I spent the first half of my career borrowing money. Then I became the bank. This show is what I learned in between.
The premise
The average savings account in this country pays about six tenths of one percent. The bank takes that money and lends it back out north of six. The gap between those two numbers is the entire banking business, and almost nobody has ever shown you the other side of it.
Real estate is the most accessible way I know to get on that side of the trade — without swinging a hammer or taking a tenant call at eleven at night.
Two ways, and I cover both
- Do the deal. Own the asset and let someone else run it — buy it, stabilize it, refinance into the hold.
- Fund the deal. Own the paper instead of the property — collect interest secured by a house you never have to visit.
The difference is not how much money you have. It is how much work you want to do.
What is in every episode
- The Number. What the bank pays this week against what real estate pays — and what you actually keep after tax.
- The Report. What money costs. Rates, spreads, and whether capital is available. Every figure sourced.
- From the Desk. What we are lending at and what is getting declined. The pattern, never the borrower.
- The Breakdown. One mechanic taught cold — notes and private lending, rentals and DSCR, owner finance, or the tax side.
Why listen to me on this
About 30 years in this business. Roughly $8 billion in transactions and around 2,000 properties — first as the investor writing the check, now as the founder and CEO of Ternus, a lender built for real estate investors.
That order matters. I was the borrower before I was the lender. And almost nobody else telling you what capital costs this week actually priced any of it — I did. Before all of it I was a Marine Corps intelligence analyst, which is where the habit of sourcing a number before repeating it comes from.
What changed
This ran as a co-hosted conversation show for 111 episodes. It is now a solo-anchored weekly briefing, with guests when they can teach you something specific instead of every week by default. Same feed, same people, tighter show.
Listen
New episode every Wednesday on Apple Podcasts, Spotify, or wherever you listen. Video and clips on YouTube.
Get the written version
The numbers land Thursday mornings with every source linked so you can check my work.
Remember, the business is the vehicle, not the dream.
Editorial only. Nothing here is legal, tax, or investment advice, and any loan terms discussed are subject to underwriting and verification.
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