast app.

Colorado Springs is becoming one of the premier cycling destinations in the country—and this summer, the race calendar proves it.From gravel grinders and mountain bike showdowns to grassroots community races and world-class competition, we're talking with the organizers behind the biggest cycling events hitting the Pikes Peak region this season.Host: Torie Giffin, Owner Buffalo Lodge Bicycle ResortGuests:Jayson Middlemiss, Race organizer of Wednesday Worlds and Rampart RagerDaniel Matheny, Coach with Matheny Endurance and local Race and Course Director Mica Rice, Executive Director of the Pikes Peak APEXMentions and Links to show topics: Andy Bohlmann, Katie Compton, Russell Finsterwald, Griffin Hoppin, Deanna Mayles, LeRoy Popowski, Alex Snyder, Dave TowleThe Bear: https://rattlerracing.com/event/the-bear/Buffalo Lodge Bicycle Resort: https://www.bicycleresort.com/Colorado State HS Cycling League: https://coloradomtb.org/COS Racing: https://cosracing.wildapricot.org/Criterium Bike Shop: https://www.criterium.com/EF Pro Cycling: https://www.efprocycling.com/partners/cannondale/El Pomar Foundation: https://www.elpomar.org/Fandango: https://rattlerracing.com/event/fangdango/Flow Formulas: https://flowformulas.com/Grassroots Gravel: https://www.grassrootsgravel.com/Highlands Ranch Mountain Bike Series: https://hrcaonline.org/Activities/Race-Series/Mountain-Bike-SeriesMatheny Endurance Coaching: http://mathenyendurance.com/Medicine Wheel Trail Advocates: https://medwheel.org/Penrose House: https://www.elpomar.org/penrose-house/Pikes Peak Apex: http://pikespeakapex.com/Pikes Peak Outdoor Recreation Alliance: https://ppora.org/Rampart Rager: http://rampartragergravel.com/Rockshox: https://www.sram.com/en/rockshoxRocky Mountain Field Institute: https://www.rmfi.org/Scheels Colorado Springs: https://www.scheels.com/store/colorado-springs/022/?srsltid=AfmBOorgU4IWLo4TC8uKttvMB3HhyK0_cBKXH2SODw6QKpF7f9sxBf63SOCO Velo: https://socovelo.com/The Sports Corp: https://www.coloradospringssports.org/Toyota of Colorado Springs: https://www.toyotaofcoloradosprings.com/Trails and Open Spaces Coalition: https://trailsandopenspaces.org/Unbound Gravel: https://www.unboundgravel.com/Wednesday Worlds: https://www.getoffmywheel.com/wednesday-worlds-mtb-series/Pedal the Springs is produced and presented by the Buffalo Lodge Bicycle Resort, the only bicycle-themed lodging and must-stay for cyclists coming to Colorado. Check us out at https://www.bicycleresort.com for more information.Episodes are recorded in the Studio 809 Podcasts community podcast studio at The Next Us. https://thenextus.spaces.nexudus.com/?public&Find other great podcasts produced in and for the Pikes Peak Region - at https://studio809podcasts.comDon't miss an episode of Pedal the Springs. Follow on your favorite podcast app.

Wildfire seasons are intensifying, but what if the very fuels driving these fires could become part of the solution? In this episode, firefighter and regenerative farmer Will Vogl, Douglas County Environmental Inspections Supervisor Jared Tanaka, and Pikes Peak Permaculture's Becky Elder and Ally Richardson explore the growing role of biochar in building climate resilience.Douglas County's new biochar facility is projected to be complete in 2026 and is poised to benefit not only its own community but neighboring counties as well. It offers a forward‑looking model for land management and wildfire mitigation along the Front Range, reminding us that wildfires do not stop at county lines.Mentioned in this episode: Douglas County Biochar Facility Open House Discussion: https://www.youtube.com/watch?v=T32CCRhMLyc&t=3146sDouglas County residents can dispose of “Green Yard Waste” at the County's Slash/Mulch site at 5675 Delva Way in Sedalia. This is a NEW location for the 2026 season. https://www.douglasco.gov/public-works/green-yard-waste/Black Forest Slash and Mulch Program for El Paso County residents: https://communityresources.elpasoco.com/environmental-division/black-forest-slash-mulch/Vogl Homestead Regenerative Farm in El Paso County, Colorado: https://www.facebook.com/VoglHomesteadFarming/Complete Solutions. Biochar Funding Company for feedstock handing equipment, chippers and grinders: https://csc-int.ca/Wilson Biochar, LLC. Ring of Fire Kiln which can be assembled in field: https://wilsonbiochar.com/Pueblo's SUN SOIL WATER SUMMIT Keynote Speaker John Christenson of Native Lumber: https://pueblofoodproject.org/sunsoilwater/Pikes Peak Permaculture's Upcoming Events: May 3rd, Tending Points of Light in the “Long Dark” with Carolyn Baker. Sign-up here: https://pikespeakpermaculture.org/event/tending-points-of-light-in-the-long-dark-with-carolyn-baker/MeadowGrass Festival May 22nd through May 24th https://www.eventbrite.com/e/17th-annual-meadowgrass-music-festival-tickets-1977435259091?aff=oddtdtcreatorEarth School for 2026/2027. Currently enrolling for our homeschool enrichment program beginning this August, tuition FREE for ages 9-13. Find out more about this program here: https://pikespeakpermaculture.org/ppp-earth-school/Help us fund a living classroom to be built this summer, where we will grow a more resilient community. Donations include access to our summer permaculture‑in‑action tours. https://pikespeakpermaculture.org/donations/This episode is brought to you by Pikes Peak Permaculture, a 501(c)(3) nonprofit dedicated to teaching the ethics and principles of permaculture design in Southern Colorado. Permaculture is all about working with nature rather than against, to regenerate land, water, and food systems, and build resilient communities for generations to come. Learn more about their work with schools, organizations, and community members at pikespeakpermaculture.orgThe following environment/sustainability organizations in the Pikes Peak region collaborate to produce the Peak Environment podcast about environmental stewardship, sustainable living and enlightened public policy in the Pikes Peak Region.Peak Alliance for a Sustainable Future https://peakallianceco.org/Pikes Peak Permaculture https://www.pikespeakpermaculture.org/350 Colorado Springs: https://350colorado.org/GrowthBusters: https://www.growthbusters.orgKeep up with all the organizations and events making our area a better place to live. Follow on your favorite podcast app so you don't miss an episode.

In December 2006, elite endurance athlete Danelle Ballengee slipped on black ice near Moab, Utah, fell 60 feet, and shattered her pelvis while unknowingly bleeding internally. With only eight ounces of water, two energy gels, and a shower cap, she crawled a quarter mile in five hours, then endured roughly 52 hours in a freezing canyon, rationing snowmelt, doing crunches for warmth, and developing severe frostbite while unable to signal for help. Her dog Taz repeatedly ran the five miles to the trailhead and back until search and rescue followed him to her just before dark on the third day, leading to an airlift, major surgery, and a remarkable recovery. Ballengee later walked and raced again, and renamed the area Taz Canyon in her dog's honor. 00:00 Welcome to Crux 00:28 Cold Open Crisis 01:48 Meet Danelle 04:05 Trailhead Routine 05:51 Black Ice Fall 08:42 Crawling for Survival 10:41 Night One Decisions 12:48 Realizing She Needs Rescue 14:21 Missing Person Alarm 16:03 Second Night Breaking Point 17:57 Search Team Mobilizes 19:57 Taz Leads Them In 22:38 Rescue and Airlift 24:18 Why Taz Left 26:29 Surgery and Recovery 28:56 Aftermath and Reflection 31:15 Closing and Call to Action   Listen AD FREE: Support our podcast at patreaon: http://patreon.com/TheCruxTrueSurvivalPodcast Email us! thecruxsurvival@gmail.com Instagram https://www.instagram.com/thecruxpodcast/ Get schooled by Julie in outdoor wilderness medicine! https://www.headwatersfieldmedicine.com/ References – Crux Podcast: Danelle Ballengee Episode ESPN – "Dog Comes to Racer's Rescue" (December 2006) Primary news report from just after the rescue, including quotes from Marshall and details on her athletic record. https://www.espn.com/outdoors/general/news/story?id=2704879 Summit Daily – "Miracle in Moab: The Stunning Rescue of Danelle Ballengee" (December 2006) Detailed account of the search and rescue operation, Dorothy Rossignol, and John Marshall's quotes. https://www.summitdaily.com/news/miracle-in-moab-the-stunning-rescue-of-danelle-ballengee/ Snowshoe Magazine – "Screams of Pain: The Danelle Ballengee Story" First-person account written by Ballengee herself. Confirms Taz's full name (Tasman) and details of the fall. https://www.snowshoemag.com/screams-of-pain-the-danelle-ballengee-story/ Triathlete Magazine – "The Ultimate Test of Endurance" Covers her survival tactics, the shower cap, the puddle, crunches, and the Taz Canyon naming. https://www.triathlete.com/culture/ultimate-test-endurance/ Deseret News – "About Utah: Near-Fatal Fall on Moab Trail Changes Runner Danelle 'Nellie' Ballengee's Life" (2012) Confirms Sports Illustrated 2003 quote, Pikes Peak wins, Primal Quest wins, Milt's diner ownership (BC Laprade), and Taz's Canyon. https://www.deseret.com/2012/4/2/20404197/about-utah-near-fatal-fall-on-moab-trail-changes-runner-danelle-nellie-ballengee-s-life/ iRunFar – "Danelle Ballengee and the Art of Suffering" (Interview) Direct interview with Ballengee covering her athletic career, the accident, and life afterward. https://www.irunfar.com/danelle-ballengee-and-the-art-of-suffering-an-interview-with-a-mountain-legend Colorado Running Hall of Fame – Danelle Ballengee Profile Confirms athletic stats: four Pikes Peak wins, three Primal Quest wins, six Athlete of the Year awards. https://corunninghalloffame.com/2013/01/31/danelle-ballengee/ Endurance Town – "Faces Behind the Races: Danelle Ballengee" Confirms kinesiology/biology degree from CU Boulder, coaching since 1993, and 50+ events organized. https://endurancetownusa.com/faces-behind-the-races-featuring-danelle-ballengee/ Colorado Triathlete – "Documentary Portrays Danelle Ballengee's Extraordinary Tale of Survival" (2010) Confirms the I Shouldn't Be Alive episode and the 52-hour rescue timeline. https://coloradotriathlete.com/documentary-portrays-danelle-ballengees-extraordinary-tale-of-survival/ IMDb – I Shouldn't Be Alive, Season 3, Episode 1: "Trapped in the Canyon" (2010) Confirms rescuer name as Bego Gerhart (note: not "Beo" as written in the script — worth correcting). https://www.imdb.com/title/tt1575882/ Backpacker Magazine – "Profiles in (Dis)Courage: Danelle Ballengee" Additional survival account details. https://www.backpacker.com/survival/profiles-in-dis-courage-danelle-ballengee/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jeff talks to Joe and Connie Broussard and Chris Schultz about strengthening marriages in the Pikes Peak region. https://www.reengage.org/See omnystudio.com/listener for privacy information.

