The Paul Morris Podcast

Dusten Hendrickson, founder of Mailbox Money, is a workforce housing developer who builds quality, newly constructed apartments for hardworking renters across the Midwest. In this episode of the Paul Morris Podcast, Dusten explains the difference between workforce housing and “big A” affordable housing (Section 8, LIHTC, and USDA programs)—and why he focuses on market-rate housing. He also shares his proven strategies for selecting multifamily markets.

Connect with Paul Morris

Youtube: www.youtube.com/channel/UC3z_5PquBP2FpvhuPcTTp1Q Instagram: www.instagram.com/paulmarkmorris/ LinkedIn: www.linkedin.com/in/paulmarkmorris/ TikTok: www.tiktok.com/@itspaulmarkmorris Facebook: https://www.facebook.com/paulmarkmorris

Connect with Dusten Hendrickson

mailboxmoneyre.com

Linkedin: www.linkedin.com/in/dusten-hendrickson

Timestamps:

0:00 Workforce Housing Explained: Intro

0:39 Workforce Housing vs. Affordable Housing (Big "A")

1:38 Who Rents Workforce Housing? Tenant Profile & Rent Ranges

3:44 Section 8, LIHTC & USDA Loans: Government Red Tape

5:35 Rent Control & Rent Stabilization for Real Estate Investors

7:15 Pick a Niche: How to Scale Multifamily Investing

8:15 How to Choose Multifamily Markets in the Midwest

10:36 Comps, Rents & Construction Costs: Reading the Numbers

12:43 The Two-Interstate Rule for Finding Growth Markets

15:56 Path of Progress: Find a Boom Before It Happens

19:07 How to Research a City's Growth Plan & When to Buy

22:20 Working With City Planners as a Developer

25:32 Bad Debt: How to Find Markets Where Tenants Pay Rent

27:30 Tenant Screening & Building Lower-Rent New Apartments

32:06 Renter-Friendly Laws, Evictions & Housing Supply

41:53 Economic Engines: Mayo Clinic & Healthcare Jobs

43:46 Diverse Economies: Sioux Falls, Omaha & Des Moines

45:35 Using AI to Research Market Demographics

48:08 24-Hour Cities & Economic Engines (Sam Zell Story)

50:37 Investing in Midwest Workforce Housing

51:04 Fire Round: Happiness, Fears & Favorite Car

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Paul Morris sits down with Aaron Wolpoff, founder of Double Zebra Marketing Company, real estate brokerage CEO, and co-host of the We Fixed It podcast, for a conversation about brand strategy, leadership, and standing out in the age of AI. Expect a banned word, a whiteboard trick worth stealing, and a few ideas for reinventing a heritage luxury brand.

Connect with Paul Morris Instagram: https://www.instagram.com/paulmarkmorris/ LinkedIn: https://www.linkedin.com/in/paulmarkmorris/ TikTok: https://www.tiktok.com/@itspaulmarkmorris Facebook: https://www.facebook.com/paulmarkmorris Connect with Aaron Wolpoff

https://wefixeditpod.com/ LinkedIn: ⁠https://www.linkedin.com/in/marketingaaron Youtube: https://www.youtube.com/@WeFixedItPod

Timestamps

0:00 Welcome to the Paul Morris Podcast
0:11 Inside the “We Fixed It” Podcast
1:19 The Panel Behind the Fix
3:40 Keeping Score on the Advice
4:53 The Outsider’s Ticking Clock
6:12 Meet Double Zebra Marketing Company
7:35 Finding Bullet Point #11
8:33 Two Very Different Real Estate Businesses
11:55 The Whiteboard Exercise
16:12 The Word Aaron Banned
19:10 What Lights Aaron Up
21:07 Where AI Meets the Human Experience
23:10 The Retail Comeback Nobody Expected
28:38 Finding the Side Door
30:03 A “We Fixed It” Moment for Paul
32:19 Paul’s Big Idea
36:25 The Velvet Rope
38:25 What’s Changed in Marketing
40:50 From Playing Defense to Playing Offense
43:30 The Hairdryer Lesson
48:00 Salt, Steak & the $1,200 Menu Item
50:41 Finding Value Where Others Don’t Look
53:20 Putting Old-School Ideas to Work
55:07 Why Face Time Still Wins
57:17 Quick-Fire Round
59:00 The Hilltop Question

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What if the opinions you’ve built over a career could become a real, diversifiable investment instead of a bet on one stock? Paul sits down with Andrew Peek of Tilt to talk about how AI is turning personal conviction into rules-based baskets of stocks, and why that may be a smarter way to act on a thesis than picking a single winner or timing an options trade. #ETFs #AI #FinTech

Connect with Paul Morris Instagram: https://www.instagram.com/paulmarkmorris/ LinkedIn: https://www.linkedin.com/in/paulmarkmorris/ TikTok: https://www.tiktok.com/@itspaulmarkmorris Facebook: https://www.facebook.com/paulmarkmorris Connect with Andrew Peek Instagram: https://www.instagram.com/drupeek LinkedIn: ⁠https://www.linkedin.com/in/drupeek/⁠ X: ⁠https://x.com/drupeek⁠

