Podcasts about refinance

How Are We Finding So Many Great Real Estate Deals? If great real estate deals really exist, why isn't everybody buying them? That was the question that came into the Canadian Real Estate Investing Morning Show today. A listener wanted to know how Wayne keeps finding strong deals, how REI Masters students keep buying cash-flowing properties, and why those opportunities seem almost invisible to everyone else. Wayne and Gabby's answer is simple: You don't know what you don't know. The properties are not hidden. The MLS is not secretly showing Wayne different listings. The opportunities are sitting in front of everybody. The difference is understanding what you are actually looking at. Today's episode also covers the growing infill controversy in Edmonton, a suspicious fire in Parkview following an anti-infill protest, the current Edmonton rental market, and several recent deals being completed by REI Masters students. "Something Seems Off" The listener's email asked: How can Wayne and his students keep finding all these great deals if everyone else can see the same properties? Wouldn't somebody else buy them first? Wayne's response is that most people are looking at real estate one-dimensionally. Experienced investors are looking at it from multiple angles. Two people can look at the exact same property. One sees: An old townhouse. A condo fee. A property that has been sitting on the market. Something that needs work. Another investor sees: Strong tenant demand. Cash flow. A below-market acquisition. A refinance opportunity. Long-term appreciation potential. A BRRRR. A wholesale assignment. Or simply a property that fits a very specific investment framework. The property did not change. The investor's knowledge changed. Buying the Property Is the Easy Part Wayne explains that even when he tells people exactly what type of property to buy, that does not guarantee success. He could say: Buy three-bedroom townhouses in Edmonton. He could narrow it down further. West end. South side. Certain neighbourhoods. Certain price ranges. But there are still plenty of ways to make a mistake. Which complex? What condo corporation? What reserve fund? What future repairs are coming? What tenant profile? What rent? What condition? What purchase price? What financing? What cash flow? What due diligence? And once you buy it, how will you manage it for the next 20 years? The purchase is only one piece of the puzzle. Why Education Changes What You See Wayne compares real estate knowledge to assembling a puzzle. The Morning Show gives investors pieces every weekday morning. Over time, listeners begin understanding how those pieces fit together. But somebody who hears only one episode may hear: "Buy an Edmonton townhouse." And think that is the entire strategy. It is not. The strategy is the complete framework surrounding the acquisition. Gabby summarizes the difference: Education. Someone who understands an industry will recognize opportunities that somebody without that education will completely miss. That principle applies far beyond real estate. The Deals Are Right in Front of You Wayne explains how his own acquisition process often works. Every month or two, he decides he is ready to buy. He messages his Edmonton realtor, Calvin Hexter, and tells him: I'm in buy mode. Then Wayne reviews the available inventory. He may look at seven properties. Write three offers. Get two accepted. And buy them. There is no secret inventory. There is no hidden database. The opportunities are already available. The key is recognizing which properties meet the framework and knowing how to evaluate them quickly enough to act. Wayne Has Already Locked Up Three Properties Wayne says he has already locked up three properties recently and still wants to purchase two more. The reason he has not bought the additional properties yet is not a lack of money or financing. He simply has not seen anything good enough. That is another important lesson. Being ready to buy does not mean forcing a deal. You wait until the property fits. Then you move. Opportunities Constantly Change A great real estate strategy today may not be a great strategy three years from now. Markets change. Prices change. Rents change. Interest rates change. Inventory changes. Investor competition changes. That means opportunities appear and disappear. Wayne says there are currently two particularly strong opportunities in Edmonton. Eventually, everybody may recognize them. Prices will increase. Competition will increase. Returns will compress. And the opportunity will disappear. Then investors need to recognize the next one. The Cost of Waiting for Proof One of Wayne's biggest warnings is waiting too long for proof that a strategy works. People often want to see everybody else doing it before they feel comfortable. But once everybody else is doing it, that creates the very competition that removes the opportunity. Wayne says his best deals often happen because he recognizes the opportunity before the broader market does. His students may then enter shortly afterward. Eventually everybody catches on. By that time, prices may already be 15%, 20% or 25% higher. Education allows investors to recognize opportunities earlier. REI Masters Student Deals Wayne and Gabby also highlight several deals currently happening inside the REI Masters community. Dennis Dennis recently took possession of another rental property generating approximately: $580 per month in cash flow. Wayne says Dennis and Andrea have acquired several properties during their first year and have added substantial monthly cash flow to their portfolio. Kyla and Fabian Kyla and Fabian found an off-market property through their We Buy Houses marketing. Instead of completing the flip themselves, they found another buyer and are assigning the opportunity for approximately: $10,000. Kane Kane recently locked up his first wholesale deal. Wayne describes it as an excellent potential Edmonton BRRRR opportunity. The property is a three-bedroom townhouse requiring approximately $15,000 to $20,000 in renovations. The potential strategy: Buy. Renovate. Refinance. Recover the invested capital. Keep the property. Cash flow approximately $300 per month afterward. Wayne says the property scored approximately 9% on the cash-flow test. Jas and Rupinder Jas and Rupinder recently acquired another property for approximately $30,000 to $40,000 below market value. They plan to complete renovations and may potentially use a BRRRR strategy. Anya Anya recently acquired a commercial property worth approximately: $2 million. Amanda Amanda has secured her first joint venture partner. Her challenge now is finding the right deal for the available capital. Additional Students Wayne also highlights several other students who have been acquiring properties, raising joint venture capital, building rent-to-own businesses and expanding their portfolios. The common thread is not luck. It is education followed by action. Edmonton's Infill Debate Gets Hotter The episode also covers a very different Edmonton real estate story. Residents in Edmonton's Parkview neighbourhood recently held a protest against increasing infill development. Residents have raised concerns about: Density Parking Traffic Garbage collection Snow removal Construction disruption Neighbourhood character Property values Shortly after the protest, a vacant house slated for redevelopment caught fire. The property reportedly had approval for a four-dwelling row house with four secondary suites. Fire officials considered the blaze suspicious, and Edmonton police began investigating. Wayne makes clear that nobody knows whether the fire had any connection to the protest. But the timing intensified an already heated debate around infill development in mature Edmonton neighbourhoods. Another Infill Fire Had a Different Cause Wayne also discusses another recent Edmonton infill-related fire. That fire was reportedly connected to a lithium-ion battery inside an electric scooter. Wayne says Edmonton fire officials reported numerous lithium-ion battery-related fires and millions of dollars in associated damage. The two fires were unrelated, but both highlight risks surrounding increasingly dense residential development. Wayne's Complicated View on Infill Wayne openly admits he has mixed feelings about Edmonton's infill boom. He participates in infill development. He believes new housing supply is necessary. He also understands why existing homeowners may be frustrated. Wayne believes Edmonton went too far in certain areas and added too much competing rental supply too quickly. That additional supply has created significant pressure on some segments of Edmonton's rental market. But not every property type is being affected equally. Edmonton Rents Are Down — But Not for Every Property Wayne says Edmonton rents overall have softened year over year. However, rents within his own portfolio have continued increasing. Why? Because he deliberately purchased properties that serve a different tenant profile than much of the new rental supply being built. This is another example of why understanding property type matters. Citywide averages do not tell you everything. You need to understand exactly who your tenant is, what alternatives they have and what type of property they actually want. The Main Lesson If you look at Wayne's deals or the deals being completed by REI Masters students and think: "Something seems off. Why don't I see these?" The better question may be: "What am I not seeing yet?" The listings are there. The opportunities are there. But opportunities only become obvious when you understand: The market. The numbers. The property type. The tenant. The risks. The financing. The exit. The operations. And how all of those pieces work together. Education changes what you see. Action determines what you do with it. REIcon – The Summit Series REIcon starts tonight in Edmonton. September 11–13, 2026 Wayne and Gabby will be there Friday and Saturday. The Canadian Real Estate Investing Morning Show will broadcast live on stage Saturday morning at 8:00 AM. Wayne will also be teaching due diligence, while Wayne and Gabby will present together on property and asset management. Get tickets at: www.reiconference.ca Use discount code: REIMASTERS15 for 15% off. REI Masters Mentorship Work directly with Wayne and Gabby on acquisitions, financing, market selection, joint ventures, wholesaling, BRRRR strategies, due diligence, property management and building a profitable Canadian real estate portfolio. www.reimasters.ca The 5% Rule™ Learn Wayne Hillier's cash-flow framework for evaluating rental properties. Search The 5% Rule by Wayne Hillier on Amazon. Watch the Morning Show Join Wayne and Gabby every weekday morning at 7:00 AM Mountain Time on YouTube. Follow Wayne Hillier – Real Estate Investing Coach on YouTube. Questions: info@reimorningshow.com Upcoming Events REIcon – The Summit Series Edmonton, Alberta September 11–13, 2026 www.reiconference.ca Discount code: REIMASTERS15 REI Masters Annual Retreat Edmonton, Alberta October 17–18, 2026 www.reimasters.ca Sponsors Calvin Realty – Edmonton Investor-Focused Realtor Team www.calvinrealty.ca Finngo Bookkeeping & Tax Specialized bookkeeping and tax services for Canadian real estate investors. www.finngo.com/rei Kirkwood & Brennan Mortgage Group Investor-focused mortgage planning for Canadian real estate investors. www.kbmortgages.ca keaton@kbmortgages.ca

