Podcasts about Redfin

Today, we're talking to David Selinger, founder and CEO of Deep Sentinel and co-founder of Redfin. We discuss why he's convinced that virtually every home security tool on the market does nothing to actually stop a crime, how a crossbow-wielding intruder on his own driveway became the ultimate test of that theory, and why he'd rather protect his family with a blurry camera and a real person behind it than a flawless 4K feed with nobody watching. All of this right here, right now, on the Modern CTO Podcast! 

Hi everyone - we have reuploaded our interview with Mike as there was an audio dropout in the original episode. Sorry for this - it sounded great during recording and editing!Harvey Hancock is joined by Mike DelPrete and Simon Baker to unpack the war on portals.00:00 - intros00:52 - Mike's Madrid preview04:12 - The FTC's settlement with Zillow and Redfin07:19 - Why Rocket's ownership of Redfin makes rentals strategically valuable09:01 - The “war on portals” and why portal pricing is under attack12:02 - Industry-wide self-inflicted wounds19:44 - Are mature portal businesses losing their entrepreneurial muscle?25:16 - Why unique inventory matters most38:24 - OutrosGet your tickets to PPW Madrid here! https://www.eventbrite.com.au/e/ppw-e...

Harvey Hancock is joined by Mike DelPrete and Simon Baker to unpack the war on portals.00:00 - intros00:52 - Mike's Madrid preview04:12 - The FTC's settlement with Zillow and Redfin07:19 - Why Rocket's ownership of Redfin makes rentals strategically valuable09:01 - The “war on portals” and why portal pricing is under attack12:02 - Industry-wide self-inflicted wounds19:44 - Are mature portal businesses losing their entrepreneurial muscle?25:16 - Why unique inventory matters most38:24 - Outros

This week: The NBA suspends former Microsoft CEO Steve Ballmer for a year and hits the Clippers with $30 million in fines and five lost draft picks over allegedly sham endorsement deals for Kawhi Leonard, drawing comparisons to the Microsoft antitrust era. A new Redfin report says San Francisco's housing market is booming on AI wealth while Seattle slumps, with the Bay Area-to-Seattle migration pipeline nearly dried up. And the Seahawks sale to the Khosla family officially closes, ending the Paul Allen era, with two familiar Seattle tech names surfacing in the new ownership group. Plus, the return of the GeekWire Trivia Challenge. Related Stories and Links Ballmer / Clippers NBA suspends Steve Ballmer for 1 year, fines L.A. Clippers $30M over salary-cap scheme NBA announces penalties and findings arising from investigation of LA Clippers and Kawhi Leonard — NBA Read the NBA's Report on Clippers, Kawhi Leonard, and Aspiration — Front Office Sports NBA announces punishments for Clippers after Kawhi inquiry — ESPN The Briefcase, Ballmer's Social Network and Aspiration's House of Cards: Kawhi-Gate Part VII — Pablo Torre Finds Out Redfin / SF vs. Seattle housing AI wealth fuels San Francisco's housing boom while tech layoffs weigh down Seattle Uber laying off 93 Washington state workers, hitting engineer and management roles at Seattle office Qualtrics cut 117 jobs tied to Seattle headquarters, new filing shows Seahawks sale Two familiar Seattle tech figures turn up on Seahawks co-owner list as sale is finalized 'I'm the 12th man ... I want to represent that': New Seahawks co-owner with deep Seattle tech roots What to know about Vinod Khosla, the Silicon Valley legend whose family is buying the Seahawks Apptio co-founders reunite to launch enterprise AI startup Thira with $21M in funding led by Madrona See omnystudio.com/listener for privacy information.

Vacation rental listings have hit a record high of 1.77 million, but national occupancy has crashed to around 50%.In this week's market trends episode, Matt Lombardi and Steve Kaempf break down why so many short-term rental investors are now underwater and quietly selling off. Plus: a new bill (the MOVE Act) proposes letting homeowners transfer their low mortgage rate to their next home, Zillow pays Redfin $100 million to settle an FTC antitrust case, NAR launches a new Commercial Real Estate Demand Index, the Sitzer-Burnett settlement is officially upheld on appeal, and a new report names Illinois the most affordable state in the US for typical buyers.They also break down July housing stats for Illinois, Chicago Metro, and Wisconsin — where Chicago inventory is down over 26% year-over-year.New episodes of Market Trends drop every week — subscribe so you don't miss the next one.#VacationRentals #HousingMarket2026 #RealEstateNews #MarketTrends #Zillow #MortgageRates #RealEstateInvesting #ChicagoRealEstate #ShortTermRentals #RealtorLife #markettrends #peoplenottitles Full episodes available at www.peoplenottitles.comPeople, Not Titles podcast is hosted by Steve Kaempf and is dedicated to lifting up professionals in the real estate and business community. Our inspiration is to highlight success principles of our colleagues.Our Success Series covers principles of success to help your thrive!Website: http://peoplenottitles.com/ YouTube: https://www.youtube.com/@peoplenottitles/videosInstagram: https://www.instagram.com/peoplenottitles/ Linkedin: https://www.linkedin.com/in/stephen-kaempf-b66a8013/ X: https://x.com/sjkaempfSpotify: https://open.spotify.com/show/1uu5kTvBhxsbgjskQS1SXK

Harvey joins Simon for a fast-moving news roundup covering Idealista's planned expansion into France, Zillow's FTC settlement over its Redfin rentals deal, and results from KE Holdings and Swiss Marketplace Group.We discuss strategy, market structure, cross-border expansion, and where portals may need to evolve beyond pure advertising to stay relevant.00:00 - Introduction and the news roundup format00:53 - Idealista's France expansion and the market context16:28 - Zillow's FTC settlement and the Redfin rentals deal22:34 - Czech Republic and Bezrealitky30:03 - KE Holdings Q234:54 - Swiss Marketplace Group interim report and market reaction44:41 - Wrap-up

Washington State posted the second-largest net outflow of house hunters among the nation's 100 largest metros in Q1 2026, per Redfin. IRS data shows a net loss of nearly 19,000 taxpayers and $1.66 billion in adjusted gross income between 2021 and 2022. Mark Harmsworth of the Washington Policy Center examines what the moving data actually says about housing costs, taxes, and who is leaving. https://www.clarkcountytoday.com/opinion/opinion-washingtonians-are-voting-with-the-moving-truck/ #Opinion #WashingtonState #Migration #HousingCosts #Taxes #WashingtonPolicyCenter

Zillow and Redfin have reached a settlement with the Federal Trade Commission over a $100 million rental listings agreement that regulators said reduced competition. Redfin will now restart its rental advertising business, while its partnership with Zillow can continue. Kathy Fettke breaks down what happened, why regulators stepped in, and what the settlement could mean for landlords, property managers, renters, and real estate investors.   Do you want to invest in a rental property before the end of the year? We're here to help! Get your FREE PDF at www.Realwealth.com/90Days.   Source: https://www.cbsnews.com/news/ftc-settles-zillow-antitrust-case-redfin/

The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob and Greg open with Greg's car breaking down in 112-degree heat outside Barstow, then dig into the FTC's settlement with Zillow and Redfin over their leasing business deal, which regulators viewed as an attempt to dodge merger review. From there, the two spend most of the episode debating a bigger question raised by Rob's recent exchange with Mike Wurzer: did the MLS create genuinely new value by aggregating listings, or was that value always meant for real estate professionals rather than consumers? The conversation ranges across aggregation theory, the history of IDX and portal dominance (Zillow, Redfin, realtor.com), whether companies like House Canary and paper brokerages even qualify as "brokerages," and the 2008 DOJ settlement's actual scope. It closes with a debate over how to legally define a broker at all. Key Takeaways The FTC pushed back on Zillow's attempt to acquire Redfin's leasing business without triggering merger review; the settlement requires Redfin to restart its own rental business, though it can still display Zillow rental listings. Rob calls the $100M settlement a "slap on the wrist" rather than a real penalty for either company. Rob's central argument: the MLS's aggregation of listings created value primarily for practitioners, comparable to Lexis Nexis and Westlaw's value to lawyers, not inherent value for consumers. Greg counters that aggregation itself creates new value regardless of who captures it, and that consumers clearly benefit from having listings in one place. The two trace the history of real estate going online — IDX, the rise of Zillow, Redfin, and realtor.com — and agree the portals won because they outspent brokerages on user experience. Rob argues the industry should unwind IDX in favor of straight data syndication to portals, separating "cooperation" (MLS's original purpose) from "data distribution" (a later add-on). Greg pushes back that most agents don't actually get leads from portals directly, but Rob argues that undercuts the case for IDX mattering to them at all. A long tangent debates whether entities like House Canary or paper brokerages qualify as "brokerages," and whether the 2008 DOJ settlement (about brokerage business-model discrimination) supports keeping IDX — Rob says no, Greg disagrees. The episode ends unresolved, with both agreeing to continue the debate and possibly bring Mike Wurzer on to discuss further. Links Debating Rob Hahn In Ohio: Are MLSs Killing Themselves? Continuing the Debate with Mike Wurzer Riposte with Rob   Connect with Rob and Greg Rob's Website  Greg's Website    Watch us on YouTube   Our Sponsors: Cotality  Notorious VIP The Giant Steps Job Board    Production and Editing Services by Sunbound Studios  

On today's episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about recent government actions and whether those will be able to lower mortgage rates. Related to this episode: What can the government do to lower mortgage rates? HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ HousingWire Mortgage Banking Summit – October 1 More info about HousingWire Top 5 Trending: NEXA Lending acquires UMortgage, adds Anthony Casa to exec team Fannie Mae reportedly cuts senior executives across business lines Zillow, Redfin reach last-minute FTC resolution before trial What can the government do to lower mortgage rates? loanDepot receives NYSE notice over sub-$1 share price Want more from Sarah? Don't forget to subscribe! The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.

-There's no guarantee that anything Threads tries out will get a formal release, but providing more support for content creators to leverage the platform appears to be a priority for the platform. -ESPN is increasing the cost of every single one of its subscription plans. -As part of the settlement, Redfin has to reenter the ILS market and make commitments that would ensure its competitiveness, including a relaunch with "significantly more listings." Learn more about your ad choices. Visit podcastchoices.com/adchoices

Housing affordability isn't just about home prices. A new Redfin analysis finds that housing and childcare for one child now consume about 52% of the typical working family's income nationwide—and in some expensive metros, the combined cost approaches an entire household income. Kathy Fettke looks at where families have the most financial breathing room, where affordability is stretched to the limit, and why rising childcare costs could force some families to delay homeownership and remain renters longer. Plus, what these changing affordability dynamics could mean for rental demand and real estate investors.   Get your Free PDF on which markets RealWealth Investors are choosing at www.Realwealth.com/AffordableMarkets.     Source: https://www.redfin.com/news/housing-childcare-costs-winnie/

Good companies don't automatically get noticed. And doing good work isn't enough to ensure that customers, investors, journalists, communities, or increasingly AI systems understand why your company matters.Melissa Baldwin has spent more than 20 years exclusively in energy and climate communications. As Senior Vice President at Tigercomm and host of the Scaling Clean podcast, she's had a front-row seat to what helps companies earn attention and trust, and what causes otherwise strong companies to remain largely invisible.Melissa and Nico dig into why communications is routinely underfunded, why executive silence is itself a strategic choice, and what the best companies do differently to become useful sources of information for their markets. Melissa shares examples from Zillow and Redfin, explains why proprietary data can create authority far beyond traditional promotional content, and makes the case for giving CEOs a much larger role in telling the company story.Then they turn to a rapidly changing question: what happens when discovery moves from Google search results to AI-generated answers? Melissa explains how longer, more specific prompts are changing search behavior, why mentions and credible third-party sources increasingly matter, and how companies can begin auditing whether they even show up when an AI system is asked who matters in their category. The conversation also explores why community engagement should be treated as project risk management and why developers need to begin earning local trust long before they need an approval.Expect to learn:

Simon and Harvey get together for a roundup of this week's news stories, including Silver Lake's Housetrack divestment, new data on Redfin and Boneo, and a long conversation about international expansions.0:00 sponsor messages and intros1:04 Silver Lake and Hometrack12:09 Redfin and Boneo26:00 International Expansions

Success leaves clues. When I'm looking for vacant land markets, I don't try to guess where the next hot area will be. I follow the money and look for where people are already buying land.I start broad and quickly narrow things down from the country to the state, county, and eventually the specific zip codes where deals are happening. Using tools like LandWatch, Redfin, Zillow, ChatGPT, and the Land Portal, I can see where properties are selling, what acreage buyers want, and what they're willing to pay.Think of it like fishing with a depth finder. I don't want to throw my line into empty water and hope something bites. I want to see where the fish already are. Once I find those pockets of demand, I can build a targeted seller list, make intelligent offers, and focus my marketing where I have a much better chance of doing deals.What's Inside: —How I narrow my search from states to counties to hot zip codes—Using recent sales activity to see where buyers are spending money—How I use AI to quickly analyze land sales and pricing data—Why targeted seller lists beat spray-and-pray marketing

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Send us Fan MailThe old internet rewarded people who knew how to get found.The new one is going to reward the people who become the answer.Frazier and Michael are back on the MLO Project, and they are coming in direct, tactical, and very clear on where mortgage content is headed next. The conversation centers on Frazier's shift toward helping loan officers become the answer in their local markets, not just another name trying to rank, post, or compete with the biggest players online.For years, loan officers played in the search economy.Google something.Scroll through results.Click around.Hope the answer is somewhere in the mess.But AI is changing that behavior. Consumers are not just searching anymore. They are asking better questions and expecting direct answers. And if your content is not structured to answer those questions, you are already playing the old game.This episode breaks down what the “answer economy” means, why hyperlocal content matters, how AEO is different from traditional SEO, and why loan officers have a real land grab opportunity right now if they move before everyone else catches up.Because you are not going to outspend Zillow, Rocket, Redfin, or the bigs.But you can out-answer them.What You'll LearnWhy the internet is shifting from the search economy to the answer economyWhy loan officers need to answer real consumer questions, not just post generic mortgage contentHow hyperlocal blogs can create organic leads without being directly mortgage-relatedWhy AEO and SEO are connected, but not the same thingHow structured question-and-answer content helps both Google and AI understand your authorityWhy this is a “time machine moment” for LOs who want to build local authority earlyReal Talk Quotes:“You need to be the answer.”“You are not going to outspend Zillow.”“You're not going to outgeneralize them.”“This is a land grab opportunity.”“Don't talk yourself out of this opportunity.”Tactical Takeaways✅ Stop creating generic mortgage content that tries to compete with everyone✅ Build content around specific questions buyers and movers are already asking✅ Use AI research tools to uncover hyperlocal questions in your market✅ Structure your blogs around direct answers, FAQs, and internal linking✅ Think beyond mortgage topics and become a trusted local authority✅ Move now while most loan officers are still stuck in old-internet content strategyThe Big IdeaSearch is not dead.But search is changing.Consumers do not want more results.They want the answer.And the loan officers who understand that shift early will have a massive advantage.Not because they have the biggest budget.Because they are creating the clearest, most useful answers in their market.The Reality CheckThe market is already hard.Why make it harder by:Playing the same content game as everyone elsePosting generic loan program content nobody is searching forWaiting until the big companies dominate this space tooThe opportunity is not to become louder.It is to become more useful.Answer the questions.Own the local market.Build authority before everyone else realizes what is happening.Find out more at Empower LO or BrokerFuel. MAP is presented by: DIFRNT CoachingFounding Sponsor: MortgageConBroker Sponsor: Summit LendingFriends of the Program: Empower LO

Today's Post - https://bahnsen.co/4hmEuE3 David Bahnsen hosts the Monday Dividend Cafe, recapping a quiet market day with the Dow down 60 points, the S&P essentially flat, and the Nasdaq down 32 bps, while noting rapid credit-spread tightening and the 10-year yield closing at 4.7%. Energy led sectors as oil rose over 5%, while REITs lagged; he highlights that most S&P 500 profit-margin expansion is concentrated in large tech rather than the broader index. PitchBook data show 33,600 unsold private-equity-owned companies globally, up year-to-date. On policy, the Senate recessed after voting to fund the government through mid-December, with no movement on a GOP budget blueprint or the CLARITY crypto bill. The key development was Friday's jobs report: 23,000 jobs lost, large downward revisions, and a lower unemployment rate driven by labor-force exits, reducing September hike odds to 50/50. Redfin data show widespread below-ask home sales, especially in Florida and Texas, and he addresses a listener question about faith references in his Friday piece. 00:00 Welcome and Agenda 00:24 Market Wrap and Rates 00:57 Credit Spreads and Risk 02:18 Sector Moves and Breadth 02:57 Margins and AI Divide 04:12 Private Equity Backlog 05:17 Friday Episode Plug 06:02 Middle East and Oil 06:28 Washington Policy Update 07:21 Jobs Report Shock 07:55 Fed Outlook After Jobs 08:43 Housing Price Softening 10:50 Energy and SPR Levels 11:29 Ask TBG Faith Question 13:49 Closing and Friday Preview Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Harvey Hancock and Simon Baker break down the latest US portal results from Zillow and CoStar Group.00:00 Intros06:13 Zillow's Q2 results and wider context09:57 Zillow layoffs and the AI efficiency question15:16 Realtor.com, Redfin, and the broader traffic trend19:32 Turning tire kickers into qualified prospects20:07 AI assistants as qualification and nurture tools23:36 CoStar Group, Homes.com, and revenue mix38:39 Depth advertising at Homes.com43:11 Final conference reminder

Andew Linn, Owner/Broker for ERA One Team, joins JMN and details incentives available to help home buyers. A recent Redfin survey estimates an average income requirement of +/- $110k to meet expenses associated with owning a single family home in Florida. Linn addresses fiscal and legislative measures to help buyers enter the market and make achieving the "American dream" affordable and accessible. Visit ERAONETEAM.COM to learn more.

Glenn Kelman ran Redfin for 20 years. He says the most important thing he learned had nothing to do with software.Glenn joins Jessica Neal and co-host Jeff Markowitz on Truth Works for an unusually honest conversation about love, leadership, boards, and the handful of decisions that actually decide a company's fate.Glenn is not your typical tech CEO.At 21 he tried to write a novel, got nowhere, and his girlfriend broke up with him for being unemployed too long. He nearly went to medical school twice. He co-founded Plumtree Software in 1997 and took it public, then almost got fired from the company he started. He joined a nearly dead real estate website that a Seattle VC had put $500,000 into, and spent the next two decades turning it into Redfin, a business that saved consumers roughly a billion dollars in commissions before Rocket acquired it for $1.75 billion.In this episode, Glenn traces the whole thing back to his older brother's struggle with alcohol, the emergency room doctors who kept fighting for a patient any business person would have written off, and the moment he decided he wanted to be good like that.He is candid about the parts most CEOs edit out. The board meeting where he quoted Yeats and Colonel Jessup from A Few Good Men. The walk with a Greylock partner that reset his entire relationship with his board. The rentals acquisition he financed with debt in 2021, right before the music stopped. Rewriting a single email 83 times because he could not figure out how to disagree with his new parent company's CEO.Jeff and Jessica bring two decades of executive search experience to the hiring question Glenn admits he never fully solved, including the advice from Jeff that gave Glenn permission to walk away from a candidate he had already taken to dinner, drinks, and references.━━━━━━━━━━━━━━━━━━━━━━TOPICS COVEREDFINDING THE WORK→ Why writing alone in a room made him depressed, and why business is just being creative with other people→ Working for three founders barely older than him and realising he could do it too→ Picking the big idea over the small one, and why ambition makes recruiting easier→ His brother's addiction, the ER doctors, and the decision to do something good inside businessHIRING AND JUDGEMENT→ Jeff's method: go in looking for every reason the person is wrong→ Never hiring someone you are not genuinely excited about, even when you have come too far to stop→ What negotiating severance reveals about a candidate before they start→ Why subjectivity is a feature, not a bug, and the Peter Chernin story behind itBOARDS AND CEO GROWTH→ How a fraught, adversarial board became one of his greatest assets→ Blaming the board when the real problem is the product→ The one question that turns a board meeting from a performance into a working session→ Why $50M seed rounds at $400M valuations have made honest board conversations harderLEADERSHIP AND THE HARD CONVERSATION→ Being too kind for too long, and the cost of hints instead of clarity→ Writing down what you need to say, then throwing the paper away and saying it anyway→ Getting nearly fired at Plumtree in a 30-second conversation, and the turnaround that followed→ Why founder mode has a real insight buried inside a bad excuse→ Making the call people disagree with, then calling them afterwards to replay their argument backWHAT HE ACTUALLY LEARNED→ Working 15-hour days when four or five one-minute decisions created more value than all of them→ Why he stopped trying to be the smartest person in the room→ Real estate agents, a sea of love, and how they changed how he sees business→ His closing gift to listeners: if people feel the love, they will forgive almost anything━━━━━━━━━━━━━━━━━━━━━━Subscribe for more honest conversations with the people who have actually built things.

Why haven't Michigan home prices crashed yet? In this video, I compare today's Michigan housing market with the 2008 housing crash and reveal the hidden number affecting many home sales: seller concessions.Using Metro Detroit MLS data, we'll look at what caused home prices to collapse during the Great Recession, why today's inventory and lending conditions are dramatically different, and how sellers are quietly adjusting without always reducing the recorded sale price.According to the national Redfin data discussed in this video, nearly half of recent home sellers provided buyers with some form of concession. That may include money toward closing costs, mortgage-rate buydowns, repairs or other credits. These incentives typically do not appear in the publicly reported sale price, which means the number you see online may not tell the entire story.

Send us Fan MailThe battle over private listings, office exclusives, MLS access, and who controls real estate inventory has officially reached Washington.In this episode I examine why Congress has launched an inquiry into Compass CEO Robert Reffkin and MRED, and why this investigation could reshape the future of residential real estate.For more than a year, I have argued that the biggest issue facing the real estate industry isn't commissions, buyer agency, or artificial intelligence—it's who controls the inventory. Now the House Judiciary Committee is asking many of the same questions.This episode explains what the July 22 congressional letters actually say, why Congress is interested in Compass' private listing strategy, and what it could mean for REALTORS®, brokers, MLSs, Zillow, Homes.com, Rocket, Redfin, buyers, sellers, title companies, lenders, and consumers.You'll also learn why this debate extends far beyond Compass and private listings. This is really about data ownership, vertical integration, competition, consumer choice, fair housing, antitrust law, and the future of the real estate marketplace.• Why Congress is investigating Compass and MRED• Robert Reffkin's three-phase marketing strategy• Why inventory—not commissions—is the industry's most valuable asset• The battle between Compass, Zillow, MLSs and portals• How private listings affect competition• Fair Housing concerns• Antitrust implications• Why data is becoming more valuable than commissions• Vertical integration and why everyone wants to own the consumer relationship• What this means for REALTORS®, brokers and consumers• Four possible outcomes from the Congressional inquiryCHAPTERS00:00 I Told You So01:35 Congress Enters the Real Estate Fight03:56 Why This Matters04:44 How We Got Here06:15 Compass' Private Listing Strategy08:40 Zillow, MLSs & Consumer Groups Push Back10:10 What Jim Jordan's Letter Really Says13:20 Why Congress is Looking at Competition15:35 Steering, Incentives & Vertical Integration18:00 Is This Really About Data?22:40 What It Means for South Carolina26:40 Four Possible Outcomes29:30 The Future of Real Estate32:55 Final Thoughts34:30 ClosingWhether you agree with Compass or not, this investigation has the potential to influence how homes are marketed for years to come.If you're a REALTOR®, broker, attorney, lender, title professional, appraiser, or anyone involved in residential real estate, this is an episode you cannot afford to miss.What do YOU think?Should sellers have the unrestricted right to market homes privately?Or should every consumer have equal access to every available home?Leave your opinion below.

