The On The Rise Podcast

Jeremy Dyer & Nick Stromwall
  • 4.9 (28)
  • Investing
  • Updated Daily

Hello and welcome to The On The Rise Podcast! We created this podcast to educate you on passive investing in real estate whether that's active or passive investments, residential single family homes or commercial apartment buildings. Our goal is to provide clarity, insight, and practical guidance as you work toward growing your wealth, expanding your real estate portfolio, and continuing your journey upward. This is where investors come to learn, take action, and stay on the rise.

  1. 22h ago ·  Bonus

    Why We Keep Buying Apartments When Others Are Quitting - Bonus Episode With Zach Haptonstall

    Why would a multifamily operator keep buying apartments while so many peers are handing properties back to lenders? In this sit-down, Rise48 Equity Capital Formation Manager Jason Kish asks CEO Zach Haptonstall how the firm has kept operating through what Zach calls "multifamily purgatory," and why Rise48 keeps acquiring in the Sunbelt. Zach starts with the factor he believes matters most: the team. Many sponsors bought at the end of 2021 and in early 2022, right before interest rates spiked, and since then it has often made more economic sense for them to give deals back. Zach explains why Rise48 chose to keep fighting to protect investor capital instead. He also explains why the firm sees itself as having a 50-year runway rather than being in the business of quick flips. From there, the conversation turns to acquisitions. Zach points to the familiar investing idea that the best opportunities show up when others are fearful. He explains how Rise48 is finding deals priced below some sellers' loan amounts, with a strong basis and attractive cap rates. Rather than trying to predict interest rates, the team focuses on what it can measure: the new construction pipeline. Zach walks through why supply data points to potential tailwinds for multifamily from 2027 through 2031. He also acknowledges that good deals are still hard to find in today's capital markets. Jason and Zach also dig into Sunbelt migration. Is the movement of people out of California, New York, Illinois, and Washington a real driver for markets like Arizona, Texas, and the Carolinas, or just a headline? Zach breaks down how net in-migration, corporate relocations, and business-friendly policy connect to job growth, population growth, and apartment demand. They touch on major projects like TSMC in Arizona and the rise of Dallas-Fort Worth as a corporate hub. Zach also explains why Rise48 stays politically agnostic while watching how legislation shapes where people and jobs go. Whether you are an accredited investor researching multifamily syndications, a passive investor evaluating sponsors, or someone following the real estate market, this conversation offers a direct look at how one Sunbelt operator is approaching the current cycle. In this video: How Rise48 has kept operating through the multifamily downturn Why some sponsors are giving properties back to lenders Why Rise48 keeps acquiring apartments in this market What the construction pipeline suggests for 2027 through 2031 Whether Sunbelt migration really affects multifamily performance How corporate relocations and policy drive job and population growth Interested in investing in multifamily with Rise48 Equity? Visit rise48equity.com or email Jason directly at jason@rise48equity.com. Subscribe for more real estate market updates, interest rate breakdowns, and investing insights from the Rise48 Equity team, including The Rise Report with Zach Haptonstall. This video is for informational purposes only and is not investment advice. 0:00 Introduction 0:10 Operating Through the Downturn 1:14 Why Operators Give Properties Back 2:01 Why Rise48 Keeps Buying 2:44 The Supply Pipeline and 2027 Tailwinds 3:06 Is Sunbelt Migration Real? 4:31 Corporations Leaving Delaware 4:58 Mega Projects in Arizona and Texas 5:15 How Policy Moves Jobs and People 6:10 How to Invest with Rise48

    Why We Keep Buying Apartments When Others Are Quitting - Bonus Episode With Zach Haptonstall