How Are We Finding So Many Great Real Estate Deals? If great real estate deals really exist, why isn't everybody buying them? That was the question that came into the Canadian Real Estate Investing Morning Show today. A listener wanted to know how Wayne keeps finding strong deals, how REI Masters students keep buying cash-flowing properties, and why those opportunities seem almost invisible to everyone else. Wayne and Gabby's answer is simple: You don't know what you don't know. The properties are not hidden. The MLS is not secretly showing Wayne different listings. The opportunities are sitting in front of everybody. The difference is understanding what you are actually looking at. Today's episode also covers the growing infill controversy in Edmonton, a suspicious fire in Parkview following an anti-infill protest, the current Edmonton rental market, and several recent deals being completed by REI Masters students. "Something Seems Off" The listener's email asked: How can Wayne and his students keep finding all these great deals if everyone else can see the same properties? Wouldn't somebody else buy them first? Wayne's response is that most people are looking at real estate one-dimensionally. Experienced investors are looking at it from multiple angles. Two people can look at the exact same property. One sees: An old townhouse. A condo fee. A property that has been sitting on the market. Something that needs work. Another investor sees: Strong tenant demand. Cash flow. A below-market acquisition. A refinance opportunity. Long-term appreciation potential. A BRRRR. A wholesale assignment. Or simply a property that fits a very specific investment framework. The property did not change. The investor's knowledge changed. Buying the Property Is the Easy Part Wayne explains that even when he tells people exactly what type of property to buy, that does not guarantee success. He could say: Buy three-bedroom townhouses in Edmonton. He could narrow it down further. West end. South side. Certain neighbourhoods. Certain price ranges. But there are still plenty of ways to make a mistake. Which complex? What condo corporation? What reserve fund? What future repairs are coming? What tenant profile? What rent? What condition? What purchase price? What financing? What cash flow? What due diligence? And once you buy it, how will you manage it for the next 20 years? The purchase is only one piece of the puzzle. Why Education Changes What You See Wayne compares real estate knowledge to assembling a puzzle. The Morning Show gives investors pieces every weekday morning. Over time, listeners begin understanding how those pieces fit together. But somebody who hears only one episode may hear: "Buy an Edmonton townhouse." And think that is the entire strategy. It is not. The strategy is the complete framework surrounding the acquisition. Gabby summarizes the difference: Education. Someone who understands an industry will recognize opportunities that somebody without that education will completely miss. That principle applies far beyond real estate. The Deals Are Right in Front of You Wayne explains how his own acquisition process often works. Every month or two, he decides he is ready to buy. He messages his Edmonton realtor, Calvin Hexter, and tells him: I'm in buy mode. Then Wayne reviews the available inventory. He may look at seven properties. Write three offers. Get two accepted. And buy them. There is no secret inventory. There is no hidden database. The opportunities are already available. The key is recognizing which properties meet the framework and knowing how to evaluate them quickly enough to act. Wayne Has Already Locked Up Three Properties Wayne says he has already locked up three properties recently and still wants to purchase two more. The reason he has not bought the additional properties yet is not a lack of money or financing. He simply has not seen anything good enough. That is another important lesson. Being ready to buy does not mean forcing a deal. You wait until the property fits. Then you move. Opportunities Constantly Change A great real estate strategy today may not be a great strategy three years from now. Markets change. Prices change. Rents change. Interest rates change. Inventory changes. Investor competition changes. That means opportunities appear and disappear. Wayne says there are currently two particularly strong opportunities in Edmonton. Eventually, everybody may recognize them. Prices will increase. Competition will increase. Returns will compress. And the opportunity will disappear. Then investors need to recognize the next one. The Cost of Waiting for Proof One of Wayne's biggest warnings is waiting too long for proof that a strategy works. People often want to see everybody else doing it before they feel comfortable. But once everybody else is doing it, that creates the very competition that removes the opportunity. Wayne says his best deals often happen because he recognizes the opportunity before the broader market does. His students may then enter shortly afterward. Eventually everybody catches on. By that time, prices may already be 15%, 20% or 25% higher. Education allows investors to recognize opportunities earlier. REI Masters Student Deals Wayne and Gabby also highlight several deals currently happening inside the REI Masters community. Dennis Dennis recently took possession of another rental property generating approximately: $580 per month in cash flow. Wayne says Dennis and Andrea have acquired several properties during their first year and have added substantial monthly cash flow to their portfolio. Kyla and Fabian Kyla and Fabian found an off-market property through their We Buy Houses marketing. Instead of completing the flip themselves, they found another buyer and are assigning the opportunity for approximately: $10,000. Kane Kane recently locked up his first wholesale deal. Wayne describes it as an excellent potential Edmonton BRRRR opportunity. The property is a three-bedroom townhouse requiring approximately $15,000 to $20,000 in renovations. The potential strategy: Buy. Renovate. Refinance. Recover the invested capital. Keep the property. Cash flow approximately $300 per month afterward. Wayne says the property scored approximately 9% on the cash-flow test. Jas and Rupinder Jas and Rupinder recently acquired another property for approximately $30,000 to $40,000 below market value. They plan to complete renovations and may potentially use a BRRRR strategy. Anya Anya recently acquired a commercial property worth approximately: $2 million. Amanda Amanda has secured her first joint venture partner. Her challenge now is finding the right deal for the available capital. Additional Students Wayne also highlights several other students who have been acquiring properties, raising joint venture capital, building rent-to-own businesses and expanding their portfolios. The common thread is not luck. It is education followed by action. Edmonton's Infill Debate Gets Hotter The episode also covers a very different Edmonton real estate story. Residents in Edmonton's Parkview neighbourhood recently held a protest against increasing infill development. Residents have raised concerns about: Density Parking Traffic Garbage collection Snow removal Construction disruption Neighbourhood character Property values Shortly after the protest, a vacant house slated for redevelopment caught fire. The property reportedly had approval for a four-dwelling row house with four secondary suites. Fire officials considered the blaze suspicious, and Edmonton police began investigating. Wayne makes clear that nobody knows whether the fire had any connection to the protest. But the timing intensified an already heated debate around infill development in mature Edmonton neighbourhoods. Another Infill Fire Had a Different Cause Wayne also discusses another recent Edmonton infill-related fire. That fire was reportedly connected to a lithium-ion battery inside an electric scooter. Wayne says Edmonton fire officials reported numerous lithium-ion battery-related fires and millions of dollars in associated damage. The two fires were unrelated, but both highlight risks surrounding increasingly dense residential development. Wayne's Complicated View on Infill Wayne openly admits he has mixed feelings about Edmonton's infill boom. He participates in infill development. He believes new housing supply is necessary. He also understands why existing homeowners may be frustrated. Wayne believes Edmonton went too far in certain areas and added too much competing rental supply too quickly. That additional supply has created significant pressure on some segments of Edmonton's rental market. But not every property type is being affected equally. Edmonton Rents Are Down — But Not for Every Property Wayne says Edmonton rents overall have softened year over year. However, rents within his own portfolio have continued increasing. Why? Because he deliberately purchased properties that serve a different tenant profile than much of the new rental supply being built. This is another example of why understanding property type matters. Citywide averages do not tell you everything. You need to understand exactly who your tenant is, what alternatives they have and what type of property they actually want. The Main Lesson If you look at Wayne's deals or the deals being completed by REI Masters students and think: "Something seems off. Why don't I see these?" The better question may be: "What am I not seeing yet?" The listings are there. The opportunities are there. But opportunities only become obvious when you understand: The market. The numbers. The property type. The tenant. The risks. The financing. The exit. The operations. And how all of those pieces work together. Education changes what you see. Action determines what you do with it. REIcon – The Summit Series REIcon starts tonight in Edmonton. September 11–13, 2026 Wayne and Gabby will be there Friday and Saturday. The Canadian Real Estate Investing Morning Show will broadcast live on stage Saturday morning at 8:00 AM. Wayne will also be teaching due diligence, while Wayne and Gabby will present together on property and asset management. Get tickets at: www.reiconference.ca Use discount code: REIMASTERS15 for 15% off. REI Masters Mentorship Work directly with Wayne and Gabby on acquisitions, financing, market selection, joint ventures, wholesaling, BRRRR strategies, due diligence, property management and building a profitable Canadian real estate portfolio. www.reimasters.ca The 5% Rule™ Learn Wayne Hillier's cash-flow framework for evaluating rental properties. Search The 5% Rule by Wayne Hillier on Amazon. Watch the Morning Show Join Wayne and Gabby every weekday morning at 7:00 AM Mountain Time on YouTube. Follow Wayne Hillier – Real Estate Investing Coach on YouTube. Questions: info@reimorningshow.com Upcoming Events REIcon – The Summit Series Edmonton, Alberta September 11–13, 2026 www.reiconference.ca Discount code: REIMASTERS15 REI Masters Annual Retreat Edmonton, Alberta October 17–18, 2026 www.reimasters.ca Sponsors Calvin Realty – Edmonton Investor-Focused Realtor Team www.calvinrealty.ca Finngo Bookkeeping & Tax Specialized bookkeeping and tax services for Canadian real estate investors. www.finngo.com/rei Kirkwood & Brennan Mortgage Group Investor-focused mortgage planning for Canadian real estate investors. www.kbmortgages.ca keaton@kbmortgages.ca

What does it really take to build a $60 million real estate portfolio starting in your early 20s?In this episode of the Builders of Authority Podcast, Adam McChesney sits down with James Gleeson, a St. Louis real estate investor and serial entrepreneur, to break down how he went from college basketball and mechanical engineering to owning more than 450 rental units.James shares how he built the majority of his portfolio without syndications, using the BRRRR method to create equity, recycle capital, and scale faster.In this conversation, Adam and James discuss:• Transitioning from college athletics into real estate investing• Building a portfolio of more than 450 rental units• How the BRRRR method works: Buy, Renovate, Rent, Refinance, Repeat• Using leverage to grow without constantly putting in new capital• Underwriting deals and understanding net operating income• Why long-term cash flow matters for protecting equity• The tax advantages available to real estate investors• Depreciation, refinancing, and real estate professional status• Vertically integrating construction, property management, lending, and education• Managing the operational chaos that comes with rapid growth• The connection between an athlete mindset and entrepreneurship• Why execution matters more than endlessly consuming informationJames also explains why vertical integration became necessary as his portfolio expanded. By bringing more of the operation in-house, he was able to create greater control across construction, management, lending, and education.The episode closes with a conversation about perseverance, taking action, and why gathering more information means very little if you never execute.

What You Need To Know Before Investing in a New City How do you know whether a city is actually a good place to invest in real estate? A market can have cheap houses. It can have great-looking cash flow. Population might be increasing. Property values might be rising. And it can still be a terrible place to build a long-term rental portfolio. In today's episode of the Canadian Real Estate Investing Morning Show, Wayne and Gabby answer a question from listener Carmen: What do you look for when deciding whether to invest in a new city? Wayne breaks down five of the major factors he looks at before putting money into a new real estate market. The goal is not simply finding the city with the highest appreciation or cheapest properties. The goal is finding a market where you can buy a profitable rental business, operate it successfully, and have confidence that it can remain sustainable for the next 20 years. The Framework Comes Before the City Wayne explains that he does not start by falling in love with a city and then trying to make the numbers work. He starts with his investment framework. Then he asks: Does this market fit? If it does not fit the fundamentals, he moves on. Gabby describes it as trying to fit the correct peg into the correct hole. You do not start sanding the corners off because you really want the deal to work. The standards stay the same. The market either meets them or it does not. 1. Landlord and Tenant Laws One of Wayne's first considerations is the legal environment where the rental business will operate. A city can have: Great cash flow. Strong population growth. Excellent rents. Good appreciation potential. Low vacancy. And attractive properties. But if the landlord and tenant laws prevent you from operating the rental business effectively, that can be enough for Wayne to walk away. Wayne uses Ontario as an example. Issues such as restrictions surrounding lease termination, rent increases and lengthy dispute processes can materially change the risk profile of owning rental property. Gabby makes an important point: Managing the property properly is how you ultimately make money. You can make money when you buy. You can have great appreciation. You can have positive cash flow. But poor operations can destroy all of it. Wayne wants to know that both landlord and tenant are held accountable to the agreement they signed and that there is a reasonably efficient process when somebody does not fulfil their obligations. Before researching individual cities, understand the landlord and tenant laws of the province. 2. Cash Flow Potential Cash flow is one of the most important filters Wayne uses. If the type of property he wants to purchase cannot generate sufficient cash flow in that market, he will not buy there. Why? Because Wayne does not view rental real estate as simply purchasing an asset and hoping its value increases. He is buying an asset and operating a business from it. A business consistently spending more every month than it generates is not attractive simply because the building might eventually appreciate. Cash flow is also Wayne's primary risk mitigator. The greater the cash-flow cushion, the more room the investment has to absorb things outside the investor's control: Higher interest rates Vacancy Lower rents Increasing expenses Job losses Economic changes Unexpected repairs Wayne uses the 5% Rule™ Cash Flow Test as a minimum standard for evaluating this. Understand the Specific Neighbourhood Do not simply search: "What is the average rent in this city?" That is not enough. Different neighbourhoods attract different tenants. Different property types command different rents. One side of a city may perform very differently from another. Wayne and Gabby recommend researching the actual properties competing with the one you intend to purchase. Wayne gives an example from recent market-rent research. There were only a handful of comparable rentals available, and his property was clearly superior to the competition. Instead of simply copying the average asking rent, he decided the property could justify charging more. Market rent is not just a statistic. It is the price your property can command relative to the alternatives available to tenants. 3. Market Size Small towns can sometimes produce incredible-looking cash flow. Properties can be inexpensive. There may be almost no rental competition. Rents may appear exceptionally strong relative to purchase prices. That can be tempting. But Wayne sees a major problem: Sustainability. Everything can look fantastic while the town is booming. Then one employer closes. One construction project ends. One mine shuts down. One mill disappears. One economic event hits the dominant industry. Suddenly the rental demand that supported your investment disappears. Wayne generally prefers major cities with populations of approximately 500,000 or more. That is not a universal rule for every investor. It is his preference because larger markets generally provide more diversification and resilience. What About Smaller Cities Around Major Centres? Gabby adds an important exception. Smaller communities immediately surrounding a major metropolitan area can function as extensions of the larger city. Examples around Edmonton include: St. Albert Sherwood Park Spruce Grove Beaumont Residents may live there while still working, shopping and participating economically in the larger metropolitan area. Sometimes those communities offer lower purchase prices while maintaining similar rental demand. The important distinction is whether the smaller community has a genuinely diversified economic connection to the larger centre or exists primarily because of one local employer. 4. Industries and Employment Once Wayne identifies a potential market, he wants to understand: Why do people live there? Where are the jobs? How much do those jobs pay? Are those jobs sustainable? Are more jobs being created? Is the city dependent on one employer or industry? A market dominated by a single mill, mine, manufacturing plant or temporary infrastructure project creates more risk. If that employer disappears, the rental market can change extremely quickly. Wayne prefers markets with diversified employment and industries capable of producing good-paying, long-term jobs. Temporary Growth Can Fool Investors Imagine a small community suddenly gets thousands of workers because a major highway, mine, pipeline or infrastructure project is being built. Rental demand explodes. Vacancy disappears. Rents increase. Investors see the numbers and rush in. But what happens when construction finishes? If those workers leave and there is no permanent economic reason for people to remain, the rental demand can disappear just as quickly as it arrived. Wayne wants investments that can survive for 20 years. Not just the next construction cycle. 5. Population Growth and Migration Population growth is another major factor. More people moving into a city creates additional demand for housing. Initially, many newcomers rent. Eventually, some become homeowners. That can create pressure on both: Rental demand and Real estate values. Wayne wants to study the history of population growth and net migration. But historical numbers are not enough. He also looks forward. What projects are being announced? What employers are expanding? What new industries are arriving? What infrastructure is being built? What will cause people to move there over the next five, ten or twenty years? Follow the Jobs Wayne gives a theoretical example of a major new project creating thousands of construction jobs followed by thousands of permanent jobs. During construction, many workers may become renters. That puts pressure on rental supply. Later, some of those workers may take permanent jobs and become homebuyers. If you own the right type of property, you can potentially benefit from both phases. First, strong rental demand. Later, increased homebuyer demand for the same type of property. That is exactly the kind of long-term market dynamic Wayne looks for. Real Estate Prices Going Up Is Not Enough A city can have rapidly increasing real estate prices and still be a poor rental market. Gabby discusses communities where outside buyers drove prices higher while local residents increasingly struggled to afford either rents or homes. That creates a disconnect. Wayne repeatedly comes back to the same principle: You are not simply buying a box and hoping the box becomes more valuable. You are operating a business from the property. The market needs to support that business. The Five Filters When Wayne begins evaluating a new real estate market, five of the major things he considers are: Landlord and tenant laws Cash flow potential Market size Industries and employment Population growth and migration These five factors are only the beginning. Once a market passes those filters, deeper due diligence begins. What neighbourhoods? What asset classes? What tenant profile? What vacancy? What property values? What rents? What long-term development is happening? The purpose of the first analysis is not to prove that you should invest somewhere. It is to determine whether the market deserves further investigation. A Rare BRRRR Opportunity in Edmonton Wayne and Gabby also discuss an opportunity brought to the previous night's REI Masters coaching session. One student operating a wholesaling business found an Edmonton property that Wayne believes could potentially make an excellent BRRRR. The renovation appears relatively simple, potentially around $10,000 to $20,000 in cosmetic improvements. The strategy would be: Buy the property. Complete the renovation. Increase the value. Refinance. Recover the invested capital. Then hold the property as a cash-flowing rental. Based on the analysis discussed during the coaching session, Wayne says the property performed exceptionally well on the cash-flow test. He describes opportunities like this as increasingly rare and says Edmonton has not offered many comparable BRRRR opportunities in several years. Weekly REI Masters Coaching Wayne and Gabby also share several wins and challenges discussed during their weekly REI Masters coaching session. Students are currently working through: Condo document due diligence Off-market acquisitions Wholesale assignments Joint venture partnerships Finding deals for money partners BRRRR opportunities Financing Legal issues Market selection The coaching sessions are designed around helping students solve the actual roadblocks preventing them from reaching their next objective. REIcon – The Summit Series REIcon begins tomorrow in Edmonton. September 11–13, 2026 Wayne and Gabby will be there Friday and Saturday. On Saturday morning at 8:00 AM, the Canadian Real Estate Investing Morning Show will be recorded live on stage. Wayne and Gabby are also presenting during Saturday's sessions. Get tickets at: www.reiconference.ca Use discount code: REIMASTERS15 for 15% off. REI Masters Mentorship Work directly with Wayne and Gabby on market selection, acquisitions, financing, deal analysis, property management, joint ventures, wholesaling and building a profitable Canadian real estate portfolio. www.reimasters.ca The 5% Rule™ Learn Wayne Hillier's cash-flow framework for evaluating Canadian rental properties. Search The 5% Rule by Wayne Hillier on Amazon. Watch the Morning Show Join Wayne and Gabby every weekday morning at 7:00 AM Mountain Time on YouTube. Follow Wayne Hillier – Real Estate Investing Coach on YouTube. Questions for the show: info@reimorningshow.com Upcoming Events REIcon – The Summit Series Edmonton, Alberta September 11–13, 2026 www.reiconference.ca Discount code: REIMASTERS15 REI Masters Annual Retreat Edmonton, Alberta October 17–18, 2026 www.reimasters.ca Sponsors Calvin Realty – Edmonton Investor-Focused Realtor Team www.calvinrealty.ca Finngo Bookkeeping & Tax Specialized bookkeeping and tax services for Canadian real estate investors. www.finngo.com/rei Kirkwood & Brennan Mortgage Group Investor-focused mortgage planning for Canadian real estate investors. www.kbmortgages.ca keaton@kbmortgages.ca

