On this week’s episode, Kent is joined by Gene Trowbridge. Gene, a veteran securities attorney and former syndicator, breaks down potential SEC and Congressional changes to accredited investor rules, including proposals to exclude retirement accounts from net worth calculations, raise income and net worth thresholds, or introduce a qualifying exam. They also explore the debate over allowing 401k funds into alternative investments, the regulatory gray area around finders and referral compensation, and the ongoing tension between capital formation and investor protection. Gene closes by sharing practical advice for both sponsors and passive investors, emphasizing track record, continuity planning, skin in the game, and preparing for risks like rising interest rates and market downturns

Where to find Gene:

• https://www.facebook.com/gene.trowbridge.1
• https://www.youtube.com/@tnllp
• https://www.instagram.com/trowbridgelawgroup/
• https://x.com/law_trowbridge
• https://www.linkedin.com/company/trowbridge-law-group-llp

Key Takeaways

● Accredited investor rules may change. Retirement accounts could be excluded from net worth. Income and net worth thresholds may also increase.

● The SEC is balancing capital formation with investor protection. More access to deals means more potential risk.

● Congress is considering allowing 401k funds into alternative investments. Employer liability is a major concern.

● Finder rules are still unclear. Getting paid to raise money without being a broker-dealer remains risky.

● Investors should vet sponsors carefully. Look for track record, continuity, sponsor capital invested, and clear liquidity terms.

Check us out on socials:

Instagram

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Youtube

https://hudsoninvesting.com/

Production by Outlier Audio

On this week’s episode, Kent is joined by Eddie Speed. Eddie shares how note investing allows individuals to step into the role of the bank, generating strong cash flow backed by real estate while avoiding the headaches of being a landlord. He explains why today’s market conditions, including tighter underwriting and compressed rental margins, have created a major opportunity to serve creditworthy borrowers who do not fit traditional lending boxes. The conversation dives into risk management, loan servicing, and how investors can build scalable, time-efficient income by owning debt instead of property.

Where to find Eddie:

● https://noteschool.com/

Key Takeaways

● Note investing allows individuals to act as the bank, earning consistent interest income backed by real estate instead of relying on rental cash flow and appreciation.

● Current market conditions, including inflation and tighter underwriting standards, have created a large underserved borrower segment that private note investors can serve.

● Strong risk management comes from buying notes at a discount to the property’s value, creating an equity cushion that protects the investor.

● Loan servicers handle payment collection, compliance, taxes, and insurance monitoring, making note investing significantly more passive than managing rental properties.

● Note investing can complement traditional real estate strategies by providing scalable, time-efficient cash flow while reducing operational headaches.

Check us out on socials:

Instagram

LinkedIn

Youtube

https://hudsoninvesting.com/

Production by Outlier Audio

On this week’s episode, Kent is joined by Dwight Dunton. Dwight shares how he built Bonaventure from a single 378-unit acquisition at age 25 into a vertically integrated platform with billions in assets by prioritizing discipline, risk management, and long-term thinking. He explains why fixed-rate debt, conservative leverage, and true sponsor alignment are critical to surviving downturns and compounding wealth over decades. The conversation also explores vertical integration, tax-efficient strategies, and how demographic tailwinds like senior housing and generational wealth transitions are shaping the firm’s next chapter.

Where to find Dwight:

https://www.linkedin.com/company/bonaventure/

www.bonaventure.com

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

Key Takeaways

● Long-term wealth is built by avoiding permanent capital loss, not by chasing short-term returns or high leverage.

● Fixed-rate, long-duration debt acts as protective armor during downturns, allowing operators to focus on performance instead of fighting lenders.

● True alignment means sponsors invest significant personal capital alongside investors and structure deals with consistent incentives.

● Vertical integration should only be built when it improves outcomes, reduces volatility, or enhances resident experience.

● Secular tailwinds such as aging demographics and tax-efficient 1031 strategies create durable opportunities that extend beyond typical market cycles.

Check us out on socials:

Instagram

LinkedIn

Youtube

https://hudsoninvesting.com/

Production by Outlier Audio