The Paul Morris Podcast

Paul Morris and Josh Spitzen interview real estate entrepreneur Daryl Owen, who describes being inspired at 14 to buy investment property, then purchasing his first rental at 19 while working at Papa John’s, struggling to rent it, and selling it two years later for a modest gain that pushed him into getting his real estate license. He shares lessons from buying an expensive personal home before 2008, losing money, and rebuilding by living below his means, then getting hooked on flipping after a first profitable deal and doing hundreds more. Daryl discusses mistakes (including permit issues), choosing between selling “home runs” and holding, using strategies like 1031 exchanges and cost segregation, and his current portfolio (~$10M holdings, ~$4.2K/month net cash flow). He emphasizes sourcing off-market deals via high-volume outreach, deciding quickly, and advising investors to stop waiting for perfection, buy decent deals, and hold long term, with future focus on multifamily value-add and ADUs.

*Daryl Owen*
Instagram: https://www.instagram.com/darylrowen/
Website: https://www.zillow.com/profile/Daryl%20Owen

*Josh Spitzen*
Instagram: https://www.instagram.com/spitzenjosh/
Website: https://forwardone.com/agents/josh-spitzen/

*Connect with Paul*
Instagram: https://www.instagram.com/paulmarkmorris/
TikTok: https://www.tiktok.com/@itspaulmarkmorris
YouTube: https://www.youtube.com/@paulmorrispodcast
Facebook: https://www.facebook.com/paulmarkmorris

*Presented by Entrepreneur Media & Money News Network*
Entrepreneur Media: https://www.entrepreneur.com/podcasts
Money News Network: https://www.moneynewsnetwork.com

Timestamps
00:00:00 Podcast Welcome
00:00:39 Real Estate Spark
00:01:58 First Rental Lessons
00:04:17 Get In The Game
00:05:28 Ego And Lifestyle Trap
00:06:18 Rebuilding After 2008
00:08:02 First Flip Breakthrough
00:09:48 Scaling Holds And Mistakes
00:11:31 Big Exits And Regrets
00:15:08 Deal Sourcing Playbook
00:17:43 Buy Now Hold Forever
00:19:14 Fourplex Deal Regrets
00:20:31 Renovation And Big Offer
00:22:01 Healthy Profit And 1031
00:23:16 Value Add Cap Rate Math
00:25:15 Rebuilding After Divorce
00:26:35 Multifamily And ADU Strategy
00:29:51 Income To Assets Mindset
00:31:35 Entry Level Rental Moat
00:36:20 Buy Buckets And Flips
00:37:38 Deal Sourcing With Team
00:38:53 Get In The Game Advice
00:39:25 Top Of The List Rules
00:40:57 Long Beach 24 Unit Close
00:41:42 Final Thanks And Wrap
Learn more about your ad choices. Visit megaphone.fm/adchoices

Paul Mark Morris argues the housing market is not heading for a 2026 crash, pointing to existing home sales rising 3.2% in May to a 4.17M annual pace (highest since December), with gains across most regions and first-time buyers at 35%, while prices keep climbing due to tight supply (about 4.5 months) and improved affordability (index 105.6). He explains mortgage rates remain stable around 6.5% despite expectations the Fed won’t cut in July, and highlights a surprising divergence: despite US-Iran strikes near the Strait of Hormuz, oil and gas prices are falling, easing inflation pressure. He also breaks down the proposed 21st Century Road to Housing Act, which would cap large institutional investors (350+ homes) from buying more single-family homes, potentially reducing competition for small investors, and outlines regional shifts with Sun Belt cooling and Midwest/Northeast strengthening.

*Connect with Paul*
Instagram: https://www.instagram.com/paulmarkmorris/
TikTok: https://www.tiktok.com/@itspaulmarkmorris
YouTube: https://www.youtube.com/@paulmorrispodcast
Facebook: https://www.facebook.com/paulmarkmorris

*Presented by Entrepreneur Media & Money News Network*
Entrepreneur Media: https://www.entrepreneur.com/podcasts
Money News Network: https://www.moneynewsnetwork.com

Timestamps
00:00:00 War Headlines Divergence
00:00:48 Show Intro Disclaimers
00:01:42 No 2026 Housing Crash
00:02:20 Sales Demand Rebound
00:04:49 Prices Supply Affordability
00:10:30 Mortgage Rates Reality
00:12:43 Fed Cuts And Mortgages
00:14:43 War Oil Gas Twist
00:18:38 Investor Cap Housing Bill
00:23:54 Hottest Coldest Markets
00:29:03 Luxury Market Signal
00:32:01 Three Moves Next 90
00:35:06 Wrap Up/Disclaimer
Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Paul Morris Podcast, brought to you by Entrepreneur Media.

In this State of the Market episode, I break down why the housing crash so many people are waiting for still is not showing up in the data. Existing home sales just hit a five-month high, prices are still rising year over year, inventory remains far from crash territory, and first-time buyers are back in the market.