Another long rambling dissertation for GripWax Nation!

Ray Evernham joins Stacking Pennies to talk IROC, pit crews, Hendrick, elite drivers, Pikes Peak, and the racing memory he'd keep forever. Corey and Skip dig into how Ray helped shape modern racing, what the sport has lost, and why he's still building new things now.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Send us Fan MailThe NCAA doesn't last forever, but the hunger to train, compete, and belong to a team doesn't magically disappear at graduation. That's where Grace Strongman is right now: a Colorado School of Mines standout, a materials engineer, and one of the newest additions to Trail Team Elite, stepping into trail racing with equal parts confidence and curiosity.We trace Grace's story from growing up in Kansas City in an all-sports household to discovering cross country in high school, nearly quitting on day one, and then getting pulled in by the people around her. She explains how coaches shape identity, why the running community matters, and how trails became a source of peace after her coach used them as a way to keep her effort under control. From there we get into what it's like choosing a school based on engineering first, finding the right fit at Mines, and treating training like a long science experiment across events from the mile to the 10K.Grace also opens up about the real balance of elite running and a demanding materials engineering schedule, plus what she wants professionally, from research to the possibility of coaching. Finally, we talk trail racing goals and the shift from track pressure to the more open, community-driven world of short trail, including her plan to debut at Broken Arrow 23K and longer-term dreams like Moab, Pikes Peak, and eventually racing in Europe. If you care about trail running, post-collegiate running, endurance mindset, and the engineering side of performance, this one hits all of it. Subscribe, share this with a runner who's in a transition year, and leave a review with the biggest change you've faced after a season ended.Follow James on IG - @jameslaurielloFollow the Steep Stuff Podcast on IG - @steepstuff_pod

Nick Plocienik returns to break down his rapid rise from grassroots racing into Porsche Cup cars, GT4/GT3 machinery, and his first IMSA experience at Daytona. He dives into the pressure of real race environments, the chaos of a last-minute car swap, and what it takes to compete at a higher level. We also get into his 1000HP Camaro build for Pikes Peak, sim vs real-world driving, and the mindset behind chasing a full-time racing career. Take your build up a whole new level with 6XD Gearbox: https://6xdgearbox.com Code "Minnoxide5" for 5% off High Performance Academy: https://hpcdmy.co/Minnoxide Use code "MINNOX" for 55% off ANY course Use Code "MINVIP" for $300 of the MINVIP Package Tuned By Shawn: https://www.tunedbyshawn.com Code "Minnoxide" for 5% off! Ship With Sure Thing Logistics: https://www.surethinglogistics.net MORE BIGGER Turbo T-Shirts:  https://www.minnoxide.com/products/more-bigger-t-shirt 00:00 Intro and Racing Progress Since Last Appearance 01:10 From NASA to Porsche Cup Cars 04:00 Camaro vs Porsche: Learning Different Platforms 06:00 GT4 / GT3 Experience & Pro-Level Testing 10:30 Preparing for Pikes Peak and Getting Accepted 15:00 Sim Racing vs Real Life Racing 18:20 Learning New Tracks and Finding Speed 21:00 Pressure, Confidence & Race Mindset 24:00 Camaro Evolution + Race Build Progression 27:00 MoTeC, 6XD Sequential Gearbox & Build Complexity 30:00 Engineers, Data & Life Inside a Race Team 41:20 Daytona Experience and Race Day Chaos 50:30 Camaro Setup, Testing Plans & Truck Build 1:08:00 Future Goals, Sponsors & What's Next

This year, the state of Colorado turns 150 and American marks 250 years of independence. Find out about the many ways to celebrate these two major milestones right here in the Pikes Peak region. Hear from our local historians about upcoming events and why it's so important to pause and reflect!

Keith shares how a recent trip to Colorado Springs and a changing commission landscape reveal what really matters for real estate investors now From there, the show dives into the three levers investors truly control—leverage, operations, and relationships—before welcoming lender Caeli Ridge to break down the major mortgage options for investors. You'll hear how different loan types fit different strategies: from your first conventional "golden ticket" loans, to DSCR loans based on property income, to short-term fix-and-flip and bridge loans that prioritize speed and flexibility.  The episode then moves into how more advanced investors can scale beyond 10 doors, navigate debt-to-income and tax strategy, and even approach financing for short-term rentals—all while highlighting why having the right lending partner and long-term plan can make a big difference to your results. Episode Page: GetRichEducation.com/591 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  1-937-795-8989 to speak with a freedom coach 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 with new ways to think about your life through goals momentum in the real estate market. Then learn about various mortgage loan types, conventional DSCR, fix and flip, bridge loans, short term rental loans and more. Knowing which loans to use can save you millions and learn the fatal mortgage mistakes you must avoid today on get rich education.   Corey Coates  0:29   since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads and 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Speaker 1  1:14   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  1:30   Welcome to GRE from Winnebago, Minnesota to Winnipeg, Manitoba, and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to get rich education, the voice of real estate investing since 2014 before we get into the mortgage discussion, where we'll discuss five or 10 different investor loan types and their various pros and cons, which could save you millions over the course of your life. I shared with you that I traveled to Colorado A couple weeks ago, for a goals retreat hosted by the real estate guys, top notch event, I spent extra time there in Colorado Springs, because I find it really livable, and I spent five hours with a local realtor there, one day out and about visiting properties in the area I'm potentially looking for a home or a second home. And by the way, how is this for a price range? The realtor wanted to know what my Buy Box is, and since I'm just learning the Colorado Springs market, I told him I'm willing to spend between 400k and 1.2 million on the property, yeah, pretty wide range, a mile wide. Fortunately, my other Buy Box criteria are more narrow and specific, and I have got to say, I'm surprised at how low the area's home prices are. I thought they'd be higher. Interestingly, before touring homes, my buyer agent wanted me to sign a six month exclusive representation agreement. Fair enough, that's standard stuff. It was on the agreement, though, that I as the buyer pay a 3% commission up on the purchase, and the seller would presumably pay the other 3% to make up that total 6% commission for the agent compensation. Well, historically, the seller paid the entire 6% and this, of course, goes back to the NAR settlement, and that ruling that became effective in August of 2024 you probably remember this, and I talked about it on the show back then, and how it's not really that big of a deal, especially to investors like us, because at GRE marketplace and with our GRE investment coaching, it's a direct model. There's zero commission on either side, and then you, in turn, get some of those savings, but out in the larger world and in the owner occupant world. Well, that rule change that started a year and a half ago. It means that sellers are no longer required to pay the buyer's agent. Instead, the fee is now negotiable between buyers and their agent. The other change is that property listings no longer display the buyer agent's commission offer. But here's what's interesting in practice, and what really ends up happening in the end, in most cases, is that the seller still pays the full commission and compensates both agents that full 6% sometimes it's 5% instead of six buyers and buyer agents, they still operate under the seller pays. And that's largely because that has just been the norm. It's what's seemingly always been done. It's what buyers are used to. And the reason that that often persists. Is because the seller is the party in the transaction that has that thick equity in the property, deep equity, and buyers are the ones often just trying to scrape together whatever they can for a down payment and closing costs. Buyers are not going to be able to come up with another 15k for an agent commission when they're buying a 500k property, that's 3% especially today, this is true because American homeowners the seller then still have record equity positions of about 300k an all time high. Nearly half of mortgaged homes are considered equity rich. What does equity rich mean? It means that the loan balance is less than half of the home's value, yeah, the seller has the means to pay the full commission. So the point is, in practice, the seller, yeah, still pays that full five to 6% commission in the overwhelming majority of cases, and the buyer pays nothing. And if that does change, it's going to take a long time. You know, a lot of these evanescent real estate stories that people think are going to have some seismic impact. It rarely does, like this erstwhile NAR ruling or the 50 year mortgage proposal or banning big institutions for buying more single family rentals. You know, this stuff is like one little baseball sized asteroid striking an entire planet. I mean, it's like a barely discernible impact. Real estate is anchored in one place like Jabba the Hut. It is solid. These stories are interesting, but they're not impactful.   Keith Weinhold  6:52   Instead, I've mentioned it before. What are three things you control in real estate that really matter. And these are evergreen things. First, it's, how many dollars are you leveraging? That's where your wealth is going to come from. In fact, we're going to discuss that today with mortgage loan types. Second, what's the efficiency of operations on your existing properties? And thirdly, what is the quality of your relationships? And actually, we're addressing the third one today too, talking to a lender that you could make part of your team. You can control these three things. They're unyielding, they're evergreen, they're long term, and they all have gratitas and impact those three things, leverage operations and relationships. Now my agent drops me off and picks me up from my hotel here at the Broadmoor in Colorado Springs. This was also the event hotel for the goals retreat. I just extended my stay to hang out in the area. Look at real estate, do some climbing on Pikes Peak. Pro tip for you on hotel room rates, talk to a human being before I booked my stay, I called the front desk and asked them if they could extend the attractive event room rate to more nights on my extended stay. And they agreed. You might have heard of the Broadmoor. It is well known. It's been here for more than 100 years, and it is such a fine place to stay. Let me tell you about this special piece of real estate. In fact, I've thought it through, and I will now hereby proclaim that it is the finest us hotel experience that I've ever had in my life. I say us because I stayed at an amazing place in Dubai. But what makes the Broadmoor stand alone? It's the details and the service. A lot of hotels are nice, but this is on a different level. And I don't say