What You Need To Know Before Investing in a New City How do you know whether a city is actually a good place to invest in real estate? A market can have cheap houses. It can have great-looking cash flow. Population might be increasing. Property values might be rising. And it can still be a terrible place to build a long-term rental portfolio. In today's episode of the Canadian Real Estate Investing Morning Show, Wayne and Gabby answer a question from listener Carmen: What do you look for when deciding whether to invest in a new city? Wayne breaks down five of the major factors he looks at before putting money into a new real estate market. The goal is not simply finding the city with the highest appreciation or cheapest properties. The goal is finding a market where you can buy a profitable rental business, operate it successfully, and have confidence that it can remain sustainable for the next 20 years. The Framework Comes Before the City Wayne explains that he does not start by falling in love with a city and then trying to make the numbers work. He starts with his investment framework. Then he asks: Does this market fit? If it does not fit the fundamentals, he moves on. Gabby describes it as trying to fit the correct peg into the correct hole. You do not start sanding the corners off because you really want the deal to work. The standards stay the same. The market either meets them or it does not. 1. Landlord and Tenant Laws One of Wayne's first considerations is the legal environment where the rental business will operate. A city can have: Great cash flow. Strong population growth. Excellent rents. Good appreciation potential. Low vacancy. And attractive properties. But if the landlord and tenant laws prevent you from operating the rental business effectively, that can be enough for Wayne to walk away. Wayne uses Ontario as an example. Issues such as restrictions surrounding lease termination, rent increases and lengthy dispute processes can materially change the risk profile of owning rental property. Gabby makes an important point: Managing the property properly is how you ultimately make money. You can make money when you buy. You can have great appreciation. You can have positive cash flow. But poor operations can destroy all of it. Wayne wants to know that both landlord and tenant are held accountable to the agreement they signed and that there is a reasonably efficient process when somebody does not fulfil their obligations. Before researching individual cities, understand the landlord and tenant laws of the province. 2. Cash Flow Potential Cash flow is one of the most important filters Wayne uses. If the type of property he wants to purchase cannot generate sufficient cash flow in that market, he will not buy there. Why? Because Wayne does not view rental real estate as simply purchasing an asset and hoping its value increases. He is buying an asset and operating a business from it. A business consistently spending more every month than it generates is not attractive simply because the building might eventually appreciate. Cash flow is also Wayne's primary risk mitigator. The greater the cash-flow cushion, the more room the investment has to absorb things outside the investor's control: Higher interest rates Vacancy Lower rents Increasing expenses Job losses Economic changes Unexpected repairs Wayne uses the 5% Rule™ Cash Flow Test as a minimum standard for evaluating this. Understand the Specific Neighbourhood Do not simply search: "What is the average rent in this city?" That is not enough. Different neighbourhoods attract different tenants. Different property types command different rents. One side of a city may perform very differently from another. Wayne and Gabby recommend researching the actual properties competing with the one you intend to purchase. Wayne gives an example from recent market-rent research. There were only a handful of comparable rentals available, and his property was clearly superior to the competition. Instead of simply copying the average asking rent, he decided the property could justify charging more. Market rent is not just a statistic. It is the price your property can command relative to the alternatives available to tenants. 3. Market Size Small towns can sometimes produce incredible-looking cash flow. Properties can be inexpensive. There may be almost no rental competition. Rents may appear exceptionally strong relative to purchase prices. That can be tempting. But Wayne sees a major problem: Sustainability. Everything can look fantastic while the town is booming. Then one employer closes. One construction project ends. One mine shuts down. One mill disappears. One economic event hits the dominant industry. Suddenly the rental demand that supported your investment disappears. Wayne generally prefers major cities with populations of approximately 500,000 or more. That is not a universal rule for every investor. It is his preference because larger markets generally provide more diversification and resilience. What About Smaller Cities Around Major Centres? Gabby adds an important exception. Smaller communities immediately surrounding a major metropolitan area can function as extensions of the larger city. Examples around Edmonton include: St. Albert Sherwood Park Spruce Grove Beaumont Residents may live there while still working, shopping and participating economically in the larger metropolitan area. Sometimes those communities offer lower purchase prices while maintaining similar rental demand. The important distinction is whether the smaller community has a genuinely diversified economic connection to the larger centre or exists primarily because of one local employer. 4. Industries and Employment Once Wayne identifies a potential market, he wants to understand: Why do people live there? Where are the jobs? How much do those jobs pay? Are those jobs sustainable? Are more jobs being created? Is the city dependent on one employer or industry? A market dominated by a single mill, mine, manufacturing plant or temporary infrastructure project creates more risk. If that employer disappears, the rental market can change extremely quickly. Wayne prefers markets with diversified employment and industries capable of producing good-paying, long-term jobs. Temporary Growth Can Fool Investors Imagine a small community suddenly gets thousands of workers because a major highway, mine, pipeline or infrastructure project is being built. Rental demand explodes. Vacancy disappears. Rents increase. Investors see the numbers and rush in. But what happens when construction finishes? If those workers leave and there is no permanent economic reason for people to remain, the rental demand can disappear just as quickly as it arrived. Wayne wants investments that can survive for 20 years. Not just the next construction cycle. 5. Population Growth and Migration Population growth is another major factor. More people moving into a city creates additional demand for housing. Initially, many newcomers rent. Eventually, some become homeowners. That can create pressure on both: Rental demand and Real estate values. Wayne wants to study the history of population growth and net migration. But historical numbers are not enough. He also looks forward. What projects are being announced? What employers are expanding? What new industries are arriving? What infrastructure is being built? What will cause people to move there over the next five, ten or twenty years? Follow the Jobs Wayne gives a theoretical example of a major new project creating thousands of construction jobs followed by thousands of permanent jobs. During construction, many workers may become renters. That puts pressure on rental supply. Later, some of those workers may take permanent jobs and become homebuyers. If you own the right type of property, you can potentially benefit from both phases. First, strong rental demand. Later, increased homebuyer demand for the same type of property. That is exactly the kind of long-term market dynamic Wayne looks for. Real Estate Prices Going Up Is Not Enough A city can have rapidly increasing real estate prices and still be a poor rental market. Gabby discusses communities where outside buyers drove prices higher while local residents increasingly struggled to afford either rents or homes. That creates a disconnect. Wayne repeatedly comes back to the same principle: You are not simply buying a box and hoping the box becomes more valuable. You are operating a business from the property. The market needs to support that business. The Five Filters When Wayne begins evaluating a new real estate market, five of the major things he considers are: Landlord and tenant laws Cash flow potential Market size Industries and employment Population growth and migration These five factors are only the beginning. Once a market passes those filters, deeper due diligence begins. What neighbourhoods? What asset classes? What tenant profile? What vacancy? What property values? What rents? What long-term development is happening? The purpose of the first analysis is not to prove that you should invest somewhere. It is to determine whether the market deserves further investigation. A Rare BRRRR Opportunity in Edmonton Wayne and Gabby also discuss an opportunity brought to the previous night's REI Masters coaching session. One student operating a wholesaling business found an Edmonton property that Wayne believes could potentially make an excellent BRRRR. The renovation appears relatively simple, potentially around $10,000 to $20,000 in cosmetic improvements. The strategy would be: Buy the property. Complete the renovation. Increase the value. Refinance. Recover the invested capital. Then hold the property as a cash-flowing rental. Based on the analysis discussed during the coaching session, Wayne says the property performed exceptionally well on the cash-flow test. He describes opportunities like this as increasingly rare and says Edmonton has not offered many comparable BRRRR opportunities in several years. Weekly REI Masters Coaching Wayne and Gabby also share several wins and challenges discussed during their weekly REI Masters coaching session. Students are currently working through: Condo document due diligence Off-market acquisitions Wholesale assignments Joint venture partnerships Finding deals for money partners BRRRR opportunities Financing Legal issues Market selection The coaching sessions are designed around helping students solve the actual roadblocks preventing them from reaching their next objective. REIcon – The Summit Series REIcon begins tomorrow in Edmonton. September 11–13, 2026 Wayne and Gabby will be there Friday and Saturday. On Saturday morning at 8:00 AM, the Canadian Real Estate Investing Morning Show will be recorded live on stage. Wayne and Gabby are also presenting during Saturday's sessions. Get tickets at: www.reiconference.ca Use discount code: REIMASTERS15 for 15% off. REI Masters Mentorship Work directly with Wayne and Gabby on market selection, acquisitions, financing, deal analysis, property management, joint ventures, wholesaling and building a profitable Canadian real estate portfolio. www.reimasters.ca The 5% Rule™ Learn Wayne Hillier's cash-flow framework for evaluating Canadian rental properties. Search The 5% Rule by Wayne Hillier on Amazon. Watch the Morning Show Join Wayne and Gabby every weekday morning at 7:00 AM Mountain Time on YouTube. Follow Wayne Hillier – Real Estate Investing Coach on YouTube. Questions for the show: info@reimorningshow.com Upcoming Events REIcon – The Summit Series Edmonton, Alberta September 11–13, 2026 www.reiconference.ca Discount code: REIMASTERS15 REI Masters Annual Retreat Edmonton, Alberta October 17–18, 2026 www.reimasters.ca Sponsors Calvin Realty – Edmonton Investor-Focused Realtor Team www.calvinrealty.ca Finngo Bookkeeping & Tax Specialized bookkeeping and tax services for Canadian real estate investors. www.finngo.com/rei Kirkwood & Brennan Mortgage Group Investor-focused mortgage planning for Canadian real estate investors. www.kbmortgages.ca keaton@kbmortgages.ca

Most landlords buy and buy and buy, then never look under the hood. A traditional investor sits down with a financial advisor once a year to rebalance a portfolio against their goals. Real estate investors almost never run the same rental portfolio review on their properties, and that gap is where returns quietly erode. Chris Lopez walks through the keep it, refi it, or sell it framework he has used for nearly a decade across his own portfolio and hundreds of client rentals. Using the Property Llama software, Chris runs a real anonymized example of a paid-off $550K single-family rental and shows exactly how to pressure test whether a property still deserves a spot in your portfolio. The math surprises most investors. A paid-off rental generating $21K in annual cash flow and a $44K gross return looks great on paper, until you calculate the return on equity against the $550K sitting in that piggy bank. That works out to an 8% gross return, below the historical S&P 500 average of roughly 10%. The cash flow return alone lands at 3.8%, roughly what T-bills and bonds are paying with none of the tenant headaches or liability exposure. The refi scenario doubles return on equity to 16%, but current rates push the underlying property into negative cash flow. The 1031 exchange path only marginally improves the numbers. And the option most investors refuse to consider, selling and paying the taxes, 4x’s cash flow from $21K to $75K when the proceeds move into a private lending fund. This rental portfolio review breaks down when each path actually makes sense. In This Episode We Cover: The anti-lifestyle goal setting exercise that clarifies what to cut from your portfolio Why return on equity matters more than return on investment for existing rentals How to benchmark your rentals against the S&P 500 and T-bills The return on hassle filter every landlord should apply Why a refinance can double your return on paper and destroy your cash flow When a 1031 exchange is just a lateral move The scenario where paying capital gains actually beats swap-till-you-drop And So Much More! Whether you own one property or a dozen, this annual rental portfolio review is the check-up your rentals need. Create a free Property Llama account to run these scenarios on your own portfolio, and subscribe to the Denver Real Estate Investing Podcast for more frameworks like this one. Watch the Youtube Video https://youtu.be/7IYMv6WNTj8 Timestamps 00:00 — Introduction 03:07 — Goal setting and the anti-lifestyle list 05:55 — Return on investment vs return on equity 07:50 — The 8% return breakdown on a $550K rental 10:58 — Benchmarking against the S&P 500 and bonds 14:49 — Keep it and optimize 18:25 — Refinance math and why cash flow can collapse 21:36— 1031 exchange scenario 24:54— Selling, paying taxes, and 4x cash flow 27:54 — Running your own numbers in Property Llama Links in Podcast Property Llama: https://propertylama.comProperty Llama investor relations: ir@propertylama.com