The U.S. housing market is pretty weird right now. Whether you're a buyer, seller or a renter, it leads to all kinds of questions, like: How did we end up with a housing shortage? Is housing still a good investment? What policies might unlock the housing inventory held by baby boomers? So we called up someone with answers: Redfin's chief economist, Daryl Fairweather. On today's show, your housing questions, answered. This is an excerpt of a live virtual event we held last week for our NPR+ and other qualifying supporters. To hear the entire event, make sure you're signed up for NPR+. We'll be publishing it as a bonus episode in the Planet Money feed next week!    Fact checking by Vito Emanuel.Your Next Listen — Two Cities. Two chip plants. One affordability crisis.Connect with The Indicator — Sign up for The Indicator's brand new newsletter — Find our socials, YouTube and more! — For sponsor-free episodes, subscribe to NPR+ See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

Last year, counties with high flood risk had a net loss of over 60,000 residents — more than double the year before, according to a recent analysis from Redfin. We explore how climate risk is making things less affordable for homeowners. Then, a look at how WNBA players won a landmark new contract. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Last year, counties with high flood risk had a net loss of over 60,000 residents — more than double the year before, according to a recent analysis from Redfin. We explore how climate risk is making things less affordable for homeowners. Then, a look at how WNBA players won a landmark new contract. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in today's episode:Residents flee flood-prone counties for more affordable homesThe labor agreement reshaping the WNBA

Samsung announced new foldables including a phone with an unfolded aspect ratio that makes it wider than it is tall. Plus OpenAI released some details about how one of its agents broke out of a sandbox and hacked Hugging Face to find the solutions to a benchmark challenge. And we debate a recent Redfin poll on how Americans feel about data centers being built in their neighborhood. Finally its the end of the week and we got some Zillow game show action. Can you figure out the price before the panel does? Starring Tom Merritt, Sarah Lane, Robb Dunewood, Len Peralta, Roger Chang, Joe. To read the show notes click here! Support the show on Patreon by becoming a supporter!

Send us Fan MailShould every home be listed on the MLS? Or are office exclusive listings actually in the seller's best interest?The battle over private listings, office exclusives, and Clear Cooperation has become the biggest controversy in residential real estate. Compass, Zillow, Redfin, Homes.com, and the National Association of REALTORS® are all at the center of a debate that could fundamentally change how homes are bought and sold in America.In this episode of Dishin' Dirt, I take a deep dive into NAR's newly released Office Exclusive & Pre-Marketing Guidance and explain what every REALTOR®, broker, and seller needs to know.This isn't another opinion piece. It's a practical walkthrough of what NAR's guidance actually says—and what it means for your fiduciary duties to your clients.I will explain: Why NAR issued this guidance now  The difference between Office Exclusives, Coming Soon, and Pre-Marketing When an office exclusive may truly be in a seller's best interest  The broker's fiduciary duties under Article 1 of the REALTOR® Code of Ethics  Required seller disclosures and informed consent  One-to-one broker communications and Clear Cooperation compliance  Why NAR devoted an entire section to defending the MLS  The real question every listing broker should ask before recommending an office exclusive  How South Carolina's recent guidance aligns with NAR's national position  Why transparency—not technology—is the real issue shaping the future of real estate Whether you're a REALTOR®, broker, attorney, MLS executive, appraiser, or simply interested in the future of residential real estate, this episode will help you understand one of the most important industry issues of 2026.Do office exclusives protect sellers—or do they reduce transparency and competition? Listen and decide for yourself.

Master advanced online home research for your First Time Homebuyer journey, using digital tools effectively while avoiding deceptive algorithms and predatory real estate sites.This episode provides First Time Homebuyers with ultimate tactics for deep online reconnaissance, teaching you how to investigate neighborhoods and properties like a pro. Learn to master advanced digital tools, from Google Maps' hidden features to municipal GIS systems, to uncover objective data and potential red flags. Discover how to avoid predatory online platforms and misleading algorithms, ensuring you rely on your trusted Unicorn team to verify all findings. Ultimately, you'll learn to balance digital sleuthing with real-world exploration, turning online warnings into actionable insights for confident decision-making. "Every online red flag doesn't become something to make you stop looking at something. It's just a yellow sticky note for your unicorn team to verify." — David Sidoni, Nationwide First Time Homebuying Coach HighlightsWhy are massive public real estate sites like Zillow and Redfin more like casinos than helpful tools for First Time Homebuyers?How can you use Google Maps' secret "time travel" features to spot unpermitted renovations or hidden water drainage issues?What's the real truth about unpermitted home renovations, and when should you actually be concerned?How do you find zoning, tax, and permit records using an Assessor's Parcel Number (APN) and county GIS systems?Why are "cash-back" offers, reward programs, and new AI conversational search tools actually traps for unsuspecting buyers?Beyond digital sleuthing, what simple physical reconnaissance tactics can reveal a neighborhood's true character at 2 a.m.?How do you turn every scary "red flag" you find online into a simple "yellow sticky note" for your trusted Unicorn team to investigate?HowtoBuyaHome.com/Guide - Over 100 of our BEST Episodes of Detailed Homebuying Knowledge, Interviews, and MORE! Connect with me to find a trusted realtor in your area or to answer your burning questions!Subscribe to our YouTube Channel @HowToBuyaHomeInstagram @HowtoBuyAHomePodcastTik Tok @HowToBuyAHomeVisit our Resource Center to to get your FREE Home Buying Starter Kit!David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with two decades of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer. Subscribe for regular market updates, and leave a review to help us reach more people. Ready for an honest, informed home-buying experience? Viva la Unicorn Revolution - join us!

Shop Talk this week looks at a study by the real estate platform Redfin, which concludes that retirees should not rely on their homes to be a safety net unless they do the required maintenance and updating. Caught My Eye looks at a story that John discovered was clickbait about a cat and jury duty. Also, Jeopardy is looking to add one new clue writer to staff for the first time in 10 years. First, you must pass the online contestant test to apply. Charles Rudolph Boysen, the inventor of the Boysenberry, is our Business Birthday. We're all business. Except when we're not. Apple Podcasts: apple.co/1WwDBrC Spotify: spoti.fi/2pC19B1 iHeart Radio: bit.ly/4aza5LW Tunein: bit.ly/1SE3NMb YouTube Music: bit.ly/43T8Y81 Pandora: pdora.co/2pEfctj YouTube: bit.ly/1spAF5a Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Join the team behind the popular podcast Planet Money and celebrate the publication of their new book, Planet Money: A Guide to the Economic Forces That Shape Your Life. Book author and longtime contributor Alex Mayyasi, Planet Money host Kenny Malone, and visual host Jack Corbett will bring Planet Money's signature brand of storytelling to the stage and discuss some highlights from the new book, including unlikely origin stories, revealing truths about human behavior, and insightful suggestions for navigating chaotic times drawn from the latest ideas in economics. Daryl Fairweather, Chief Economist at Redfin, will be the special guest this evening. Come prepared to engage with the silly and the sublime and ask some questions of your favorite Planet Money hosts and reporters. Alex Mayyasi is a longtime contributor to Planet Money. Previously he was the founding editor of Gastro Obscura, which earned two James Beard Awards, and published a bestselling travel book, and was also a writer and editor at Priceonomics. His writing on business and economics has appeared in publications such as Smithsonian, the Washington Post, and The Atlantic. Mayyasi also consults for the University of Chicago economics department. He's the co-author of You Are Under Arrest for Masterminding the Egyptian Revolution (a Memoir). Kenny Malone is a cohost for NPR's Planet Money podcast. Before that, he was a reporter for WNYC's Only Human podcast. Before that, he was a reporter for Miami's WLRN. And before that, he was a reporter for his friend T.C.'s homemade newspaper, Neighborhood News. Malone's stories have investigated everything from abuse in Florida's assisted living facilities to health hackers building their own pancreas to the origins of seemingly made-up holidays like National Raisin Day. Or National Golf Day. Or National Splurge Day. His work has won the National Edward R. Murrow Award for Use of Sound, the National Headliner Award, the Scripps Howard Award, and the Bronze Third Coast Festival Award. He studied mathematics at Xavier University in Cincinnati and proudly hails from Meadville, PA, where the zipper was invented. Daryl Fairweather is the chief economist of Redfin and author of Hate the Game: Economic Cheat Codes for Life, Love, and Work. Her insights have been featured on 60 Minutes, CBS Evening News, as well as in the New York Times and Washington Post. Prior to joining Redfin she was a senior economist at Amazon working on problems related to employee engagement and managing a team of analysts. Jack Corbett is the visual host of Planet Money's TikTok account. Corbett shot NPR's first TikTok about the stock market circuit breaker. His reporting style became a perfect fit for the pandemic and the new short-form world order it has left in its wake. Since then, Planet Money TikTok's unique style and sensibility have garnered a devoted, loyal fanbase of young and diverse audiences. Almost four years later, the channel has amassed a large, devoted following of almost 800,000. His TikToks have received almost 15 million likes. In 2023, Corbett's work on Planet Money's TikTok won an Edward R. Murrow award and he's also been recognized by the White House Press Photographers Association. Corbett studied experimental cinema at Ohio State University and started at NPR in 2019 as an intern on the Music team. In his first few weeks, Corbett pitched a documentary to Jazz Night in America, which went on to premiere as part of the Sundance Film Festival in 2021. Corbett lives, breathes and makes bread in The City of Angels, Los Angeles, California. Buy the Book Planet Money: A Guide to the Economic Forces That Shape Your Life Elliott Bay Book Company

Both OpenAI and Anthropic are planning to go public, each pushing a valuation of $1 trillion as of their latest funding rounds. But even before these mega-IPOs send a tsunami of new liquidity through their home city, San Francisco, signs of growing AI wealth aren't hard to find. And no sign is blinking brighter than the real estate market.San Francisco has the highest and the fastest-rising home prices in the country, according to data from Redfin. Recently, a turn-key restored Edwardian home hit the market for just under $3 million, right outside the neighborhood known as Cerebral Valley for its concentration of AI workers.

Both OpenAI and Anthropic are planning to go public, each pushing a valuation of $1 trillion as of their latest funding rounds. But even before these mega-IPOs send a tsunami of new liquidity through their home city, San Francisco, signs of growing AI wealth aren't hard to find. And no sign is blinking brighter than the real estate market.San Francisco has the highest and the fastest-rising home prices in the country, according to data from Redfin. Recently, a turn-key restored Edwardian home hit the market for just under $3 million, right outside the neighborhood known as Cerebral Valley for its concentration of AI workers.