this to brag, and this is because you probably can afford to stay here, yeah, like I have. You might have paid more elsewhere in your life for a lesser hotel, although I am here in the low seasons. Okay, now, sure, you've got views of the Rockies and a man made lake and waterfall and even a beautiful chandelier in my hotel room. The thing that sets it apart, though, is you have this service that feels old world and not corporate. That's what makes the difference. The Broadmoor is horse themed, since horses are a symbol of the American West. There are about 800 rooms here. It's kind of like a self contained adult Disneyland championship golf courses, a world class spa, even an outdoor lap swimming pool like that has lanes that I swam in one morning for. Fine dining, casual dining, access to hiking, fly fishing, even falconry, zip lines, tennis, pickleball pools. Take the cog railway to the Pikes Peak, Summit. Okay. Now, other nice hotels have attractions that are sort of like that, but when I rave about the service, it's the little things they are knocking on my door before 10am to come in and clean the room. And you know how so commonly, when you first check into your hotel room and you look in the closet, there are not enough clothing hangers, and they're all like stupidly mismatched. These all match. They're all nice wood, and there are plenty of them. So I'm talking about these details. I'm telling you. I had dinner at one of the broadmoor's restaurants the other night. I just happened to take a close look at the tag on the napkin. Sure enough, it is made in Italy. I mean, jeez, no detail is overlooked at this stellar place. In fact, here's what I'll do. You know, I'll just completely stop my Colorado Springs home search right now. Instead, I'm going to stop down by the Broadmoor front desk, tell him to give me some moving boxes, because I'm moving into the Broadmoor and I'll be here for the next decade. Start forwarding my mail here and everything. And hey, at least I was courteous enough to give them notice. I can't stay here too long, or my standards will be rising faster than my net worth. Yeah, yeah. Can't go to sleep with a mint on your pillow every night, I suppose.    Keith Weinhold  11:38   Now, the reason I came here now is to attend that aforementioned goals retreat, and let me take all the time and all the resources that I put into being here and distill them into just a few of the most salient takeaways for you. Goals should be smart, strategic, measurable, actionable, relevant and time based, they must be written down. Now, how would you describe yourself to somebody else that didn't know who you were? Write that down next. What do you think your reputation is? How would others describe you? Write that down now that you can see how you describe yourself and how others describe you, you can see that there's a gap there. That gap is what you need to work on. I learned that goal should be written in the present tense, not the future tense. I did not know that before. For example, say it is January 1, 2035, and I own $5 million in rental property. That's an example of how you would do that. So take future events and write them in the present tense. Other questions at the goals retreat that got really introspective are, what are you really going to do with your life? And write down that answer. Sheesh, that is tough. And if you think that's a hard question for you to ask of yourself, the next one is even harder. It's simply why? Why is that where you're going with your life? And then write that down? I mean, would you answer questions like this for yourself? And you really think about it, that can occupy a new segment of your entire headspace. It is a big cognitive load, and a last one to leave you with is to dream not just big, but gigantic. Get it out there, write down a dream that interests you, but it's so grandiose that you're actually embarrassed to tell someone about this stretch dream, for example, for me, it's the first person to walk on another planet. No human has ever done that, and this would most likely happen on Mars. See, this is so grand that is sort of embarrassing for me to even share that with you. It almost makes you sound Loony, like I would have to learn so many new skills to travel to and walk on Mars. But you should write down a bunch of other goals too. You're sort of brainstorming on goals, attainable goals. Recall that is the A in the SMART goals acronym, you want to write down a bunch of attainable ones, not just that stretch one. So for attainable ones, one of them is for me to become the highest man on earth. To give you an example. And I attempted that goal two years ago, and I failed. I told you about that at that time. But see now, compared to my embarrassing stretch goal of walking on Mars, the highest man on earth feels attainable, I know what it takes to achieve it, and it's worth doing, ah, but it's a grind to get there, yet it would be worth it. Those are some quick take. Ways from the real estate guys goals retreat while on stage the event host Robert helms he took a minute respite from the goals material, and he recognized the fact that, as he calls it, the four OG real estate podcasters are all in the same room. One of them is helms himself, and now I feel like the other three are all older and doing it longer than me. I was one of the four that he mentioned. But you know, there is only one podcast that was mentioned from stage, and that is that Robert helms told the audience that they should be listening to the get rich education podcast. That was a nice thing to say, and he is always a gracious giver.   Keith Weinhold  15:45   Next, we're talking about four major loan types, conventional DSCR, fix and flip and then bridge loans. When we discuss the first two parts of it could sound repetitive, but you'll see why we do this, because then you'll be able to compare it to nichey loan types that we discuss, for example, the speed of a bridge loan, where you can get funded in just one week, compared to a slower conventional loan. The mortgage landscape changes. I still remember how in 2012 we had still somewhat freshly emerged from the global financial crisis, and back then, you could only get four conventional loans, four rental properties, not 10 like you can today, 20 married. So get your loans while you can, you probably won't always be able to get 10 loans. We'll start with loan types that are more for beginners, and then we'll get to advanced material. Let's welcome back one of our favorite recurring guests.   Keith Weinhold  16:54   You can make millions more throughout your life by understanding mortgage loans. This is key, and today it's the return of the woman that's created more financial freedom through real estate than any other lender in the entire nation, because she's the president of ridge lender group. Hey, it's time for a big welcome back to the incomparable, yet somehow still so approachable Chaley Ridge   Caeli Ridge  17:16   my Keith, thank you for having me. I love being here. I love what you're doing. It's my pleasure, sir.   Keith Weinhold  17:23   And our followers, our listeners, have been approaching you since 2015 you're one of the longest running guests, truly one of the OGS around here at GRE and now Caeli, before we discuss loan types. You know, we don't really talk politics on this show rather policies, and we're in the midst of a presidential administration that often, in the name of the word affordability, is trying to supremely shake things up in the housing market. Help us dissect what matters and what won't.   Caeli Ridge  17:58   I have found that at least as it relates to current administration, whoever that might be, I wait for the buzzwords or the taglines to become the actual policy. Like you said, That's a good point in this case. You know, you've got things floating around, like the 50 year mortgage cutting off the hedge fund guys and that kind of thing. Whether or not, those things come to fruition. I'm happy to give my opinion on them. I do not think that it's going to move the needle much for the people that you and I serve with regard to I mean, just taking them one at a time, I don't think that the 50 year is going to come to fruition. Just first and foremost, if it did do, I think it would be a good idea for a homeowner, probably not, but for an investor, maybe if there's some way that we can keep our payment lower, given the maturity date of a mortgage for an investment property is usually about five years. I mean, I know that this is a 30 year fixed mortgage, but statistically speaking, the average shelf life of a non owner occupied mortgage is about five years. So getting a 50 year amortization, if that were going to reduce the payment, I don't think is a bad thing for an investor, however, and this may get a little bit technical for the listeners, so I apologize in advance if we were to go to a 50 Year am the adjustments, something called, and you and I have talked about this before, something called an llpa, that stands for loan level price adjustment, I think would be such that it could end up defeating the purpose of having the longer term amortization, because I think the interest rates would be higher and I think they may offset so that was a long way to say. One, I don't think it's going to happen. I don't think it's actually going to get to its final resting place. And two, would it be a good idea for investors, yeah, I think it would be worth considering if it kept the payment lower. Okay, that's that as the other piece to cutting off the hedge funds, the big, you know, BlackRock, some of the big players, and giving them access to the residential housing and first right of infusion or etc, because they've got such deep pockets. You. It's such a small amount to what our individual investors are going to have access to that I don't think that that moves the needle either. So I don't know if I'm answering the question, except to say anything that they're going to tout, I would wait for it to actually become written in stone and pass by the rest of the powers that be before I would get excited about or concerned about any of it.   Keith Weinhold  20:21   This is pretty parallel with what I've been telling our listeners. All these things seem to make splashy news, but I haven't seen anything that's going to make a deep impact yet, whether it's the 50 year mortgage, which probably won't even come to fruition, or if it's doing these mortgage bond buy downs in order to bring more liquidity into the market and bring rates down, or if it sees any of these other things being discussed with these institutional investors, since they already own such a smaller proportion of the housing market than a lot of people think, we'll discuss seasoned real estate investors and their loans shortly, but first for newer real estate investors, you Know, chili, I kind of think of four or more loan types that a beginner should be familiar with. I think of conventional loans, dscrs, fix and flips and then bridge loans, the first one with conventional loans. What are the basics that someone should know?   