Timestamps: 00:00:00 - Introduction and Andrew’s Entrepreneurial Journey 00:04:42 - From Index Investing to Personalized Portfolios 00:06:17 - How ETFs Work 00:09:24 - Using AI to Invest in a Trend 00:14:40 - Why Picking a Trend Can Beat Picking a Stock 00:15:44 - How Much to Invest in a Trend 00:18:49 - Finding Your Portfolio’s Hidden Exposure 00:26:32 - Using Events and Prediction Markets to Assess Exposure 00:27:54 - Making Trend Investing More Accessible 00:29:23 - Exposure Means Upside as Well as Risk 00:31:26 - Turning an Investment Thesis Into a Portfolio 00:34:53 - How AI Selects Stocks and Sources 00:38:26 - Building a Personalized Portfolio With $10,000 00:42:01 - Sharing a Strategy and Following Other Investors 00:45:36 - Fire-Round Questions and Closing Reflections

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Jeremy Werden, co-founder of BnBCalc and co-host of the Short Term Rental Pros podcast, sits down with Paul Morris to explain why the next big thing in short-term rentals is the experience, not just the property. Jeremy started by renting pontoon boats during COVID and now owns a multi-state portfolio of short-term rentals and runs a software platform used by thousands of investors. In this episode he shares his secrets for making money in markets across the country.

How to reach Jeremy:

https://www.bnbcalc.com/

http://www.instagram.com/jeremywerden

https://www.linkedin.com/in/jmwerden/

www.facebook.com/jeremy.werden

https://www.youtube.com/channel/UCPACQuaK_bLC6molJb4K4kA

Connect with Paul

Instagram:/ paulmarkmorris

LinkedIn:/ paulmarkmorris

TikTok:/ itspaulmarkmorris

Facebook:/ paulmarkmorris

Chapters:

0:00 Intro: Jeremy Werden on Short-Term Rental Pros & BnBCalc

0:55 From New Jersey to UNC Basketball

1:30 COVID Furlough & the Push to Start a Business

2:15 Buying Pontoon Boats After Watching Ozark

2:55 Pivoting to Lake Houses at Hyco Lake

3:20 How BnBCalc Started (7-Investor First Deal)

4:40 BnBCalc Today: Thousands of Users & the Markets Tool

5:25 Boat Rental Economics: Why It Was a COVID Anomaly

6:40 Why Houses Beat Boats (and the Lake Retreat)

7:40 Why Jeremy Built BnBCalc to Win Homeowner Clients

8:45 What a BnBCalc Report Shows (Seasonality, Fees, Competitors)

10:00 Bonus Depreciation & the Short-Term Rental Loophole

11:15 What BnBCalc Does (and Doesn't Do)

12:35 Catch-Up Depreciation for Existing Owners

13:45 Cost Seg Services Jeremy Uses

14:15 Cost Segregation Explained

16:45 Landscaping, Pickleball Courts & Depreciation

17:40 Designing a Short-Term Rental: Bedrooms vs. Closets

19:35 "Buy Only Where You Know" Investing Rule

21:05 Joshua Tree Lesson: Why Not to Split the Lot

22:45 Property Management Fees: Is 20% Standard?

24:30 Can Deals Still Pencil Out With a Management Fee?

25:50 Value-Add Example: Turning an Attic Into Bedrooms

26:35 Refinance & Reappraisal Results

27:10 Why Cheap Furniture Is "Lipstick on a Pig"

27:50 Creating a "One of One" Experience

29:30 Underwriting vs. Reality: $250K Kentucky Lake House

31:05 The Three Boxes: Tax Benefits, Value-Add & Revenue

32:30 Quick Market Research on Airbnb & VRBO

33:30 How to Invest Out of State

34:35 Listener Case Study: $350K in Year One

35:55 Piggybacking on a Partner's Kentucky Properties

36:20 Where to Find Jeremy + BnBCalc Free Trial

#ShortTermRental #STRInvesting #AirbnbInvesting

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He left college, sold his first company for $110K, and went on to an eight-figure exit without a single investor. Now he's putting his money into pool services, dry cleaners, and oil well repair, and he has a theory about why.
Plus, what happens to the "sexy" businesses when AI changes everything?