Today we are asking a practical question. Can you get a leading indicator of what is happening in real estate before monthly or quarterly reports from the major brokerages? If you really want to look at the leading indicators, how would you do it? How could you do it? Well, as it turns out, Brokerages like Redfin and Zillow can see activity before it appears in the monthly statistics. They see searches, appointments, open houses, offers, cancellations, and pending contracts. How can an ordinary investor get closer to that same information and understand where the market is moving before the headlines catch up?-------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

Rich Lennon is a longtime real estate investor turned private lender who built one of the largest hard money lending operations in Richmond, Virginia, after a career of flips, rentals, and buy-and-hold deals. He reached financial freedom by stepping out of active investing and into the lending seat, where he now earns 30 to 50% returns doing only a few hours of work per deal while traveling the world.In this episode, Rich breaks down the fractional wrap, the strategy he uses to combine his own capital with private money and capture the arbitrage between what he borrows at and what he lends at. He explains why being the bank is the lowest-risk seat at the table, how to underwrite a deal, why staying local matters, and the morality of protecting your borrowers.David and Rich go deep on the mechanics: the $50,000 starting point, taking a first-loss position to protect underlying lenders, and how returns scale with how hard you want to work. Rich shares why flippers and operators are perfectly positioned to make the jump, since their worst-case scenario as a lender is taking back a property at 50 to 60 cents on the dollar.If you are a real estate investor or entrepreneur who has stacked some cash and wants to put it to work without chasing marketing, finding deals, or managing renovations, this conversation lays out exactly how to move from operator to lender the right way.Episode Highlights[1:06] – David introduces Rich Lennon, his first ever Simple CFO client and the friend who helped springboard the company[4:14] – Rich recalls David finding $800,000 in his books and how that discovery started his path to freedom[4:32] – Why Rich shut down his operating business during Covid and ran the numbers showing he no longer had to work[4:51] – Rich falls in love with lending and travel, earning 30 to 50% returns on a few hours of work per deal[6:13] – Rich's background as a buy-and-hold investor who flipped to pay the bills and built wealth through IRAs[7:50] – Why the lending seat carries the smallest risk and beats flips, short-term rentals, and long-term rentals[8:12] – How a lender gets in at 60% of value when someone else does the marketing, contracts, and closing[10:02] – The Capital One effect and why dentists, lawyers, and executives make ideal private lenders[11:30] – Why you need at least $50,000 to make a fractional wrap worth the effort[12:16] – The case for skin in the game and putting the flipper in first-loss position[13:12] – Rich walks through the fractional wrap math on a $200,000 loan worth $300,000[14:45] – How taking a first-loss position protects your underlying lender at a 30 to 35% loan-to-value[15:40] – Why putting less of your own money in the deal drives your return toward 50%[18:27] – How return scales with effort and why bigger money usually means lower returns[19:36] – Growing lending into a real business and why Rich teaches students to stay local[22:47] – How to underwrite a deal by averaging Zillow, Realtor.com, Redfin, and a fourth source[25:50] – The morality of lending, avoiding stacked penalties, and protecting clients so they return[28:02] – How to reach Rich by text to learn about the fractional wrap5 Key TakeawaysThe lender holds the lowest-risk seat at the table. The mortgage gets paid before anyone else, and if a deal goes bad, the worst case is taking back a property at 50 to 60 cents on the dollar.A fractional wrap combines your capital with private money. You borrow at around 10%, lend at 20%, and pocket the arbitrage, pushing returns to 30 to 50% on the money you put in.The less of your own money you put in, the higher your return. Putting $50,000 into a $200,000 deal instead of $100,000 can take your return close to 50%.Take a first-loss position to protect your lenders. Putting your own money at risk before theirs keeps you a careful steward and gives your underlying lender a safe 30 to 35% loan-to-value spot.Stay local and learn to underwrite. Average four valuation sources to comp a property, keep deals close enough to drive by, and you remove most of the risk that sinks careless lenders.Links & ResourcesSimple CFO — https://simplecfo.comProfit First for Real Estate Investors — https://profitrei.com Investor Addicts Facebook group — https://www.facebook.com/groups/investoraddicts Text Rich Lennon to learn about the fractional wrap — (804) 601-0330Closing RemarkIf Rich's breakdown of the fractional wrap has you thinking about putting your cash to work instead of chasing the next flip, the first step is having the profit to lend in the first place. Take what you learned about moving from operator to lender and share this episode with someone sitting on capital who does not know where to start. Subscribe, review, and share the show, and visit simplecfo.com to take your free discovery call today.

Steve is back from a Royal Caribbean cruise to Bermuda just in time for the WWDC26 wrap-up, and Kotaro wastes no time YOLOing onto the macOS beta to demo Siri AI live. Things go sideways fast when Siri deletes Kotaro's Redfin emails instead of listing their subjects, sparking a wide-ranging conversation about what it actually means to ship AI features to everyday users. The Trio also maps out their WWDC-inspired side project plans for the year ahead.## Chapters00:08 Introductions 00:56 Side Quest: Steve's Cruise Adventures 13:23 Transitioning to AI and WWDC Discussions 17:23 WWDC26 Highlights 22:04 Kotaro Beta Tests macOS & Siri AI 24:17 Xcode & macOS UI Changes 27:10 Kotaro Tries Out Siri AI Live 31:26 Siri Deletes Kotaro's Emails! 41:04 Exploring Siri AI and User Experience 43:25 WWDC26 Insights and Future Projects 52:25 Wrap-Up & One More Thing... 52:46 Tag ## Show Notes- Steve returns from a 5-night Royal Caribbean cruise to Bermuda: escape rooms, cliff climbing, 17k daily steps, and the best lasagna of his life.- The Trio catches up on WWDC26 after Steve's cruise delay, covering Siri AI, SwiftUI improvements, and Swift Data's new results observer.- Kotaro has already YOLOd the macOS beta onto his laptop and shares first impressions of the more refined, less opinionated UI.- New Xcode hides your current branch but gains liquid glass segment controls and an AI assistant for identifying dead code.- Kotaro demos Siri AI live: it correctly locates the Rocky statue and renders a map widget, building some initial optimism about Apple's AI integration story.- Siri AI then accidentally deletes Kotaro's Redfin emails when he only asked it to list their subject lines.- Siri also fails the classic "how many Rs in Raspberry?" test on the local on-device model.- Steve worries that mainstream Siri AI shipping on devices like his dad's new MacBook Neo will create a new wave of family tech support nightmares.- Steve plans to add conversational health assistant features to BentoFit; Kotaro wants to vibe-code Fave10 using only Xcode AI tools and port Retro Sparkle to Godot.## Links**WWDC26**Videos: https://developer.apple.com/videos/wwdc2026/**One More Thing**AppJawn LLC: https://appjawn.com/Apps: Clipdish, Mio Vino, Minimalist Meditation Timer**PhillyCocoa:** https://phillycocoa.orgIntro music: "When I Hit the Floor", © 2021 Lorne Behrman. Used with permission of the artist.Music licensed through Soundstripe. Code: RLF9P8ZZ6MPKNOGX

The real estate industry is changing fast, and this week's headlines are all about power, control, and pressure. Today on This Week in Real Estate, we're talking about Compass reportedly overtaking Zillow in market value, SERHANT. making a major move into Texas, and what all this consolidation means for agents, brokerages, portals, and consumers. We'll also break down the latest from NAR, including dues staying steady, the debate over whether REALTORS should have to disclose knowledge gaps, and NAR's expanding legal fight tied to Mauricio Umansky's thePLS.com and the Clear Cooperation Policy. Then we'll get into the actual housing market, where things are getting strange. Redfin says home-price growth accelerated in May, seller concessions hit a record high for that month, and housing payments are back near painful highs. So are buyers gaining leverage, or are affordability problems still keeping them stuck on the sidelines? Join us live on YouTube for sharp, no-fluff real estate news, market analysis, and agent-focused commentary. Topics include: Compass vs Zillow SERHANT Texas expansion NAR dues and leadership REALTOR ethics debate Clear Cooperation Policy Private listings and thePLS.com Mortgage rates and housing affordability Home prices, seller concessions, and buyer demand