  2. 2d ago

    Investing That Makes the World Rejoice

    On this episode of the On The Rise Podcast's Faith Driven Leaders series, host Nick Stromwall talks with Wes Lyons of Eagle Venture Fund, who leads the firm's counter-trafficking vertical. A missionary kid turned Naval Academy rower and naval aviator, Wes shares the 2018 mission in the Philippines that convinced him evil is structural and worth fighting. He explains what impact investing actually is, why he separates the "root" of investing from its "fruit," and how portfolio companies get paid to deliver the change they want to see — including one funded by money seized from traffickers. (Note: discusses human trafficking.) KEY TAKEAWAYS Intentional community doesn't happen by accident. Wes's decade-long mastermind of five financial advisors started because one man went hunting for people who shared his heart. They meet monthly, adventure annually, and press each other on whether their calendars and bank accounts match their stated values. An unconventional path into finance. Raised homeschooled in a missionary family, Wes was recruited to row at the Naval Academy — largely to escape what he feared would be "a slow death in suburbia." He and his wife flew P-3s for nearly a decade. Impact investing, defined simply. Investing for a financial return and a measurable change in the world. For Wes's vertical, success is measured in both investor gain and children rescued or traffickers arrested. Venture capital started as a search for non-correlated returns. After 2008, when "the entire screen turned red at the same time," Wes hunted for assets that wouldn't move with the Fed — which led him to early-stage founders solving enormous problems profitably. Separate the root from the fruit. If asked why he married his wife, answering "to get four blue-eyed boys" would be an awkward pause — that's the fruit, not the root. Financial performance is investing's most obvious fruit, not its purpose. The Philippines made evil concrete. Supporting Filipino forces against ISIS, Wes was tasked to find children being used in combat. He didn't find them that day. The experience replaced a vague theology with a conviction that structural evil exists and is worth fighting. Entrepreneurs keep expanding what's possible. One portfolio company builds case packages for law enforcement and shares in assets seized from trafficking networks — traffickers funding their own demise. Another helps homeless people off the street, paid by hospitals that spend roughly $8,000 a month per homeless person nearby. Bolt-on vs. direct impact. Rather than bolting philanthropy onto a business, Eagle backs companies paid to create the change, so revenue and impact are directly correlated. For any leader, Wes points to three dimensions: the redemptiveness of the work itself, the effect on employees, and what you do with the profits — a great plumber included. LINKS eagleventurefund.com LinkedIn: Eagle Venture Fund

    Investing That Makes the World Rejoice

  3. 4d ago

    The Asset Class Nobody Brags About With Nathan Jameson

    On this episode of the On The Rise Podcast, host Jeremy Dyer talks with Nathan Jameson, who scaled a homebuilding company from $30 million to $160 million before moving into manufactured housing. Now on his third fund, Nathan explains why mobile home communities stay uncorrelated to economic cycles, how cost segregation makes returns largely tax-deferred, and why supply keeps shrinking as demand climbs. He breaks down the three tiers of the asset class, where real value-add comes from, and what new federal legislation could mean for financing. A first-of-its-kind conversation for the show. From homebuilding through the Great Recession. Nathan turned down a Lehman Brothers offer for the "tangible built environment," then spent 15 years building one of the country's largest privately owned homebuilders — and living through a downturn most younger operators haven't. Manufactured housing is uncorrelated to the economy. After a career in cyclical homebuilding, Nathan chose an asset class that holds up either direction. He sees manufactured housing and self-storage as the only two effectively uncorrelated to economic growth and decline. The tax treatment was an unexpected win. Most of the acquisition isn't land — it's land improvements like roads, water, and sewer. With cost segregation, those losses can make an investor's position effectively tax-deferred for years. Supply is shrinking while demand grows. Aging owners sell to buyers who redevelop into data centers, warehouses, or apartments, so national supply keeps falling. Regulation makes new development financially infeasible, and Nathan can't name another asset class with that dynamic. Contrarian by design. "If an investment is something somebody wants to talk about at a cocktail party, I'm probably not interested." Stigma, to Nathan, signals mispricing. There are three tiers — and they target the middle. The bottom tier is the stigmatized trailer park, where raising rents to market "totals the homes." The top is nearly indistinguishable from site-built housing. Nathan's funds work the middle, where value can be added and harvested. Value-add starts with infrastructure, then infill. First: deferred maintenance, utilities, and paving. Then: bringing in new homes and selling them to residents who rent the land. Well-maintained communities build equity for residents, not just owners. Cash flow is a J-curve, and the industry is maturing. Going-in cash-on-cash can start below a Treasury yield before growing to roughly 8–12% through rent increases and infill. Meanwhile institutional capital is compressing cap rates, much as apartments matured decades ago. Website: https://arxcapital.com/ Email: nathan@arxcapital.com 00:00 Introduction 00:58 From Lehman Offer to Homebuilding 04:19 Why Manufactured Housing? 04:59 The Depreciation Advantage 07:10 Shrinking Supply, Rising Demand 09:46 The Three Tiers of Manufactured Housing 12:16 Where the Value-Add Comes From 14:48 Cash Flow in Today's Market 16:51 New Legislation and the Chassis Rule 18:54 The Cycle and the Institutional Future