This week, we pull back the curtain on the BRRRR method and share why it's not just a five-step formula—it's five big decisions that can make or break your portfolio.We walk through Buy, Rehab, Rent, Refinance, Repeat from the perspective of women actively building portfolios, and we talk honestly about the mistakes we've made so you don't have to. We talk about getting crystal clear on your buy box, choosing the right markets, and making sure each BRRRR actually supports the lifestyle and long-term goals you want—not just what looks good in a spreadsheet.We dig into how to rehab for durability and longevity (not just cute, cheap finishes), including siding, materials, contractors, W-9s, and handling those awkward “cash only” contractor conversations. We also touch on tenant selection, setting boundaries, and treating your rentals like the business they are.Then we go deep on refinancing—rates, lenders, CLTV, appraisals, and how our community has helped us challenge low appraisals and negotiate better terms. Finally, we share why the “Repeat” step should always include a post-mortem so each BRRRR gets better, easier, and more aligned with your version of financial freedom.If you're a female real estate investor looking to scale with BRRRR more intentionally, this episode is for you. Resources:Get on the waitlist for the WIIRE CommunityListen to Episode 45Listen to Episode 141Make sure your name is on the list to secure your spot in The WIIRE Community Leave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

From a young girl who told her father at age six she wanted to be a diplomat, to becoming Nigeria's Ambassador and now the First Lady of Kwara State — Ambassador Olufolake Abdulrazaq's story is one of purpose, resilience and service.In this powerful episode of Blueprint of Success, Rahim Bah sits down with Her Excellency, Mrs. Olufolake Abdulrazaq — a woman who has spent over three decades serving her country across diplomacy, international relations and humanitarian work. From representing Nigeria in London, Paris and Pretoria, to leading the Ajike People Support Centre and empowering thousands of women, children and vulnerable communities, this conversation goes deep into what it really takes to lead with purpose.

Mortgage rates jumped from 5.9% to 6.9% since the Iranian conflict began, and I break down the Fed data, jobs report, and oil prices driving the move, plus what it costs your purchasing power.

Your Tenant Is Running a Business From Your Rental. Now What? Your tenant starts operating a business from your rental property. Do you care? Maybe not. But your condo corporation, municipality, lease agreement and insurance company might. In today's episode of the Canadian Real Estate Investing Morning Show, Wayne and Gabby break down a real situation happening inside their own rental portfolio after a condo corporation discovered that one of their tenants was advertising childcare services from the property. The tenant may simply have been trying to earn some additional income. From Wayne's perspective, that alone is not the problem. The problem is what that business could potentially do to the risk and liability attached to the property. Customers entering the rental. Children being cared for inside. Additional traffic and parking. Increased wear and tear. Business equipment or inventory. Potential injuries. And most importantly: What happens to your landlord insurance policy if the property is being used for something your insurer never agreed to cover? This is the kind of boring property-management system that becomes extremely important the day something goes wrong. What You'll Learn What happened when Wayne and Gabby discovered a tenant advertising childcare from their rental Why the condo corporation became involved Whether landlords should automatically prohibit every home-based business The difference between working from home and operating a customer-facing business Why customer traffic may dramatically change the risk How a business can create parking issues in a condominium Why certain businesses may increase wear and tear Why condo bylaws matter even if the landlord personally approves of the business Why municipal permission does not necessarily override condo bylaws Why Wayne recommends prohibiting businesses by default in the lease How landlords can later approve specific activities individually Why landlord insurance is based partly on the property's intended use How business activity could change coverage, exclusions, deductibles or premiums Why the tenant may need separate business liability insurance Whether the landlord may need to be added as an additional insured Why you should get insurance approval in writing Why landlords should confirm the facts before confronting a tenant How Wayne and Gabby communicated with their tenant Why simply sending an email is not the end of the process How landlords can verify compliance Why a property manager does not eliminate the owner's responsibility Why regular inspections and systems still matter even with professional management Why Wayne Doesn't Obsess Over Daily Real Estate News Wayne starts today's episode responding to a listener who complained that the Morning Show does not spend enough time discussing inflation, trade negotiations, interest-rate predictions and daily real estate-market news. His response is that most of that information has very little impact on how he operates a properly structured long-term rental portfolio. Wayne's strategy is not built around predicting what property values will do next month. It is built around buying properties capable of surviving 20 years or more. That means strong cash flow, strong returns without relying on appreciation, strong tenant demand, the right landlord environment, promising long-term market fundamentals and systems capable of protecting the investment when something inevitably goes wrong. Wayne does pay attention to market information when it could influence an actual decision. Should he buy? Sell? Refinance? Take equity out? Change financing strategy? Those forecasts matter because they affect the operation of the business. But endlessly predicting whether values will move slightly up or down is not the foundation of his investing strategy. Long-Term Investors Need Systems This leads directly into today's primary topic. If you are planning to own a property for 20 years, you need systems for situations that may only happen once or twice during that ownership period. A tenant operating a business from the property is one of those situations. The probability may be relatively low. The consequences could still be significant. And Wayne's philosophy is that the investor should have the system before the problem appears. The Real Situation: A Tenant Advertising Childcare Wayne and Gabby recently received an email from the manager of one of their condominium corporations. Someone had discovered a social-media advertisement from their tenant offering childcare or day-home services from the rental property. The condo corporation provided Wayne and Gabby with a screenshot of the advertisement, the applicable condominium bylaw and a request that the activity stop. The condo bylaws prohibited this type of commercial activity from the townhouse. Wayne's personal reaction was not: "How dare our tenant make money?" Quite the opposite. If the tenant can earn additional income, that may improve their financial situation and ability to pay rent. The problem is that Wayne's personal opinion does not override the condo bylaws. And even without the condo restriction, there would still be several other issues to investigate. Working From Home Is Not Necessarily the Same Thing A home-based business can mean many different things. Someone working remotely on a laptop is obviously different from operating a daycare. Someone selling T-shirts online and shipping them through the mail is different from running a salon with customers coming through the door every hour. Gabby says one of the most important dividing lines is often: Are customers attending the property? Once customers begin arriving, the potential liability changes. That can also affect parking, neighbours and common-property usage in a condominium. A childcare business creates another level of concern because multiple children may be on the property for extended periods. Increased Wear and Tear Insurance is not the only concern. Different businesses can also affect the physical property. Consider customer traffic, equipment, furniture, inventory, frequent use of entrances, additional plumbing or electrical usage and changes made to rooms to accommodate the business. The question becomes: How is this business changing the way my rental property is being used? That matters to both the landlord and insurer. Check the Condo Bylaws For condominium properties, this is one of the first checks. A tenant must comply with the condominium corporation's bylaws. A landlord cannot simply tell the tenant: "I'm okay with it." If the activity violates the condo bylaws, the landlord's permission does not solve the problem. That is exactly what happened in Wayne and Gabby's situation. The activity was prohibited under the condo bylaws, so it could not continue. Check Municipal Requirements If the property is not governed by restrictive condo bylaws, or if the bylaws permit the activity, the next question is whether the municipality allows it. Some businesses may require licensing, permits, specific zoning, parking requirements, occupancy restrictions or other approvals. However, municipal approval does not automatically mean the landlord or condo corporation must allow it. There can be multiple layers of requirements. Put It in the Lease Wayne recommends that landlords address home-based businesses directly in the lease. His preferred default is: No business activity without landlord approval. That does not mean the landlord can never approve one. It means the tenant must first ask. The landlord can then investigate: What exactly is the business? Will customers attend? Is it permitted by the municipality? Is it permitted by the condo corporation? Does it affect insurance? Is additional coverage required? Once those questions are answered, the landlord can make an informed decision. Leaving the lease silent creates unnecessary ambiguity. The Biggest Issue: Insurance This is where today's episode becomes especially important. A landlord insurance policy is written based on the expected use of the property. The insurer believes it is insuring a residential rental. If that rental begins functioning partly as a commercial operation, the risk may change. That could affect policy eligibility, liability coverage, premiums, deductibles, exclusions or required coverage. Wayne uses the example of someone operating a hair business. Imagine a customer gets injured. Or a hot styling tool causes a fire. The insurer investigates the loss and discovers that a commercial hair operation was being run from a property insured simply as a residential rental. That is not something Wayne wants to discover after the claim. Questions to Ask Your Insurance Broker If you are considering allowing a tenant to run a business from your rental, Wayne and Gabby recommend speaking directly with your insurance broker. Ask: Does my landlord policy permit this specific activity? Does customer traffic change my coverage? Does childcare change the coverage? Does business equipment or inventory change anything? Does the tenant require separate commercial liability insurance? Should the landlord be added as an additional insured? Are there new limits, exclusions or deductibles? Can the insurer confirm its approval in writing? That last question matters. A phone conversation with a broker is useful. Written confirmation is much better. Don't Accuse the Tenant Before Confirming the Facts Gabby emphasizes another important part of the process. Just because somebody tells you that your tenant is running a business does not automatically make it true. Verify first. Ask for evidence. Review the advertisement. Review the condo bylaws. Confirm what the tenant is actually doing. Check municipal requirements. Speak with your insurer. Then communicate with the tenant. In Wayne and Gabby's situation, they already had screenshots of the advertisement and the applicable condominium rule. That gave them enough information to address it properly. How Wayne and Gabby Addressed the Tenant Their assistant sent the tenant a professional written message. The tone was not aggressive. They acknowledged that the tenant may not have realized the activity would create an issue. They explained that the childcare services were contrary to the condominium bylaws and their lease agreement. They asked the tenant to discontinue providing the services from the property. And they invited the tenant to respond if there had been a misunderstanding. That is a much better approach than immediately sending an angry threat. Get the facts. Explain the issue. Put it in writing. Don't Stop at the Email Sending the email does not finish the process. The landlord still needs to verify compliance. That may mean a follow-up. It may mean an inspection with proper notice. It may mean monitoring whether the activity continues to be advertised. The important part is having a documented process rather than simply assuming: "I told them to stop, so I'm sure they stopped." Property Managers Don't Remove Your Responsibility Wayne finishes with an important warning for investors using property managers. Hiring a property manager does not mean you should completely stop paying attention. A tenant could pay rent on time, have excellent credit, never complain, remain in the property for five years and still be operating an activity that creates significant liability. If nobody ever checks the property, how would you know? Wayne is not criticizing property managers. His point is that the risk ultimately belongs to the property owner. If something goes wrong, ignorance does not automatically protect you. You need systems that ensure these issues are actually being checked. The Main Lesson Home-based businesses are not automatically bad. Some may create almost no meaningful additional risk. Others can fundamentally change how the property is being used. The landlord's job is not to make assumptions. The landlord's job is to investigate. Check the lease. Check the condo bylaws. Check municipal requirements. Check the insurance. Confirm the facts. Communicate in writing. Verify compliance. That may not be as exciting as predicting next month's interest-rate decision. But these are the systems that help you keep a rental property profitable and protected for 20 years. And that is where long-term real estate wealth is actually built. About Your Hosts Wayne and Gabby Hillier are Canadian real estate investors, entrepreneurs and founders of REI Masters. Through the Canadian Real Estate Investing Morning Show, they provide practical education, free coaching and lessons from operating their own Canadian rental-property portfolio. Resources & Contact Send Your Questions to the Show Have a question about tenants, insurance, property management, buying rental properties or building your portfolio? Wayne and Gabby answer investor questions on the Morning Show.

Mortgage rates jumped toward 7% this week while a weak jobs report just moved the bond market. I break down why oil prices, inflation, and today's Fed data are pushing your rate around, plus how much house you can actually afford right now.