Neal Bawa - Grocapitus and MultifamilyU On Using the Right Tools to Make Good Decisions: "I said, I'm going to mine as much data as possible and try to get insights from that data." Many investors use real estate investing as an investment vehicle in their portfolio.  Most of those investors are looking at their local real estate market and trying to find deals that can pump out the returns they want. But the world is smaller now, and real estate investing in your backyard is no longer necessary.  You can invest hundreds of miles away and possibly turn over a stronger margin.  The way to find the best place to invest, starts with gathering data and comparing places. Neal Bawa, known widely as the "mad scientist of multifamily," is the engineer turned real estate investor that combines his knowledge of real estate, data science, and artificial intelligence. Neal shares his unconventional journey from running a successful tech company to revolutionizing real estate investing through data-driven decisions and AI-powered tools. Neal weathered the housing crash of 2008, built a thriving syndication business and a free educational community at MultifamilyU. Listen as Neal teaches us how to be fascinated by real estate, curious about the AI revolution, and to seek new ways to scale and automate your business. Enjoy! Visit Neal at: https://multifamilyu.com/ Sponsors: Calls On Call Extraordinary Answering Service, phone answering for small businesses: https://callsoncall.com Some videos have been recorded with Riverside: https://www.riverside.fm/?utm_campaign=campaign_5&utm_medium=affiliate&utm_source=rewardful&via=james-kademan   Podcast Overview: 00:00 Bringing IV therapy to Madison 05:39 Navigating Franchise Regulations 07:47 IV therapy goes mainstream in Tokyo 12:50 Curated med spa offerings 14:44 Choosing Hydrate IV Bar for Madison 19:02 Starting with franchise questions 20:37 Building a Health-Focused Community 24:53 Benefits of Vitamin D Supplementation 27:55 Challenges with supplement patents 32:20 Functional medicine consultations at Hydrate 34:08 Patient advocacy and safe care 39:05 Frequency of sessions per week 41:33 Supplements and their credibility 47:04 Choosing the right location 48:42 Optimizing franchise location space 52:48 Hiring nurses for IV procedures 56:16 Spa services and mobile options Podcast Transcription: Neal Bawa [00:00:00]: We are currently at 1% of the data center needs that we have where humanity is going through the greatest change in its existence. Greater than the invention of the wheel, greater than the invention of fire, greater than the invention of the personal computer and the Internet put together. We have never seen anything of this Type. The smartphone wasn't even 1% of the AI revolution. And we think of the smartphone as the greatest invention of our times. It's nothing compared to AI. James [00:00:37]: You have found Authentic Business Adventures, the business program that brings you the struggle stories and triumphant successes of business owners across the land. Downloadable audio episodes can be found in the podcast link found@drawincustomers.com we are locally unwritten by the bank of Sun Prairie Calls On Call, Extraordinary answering service, the Bold Business Book as well as Live Switch. And today we're welcoming, preparing to learn from Neil Bawa of Growcapitus. I'm told, Neil, you are the mad scientist of multifamily. Is that true? Neal Bawa [00:01:10]: It's a moniker I present at many conferences. So I presented at over 101 of the times when I was walking up to the stage, they were announcing and talking about me. The announcer said, the mad scientists of multifamily. And that got a nice gasp out of the audience and I was like, I like this. And so the next year I went to the conference, he introduced me as a mad scientist. And then eventually I was like, people like this concept because it helps them understand that I'm data driven. I'm very AI focused. And so it's an interesting moniker. Neal Bawa [00:01:41]: I don't have the dark brown hair, but I mean that's how I roll. So I let it be and eventually it became part of our story. James [00:01:51]: That is incredible. So tell me the story. How did you end up with the moniker of the mad scientist of multifamily? That's not something people throw randomly around. Neal Bawa [00:02:00]: Yeah, so look, I'm not a real estate guy, not a real estate royalty. No one in my family is in real estate. I'm a technologist. I'm from India, came here as a computer scientist. Data science is my area of interest. I'm an amateur data scientist, but my degree is in computer science and I ran a tech company from 1999 to 2013. Very successful, not a start up, you know, hundreds of employees. And we sold it in 2013. Neal Bawa [00:02:28]: And my interest in real estate started when the senior partner in the firm, I was a junior partner, basically said in 2003, we are not going to rent, we are going to build our own campus. And this wasn't a multifamily campus at that time. It was an office campus for a business. And, you know, we had 150 employees, and we were renting from somebody. And he didn't like that. So he, under his guidance and his expert advice, I built the first campus in 2003. We took 12 months to build it. We had no investors. Neal Bawa [00:03:00]: We had no bank. It was just all cash. We built it ourselves because the business was quite profitable. At the end of that process, I realized just the extraordinary, shockingly high benefits that you get when you use depreciation, Right? Cause this big campus, 27,000 square feet, and I just all of a sudden was making. Taking a lot more money home. I wasn't making more money. I was just taking a lot more money home because the depreciation of that building was phenomenal. And that got me hooked into real estate. Neal Bawa [00:03:30]: Because at one time, I remember after that building was done, James, I remember saying to my wife, I think real estate is the best authorized tax scam in America. Now, obviously, I didn't know depreciation back then. I didn't understand accounting. Now I understand that there's nothing scammy about it. You know, depreciation is a legitimate right. And you take it for real estate. You can also take it for other things. But for real estate, it's. Neal Bawa [00:03:56]: It's extremely beneficial compared to any other form of depreciation, any other business. And so I realized that I, you know, I had the big fat tax salary, and I was living in Taxifornia, so I was basically working for the man. 50% of my salary was going to state and federal. And so I said, I need to find a way around this, because I read a book by Robert Kiyosaki, and I remember the statement, it's not what you make, it's what you keep. Right? And I was like, I ain't keeping much of my salary. So I was like, okay, I need to get into real estate. So I went back to my boss and said, you know, what we did with this campus was really great. Let's do it again. Neal Bawa [00:04:31]: And so we built a bunch more campuses. I think four or five campuses were built and improved coming up to 2008. And so each year, what would happen is I was keeping more and more of my income because of all the depreciation that I was getting. And so I was saving and saving and saving. And so I'd ended up with, you know, pretty large amount of money by the time 2008 hit. And then when that happened, all of a sudden, property values plummeted. They went down. And so I would go to, you know, my family events and everyone would just bash real estate. Neal Bawa [00:04:58]: Everyone's like, this is horrible. Don't buy real estate. It's horrible, horrible. It's going to crash. You know, it's worth nothing, blah, blah, blah. And you can imagine everyone was saying that because, you know, all the television, on the tv you're just hearing bad news, bad news. Every day it's bad news. It can only go down further. Neal Bawa [00:05:11]: You know, millions and millions of homes are in foreclos. And I'm like, I don't understand this. I don't understand. I mean, I'm from the Warren Buffett school of investing, which is, you know, when things are cheap, you buy them. So I'm like, but I don't want to make a mistake. You know, I have this money, this, that I've saved up over the last five or six years. I want to go out and buy as many single family homes as I can. But I don't want to make a mistake. Neal Bawa [00:05:34]: What if I'm just an idiot that knows nothing? So I decided that I would basically educate myself. And I did that in the typical way that, you know, technologists and engineers do. I said, I'm going to mine as much data as possible and try to get insights from that data. So I started mining websites like Bureau of Labor Statistics and Zillow and Trulia and Redfin and you know, all these other sites that realtor.com that you've heard about in the real estate area. And I'm mining gigabytes of data and putting them into a statistical analysis software called R. The software is R and statisticians know it. And you know what R does? It makes it easy for you to take huge amounts of data that you know nothing about and give you insights, right? These days, AI does it and it even does it better than the software. But back then there was no AI. Neal Bawa [00:06:23]: So the software would give you insights, it would give you correlation. So you could say something like, show me real estate profits that are made in this city and this city and this city and correlate that real estate profit with these various things that I'm looking at. What is the highest correlation? Is the correlation of profits highest to population growth or job growth or income growth or home price growth or crime reduction or schools. Where's the correlation? The connection? The biggest, right? And then based on that correlation,...

Let’s Make a Deal! News Dominated by … SpaceX This week – Fed rate Decision Need a new CTP (SPACEX?) PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Let's Make a Deal! - News Dominated by ... SpaceX - This week - Fed rate Decision - Need a new CTP (SPACEX?) Markets - Another V Formation - Nearing Highs again - IPO Madness - Anthropic and OpenAi - SpaceX IPO - could drain markets - More AI valuations through the roof DEDICATION: Stu Schifter - my good friend of 30 years passed away last night... battled Cancer for 2 years. Market Valuations - S&P 500 Forward P/E = 22.5 - 10-yr average =  19–20x - Long-term average 18-19 - Not cheap, pricing in a lot of earnings growth. - NASDAQ 100 forward P/E =  23-24 - 1-yr average   ~23x - 20-yr average  ~20–21x - Not screaming expensive on a forward basis - - NOTE: Training P/E = 33-40 NEW Playbook - But the Rumor and Buy the News - used to be Buy the Rumor and Sell the News - This is why there is an announcement about something and then a date to follow.... - Monday = Deal, Friday = signing On that note - What is the deal anyway? - Seems that we  (USA) moving out our navy before the final - Straights of Hormuz opening -?? - Has anyone seen the text? - We are no better than we were before all this started... Headline Nonsense - Fox Business: Beware the ticking time bomb hiding in your 401(k) - Required minimum distributions can trigger taxes on Social Security benefits and boost Medicare premiums - This is not a ticking time bomb. This is just reality when you have a lot saved and need to start withdrawals - HOWEVER - there are ways around this and we have helped clients with this. - - Listeners - if you have a 401k and think that you will be paying too much later on - we can take a look at the options... More Retirement Alerts - Social Security running out again.... - Less that 10 year until the reserves are exhausted - The Social Security Administration's newly released 2026 Trustees Report confirms that the federal retirement safety net is less than seven years away from fiscal depletion, as the Old-Age and Survivors Insurance (OASI) trust fund will completely exhaust its accumulated reserves in the fourth quarter of 2032. - Once the reserve dries up, ongoing tax revenues will cover only 78% of scheduled retirement benefits, according to the report. - Some of the blame is being laid on the OBBBA with higher standard deductions and lower taxes on SS Benefits - "The OBBBA also adds a temporary additional standard deduction for taxpayers over age 65," it says. "As a result, less income tax will be paid on Social Security benefits, and the OASI and DI Trust Funds will receive lower levels of revenue in the future from income taxation of Social Security benefits." PSA - The Food and Drug Administration (FDA) has classified a recall of more than 900 cases of Alfredo sauce at its highest risk level after a supplier recalled a dry milk powder ingredient used in the product due to potential salmonella contamination. - The FDA designated the recall as a Class I event, its most serious classification, meaning there is a reasonable probability that use of or exposure to the product could cause serious adverse health consequences or death. - The Coffee Connexion Co., Inc. - According to the FDA, the product was distributed in Alabama, Arkansas, Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin and Wyoming. Monday Markets - 5:45PM Sunday night we see an announcement that there is a Deal! - Why 5:45PM???????? - Futures rally, oil drops - This is just days after the market already surged after a Truth Social post last Thursday that said that the US will "soon" sign a deal with IRAN ---- That pushed up markets quite a bit too - Buy the rumor and buy the news... Reality Check - Thursday: Trump told reporters in the Oval Office that “we have a deal that Iran will never have a nuclear weapon.” - Monday: 60-day period delay to continue discussions of nuclear issues - Is there a sucker in all of this? $ for IRAN - Supposedly there i some deal... - A $300 billion private fund designed ?to trigger investment into Iran is outlined in the U.S.-Iran framework agreement and more than half that sum has already been committed, a source with ?direct knowledge of the deal told Reuters. - The fund is designed to give both sides an economic incentive to conclude a final deal, said the source, who spoke on condition of anonymity because the plan has not yet been announced as Washington and Tehran prepare to sign on Friday. SpaceX - IPO - Finally! $135 per share - Rose to $160+/- on the debut day - Rather smooth process and very orderly - A total of $85B was raised - due to an add-on additional green-shoe that was allowed ($10B) for institutions. - Rose another $20% on Monday - Retail got about 20% of the deal (down from 30%) Oracle - Oracle Corp. shares declined after the company reported quarterly capital expenses that were higher than estimates, raising investor concerns about the profitability of the AI infrastructure business. - The company expects to spend about $70 billion on net capital expenditures in the current fiscal year, and plans to raise another $40 billion in equity and debt. - Oracle's cloud infrastructure business gained 93% to $5.8 billion, and total cloud revenue is projected to jump about 61% in the quarter ending in August. - The increase of $5B over the course of the year was disconcerting to investors. - Shares dropped the most in over 6 months on the news CPI and PPI - May CPI was mixed but generally cooler on the core reading, with headline CPI up 0.5% month-over-month, matching consensus, while Core CPI rose 0.2%, below the 0.3% consensus and below Briefing's 0.4% estimate. - The softer core CPI reading suggests some easing in underlying consumer inflation pressures, which is the more constructive part of the inflation picture. - May PPI was firmer than expected on the headline reading, with PPI up 1.1% versus 0.7% consensus and 0.8% Briefing estimate, matching the prior month's revised 1.1% pace. - Core PPI rose 0.4%, matching consensus and coming in below the prior month's revised 0.7%, indicating wholesale inflation remained elevated but did not accelerate further on the core measure. - Taken together, the CPI and PPI reports point to a mixed inflation backdrop: consumer-level core inflation looked somewhat better, but producer-level price pressures remained sticky. Cyberdyne - Anthropic announced Claude Fable 5, a Mythos-class model that will be available to its enterprise customers and paid subscribers. - The company unveiled Mythos in April and has limited the rollout because of its advanced cybersecurity capabilities. - Anthropic said Claude Fable 5?s broad release is possible because of new safeguards that block responses in specific high-risk areas. - WAIT! The US government PULLED the plug on Mythos and Fable for any foreign national - From Anthropic - The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees. The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance. Access to all other Anthropic models will not be affected. OpenAi - Confidentially flies for IPO - Sends financials and IPO materials to regulators - making sue all in good order. - This allows the company to iron out accounting, compliance, and regulatory issues in private without triggering a "media circus" or alerting competitors to their financials Last Friday..... - Nonfarm payrolls jumped a seasonally adjusted 172,000 for the period, down slightly from the upwardly revised 179,000 in April and far above the Dow Jones consensus estimate for 80,000. - The unemployment rate held steady at 4.3%, as expected. - Average hourly earnings rose 0.3% for the month and were up 3.4% over the past year, both in line with the Wall Street consensus. Screwworm - The New World screwworm has been detected in a 3-week-old calf in Zavala County, Texas, the first known case of that fly in the United States since 2017. - New World screwworm larvae “burrow into the flesh of living animals, causing serious damage to livestock and economic losses,” the U.S. Department of Agriculture said. - The USDA and Texas officials are taking immediate action to contain and eradicate the pest. - In December, the Food and Drug Administration granted conditional approval to the topical solution Exzolt Cattle-CA1, which is used to prevent and treat New World screwworm infestations and is produced by Merck & Co. - What is going to happen to beef prices? Real Estate - Nationwide, 5.8% of all home listings were pulled off the market in April, according to Redfin. - Delistings were up 3.8% compared with March. - Atlanta saw the highest share of homes come off the market in April, with 1 in 10 delisted. San Jose, California, followed with roughly 9% pulled, then Los Angeles (7.8%), Dallas (7.8%) and Seattle (7.7%).  In other news.... - The Japanese city of Utsunomiya has suspended all 94 of the primary and middle schools ?that it operates on Monday after its ?first-ever bear sighting, a municipal official said. - The city of half-a-million residents about 100 km (60 miles) north of Tokyo said ?the bear was first seen in a residential ?area near a park on Saturday evening. It ?remains at large after the last sighting early ?Monday morning about half a kilometre from a ?middle school.   Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); The Winner for the THE CLOSEST TO THE PIN for SALESFORCE (CRM)   Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

As climate change intensifies, physical risks to property are mounting. On this episode of ESG Currents, Bloomberg Intelligence sustainable-finance senior analysts Gail Glazerman and Andy Stevenson speak with Daryl Fairweather, chief economist of Redfin, about how homebuyers are responding to physical risks, the challenges for home affordability — especially insurance costs — and how markets are adapting, including signs of climate migration.See omnystudio.com/listener for privacy information.

