On The Market: Recent Episodes
BiggerPockets
The modern real estate investor doesn’t have time to research every headline and trend. That’s why BiggerPockets' Dave Meyer and his expert panel do it for you. Learn how to invest smarter in today’s economic environment.
New real estate commission lawsuits could change home buying and selling as we know it. Long gone may be the days of buyers walking away paying zero commission and sellers having to bear the entire burden of a real estate transaction. Two new class action lawsuits against the National Association of REALTORS (NAR) could change how agents are paid and deals are done, but should investors even care? We brought in James Rodriguez, Senior Real Estate Reporter at Business Insider, to explain exactly what could happen to commissions, what this means for the future of buying and selling real estate, and whether or not the next agent extinction is on our hands. With over $40 billion in damages from these combined lawsuits, real estate agents may wake up to an entirely new housing market where their services are rarely needed. But who’s forging this fight against real estate agents, and why are they pushing for a “decoupling” of commissions? And, if you’re a full-time agent, should you be concerned about where your next paycheck could come from, or is this merely a hollow case with no REAL threat to hard-working agents and realtors? Stick around; we’ll get into who should (and shouldn’t) be worried. In This Episode We Cover: The multi-billion dollar NAR lawsuits explained and why commissions could be “decoupled” A BIG threat to buyer’s agents and what happens when their services are no longer needed Whether or not using an agent is worth it, and why most investors will STILL rely on realtors and agents The potential of an MLS (multiple listing service) overhaul and combining all local listings into one Paying agents per hour and the future of real estate commissions And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Understanding Real Estate Commissions (And How to Negotiate Them!) The multibillion-dollar lawsuits that could radically reshape how we buy and sell homes forever Connect with James: James' Profile - Insider James' Twitter
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Holding on to hope that mortgage rates could hit four or even three percent again? Unfortunately, that doesn’t look likely, at least to Liz Ann Sonders, Chief Investment Strategist at Charles Schwab. While Liz spends most of her waking hours thinking about the stock market, she always has her finger on the overall economic pulse. Whether it be bond yields, mortgage rates, economic cycles, or banking crises, Liz Ann needs to know market moves in order to manage Charles Schwab’s $8 TRILLION in assets. For most heavy real estate investors, the stock market is confusing at best and a game of chance at worst, but NOT knowing what’s happening in one of the largest investment markets in the world could be to your detriment. Since the stock market moves quicker and reacts to economic data at almost instant speed, real estate investors can get ahead by popping out of the property market we’re so preoccupied with. In today’s episode, Liz Ann not only touches on the state of the stock market but why so many investors are acting out of pure emotion (and not logic), the effect rising bond yields will have on mortgage rates, why savvy investors refuse to “fight the fed,” and the “rolling recession” that could explain 2023’s constant economic hills and valleys. In This Episode We Cover: The “rolling recession” and why its economic effects won’t hit us all at once Why mortgage rates won’t go back to 2021 levels EVEN when bond yields fall The psychology of emotional investing and why most investors are forfeiting data when making decisions New “bullish” signs from stock investors and what they’re investing in Why waiting for a recession to invest could be a MASSIVE financial mistake And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram The Fed Just Got One More Reason to Hike Mortgage Rates Is Now the Best Time to Get Into the Stock Market? Connect with Liz: Liz on Charles Schwab Liz's Twitter/X
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Housing affordability has reached lows that most Americans never knew existed. After home prices had an unprecedented multi-year run-up and mortgage rates got hiked, the average home buyer was out of luck. They couldn’t afford a house, and even if they could, the chances of getting one were slim to none when no inventory existed. Many now hold on to a hope that affordability could be around the corner, but this isn’t looking likely, at least not according to the most accurate forecasters in the country. Doug Duncan, SVP and Chief Economist at Fannie Mae doesn’t just do the standard housing market forecast models. His team at Fannie Mae has come up with the most accurate predictions of the housing market to date through a combination of judgment, market sentiment, and math. Today, Doug is on the show to give his data-backed take on home prices, mortgage rates, and the affordability crisis. There is some good news for homeowners and not-so-good news for home buyers, but Doug brings some solid advice for those still struggling to buy a home, plus a forecast of when things could finally turn around. If you want to know whether a recession is still in the cards, what home prices will do, and when affordability will reach equilibrium, tune in! In This Episode We Cover: A 2024 home price forecast that most didn’t think was possible Housing affordability and why we may not see relief for YEARS to come Recession watch and whether or not we’re in the economic clear Data modeling and why you CAN’T just rely on the math for your housing market predictions Advice to first-time home buyers and what you MUST have before you try to buy And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Grab Fannie Mae’s Forecast Housing Market Affordability Has Crossed a Concerning Threshold in the U.S Connect with Doug: Fannie Mae Doug's LinkedIn
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The housing market “recession” is…over? At least, that’s what some economists think. But it doesn’t feel so stable for the rest of us real estate investors. Home prices are still dropping in some markets, teetering on stability in others, and hot as ever in growing areas. With mortgage rates rising and the Fed staying true to its word, how can we be so sure that home prices won’t begin to fall across the nation? We’re back with another headline show where Dave Meyer, James Dainard, Jamil Damji, Kathy Fettke, and “the only investor in Arkansas,” Henry Washington, give their take on some of the hottest housing market stories of late. We talk about the NAR (National Association of REALTORS) declaring the “housing recession” to be (potentially) over, why banks are tightening credit and denying loans more than ever before (and how to still get funding), why lowball buyers are actually in the right, and the cities across the US most poised for growth. With offers becoming harder and harder to get accepted, interest rates rising, lending on lockdown, and sellers still living in 2022, you MUST invest smarter to build wealth in today’s market. Thankfully, all our guests are doing just that and dropping some gems on beating the regular buyers by being smarter, faster, and picking up deals for less! In This Episode We Cover: The “housing recession” and why some economists think it may be over Why investor buying activity remains high EVEN with rising mortgage rates The commercial credit crunch and why banks are refusing to lend on specific assets Five reasons you’re getting lowball offers and why buyers NEED to stay reasonable The US cities most poised for growth and Henry’s secret city to invest in (it’s NOT in NW Arkansas!?) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Hear Our Episode with J Scott and Scott Trench Housing Recession Credit Tightening Lowball Offers Growing Cities
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Home prices were supposed to crash…right? Not quite. If you were hoping to snag a steal of a deal on your first home, we’ve got some bad news. But, if you’re a homeowner or investor who was crossing their fingers that their equity would stay stable, things are looking good! As the housing market begins to “adjust” back to normal, investors are asking themselves, “What happens next?” We brought repeat guest and fan-favorite Rick Sharga, founder of CJ Patrick Company and former EVP of Market Intelligence at ATTOM, back on the show to share the findings of his most recent investor survey. Rick and his company have been tracking the sentiment of small retail investors—a dataset we rarely get to hear about—and he has some news to share. Investors are thinking about the housing market differently than most would assume. With high mortgage rates and financing fatigue, rental property investors and active house flippers have the same thought: things could get better soon. But what could change? Will inventory ever rebound? And what could cause another hot housing market? All that, and more, in this episode! In This Episode We Cover: The one investment strategy that has been dramatically declining (and why it may have a comeback) Home prices and whether or not we’ve bottomed out already What small retail investors think will happen next in the housing market The #1 challenge investors are facing today (and when this could improve) An “inflection point” for real estate and whether competition will heat back up Fixing the inventory problem and how long it will take to return to “normal” levels Declining and rising real estate markets that Americans are moving away from/to And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram On The Market Podcast 17 On The Market Podcast 66 BiggerPockets Real Estate Podcast 604 Investor Sentiment Survey Connect with Rick: Rick’s LinkedIn Rick’s Twitter Rick's Website
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Looking for a high-cash-flow real estate market? Well, you’ll need low home prices to make that happen. With mortgage rates still at multi-decade highs and affordability at forty-year lows, there isn’t much cash flow to around…unless you’re investing in one of these markets. And while “cheap” rarely means “good,” there are a few housing markets on this list that investors can feel safe parking their money in. Unless you have a million dollars in the bank or already own a portfolio of beachfront homes in Hawaii, you’re probably looking for the best market to stretch your investing dollars. Thankfully, we’ve got just that as the On the Market panel covers the ten most affordable housing markets in the United States. We’ll get into the nitty-gritty of the top four and highlight which we’d invest in and steer clear from. Some of these markets have huge manufacturing entering the area, prompting massive job growth that could surge home prices. But, with most unaware of this type of economic movement, investors like you can take advantage by getting into these affordable markets before they become boomtowns! In This Episode We Cover The ten most affordable real estate markets across the country (and which we’d invest in) Two markets that are about to experience massive job growth but STILL offer low prices Cash flow vs. appreciation and which market to invest in if you want LONG-term wealth Entering the “investor’s market” and why real estate investors have the upper hand in 2023 How to vet a rental property market and the metrics you MUST pay attention to before you buy And So Much More!
