DEVON KENNARD
$36M+
CAPITAL LENT
INVESTOR. PRIVATE LENDER. AUTHOR.
I LEND, INVEST, AND WRITE ABOUT HOW CAPITAL ACTUALLY WORKS
I have deployed $36M+ into real estate and private lending since 2014. I run 42 Solutions, an Arizona private lending company, and the 42 Income Fund. Every week I write The Capital Edge — my thinking on investing, business, and capital allocation, free.
JOIN 2,000+ SUBSCRIBERS. FREE, EVERY WEEK
88+
LOANS FUNDED
50+
PROPERTIES PURCHASED
50+
LP SYNDICATIONS
2000+
SUBSCRIBERS
2014
SINCE
WHAT I'm building
TWO BUSINESSES. ONE CREDIT BOX
42 Solutions makes the loans. The 42 Income Fund is how accredited investors participate in them. Same underwriting, two sides of the same transaction.
The 42 Income Fund is available to accredited investors only. Nothing on this page is an offer to sell or a solicitation of an offer to buy any security. Any offering is made only through the fund's offering documents.
THE CAPITAL EDGE
THE LETTER I WISH I HAD STARTING OUT
01
HOW I UNDERWRITE
The exact lens I run every deal through — credit, collateral, and the judgment calls in between. Use it on your next one.
02
ALLOCATOR FRAMEWORKS
How I decide where a dollar goes across lending, real estate, and operating businesses. Real allocation decisions, not theory.
03
REAL DEALS AS PROOF
Recent deals, what they earned, and what I would do differently. No theory without receipts.
AUTONOMY
Most operators chase scale. I chase sovereignty. Control over your capital and your time beats raw size every time.
MY PRINCIPLES
THREE PRINCIPLES I DON'T BREAK
COMPOUNDING THROUGH CASH FLOW
Own things that throw off cash, then reinvest at similar returns. Paper wealth does not pay for anything.
RISK-ADJUSTED RETURNS
Do not chase yield. Price the risk, protect the downside, and let discipline do the compounding.
C1
CHARACTER
Who am I trusting? Track record, transparency, and how someone communicates when a deal goes sideways. Character comes first because everything else can be fixed with money and character cannot.
AND THE BOX
A GOOD DEAL IS NOT ALWAYS YOUR DEAL
My credit box: up to 70% of ARV, at least 10% down, 650+ credit, Arizona only. A borrower can pass all four Cs and still fall outside it. A deal can fit it perfectly and still fail a C. Either way, I walk.
MY UNDERWRITING FRAMEWORK
THE FOUR C'S + THE BOX
Two tests, and every deal has to pass both. The Four Cs tell me whether the people and the money are sound. The Box tells me whether it is the right deal for me, right now. Neither one outranks the other.
C2
CAPACITY
Can they actually execute? This is the ability to carry the plan through to completion and exit — the crew, the track record, the systems, and the bandwidth to do it while everything else is also happening.
C3
COLLATERAL
Can they actually execute? This is the ability to carry the plan through to completion and exit — the crew, the track record, the systems, and the bandwidth to do it while everything else is also happening.
C4
CAPITAL
Is the deal properly funded? Enough to fund the work, carry the costs, and absorb the surprise that always arrives. Verified with statements, not stated in a conversation.
THE BOOKS
TWO BOOKS ON BUILDING REAL WEALTH
AWARD WINNING
BIGGERPOCKETS PUBLISH
REAL ESTATE SIDE HUSTLE
How to build a real estate portfolio on five hours a week without quitting the job that funds it.
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This is the path I actually walked — buying rentals during seasons, managing from the road, and scaling to fifty-plus properties while holding down a demanding full-time career.
INVESTOR. PRIVATE LENDER. AUTHOR
I LEND, INVEST, AND WRITE ABOUT HOW CAPITAL ACTUALLY WORKS
I have deployed $36M+ into real estate and private lending since 2014. I run 42 Solutions, an Arizona private lending company, and the 42 Income Fund. Every week I write The Capital Edge — my thinking on investing, business, and capital allocation, free.
ON THE FIELD
9
118
357
SEASONS
GAMES
TACKLES
26.5
2X
2023
SACKS
TEAM
CAPTAIN
RETIRED
TEAMS
USC TROJANS
NEW YORK GIANTS
DETROIT LIONS
AZ CARDINALS
BALTIMORE RAVENS
FEATURED ON
WHERE I'VE TOLD THE STORY
The Four Cs worksheet, my deal screening checklist, and the underwriting template I run every loan through. Free.