Welcome back to Date Night! We have lots for you today: A failed house bid, a service dog airplane plan for Penny, Summer House hot takes, Love Island feelings, Knicks obsession, and a surprisingly deep conversation about trusting your own instincts. Plus, Bodega vs Deli, Whit's sweet + tart cravings, several airing of grievances, and a new family dream that may involve pulling Sonny out of school and traveling the world. Sweetness and chaos, as always. XOXOThis episode is brought to you by Obé Fitness. If you are looking for something that helps you stay consistent without overthinking it, try Obé Fitness free for 30 days at obefitness.com with code WHIT.This episode may contain paid endorsements and advertisements for products and services. Individuals on the show may have a direct, or indirect financial interest in products, or services referred to in this episode.Produced by Dear MediaSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The real estate investing moves you make today could change your life. Those in their 40s, 50s, and 60s often look back and regret not starting sooner. Today's guest isn't letting that happen, and in this episode, she'll show YOU how to take advantage when that next rental property comes your way! Welcome back to the Real Estate Rookie podcast! When Megan Chou's father challenged her to read the personal finance classic, Rich Dad Poor Dad, little did she know it would completely alter her life's trajectory. The book's lessons on building wealth inspired her to stash her money away in a brokerage account and, at just 20 years old, buy her very own rental property—a townhome she house hacked with her best friend. Then, only two years later, right as she was graduating from college, she took down a fourplex—renovating each unit while living in it, one by one. Stay tuned as Megan shares how she leveraged her home equity to buy it, what went wrong after buying the property, and how she stayed resilient when her property started fighting back! In This Episode We Cover How Megan bought her first two rental properties (while still in college!) How to fund your next investment property using your existing home equity What Zillow, Redfin, and the MLS can't tell you about properties or neighborhoods Bouncing back from ice, raccoons, and plumbing failure on the same property Two crucial things to do when experiencing a setback with your property And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠h⁠t⁠⁠tps://www.biggerpockets.com/blog/rookie-728. Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Subscribe for ad-free episodes + bonus content: https://realestatemarketminute.supercast.com Instagram: @thesalibgroup Email: mark@thesalibgroup.com A new Redfin report says investor home purchases just fell to their lowest level since 2020. In this episode, we break down why investors are pulling back, what it says about today's housing market, and which property types are feeling the impact the most as higher mortgage rates and slowing price growth reshape real estate.

Episode # 983 (reale Estate Only)====Sign up for the Ron & Don Newsletter to get more information at⁠⁠ www.ronanddonradio.com⁠⁠ (http://www.ronanddonradio.com/)====To schedule a Ron & Don Sit Down to talk about your Real Estate journey, go to⁠⁠www.ronanddonsitdown.com⁠⁠ (http://www.ronanddonsitdown.com/) ====Thanks to everyone that has become an Individual Sponsor of the Ron & Don Show. If you'd like to learn more about how that works:Just click the link and enter your amount at⁠⁠https://glow.fm/ronanddonradio/⁠⁠⁠⁠RonandDonRadio.com⁠⁠ (https://anchor.fm/dashboard/episode/ea5ecu/metadata/RonandDonRadio.com)Episodes are free and drop on Monday's , Wednesday's & Thursday's and a bonus Real Estate Only episode on Fridays.From Seattle's own radio personalities, Ron Upshaw and Don O'Neill.Connect with us on Facebook⁠⁠Ron's Facebook Page⁠⁠ (https://www.facebook.com/ron.upshaw/)⁠⁠Don's Facebook Page⁠⁠ (https://www.facebook.com/theronanddonshow

Many investors get their OFFER PRICE completely wrong. Then they end up dropping the price, later or just walking away from the deal cause they can't sell the contract. In this episode, I break down three free Redfin numbers that tell you exactly where your market stands before you buy, before you list, and long before the panic sets in.You'll learn:What the median days on market number is really telling you, and why the investor who panics at day seven is burning money for no reasonThe list-to-sell ratio hiding inside Redfin that reveals what homes are actually closing at (not what they're listed at)The price band breakdown that shows which slice of your market is moving, and which is deadWhy checking this data when you list is already too late… and the one monthly habit that keeps you three moves ahead of every other investor in your marketKnowing your list-to-sell ratio keeps you from overpricing on the exit.But if your ARV was wrong before you bought, no amount of market data saves the deal.The upcoming Deal Analysis Workshop is where you fix that...Learn to run the numbers right before you ever make an offer:Register to our FREE Deal Analysis WorkshopLINKS & RESOURCES1,000 FREE Seller LeadsGet your first 1,000 seller leads FREE from our partner BatchLeads and start closing deals immediately. CLICK HERE: http://leads.getbatch.co/mztQkMr7 Figure Flipping UndergroundIf you want to learn how to make money flipping and wholesaling houses without risking your life savings or "working weekends" forever... this book is for YOU. It'll take you from "complete beginner" to closing your first deal or even your next 10 deals without the bumps and bruises most people pick up along the way. If you've never flipped a house before, you'll find step-by-step instructions on everything you need to know to get started. If you're already flipping or wholesaling houses, you'll find fast-track secrets that will cut years off your learning curve and let you streamline your operations, maximize profit, do MORE deals, and work LESS. CLICK HERE: https://hubs.ly/Q01ggDSh0 7 Figure RunwayFollow a proven 5-step formula to create consistent monthly income flipping and wholesaling houses, then turn your active income into passive cash flow and create a life of freedom. 7 Figure Runway is an intensive, nothing-held-back mentoring group for real estate investors who want to build a "scalable" business and start "stacking" assets to build long-term wealth. Get off-market deal sourcing strategies that work, plus 100% purchase and renovation financing through our built-in funding partners, a community of active investors who will support and encourage you, weekly accountability sessions to keep you on track, 1-on-1 coaching, and more. CLICK HERE: https://www.7figureflipping.com/runway Connect with us on Facebook and Instagram: @7figureflipping Hosted on Acast. See acast.com/privacy for more information.

What's really happening behind the scenes at Redfin, Rocket, and the growing battle over private listings?   In this episode of Real Estate Insiders Unfiltered, James Dwiggins and Keith Robinson sit down with Joe Rath, Head of Industry Relations at Rocket and a longtime Redfin leader, for one of the most candid conversations yet about where the industry is heading next.   Joe pulls back the curtain on the Rocket + Redfin acquisition, the real strategy behind "coming soon" listings, the Compass partnership, and why the future of real estate may look very different than most agents expect.   The discussion dives into MLS policy, private inventory, consumer behavior, seller psychology, and the tension between technology ecosystems and trusted agent relationships. Keith pushes back hard on the idea that platforms matter more than people, while Joe explains why the industry is evolving toward a more flexible consumer experience.   They also unpack Glenn Kelman's leadership style, the future of hyperlocal agents, and why some of the biggest industry shifts are already happening quietly behind the scenes. If you want the inside story on what's really coming next in real estate, don't miss this one.   Links mentioned during the episode: Episode with Glenn Kelman: https://youtu.be/4NwncL4bJsY   Connect with Joe on LinkedIn.   Check out Rocket on LinkedIn - Instagram & Redfin on LinkedIn - Instagram.   Subscribe to Real Estate Insiders Unfiltered on YouTube! https://www.youtube.com/@RealEstateInsidersUnfiltered?sub_confirmation=1 To learn more about becoming a sponsor of the show, send us an email: jessica@inman.com   You asked for it. We delivered. Check out our new merch! https://merch.realestateinsidersunfiltered.com/   Follow Real Estate Insiders Unfiltered Podcast on Instagram - YouTube, Facebook - TikTok. Visit us online at realestateinsidersunfiltered.com.   Link to Facebook Page: https://www.facebook.com/RealEstateInsidersUnfiltered Link to Instagram Page: https://www.instagram.com/realestateinsiderspod/ Link to YouTube Page: https://www.youtube.com/@RealEstateInsidersUnfiltered Link to TikTok Page: https://www.tiktok.com/@realestateinsiderspod Link to website: https://realestateinsidersunfiltered.com This podcast is produced by Two Brothers Creative. https://twobrotherscreative.com/contact/  

On today's episode, Editor in Chief Sarah Wheeler talks to Paul Gigliotti, CEO of California MBA, to talk about how the association is working with the governor's office on a financing solution to rebuild homes affected by the wildfires. The two also discuss the appointment of Rohit Chopra to head the state's new Business and Consumer Services Agency. Related to this episode: Rohit Chopra to head California consumer services agency HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ More info about HousingWire The Top 5: MBA urges rollback of mortgage rules as rates stay high FHA targets flipping rule repeal and AVM reforms Rocket Mortgage, Redfin launch homebuyer savings program Policies to Unlock Housing Supply and Boost Affordability Why a 2008 housing crash can't happen again To learn more about Total Expert click here. The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.