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The housing market has dealt a tough hand to real estate investors as of late. Prices are staying the same, but mortgage rates are rising, rents have peaked, and so-called “easy” investments have been increasingly difficult to manage. The “lazy” investors who bought simple short-term rentals are now sitting with empty units, and BRRRRers that never adjusted their strategy are stuck with standard houses producing bleak returns. What’s the right move to make when investing is harder than ever before? We wanted to know what’s REALLY happening in the housing market. So we brought on short-term rental expert Avery Carl, father of the BRRRR method David Greene, and luxury flipper James Dainard, to get their opinions on what’s working, what isn’t, and what investors should do now. Surprisingly, all these experts agree that ONE type of investing is the best way to go, and it’s such an obvious choice that you may miss it. But, before this real estate investing strategy smackdown begins, we’ll get to know the current states of short-term rentals, flipping, and BRRRRing, plus which strategies are making money and which are falling flat. This is a new housing market; if you want to make it, you can’t play by the same rules. In This Episode We Cover: The ONE investing strategy ANY investor can use to make more money in 2023 The short-term rental slowdown and why basic hosts are in trouble Flipping houses and the almost unbelievable returns you could be making in today’s market Why “lazy” investors are about to get crushed (and what they can do about it) BRRRR blunders and why this strategy may have to be put on ice until rates drop Avoiding the “turnkey trap” that’ll tie you to a boring house, making bleak returns And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Book Mentioned in the Show BRRRR by David Greene The Book on Flipping Houses by J Scott Short-Term Rental, Long-Term Wealth by Avery Carl Connect with Dave and Avery: Avery's BiggerPockets Profile Avery's Instagram Avery's Website David's BiggerPockets Profile David's Instagram David's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-129 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Real estate investing advice is everywhere, especially from people who don’t invest. You’ve seen the financial influencers screaming, “Don’t buy!” or “Wait for the crash!” often while doing a little dance or pointing to some cherry-picked statistics. While this amateur advice rarely gets considered by investing experts, those who are just getting started are susceptible to following this dumpster fire of investing guidance and will end up losing money as a result. But don’t worry; we’ve brought the antidote to this horrible advice. We got the entire On the Market panel together to give their favorite pieces of lousy investing advice and what to do instead so you can ACTUALLY build wealth. From waiting for the crash to only buying foreclosures to purchasing a property way over your budget, this real estate investing advice is some of the worst, if not most hilarious, we’ve seen in a long time. And with the economy on the edge of a recession, now is NOT the time to take money tips from twenty-two-year-olds on the internet. For every piece of bad advice we get, we’ll give you our personal, time-tested advice on what we’d do in today’s housing market. Some of this expert advice may shock you since it goes against what everyday investors have been told. But, if you follow it, you could be building wealth like our multi-millionaire guests! In This Episode We Cover: The one “risky” real estate strategy that has made our guests millions Who should (and definitely shouldn’t) become a real estate agent “Buying the dip” and why getting in at the bottom isn’t always a bright idea Discounted deals vs. buying at retail value and which markets require which strategy The dangerous bet you’re making when buying during high mortgage rates Investing in new construction homes and the one scenario where you MUST avoid doing so And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Henry's BiggerPockets Profile Henry's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Book Mentioned in the Show How to Wholesale Real Estate by Jamil Damji
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-128 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Could mortgage rates fall in 2024? And if so, how low will they go? What happens if home prices rise; could the Fed make things even harder for buyers? And what’s the one thing that could cause sellers to hike prices again? We have good news for you if you’ve been noodling on these unanswered questions. Dave Meyer is here to quench your thirst for data with this month’s AMA (ask me anything)! If you want to unlock this FULL episode, ad-free podcasts, and unlimited BiggerPockets audiobooks, click here to sign up for the BiggerPockets Playlist Membership. For only $100/year, you’ll get access to all that AND time-sensitive investing episodes like this that will help YOU make better investing decisions. Sign up today to hear Dave’s take on: When mortgage rates will fall and how low they’ll go The Fed’s next moves and what they’ll do if home prices rise Home price predictions and why deals could get even harder to find What to do TODAY if you’re starting from zero How to invest your first $25,000 and the EASIEST way to get into real estate Whether or not the short-term rental market will recover Whether a hot dog is or is not a sandwich, and why this American classic breaks the rules of handheld food And So Much More!