    The Asset Class Nobody Brags About With Nathan Jameson

  4. Sep 24

    Building A Wellness First Real Estate Project

    William Walker, a Nashville-based real estate developer, licensed general contractor, and CPA, shares how he went from underwriting large multifamily transactions at Ernst and Young to acquiring more than 1,500 apartment units, exiting that portfolio, and now developing a luxury wellness condo project on Music Row. The conversation covers faith in the workplace, leadership in a fast-growing real estate business, and what it looks like to make decisions with both conviction and discipline.We discuss how William built his career by combining technical analysis, deal-making instincts, and a willingness to take massive action. He also shares how Scripture, prayer, and intentional leadership shape the way he works and what he wants his life and business to stand for. Key topics William’s path from CPA to developerHe started at Ernst and Young in transaction real estate, where he learned underwriting, diligence, valuation, and deal analysis by working on large commercial real estate transactions.How the SMR project was conceivedWilliam explains that SMR is an 18-unit luxury wellness condo in Nashville designed around convenience, privacy, and longevity-focused living.Faith as a foundation, not a sloganWilliam says faith has always been a North Star and moral compass, even when he has not always lived it perfectly.Putting Scripture into the foundation of a buildingHe shares how he had four Scriptures engraved on steel plates and poured into the concrete corners of a development’s foundation.Practical ways he lives out faith at workHe had a pastor pray over a groundbreaking ceremony.Leadership during rapid portfolio growthWilliam reflects on acquiring 13 assets and more than 1,500 units in a little over 16 months.Why he sold the apartment portfolio in 2021He expected to buy and hold forever, but investor expectations, strong offers, and signs of market overheating changed the calculusConnect with William Linkedin: https://www.linkedin.com/in/williamwalker1/ Website: https://www.walkstarco.com/

    Building A Wellness First Real Estate Project

  5. Sep 22

    What to do When the Bank Says No With Ryan Hermansky

    On this episode of the On The Rise Podcast, host Jeremy Dyer talks with Ryan Hermansky, president and co-founder of Private Money Funding, a Scottsdale-based private lender that has deployed over $42 million in commercial real estate. Ryan explains why banks avoid commercial and land deals, how private lenders move in weeks instead of months, and what "first lien position" and loan-to-value really mean for investor safety. He walks through the firm's conservative underwriting ("would we want to own this property?"), how portfolio-level protection keeps investor distributions flowing, and the investor-pool side of the business — a 9%, liquid, no-lockup vehicle that also works with IRA and pension money. A clear primer on private credit.

    What to do When the Bank Says No With Ryan Hermansky

  6. Sep 17

    Let Peace Be Your Umpire - Faith-Driven Leaders With Mitchell Morgan

    On this episode of the On The Rise Podcast's Faith Driven Leaders series, host Nick Stromwall talks with Mitchell "Mitt" Morgan — entrepreneur, fund manager, and self-described financial architect who has structured over $1 billion in equity and debt. Mitt shares how he cut his teeth building capital stacks in a mentor's "war room," why he went out on his own in 2009, and how he recently shifted from structuring deals to becoming a "curator of good sponsors." Along the way he weaves in 30+ years of marriage and parenting wisdom — learning to "tell on yourself," serving without an ulterior motive, letting "peace be your umpire" in decisions, and prizing "influence over obedience." A rich conversation on stewardship, trust, and faith.

  7. Sep 15

    What Investing in AI Really Means With Eric Chu

    On this episode of the On The Rise Podcast, host Jeremy Dyer talks with Eric Chu, co-founder of Trade Desk Securities and a 20-year veteran of Wall Street and digital infrastructure. In the show's first deep dive on AI, Eric explains what people are actually buying when they "invest in AI" — the software layer of large language models versus the data centers and infrastructure that power all of it. He breaks down why AI's exploding power demand is driving interest in nuclear energy, whether AI mirrors the 1990s internet, what it really takes to build an AI-ready data center, and how AI is changing investing itself. Plus practical advice for individual investors on horizon and discipline.

    What Investing in AI Really Means With Eric Chu

  8. Sep 10

    It Was Never About the Property - Faith-Driven Leaders With Matt Star

    On this episode of the On The Rise Podcast's Faith Driven Leaders series, host Nick Stromwall talks with Matt Star — real estate investor, creative-finance educator, and founder of the Telos multifamily mastermind. Matt shares a remarkable testimony: from an immigrant kid told by his doctor he'd die of obesity, to losing 125 pounds, to letting arrogance and a transactional mindset cost him everything and leave him homeless. Anchored in a new faith, he built 130 single-family deals, pivoted to multifamily (now 370 doors), and found his footing by serving others in the Sub To community. Matt unpacks what investors really trust him with, why the best deals are the ones you don't do, and how to run a business as an act of worship.

    It Was Never About the Property - Faith-Driven Leaders With Matt Star
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About

Hello and welcome to The On The Rise Podcast! We created this podcast to educate you on passive investing in real estate whether that's active or passive investments, residential single family homes or commercial apartment buildings. Our goal is to provide clarity, insight, and practical guidance as you work toward growing your wealth, expanding your real estate portfolio, and continuing your journey upward. This is where investors come to learn, take action, and stay on the rise.

Information

  • Creator
    Jeremy Dyer & Nick Stromwall
  • Years Active
    2022 - 2026
  • Episodes
    302
  • Rating
    Clean
  • Copyright
    © 2026 Jeremy Dyer & Nick Stromwall
  • Show Website
    The On The Rise Podcast

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