Caeli Ridge  21:17   So first of all, you should know that there are 10 of these. We call them the golden tickets. I'm pretty sure I coined this, okay, 100 years ago, the golden ticket. We call the conventional aka Fannie Freddie, aka agency. They go by different names, but they all mean the same thing. We call them the golden tickets because it's the highest leverage and typically at the lowest interest rate you can find. Now I do have a hook in our conversation today about that. I'll get we'll get to it. There are 10 of these per qualified individual. So one of the first things that I would tell somebody is, is that if they are a partnership or a husband and wife team, you want to make sure to keep the debt obligation separate, because if you want to maximize these golden tickets, let's just say it's a husband and wife team. You each have, per qualification access to 10, and that includes a primary residence. In fact, let me just take a quick second and define what counts in the 10, because some people get this wrong. So the 10 golden tickets are counted by any residential property, single family, up to four Plex that has a loan on it, where the loan is in the individual name or personally guaranteed by the individual. That's where people get tied up. So if they went out and got a kind of more of a commercial type loan, that was in an LLC name, for example, but they signed a personal guarantee, per Fannie Freddie guidelines, that particular mortgage is going to count against the 10. So those would be some of the first pieces of news or detail I would give them about conventional    Keith Weinhold  22:40   for married couples, don't take ownership in both the husband and wife's name, either the husband or the wife. That way, you can get to 20 rather than 10. And yes, you do have to be mindful that your primary residence does count in that 10 or 20, whatever it might be. Anything else quickly with conventional loans, LTVs so on,    Caeli Ridge  23:01   yeah, LTV can go to 85% loan to value. So you get a little bit extra than you're going to get in some of the other loan product types. It will have PMI, private mortgage insurance, anything over 80% LTV will always have PMI on a more conforming, conventional basis. So keep that in mind. But the factor is pretty low. I would encourage people that are looking to stretch the almighty dollar. Do the math. Look at the 85 with PMI against, say, an 80% and see what are you giving up versus what you're getting. And then qualification stuff, you guys, my dumb joke, it's Keith's favorite. I'm sure vials of blood and DNA samples are sort of required for the Fannie Freddie loans. So just be prepared to supply or submit us the tax returns and pay stubs and bank statements and and all that stuff,   Keith Weinhold  23:44   you'll feel like you're getting fingerprinted almost for a conventional loan qualification. And the second one that I brought up DSCR loans, that's short for debt service coverage ratio. And these mortgages are pretty standard for rental properties. They're underwritten based on a property's income potential. So you know, the way I think of dscrs Chaley from the lender's perspective, is that sustainable cash flow is what matters. The rent has got to support the property's monthly mortgage payments. So we talked to us more about dscrs.    Caeli Ridge  24:15   Yeah, I love this product, and this is for somebody that either can't fit into the conventional Fannie Freddie box, or maybe they've exhausted their golden tickets and they're graduating and moving on. This is a great option that will reduce the amount of vials of blood and DNA samples that you're going to have to submit. It still provides for a 30 year fixed mortgage. The leverage is roughly the same, 80% in most cases, on a purchase. And to your point, the gross income divided by the principal, interest, taxes, insurance and Hoa, if it's applicable, is the simple formula, the easy method I'll give people, just to kind of solidify that math, is that if the gross rents were $1,000 a month, and if the PI TI was $1,000 a month, when you divide that, your debt service is 1.0 Now you can go as low, believe it or not, as low as a point seven, five, DSCR, they have those available be ready for the interest rate to get a little hair on it. Okay, it's going to be higher than what the 1.0 and above is going to be. But you can go as low as point seven, five, those are going to be for the investors that have found a property, maybe in distress, and they cannot show the current market value rent, perhaps, and it's on the low end. So you can still get that done at point seven, five, just be ready for a higher interest rate.   Keith Weinhold  25:30   So the DSCR loan an alternative for you, which might be especially useful, like Chaley touched on, if you've already exhausted your 10 golden ticket. Fannie Freddie loans, a DSCR of 1.2 for example, means that your rent income needs to exceed your principal, interest, taxes and insurance payment by 20% or more. That's what we're talking about here. And then Chile, those were more of loans for the buy and hold type of investor. Tell us about fix and flip loans.    Caeli Ridge  26:03   Yeah. So these are shorter term loan that will allow you to include not just the purchase of the property, but also some renovation or rehab money if you need that. And we're going to be looking at an ARV after repair value. So you've got a purchase price, you've got your renovation or scope of work budget. And then we're looking for an ARV with the ARV to be somewhere around 75% so what that means, if you've not heard of this before, you're going to take, let's say, $100,000 value. And if we want the ARV to be at 75% we're going to lend 75,000 is kind of the mix there. Those are quicker loans. You're going to be paying much higher rates on those. You know, between nine and 13% depending on the deal. The points are also going to be a little bit higher, but a great option for that quick turn and burn where you know your deal has enough skin in it and you can recapture all your capital and make a good tidy profit on it.   Keith Weinhold  26:53   We're talking about basically fixer upper loans here with Chaley Ridge, the president of ridge lending group, yes, these are jalopies that rarely qualify for traditional bank financing. And oftentimes, when I think about these fix and flip loans, I'm thinking that often there is interest only flexibility with regard to those higher interest rates that you need to pay. And I think of it as, you know, a shorter term loan that you've got during your renovation period, oftentimes 12 to 18 months. Does that sound about right?   Caeli Ridge  27:24   Yeah, 6,18, even 24 months. And to your point, yes, all of these are going to be interest only. And one of the cool things is about these loans is, is that, if there's enough room in the deal, right, based on what you need to borrow and what we think the ARV is expected to be, you don't even actually have to be making those interest payments. You can build it into the final payout when we go to refinance you out of this short term loan, or you simply sell the property and pay off that loan. So for example, let's say that your interest only payment is $1,000 a month, okay? And the value of the property is going to be $200,000 and you only took 120 okay, we're going to be well within that 75% ARV. You can build in that $1,000 say, for 12 months, there's $12,000 and just add it to the outstanding balance that you started by owing, and not have to be making those payments on an ongoing basis. It's not rented, right? So it might be nice to be able to factor that in to the actual payoff when you go to refinance that if it's a fix and hold versus go to sell it on a fix and flip.   Keith Weinhold  28:31   Now, long term, we know that the big gains for real estate investors really come from that leveraged appreciation getting that loan. But sometimes there are situations where we might want to act as a cash buyer. And that brings up this fourth of four loan types that I brought up, the bridge loan, short term loans that can temporarily finance a property purchase while you're waiting for a longer term loan to come through. The bridge loan, so I think of it as a pretty speedy loan, if you sort of want to act like you're an all cash buyer.   Caeli Ridge  29:04   Yeah, I like this, and in many ways it's similar to a fix and flip interest only. Obviously the term is going to be shorter, six months, 12 months, up to 24 months, and based on largely relationship, the bridge loan for the purpose that you described, really comes into play for an investor that we know and we're comfortable with, we can fund those inside a week, for somebody that we've done several of these loans for. So for those that need that really quick turn, once you've established yourself as a seasoned, experienced investor in that space, those are pretty slick and easy to get through.   Keith Weinhold  29:39   Why would someone use a bridge loan, rather than a fix and flip loan.   Caeli Ridge  29:43   So if they're in a very competitive market, that might be another option, because those are going to be faster. The bridge loan is going to be faster where they need to say that they're an all cash buyer and they only need seven days to close, or whatever it is. It depends on the municipality in the state. But what if you're at the courthouse steps? And you need cash quickly. Sometimes it needs to be immediate. So that might not be applicable in this case, but if you put the bid in, and you win the bid, and you've got, you know, three days to perform, usually we can get those done. So it's circumstantial. Those would be two variables or two scenarios that that would apply to   Keith Weinhold  30:17   the bridge loan gives you the advantage of speed, but that speed can come at a cost.   Caeli Ridge  30:22   Oh yeah, yeah, you're going to be paying probably three points, maybe four points, and it's short term interest, 13, 14%   Keith Weinhold  30:30   so with these four loan types that we've discussed, conventional DSCR, fix and flip and bridge loans, you can kind of see that there is a loan for most every investment scenario, and there's no reason to rely on only one type, a flipper. Might start with a short term fix and flip loan or a bridge loan and then later refinance to a DSCR or a conventional loan. So consider mixing and matching based on your needs. You're listening to get rich education. We're talking with Ridge leninger, President Taylor Ridge, more when we come back, including steps for more advanced investors, I'm your host. Keith Weinhold   Keith Weinhold  31:06   mid south homebuyers with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your return on investment as their North Star. It's no wonder smart investors line up to get their completely renovated income properties like it's the newest iPhone, headquartered in Memphis, with their globally attractive cash flows, mid south has an A plus rating with a better business bureau and 4000 houses renovated. There is zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate with an industry leading three and a half year average renter term. Every home they offer you will have brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter in an astounding price range, 100 to 150k GET TO KNOW Mid South. Enjoy cash flow from day one at mid southhomebuyers.com that's mid southhomebuyers.com    Keith Weinhold  32:08   you know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds. Don't keep up when true inflation eats six or 7% of your wealth. Every single year I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest, start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre or GRE, or send a text now it's 1-937-795-8989, yep, text their freedom coach, directly again. 1-937-795-8989,   Keith Weinhold  33:19   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage, start your pre qual and even chat with President chailey Ridge personally, while it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   Blair Singer  33:53   this is Rich Dad, sales advisor, Blair singer. Listen to get rich education with Keith Weinhold. And above all, don't quit your Daydream.    