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Real estate agents had it made over the past two years. When mortgage rates were low, buyers lined up to make bids, sellers were ready to upgrade, and properties were flying off the shelves. For almost any agent in any market, business was booming, and it seemed like it wouldn’t ever stop. Then mortgage rates began to rise, monthly payments became dangerously unaffordable, and the agents looking for easy commissions disappeared. But what if an industry expert told you there was still hope to help buy and sell homes? Nick Bailey, President and CEO at RE/MAX, has been in the real estate business since he was a teenager. After buying the building his local pizza shop operated in, Nick went on to house hack in college, building an impressive career at not only RE/MAX but Century 21 and Zillow. He understands the agent business better than anyone and wants YOU to know the secrets to success. In today’s episode, Nick touches on the shocking statistic that most real estate agents fail, why average agents are struggling in today’s market, how homebuyers can get around today’s high fixed interest rates, and the one thing you NEED if you want to take home consistent commission checks. In This Episode We Cover: Fixed-rate vs. adjustable-rate mortgages and new loan products that put buyers in a better position Market trends and why fix and flippers are becoming (temporary) rental property owners Why most real estate agents fail (and the steps to success that top agents follow) How to find a great agent, whether you’re a first-time home buyer or investor Niching down and why modern agents will FAIL if they can’t find their focus Why agents MUST do more than sell real estate to build wealth And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Books Mentioned in the Show The Agent's Edge by Jordan Cohen Connect with Nick: Nick's LinkedIn
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Need housing market predictions? We’ve got them. Unfortunately, they may not be exactly what you want to hear. While most landlords hope and pray that mortgage rates will head down and the housing market will finally open back up, reality paints a much different picture. With inflation still high and the Fed refusing to budge on rates, we could be in for a wild ride over the next six months. So, what will unfold before the clock strikes midnight at the end of 2023? Stick around and find out! We brought in the heavy hitters for today’s episode. J Scott, syndicator and author of numerous best-selling real estate books, but most importantly Real Estate by the Numbers, brings his stoic and scarily accurate take to the podcast. But that’s not all. BiggerPockets CEO Scott Trench joins us to give his investor, executive, and homeowner opinion on what’s happening in the housing market. Of course, Kathy Fettke, multi-decade investor and syndication expert, brings her unique view from booming markets. We’ll go over the housing market, inflation, interest rates, unemployment, and the overall state of the economy in this show. From explaining why the Fed will either drop or raise rates this year to examining the impact of a potential recession, then discussing the somewhat cherry-picked stats chosen by the Fed, this episode goes MUCH deeper than real estate, and you could get caught off guard this year if you don’t know what’s coming. In This Episode We Cover: 2023 housing market predictions and why “things are going to be messed up” for years to come Why mortgage rates could fall (or rise) and what could cause the Fed to move Unemployment stats and why the “gig economy” could be in danger False inflation numbers and what will force inflation to drop, then spike, this fall The commercial real estate crash and why multifamily investors could see a profitless next few years And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Hear Our Interview with Fed Expert, Nick Timiraos Books Mentioned in the Show Real Estate by the Numbers by J Scott and Dave Meyer Connect with J: J's BiggerPockets Profile Everywhere Else Connect with Scott: Scott's BiggerPockets Profile Scott's Instagram
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Buying a home might not be the best idea in 2023. You’ll have to go through a few challenges to get one under contract. First, find a homeowner who wants to sell their home; you’ll need to convince them that ditching their low rate is worth the price. Then, secure funding; but with even the best home buyer loan, you’ll probably be stuck with a seven percent rate. Wouldn’t it be easier just to rent and invest the rest of your money? According to Daryl Fairweather, Ph.D., Chief Economist at Redfin, that’s precisely what you should do. New data has shown that with home affordability at historic lows, now isn’t the best time to buy a primary residence. But where would you find the inventory even if you wanted to buy? “Locked-in” homeowners are refusing to part ways with their properties, and nobody can blame them. But, there are still a few metro areas worth buying in, and if you live in, or are moving to, one of these areas, you could be in luck. But Daryl doesn’t just explain the buying vs. renting debate. She also talks about buyer demand and its recent drop-off, mortgage rate predictions and what we can expect rates to get down to, risky real estate markets facing natural disasters, and news for real estate agents that could change how commissions are paid and collected. In This Episode We Cover Renting vs. buying and which is a better bet in 2023 Affordability, buyer demand, and why renting may be the only option for many Mortgage rate predictions and how low rates could go in the near future Insurance headaches from California and Florida and why insurers AREN’T signing new policies Migration patterns and where Americans are moving as home prices remain high New real estate agent commission news that could change who pays an agent for buying or selling a property And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Get Access to Unlimited BiggerPockets Audiobooks and Ad-Free Podcast Episodes Renting vs. Buying a House: Which Makes More Sense Connect with Daryl Daryl Instagram Daryl LinkedIn Daryl Twitter Redfin News
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Thought we were done with mortgage rate hikes? Not so fast. The Fed always has time to get mad about something else and push interest rates even higher. This time, a surprise job report makes the Fed furious and could lead to a much more difficult housing market for investors and homebuyers. But this news isn’t all we’ve got on this episode. We’re touching on some of the biggest stories across the housing market, summing them up, and sharing them with you so you can bob and weave with the ever-changing economy. Want to invest in real estate with just a thousand bucks? If so, you’re NOT in luck because one prominent real estate crowdfunding platform has just gone bankrupt. But don’t worry; it’s not all doom and gloom. The new jobs report is painting a stellar economic picture but could lead to you having a more expensive loan. And for those that own short-term rentals, one housing market forecaster is predicting a mass sell-off due to Airbnb host income declining. Finally, we’ll talk about home prices, whether they’re actually falling or not, and how home buyers are STILL bidding even during some of the lowest affordability we’ve ever seen. Keep your pulse on the property market; tune into this week’s real estate roundup! In This Episode We Cover Short-term rental stagnation and why hosts are seeing income dwindle Whether or not a massive vacation home sell-off could come to the housing market Mortgage rate hikes, new job numbers, and why the Fed is furious again PeerStreet’s recent bankruptcy and what this means for crowdfunding investors The half-truth of home prices “falling” and why some markets are still seeing bidding wars And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Henry's BiggerPockets Profile Henry's Instagram Federal Student Loan Forgiveness Update: What Happens Now? Airbnb Income Home Prices PeerStreet Goes Bankrupt Rate Hikes and Jobs
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Need rental property financing? What about an investor loan that won’t stop your cash flow? It’s tough in 2023. With high mortgage rates and many veteran investors predicting a commercial crash, finding funding for your deal might seem impossible; but you’re probably looking for loans in the wrong place. Novice investors run off to the same lender that helped them get their primary home loan, while experienced investors know of loan products that most couldn’t even dream of. To help get you a better mortgage, at a better rate, with less financing fatigue, is Caeli Ridge from Ridge Lending Group and Tim Herriage from RCN Capital, two of the most prominent investor lenders in the nation. Caeli and Tim know which loans work best for which investor, property, strategy, and price point. In this episode, they’ll review loan products that could help you score better deals with fewer headaches, explain why today’s high interest rates won’t last, and uncover the REAL reason investors are giving up their low mortgage rates for more expensive mortgages. Caeli also goes in-depth on a new type of HELOC/home loan with lower interest costs that could benefit you IMMENSELY over the life of your loan. Tim also shares why he believes there WON’T be a commercial real estate crash and how financing investment properties could get even easier. If you’re waiting to invest or want some signal that lower mortgage rates are returning, this episode is for you! In This Episode We Cover Investor-only loans that’ll help you build a real estate portfolio faster Mortgage rate predictions and why top lenders don’t think high rates will last Portfolio loans, blanket loans, and DSCR (debt service coverage ratio) loans explained A new type of HELOC that leaves you with a lower interest rate The commercial real estate “crash” and why top lenders DON’T think it’ll happen Where to find the perfect investor-friendly lender for your next property And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Connect with Caeli and Ridge Lending: Ridge Lending Website Ridge Lending Email Phone: Call 855-74-RIDGE Connect with Tim and RCN Capital: Tim's BiggerPockets Profile Tim's Socials RCN Socials RCN Capital Website