Check out Capital Pad: https://capitalpad.com

Connect with Travis: https://www.linkedin.com/in/travisvc/

YouTube: https://www.youtube.com/@paulmorrispodcast

Instagram: https://www.instagram.com/paulmarkmorris/

LinkedIn: https://www.linkedin.com/in/paulmarkmorris/

TikTok: https://www.tiktok.com/@itspaulmarkmorris

Facebook: https://www.facebook.com/paulmarkmorris

Timestamps:

• 00:00 Welcome and leaving college for the supplement business
• 01:00 Living the 4-Hour Workweek blueprint abroad
• 04:00 The first big exit and the "first $100K" debate
• 05:30 Multiple businesses vs. The One Thing
• 07:00 How the 4-Hour Workweek got perverted
• 09:30 Creating $10 of value from a $3 widget
• 10:30 Why SEO became the secret weapon
• 12:00 The bootstrapped SaaS exit and the Amazon search algorithm
• 16:30 Pivoting to lower middle market private equity
• 18:00 What independent sponsors do
• 19:30 A look inside Travis's portfolio
• 21:00 How a deal is structured: debt, seller notes, and the promote
• 23:00 Capital Pad and how everyday investors get access
• 26:00 Target returns and the levers that create value
• 28:00 Roll-ups, multiple arbitrage, and Shore Capital
• 32:00 How Capital Pad adds value beyond the check
• 34:00 IRR explained in plain English
• 36:00 The promote, the carry, and what investors actually keep
• 38:00 REITs and the case for professional investors
• 40:00 Track record, check size, and skin in the game
• 42:30 The lesson on betting on the people behind the deal
• 45:30 Y Combinator, the "SaaS-calypse," and what AI disrupts
• 51:00 The laundromat influencer problem
• 52:00 What survives AI (and the funeral home receptionist)
• 54:00 The wild valuation of AI startups
• 57:00 The real estate debate begins
• 01:00:00 The case for investing with local market experts
• 01:03:00 Paul's 40% buy box and how he bought his house
• 01:08:00 The fire round
• 01:12:00 The mountaintop shout
• 01:14:00 Wrap-up

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This week on the Paul Morris Podcast, Rock Thomas shares his extraordinary journey from a challenging childhood to becoming a successful entrepreneur and motivational speaker. After trying various careers, he found his true calling in real estate, where he has thrived for over 37 years. Rock emphasizes the importance of understanding the psychology of success and how our past experiences shape our beliefs and actions. He aims to help others reduce personal suffering and achieve wealth, but also stresses that money alone doesn't guarantee happiness. In his upcoming book, 'Who's Holding the Microphone,' Rock explores the six scripts that influence our lives and how to rewrite them for a better future. He encourages listeners to take small steps towards transformation, reminding them that they are not defined by their past. Join Rock and Paul on this journey of self-discovery and empowerment, and learn how to unlock your potential today!

Connect with Paul Morris

YouTube: https://www.youtube.com/@paulmorrispodcast

Instagram: https://www.instagram.com/paulmarkmorris/

LinkedIn: https://www.linkedin.com/in/paulmarkmorris/

TikTok: https://www.tiktok.com/@itspaulmarkmorris

Facebook: https://www.facebook.com/paulmarkmorris

Connect with Rock Thomas

Youtube: https://www.youtube.com/c/RockThomas

Instagram: https://www.instagram.com/rockthomas

Facebook: https://www.facebook.com/RockThomas

TikTok: https://www.tiktok.com/@rockthomas91

Website: https://rockthomas.com/

Timestamps

00:00:00 - Rock Thomas' Origin Story

00:04:54 - Challenging Beliefs and Identity

00:12:37 - Transforming Identity and Habits

00:15:20 - Creating Lasting Change

00:18:07 - Identifying Blind Spots

00:19:21 - Understanding Inner Voices

00:31:41 - Recognizing Patterns and Adapting Behaviors

00:32:25 - Understanding the Impact of Past Trauma

00:39:50 - Personal Growth and Transformation

00:47:18 - Changing Behavior Patterns

00:49:53 - Overcoming Fear of Investments

00:54:37 - Building Resilience and Learning from Past Mistakes

01:00:25 - Impact of Social Comparison and Finding Inspiration

01:04:17 - Fire Round - Rapid Questions

01:07:23 - Closing Remarks and Gratitude

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This week on the Paul Morris Podcast, Paul dives deep into the world of short-term rentals with expert Avery Carl of The Short Term Shop. Avery shares her incredible journey from a newlywed couple with just $10,000 to a powerhouse in the vacation rental industry, managing over 250 doors and helping thousands of clients. She emphasizes the importance of investing in established vacation markets rather than jumping on the latest Airbnb trend. She also discusses the significance of local expertise in real estate and how to effectively manage properties to maximize returns. If you're considering investing in short-term rentals or just curious about the industry, this episode is packed with practical advice and inspiration. Tune in to learn how you can achieve financial freedom through smart real estate investments!