Keith Weinhold  34:09   Welcome back to get rich education chili when we go beyond this beginner stage that we've been discussing, how about for an investor just trying to scale to 10 doors worth of one to four unit properties. Now, are there any strategies there or more of a loan order that you would recommend in getting up to your first 10 you know   Caeli Ridge  34:29   I think the strategy starts with calling your lender, ideally Ridge lending group, and having that deep strategy call that, that discovery call, so that we can really understand and plant some seeds that say, Okay, Mr. Jones, these are your qualifications today. This is where you want to be in a year or 10 years. These are the steps that are going to be important that we are mindful of and we take to accomplish and reach those milestones. It's really important to have that baseline understanding of what is your debt to income ratio on day one, what are your assets? Sets. What is your credit? Where do you want to be in a year or 10 years? Right? Do you want 10 properties in a year's time? It's going to be a very different conversation than if you're going to slow roll this and want to establish 10 purchases or 10 investment properties over 10 years. So identifying those details is going to be part one, and then next, in terms of order, I would say, largely the higher price point properties, typically, I would say, put those in one through six. And the reason that I'm saying that is is that the underwriting guidelines under conventional financing, they will change based on how many finance properties you have. So of all of the inner working guidelines and things that go into securing a conventional mortgage loan, the three top most heavily weighted are going to be debt to income ratio, credit score and assets. Okay? And within each one of those, the marker or the qualification guideline changes as you evolve and acquire more property. So the higher up the ring you go, or the rung that you go to 10, the more restrictive the guidelines are going to be. So I would typically say, get the higher price point properties go into maybe one to four, one to six, if that's part of your strategy and your diversification of portfolio ownership. Then after you've established having two or three or four properties and that higher price point it as it gets harder to qualify, potentially, if your debt to income ratio is a little bit tight, you've got the smaller loan sizes that might be less impactful in debt to income ratio. All of this is very subjective to the individual's qualifications and needs, of course, but that might be one rule of thumb that I would take   Keith Weinhold  36:39   gosh, this This is absolute gold in helping you structure the architecture of a growing income property portfolio. And we're coming up on this Super Bowl, and whatever mortgage lender advertises for the Super Bowl or has some big, splashy campaign nationally, you know they are not the ones that are going to have conversations like this for you, they might be fine for buying a primary residence, but this is why you want to have a long term strategy and work with a lender that's aligned with you on exactly that sort of thing. And Chaley, is there a specific way in which one can avoid hitting the Fannie Freddie loan ceilings too early if you haven't already touched on it.    Caeli Ridge  37:22   Yeah, very good question. You know, I think that this is going to come down to a debt to income ratio conversation. It's easy enough to ensure that we contain assets and credit. Those are easier conversations. The debt to income ratio is the piece that's more complicated and can get away from an investor without them even knowing it. You don't know what you don't know, right? So I would say that debt to income ratio and making sure that your lender again, hopefully Ridge lending, because we know this like we know our own faces, making sure they know how to structure and provide feedback and consult on that schedule E, part of the beauty of real estate investing is the tax deductions. Right? Many people get into real estate investing, not for the cash flow, not even for the appreciation, but for that tax strategy, because they're high wage earners, or whatever it may be, and they're sick of paying x in taxes. So the debt to income ratio is key in scaling and making sure you can continue to qualify for those loans. The conversations that we have with our clients really go deep about where we can maximize our deductions to ensure that we get the tax benefit without precluding our qualification on a conventional underwriting basis in the DTI category.   Keith Weinhold  38:35   Now, during my growth as an investor, when I got above 10 doors, one gets above 20 doors. When one gets to 216 doors, I began where I needed to qualify more on a DSCR basis, where the lender is looking at the properties qualification, more so than me. So are there any other thoughts with regard to how one can set themselves up for success in really going big and well beyond 10 doors   Caeli Ridge  39:03   absolutely so once we've exhausted the Fannie Freddie, and I think one of the real value adds about Ridge is that we are not a one size fits all, and we are extremely holistic versus transactional. So having that first conversation and understanding what those goals are, so that we can pivot as we need to maximize the golden tickets, whether that be 10 to 20, right? If you're in a marriage or a partnership or whatever, and then setting up for the DSCR loans when the time comes, and taking advantage of those, there is no limit to how many DSCR loans we can get for one individual. We have yet to file an individual that we've had to say no, and we've done quite a few of the high, high acquisition investors, so I don't expect that to be an issue, but yeah, I think it's about planning, planting those seeds, creating roadmaps together and have those smart discovery conversations.   Keith Weinhold  39:50   Now, as you grow, one way you might diversify is to have perhaps at least a part of your portfolio in short term rentals. So what I. Comes to getting loans for sort of Airbnb or VRBO type properties. What does one look for there? How much does the landscape change versus the longer term rentals that we've mostly been talking about here?    Caeli Ridge  40:10   Yeah, I think that the differences are going to be about purchase versus refinance. If we're just talking about purchases, let's kind of try to keep it in one lane. If we're talking about purchasing a short term rental, you may be limited on leverage. You might lose a little bit of leverage, 5% let's say you could get to 75% and maybe on a short term they're going to back it off to 70% LTV, so there may be reduction in that loan to value. And the way in which we're going to quantify the income is absolutely important to share with your listeners on a purchase transaction, we have access to things like an appraisal. An appraisal is going to give us some median rental income, whether it be long term or short term, that we will use to offset a new mortgage payment if that's needed for the individual's debt to income ratio qualification. Now, if they don't need the rental income to qualify, then it's a non issue. But if they do, like most of us, need that rental income to absorb this new mortgage payment that we are securing for them, how that's going to quantify is important. So if it's not in a short term rental area, let's just say it's kind of off the beaten path, and there may not be enough data points to support the income that you need. It's important to know that up front versus way down the rabbit hole, when you paid for appraisals and you're all the way through the transaction and earnest money might be off the table if you had to cancel that kind of thing. So really important to understand the numbers in advance, I would say, when we talk about short term rentals and how the income is going to be quantified from an underwriting perspective,   Keith Weinhold  41:43   why does a borrower often need to make a higher down payment on a short term rental than they do a long term rental?   Caeli Ridge  41:49    You know, I think that in secondary markets, as we talk about mortgage backed securities and things like that, it's looked at as a higher risk. A short term rental is going to be a higher risk than just the stable long term, long burn tenant is going to be there and they've got their lease for a year, two years or whatever, at a time, the short term rental is more volatile and it's seasonal. It can be I mean, there's all those different factors, so higher risk means more skin in the game for the investor.   Keith Weinhold  42:13   That makes a lot of sense. Does that higher risk also translate into a higher mortgage rate for short term rentals than long term rentals?   Caeli Ridge  42:18    Fannie Freddie versus DSCR The answer is no. On the Fannie Freddie side, the interest rate's not going to change on a DSCR loan. Yes, it can be slightly higher, usually about about a quarter of a percentage point on a short term versus a long term.   Keith Weinhold  42:33   Now, are there any particular markets that lenders want to avoid with short term rental loans?   Caeli Ridge  42:39   No, as long as the property is habitable, and all the other metrics fit Qualifications and Credit and assets and all that stuff. No, there isn't a market that we're going to have any issues with now. We do get the notifications for natural disaster areas, and as that relates to the appraisal and things like that, if it's in a natural disaster area or zone, we may have to hold funding until after the disaster is over, and then we can go and take more pictures and make sure it's still standing and there's no major issues. But otherwise, aside from that, as long as it's habitable, no, there is no market restriction.   Keith Weinhold  43:12   Yes, with that variability of income for short term rentals, you can understand how a lender would be more careful in making a loan, and would want you, the borrower, to put more skin in the game for a short term rental. Well, Caeli, overall, what should an investor do in the next 24 hours to make themselves more lendable before contacting someone like you?   Caeli Ridge  43:36   I would say the answer is sticky, but call rich lending group. That's how you're going to make yourself more lendable. And the reason that I can say that is is that everybody's qualifications and needs and goals are inherently different. So calling someone that understands this landscape and can navigate the battleship in the creek like I like to say, that's the visual aid for those of you that need the visual is the first key. And with that conversation, we're going to be able to identify for you specifically what you would need to do to become more lendable. And it may be nothing   Keith Weinhold  44:07   well over there, Chaley, you're growing. You do loans in almost all 50 states. The GRE podcast has more than 5.8 million listener downloads, and you have helped countless GRE listeners acquire smart investor loans for fully a decade now. Just amazing. So talk to us about all of the loan types that you offer investors there at ridge.   