Your Tenant Is Running a Business From Your Rental. Now What? Your tenant starts operating a business from your rental property. Do you care? Maybe not. But your condo corporation, municipality, lease agreement and insurance company might. In today's episode of the Canadian Real Estate Investing Morning Show, Wayne and Gabby break down a real situation happening inside their own rental portfolio after a condo corporation discovered that one of their tenants was advertising childcare services from the property. The tenant may simply have been trying to earn some additional income. From Wayne's perspective, that alone is not the problem. The problem is what that business could potentially do to the risk and liability attached to the property. Customers entering the rental. Children being cared for inside. Additional traffic and parking. Increased wear and tear. Business equipment or inventory. Potential injuries. And most importantly: What happens to your landlord insurance policy if the property is being used for something your insurer never agreed to cover? This is the kind of boring property-management system that becomes extremely important the day something goes wrong. What You'll Learn What happened when Wayne and Gabby discovered a tenant advertising childcare from their rental Why the condo corporation became involved Whether landlords should automatically prohibit every home-based business The difference between working from home and operating a customer-facing business Why customer traffic may dramatically change the risk How a business can create parking issues in a condominium Why certain businesses may increase wear and tear Why condo bylaws matter even if the landlord personally approves of the business Why municipal permission does not necessarily override condo bylaws Why Wayne recommends prohibiting businesses by default in the lease How landlords can later approve specific activities individually Why landlord insurance is based partly on the property's intended use How business activity could change coverage, exclusions, deductibles or premiums Why the tenant may need separate business liability insurance Whether the landlord may need to be added as an additional insured Why you should get insurance approval in writing Why landlords should confirm the facts before confronting a tenant How Wayne and Gabby communicated with their tenant Why simply sending an email is not the end of the process How landlords can verify compliance Why a property manager does not eliminate the owner's responsibility Why regular inspections and systems still matter even with professional management Why Wayne Doesn't Obsess Over Daily Real Estate News Wayne starts today's episode responding to a listener who complained that the Morning Show does not spend enough time discussing inflation, trade negotiations, interest-rate predictions and daily real estate-market news. His response is that most of that information has very little impact on how he operates a properly structured long-term rental portfolio. Wayne's strategy is not built around predicting what property values will do next month. It is built around buying properties capable of surviving 20 years or more. That means strong cash flow, strong returns without relying on appreciation, strong tenant demand, the right landlord environment, promising long-term market fundamentals and systems capable of protecting the investment when something inevitably goes wrong. Wayne does pay attention to market information when it could influence an actual decision. Should he buy? Sell? Refinance? Take equity out? Change financing strategy? Those forecasts matter because they affect the operation of the business. But endlessly predicting whether values will move slightly up or down is not the foundation of his investing strategy. Long-Term Investors Need Systems This leads directly into today's primary topic. If you are planning to own a property for 20 years, you need systems for situations that may only happen once or twice during that ownership period. A tenant operating a business from the property is one of those situations. The probability may be relatively low. The consequences could still be significant. And Wayne's philosophy is that the investor should have the system before the problem appears. The Real Situation: A Tenant Advertising Childcare Wayne and Gabby recently received an email from the manager of one of their condominium corporations. Someone had discovered a social-media advertisement from their tenant offering childcare or day-home services from the rental property. The condo corporation provided Wayne and Gabby with a screenshot of the advertisement, the applicable condominium bylaw and a request that the activity stop. The condo bylaws prohibited this type of commercial activity from the townhouse. Wayne's personal reaction was not: "How dare our tenant make money?" Quite the opposite. If the tenant can earn additional income, that may improve their financial situation and ability to pay rent. The problem is that Wayne's personal opinion does not override the condo bylaws. And even without the condo restriction, there would still be several other issues to investigate. Working From Home Is Not Necessarily the Same Thing A home-based business can mean many different things. Someone working remotely on a laptop is obviously different from operating a daycare. Someone selling T-shirts online and shipping them through the mail is different from running a salon with customers coming through the door every hour. Gabby says one of the most important dividing lines is often: Are customers attending the property? Once customers begin arriving, the potential liability changes. That can also affect parking, neighbours and common-property usage in a condominium. A childcare business creates another level of concern because multiple children may be on the property for extended periods. Increased Wear and Tear Insurance is not the only concern. Different businesses can also affect the physical property. Consider customer traffic, equipment, furniture, inventory, frequent use of entrances, additional plumbing or electrical usage and changes made to rooms to accommodate the business. The question becomes: How is this business changing the way my rental property is being used? That matters to both the landlord and insurer. Check the Condo Bylaws For condominium properties, this is one of the first checks. A tenant must comply with the condominium corporation's bylaws. A landlord cannot simply tell the tenant: "I'm okay with it." If the activity violates the condo bylaws, the landlord's permission does not solve the problem. That is exactly what happened in Wayne and Gabby's situation. The activity was prohibited under the condo bylaws, so it could not continue. Check Municipal Requirements If the property is not governed by restrictive condo bylaws, or if the bylaws permit the activity, the next question is whether the municipality allows it. Some businesses may require licensing, permits, specific zoning, parking requirements, occupancy restrictions or other approvals. However, municipal approval does not automatically mean the landlord or condo corporation must allow it. There can be multiple layers of requirements. Put It in the Lease Wayne recommends that landlords address home-based businesses directly in the lease. His preferred default is: No business activity without landlord approval. That does not mean the landlord can never approve one. It means the tenant must first ask. The landlord can then investigate: What exactly is the business? Will customers attend? Is it permitted by the municipality? Is it permitted by the condo corporation? Does it affect insurance? Is additional coverage required? Once those questions are answered, the landlord can make an informed decision. Leaving the lease silent creates unnecessary ambiguity. The Biggest Issue: Insurance This is where today's episode becomes especially important. A landlord insurance policy is written based on the expected use of the property. The insurer believes it is insuring a residential rental. If that rental begins functioning partly as a commercial operation, the risk may change. That could affect policy eligibility, liability coverage, premiums, deductibles, exclusions or required coverage. Wayne uses the example of someone operating a hair business. Imagine a customer gets injured. Or a hot styling tool causes a fire. The insurer investigates the loss and discovers that a commercial hair operation was being run from a property insured simply as a residential rental. That is not something Wayne wants to discover after the claim. Questions to Ask Your Insurance Broker If you are considering allowing a tenant to run a business from your rental, Wayne and Gabby recommend speaking directly with your insurance broker. Ask: Does my landlord policy permit this specific activity? Does customer traffic change my coverage? Does childcare change the coverage? Does business equipment or inventory change anything? Does the tenant require separate commercial liability insurance? Should the landlord be added as an additional insured? Are there new limits, exclusions or deductibles? Can the insurer confirm its approval in writing? That last question matters. A phone conversation with a broker is useful. Written confirmation is much better. Don't Accuse the Tenant Before Confirming the Facts Gabby emphasizes another important part of the process. Just because somebody tells you that your tenant is running a business does not automatically make it true. Verify first. Ask for evidence. Review the advertisement. Review the condo bylaws. Confirm what the tenant is actually doing. Check municipal requirements. Speak with your insurer. Then communicate with the tenant. In Wayne and Gabby's situation, they already had screenshots of the advertisement and the applicable condominium rule. That gave them enough information to address it properly. How Wayne and Gabby Addressed the Tenant Their assistant sent the tenant a professional written message. The tone was not aggressive. They acknowledged that the tenant may not have realized the activity would create an issue. They explained that the childcare services were contrary to the condominium bylaws and their lease agreement. They asked the tenant to discontinue providing the services from the property. And they invited the tenant to respond if there had been a misunderstanding. That is a much better approach than immediately sending an angry threat. Get the facts. Explain the issue. Put it in writing. Don't Stop at the Email Sending the email does not finish the process. The landlord still needs to verify compliance. That may mean a follow-up. It may mean an inspection with proper notice. It may mean monitoring whether the activity continues to be advertised. The important part is having a documented process rather than simply assuming: "I told them to stop, so I'm sure they stopped." Property Managers Don't Remove Your Responsibility Wayne finishes with an important warning for investors using property managers. Hiring a property manager does not mean you should completely stop paying attention. A tenant could pay rent on time, have excellent credit, never complain, remain in the property for five years and still be operating an activity that creates significant liability. If nobody ever checks the property, how would you know? Wayne is not criticizing property managers. His point is that the risk ultimately belongs to the property owner. If something goes wrong, ignorance does not automatically protect you. You need systems that ensure these issues are actually being checked. The Main Lesson Home-based businesses are not automatically bad. Some may create almost no meaningful additional risk. Others can fundamentally change how the property is being used. The landlord's job is not to make assumptions. The landlord's job is to investigate. Check the lease. Check the condo bylaws. Check municipal requirements. Check the insurance. Confirm the facts. Communicate in writing. Verify compliance. That may not be as exciting as predicting next month's interest-rate decision. But these are the systems that help you keep a rental property profitable and protected for 20 years. And that is where long-term real estate wealth is actually built. About Your Hosts Wayne and Gabby Hillier are Canadian real estate investors, entrepreneurs and founders of REI Masters. Through the Canadian Real Estate Investing Morning Show, they provide practical education, free coaching and lessons from operating their own Canadian rental-property portfolio. Resources & Contact Send Your Questions to the Show Have a question about tenants, insurance, property management, buying rental properties or building your portfolio? Wayne and Gabby answer investor questions on the Morning Show.

Most people hear hotel conversion and picture a novelty deal. Dr. Alex Cartwright built a company around it, and the reason is arbitrage that is not subtle. His firm buys hotels that have no future as hotels. Sometimes they are old and not worth remodeling. Sometimes they are newer but stuck in a crowded market as the least desirable option. Sometimes they just carry too much debt. Whatever the story, the test is the same: is the highest and best use of this building multifamily? When the answer is yes, the multifamily price is dramatically higher than the hotel price, and the conversion unlocks the difference. The Denver project makes it concrete. A 310-room Holiday Inn sat next to Stapleton Airport until Denver built a new airport further out and the demand driver moved. Eleven stories, an atrium lobby, a balcony on every room, three underground racquetball courts. Nobody is building that again in a neighborhood of three and four story garden style apartments. Alex bought it a little under $30,000 a door and is spending $40,000 to $45,000 a unit to convert it, against comparable apartments in the mid to upper $200s. In this episode: What an end-of-life hotel is, and the three things that decide whether he enters a market at all Why a hotel is already most of an apartment building: individual bathrooms, HVAC, front doors, parking, soundproofing Which rooms get combined, and why going all studios pencils best but still is not the answer Why the due diligence period runs several months instead of weeks, and why sellers grant it The Denver numbers: under $30,000 a door in, $40,000 to $45,000 a unit of renovation, roughly $90 a door all in Why an extended stay hotel converts for $10,000 to $15,000 a room instead How lenders underwrite the deal off stabilized value, the same way they underwrite a flip off ARV What cities are actually afraid of when you ask for the rezone, and the conversation that gets them to yes The rent-burden math: more than half of rent-burdened Americans earn $45,000 to $75,000 a year Cutting a resident's housing cost by 35 to 40% without a dollar of taxpayer money Plus the Final Five, a poem called The Man in the Glass, and why you should always be looking for your next mentor. About Dr. Alex Cartwright Dr. Alex Cartwright is the founder of HotelSHIFT Capital, based in Providence, Rhode Island, which acquires end-of-life hotels and converts them to multifamily housing. He spent ten years as an economics professor before moving to the operating side. Connect with Alex: hotelshift.capital. He writes the mailing list himself. This week's book: How Elon Musk Thinks. He also recommended the economics blog Marginal Revolution and the All-In podcast. Chapters 00:00 The rent-burdened middle: $45k to $75k a year 00:35 Welcome to Real Estate Underground 01:21 On location in Rhode Island 01:37 Meet Dr. Alex Cartwright of HotelSHIFT Capital 02:02 We are not in the hotel business 02:23 What an end-of-life hotel is 02:46 The arbitrage: hotel price versus multifamily price 03:04 Fundamentally we're in the apartment business 03:20 The buy box, part one: rent level 04:20 Part two: density and smaller units people accept 04:55 Part three: the regulatory environment 05:15 Why a hotel is already most of an apartment building 06:01 Floor plans: what gets combined and what does not 06:56 Why all studios pencils best and still isn't the answer 08:02 Ed on churn and sticky tenants at the best price in the market 09:05 Sponsor break 10:01 Vertical management or third party 10:41 Hold period, and where Opportunity Zones fit 11:08 The 24 to 36 month renovate-and-lease-up plan 11:18 Refinance and return roughly 100% of capital 12:00 Why due diligence runs months instead of weeks 12:43 The Denver deal: a 310-room Holiday Inn 13:27 Why hotels break down above 200 rooms 13:38 The airport that closed and took the demand with it 14:13 Bought a little under $30,000 a door 14:29 Six months of due diligence and Denver's energy codes 14:48 Adaptive reuse and why the architect comes in early 15:24 Construction cost: the more vertical, the more expensive 15:52 Eleven stories, an atrium, a balcony on every room 16:25 $40,000 to $45,000 a unit, and what that buys 16:44 Putting a kitchen in every room 17:08 An 18-month budget they expect to beat 17:27 Extended stay hotels convert for $10,000 to $15,000 a room 18:39 About $90 a door all in against low $200s 19:37 A-class amenities at a B-plus rent 20:16 How he finds these projects, and why there are more than he can buy 20:39 Why multifamily always deserves a remodel and hotels do not 21:21 The flag treadmill: a new brand every few years 22:24 Fewer hotel buyers, fewer hotel lenders, better deals 23:00 What changed after COVID 23:39 How lenders underwrite it, the same way they underwrite ARV 24:13 Rezoned before closing, so it's multifamily that needs work 24:35 What cities are actually afraid of 25:07 Not capital-A affordable housing 25:44 Who really lives in a $50 a night hotel 26:30 The conversation that gets a city to yes 27:34 The Final Five 27:46 Purpose: ten years teaching economics, and what changed 29:27 What rent burdened means 30:07 More than half earn $45,000 to $75,000 31:32 Cutting a resident's rent by 35 to 40% with no taxpayer money 32:32 Best advice: always be looking for your next mentor 33:57 Ed on Mike Godman and the 19 ways he was screwing up 36:24 The decision he wants back: firing too slowly 37:53 Why the person you fire is often relieved 38:47 The bookshelf, and what he's reading now 39:21 How Elon Musk Thinks 40:38 Marginal Revolution and the All-In podcast 41:01 How he defines success 41:55 The Man in the Glass 42:28 Cars, and the Harvard Classics 44:42 Where to find Alex 45:32 Outro Real Estate Underground Hosted by Ed Mathews of Clark St Capital. New episodes every Tuesday. clarkst.com/podcast Elevista - Speed as a Service™Elevista Connect is the first AI-powered lead conversion system built for real estate investors.