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One real estate market is ready to explode, haunted houses and “dark tourism” become all the rage, tiny homes are the new affordable housing, and multifamily investors find colossal cash flow with homeless housing. It’s halfway through 2023, and no real estate investing opportunity can be taken for granted. Long gone are the times of buying any house and counting on cash flow to come through every month. If you want to know the REAL ways to make money in real estate, this is the episode for you! We’re back with the full On the Market podcast panel, as Henry, James, Jamil, and Kathy bring in news stories affecting real estate investors nationwide. First, Henry talks about a “micro-home” community of tiny houses helping home buyers lock in a mortgage for almost half the average cost. Then, James touches on California’s consistent struggle with homelessness and how multifamily investors can profit by building safe spaces for those that need a helping hand. Kathy brings the inside scoop on a new resort development that could shoot one city’s home prices through the roof. Finally, Jamil makes us all feel slightly uncomfortable by mentioning “dark tourism” and how buying haunted houses could give you a huge ROI as tourists beg to be terrified. If you want to know about all the unconventional yet high-profit housing market opportunities, stick around! In This Episode We Cover The rise of haunted house investments and the surprising profits of “dark tourism” Tiny houses, “micro-homes,” and other affordable housing options home buyers are looking for How to get paid by providing housing to the homeless IF you own this type of rental The new resort development that could cause home prices to explode in this ski town Why the government WANTS investors to turn vacant land into low-income housing And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Tiny Homes, Huge Profits: $6,000 a Month from 1 Property! 5 Tips for Owning Low-Income Rentals
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The Federal Reserve could be steering us straight into the next great recession. After decades of monetary and fiscal debacles from quantitative easing to safeguarding big banks that hurt everyday Americans, it seems almost everyone wants the Fed to be taken apart and rebuilt or shipped away, never to have economic sway again. Grave mistakes have been made over the past two decades, many of which will have unfathomable consequences for today’s economy. So, can the Fed do ANYTHING to save us? Enough with the speculating. We brought former Advisor to The Federal Reserve Bank of Dallas, Danielle DiMartino Booth, to tell us what happens behind closed doors. Danielle was there at the beginning of quantitative easing, fighting back against a program she knew would lead to a weak economy. Now, as Danielle puts it, “everything has come home to roost,” as quick decisions made in the last financial crisis put us in a massive economic bind. This is NOT good news for real estate investors; those buying today could be in serious trouble in years to come. Throughout today’s episode, Danielle gives us her take on how the Fed could fix itself, current actions Jerome Powell, Chair of the Fed, has put into place to correct the course we’re on, and whether or not a “soft landing” is possible as the American economy heads into a recession. Finally, Danielle gives her advice on what real estate investors should do and why those exiting the market might be smarter than the rest of us. In This Episode We Cover Massive mistakes the Fed made during the Global Financial Crisis that we’re paying for today Quantitative easing explained and why “money printing” is so dangerous to the economy The “dual mandate” that’s making the Fed’s job almost impossible to achieve Recession predictions and whether we’ll face a soft landing or hard crash Why smart real estate investors are hoarding cash and refusing to buy False job data and why the unemployment rate is about to get even worse And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Book Mentioned in the Show: Fed Up by Danielle DiMartino Booth Connect with Danielle: Danielle's Substack Danielle's Twitter
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We’re here with a HUGE student loan forgiveness update. Since President Biden was elected, those with student loans have been hoping and praying to have a sizable chunk of their debt wiped away. Tens of millions of borrowers would have been impacted, helping free up cash for those that need it most. But, on the other hand, taxpayers were staring at a $400B bill to forgive just a fraction of the student loan debt in America. The economic implications of student debt relief passing would have been huge, but a more significant economic impact could continue for borrowers. We’ve brought back Sarah Ewall-Wice, Political and Economics Reporter at CBS News, to give us a full student loan forgiveness update, break down what exactly happened in the Supreme Court, and what we must prepare for now that student debt relief is off the table. But, if you were banking on your loans being forgiven, fret not; a new plan may already be underway to give those with student debt another chance at redemption. Sarah walks through the legal battle the Biden Administration brought forth to get debt relief passed, what will happen to graduates now that the bill has come due, and whether or not defaults could increase across the board as a result. Dave and Sarah will also debate why a solution to rising college costs hasn’t been conceived and what you should do NOW if you have student loan debt. In This Episode We Cover A federal student loan forgiveness update and what will happen next Why the Supreme Court decided to axe the debt relief plan (it’s not what you think) Resuming student debt payments and what graduates need to do NOW Whether or not defaults across credit cards and mortgage payments could increase as a result The true cost of college and why unaffordable education MUST be tackled And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Hear Our Past Interview with Sarah on US Debt Connect with Sarah: CBS News Sarah's Instagram Sarah's Twitter
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-120 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Artificial intelligence (AI) like ChatGPT might not be great at writing podcast intros, but when it comes to building a rental property or real estate portfolio, these platforms produce far more help than harm. While most of the general public uses AI to write poems about their dog or history papers for class, real estate investors are harnessing this technological power to buy more properties, outsource simple tasks, and reach sellers faster than ever. Want to do the same? You’ll have to stick around! For years, our panel of real estate experts have been using AI, automated apps, and software to grow their portfolios to new heights. And, even if you don’t own thousands of rentals or do hundreds of fix and flips a year (like James), you too can use this real estate tech to make your life easier, spend less time working, and focus more on what your business needs from YOU. In this episode, Dave, James, Jamil, and Kathy will go over exactly how they’re using AI platforms such as ChatGPT, the systems and software they’ve implemented into their own businesses, whether or not more automation could threaten jobs, and how you, even as a small investor, can leverage the same tech top investors use to build wealth faster! In This Episode We Cover Why ChatGPT may be good at everything but writing podcast intros Using AI platforms to create job descriptions, outreach to sellers, and take menial tasks off your plate Whether or not AI has the potential to kill jobs in the real estate sector The “job evolution” that is waiting for those who can embrace new technology The EXACT software, systems, and apps we’re using to grow our real estate portfolios And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Basecamp ChatGPT Follow Up Boss Infusionsoft (Keap) Monday.com Ninety.io Salesforce
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The next foreclosure wave is already brewing. Over the past few years, monetary moves and rash home buying decisions were made that could cause even more foreclosures to hit the market. The question is, which markets will face the most foreclosures, and how low will prices go? But that’s not all; foreclosure competition has started to spike as a new type of buyer enters the market for these deeply discounted properties. And if you want to know about foreclosures, discounted properties, and data on the markets with the biggest price cuts, Daren Blomquist from Auction.com is your man. As VP of Market Economics, Daren knows where the foreclosure market is moving before the masses do. In this episode, he gives his take on the next “wave” of foreclosures that could be headed our way, when it will hit, and the investing areas already feeling the effects. Daren also talks about the unexpected buyers entering the foreclosure market and how they could put investors at the back of the line for discounted deals. And if you’re in this specific state, prepare for your properties to be placed at open auction, as investors are forced to wait to acquire the foreclosure properties they rightfully won. Make no mistake; there are MANY deals out there for investors, but competition could start to heat up fast! In This Episode We Cover The “seeds of a bigger foreclosure wave” that are about to sprout Buyers bounce back and why the housing market and home prices have been so resilient A rise in foreclosures and what’s causing a steady uptick in homeowners forfeiting their houses New foreclosure laws that could make it even harder for investors to buy discounted properties Markets facing the deepest foreclosure price cuts Recession predictions and whether or not this will force even more foreclosures And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of How Much Investment Diversification Is Right for You? Hear Our Previous Interview with Daren Connect with Daren: Auction.com News Daren's LinkedIn Daren's Twitter
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Looking for housing markets with population growth, new jobs, rising home prices, and unlimited profit potential? If so, you’re in luck! In this episode, we’ll reveal four of our favorite “comeback” housing markets primed to explode over the next few years. Thanks to the recent housing correction pushing home prices lower, some top investing areas are sitting on suppressed prices that might not last long. So, what are our top markets? First, we head down south to talk about an explosive city that tanked in property pricing but now looks like a strong buy. Then, we’ll head to the Silicon Slopes to break down why this new tech hub (and ski city) boasts some surprising metrics that could mean more money for rental property investors. From there, we’ll enter into the dense forest and fog of an iconic city that isn’t even close to past its prime. Finally, we’ll finish with a nugget of wisdom from Dave on why this “fast food city” might be worth more than its munchies. So, if you’ve been preparing for your next out-of-state investment or are just looking for a market that’ll bring you long-term growth, tune in to hear where our experts are planning their property purchases!