Caeli Ridge  44:30   My gosh. Okay, so I think one of the real value adds for us is that we have such a diverse menu of loan products. We touched on a few of them already. So we've got the conventional Fannie Mae Freddie, Mac stuff. We've got our DSCR loans. We have bank statement loans, asset depletion loans. I can touch on those if you want. Keith, we have our short term bridge fix and flip. We have our All In One my favorite, first lien, HELOC we have second lien HELOCs. We have commercial loan products, and commercial can apply to residential and commercial property. A cross collateralization, commercial for residential properties. That just means, if you're putting 10 single families into one blanket loan, that would be cross collateralization, or if you're buying a storage unit that's straight commercial, and probably even more than that, ground up construction, there's really not a limit to the loan products that we offer, specifically for investors. The only thing we don't have, I would say in our arsenal is bare land loans. Those are hard to come by   Keith Weinhold  45:24   It sounds like you recommend a call in order to get some of that back and forth, to learn how you can best help that investor. But tell us about all the ways that someone   Caeli Ridge  45:32   can get a hold of you. Yes, there's a few ways. Of course, our website, ridgeline group.com, you can call us toll free at 855-747434385, 747-434-3855, 74, Ridge. Or feel free to email us info at Ridge lending group.com   Keith Weinhold  45:49   and you might get lucky. Hey, spin the wheel. Chaele does get on the phone and talk to individual investors herself too. So Chaley, it's been valuable as always to cover all these different loan types for beginners, and then what one does when they advance beyond that. It's been great having you back on the show.    Caeli Ridge  46:09   Thank you, Keith. I appreciate you.   Keith Weinhold  46:16   Oh yeah, a lot to learn from Chaley today. You've got mortgage rates three quarters to 1% lower than they were a year ago. At this time, in fact, last month, they ticked below 6% for the first time in years, and their lowest level in over three years. But when you introduce geopolitical uncertainty, well, that tends to make rates tick up again. Now, just what does happen when you have a lower overall rate trend like we have? Well, in this cycle, it's already spurred an increase in housing sales volume. It surged to 4.3 5 million in the latest reporting month, and that is the hottest annualized pace in nearly three years. Some of the same people who said, wait until rates fall, they're about to realize that prices didn't wait. Demand comes back fast. Inventory doesn't if mortgage rates take another leg lower, we could see quite a refinance wave in balanced markets or in supply constrained markets, bidding wars could follow. Now I've shared with you before that I totally do not predict interest rates. I don't know if anyone should. It is a great way to be fantastically wrong and supremely waste a lot of people's time. Instead, I think it's more efficacious for you to be able to interpret the signs that can trigger a further rate drop. Those signs are a weak jobs report that tends to bring lower rates because the labor market needs the help. So does softening wage growth, GDP below expectations, inflation continuing to cool, or a pickup in US Treasury demand. These are all signs that can lead to even lower rates. In fact, right now, with already lower rates and higher wages, real estate is more affordable than it's been in about three years, but overall, longer term, yeah, income properties still feel somewhat less affordable. It's less affordable than it was in pre pandemic times. That's for real for US investors, though, affordability is less about the price of the property, it's about whether the property pays for itself and grows your net worth while inflation does the heavy lifting for you, that's why it still works for us as investors. Higher prices don't kill investors inaction during inflation does you're not so much buying a say, 350k property. You're controlling it with 70k while your tenant and inflation do the rest. We don't rely on hope or appreciation. We start with inflation, tax benefits and debt pay down, and then appreciation typically happens too. A lot of times, the question for us goes beyond whether or not a property is affordable. The question is whether owning an investment property is better than inflation compounding against us, which is an investor mindset for this era, Ridge landing gear. President Chaley Ridge is a regular guest here because the mortgage space is so dynamic and things change a lot. For that reason, we expect to have her with us every few months this year, I'll see you next week. I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 2  50:01   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  50:30   The preceding program was brought to you by your home for wealth building, getricheducation.com   

Keith explores two big themes shaping real estate investors' futures: Why more Americans are becoming "forever renters"—and how long-term lifestyle and demographic shifts (not just today's prices and rates) are quietly reshaping the demand for rentals. The growing conversation around eliminating property taxes—which states are making the most noise, and why the real issue isn't whether property taxes go away, but what would realistically replace them. Keith also zooms out for a quick year-end tour of major asset classes—from stocks and real estate to metals and crypto—so listeners can see where real estate fits in the broader investing landscape and what these shifts might mean for their wealth-building strategy. Episode Page: GetRichEducation.com/588 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  1-937-795-8989 to speak with a freedom coach 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 or text 'GRE' to 66866 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, the Forever renter trend keeps getting embedded deeper into American culture. What's behind it? It's more than just finances. Then there's been more talk about eliminating property taxes, if they go away, what replaces them? And we'll discuss more today on get rich education.   Keith Weinhold  0:27   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Corey Coates  1:12   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  1:28   Welcome to GRE from Jamestown, New York to Jamestown, North Dakota and across 108 nations worldwide. I'm Keith Weinhold, and this is get rich education. Most investments reduce your income until you can start drawing on it and paying taxes on it in your 60s. That's a lot of decades of living below your means. Here learn how to grow your means and invest in vehicles that pay you when you're young enough to enjoy it and pay you five ways tax advantaged. Hey, there's a big misunderstanding about the housing market taking place right now. Yes, today's higher cost of home ownership contributes to Americans renting longer, for sure, but let's not make the mistake of thinking this is a new phenomenon just because home prices moved higher or mortgage rates began normalizing again a few years ago, that's not what it's about Americans renting longer. That is a trend decades in the making, and it has had and will continue to have major implications on the rental housing market decades into the future, buying your first home at 25 that was your grandparents or maybe your parents. Today, it kind of goes like this in life's journey for the wannabe homeowner, First comes the gray hair, then comes the mortgage. Last year, we learned that the average first time homebuyer age in America has moved up to 40. Back in 1981 it was age 29 per the NAR. More specifically one's real estate journey, it basically now goes like this, rent, rent, rent, have roommates again, go back to renting, chiropractor, Bank of mom and dad, then a mortgage maybe.   Keith Weinhold  3:34   Yeah, the home ownership rate, it keeps falling among every age group, most sharply among 30 somethings. The translation here is that more renters are coming. For those in their 30s, the home ownership rate maxed out at 69% in 1980 it's fallen to just 47% today. Those that are older, for those in their 40s, the homeownership rate maxed out at 78% in 1982 it has fallen to just 62% today and so on. Every 10 year age group all the way to those age 80 plus, the homeownership rate has fallen for all of them over the decades too, every single age cohort. The home ownership rate has fallen over the decades, and that is all per the Census Bureau. I'll tell you why this forever renter trend just keeps strengthening in a moment. But if you don't own your home, here are your current housing options. You can live with your parents. Yes, welcome back childhood bedroom with those glow in the dark stars on the ceiling. Sadly, you can be homeless. That is really not good. Or the other option is you can rent something nice, new, modern, and energy eficient. The group in which home ownership has fallen the most are those 30 somethings. 20 somethings aren't even part of what the Census Bureau reported here. It fell most sharply in the 1980s and then again, after the great recession. And here's what I know you might be thinking because we have some of the smartest listeners around. I bet that during times that buying was cheaper than renting, the trend reversed. That's what you might be thinking. No, it didn't. Regardless of what is cheaper, over time, the home ownership rate just keeps falling despite those periods, whatever is cheaper renting or owning now the overall home ownership rate that's fallen just since 2023 from 66% down to 65% that might not sound like much, but a Full 1% drop there means 1.3 million new renters already, just since 2023 and now you might be thinking, well, this is like totally because home prices and mortgage rates have been higher since that time. They've been higher since 2023 you are, in fact, somewhat correct about the affordability on a median priced home today, which is around 420k, I mean a 10% down payment and closing costs, that means you're out of pocket, probably more than 50k and it's 100k plus for a 20% down payment. And this is often an insurmountable hurdle without financial help from the Bank of mom and dad. But this is all part of a longer, multi decade set of trends. And look, a lot of these trends don't have much of anything to do with finances. People are renting longer because Americans wait longer to marry and have kids, and this has persisted, whether economic cycles are good or bad, and certainly, regardless of what mortgage rate levels are, younger generations value flexibility. That's another reason people are renting longer. Also 30 somethings are just simply more comfortable with subscription models like renting. I mean, look at Netflix and Uber and Spotify. It's been decades since anyone actually bought DVDs or CDs. Yeah, renting is just sort of another subscription model. More. Boomers are also renting for convenience. They would rather play pickleball instead of mow a lawn. This is something that they figured out a while ago. Also higher consumer and educational debt keeps people renting. You've got buy now, pay later. Companies like Klarna that are booming and mortgage eligibility got sucked from souls when all this happened? Hey, I've got more a ton of reasons for why more and more people are renters today, and how this trend is your friend if you are a rental property investor.    