Connect with Paul Morris

YouTube: https://www.youtube.com/@paulmorrispodcast

Instagram: https://www.instagram.com/paulmarkmorris/

LinkedIn: https://www.linkedin.com/in/paulmarkmorris/

TikTok: https://www.tiktok.com/@itspaulmarkmorris

Facebook: https://www.facebook.com/paulmarkmorris

Connect with Avery Carl and The Short Term Shop

https://theshorttermshop.com/

Youtube: https://www.youtube.com/c/TheShortTermShop

Instagram: https://www.instagram.com/theshorttermshop/

https://www.instagram.com/theaverycarl/

Tik Tok: https://www.tiktok.com/@averyacarl

https://www.tiktok.com/@theshorttermshop

Timestamps

00:00:00 - Avery Carl’s Vacation Rental Investment Journey

00:04:57 - Guest Experience and the Value of Thoughtful Amenities

00:06:56 - Combining National Reach With Local Market Expertise

00:10:05 - Self-Managing Vacation Rentals With Virtual Assistants

00:11:32 - Teaching Investors to Manage Their Own Properties

00:12:15 - Management Fees and Their Impact on Investor Returns

00:13:15 - Can Professionally Managed Vacation Rentals Still Be Profitable?

00:14:58 - Evaluating a Joshua Tree Short-Term Rental Strategy

00:15:36 - Scaling Efficiently by Owning Multiple Rentals in One Market

00:19:19 - Dynamic Pricing and Revenue Management

00:23:50 - Choosing Between a Fourplex and a Vacation Rental

00:25:16 - The Short-Term Rental Tax Strategy

00:28:17 - Cost Segregation Studies and Real Estate-Savvy CPAs

00:33:57 - Choosing Markets With Stable Vacation Rental Regulations

00:38:06 - The Vacation Rental Markets Avery Covers

00:39:36 - Fire Round: Happiness, Talents, Travel, and Honesty

00:44:08 - Closing Thoughts and How to Reach Avery

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Ever dreamed of investing in property in France? Leslie Romenesko joins Paul and Josh to break down how she turns long-term rentals in the French countryside into real, steady cash flow, not just a castle fantasy. In this episode, Leslie walks through how she chooses a location, why having trusted local contacts to manage a property is non-negotiable, and where she looks to find value when investing in France or in her hometown of LA.

#investing #france #realestate #podcast #propertymanagement #realestatepodcast

Connect with Paul Morris

YouTube: https://www.youtube.com/@paulmorrispodcast

Instagram: https://www.instagram.com/paulmarkmorris/

LinkedIn: https://www.linkedin.com/in/paulmarkmorris/

TikTok: https://www.tiktok.com/@itspaulmarkmorris

Facebook: https://www.facebook.com/paulmarkmorris

Connect with Josh Spitzen

Instagram: https://www.instagram.com/joshuaspitzen/

forwardone.com

Connect with Leslie Romenesko

Instagram: https://www.instagram.com/leslielahomes/

Timestamps

00:00:00 - Introduction and Investing in France

00:02:35 - French Financing, Cash Flow, and Property Criteria

00:08:25 - Managing a Concentrated Overseas Portfolio

00:09:37 - Local Investing and Restoring Historic Los Angeles Homes

00:11:04 - Personal Investments Versus Investor Partnerships

00:14:37 - Lessons Learned: Partnerships and Keeping Emotion in Check

00:16:12 - Choosing the Right Vision for a Live-In Investment

00:19:12 - Renovating Through a Market Crash

00:20:58 - Finding Opportunity in Middle-of-the-Road Properties

00:22:54 - Using Location and Renovation to Build Wealth

00:27:03 - Playing the Long Game with Intentional Investing

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Right now, there are sellers out there whose mortgage is 3%. And in some cases, a buyer can take over that exact loan. This is a game-changer in today's market where rates are soaring. Imagine saving $1,550 a month on a $700,000 loan just by assuming a lower mortgage rate! In this Ask Me Anything episode of the Paul Morris Podcast, Paul dives deep into how you can navigate the complexities of assumable loans, builder rate deals, and more popular questions from viewers like you. Plus, he’ll share insights on the current state of the market, including the latest job reports and how they impact real estate. Whether you're a seasoned investor or a first-time buyer, understanding these nuances can set you up for success. Tune in for straight answers, no hype, and the knowledge you need to make informed decisions in this ever-changing market.

*Connect with Paul*

YouTube: https://www.youtube.com/@paulmorrispodcast

Instagram: https://www.instagram.com/paulmarkmorris/

TikTok: https://www.tiktok.com/@itspaulmarkmorris

Facebook: https://www.facebook.com/paulmarkmorris

*Presented by Entrepreneur Media & Money News Network*

Entrepreneur Media: https://www.entrepreneur.com/podcasts

Money News Network: https://www.moneynewsnetwork.com

Timestamps

00:00:00 - Today’s Housing Market and What Buyers Can Do

00:03:08 - How Weak Job Growth Could Affect Mortgage Rates

00:07:37 - Taking Over a Seller’s 3% Assumable Mortgage

00:12:28 - The Truth About Builders’ Discounted Mortgage Rates

00:20:43 - Using Home Equity to Buy a Rental

00:24:57 - House Hacking Your Way Into Real Estate

00:29:21 - Finding Homes With Assumable Mortgages

00:30:57 - Closing Thoughts and Investment Disclaimer

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Creative development deals and insider information are only a few of the topics from this week’s discussion between Paul Morris and Ben Lee. The two real estate attorneys illustrate the value of information and knowing how to leverage it. Invaluable insights include- buy where you know, ensure it’s a value-add property, and always have room for error. Real estate can be high-pressure, but with the right mindset and strategies, anyone can navigate the challenges and come out on top. Join the Paul Morris Podcast as Paul and Ben share their journeys, the ups and downs, and the secrets to thriving as an investor in the real estate market!