Max Scott Returns: The €1.83m Dublin Deal – All Money Out & €3,486 Monthly Cash Flow Max Scott is back on Deals Deals Deals for the third time, having previously joined us on Episodes 64 and 103 back in 2022. A lot has happened since then. In this episode, we catch up with Max on how his property journey and business have developed over the last four years - including the publication of his book, Why Property, now available on Amazon - before getting into the numbers behind one of his latest Dublin deals. The focus is, 111 Seville Place, Dublin 1, an eight-studio residential block plus garage, purchased for €1,075,000 with approximately €75,000 spent on refurbishment.  Rather than carrying out a major refurbishment all at once, the work was completed on a phased, unit-by-unit basis. This meant rental income could continue while the studios were improved and rents increased towards full market levels.  Just six months after purchase, the property was refinanced at a valuation of €1,830,275, returning the investor funds in full and creating €564,053 of equity.  And the result isn't just equity on paper. The deal now produces €3,486 per month in cash flow - with no money left in the deal. The Deal at a Glance Purchase price: €1,075,000 Refurbishment: €75,000 Project turnaround: 6 months Refinance valuation: €1,830,275 Investor funds: Returned in full Money left in: €0 Equity created: €564,053 Annual rent roll: €159,600 Monthly cash flow: €3,486 Valuation yield: 8.72% Net yield on cost: 10.3%  We also talk about Max's wider journey, what's changed since his previous appearances on the podcast and why he decided to put his experience and thoughts on property into his book, Why Property. This is a great example of what effective capital recycling can look like: buy, improve, refinance, return all the money invested and retain a cash-flowing asset with substantial equity. Work With Mark Barrett & The HMO Agent Whether you're a landlord, investor, developer or business owner with capital, we'd love to hear from you. We specialise in: HMO Sales and Portfolio Disposals Long-Term Lease & Supported Living Partnerships Off-Market HMO & Investment Opportunities Joint Venture Partnerships Private Capital Investment Opportunities HMO & Block Consultancy Whether you're looking to sell, invest, lease your property, partner on a project or put your capital to work for potentially higher returns through secured property investments, get in touch for a confidential conversation. Website:https://www.thehmoagent.com Email: hello@theHMOAgent.com   Connect With Max Scott Email: enquiries@maxscottproperty.com Why Property – Max Scott Available now on Amazon:https://www.amazon.co.uk/dp/1066675805](https://www.amazon.co.uk/dp/1066675805   Want to learn more?

Mortgage rates are reacting this week to a surprising jobs report, sticky inflation data, and the Federal Reserve's Jackson Hole meeting. In this video I break down what jobless claims, PCE inflation, and rising oil prices mean for mortgage rates, home affordability, and what the Fed does next. Homebuyers, homeowners, and Realtors, this is the week's mortgage rate update. Here's what I cover: • Why a stronger than expected jobs report is actually bad news for mortgage rates • How bond prices and yields actually work, explained simply • The Fed's two big concerns right now: inflation still at 3.7% and unemployment near full employment • Jobless claims and continued claims data, and what it tells us about the labor market • Why oil sitting in the 80s is keeping inflation elevated, and what has to happen for rates to drop • How Fed rate cut expectations have completely flipped ahead of Jackson Hole • What I'm telling my own clients right now about locking in Read more mortgage rate breakdowns on my blog: https://therateupdate.com/blog CHAPTERS 0:00 Jobs Report Shakes Up Mortgage Rate Expectations 1:20 How Bond Prices and Yields Actually Work 3:45 The Fed's Two Mandates: Inflation and Jobs 6:10 Jackson Hole and This Week's Jobless Claims 8:40 Oil Prices, Earnings, and What the Fed Does Next 

Mortgage rates today are being shaped by the Fed's PCE inflation report, the bond market, and a major shift in how the government is handling $40 trillion in national debt. Homebuyers and realtors, here's what it means for rates this week.In this video I break down: Today's PCE inflation report, which came in at 3.3% year over year, still double the Fed's 2% target How to read the daily bond market chart that actually moves mortgage rates Durable goods orders, GDP, personal income and spending, jobs data, and home price appreciation numbers What the Fed is expected to do at its meeting in 21 days The Treasury's plan to swap long term debt for short term debt, and how it could affect future rates Why oil prices are still the biggest wildcard for where rates go from here Read more on the blog: https://therateupdate.com/blog0:00 Today's PCE Inflation Report and What It Means for Rates 2:10 Reading the Daily Bond Market Chart 4:20 PCE, GDP, Jobs, and Home Price Data Breakdown 6:45 Fed Meeting Odds and the Government's Debt Plan 9:00 What to Watch Next: Oil Prices and Your Next Move

Mortgage rates moved today on new jobs data, inflation numbers, and home price reports. In this episode I break down today's ADP jobs report, the latest PCE inflation reading, S&P Case Shiller home price data, and what the Federal Reserve is likely to do at its meeting in 22 days. I also explain the Treasury's plan to refinance long term debt into short term bills and what oil falling 3% today means for mortgage rates and the bond market.WHAT'S IN TODAY'S SHOW

Mortgage rates are in play this week as the Federal Reserve and the U.S. Treasury both step in to try to bring rates down, and I'm breaking down exactly what that means for you. If you're a homebuyer, homeowner, or realtor trying to figure out where mortgage rates are headed, this is the episode to watch before the week's economic data starts rolling in.In today's show, I cover:• The Treasury's new bond buying plan (what some are calling "QE light") and how it's designed to push mortgage rates lower • The difference between the federal funds rate and the 10 year Treasury, and why only one of them actually controls your mortgage rate • This week's full economic calendar, including ADP jobs, Case Shiller home prices, PCE inflation, jobless claims, and the Jackson Hole symposium • Why oil prices are the number one thing to watch right now, and what happens to rates if the Iran conflict drags on or resolves • How to track your own rate and payment automatically with our free RateWatch toolRead the full breakdown on the blog: https://therateupdate.com/blogCHAPTERS 0:00 The Treasury Is Buying Its Own Debt 1:47 What Actually Controls Your Mortgage Rate 3:35 This Week's Economic Calendar 6:10 Why Oil Is the Number to Watch 8:05 RateWatch and What to Do Next

Mortgage rates are about to move — and today I break down exactly what the Federal Reserve is watching before they do. The August 21, 2026 Rate Update for homebuyers and Realtors: PCE vs CPI, jobs and claims, where mortgage rates sit now, and the $100 billion in tariff refunds that went to corporations instead of consumers.CHAPTERS0:00 What This Week's Data Told the Fed1:15 PCE vs CPI — The Inflation Number That Sets Mortgage Rates2:40 Jobs and Jobless Claims: The Fed's Dual Mandate4:10 The Reports That Can Move Mortgage Rates From Here5:45 Where Mortgage Rates Sit Right Now7:00 $100 Billion in Tariff Refunds: Who Actually Got Paid8:30 Target, Amazon, Ford — Refunds Booked Into Earnings9:50 Why Consumers Aren't Getting a Tariff Refund Check10:50 What Homebuyers and Realtors Should Do NowMORTGAGE RATE UPDATE — FRIDAY, AUGUST 21, 2026This week's economic data gave the Federal Reserve exactly what it watches most, and I walk through it the way the Fed actually reads it: PCE inflation over headline CPI, the jobs and jobless claims trend over any single monthly print, and the drivers underneath both — oil, shelter, and services. Then we look at what's ahead on the economic calendar and what could realistically push mortgage rates higher or lower.If you're buying a home, refinancing, or advising clients as a real estate agent, this hits your monthly payment directly. Mortgage rates follow the bond market and the 10-Year Treasury, not the Fed funds headlines — and understanding that difference is the biggest edge a homebuyer has right now.In the second half: roughly $100 billion of the $166 billion in struck-down IEEPA tariffs has been certified and sent out — to importers and corporations, not the consumers who paid it at the register. Target booked $994 million in tariff refunds and $1.65 in earnings per share while confirming it won't issue customer refunds. Amazon collected about $640 million. Ford recorded a $1.3 billion one-time tariff benefit. FedEx and UPS are among the few passing money back.Both halves land on the same place: your buying power.NEXT STEPS

Vice President of Lending for Team Hochberg at Atlantic Coast Mortgage and host of WGN's “Home Sweet Home Chicago” David Hochberg joins Bob Sirott to talk about what happened in the bond market yesterday and a way for veterans to refinance out of a Chapter 13 bankruptcy. He hosts “Home Sweet Home Chicago” on Saturdays from […]

Vice President of Lending for Team Hochberg at Atlantic Coast Mortgage and host of WGN's “Home Sweet Home Chicago” David Hochberg joins Bob Sirott to talk about what happened in the bond market yesterday and a way for veterans to refinance out of a Chapter 13 bankruptcy. He hosts “Home Sweet Home Chicago” on Saturdays from […]

Mortgage rates and inflation data are both in play today as the Treasury steps into the bond market to prop up prices. Dan Frio breaks down why bond buybacks matter for mortgage rates, what today's jobs report means, and what the Federal Reserve is likely to do next in 27 days.In this episode:• Why the Treasury stepped in yesterday to buy back bonds and prop up prices • What happens to mortgage rates when bond supply floods the market (the 2008 comparison) • $5.2 trillion in Treasury debt issued this year, and why that matters for your rate • Today's jobs report and Philly Fed manufacturing numbers, explained • The odds the Federal Reserve holds rates steady at the next meeting • What homebuyers, homeowners, and realtors should watch nextRead the full breakdown on the blog: https://therateupdate.com/blogCHAPTERS 0:00 Treasury Steps Into the Bond Market 2:00 Why Too Many Bonds Push Mortgage Rates Up 4:00 Jobs Report and Manufacturing Numbers 6:00 Federal Reserve Rate Odds for the Next Meeting 8:00 What to Watch Next for Your Mortgage Rate

Pending home sales fell 2.3% in July with declines in every region, the lowest level since January. I break down what that means for mortgage rates, oil prices, and the Fed heading into today's FOMC minutes.In today's episode I cover:

In this episode, Andrew Kunisawa shares insights on fast loan processes, building relationships in real estate, and strategies for market success. Discover how he navigates challenges and seizes opportunities in the mortgage and investment space.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Mortgage rates are moving today as the 30 year Treasury hits a 19 year high, oil prices climb, and new jobs and housing data shift the Federal Reserve's next move on interest rates.In this episode of The Rate Update, Dan Frio breaks down:Why the 30 year Treasury yield just hit a 19 year high and why that number is not your mortgage rateThe real bond that drives mortgage pricing and how to read itWhy oil prices are the single biggest driver of inflation and mortgage rates right nowHow tariffs, government spending, and a Supreme Court ruling are adding pressure to ratesToday's jobs report, building permits, housing starts, and import and export pricesWhat the Federal Reserve is watching ahead of its next meetingWhat Dan is telling his own clients to do right now if they are buying, building, or already own a homeReady to Buy or Refinance? Get Pre-Approvedhttps://257781.my1003app.com/246527/registerWant to Talk Through Your Options? Schedule a Consultationhttps://calendly.com/d/cq29-7xd-x3v/the-frio-team?month=2025-05Have Questions? Contact / Ask Danhttps://www.therateupdate.com/contactRead the full breakdown on the blog: https://therateupdate.com/blogCHAPTERS0:00 30 Year Treasury Hits a 19 Year High1:35 Why Rates Are High: Oil, Tariffs & Government Spending3:20 How Oil Drives Inflation & the Fed's Next Move5:10 Today's Data: Jobs, Housing Starts & Import Prices7:20 What Buyers, Builders & Homeowners Should Do NowTOP RESOURCESTrack Mortgage Rates Automaticallyhttps://rw2.therateupdate.com/TRU Mortgage Command Centerhttps://command.therateupdate.com/TRU Debt Optimizerhttps://debtrelief.therateupdate.com/Mortgage Calculators & Toolshttps://stan.store/TRU-FoundationsFOLLOW THE RATE UPDATEYouTube: https://www.youtube.com/@TheRateUpdatewithDanFrioInstagram: https://instagram.com/therateupdateTikTok: https://tiktok.com/@therateupdateDISCLAIMERDan Frio is a licensed mortgage loan officer in all 50 states and Puerto Rico. NMLS #246527 | TRU Mortgage Team / PBT Bancorp NMLS #257781 | Equal Housing Lender.This channel is for education and commentary only. Topics may include mortgage rates, real estate, housing, stocks, bonds, cryptocurrency, inflation, the Federal Reserve, and financial markets.All opinions are my own and do not represent PBT Bancorp, TRU Mortgage Team, or any financial institution I may be employed by or affiliated with.Nothing on this channel is an offer to lend, a commitment to lend, financial, legal, tax, or investment advice. Mortgage rates, terms, approvals, and programs are subject to borrower qualifications, market conditions, underwriting approval, and change without notice. Not all borrowers will qualify.#MortgageRates #HousingMarket #FederalReserve #Homebuyers #Refinance