I also walk through the bigger forces shaping real estate right now: mortgage rates, inflation, gas prices, the Fed, the war’s impact on oil, and why global headlines can quietly affect your monthly payment. But the biggest lesson is that national data only gets you so far. Your real edge as a buyer or investor comes from knowing your local market, your submarket, and even your street better than anyone else.

I talk about why waiting for the perfect moment can cost you, why you should underwrite deals at today’s rates instead of betting on a refinance, and how buyers may still have a window to negotiate before the crowd comes back in. If you want to understand what is actually happening in the market without the hype, this episode is for you.

*Connect with Paul*Instagram: https://www.instagram.com/paulmarkmorris/TikTok: https://www.tiktok.com/@itspaulmarkmorrisYouTube: https://www.youtube.com/@paulmorrispodcastFacebook: https://www.facebook.com/paulmarkmorris 

*Presented by Entrepreneur Media & Money News Network*Entrepreneur Media: https://www.entrepreneur.com/podcastsMoney News Network: https://www.moneynewsnetwork.com

Timestamps

00:00:00 State of the Market Intro

00:00:47 Crash in 2026 No

00:00:58 Sales Surge Despite Chaos

00:01:53 Inventory and Supply Explained

00:02:56 First Time Buyers Return

00:04:28 Forecasts and Local Reality

00:05:52 Hot and Cold Metro Swings

00:08:19 Micro Markets Matter Most

00:10:35 Is Now a Good Time

00:11:12 Buyer Leverage and Waiting Cost

00:13:10 Local Edge and ADUs

00:15:19 Mortgage Rates in 2026

00:16:12 Oil to Rates Chain

00:18:39 Fed Shift and Warsh

00:21:34 War Peace Gas and Action Plan
Learn more about your ad choices. Visit megaphone.fm/adchoices

Paul Mark Morris explains a major shift away from SaaS as agentic AI becomes accessible to non-programmers, citing his own use of OpenClaw to run task-completing AI agents and the implication that tools like CRMs can be built quickly without traditional development teams. He connects this disruption to falling SaaS valuations, highlighting Salesforce’s drop from $337B to $179B by March 2026 despite rising revenue, and argues markets are pricing in a broken seat-based SaaS model. Morris describes a rotation toward hard assets, prompted by a conversation with nine-figure entrepreneur Mike Lazarow (who sold a company to Salesforce for $785M), and outlines three real estate plays: data centers (via REITs like Equinix and Digital Realty), multifamily amid shrinking supply and a 2026 debt-maturity-driven distress window, and secondary-market residential growth driven by AI-enabled migration.

Timestamps
00:00:00 Disclaimer and Welcome
00:00:19 SaaS to Hard Assets Shift
00:00:46 Mike Lazarow Wake Up Call
00:02:07 Agentic AI Explained
00:03:01 OpenClaw Breakthrough
00:04:10 Building Your Own AI Agent
00:06:57 SaaS Valuations Collapse
00:11:22 Three Real Estate Plays
00:11:28 Data Centers via REITs
00:13:12 Multifamily Bedrock Thesis
00:15:55 Migration Economy Tailwind
00:18:11 Hard Assets Win in Disruption
00:19:11 Five Takeaways for Investors
00:21:43 Closing Thoughts and Call to Action
Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Paul Morris Podcast, brought to you by Entrepreneur Media. Today I’m breaking down a massive shift happening right now—how AI is rapidly dismantling traditional SaaS models and why that’s forcing a major rotation of capital into real, physical assets. After a recent conversation with a nine-figure internet entrepreneur, it became clear to me that the smartest investors aren’t doubling down on software—they’re moving into real estate, infrastructure, and opportunities tied to the physical world. In this episode, I walk you through exactly what’s changing, where the money is going, and how you can position yourself to take advantage of it.

*Connect with Paul*
Instagram: https://www.instagram.com/paulmarkmorris/
TikTok: https://www.tiktok.com/@itspaulmarkmorris
YouTube: https://www.youtube.com/@paulmorrispodcast
Facebook: https://www.facebook.com/paulmarkmorris

*Presented by Entrepreneur Media & Money News Network*
Entrepreneur Media: https://www.entrepreneur.com/podcasts
Money News Network: https://www.moneynewsnetwork.com

Timestamps
00:00:00 Disclaimer and Liability
00:00:14 Podcast Welcome and Topic
00:00:46 Nine Figure Founder Shift
00:02:38 Agentic AI Emerges
00:03:24 What Agentic AI Does
00:05:22 OpenClaw Origin Story
00:06:58 Why Mac Minis Vanished
00:07:24 Building My First Agent
00:09:34 SaaS and CRM Disruption
00:11:02 Salesforce Value Collapse
00:12:21 Where Capital Rotates
00:14:41 Play One Data Centers
00:16:32 Play Two Multifamily Setup
00:19:15 Play Three Migration Economy
00:22:31 Five Takeaways and Wrap
Learn more about your ad choices. Visit megaphone.fm/adchoices