Get in the Cashflow Game with K&K | A Podcast for Real Estate Investors, Lenders & Entrepreneurs

Krystle Simpson and Kenny Simpson
  • 5.0 (54)
  • Investing
  • Updated Weekly

From Property Management, Commercial Lending, Residential Lending, we have a lot of insights on life, and have met a lot of incredible people along the way. This Podcasts features Krystle Simpson, a commercial lender, along with Kenny Simpson, a residential lender. This Podcasts will feature a series of guests who have been influential along our way to success, currently and future wise on topics such as: Real Estate, Business, Personal, Lifestyle, including Fitness and Health. Our Podcast series, “Get in the Cashflow Game with K&K” can be found on iTunes and Spotify.

  1. 4d ago

    They're Paying 9% On Purpose

    Mortgage-holder equity hit a record $18 trillion in Q2 2026, with $11.7 trillion of it tappable. Homeowners pulled $205 billion last year — $116 billion through second liens alone, the largest second-lien volume since 2007. So why is anyone taking 8 or 9% money in a high-rate environment? Because the rate on the page is the least interesting number in the conversation. It's all relative. ⏱ CHAPTERS 0:00 - Nobody taking cash out is thinking about the rate 0:00 - $18 trillion in equity and why it's being tapped now 0:00 - "Why would I touch my 3% first?" (you wouldn't) 0:00 - When it DOES make sense to redo the first 0:00 - Every cash-out option: first, second, third 0:00 - Fourplex scenario: $500K second at 8.5% vs. combined DSCR 0:00 - HELOC vs. HELOAN — know which one you're getting 0:00 - Who's actually pulling cash right now, and why 0:00 - Commercial HELOCs 0:00 - 8-9% money and return on the other side 0:00 - Why sellers are selling (death, divorce, 1031, job moves) 0:00 - Rates, the 10-year, and being careful who you listen to 📋 IN THIS EPISODE - Cash-out first, cash-out second, and yes, third liens - HELOC (revolving, interest-only) vs. HELOAN (lump sum, P&I) - When combining first and second into one DSCR loan beats a standalone second - Non-QM paths: bank statement, P&L, asset depletion, DSCR - ADU builds, portfolio expansion, debt consolidation, business capital - Why the underwater number matters too — about 813,000 borrowers, up 44% year over year Sources: ICE Mortgage Monitor, August 2026 and March 2026 🏠 ABOUT THE BRIEF A weekly longform breakdown for California property owners and self-employed borrowers. New episode every week. Kenny Simpson | The Simpson Team | C2 Financial Corporation 20+ years, 5,000+ clients, billions funded. 1-4 unit financing — bank statement, DSCR, jumbo and ADU across CA, AZ, OR, FL and TN. 📞 Run your scenario: [CALENDLY LINK] 🏢 Commercial and 5+ units — Krystle at Pacific Shore Capital: [LINK] 🌐 [SITE]/the-brief/ DISCLAIMER: General information only. Not a commitment to lend, not investment, tax or financial advice. Rates, terms and qualification are subject to underwriting approval and market conditions. Any discussion of rate movement is opinion, not a forecast or guarantee. Kenny Simpson | C2 Financial Corporation | NMLS #310335 Equal Housing Opportunity. #CashOutRefinance #HELOC #DSCR #RealEstateInvesting

  2. Sep 16

    As of August 2026 Condo Financing Will Never Be The Same

    On August 3, 2026, Fannie Mae and Freddie Mac retired Limited Review. Everycondo loan in a project over 10 units now runs a Full Review of the HOA'sfinances. And on January 4, 2027, the minimum reserve allocation jumps from10% to 15%.You used to worry about whether YOU qualified. Now your condo has to qualify too.Source: Fannie Mae Lender Letter LL-2026-03⏱ CHAPTERS0:00 - 800 credit score, 20% down, denied0:00 - The two dates that matter0:00 - Limited Review is gone0:00 - Reserves: 10% to 15%0:00 - Why a reserve study isn't an escape hatch0:00 - Critical repairs and deferred maintenance0:00 - Special assessments: what lenders actually ask0:00 - Insurance (this one's brutal in California)0:00 - More paperwork, more delays0:00 - The good news nobody's talking about0:00 - If you already own a condo, watch this part0:00 - What to ask for before you're deep in escrow📋 IN THIS EPISODE Why Limited Review mattered — roughly 40% of all condo project reviews,What the 10% to 15% reserve change does to HOA budgets and your duesThe $10,000-per-unit critical repair threshold that makes a projectWhy a special assessment isn't automatically a denial — and what lendersWhat got EASIER: small projects under 10 units, and investor-heavyWhy current owners with a 3% mortgage should care about their exitThe documents to request before day 25 of escrow per the Community Associations Institute ineligible outright actually look at buildings now that the 50% concentration limit is retired🏠 ABOUT THE BRIEFA weekly longform breakdown for California property owners and self-employedborrowers. New episode every week.Kenny Simpson | The Simpson Team | C2 Financial Corporation20+ years, 5,000+ clients. Bank statement, DSCR, jumbo, ADU andnon-warrantable condo financing across CA, AZ, OR, FL and TN.📞 Condo under contract? Let's review the project first: [CALENDLY LINK]🌐 [SIMPSON TEAM SITE]/the-brief/DISCLAIMER: General information only. Not a commitment to lend, not legal orfinancial advice. Agency guidelines are subject to change — verify currentrequirements with your lender. Loan products, terms and qualification aresubject to underwriting approval.Kenny Simpson | C2 Financial Corporation | NMLS #310335Equal Housing Opportunity.#CondoFinancing #FannieMae #RealEstate #SanDiegoRealEstate