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-117 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Asset allocation is arguably the most crucial step in building wealth. While most people think just buying rentals is enough, having the money set aside to protect those rentals, and subsidize your business during rough markets, can make or break your real estate portfolio. In the last crash, those entirely in real estate saw their wealth dwindle to nothing while diversified investors held strong, scooping up deals at a steep discount, making millions in the coming decade. Now, with many investors fearful that we’re on the edge of another crash, James Dainard and Kathy Fettke have stepped in to give advice only multi-decade millionaires know of. Dave, James, and Kathy will be breaking down their exact investment portfolios, walking through what they own, what they don’t, and how they structured their wealth to stay safe without stagnating. They’ll also share their advice on what to invest in TODAY, how to diversify your portfolio so you don’t get liquidated in the next crash, what they’d buy with $100,000, and “risk-free” investments like bonds still boasting favorable returns. Whether you’re just starting to invest or are looking to optimize your passive income, this episode is for you! In This Episode We Cover Asset allocation 101 and why it is SO crucial to building (and keeping) wealth Revealing our multimillion-dollar investment portfolios and how we designate our dollars Kathy’s short-term rental bet and house hacking EVEN while you’re financially free Geographic diversification vs. asset diversification and whether the market or asset matters more Protecting yourself during a real estate crash and what James wishes he did last time Bonds and “risk-free” investments that could give you a stress-free return And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' Instagram James' BiggerPockets Profile Kathy's BiggerPockets Profile Kathy's Instagram The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of How Much Investment Diversification Is Right for You?
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-116 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Home prices could become affordable without any of us noticing. In fact, home prices don’t even have to fall for the housing market to enter into a mild correction. With affordability hitting lows that we haven’t seen since the seventies and eighties, what could save today’s home buyers from paying for one of the most expensive mortgage payments of all time? Something must be done. And thankfully, it might already be happening. If you want to know the truth behind silent housing corrections, market-abandoning buyers, and where we could be headed, you better ask Andy Walden from Black Knight. We brought Andy on the show to talk about everything from mortgage rates to unaffordability, delinquencies, foreclosure fears, and what can be done to help our home buyers. Andy spends all day, every day, playing with some of the most vital proprietary property data sets imaginable, and he has an answer to almost every question. In this episode, Andy speaks on the housing market correction that could happen without home prices falling, why more home buyers are leaving the market, how mortgage rates could fall without the Fed’s input, and what could cause delinquencies to finally rise. In This Episode We Cover The silent housing correction and what could cause affordability to rise Mortgage rate lock activity and why we’re hitting all-time lows for home buying Bond yields, mortgage spreads, and how rates could fall without the Fed intervening The housing inventory crisis that’s causing home prices to stagnate Delinquency forecasts and two big events that would put homeowners in a tight spot And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Grab the Latest Mortgage Monitor What Is a Housing Market Correction and How Does It Really Impact You? Connect with Andy: Work with Andy and His Team
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Housing market forecasts, affordability false flags, forty-year mortgages, and a baby boomer shopping spree. Today, we’re touching on anything and everything affecting the housing market as the full On the Market panel joins Dave Meyer to answer YOUR most-asked questions. Dave has been collecting questions from viewers to have a rapid-fire question-answering round with some of today’s top real estate investing experts. If you want to know what will happen next in the housing market, tune in! We invited the whole crew to give their opinions on today’s investing market. We’ll talk about whether the real estate market’s “crash” is tied to stock performance, affordability and how ADUs (accessory dwelling units) may have shot home prices even higher, and the new forty-year mortgage and whether or not it’s a safe option for everyday home buyers. But, we’re also peaking into our crystal balls to give some BIG housing market predictions for the next few decades. Kathy talks about how average home prices could hit seven figures (seriously!) within our lifetime and why buying now may be your last chance to snag an “affordable” home. Then, to wrap things up, our expert guests share which asset class they’d invest in TODAY that could lead to a HUGE payoff in just a few years. The market is changing; stick around so you’re not left behind! In This Episode We Cover What we’d invest in TODAY that could see HUGE profits in the next few years Finding the housing market’s bottom and whether or not we’ve already hit it Housing affordability and why ADUs (accessory dwelling units) may have hurt home buyers A thirty-year real estate prediction and how high home prices could get The new forty-year mortgage, who’s applicable to get one, and affordable loan options Baby boomer buyers, rising birth rates, and demographic trends that could seriously affect the market Mortgage rates explained and why lenders won’t undercut their competition And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Hear Our Interview with Chris Martenson Housing is Unaffordable, But Could It Actually Get Worse?
