In episode 2 of The Circle Investor Podcast, we sit down with David Powell - President and Senior Mortgage Officer at Powell Home Mortgage - as he describes his observations of the past two decades in the mortgage industry. He breaks down what the “Wild West” days of 2008 are like, how lending standards evolved after the 2008 crash, why housing affordability feels so impossible for younger generations, what’s driving the supply crunch, and how investors can get started with strategies like house hacking. The conversation gets into market cycles, Fishers/Carmel rental caps, builder trends, and David’s own predictions for whether we’ll ever see another housing crash.

EPISODE HIGHLIGHTS:

• David shares how he went from an IU journalism grad to stumbling into mortgages right out of college — and staying for 20 years.

• He explains unbelievable old practices in the mortgage industry. From 100% financing, stated-income loans, and almost little-to-none verification and how all of these changed after the housing crash of 2008.

• How today’s tight lending standards and required down payments make another massive housing collapse unlikely.

• The guys talk about why millennials and Gen Z struggle with homeownership despite paying high rent — and why builders keep pumping out large, expensive homes.

• He explains smart entry strategies for new investors: multifamily house hacking with low-down-payment loans, leveraging home equity, and the “rinse and repeat” method.

• Everyone discusses the new rental restrictions hitting Hamilton County and how they’ll reshape investor strategy and rental demand.

Make sure you’re locked in for next week’s episode! We’re keeping the momentum going with more insights, real stories, and strategies to help you build your real estate business. Hit subscribe, tap the notification bell, and don’t miss what’s coming next.

The Circle's Founder (Ryan Rominger) and Director of Operations (Stuart Smith) discuss what’s happening in the world of Real Estate Investing, Property Management, and running a small business based in Indianapolis. The show focuses on the Central Indiana real estate market, but also explores beyond the Hoosier state to gain intriguing insights in the world of business and real estate investing. We interview our favorite influential people from across Central Indiana (and beyond) to learn from the people having the biggest impact on our market.

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