Is the housing market crashing? Mortgage rates, home prices in Austin, Memphis, Tampa, San Francisco, and San Antonio, plus this week's CPI, jobs report, and Federal Reserve outlook, all explained.The headlines say the housing market is crashing. So today I'm putting that to the test with the real numbers. Nationally, home listing prices are down 2.4%, but median home prices are actually up 3.2%. I break down which markets are falling the hardest (Austin, Memphis, Tampa, San Francisco, San Antonio) and which ones are still climbing (Providence, Indianapolis, Hartford, Virginia Beach, Chicago), then explain how the mortgage bond market, this week's CPI report, and the jobs numbers are shaping where mortgage rates go next.If you're sitting on the sidelines waiting for the crash, this is the video where I tell you exactly what to check before you make that call: your credit score, your down payment options, and what mortgage payment you actually qualify for.For more market breakdowns and data, check out the blog: https://www.therateupdate.com/blog

What happens when you buy a seriously run-down property in Birmingham for £126,000 and believe you can turn it into a profitable property flip?In this episode, Rahim Bah takes you inside a real UK property investment and house-flipping project, showing the property, discussing the renovation plans and breaking down the numbers behind the deal.The property is in a poor state of repair, but the vision is to transform it into a modern three-bedroom home, add value through refurbishment and eventually sell it on the open market. But the big question is:Can this £126K property really generate around £45K profit?Rahim and his investor walk through the property and discuss everything from the kitchen and dining layout to bedrooms, storage, windows, plumbing, electrics, heating, landscaping, the roof and potential en-suite improvements.The discussion then moves into the actual property deal numbers, including the approximately £126,000 purchase price, estimated renovation costs of £35,000–£45,000 and a potential end value of around £230,000–£250,000. The episode also explores how the potential profit changes once renovation, finance, selling and other costs are taken into consideration.In this episode, you'll learn:How property flipping works in the UKHow investors assess a dilapidated propertyHow to identify opportunities to add valueHow to approach a Birmingham property investmentHow to plan a property refurbishmentHow to estimate renovation costsHow bridging finance fits into the dealHow to calculate potential end valueHow to calculate potential property flip profitWhy renovation budgets matterWhy speed and timing matter when flippingHow investors think about the property's eventual buyerWhat to look for before taking on a renovation projectThe team estimates that the refurbishment could potentially be completed within roughly two to three months, depending on how quickly the builders work. Purchase Price: Approximately £126,000Estimated Renovation: £35,000–£45,000Potential End Value: £230,000–£250,000Potential Profit Scenario: Approximately £45,000These figures are estimates discussed during the property project, not guaranteed returns. Actual investment results can vary depending on renovation costs, financing, market conditions, selling price, taxes, fees and other expenses. Want to learn more about starting or scaling your UK property investment journey?Get your FREE Property Investment Guide here:

David Richter of Simple CFO opens this solo episode with a hard truth: downturns don't kill businesses, unprepared owners do. Drawing on the memory of the 2008 real estate collapse, he lays out how to build a business that survives whatever comes, whether it's a market crash or a personal emergency.This episode is a practical playbook for lean times, covering the cash system that names every dollar, the quarterly expense analysis that trims fat before you're forced to, and how to manage debt and vendor rates before they choke your cash flow. If you want to prepare proactively instead of scrambling reactively, this one gives you the moves.Timeline Summary[0:25] – The opening premise: downturns don't kill businesses, unprepared owners do[0:58] – Why businesses that only work when the sun is shining get stress tested and break[1:25] – It's not just market crashes: a personal downturn like a hospital stay can end a business too[1:44] – Preparation as part of your operating system, not your only focus[2:07] – Move one: have a Profit First system that gives every dollar a name[2:38] – Move two: manage expenses and know every dollar going out the door[3:02] – The quarterly expense analysis and how to run it[3:18] – The PRU framework: mark each expense profitable, replaceable, or unnecessary[4:05] – Why you should trim the fat when times are good, not when you're forced to[4:39] – Being proactive versus reactive with cutting costs[5:00] – Managing debt, including converting short-term loans to long-term when a flip becomes a rental[5:25] – Reaching out to creditors and vendors to negotiate rates down[5:42] – Leaning into what actually makes the real money, not what you think makes it[6:04] – The fix-and-flip trap of squeezing a deal that would've been better wholesaled[6:42] – The goal in a downturn is to survive, and preparation is what lets you thrive5 Key TakeawaysPreparation Is The Real Protection — Downturns don't sink businesses on their own; unprepared owners do. Build survival into your system before you need it, not after.Give Every Dollar A Name — A Profit First cash system tells you what you make, spend, and keep. When you know where every dollar goes, you can weather a lean stretch far better.Run A Quarterly Expense Analysis — Print your expenses every quarter and mark each one profitable, replaceable, or unnecessary. Cutting the unnecessary before a crisis is discipline, not desperation.Trim The Fat When Times Are Good — Anyone can cut costs in a downturn out of necessity. The disciplined owner leans out the business proactively while the going is still good.Manage Debt Before It Chokes You — Debt quietly drains cash, especially short-term loans on properties that became rentals. Refinance to long-term money and negotiate rates with creditors and vendors.Links & ResourcesSimple CFO — https://simplecfo.comProfit First for Real Estate Investing by David Richter — https://profitfirstrei.comGet your FREE Profit First for REI Workbook: https://pfreiworkbook.com/Enjoyed This Episode?If David's line about trimming the fat when times are good made you want to pull your expense report right now, that's the proactive move that separates survivors from scramblers. Share this episode with an investor who only prepares once trouble hits, and follow the show and leave a rating and review so more real estate investors can build businesses that last through any cycle.

Mortgage rates are moving after a big week of data. In this video I break down the new PPI inflation report, CPI, jobless claims, oil prices, and what it all means for your mortgage rate, plus what the Federal Reserve is likely to do at its next meeting.If you're a homebuyer, homeowner, or realtor trying to figure out where mortgage rates go from here, this is exactly what I do every day for my own clients.

CPI came in right on point today, cooling core inflation to 2.5% year over year. Here's what today's inflation report means for mortgage rates, homebuyers, refinance timing, and where rates could head by the end of the day.

Mortgage rates are reacting to a soft jobs report, oil prices holding under $80, and a Federal Reserve meeting just 37 days away. I break down CPI, PPI, unemployment at 4.2%, and what all of it means for your rate this week.Here's what's driving the mortgage rate market today:The June jobs report just showed 20,000 jobs lost while unemployment somehow held at 4.2%, and I explain why the market is reading that as a crack in the labor market. This week we get two inflation reports that matter a lot more than usual. Wednesday brings CPI, both core and headline, with core inflation expected to tick up to 0.2% after coming in flat last month. Thursday brings PPI, the producer side, expected to rise to 0.2% after a negative 0.3% reading last time. I also walk through why oil is the number to watch right now. As long as oil stays under $80 a barrel we're in a manageable range, but if it pushes toward $90 to $100 a barrel that is when inflation spikes and mortgage rates jump with it. On top of all of that, I cover the Iran conflict overhang, the Dow Jones move from 50,000 to 54,000 since the war started, and why the Fed is now sitting at a 54% chance of holding the federal funds rate steady at 3.5% to 3.75% at their next meeting in 37 days instead of cutting or hiking.Get the full breakdown and more market analysis on the blog: https://www.therateupdate.com/blogCHAPTERS (estimated, please verify against final edit) 0:00 Jobs report reaction and today's rate chart 1:35 What the Fed is watching: unemployment at 4.2% and GDP 2:35 This week's CPI and PPI reports explained 4:20 Why oil under $80 is the number that matters 5:35 Fed meeting in 37 days and today's rate forecast

Mortgage rates are in play today after a fresh jobless claims report moved the bond market. I break down what the Federal Reserve is watching, why continuing claims climbing back to 1.8 million matters for your rate, and what oil prices and the Iran ceasefire could mean if it breaks. If you are a homeowner or buyer trying to figure out where rates go next, this is the video for you.CHAPTERS 0:00 Breaking Jobs Report and What It Means for Mortgage Rates 1:45 The Federal Reserve and the Bond Market Explained 3:15 Jobless Claims Hit 1.8 Million 5:00 Oil Prices, the Iran Ceasefire, and Rate Risk 7:00 Fed Meeting Odds and My Mortgage Rate ForecastRead the full breakdown on today's numbers: https://therateupdate.com/blog

Is It Time to Refinance Your Mortgage? Not Yet, But Get Ready!The financial landscape can often feel like a turbulent sea, with waves of economic news crashing down on us daily. Right now, many homeowners are watching mortgage rates with a mix of anticipation and apprehension. You might be wondering if the time is right to refinance your mortgage, or perhaps even consolidate some high-interest debt. While the moment for action might not be here just yet for everyone, the economic signals are pointing towards a future where lower rates become a reality. With the government paying a staggering 1.2 trillion dollars in interest every single year - a figure that continues to climb - and credit card debt reaching an all-time high for many households, the stage is being set. The time will inevitably come when the 10-year Treasury yield, a key indicator for mortgage rates, will come crashing down. When that happens, you will find yourself in a prime position to refinance your mortgage, and for many others, it will be an opportune moment to consolidate existing debt, offering a much-needed breath of fresh air for your monthly budget.Mortgage Rates Are Coming Down: Why Economic Problems Pave the WayIt's natural to feel a bit overwhelmed by the constant stream of economic headlines. From inflation concerns to geopolitical tensions, the global economy is in a state of flux. But amidst this uncertainty, there's a silver lining for homeowners and those carrying debt: the very problems that seem so daunting are often the catalysts for lower interest rates. The key is to be prepared, because when those rates start their descent, you'll want to be ready to act.Let's talk about the elephant in the room: government spending and national debt. The United States government is currently spending approximately 2 trillion dollars more than it brings in each year. To finance this deficit, the government issues bonds, and the interest paid on these bonds is substantial. As mentioned, the government is paying an eye-watering 1.2 trillion dollars in interest annually, and this number is growing. This level of debt and the cost of servicing it puts immense pressure on the economy. When the government needs to borrow more, or when the economy shows signs of slowing, investors often flock to safer assets like U.S. Treasury bonds, driving down their yields. Since mortgage rates are closely tied to the 10-year Treasury yield, a drop in yields typically translates to lower mortgage rates.It's not just domestic issues at play. The global economic landscape is equally complex, and problems abroad can have significant ripple effects here at home. Take Japan, for example, a major global economy facing its own unique set of financial challenges, including an aging population and substantial national debt. Economic slowdowns or crises in major global players can trigger a flight to safety among international investors, further increasing demand for U.S. Treasury bonds and pushing yields lower. We've seen this pattern before: when global economic uncertainty rises, U.S. interest rates often fall as investors seek the perceived stability of U.S. government debt.These aren't isolated incidents; they are interconnected pieces of a larger economic puzzle that point towards a future where borrowing costs, including mortgage rates, will likely become more favorable. The current environment, characterized by high government debt, persistent deficits, and global economic fragility, is setting the stage for a period where central banks may need to ease monetary policy to stimulate growth or prevent deeper downturns. This easing typically involves lowering interest rates.Therefore, while it might not be time to rush into a refinance today, understanding these underlying economic currents is crucial. It's not a matter of if, but when, these pressures will culminate in a significant shift in interest rates. Being aware of these factors allows you to anticipate the change and position yourself to take advantage of it. Think of it as preparing your financial toolkit for when the opportunity knocks. Staying informed and proactive is your best strategy. You can always check in with experts at www.ddamortgage.com to get a pulse on the market and understand how these broader trends might impact your personal situation.tune in and learn https://www.ddamortgage.com/blogDidier Malagies NMLS #212566dda mortgage nmls#324329 Support the show

Mortgage rates are holding steady today even after a rough ADP jobs report showed only 44,000 private payroll jobs created, well below the 100,000 needed to keep the labor market on track. At the same time, stocks are soaring toward record highs, oil markets are reacting to another tanker strike tied to the Iran conflict, and the bond market is absorbing a massive wave of Treasury, corporate, and mortgage debt. In today's episode I break down why mortgage rates aren't moving despite all this noise, what the MBS (mortgage bond) market is telling us, and what the Federal Reserve is watching heading into their next meeting.CHAPTERS 0:00 Breaking News: Jobs Report Miss and Oil Tanker Strike 1:40 Only 44,000 Jobs Created, What It Means For Your Rate 3:20 Bond Market Explained: Treasuries, Corporate Debt and MBS 6:00 Stocks Soar, Oil Tanker Struck, Why Rates Aren't Moving 8:45 Fed Rate Cut Odds, Iran War Impact and What To Watch NextRead the full breakdown on the blog: https://www.therateupdate.com/blog/the-daily-rate-update-august-5-2026-stocks-soar-but-rates-get-better