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-114 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
The housing market is stuck. Stubborn homeowners with low rates refuse to move, even as demand starts to pick back up. Homebuilders are driving ahead with more new construction homes, but is it too late to deliver the supply we so desperately needed only a year or two ago? Where is the housing market moving next, and how long will we be stuck in this standoff? Ivy Zelman from Zelman & Associates successfully predicted the last housing crash, so what does she have to say about today’s market? Ivy is a thought leader in the real estate research space. Her credibility has been showcased repeatedly as her team accurately forecasts numerous housing market moves. Constantly on the phone with institutional buyers and builders, Ivy tends to know what’s happening before even the top forecasters. In this episode, Ivy gives her opinion on today’s housing market, why buyers and sellers are “stuck,” and whether or not the “underbuilding” problem is even an issue as demographic trends start getting dangerous. She also shares which real estate markets are in the most danger, the concerning catastrophe facing many southern states, and the markets she’s most bullish on that could withstand the test of time. But, more importantly, Ivy shares her thoughts on whether or not real estate is still worth investing in and why it may be time for landlords to diversify into other assets that don’t come with such a considerable risk. In This Episode We Cover The single greatest danger affecting the housing market in 2023 The new vs. existing home challenge and why homeowners are stuck in place Affordable housing and why the “underbuilding problem” isn’t what you think it is “Tremendous” competition for rentals and which investors should be concerned Underrated housing markets that are seeing strong demand and demographic tailwinds 2008 vs. 2023 and whether another housing crash is even feasible in today’s market And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Hear Our Last Interview with Ivy Connect with Ivy: Ivy's Email Ivy's Website
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-113 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Home sales have been falling fast since interest rates rose last year. After a spree of house shopping and record-low mortgage rates, homeowners sit comfortably in 2023. They’ve got affordable monthly payments, a home that is (probably) bigger or better than their last one, and expect a potential recession sometime soon. So why would today’s homeowners give up all that security to buy in a hazardous market? Mark Fleming from First American has been trying to uncover the answer. Mark serves as Chief Economist for First American, one of the United State’s leading title companies. Mark’s job is to predict and forecast the housing market, home sales, and buyer activity. And in 2023’s topsy-turvy economy, this is becoming a little more difficult. Mark has built a model to help predict home sales, looking at key factors like household formation, affordability, current mortgage rates, demographics, and more. And he’s got some interesting findings to share. The days of low interest rates and property upgrading may be over. Homeowners are now staying in their houses for twice as long, holding off on buying their next home until favorable conditions arise. But, this creates a “prisoner’s dilemma” for home sellers and buyers. With most of the United State’s potential property inventory sitting in the hands of those who refuse to sell, we’re answering, “What happens next?” in this episode. In This Episode We Cover Home sales predictions and what happens when there is NO available inventory Loose monetary policy and how low interest rates caused an affordability spike Two critical factors that drive the market to soar or slump Home turnover and why today’s homeowner is “locked-in” and refusing to move The “prisoner’s dilemma” that’s caused the housing market to stagnate A return to the “new normal” and what future homebuying could look like And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Inventory Shortage Could Continue As Interest Rates Rise and Homeowners Feel “Locked-In” Connect with Mark: First American REconomy Podcast
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-112 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Everyone wants to know how to get rich in a recession. The problem? With many asset prices plummeting and a bipolar real estate market, parking cash in any asset could be considered a risk. But, a particular sect of real estate still makes money even if the housing market starts to crash and home prices freefall. This is one of the lowest-risk ways to start investing, especially during a recession, and it made our expert guests, James Dainard and Jamil Damji, very wealthy. James and Jamil have been using this strategy since the early 2000s. When home prices started plummeting in 2008, buying rentals became risky, and fix and flips got decimated. Thankfully, this often misunderstood type of “investing” allowed them to capitalize on the price action, picking up deals that would make great buys and passing them along to buyers who could hold their own during the crash. This same strategy still makes them millions of dollars today, and you can start using it! In Jamil’s newest book, How to Wholesale Real Estate, you’ll learn how to build a scalable wholesale business without much cash, experience, or contacts. This is one of the BEST ways for new investors to get started and is a phenomenal source of supplemental income for investors and flippers who have too many deals on their desks. Think it’s too late to make money in an economy like this? Think again! In This Episode We Cover Jamil’s newest book, How to Wholesale Real Estate, and using it to get your first deal done Wholesaling explained and why “trading” real estate may be better than investing in it Recession-proof real estate investing and why wholesaling is one of the lowest-risk ways to start making money in real estate Million-dollar relationships and the people you MUST have in your circle to be successful Finding buyers and why investors don’t disappear even when home prices start to fall The housing markets that are on FIRE for wholesalers (and which are showing HUGE opportunity) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Book Mentioned in the Show: How to Wholesale Real Estate by Jamil Damji (use code “WHOLESALE110” to get 10% off)
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-111 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
House flipping was almost a guaranteed win in 2020 and 2021. With home prices steadily rising and interest rates dropping, throwing on a new coat of paint was often enough to make a six-figure profit on what would otherwise be a basic home. House flippers got accustomed to doing quick jobs while walking away with almost unbelievable returns. But, many of them got overconfident. Now with the housing market in a correction and the US on the edge of a recession, flippers find themselves with inventory no one wants to buy.
But, this isn’t the case for every flipper. The time-tested expert investors knew that this would happen, and as a result, they’re still making a killing on their flips. Some of these flippers are joining us on the show today. As always, we’ve got Seattle-based superstar, James Dainard to give his multiple-decade-long take on house flipping. And, joining as new guests are Dominique Gunderson, New Orleans-based flipper, and Leka Devatha, luxury flipper and one of James’ favorite buyers!
These three house flippers operate in very different ways. James touches on multi-million-dollar luxury flips and multifamilies, Leka focuses more on high-end yet still affordable flips and Dominique provides high-quality housing at a reasonable price for residential buyers down south. These are three flippers who have NOT let the market change their business plans, and because of some smart moves (which they share on today’s episode), they’re still sitting pretty and getting deals done, even as the market starts to slide.
In This Episode We Cover
Inflation rate updates and some good news for investors
How 2022 took many flippers by surprise and put inexperienced investors out of business
Labor and material cost updates and why flippers are still running into inventory problems
The risk behind flipping and whether or not high interest rates makes make it worth it
Tips for new flippers who want to get into the market without getting burnt
The danger of not diversifying and how sticking to one asset class can destroy your wealth
2023 house flipping predictions and how to protect your wealth if home prices tumble even further
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
James' BiggerPockets Profile
James' Instagram
Project|RE Real Estate Investing with James Dainard
Rehabit Homes
BiggerPockets Podcast 587 with Dominique
BiggerPockets Podcast 390 with Leka
Connect Dominique & Leka:
Dominique's BiggerPockets Profile
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Short-term rentals have had a serious run over the past two years. As soon as interest rates dropped, everyone decided that buying a vacation rental or second home was the best move to make. This led to a surge in short-term rental investments across the US, as hosts began to almost outnumber guests. Now, vacation rentals are seeing a dramatic slowdown while a recession starts to shape, as Americans are less concerned about taking vacations and more about keeping their jobs.
So where is the vacation rental market headed? Were short-term rentals just a short-lived fad that could fade out faster than it took to be born? Or, is this a mere blip on the radar of vacation rentals, as guests still prefer hosts over hotels? We brought on Avery Carl, Jenny Yi, and Tony J. Robinson, three experienced short-term rental investors, to walk us through exactly what is happening in the market, what moves they’re making, and advice for getting through a recession.
