THE CAPITAL EDGE | Devon Kennard

YOUR PLAYBOOK FOR CASH-FLOW INVESTING AND LONG-TERM WEALTH BUILDING

THE CAPITAL EDGE is Devon Kennard’s weekly newsletter on private lending, real estate, and long-term wealth — all through the lens of his boots-on-the-ground investing in Arizona. Join 2,000+ investors and entrepreneurs learning how to allocate capital smarter, vet deals, and build lasting passive income the right way..

CHARLIE MUNGER SAID THE FIRST RULE OF COMPOUNDING IS NEVER INTERRUPT IT. HERE IS WHAT I'D ADD.

I'll be honest about something I don't usually admit. A few months ago I went deep studying an investor who had reportedly built nine figures in a fraction of the time it's taking me. Operating brands, a sprawling holding company, an education empire layered on top. Big numbers, loud platform, the whole thing engineered to make ambitious people feel like they're moving too slow. And for a few days, it worked on me. I caught myself asking the question it's designed to make you

2 hours ago3 min read

THE METRIC I'M PROUD OF DOESN'T FIT ON A HIGHLIGHT REEL

We just closed the books on the first half of 2026, and the headline is one I'm proud of: $14.4 million funded across Q1 and Q2. That already exceeds everything we did in all of 2025 by $3.6M, in half the time. But I've been doing this long enough to know growth numbers are the easiest thing in the world to dress up. Anyone can deploy more capital. The questions that actually matter are how you grew, and whether quality held while volume climbed. Here is what is underneath th

Jul 82 min read

WALL STREET JUST BOUGHT THE BIGGEST HARD MONEY LENDER. HERE IS WHAT IT MEANS.

The biggest lender in my corner of the market just got acquired for $717 million. Most people outside private lending did not notice. If you allocate capital anywhere near private credit, or you are trying to understand where it is headed, you should pay attention to this one. What Happened Figure Technology Solutions, the publicly traded blockchain-based capital markets platform, agreed to acquire Kiavi, the nation's largest residential transition loan lender. Kiavi originat

Jul 13 min read

THE 4 WAYS TO MAKE MONEY IN BUSINESS AND THE ONE I CHOSE

I was listening to Alex Hormozi break down business-building recently and he made a framework click for me that I want to pass along. Most people stumble into one of these by accident instead of choosing it on purpose. And the wrong fit will quietly cost you years. There are really only four ways to build wealth through business. Every one of them works. But they demand different things from you, carry different risks, and reward completely different temperaments. 1. Bootstra

Jun 244 min read

WHY I ONLY FUND INVESTORS WHO HAVE BUILT AN UNFAIR ADVANTAGE

I have funded 74 loans to real estate investors across Arizona. All closed or current and performing. Never lost a dollar. That is not luck. That is borrower selection. The investors who execute almost always share one of two backgrounds. They are either licensed real estate agents, or they are contractors with construction experience. Here is why those advantages matter so much. Agent-Investors Do Not Overpay Licensed agents bring a specific set of advantages to a deal. MLS

Jun 172 min read

A well-known operator just lost investors 100% of their capital. Here is exactly what the structure missed.

TRUST THE OPERATOR. VERIFY THE STRUCTURE. Hey [First Name], A well-known voice in real estate recently went public about a deal that went to zero. Investors lost their capital. All of it. Credit for the transparency. Most operators bury failures. Sharing the details publicly takes courage. But transparency after a loss does not bring back investors' money. Here is what happened. And here is what the structure should have prevented. What Actually Happened A multifamily propert

Jun 105 min read