Connect with Paul Morris

YouTube: https://www.youtube.com/@paulmorrispodcast

Instagram: https://www.instagram.com/paulmarkmorris/

LinkedIn: https://www.linkedin.com/in/paulmarkmorris/

TikTok: https://www.tiktok.com/@itspaulmarkmorris

Facebook: https://www.facebook.com/paulmarkmorris

Connect with Ben Lee

https://www.theagencyre.com/agent/ben-lee

Instagram: https://www.instagram.com/theagencyre/

Timestamps

00:00:00 - The First Real Estate Deal and a Life-Changing Check

00:01:16 - Becoming a Real Estate Attorney and Investor

00:03:26 - Using Information to Find an Undervalued Estate Property

00:05:25 - Early Deals, Auctions, and Unexpected Profits

00:06:44 - Solving Environmental and Infrastructure Problems for Millions

00:08:20 - Three Rules for Never Losing Money in Real Estate

00:09:26 - Fix-and-Flip Advice: Buy with Room for Error

00:10:41 - The Dangers of Expensive Debt and Tight Margins

00:13:43 - Value-Add Investing Means Solving Difficult Problems

00:15:46 - Refining the Rules: Buy Only What You Can Afford

00:18:46 - Why Successful Investing Requires Capital and Skin in the Game

00:21:23 - Disciplined Debt and the Opportunities Ahead

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Paul Morris, along with his business partner Josh Spitzen, had the pleasure of chatting with Neyshia Go, a sharp and focused real estate leader. Neyshia shared her unique experiences representing developers and how that shaped her investment strategy. She breaks down the strategies she uses to add value to homes and how they can be utilized at any price point. Neyshia’s journey is a testament to the power of education, experience, and a little bit of creativity in the world of real estate. Tune in to discover how you can apply these lessons to your own investments and make informed decisions in the market!

Connect with Paul Morris

YouTube: https://www.youtube.com/@paulmorrispodcast

Instagram: https://www.instagram.com/paulmarkmorris/

TikTok: https://www.tiktok.com/@itspaulmarkmorris

Facebook: https://www.facebook.com/paulmarkmorris

Connect with Neyshia Go

Instagram: https://www.instagram.com/neyshiago

https://neyshiago.com/

Timestamps

00:00:00 - Introduction and Neyshia’s Real Estate Journey

00:00:43 - Investing Alongside Experienced Developers

00:03:57 - Choosing Partners and Learning Through Renovation

00:05:47 - Using Design Expertise to Improve Developments

00:08:34 - Creating Homes That Stand Out to Buyers

00:09:47 - Balancing Broad Appeal With Memorable Design

00:12:02 - Strategic Luxury and the $100,000 Shower

00:15:19 - Creating Wow Factor With Signature Features

00:20:16 - The Jewel Box Development Strategy

00:25:33 - Why Price per Square Foot Has Limits

00:28:02 - Designing for the Target Buyer

00:29:03 - Choosing a Realtor Who Understands Development

00:30:22 - Honest Pricing and Protecting Client Investments

00:31:09 - Turning Pricing Conflict Into Collaboration

00:34:47 - Walking Away From a Risky Deal

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Paul Morris comes in this week with new guest Jamie Lane, the Chief Economist at AirDNA, a leading data analytics company for short-term rentals. They dive deep into the world of short-term rentals, discussing how to identify the best markets for investment and the strategies that can maximize your returns. Jamie breaks down the five least expensive things that can significantly boost your rental revenue. They also discussed the importance of using data analytics to make informed decisions, and how AirDNA's tools can help you track performance and pricing trends in your chosen market. If you're considering entering the short-term rental business or looking to improve your existing strategy, this episode is packed with expert advice and practical tips.

Connect with Paul Morris

YouTube: https://www.youtube.com/@paulmorrispodcast

Instagram: https://www.instagram.com/paulmarkmorris/

LinkedIn: https://www.linkedin.com/in/paulmarkmorris/

TikTok: https://www.tiktok.com/@itspaulmarkmorris

Facebook: https://www.facebook.com/paulmarkmorris

Connect with AirDNA and Jamie Lane

https://www.airdna.co/

Instagram: https://www.instagram.com/str_economist

Timestamps

00:00:00 - Introducing Jamie Lane and AirDNA

00:03:47 - How AirDNA Evaluates Short-Term Rental Markets

00:10:07 - Short-Term Rental Regulations and Permits

00:14:50 - The Risk of Investing in Unregulated Markets

00:21:01 - Using Local Experts to Assess Regulation

00:29:32 - AirDNA Pricing and Short-Term Rental Tax Benefits

00:38:30 - Is 2026 a Good Year to Invest?