Keith shows how simple buy-and-hold real estate can be a powerful path to long-term wealth.  He explains how the tax system and inflation often reward property owners—especially those with fixed-rate debt and rental income—turning modest rent increases into outsized gains in cash flow. Keith also explores how broader economic forces and neighborhood trends shape real estate markets, and why even an extra $1,000 a month in passive income can meaningfully increase your freedom, reduce reliance on a single job, and move you closer to financial independence. Episode Page: GetRichEducation.com/603 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Unlock truly passive real estate income—visit flockhomes.com/GRE today to see if your properties qualify for a 721 exchange with Flock Homes. 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. Learn how rent inflation makes real estate investors wealthy. Do certain grocery stores in your neighborhood stoke real estate prices, then how just $1,000 of extra monthly cash flow can be surprisingly life changing. Today, on get rich education,   Keith Weinhold  0:24   Let me ask you something, if you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom. Family investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation and full disclosure. I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk and nothing is guaranteed, but with a track record of consistent on time investor payouts, they built real credibility. Go to freedom. Familyinvestments.com to book a clarity call or text. Family 266, 866, that's family 268, 66   Speaker 1  1:28   you're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. You Chris,   Keith Weinhold  1:44   Welcome to GRE I'm your host. Keith Weinhold, it's the show that coined the phrase real estate pays five ways. This is get rich education. You learned how to work at your job. The reason we're here is to make you aware that capital compounds labor doesn't, and that's almost why you have to be an investor today. A couple weeks ago, we had tax day in the USA, and that's not quite a holiday. Virtually no one celebrates it. Yes, here in our 250th year of existence as a nation that erstwhile mentioned semi quincentennial. How did America go from fighting a revolution over a 2% tax on a breakfast beverage at the Boston Tea Party to what we pay today? Have you really processed what this has come to now we're taxed when we earn money, taxed when we spend it, taxed when we save it, taxed when we invest it, even taxed when we die with it. And that's just the start. Think about your typical day, your routine. We commute to work in a car, were taxed to register driving on roads. Were taxed to build fueled by gas that's taxed again and then often paying tolls on top of that. Well, those taxes are supposed to maintain the infrastructure, like bridges, highways and tunnels, but yet, they already have billions of taxpayer dollars allocated to them. Then we arrive at an office that's taxed to exist inside a business that's taxed to operate that requires permits and licenses that act like other layers of taxation. When we finally get our paycheck, our employer matches payroll taxes on top of our wages, just incredible. And at the end of the day, we go home to a property we're taxed to own every single year, purchased with income that was already taxed in the first place, and somehow all of this is considered normal. Here's the turning point. Most people when they realize this, feel frustrated and saddened and even victimized. But instead, real estate investors flip the frame from victim to strategist, the same system that taxes seemingly everything quietly rewards those who own assets through depreciation, we report a loss even when the property produces real cash flow. Last week, I told you how you can specifically lower your property taxes step by step, then through mortgage interest and operating expenses, we can reduce that amount of our income that's even taxable at all through long term leverage, we're often repaying debt with inflated dollars, while our tax burden stays surprisingly low, and then it gets even more power. Powerful, more advanced real estate investors use a cost segregation and bonus depreciation to pull years of deductions forward into today. And it's something that's not really that sophisticated or tough to understand either. And then when we sell a property 1031, and 721, exchanges help us defer the capital gains tax. And when you start to think about it, could these turnabouts even get us patriotically excited for a dare I say, semi quincentennial.   Keith Weinhold  5:36   our system of taxation, it can feel punitive. Some high earners lose more than 55% of their income to taxes, both federal and state. Real estate investors don't just earn gains in income. We reshape it. We continue to thrive in a tax system that rewards ownership. Not only is wealth built from owning things rather than having a high salary, tax breaks are gained by owning things rather than having a high salary. And now it's somewhat common knowledge that war leads to inflation. The latest Middle East conflict entails a lot of military spending, and it's been made worse by disrupting an energy producing region. Four weeks ago, I told you about why wars are inflationary and just how bad it can get. That is why the first major wartime inflation reading that we got was so telling. And wow, inflation grew at the fastest annual rate from one month to the next since the pandemic spike back in 2022 it went from 2.4% up to now 3.3% just like that. And with more inflation poised to come along, even if the war winds down, and I want to talk more about how this benefits you shortly. And yes, if you're a newer listener, you're not used to inflation benefiting you, but it benefits the educated and the aware. GRE listener. And first, here's what fewer people pay attention to. M2 money supply that's jumped 4.8% annually to a record of almost $23 trillion now the money supply, this is the 24th consecutive monthly increase the supply was only about $5 trillion back in 2000 10 trillion by 2012, 15 trillion in 2020, and then the pandemic made the money supply explode, and it's almost 23 trillion today. And what does this all mean that the US dollar is losing purchasing power at a historic pace, because, look, inflation is actually not rising prices. The thing that's now up to 3.3% the CPI. Rather, inflation is an expansion of the money supply. It inflates. That is the very etymology of the word people often overlook that. That's why I'm talking about the historic expansion rate of the money supply, and how that can show up in higher prices later. High prices are not inflation. Rather, they are a consequence of inflation. And I want to tell you more about what this means to you, and explain how this builds your wealth in a new way. But first, I mean, my gosh, have you been as flabbergasted about inflation as I am, just at the consumer shelf and aisle level in a store, and I'm a guy that likes to spend money, yet I've got to say sticker shock. It still gives me pause when I'm in a store, even on the cheapest of items, I recently went inside a gas station convenience store after I filled up a regular size York Peppermint Patty, 1.4 ounces cost $3.19 this consequence of inflation has left me slack jawed, but already was a Slack jaw however, has it left you slack jawed? All right, let me tell you about how the wildly overpriced York Peppermint Patty makes real estate investors rich in their sleep. Did you know that the classic economist, Milton Friedman, discussed the concept of get rich. Education's inflation, Triple Crown, essentially. Now we didn't call it that. In fact, he discussed it before GRE existed in 2014 let's listen into this. Friedman won a Nobel Prize in 1976 I'm going to guess that this is him speaking in about 1980 essentially, he. Discuss the first two crowns, which are also the ones that homeowners with a mortgage benefit from which are asset price, inflation and debt debasement. This is about two minutes in length.   Speaker 3  10:11   If I ask people, are you in favor of inflation or not? Everybody is against inflation. But when I explore a little bit further, if I say to people, tell me, have you gained from inflation? Oh, no, you say I haven't gained. And yet, the fact is that a great many people have gained from inflation. There are many, many people who have benefited. Of course, the major gainer from inflation is the federal treasury, as I've already said, but almost everybody who has bought a home in the past 30 years has gained from inflation. He was able to borrow on a mortgage, which inflation has paid off, along with paying off the government debt, so that almost all homeowners in this country are beneficiaries from inflation. Indeed, one of the things that makes inflation such a bad social disease is precisely that it tends to be divisive, because some people do very well during an inflation period, and some people do very badly. And as a result, the population gets split into people who are seeming in great prosperity and people who are in great distress. When most people say they want to stop inflation, what they mean is that they want the prices of the things they buy to go down and the prices of the things they sell to go up. But since what one man sells is what another man buys, that's a neat trick, if you can do it. And as a result, people aren't really serious when they say they want to stop inflation, certainly not in the early stages, not before they fully understand, not before it's gotten to the point where it is really creating serious social problems. Everybody wants to stop inflation at somebody else's expense.   Keith Weinhold  12:11   That was classical macro economist Milton Friedman discussing the rarely talked about benefits of inflation. He also served as an advisor to President Reagan and to British Prime Minister Margaret Thatcher Friedman extolled the virtues of free markets and minimal government intervention. Well, yeah, he discussed the first two crowns of get rich, education's inflation, triple crown. So let me discuss the third one, because you benefit from this when you rent out property. And what's interesting about what I'm going to tell you is that this example is going to make it more apparent than it ever has to you, that rent inflation makes landlords rich in their sleep. In fact, the positive effect on you is even greater than I thought I double checked these numbers I'm about to share with you before I came on the air, because I didn't expect this high of a degree of cash flow enhancement. And also, I was talking about what I'm going to show you on YouTube earlier, and it generated a negative, biting comment from a viewer. I'll tell you about that, but yeah, I showed this to a guy that's been investing in real estate for 36 years, and he didn't even understand this. Here it is with general monetary inflation. Rent inflation is a consequence. So let's keep this simple. Say that you charge rent of $2,000 and that could very well be a realistic rent amount for a single family rental property that our GRE investment coaches help you find today, although the average is probably a little less than that. So in any case, $2,000 rent. When you subtract out your fixed rate mortgage payment of $1,000 and your operating expenses of $800 This leaves you with $200 of monthly cash flow. We'll say that's your scenario today. Next rents rise 3% This means you're getting $2,060 now. Doesn't sound so exciting, yet your mortgage payment stays locked in at $1,000 inflation can't touch it. That's the key to this. Your operating expenses also rise 3% up to $824 This leaves you with cash flow of 236 okay. So what happened there is your cash flow went from 200 up to 236 that's not a 3% gain, inflation gain 3% this is an 18% increase in your income. 200 up to 236, an 18% cash flow spike off just a tiny rent adjustment will extrapolate that effect. Right across your portfolio. I mean, this is like your annual income going from 100k up to 118k and then compounding like that every single year. That is power, because inflation couldn't touch your fixed mortgage payment. And this is something I've explained before. It's the third crown of get rich education's inflation Triple Crown called Cash Flow enhancement. But it's a better example than I've ever had for it, and it's a germane time to talk about it with inflation on the rise again. Now here's an angle. Does what I just explained feel wrong in any way. The thing is, you aren't fleecing your tenant. It's just an adjustment to inflation, a little 3% bump to them, a big 18% difference to you. You didn't get rich off your tenant. You got rich because, again, you're leveraging the bank's money, but you're doing it in a way that most people don't see or think about and of course, mortgage free owners lose this entire benefit. It is just another way that real estate investors get rich in their sleep. Yet few ever understand how. But like I said, I was talking about this on YouTube just a little bit ago, and a commenter simply wrote, this makes you a bad person.   Keith Weinhold  16:27   Now, the viewer of GRE YouTube channel, sometimes it's you, but you know, sometimes it's someone that doesn't listen to this audio show here, where we do more learning, the casual or occasional YouTube viewer. They just probably don't understand all of what you do. But yes, like me, you have probably run into people out there that think that landlords are bad because they charge tenants rent and they adjust the rent as their expenses rise. And some of these people even say something like, I believe housing is a human right. I seem to hear that more and more, okay, that's one thing, but they imply that the taxpayer should pay for their housing. I mean, does that even work over time? You can see how often government provided housing fails and it ends up being exorbitantly expensive when the free market prevails. Instead, you know, I think that this sentiment has gotten a little worse because of the K shaped economy, more people having to sleep in their cars makes those people resentful. America, you know, we're in better shape when we have a strong middle class. What can really help you a lot is if you haven't yet. Finally, watch the three part video series, the inflation triple crown. The video really helps reinforce your learning well, because it's helpful to show numbers on screen, like you can in a video. You can watch that directly by going to get rich education. COMM, slash inflation, Triple Crown, or shorter. You can just go to the abbreviated get richeducation.com/itc, it takes you to the same place. It really shows you how to optimize your income increases and do it the right way. I mean, if someone thinks you're a bad person for raising the rent 3% commensurate with 3% inflation, well, you know what? Then if that person is an employee, should they also feel bad for getting a 3% pay raise at work? Well then they should, right, because they're charging their employer 3% more for their services as an employee. Well, of course, that's okay. So that sentiment doesn't make one bit of sense, all right. Well, let's temper the 3% rent inflation that I used in our example here. There's both bad news and good news around this, because today, rent increases are below average nationally. In fact, Zillow has forecast only a 1.1% rent increase in single family rentals this year. And then the good news is that the average rent increase since 2020 is 6% and we only used 3% in our example. The bottom line here is that few real estate investors ever have the epiphany that cashflow enhancement is yet another significant way that inflation makes them wealthy, and it's just another reason why carefully selected simple buy and hold. Residential real estate makes people wealthy. Just buy and hold you don't have to dig in and do a bunch of aggressive value add or get into a niche like self storage or short term rentals or assisted living homes that you sure can do those things. And there's nothing wrong with niching down. You just don't have to, and sometimes we even discuss those nichey vehicles here on the show. In fact, we've done four episodes on assisted living homes, but it's hard to beat the relative passivity and the durability of simple buy and hold residential not the latest hot thing, not speculation, but just what's proven. But you have to understand these forces and then act on them. I mean, I gave an example there of $200 in cash flow, and since that's only the most visible component of the five ways real estate pays. When you add it all up, you might be getting $1,500 of monthly benefit on a single family rental property that only costs 300k 1500 a month on a 300k property that you might have only put 20% down on. And for that 1500 a month, it might only take one hour per month of your asset managing of your property to get that $1,500 of benefits. So that is $1,500 an hour. That's great, but it's only one hour a month, and that's exactly what makes you want to scale with buy and hold property as soon as you get into a lot of real estate niches, which, again, it can be worthwhile, whether that's self storage or assisted living homes or something like that. Well, now it's more like an active business that you have to run, and you're probably going to spend substantially more hours there. But yes, a guy that's been investing in real estate for 36 years. Did not understand cash flow enhancement from Rent inflation until I showed this to him and watch it all. He watched the three part video series, which, again, you can watch for free at get rich education.com/inflation. Triple Crown or shortened simply, get rich education.com/itc. Open it up now and watch it later, because I'm back with more next. I'm Keith Weinhold on episode 603 of get rich education.   