Mortgage rates are getting better today as oil drops to $77 a barrel and mortgage bonds trade up 17 ticks. In this video I break down why the Federal Reserve's 58% odds of a rate hike next meeting might not hold, how the Iran conflict is driving oil and inflation, and what this week's jobs data means for your mortgage rate.Read the full breakdown on the blog: https://www.therateupdate.com/blog/stocks-are-soaring-today-so-why-arent-mortgage-rates-going-up

Mortgage rates, oil prices, and inflation just collided again. In this video I break down today's mortgage rate forecast, why oil crashing is moving inflation and interest rates, and what the Federal Reserve's next meeting could mean for your rate.If you're a homebuyer, homeowner, or realtor trying to figure out why rates move the way they do, this is the video that connects the dots. I walk through today's mortgage bond market chart, explain exactly how oil prices drive inflation and mortgage rates, and preview the economic data coming out this week that could push rates higher or lower.In this episode I cover: Why oil crashing is good news for mortgage rates and what could reverse it How oil prices, inflation, and interest rates are all connected This week's key economic reports: PMI, JOLTS, ADP payrolls, jobless claims, and the unemployment rate The Federal Reserve's current rate hike probability heading into the next meeting What I'm personally telling my clients right now about locking or floating their rate For more on how oil prices and inflation are shaping the mortgage market, check out my full breakdown on the blog: How Oil Prices Are Moving Mortgage Rates Right Now at therateupdate.com/blog

Mark and Martin Pow return to The Blueprint Podcast Deals, Deals, Deals series after first joining us in November 2025. Based in the South West, Martin started his career as a carpenter while Mark came from a background in car sales. Together they've built a successful property business by combining practical construction expertise with commercial deal-making skills. Now in their second year of the Property Entrepreneur programme, they also share how becoming part of Adam's and Josh's Mastermind groups has accelerated their growth through accountability, collaboration, networking and learning from other experienced property entrepreneurs. In this episode, they take us behind one of their latest projects, The Solways, sharing the real numbers behind a development that released £113,425 of cash, created £572,880 of equity, and now generates over £41,000 a year in cashflow, all while refinancing at a conservative 66% loan-to-value. If you've ever wondered how experienced investors recycle their capital while keeping ownership of the asset, this episode is packed with practical lessons and genuine deal analysis.   The Solways Deal Breakdown Purchase Price: £508,000   Acquisition Costs: Stamp Duty: £40,800 Professional Fees: £31,560   Project Costs: Finance: £71,699 Refurbishment: £336,544 Holding Costs: £15,082   Total Project Cost: £1,003,695   The Results: End Value: £1,690,000 Refinance (66% LTV): £1,117,120 Cash Released: £113,425 Equity Created: £572,880 Monthly Cashflow: £3,426 Annual Cashflow: £41,112 Success and Failure are both very predictable. I hope you enjoy.   Work With Mark / The HMO Agent: If you're an Investor or HMO landlord and want to: Discuss investment opportunities Explore long-term lease options Sell your HMOs, blocks or portfolio Build or scale your portfolio Visit: www.thehmoagent.com Arrange a call with Mark: https://calendar.app.google/Q7DMSzZ7cqtWdUf36   Connect with Mark and Martin Pow. https://www.instagram.com/propertypowbrothers/ www.powproperty.co.uk info@powproperty.co.uk 07816407114   Upcoming Free Live Webinar Britain Is Getting Poorer: Only the 1.8% Are Winning Join Daniel Hill live on Thursday 6 August at 7pm or Friday 7 August at 12pm, where he will be sharing: Why 98.2% of the UK is falling behind, and what it means for property investors. The practical strategies successful investors are using to stay ahead. The five challenges every property business owner needs to solve over the next 24 months.

Mortgage rates are on the move after 3 Federal Reserve officials voted to hike rates this week, the largest dissent within the Fed since 1970. If you're a homebuyer, homeowner, or realtor trying to figure out where mortgage rates are headed next, this is the update you need to watch.In this episode, I break down exactly why mortgage rates jumped to 6.77% today, why the Federal Reserve is split on hiking rates even as inflation cools, and why oil prices tied to the Iranian conflict are quietly driving Treasury yields and mortgage rates higher. I also walk through this week's economic data, next week's calendar, and what I'm personally advising my clients to do right now if they're under contract or thinking about locking in a rate.Here's what I cover:

Thanks to our partners Promotive, WickedFile, Maverick Shop Owners, and OverdryveYou need money. Maybe it's to cover payroll this week, maybe it's to buy the alignment rack you've been eyeing for a year. Either way, Hunt Demarest, CPA, says the loan you should get depends entirely on two questions banks are already asking about you: do you have cash flow, and do you have collateral?In this solo follow-up to his cash reserves series, Hunt breaks down every borrowing option available to auto repair shop owners and ranks them from cheapest to most dangerous. He walks through real client scenarios — equity in your building, financing new equipment, strong profits with nothing to put up as collateral — and explains exactly what to say (and not say) when you sit down with a bank. He closes with a hard look at credit card advance loans: why they're marketed as easy money, why the interest rate isn't actually what traps shop owners, and why the repayment period is the real killer.Whether you're planning a purchase a year out or you need cash this month, this episode gives you the vocabulary and the game plan to borrow smarter.What You'll Learn...00:00 Intro: wrapping up the cash conversation with how to actually get the money03:46 Secured vs. unsecured debt, and why one always beats the other on rate06:10 The two things every bank is really looking for: cash flow and collateral07:12 Scenario: You're out of cash, but your building has equity07:57 Refinance or borrow against it? How to decide, and why today's rates change the math13:26 Scenario: You're out of cash and need new equipment: financing vs. leasing15:40 Scenario: Strong profits, no collateral, the situation most bootstrapped shops face17:25 How to frame your ask so the bank says yes (the tire business pitch)18:46 Last resort: credit card advance loans explained, and how they actually get repaid20:48 Why the interest rate isn't what kills you: it's the repayment period23:34 Wrap-up: share the show and send in your questionsThanks to our partner, PromotivePromotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit https://gopromotive.com/Thanks to our partner, WickedFileTurn chaos into clarity with WickedFile, the AI for auto repair shops. Transform invoices into insights, protect cash flow, and stop losing parts, cores, or credits to maximize your bottom line. visit https://info.wickedfile.com/Thanks to our partner, Maverick Shop OwnersYou're working on growing a more profitable shop - that's critical. That's exactly what the 24-video Blueprint course by Maverick Shop Owners addresses - customers, sales, profit, people, systems, and freedom. Get free access for our listeners only at https://maverickshopowners.com/blueprintThanks to our partner, OverdryveOverdryve is your AI-powered marketing operating system. It predicts slow weeks before they happen, automatically launches revenue-driving campaigns, tracks ROI down to the dollar, and optimizes performance in real time. Visit https://overdryvemarketing.com/Paar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online: www.paarmelis.comEmail Hunt: podcast@paarmelis.comGet the FREE 2026 Auto Shop Benchmark Report: https://hubs.ly/Q04j-grh0Download a Copy of My Books Here:Beyond the Bays: A Financial Playbook for Auto Repair Shop OwnersWrenches to Write-OffsYour Perfect Shop The Automotive Repair Podcast Network: https://automotiverepairpodcastnetwork.com/Remarkable Results Radio Podcast with Carm Capriotto: Advancing the Aftermarket by Facilitating Wisdom Through Story Telling and Open DiscussionDiagnosing the Aftermarket A to Z with Matt Fanslow: From Diagnostics to Metallica and Mental Health, Matt Fanslow is Lifting the Hood on Life.The Weekly Blitz with Chris Cotton: Weekly Inspiration with Business Coach Chris Cotton from AutoFix - Auto Shop Coaching.Speak Up! Effective Communication with Craig O'Neill: Develop Interpersonal and Professional Communication Skills when Speaking to Audiences of Any Size.Business by the Numbers with Hunt Demarest: Understand the Numbers of Your Business with CPA Hunt Demarest.The Auto Repair Marketing Podcast with Kim and Brian Walker: Marketing Experts Brian & Kim Walker Work with Shop Owners to Take it to the Next Level.

Mortgage rates, Federal Reserve, inflation, PCE report, oil prices, Iran conflict, Dow Jones, mortgage rate forecast — here's what moved rates today and what the Fed does next.The Fed just came out and the mortgage bond market took a wild ride because of it. Inflation on the PCE report came in better than expected at 3.3%, jobless claims stayed low, and the Dow is nearing 52,000... but the Fed is still showing a 60% chance of a rate hike at the next meeting. On top of that, the oil war overseas is still raging and could send rates jumping if it escalates. In this video I break down exactly what's driving mortgage rates right now and what I'm telling my own clients to do about it. How to read the mortgage rate chart and what moved rates after the Fed's comments The PCE inflation report and why 3.3% matters Jobless claims, continued claims, and what they signal about the job market Oil prices, the Iran conflict, and how a jump to $120 a barrel could affect your rate Why the Dow is near 52,000 despite the ongoing conflict The Fed's 60% odds of a hike at the next meeting, and what I'm advising clients with a signed contract right now I go deeper on this in my blog post, Is the Fed About to Trigger a Mortgage Rate Shock?: https://www.therateupdate.com/blog/is-the-fed-about-to-trigger-a-mortgage-rate-shockChapters:0:00 Intro – Inflation, Oil War & What the Fed Does Next 1:30 The Rate Chart – What Happened After the Fed's Comments 3:15 PCE Inflation Breakdown (3.3% Reading) 5:15 Jobs Data, Oil Prices & the Iran Conflict Risk 7:30 Dow Nears 52,000, Fed's 60% Hike Odds & Locking Your Rate

Mortgage rates are on edge today as oil prices spike and the Federal Reserve meets to decide what happens next with interest rates. I'm breaking down what's driving today's move and what it means for your rate.Today isn't a normal day. Iran struck another ship, oil jumped 6%, and the Federal Reserve is meeting this afternoon to figure out where the federal funds rate goes from here. I walk through the bond market, the inflation data, the jobs numbers, and exactly what I'm telling my own clients to do right now if they're under contract, sitting on the sidelines, or thinking about refinancing.In this video I cover: • Why oil prices jumping 6% in one day is hitting the mortgage bond market • What the Federal Reserve actually controls and how it ripples into your rate • The real CPI, PPI, and jobs numbers the Fed is watching this week • Why inflation is dropping when you strip out oil and energy • What I'm advising clients to do today: lock, wait, or holdRead the full breakdown on my blog: Fed Rate Call During a Global Crisis: Mortgage Rate Snapshot Today — https://www.therateupdate.com/blog/fed-rate-call-global-crisis-mortgage-rate-snapshot-todayAnd for more on where rates could head next: CPI Drops, Jobs Cool: Is a Fed Rate Cut Finally Coming? — https://www.therateupdate.com/blog/cpi-drops-jobs-cool-is-a-fed-rate-cut-finally-comingCHAPTERS 0:00 Oil spikes, Iran conflict, and today's Fed meeting 1:30 How the Federal Reserve actually controls rates 3:15 CPI, PPI, and the inflation data the Fed is watching 5:45 Jobs numbers and where the cracks are showing 7:30 What I'm telling my clients to do right now

Mortgage rates are holding steady heading into tomorrow's Federal Reserve meeting, but oil sitting at $80 a barrel could change everything fast. Today I break down the jobs report, cooling inflation data, and why home prices are up 1.6% year over year despite the crash predictions.There's a 70% chance the Fed does nothing at tomorrow's meeting, but that's not the full story. Between a softening ADP jobs report, inflation numbers coming in cooler than expected, and oil prices tied directly to the ongoing conflict overseas, there's a lot moving underneath the surface that could shift your rate in either direction. Here's exactly what I'm watching and what I'm telling my own clients to do right now.

Mortgage rates today: oil prices drop to $84 a barrel, new tariffs hit the market, and the Federal Reserve meets in 2 days. Here's what it means for your mortgage rate, refinance, and home buying plans.

I used AI to rank every major housing market analyst since 2022 — who called the housing crash right, who got mortgage rate forecasts wrong, and where real estate is really headed in 2026. See how Logan from HousingWire, Realtor.com, and Zillow scored versus analysts still predicting a crash worse than 2008.Every day someone tells you exactly where mortgage rates and home prices are headed — but almost none of them go back and check if they were right. So I did. I ran the top housing market analysts and real estate YouTubers through AI, backdated the data to 2022, and scored who actually predicted housing correctly versus who's been calling for a housing crash worse than 2008 for four years straight.In this video I break down: The top-ranked housing market analysts since 2022 (HousingWire, Realtor.com, Zillow) The real estate influencers with the worst forecasting track record on mortgage rates and home prices Why "housing crash worse than 2008" predictions have failed for years Where my own mortgage rate and housing forecasts ranked What this means for homebuyers and homeowners deciding whether to buy, sell, or refinance in 2026

You finished the rehab. The property is rented. You call your lender to refinance into a DSCR loan, and they tell you that you have to bring $15,000 to the closing table out of your own pocket.This is how it happens.In this episode, Ryan breaks down the real difference between hard money loans and fix-and-flip loans, why the choice on the front end directly affects your ability to refinance into DSCR on the back end, and how to run the math before you ever borrow a dollar. He also shares why Zillow will lie to you about rents, how to stress-test your numbers with 5, 10, and 15 percent drops, and the four steps every investor should follow before signing a loan.Plan your exit before your entry.