We also talk about short-term rental regulations, which, surprisingly, many of the expert investors are in favor of. They speak on the saturation of “blue chip” vacation markets, and how some sleepier towns offer much better prospects for profit than the vacation markets most Americans know and love. If you own a vacation rental, plan on buying one, or just like staying at them, this episode gives you in-the-field opinions that most hosts won’t admit.
In This Episode We Cover
Who’s hurting and who’s thriving as the short-term rental market starts to lag
How to identify new markets that have low competition and high tourism potential
Short-term rental regulations and why it isn’t all bad news for hosts
How a 2023 recession could affect vacation rentals and vacation spending
Advice for new hosts as bookings and revenue starts to decline during a downturn
Vacation home price drops and whether or not this type of real estate is more vulnerable than the rest
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
Real Estate Rookie Podcast
Tony’s Video on Short-Term Rental Recession Data
Book Mentioned in the Show
Short-Term Rental, Long-Term Wealth by Avery Carl
Connect Avery, Tony, & Jenny:
Avery's Instagram
Avery's BiggerPockets Profile
Jenny's Instagram
Tony's Instagram
Tony's BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-56
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Inflation may have just peaked. And with it, mortgage rates could come crashing down sooner than economists expect. But what would cause a scenario like this, especially as the Federal Reserve continues to bombard Americans with higher and higher interest rates? And, with supply chain shortages abound, how do we know that inflation won’t boomerang back in 2023, creating an even worse problem than before? Stick around. Dave has the answers.
For the past year, Americans have dealt with high inflation rates and the crushing weight of purchasing power declining. Food, energy, electronics, and most importantly, housing, have skyrocketed in price. To tame this economic beast, the Fed unleashed a series of almost unimaginable rate hikes, slowing down homebuying, borrowing, and business building in the process. This was part of the plan, and we’re just now seeing the effects of these high rates on inflation.
But what will happen once inflation numbers start to cool? Will the Fed suddenly lower interest rates and turn the housing market tap back on again? Will droves of homebuyers get back into the market, causing the same amount of competition that high rates were supposed to solve? Assemble your post-thanksgiving sandwich, plug in, and get ready for some up-to-date data drops from Dave Meyer.
In This Episode We Cover
November's latest inflation rate updates and some good news for the American economy
The three reasons why inflation could start to dramatically drop in 2023
How a global recession could foil the Fed’s plan and shoot rates back down
Whether or not mortgage rates will reverse once the Fed hits their target inflation rate
How the ten-year treasury yield almost identically maps mortgage rates
China’s lockdowns, Russia’s invasion of Ukraine, and other global events that shocked the supply chain
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
2023 Mortgage Rate Outlook—You Won’t Believe What Could Happen
The Fed’s Plan for Future Interest Rates
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-55
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BRRRR investing, house flips, five-figure rental properties, and silicon prairie dogs are all part of this On the Market episode. We asked our panel of expert guests to bring in some of the juiciest deals they’ve been doing so we can compare and contrast which real estate investing strategies are working best in today’s housing market. Surprisingly, even with this panel of investing all-stars, we’ve got deals and steals costing only $70K, but also home-run rentals in the seven and eight-figure price points.
But this isn’t just a bragathon—our expert guests walk through exactly how they picked up these insane deals for cheap, the strategies they’re using to cash flow from day one, and how they’ll use their tax benefits to pay for the next round of real estate deals! If you want to know how to make six-figures worth of equity for free, build a “bulletproof” BRRRR strategy, or ensure you turn a profit on your next real estate deal, this is the episode to listen to!
We also take a question from the On the Market Forums concerning rent raises and how to price your rental property. It can be tempting to set your rental price at an all-time high rate, as renter demand skyrockets. But, this could lead to unintended consequences that could not only hurt your property but bombard you with headaches from a future tenant. We’ll give tips and tricks on the best way to get around this!
In This Episode We Cover
- Four killer real estate deals from our expert guests and how you can copy their strategies for the same results
- Where to find cheap rental properties that will cash flow even in today’s market
- Real estate exit strategies and three different ways to ensure a profit on your next deal
- Large multifamily investments and why the tide may have already turned for sellers
- Short-term rental investing and walking into six-figures worth of real estate equity immediately after purchase
- How to price your rental property so you don’t suffer vacancy OR get the wrong tenant
- And So Much More!
Links from the Show
- Find an Investor-Friendly Real Estate Agent
- BiggerPockets Forums
- BiggerPockets Agent
- BiggerPockets Bootcamps
- Join BiggerPockets for FREE
- On The Market
- Join the Future of Real Estate Investing with Fundrise
- Connect with Other Investors in the “On The Market” Forums
- Subscribe to The “On The Market” YouTube Channel
- Dave’s BiggerPockets Profile
- Henry's BiggerPockets Profile
- James' BiggerPockets Profile
- Jamil's BiggerPockets Profile
- Kathy's BiggerPockets Profile
- Dave’s Instagram
- Henry's Instagram
- James' Instagram
- Jamil's Instagram
- Kathy's Instagram
Book Mentioned in the Show
- Real Estate by Numbers by J Scot & Dave Meyer
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-54
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Knowing how to invest during a recession is what separates the good from the great investors. Most veteran real estate investors know that during downtimes, the lucky landlords get swept away while the intelligent investors start to pad their pockets with deals others are too scared to take. This is both an opportunity and learning experience for all the listeners who are waiting to get their first, or next, real estate deal. Now may be one of the best times to strike!
But we don’t have Dave leading the charge this week. Jamil Damji, an investor who made millions during the last housing crash, is here to share five of the best ways to build wealth during an economic downfall. Jamil uses this show to test all of his theories with our expert guests as he double-checks if his tips are truly being used by the masters of multifamily, house flipping, buy-and-hold, and more.
Whether you have zero rentals, ten, or three hundred, this episode will give you everything you need to start hitting future home runs with the deals you do today. None of these strategies are too complicated for any investor, and all of them work in today's market. These are the buying opportunities we’ve been waiting for!
In This Episode We Cover
Why “buying deep” and padding your pro forma can create huge profit potential in deals bought today
Getting creative with your financing and funding of real estate deals to buy more for less
How to hold on to properties even with high interest rates and declining home values
Who to negotiate with to get foreclosures and short sales for pennies on the dollar
Partnering with other investors to raise money for deals too good to pass up
Building your buyers list and why now may be one of the best times yet to wholesale real estate
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
On The Market Podcast 31 with John Burns
On The Market Podcast 17 with Rick Sharga
3 Reasons to Invest in Real Estate During a Recession
Dave’s BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Jamil's BiggerPockets Profile
Kathy's BiggerPockets Profile
Dave’s Instagram
Henry's Instagram
James' Instagram
Jamil's Instagram
Kathy's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-53
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Cap rates affect multifamily investing more than most investors come to realize. If you’re in the commercial real estate space, you know that as cap rates decrease, price points for apartment complexes increase. And, as cap rates start to expand, multifamily prices begin to dwindle. With rising interest rates and high labor/material costs, the multifamily market should see a decline in property valuations. But that isn’t what’s happening.