Keith Weinhold  8:13   Also, let's be mindful when we broke the gold standard in 1971 asset prices took off like a Blue Origin launch, and wages stagnated. That makes it tough to patch together a down payment and look, there is still an antiquated notion out there that apartments especially are like replete with paper thin walls and one in every five units is a meth lab. Have you toured apartment buildings, fourplexes, duplexes and single family rentals built in the last 10 years? Sheesh. Great amenities. Expect to see granite countertops, patios, fenced yards, gyms, sometimes even pet spas at Class A apartments, washer, dryer in unit. I mean, that has been standard for a long time, LED lighting, smart locks, increasingly office nooks for remote workers. Those are the modern amenities that you find in a rental. So the bottom line here is that as Americans age, there is an elongated renter stage of life. It's not just prices or rates, it is lifestyle. And this is why, even when affordability improves, the homeownership rate should continue to drop. More rental demand is coming. So yes, an elongated renter stage, this forever renter, if you will. That is somewhat about finances, but it is more, and this shapes the landlordtenant landscape for decades. And of course, your advantage here at GRE is even if you live in a High Cost part of the nation, we know how to buy here, say, a brand new build to rent single family property in an investor advantage place like Indiana, Missouri, Alabama or Florida, and we get it for, say, 300k or so, and you get a tenant that will pay you rent for four years or more in a lot of cases. So we've been talking about where the rental demand is coming from. It is both a lifestyle choice and a financial consideration for your tenant. Now this forever renter trend, that's something that really matters if you are providing housing to people. But some real estate trends just move so slowly, so glacier like that, you can kind of get lulled to sleep, until one day you look up and a trend has crystallized like the one that I just described. Let's compare a trend like that to something that people think matters a lot, and this does matter, but its importance is overinflated, and that is, for example, the President's nomination of a new Fed chair this year, and how that's going to move the real estate market. No, not as much as people think, as we've learned here, mortgage rates actually don't have that much to do with home prices. And yes, mortgage rates do move. They are correlated with the Fed funds rate. Yes, they are. When one is high, the other will be high. When one is low, the other will be low. They just don't move in direct lockstep. Let's listen in to the remarks of one Donald John Trump on the matter, because he talks about housing here. This is about a minute long, and then I come back to comment when Trump says him, he is apparently pointing to Treasury Secretary Scott Besant, who was in the room at the time, but as you'll hear, he's not expected to be the Fed Chair selection.    Speaker 1  12:06   Have you started the interviews for the Fed chair? Yes. Who have you interviewed? Ithink I already know my choice well. I like to him, but he's not going to take the job very fast. You like Treasury better, right? Much better, sir. So we are talking to various people and the I mean, frankly, I'd love to get the guy currently, and they're out right now,but people are holding me back. He's done a terrible job, hurting housing a little bit. The truth is, we've been so successful, we've blown past his interest rate. Stupidity. He's been wrong. That's why I call him too late. He's too late. Jerome, too late. Powell, he was recommended to me by a guy that made a bad, you know, bad choice, and it's too bad. But despite that, it's having very little impact, because we have, you know, we have all of these things happening, but it has an impact on housing to a certain extent. He's a fool. He's a stupid man, but we have some very good people   Keith Weinhold  13:09   yeah. So this matters, but it's as much entertainment and almost comedy against a demographic trend like the Forever renter propensity, a calendar year recently ended. It's time to make a quick rundown of the overall investing landscape. Once in a while we do that. It's good to check the movement on other asset classes outside real estate. It's our asset class rundown for last year, the s, p5, 100 was up nearly 17% that's the third year in a row of double digit gains in the year that Warren Buffett stepped down as CEO of Berkshire Hathaway, there's a warning. The S and P Schiller price to earnings ratio soared above 40 for only the second time in history. That's an indicator that stocks are overvalued. The only other time that happened was during the.com bubble in real estate, single family home values were up about 2% per the NAR just over 1% per Kay Shiller, apartment building values were flat to a slight decline. There is no such thing as an official apartment building Price Index, CPI inflation, up almost 3% on the year. It now hasn't been at the Fed's target of 2% or lower for a calendar year since 2019 Yeah, it has run hot all that time. Last year, mortgage rates fell from 6.9% to 6.2% and then, as you would expect, the yield on the 10 year treasury note also fell from 4.6 to 4.2 The dollar fell hard with a thud down 9% its worst performance since 2017 WTI oil prices fell from 70 bucks to $58 that's an 18% decline, but really the story of the year among all asset. Classes is what happened with precious metals, gold up a staggering 68% over the past year, touching an all time high of about $4,500 silver, up about 155% leaving investors flabbergasted and slack jawed, touching an all time high of over $80 platinum and palladium had near triple digit gains the real price of gold. This means inflation adjusted even jumped to its all time high last year, significantly surpassing the previous peaks of 1980 2011, and 2020. Realized this. More than 80% of all the recoverable gold on earth has already been extracted. Silver has been the top performing major asset class. In fact, today, a little one ounce silver coin is worth more than a 300 pound barrel of oil. Sticking with the topic of metals, inflation finally killed a penny. The last one was minted in 2025 in Philadelphia, ending a continuous run of the US minting the penny since 1792 no more. Bitcoin was down 6% falling from 93k to 87k the NASDAQ is aiming for near round the clock trading. It currently trades 16 hours a day, five days a week. They are looking to go up to 23 hours a day, five days a week in the second half of this year. That's our year end asset class rundown    Keith Weinhold  16:34   coming up in future weeks of the get rich education podcast. I am going to do an episode on overpopulation versus underpopulation? Is the world over or underpopulated, and is the United States over or underpopulated? This obviously has huge implications for the housing market. Then on another episode, we're going to discuss a real estate axis strategy we've never discussed before, called the 721 exchange. Now you might have heard of the better known 1031 tax deferred exchange, but the 731 is different. When you get older as a property owner and you realize that you don't want the hassles of landlording anymore, you can sell your properties to a partnership. The 721 exchange dictates that this is not a taxable event, and therefore no capital gains taxes or depreciation recapture are due. Property owners still get the benefits of cash flow and the appreciation across a greater number of properties and markets, and it's a great estate planning tool as well. Yes, that's the 721, exchange. We are going to cover it here. When it comes to investment real estate, I guess we cover nearly everything that's coming up on a future episode. As for today, we're talking about property taxes, if they go away, what replaces them that comes up shortly? Visit get richeducation.com to learn more about how we help you and what we do, and to get connected with real estate. Pays five ways type of properties. Visit gre marketplace.com. I'm Keith Weinhold. You're listening to get rich education.    Keith Weinhold  18:23   You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why? Fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products. They've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre, or send a text. Now it's 1-937-795-8989,yep, text their freedom coach directly. Again, 1-937-795-8989,   Keith Weinhold  19:34   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage, start your pre qual and even chat with President chailey Ridge personally while it's on your mind. Start at Ridge lending group.com that's Ridge lending group.com    Jim Rickards  20:05   this is author Jim Rickards. Listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  20:22   Welcome back to get rich education. Episode 588 for the 12th consecutive year here, I'm your host. Keith Weinhold, I look forward to perhaps meeting you in person this coming weekend, as I'll be attending the real estate guys create your future goals retreat event in Colorado Springs. You probably remember that we have had the events host and leader, Robert Helms, of the real estate guys on the show with us here several times in the past. What a class act I am spending a few extra days after the event in Colorado Springs to both look at local real estate in that market and climb the Manitou incline, that's this grueling climbing challenge up a slope of Pikes Peak. If you want to climb with me after the real estate guys event, bring your running shoes and I'll lead a group of us up there    Keith Weinhold  21:13   if property taxes go away, what replaces them? Realtor.com recently had a terrific article about this that you can look up the property tax revolt is spreading, but the replacement plan isn't let's look at the probability and possibility of eliminating property tax. Think about how property tax elimination would increase the value of your property well, because now every buyer could afford to pay more, since they won't have that property tax expense. And of course, if you were to remove property tax as a line item from your income and expense statement, your cash flow could double, triple, or even five or 10x depending on your current cash, on cash return. But that cash flow part is less likely because most efforts to eliminate the property tax, they focus on homes, primary residences. Well, several states have either active legislation efforts or these sort of informal grassroots movements to significantly cut down or just totally abolish property tax, but no state has fully eliminated them yet. The most prominent efforts are in five states, most notably Florida, where Governor Ron DeSantis has made the most noise about it. He proposed eliminating property taxes on homesteaded which are primary residence properties, and he aims for a constitutional amendment on the November ballot to achieve this, that is 10 months from now. And that proposal, it's still pretty early in the legislative stages, and the state is also considering property tax rebates in the meantime. Now, even if you own rental property, and property tax were only eliminated on primary residences, it would still cause the value of your property to boom pretty nicely, even if it didn't help the cash flow. The state that's made the second most noise is Ohio. A grassroots organization has called Citizens for property tax reform. They have actively campaigned to place a constitutional amendment on their ballot that would just totally abolish property taxes statewide. Third most is Kansas. They propose legislation and that aims to effectively bump up sales tax to replace property tax. The fourth out of five is North Dakota. Let's look at what they're doing following a failed 2024, ballot measure to just totally abolish the property tax outright. Well, there's a new proposal from the governor, and that seeks this phased out elimination for most homeowners over a decade. And see, North Dakota has a slightly better chance of pulling that off, because they can fund that from the state's Legacy Fund, that's their oil well fund, and then making the fifth most abolition of property tax noise is my home state of Pennsylvania. Lawmakers have introduced bills to eliminate all property tax. They also aim for a constitutional amendment to put that issue before the voters. So they are the five states that have made the most noise, and that's what their approach is.    