00:41:56 - Finding Deals in a Difficult Market

00:44:57 - How One Property Became a Good Investment

00:46:20 - Designing a Short-Term Rental as the Destination

00:51:51 - High-Return Amenities Guests Actually Value

00:57:45 - Creating a Thoughtful Digital Guest Guide

00:59:51 - Diversifying Across Booking Channels

01:02:55 - How Platform Availability and Reviews Affect Ranking

01:08:07 - The Biggest Short-Term Rental Acquisition Mistake

01:11:32 - Final Thoughts and AirDNA Recommendation

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In this Ask Me Anything episode of the Paul Morris Podcast, Paul Mark Morris explains how homeowners can rent out their primary home for up to 14 days per year with zero federal income tax on the rent under Section 280A (“Augusta Rule”), and how going to 15 days removes the exclusion and changes the strategy. He shares cautions about local short-term rental rules, HOAs, insurance, and documentation, including a business-owner approach where a company may deduct reasonable rent for legitimate meetings held at the home. Morris also breaks down the “100% write-off” via cost segregation and bonus depreciation, what income it can offset, passive-loss limits, and recapture and state conformity issues. He then answers investor questions on LLC pros/cons and costs, whether to buy now or wait for rates, real estate’s outlook for 2026, investing out of state, and ADU vs. another property. *Connect with Paul* Instagram: https://www.instagram.com/paulmarkmorris/ TikTok: https://www.tiktok.com/@itspaulmarkmorris YouTube: https://www.youtube.com/@paulmorrispodcast Facebook: https://www.facebook.com/paulmarkmorris *Presented by Entrepreneur Media & Money News Network* Entrepreneur Media: https://www.entrepreneur.com/podcasts Money News Network: https://www.moneynewsnetwork.com Timestamps 00:00:00 Tax Free Side Hustle 00:00:53 Market Snapshot Today 00:01:12 Important Disclaimer 00:03:10 14 Day Rental Rule 00:06:05 Business Meeting Rent 00:08:05 Bonus Depreciation 100% 00:12:28 LLC Pros and Cons 00:17:07 Buy Now or Wait 00:19:09 Real Estate in 2026 00:22:59 Where to Invest 00:24:32 ADU Versus Rental 00:26:54 Final Disclaimer Wrap

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The Federal Reserve didn't blink; should you? In this episode, Paul Mark Morris dives deep into the latest Fed meeting and what it means for you as an investor. With mortgage rates hitting a one-year high of 6.66% and the Fed holding rates steady, uncertainty looms large. But don't worry! Paul is here to help you navigate these turbulent waters. He’ll share the three critical numbers you need to know, his insights on where to find certainty amidst the Fed's indecision, and three key decisions you should make in the next 90 days. Remember, it’s not just about the price; it’s about the deal you can negotiate. Tune in to gain the knowledge you need to make informed decisions and secure your financial future.

Connect with Paul

Instagram: https://www.instagram.com/paulmarkmorris/

TikTok: https://www.tiktok.com/@itspaulmarkmorris

YouTube: https://www.youtube.com/@paulmorrispodcast

Facebook: https://www.facebook.com/paulmarkmorris

Timestamps

00:00:00 - Introduction: The Fed Didn't Blink

00:01:10 - Segment 1: Three Numbers You Can't Afford to Miss

00:02:52 - What the Fed Said and the Dates That Matter

00:04:33 - Segment 2: War, Oil Prices, and Mortgage Rates

00:05:46 - Segment 3: Creating Certainty Through Better Deals

00:07:33 - Segment 4: Reality-Checking Predictions of a Crash

00:10:00 - Segment 5: Your Next 90 Days: 3 Decisions to Examine

00:14:01 - Disclaimer and Closing

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Paul Mark Morris is here with the numbers you can't afford to miss. In this episode, he explains why the market is frozen and what it will take to get it moving in your direction. Looking ahead, he unpacks the potential impacts of the upcoming Fed meeting and shares his mindset on making new deals in an uncertain interest rate environment. While he's got the top-level real estate news, only you can learn your local market and Paul will teach you what questions to ask and where to get the information you need to make informed decisions no matter where you live.