  3. Sep 9

    Why California Homeowners Are Not Ready for This El Niño

    NOAA's Climate Prediction Center now gives a 69% chance that this El Niñois the strongest since 1950 — and California property owners have about60 days to get ahead of it. I'm not a meteorologist. I'm a property ownerwho has managed over 1,000 units, and this is the exact checklist I'mrunning on my own properties before the first atmospheric river hits.The biggest threat to your property isn't El Niño. It's water goingsomewhere your property wasn't designed to handle.⏱ CHAPTERS0:00 - Why I'm making this in September, not December0:00 - What El Niño actually means (60 seconds)0:00 - The 1997-98 vs 2015-16 problem0:00 - Roof and gutters0:00 - Why the fifth storm is the dangerous one0:00 - Drainage and grading0:00 - Trees and retaining walls0:00 - The insurance conversation most owners get wrong0:00 - What to do this week📋 WHAT'S IN THIS VIDEO- What a very strong El Niño historically does to California rainfall- Why saturated ground makes later storms worse than the first- The contractor bottleneck that hits the week after the first big storm- Why standard homeowners insurance generally excludes flood- The four water scenarios to ask your insurance agent about by name: flood, mudflow/landslide, sewer backup, and water intrusion through the roof- The walk-your-property exercise I want you to do this weekend⚠️ ON FLOOD INSURANCENFIP flood policies generally carry a 30-day waiting period beforecoverage takes effect. Private flood carriers vary. Either way, buyingcoverage with a storm already offshore does not work. Confirm your ownpolicy terms with your insurance agent.🏠 ABOUT MEKenny Simpson - The Simpson Team | C2 Financial Corporation20+ years in mortgage, 5,000+ clients. I finance self-employed andhigh-net-worth borrowers in California, Arizona, Oregon, Florida andTennessee — bank statement, DSCR, jumbo and ADU. I also own and operatea four-unit short-term rental compound in La Jolla Shores, which is whyI'm running this checklist myself.📞 Talk to me about financing: 🌐 simpson-team.com📱 SUBSCRIBE for straight answers on financing property in California.DISCLAIMER: This video is general property maintenance and preparednessinformation based on my personal experience as a property owner. I am alicensed mortgage loan originator, not an insurance agent, contractor,engineer or meteorologist. Nothing here is insurance advice, a coveragerecommendation, or a guarantee of any weather outcome. Consult your ownlicensed insurance agent, contractor and qualified professionals aboutyour specific property. Forecast figures cited are from NOAA's ClimatePrediction Center as of August 2026 and are subject to change.Kenny Simpson | C2 Financial Corporation | NMLS #310335Equal Housing Opportunity.#ElNino2026 #CaliforniaRealEstate #SanDiegoRealEstate #PropertyManagement

  4. Sep 2

    The Government Got Inflation Wrong

    What if inflation has been running lower than the number the Federal Reserve has been watching? Recent research and upcoming methodology changes suggest that certain categories within the PCE inflation measure may have been overstating inflation. And that matters because PCE is one of the key inflation measures the Federal Reserve watches when making decisions about interest rates. In this week’s The Brief, Kenny Simpson breaks down: • Why the inflation number may be overstated• The difference between PCE and CPI• What categories are creating the discrepancy• How portfolio management fees are being measured• How software and other services can affect the inflation calculation• What changes are being made to the methodology• How much core PCE could potentially change• Why this matters to the Federal Reserve• What it could mean for mortgage rates and interest rates Kenny discusses research from the Cleveland Fed, San Francisco Fed, Federal Reserve Board staff and others that has examined these measurement issues. But does this mean the Fed is suddenly going to start cutting rates? Not necessarily. There are still major factors affecting the rate outlook, including geopolitical uncertainty, the labor market, consumer spending, inflation and broader economic conditions. The bigger question is this: If inflation has been overstated, have interest rates been higher than they needed to be? Watch the full episode for Kenny’s breakdown.