Keith Weinhold  22:13   Flock homes helps you retire from real estate and landlording, whether it's one problem property or your whole portfolio through a 721 exchange, deferring your capital gains tax and depreciation recapture. It's a strategy long used by the ultra wealthy. Now Mom and Pop landlords can 721 the residential real estate request your initial valuation, see if your properties qualify@flockhomes.com slash GRE that's F, l, O, C, K, homes.com/g R, E,    Keith Weinhold  22:49   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 prequel 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   Tarek El Moussa  23:23   What's up? Everyone? This is hgtvs Tarek El Moussa. Listen to get rich education with Keith Weinhold, and don't quit your Daydream.    Keith Weinhold  23:30   Welcome back to get rich Education. I'm your host. Keith Weinhold, I'm here in Las Vegas today and staying at the Bellagio with a terrific fountain view room. Yes, the paradox of having a giant water show every 30 minutes in the middle of the Mojave Desert, as it is today, just up the street at the Venetian the big Bitcoin 2026, conference kicks off. I might attend some of the sessions, and I might not. While I'm here in Vegas, I'm more focused on spending time with my brother's family. I know I've mentioned to you before that they live in nearby Henderson, Nevada, and I come here pretty often. You could call me a real estate investor. That's crypto curious. I own a little Bitcoin because I think it has some compelling value propositions as well as a number of problems. I think, like a lot of people, I have more questions about Bitcoin than I do answers, and each time I get a new answer, it just prompts three new questions. Now I plan to shop at Trader Joe's shortly. I'm kind of a weirdo here in Vegas, in the sense that I don't gamble, and rather than eating every one of my meals out, I like to be a little healthy shop at a grocery store and bring good food back to the fridge in my room. Well, how? Do certain grocery store chains impact local real estate prices. And you might have heard about this before, but there's a good new study about it that just appeared in the USA Today. And I kind of like the USA Today, because you can easily find a USA Today article where a columnist wrote a story about me as well. But what happened is an analyst matched more than 32,000 store openings to property prices over 50 years. And one conclusion found that homes in the same zip code as a trader joe's saw their values rise about 6% faster than the national average over three years. Another study found that over five years, home prices near Trader Joe's rose by 49% compared with 45% for homes near Whole Foods and 58% near Aldi. I wouldn't have expected that Aldi is a low cost bargain grocery store. Now there are a couple twists here. First, a higher end grocery store, like Whole Foods, that might very well correlate with a good, more affluent neighborhood, sure, but it also might reflect the fact that home values are high, and that usually is not profitable for long term rentals. And the other takeaway is that grocery stores don't actually cause price appreciation. Instead, they reflect it. These grocery chains, they really invest heavily in site selection, so their presence signals that an area was already trending upward, even before a Trader Joe's arrives in an area, the median household income in a neighborhood hovers around $82,000 and that was the highest in the chains that were studied with a typical home value of 425k and the flip side is also pretty noteworthy, the study found that Walmarts tend to be built in neighborhoods with an average household income of only $49,000 and home values of under 200k plus the home price appreciation Proximus to a Walmart, it ends up trailing the national average by 4% over three years. So really, can we say then that the K shaped economy runs through the grocery aisle? I want to get back to discussing your wealth shortly, but first, let's have a checkup on the economy that you're invested inside every day. Over the past year, the US economy has continued to do well, which has surprised some people, some saying that the economy seems to defy gravity. I mean, look at this point. It has withstood chaotic tariff changes, labor supply shocks, swings to the stock market and then a kinetic war on top of that. And how is it pulling this off? Probably starting with AI investment, including all the data center building you see taking place technology innovation and a consumer that you know, it's funny all these consumer surveys where the consumer feels negative, probably because they keep seeing higher prices, but yet, even though they feel negative, oh, they just keep spending more anyway, the unemployment rate is still really low. The AI build out is significant, and that drives jobs and rents and incomes realize, though, this is a new infrastructure build out. This is substantial, just like railroads in the internet were, and companies racing not to fall behind in the AI boom, that's exactly what fuels the economy and productivity and therefore supports real estate. It's similar in spirit, to the.com boom, really, but this time, there's real revenue, and it ALL Fuels wage growth, which is an antecedent to rent growth. And by the way, have you ever noticed how economists and corporations, they're so addicted to growth in the notion of growth, that if something goes down in value, they call it negative growth. What is negative growth? That's always been a funny phrase to me. Don't you mean a decline? Negative growth? That's kind of like calling growth a positive decline. That's nonsense. Some people are allergic to saying that something is a dip or decline, so instead, they say that it's negative growth. That's sort of like how companies they don't want to say that they're undergoing a round of layoffs instead of layoffs. Oh, they say that we are right sizing. She should just tell it like it is. Now, when it comes to building your wealth, this. Say that you're more of a beginning real estate investor, say that your income from your job is 100k and you might wonder, if I add, say, five properties each with $200 a monthly cash flow, that equals $1,000 a month. That's an extra 12k per year. You know, that really isn't that much of a lifestyle difference. You know, even though there are four other ways real estate pays, let's just talk about this. That's only 12k per year, on top of 100k You know, I contend that that really does make quite a difference. Okay, if your real estate cash flow gets up to 1k a month, and you might only spend four hours a month managing that. It matters more than you think, because of your 100k of job income. All right, after all, your expenses are taken care of, like you pay for your housing, your transportation, your Trader Joe's, groceries, all of that stuff that you spend on. Well, what's left over your discretionary income? That might only be $2,000 per month. So if you add 1000 to that, that is a 50% increase in your discretionary income. What really matters? That's why real estate cash flow is actually a bigger deal than a lot of people think. You just bought back your time. This can help you replace a second job. This can let you cut back hours or even fund a sabbatical buffer for beginners. That's why even a kind of paltry sounding $1,000 a month in cash flow from, say, five rental doors that can actually be a life changer. When you get right down to it, it really starts to change your control over your time, and an extra $1,000 a month can, of course, help fuel your next investment, if you so choose. But that's not all. A psychological shift begins to happen inside you. You're no longer dependent on one income source. This is really the underrated one, because before $1,000 of real estate cash flow, a job loss that could mean stress and urgency and bad decisions, but afterward, now you have margin. Now you're making better decisions in life. You negotiate better you think longer term. That shift alone improves your entire life. And what else can just 1000 a month do for you an extra 1000, it can give you lifestyle upgrades without guilt. Let's say you do spend some of it that can fund travel without touching savings, that can give you better housing or a better location, that can give you experiences instead of a life of what feels like just bills. And here's the key, it does not cannibalize your future. Just $1,000 a month gives you options, like we say around here, don't live below your means. Grow your means. I mean, if you're a beginner, this is something that you could have in less than a year. That extra 1k that comes whether you work that day or not. And for a more advanced investor, you can imagine what multiples greater than 1k per month do. So can you see how everything compounds here? Capital compounds labor doesn't earlier, I discussed how even a 3% rent bump can increase your cash flow 18% all right, and then your cash flow has a greater impact than you thought, because it is discretionary income where a small change can make a world of difference in your life. And when you layer all these things together, it almost makes you wonder why more people aren't real estate investors. Well, most people just have not had it explained to them this way before, and then other people give up after starting in real estate because they don't buy the right property in the right market.    Keith Weinhold  34:16   Here at GRE we really help you avoid those mistakes. And in fact, let me give you an example of what I mean. This can really help. Redfin reports that national home prices have jumped up again, rising 2.1% annually, but yet, a place like Florida, they still have year over year housing price declines, not negative growth declines, and that's due to a temporary overbuild, like I've talked about before. But Cape Coral, Florida homes that area has been hit harder than most with more building than most places, they're actually down in price 3.8% it looks like an opportunity, and people say they want an opportunity. What they really want is certainty, and once certainty arrives, the opportunity is gone. Winners often embrace the heterodox. They're willing to lean into the sort of uncomfortable, mildly contrarian, awkward moment right when others are hesitating, some Florida brand new property builders. They're getting creative, and the translation to creative is that they are motivated. They're offering to throw in the kitchen sink and the backsplash. Here's one example, a duplex in Cape Coral, Florida. The listing price is 550k it's in an A class neighborhood. The rent is 3890 both sides of the duplex are already leased, six beds, four baths. It's 2474 square feet. The down payment you can expect to make is 25% the projected cash flow is up to $1,096 per month. Yeah, you've potentially got your surprisingly life changing 1k in cash flow in one fell swoop here and here's where it gets interesting, a 3.75% mortgage rate, buy down and one year of free property management. They're either giving you that or take $25,000 cash instead and structure your own advantage. All right, that's what this certain builder is offering. Now, a reputable builder, in fact, they've been a guest on the show here before. You can push the envelope a little further than that. I encourage you to make an offer below the list price on these property types. Yes, offer lower than the 550k how much lower should you go? That's where a free chat with our investment coach gives you an inside edge, because, see, they know what other offer amounts were accepted previously by these sellers, so they know where the real flexibility is, and they've got all kinds of what I'll call specific deal knowledge like this that you're just not going to find anywhere else. Our coaches can also help you with other inventory, if it better meets your personal objectives than something like a Florida new build duplex. Usually, those places are in the Midwest and South, from Ohio out to Missouri and Georgia out to Texas. In full disclosure, what I just described is a better deal than any Florida properties that I personally own myself. Now it is clearly a buyer's market in Florida. We're in that fleeting window where long term demand is strong, short term supply is high, and builders are motivated. So take the free consult, or maybe no properties are right for you. Once our coach learns more, if you're interested, we can help you structure a smart offer. Talk to us. We can help you build an entire portfolio, if you so choose, and find the right markets and properties with a management solution, we've got the team and the contacts, you can make your process easier than guessing and figuring it out on your own. Often like to leave you with something actionable at the end of the show. I encourage you, if you think it's right for you, book time with a friendly GRE investment coach@greinvestmentcoach.com you can find an open slot on their calendar and book it again@greinvestmentcoach.com Until next week, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 4  38:54   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  39:14   the pre preceding program was brought to you by your home for wealth, building, get richeducation.com  

In this episode, Rudy Mahosky pulls back the curtain on how he built a real estate business where 98% of his deals come directly from agents on the MLS.Whether you've been intimidated by on-market properties or struggle with appraisals, this episode is packed with actionable advice on how to let the buyers determine the value, lean on local experts for land development deals, and leave your ego at the door to get more contracts closed. Be a part of the TTP training program now.---------Show notes:(0:00) Beginning of today's episode (0:46) How Rudy shifted to closing 98% of his deals directly with agents on the MLS (3:10) Using Zillow and Redfin to target fresh listings under 14 days on market (5:43) The "Everyone Gets an Offer" strategy and why you should always use an LOI (11:38) The truth about appraisals: Why ready-and-willing buyers determine true value (15:31) Deep dive: Breaking down a Nashville teardown deal that sold for $25K over list price(23:21) Why networking with local land gurus and understanding zoning is a game-changer(28:07) Utilizing tools like Offer Gun to track and manage MLS offers----------Resources:ZillowRedfinGoHighLevelOffer Gun@RudyMahosky on Instagram To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the TribeGo to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space. Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.It's 100% free to join. The opportunities in this community  are endless, what are you waiting for?