Connect with Paul

Instagram:https://www.instagram.com/paulmarkmorris/

TikTok:https://www.tiktok.com/@itspaulmarkmorris

YouTube:https://www.youtube.com/@paulmorrispodcast

Facebook:https://www.facebook.com/paulmarkmorris

Timestamps

00:02:20 The Numbers You Can't Afford to Miss

00:04:14 Record Prices and Buyers Are Walking

00:09:35 War, Oil, and Your Mortgage Rate

00:17:24 Real Estate Is Local

00:21:01 Paul's Strategy for Learning Your Market

00:26:06 Guru Watch

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Paul Morris and Josh Spitzen interview real estate entrepreneur Daryl Owen, who describes being inspired at 14 to buy investment property, then purchasing his first rental at 19 while working at Papa John’s, struggling to rent it, and selling it two years later for a modest gain that pushed him into getting his real estate license. He shares lessons from buying an expensive personal home before 2008, losing money, and rebuilding by living below his means, then getting hooked on flipping after a first profitable deal and doing hundreds more. Daryl discusses mistakes (including permit issues), choosing between selling “home runs” and holding, using strategies like 1031 exchanges and cost segregation, and his current portfolio (~$10M holdings, ~$4.2K/month net cash flow). He emphasizes sourcing off-market deals via high-volume outreach, deciding quickly, and advising investors to stop waiting for perfection, buy decent deals, and hold long term, with future focus on multifamily value-add and ADUs. *Daryl Owen* Instagram: https://www.instagram.com/darylrowen/ Website: https://www.zillow.com/profile/Daryl%20Owen *Josh Spitzen* Instagram: https://www.instagram.com/spitzenjosh/ Website: https://forwardone.com/agents/josh-spitzen/ *Connect with Paul* Instagram: https://www.instagram.com/paulmarkmorris/ TikTok: https://www.tiktok.com/@itspaulmarkmorris YouTube: https://www.youtube.com/@paulmorrispodcast Facebook: https://www.facebook.com/paulmarkmorris *Presented by Entrepreneur Media & Money News Network* Entrepreneur Media: https://www.entrepreneur.com/podcasts Money News Network: https://www.moneynewsnetwork.com Timestamps 00:00:00 Podcast Welcome 00:00:39 Real Estate Spark 00:01:58 First Rental Lessons 00:04:17 Get In The Game 00:05:28 Ego And Lifestyle Trap 00:06:18 Rebuilding After 2008 00:08:02 First Flip Breakthrough 00:09:48 Scaling Holds And Mistakes 00:11:31 Big Exits And Regrets 00:15:08 Deal Sourcing Playbook 00:17:43 Buy Now Hold Forever 00:19:14 Fourplex Deal Regrets 00:20:31 Renovation And Big Offer 00:22:01 Healthy Profit And 1031 00:23:16 Value Add Cap Rate Math 00:25:15 Rebuilding After Divorce 00:26:35 Multifamily And ADU Strategy 00:29:51 Income To Assets Mindset 00:31:35 Entry Level Rental Moat 00:36:20 Buy Buckets And Flips 00:37:38 Deal Sourcing With Team 00:38:53 Get In The Game Advice 00:39:25 Top Of The List Rules 00:40:57 Long Beach 24 Unit Close 00:41:42 Final Thanks And Wrap

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Paul Mark Morris argues the housing market is not heading for a 2026 crash, pointing to existing home sales rising 3.2% in May to a 4.17M annual pace (highest since December), with gains across most regions and first-time buyers at 35%, while prices keep climbing due to tight supply (about 4.5 months) and improved affordability (index 105.6). He explains mortgage rates remain stable around 6.5% despite expectations the Fed won’t cut in July, and highlights a surprising divergence: despite US-Iran strikes near the Strait of Hormuz, oil and gas prices are falling, easing inflation pressure. He also breaks down the proposed 21st Century Road to Housing Act, which would cap large institutional investors (350+ homes) from buying more single-family homes, potentially reducing competition for small investors, and outlines regional shifts with Sun Belt cooling and Midwest/Northeast strengthening. *Connect with Paul* Instagram: https://www.instagram.com/paulmarkmorris/ TikTok: https://www.tiktok.com/@itspaulmarkmorris YouTube: https://www.youtube.com/@paulmorrispodcast Facebook: https://www.facebook.com/paulmarkmorris *Presented by Entrepreneur Media & Money News Network* Entrepreneur Media: https://www.entrepreneur.com/podcasts Money News Network: https://www.moneynewsnetwork.com Timestamps 00:00:00 War Headlines Divergence 00:00:48 Show Intro Disclaimers 00:01:42 No 2026 Housing Crash 00:02:20 Sales Demand Rebound 00:04:49 Prices Supply Affordability 00:10:30 Mortgage Rates Reality 00:12:43 Fed Cuts And Mortgages 00:14:43 War Oil Gas Twist 00:18:38 Investor Cap Housing Bill 00:23:54 Hottest Coldest Markets 00:29:03 Luxury Market Signal 00:32:01 Three Moves Next 90 00:35:06 Wrap Up/Disclaimer

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Welcome back to The Paul Morris Podcast, brought to you by Entrepreneur Media.

In this State of the Market episode, I break down why the housing crash so many people are waiting for still is not showing up in the data. Existing home sales just hit a five-month high, prices are still rising year over year, inventory remains far from crash territory, and first-time buyers are back in the market.