  5. Aug 26

    Trump Wants Lower Rates. So Why Aren’t They Falling?

    Why are mortgage rates still so high in 2026, even as President Trump pushes for lower interest rates? That’s the question a lot of buyers, homeowners, investors, and real estate professionals are asking right now. In this week’s The Brief, Kenny Simpson breaks down what’s actually keeping mortgage rates elevated and why the answer goes far beyond who is sitting in the White House. We cover: • Why Trump wants interest rates lower• Why presidents don't directly control mortgage rates• How the Iran conflict is affecting markets and inflation expectations• The impact of tariffs on rates• What the latest jobs and consumer numbers are telling us• Why slowing wage growth matters for inflation• What Kevin Warsh and Scott Bessent can actually do• Why mortgage rates could have room to fall• What needs to happen before we see meaningful rate relief Kenny’s view is that the underlying economic picture isn't particularly strong: the jobs market is struggling, the consumer is slowing, GDP is lukewarm, and inflation has not risen as much as feared. But continued uncertainty surrounding Iran is making it harder for markets and policymakers to move toward lower rates. There is some good news. Kenny explains that the spread between the 10-year Treasury and 30-year fixed mortgage rate has narrowed significantly. In his view, without that improvement, mortgage rates could currently be substantially higher. So when will mortgage rates finally come down? Watch the full episode for Kenny’s take on what needs to happen next.

  6. Aug 19

    7 ADU Mistakes That Could Cost You Thousands

    Thinking about building an ADU? There are some expensive mistakes you need to understand before you start construction. After funding more than 100 deals involving ADUs, Kenny Simpson has seen what can go wrong, from appraisals and construction costs to refinancing problems and properties that don't produce the value owners expected. In this week's The Brief, Kenny breaks down 7 ADU landmines every homeowner and real estate investor should understand: 1. What are you actually building?Do the comps and rents support your plan? 2. What will it really cost?Spending $350,000 doesn't automatically add $350,000 in property value. 3. The appraisalADUs can be difficult to value, and the wrong appraisal can create major problems. 4. Your takeout loanDon't assume you'll automatically be able to refinance and pull your construction money back out. 5. Selling the propertyThe market may not value your finished project the way you expected. 6. Qualifying for financingDSCR, residential and commercial lenders can treat these properties very differently. 7. Your teamThe lender, loan officer, appraiser, agent, and other professionals you work with can make or break a complex ADU project. The biggest takeaway: do the research before you build. Understand the potential value, rents, appraisal, financing, refinance strategy, and exit plan before committing hundreds of thousands of dollars to an ADU project.

  7. Aug 12

    Fed Rate Hikes May Be Over: Here’s Why

    The Federal Reserve may be running out of reasons to raise interest rates in 2026. The latest jobs report came in far weaker than expected, previous months were revised lower, and wage growth has slowed. At the same time, inflation isn't showing the kind of spike that would make another Fed rate hike easy to justify. In this week's The Brief, Kenny Simpson breaks down: • Why the latest jobs report matters• Why wage growth may be the number everyone is overlooking• What slowing wages mean for inflation• Rising auto, credit card, and student loan debt• Why consumer stress matters to the Fed• Why Fed rate hikes could be off the table• What would need to happen for rate cuts• What this could mean for mortgage rates and real estate Kenny's key point: if wage growth continues falling, the job market stays weak, consumers slow down, and inflation doesn't spike, it becomes increasingly difficult for the Fed to justify raising rates.

  8. Jul 29

    Big News: We're Now Licensed in More States

    Big news! We've officially expanded into more states, allowing us to help even more buyers, homeowners, investors, and self-employed borrowers with their mortgage financing. In this week's Brief, Kenny Simpson shares: The new states we're licensed in Why being a mortgage broker gives clients more options How access to over 100 lenders helps find better loan solutions Why experience matters in today's market How we've invested in technology, AI, and client communication to deliver a better mortgage experience Why referrals continue to be the biggest part of our business Whether you're buying your first home, refinancing, investing, or you're self-employed, we're here to help.

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About

From Property Management, Commercial Lending, Residential Lending, we have a lot of insights on life, and have met a lot of incredible people along the way. This Podcasts features Krystle Simpson, a commercial lender, along with Kenny Simpson, a residential lender. This Podcasts will feature a series of guests who have been influential along our way to success, currently and future wise on topics such as: Real Estate, Business, Personal, Lifestyle, including Fitness and Health. Our Podcast series, “Get in the Cashflow Game with K&K” can be found on iTunes and Spotify.

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