Keith Weinhold  24:43   Now, seemingly for most of my life, homeowners and landlords have griped about property tax, saying it's the most ridiculous tax of them all, because you pay it year after year after year in perpetuity. And it just never goes away. Unlike other taxes that are just a one time tax, even if your property's mortgage is paid off, you still have a house payment, and that is largely due to property tax. Understand, though, that currently a lot of states give you a reduced property tax once you reach a senior age, usually age 65 plus some start as low as 61 but when it comes to eliminating the property tax, there's a part of the conversation that's really important, and it has been notably absent, and that is a novel solution to replace the lost revenue. And it gets rather interesting to look around and see where else the money might be raised if they eliminate property tax. See, and this is really important to understand, property taxes generate 70% of local revenue, up to 90% of school funding and 25% of all state and local tax revenue in aggregate in Florida. Okay, that's just in Florida those numbers, but a lot of states have a similar scenario, and in Florida, that comes out to about $50 billion a year. That is a big hole to plug, that is a big gap to fill, and it underlines both the burden homeowners are currently shouldering and how hard it's going to be to fill that gap with anything that's more stable or equitable, that's going to last as a funding source, yes, 90% of school funding. You heard that, right? If you talk to an old timer, you know sometimes you still hear an elderly person refer to property taxes as school taxes. So see, this question of, Do you want to abolish property taxes? One reason that's become louder and louder these past few years, and why you hear more about it is due to that increased affordability strain. That's why you're hearing more about it now the question, do you want to abolish property taxes? That is the wrong question. A grassroots push to AX the property tax that's gained traction, really, among some senior homeowners facing property tax bills that are as high as their mortgage. Once was last summer, for example, in Mahoning County, Ohio, the tax delinquency rate hit 18% almost one in five people having trouble paying their property tax, and that county had more than 70 million in unpaid property taxes. In some neighborhoods in Youngstown, as many as one in three homeowners were behind. And in Cuyahoga County, which is basically Cleveland, values jumped 32% on average after reassessments that fueled a $60 million dollar increase in past due balances this whole do we want to abolish property taxes? Question? You're going to see why that's the wrong question and why it's incomplete, because that slogan that skips the only part that really matters here, and that is, what is the replacement plan, realistically, taxpayers should be asked if, in lieu of property tax, they'd rather pay higher sales taxes or higher income taxes, or for those with no state income tax, like Texas or Florida, pay one for the first time. I don't like those answers. I wish governments would spend more efficiently, but that's not the angle that we're looking at here. Property taxes are the true lifeblood of local governments. I mean, they fund everything from public safety to roads to schools, and just because property taxes disappear, well that doesn't mean that the need for firefighters goes away, that the need for police officers goes away, or the infrastructure for public school systems is going to be gone, or the roads go away. So if property taxes are cut, then another revenue generating device has to emerge to keep services funded and running. And it's a little funny. I've been talking about certain states here. But of course, property taxes are exacted and assessed at the county and local level. And look, I mean, you know how the world works, you know what the nature of society is. As soon as someone has their income stream, they quickly grow into that lifestyle and the new larger spending pattern. So taking away an existing income stream or even reducing it a little, I mean, that can almost trigger outrage and protests, for example, the outcry that we had last year about cutting snap payments. But it works this way. With anything. I mean, sheesh. For the majority of Americans, if you cut their income even 10% they would struggle to survive. They would struggle to put food in the fridge. So these repeal the property tax campaigns, they often avoid the reality of the replacement math.    Keith Weinhold  30:19   Now, some states have taken a swing at replacing property tax revenue, but few, if any, have succeeded. Now, Nebraska lawmakers, what they did is they floated higher cigarette taxes as a way to fund a goal of cutting their property taxes by 40% I mean, nice try. But according to an analysis by the Tax Foundation, that tax base was far too small. I mean to tell you more about what a terrible miss. This example is Nebraska cigarette taxes. They raised about $52 million in 2024 while property taxes raised $5.3 billion that is 100 times more, not even close, even if you could raise more money in the short run, excise revenues like this cigarette tax, they're pretty volatile, and they often shrink as the demand ebbs and flows. So it really makes them a poor backbone for expenses that grow over time, and they don't eliminate the cost so much as concentrated. So what they do is they sort of shift this broad civic obligation funding all this stuff, police, fire, school, from homeowners onto a much narrower group, in this case, people who smoke. That is not going to work for Nebraska, all right, well, what about a bigger deal, like replacing it with sales tax? Well, they run into a different problem. Local economies are not built the same. You might have a sales tax heavy tourist County, well, they can raise far more money than an agricultural county. And Florida is a clear illustration. They have lots of tourism and lots of agriculture replacing property taxes with sales tax. That would require eye popping sales tax rates too. According to the Tax Foundation Florida statewide, they would have to go from 7% to over 15% sales tax in Florida. But it gets even worse, because counties with a thin sales tax base would have to charge over 32% sales tax. My gosh, that is not going to work, all right. Well, how about another big one? Let's have income taxes replace property tax in a lot of states. I mean, the income tax that's large enough to raise pretty meaningful revenue. But the trade off is that income taxes come with their own sort of economic and political distortions, and once they're added, you know, they rarely stay confined to the tidy swap that voters were promised. I mean, look at New Jersey. They adopted an income tax in the 1970s to provide property tax relief, but over time, that swap proved hard to manage and hard to enforce, and now today, New Jersey has one of the highest effective property tax and state income tax rates combined in the nation. So the point is that all these property tax replacement tools are just inherently piecemeal. Each tax or fee has like this different payer base or some different vulnerability. I mean, if tourism dips, for example, revenues could drop really fast. And the same is true if a regulated industry contracts, or if consumption patterns shift. And you know that volatility, that's manageable for some narrow program, but that is dangerous as the foundation for essential services like public safety and street maintenance and police and schools and fire. Well, how about forgetting all that? Let's just have the government then totally get out of providing public safety and not have the government provide street maintenance and have the government get out of schools. I mean, we used to have more private companies provide you with some of those services. We didn't even have a federal income tax at all until 1913 other than a temporary one to fund the Civil War. But all of that is a bigger topic that we are not going to get into today. The point is, instead of asking the question, do you want to abolish property taxes? The better question is, which replacement are you choosing and who pays for it? Because local costs come on, they're just not likely to shrink anytime soon. After all, all of this schools, fire and police departments, public works, divisions, they're all subject to the same inflation and the same rising costs as the rest of the economy is so the property tax is unpopular. As it is, it does have one functional advantage. It is tied to this immovable base of properties. It's collected locally, and it's designed to fund on going services. That is not to say that some homeowners don't need relief. Some of them clearly do. But eliminating property taxes, that just does not eliminate the underlying cost of government. All it does is reallocate it, and that reallocation can get messy, that shifts a bigger burden onto a smaller share of taxpayers, whether it's smokers, like it was in Nebraska, or whether it's rural shoppers like the Florida sales tax example, or doubly on working homeowners, like it is in the New Jersey income tax example. I have studied this, and I have not seen novel approaches that really keep communities funded without creating some new distortion somewhere else. But unfortunately, one thing that I have seen is this repeal rhetoric, and it makes these political platitudes all that want to just conveniently skip the replacement plan, but it all sounds good and popular when someone stands up there and says that they want to eliminate property taxes. So really the honest question on a ballot. It's not, do you want to abolish property taxes? The honest question is, are you willing to pay higher sales taxes or higher income taxes or adopt one for the first time and accept the distortions that those choices to create to eliminate the property tax? I'm not going to get into the political side of all this, because that's not what we do here. The bottom line is, though, that you're probably going to hear more about the property tax going away. It is unlikely, of course, as income property investors here, property tax is largely built into the rent. It is passed along to your tenant, and a small reduction would help you out, probably not so much on your cash flow side, since most of these proposals are only for primary residences, but even a small property tax reduction on primary residences that would boost all property values, even rental property in the one to four unit space. But you shouldn't expect much here. If property taxes are eliminated, there is just no easy and viable replacement. That's your answer today, if you represent a company that serves real estate investors get rich. Education has over 3 million IAB certified downloads and 5.8 million total listener downloads. You can learn more about advertising on the show at getricheducation.com/ad, that's get rich education.com/ad   Speaker 2  37:51   for the production team here at GRE, that's our sound engineer, bedroom jampo, who has edited every single GRE podcast episode since 2014 QC and show notes Brenda Almendariz, video lead, Binaya Gyawali, strategy Tallah Mugal, video editor, Saroza KC and producer me, we'll run it back next week for you. I'm your host. Keith Weinhold, Don't Quit Your Daydream.   Speaker 3  38:17   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  38:45   The preceding program was brought to you by your home for wealth building, getricheducation.com