I also walk through the bigger forces shaping real estate right now: mortgage rates, inflation, gas prices, the Fed, the war’s impact on oil, and why global headlines can quietly affect your monthly payment. But the biggest lesson is that national data only gets you so far. Your real edge as a buyer or investor comes from knowing your local market, your submarket, and even your street better than anyone else.

I talk about why waiting for the perfect moment can cost you, why you should underwrite deals at today’s rates instead of betting on a refinance, and how buyers may still have a window to negotiate before the crowd comes back in. If you want to understand what is actually happening in the market without the hype, this episode is for you.

*Connect with Paul*Instagram: https://www.instagram.com/paulmarkmorris/TikTok: https://www.tiktok.com/@itspaulmarkmorrisYouTube: https://www.youtube.com/@paulmorrispodcastFacebook: https://www.facebook.com/paulmarkmorris

*Presented by Entrepreneur Media & Money News Network*Entrepreneur Media: https://www.entrepreneur.com/podcastsMoney News Network: https://www.moneynewsnetwork.com

Timestamps

00:00:00 State of the Market Intro

00:00:47 Crash in 2026 No

00:00:58 Sales Surge Despite Chaos

00:01:53 Inventory and Supply Explained

00:02:56 First Time Buyers Return

00:04:28 Forecasts and Local Reality

00:05:52 Hot and Cold Metro Swings

00:08:19 Micro Markets Matter Most

00:10:35 Is Now a Good Time

00:11:12 Buyer Leverage and Waiting Cost

00:13:10 Local Edge and ADUs

00:15:19 Mortgage Rates in 2026

00:16:12 Oil to Rates Chain

00:18:39 Fed Shift and Warsh

00:21:34 War Peace Gas and Action Plan

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Paul Mark Morris explains a major shift away from SaaS as agentic AI becomes accessible to non-programmers, citing his own use of OpenClaw to run task-completing AI agents and the implication that tools like CRMs can be built quickly without traditional development teams. He connects this disruption to falling SaaS valuations, highlighting Salesforce’s drop from $337B to $179B by March 2026 despite rising revenue, and argues markets are pricing in a broken seat-based SaaS model. Morris describes a rotation toward hard assets, prompted by a conversation with nine-figure entrepreneur Mike Lazarow (who sold a company to Salesforce for $785M), and outlines three real estate plays: data centers (via REITs like Equinix and Digital Realty), multifamily amid shrinking supply and a 2026 debt-maturity-driven distress window, and secondary-market residential growth driven by AI-enabled migration.

Timestamps 00:00:00 Disclaimer and Welcome 00:00:19 SaaS to Hard Assets Shift 00:00:46 Mike Lazarow Wake Up Call 00:02:07 Agentic AI Explained 00:03:01 OpenClaw Breakthrough 00:04:10 Building Your Own AI Agent 00:06:57 SaaS Valuations Collapse 00:11:22 Three Real Estate Plays 00:11:28 Data Centers via REITs 00:13:12 Multifamily Bedrock Thesis 00:15:55 Migration Economy Tailwind 00:18:11 Hard Assets Win in Disruption 00:19:11 Five Takeaways for Investors 00:21:43 Closing Thoughts and Call to Action

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Welcome back to The Paul Morris Podcast, brought to you by Entrepreneur Media. Today I sit down with entrepreneur and investor Michael Lazerow to break down what it really takes to build companies that scale—from the early days of the internet to billion-dollar exits and the rise of AI. Michael shares the hard lessons behind launching golf.com, building and selling Buddy Media to Salesforce, and why timing, demand, and storytelling matter more than technology alone. If you’re building a business, investing in the future, or trying to understand where AI and entrepreneurship are headed next, this conversation is packed with practical insights you can use right now. *Michael Lazerow* Instagram: https://www.instagram.com/lazerow/ Website: https://kassandmike.com/ *Connect with Paul* Instagram: https://www.instagram.com/paulmarkmorris/ TikTok: https://www.tiktok.com/@itspaulmarkmorris YouTube: https://www.youtube.com/@paulmorrispodcast Facebook: https://www.facebook.com/paulmarkmorris

*Presented by Entrepreneur Media & Money News Network* Entrepreneur Media: https://www.entrepreneur.com/podcasts Money News Network: https://www.moneynewsnetwork.com Timestamps 00:00:00 Meet Mike and Cass 00:01:09 Marriage and the Book 00:03:52 Entrepreneurship Origins 00:05:51 Golfcom Domain Deal 00:07:48 Golfcom to Buddy Media 00:11:32 Timing and Tech Waves 00:14:39 Real Estate and Demand 00:22:09 Liquid Death and Go Gauge 00:38:17 Moats And Big Markets 00:39:47 Best Likely Vs Worst Likely 00:41:20 Demand Gen As Defense 00:43:53 Storytelling Wins Attention 00:46:39 Real Estate Returns Debate 00:54:14 Content Strategy For Realtors 01:05:26 Agentic AI And Local Brains 01:11:44 Fire Round And Farewell

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