Behind the scenes, a group of investors is unknowingly keeping this multifamily boat afloat, artificially inflating cap rates and keeping prices at record highs. The problem? This makes average asset prices skyrocket to almost unaffordable levels, ruining the playing field for any investors who can’t outright buy a multi-million dollar property in cash. Ashley Wilson, experienced multifamily investor, calls this the “cap rate con” and blames much of today’s high multifamily pricing on it.
Ashley is a veteran real estate investor with a decade and a half of experience. She’s been investing in large multifamily housing since 2018 and is shocked at what’s happening today. This “multifamily madness” is affecting investors across the board, and she’s convinced that it must come to an end. But what’s causing these inflated prices? How are multifamily investors reacting? And is there still space for the new investor to make money? You’ll have to tune in to find out!
In This Episode We Cover
How a pandemic-fueled buying spree massively inflated multifamily housing cost
1031 exchange investing and how “all cash” buyers are damaging the system
The “cap rate con” leading to surging property price hikes without reasoning
How to evaluate a multifamily investment property in three different ways
Advice for passive real estate investors and those investing in syndications
Whether or not a wave of multifamily defaults is on the horizon
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
James' BiggerPockets Profile
James' Instagram
Book Mentioned in the Show
The Only Woman in the Room by Ashley Wilson
Connect with Ashley:
Ashley's BiggerPockets Profile
Bar Down Investments
Apartment Addicts
Ashley's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-52
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The housing market has shown homebuyers both fierce love and abuse throughout 2022. At the start of the year, offering anything other than twenty thousand above asking was seen as an insult to a seller. Now, the seller is offering you a foot massage on your way into their open house. But we’ve known about this for months. Rising rates paired with home prices that are still (arguably) too high have made homebuyers think twice about buying in the first place. But is this true in every real estate market?
We brought on two agents, both in very different markets, to get their take on whether or not the housing market has finally flipped. Niyi Adewole, Atlanta-based investor and real estate agent, spent the last couple of years helping himself and his clients build bigger portfolios. Ryan Blackstone, northwest Arkansas-based investor and realtor of our very own Henry Washington, has seen buyers start to bounce from his market, but not close to as fast as most would expect.
Both these expert agents share exactly what’s happening in their real estate market and how buyers, sellers, and investors should prepare if they want to make moves in the next year or two. While Niyi and Ryan have different clientele, they’re coming to the same conclusions about where the housing market is headed, with extremely useful advice no matter where you stand right now.
In This Episode We Cover
In-the-field advice from top agents in two hot housing markets
How buyers have taken control, and the concessions sellers are willing to make
Price drops, cheap labor, seller credits, and more good news for buyers
Whether or not buyers are dropping off as unaffordability spikes
Days on market, active inventory, and other important metrics to pay attention to
Buying in down markets and why now may be the best opportunity to strike
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
Henry's BiggerPockets Profile
Henry's Instagram
Connect with Niyi and Ryan:
Niyi's BiggerPockets Profile
Ryan's BiggerPockets Profile
Niyi's Instagram
Ryan’s Real Estate Team
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-51
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Self storage investments aren't sexy. Most investors wrote them off for decades, with many of them not even considering self storage as true real estate. As more facilities were being built in the 1970s and 1980s, average investors looked down on self storage operators, seeing them as nothing more than owners of some concrete and metal. And who could blame them? Apartments, hotels, and other popular real estate ventures had proven track records, industry-specific technology, and a true “need” in the market. It wasn’t until after 2008 that this perception completely changed.
AJ Osborne, one of the largest self storage operators in the world, built his business at a time when no one wanted to touch self storage. But, as his portfolio grew and the industry turned around, more and more investors saw self storage for what it was: a low-risk, high-cash flow real estate investment. But now, with self storage hitting its all-time high in popularity, could the market slowly be getting saturated?
AJ has theories about who will and won’t get burnt over the next few years. His strong opinion on this industry is backed by a massive amount of expertise that few can rival. AJ, unlike many of his competitors, does NOT think that self storage is “recession-proof,” but he does still think that investing in this asset correctly, especially now, could be a game changer for any investor interested in a life of financial freedom.
In This Episode We Cover
AJ’s journey from insurance salesman to full-body paralysis and later self storage king
Why self storage is a misunderstood asset that most investors dismiss too easily
The explosion in self storage since 2008 and why Americans are storing more than ever before
Commercial financing and what banks want to see when buying a self storage facility
Whether or not institutional investors could own the entirety of the self storage industry in the near future
Location, lighting, design, and other aspects that make a facility high demand
AJ’s advice for brand-new investors trying to get started in self storage investing
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
James' BiggerPockets Profile
James' Instagram
BiggerPockets Podcast 286
Connect with AJ:
AJ's BiggerPockets Profile
AJ's Instagram
AJ's Website
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-50
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Landlords got used to rent prices growing every month. As home prices rose and affordability shrank, more landlords took steps to secure their cash flow by increasing rents by sometimes ten, fifteen, or even twenty percent. And, with inflation stronger than ever, most renters would be willing to pay for it. But, a reversal is happening in the housing market—one that many landlords aren’t prepared for.
Our data-first duo of Dave and Kathy are back on the show today to have a one-on-one debate over what’s causing rent prices to drop. Kathy, who has invested in numerous market cycles, knows a thing or two about what causes rents to dry up, and when we can expect growth to come back. Surprisingly, even large investors like Kathy welcome this change in rent direction. Her team has been expecting this for quite some time now!
Dave also brings in some high-value data this week to show which housing markets are seeing the most dramatic drops in rent and which are seeing double-digit growth even as the economy starts to stall. Finally, Dave and Kathy touch on multifamily’s vacancy dilemma and why there are contradictory opinions on where apartment investments could head next. If you collect rent, pay rent, or want to make cash flow, this data is crucial to you!
In This Episode We Cover
What caused rent growth to increase so much over the past two years
How the federal reserve manipulated the housing market to cause high home prices coupled with higher rents
Why rents are starting to slow down and a hint at why many landlords aren’t so worried
The real estate markets that are seeing the worst and best rent growth in America
Our continuous supply and demand problem and why millennials have been forced to pay high prices
Multifamily rental data that could spell out a dream or disaster scenario for apartment investors
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
Hear Our Interview with Multifamily Expert, Caitlin Sugrue Walter
Grab This Week’s Data Drop
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-49
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Today’shousing market has a lot of people scared, and investors are worried as well. Home prices are starting to slump, inflation is hitting decade-long peaks,and interest rates have turned everyone’s cash flow cushions into break-even deals at best. Is there any respite in the wild real estate market? And why do top investors seem so excited about it?
We’re back on another correspondents episode of On the Market, where Professor Dave has asked students Henry, James, and Kathy to bring in their favorite real estate market news for show-and-tell. These stories hit different aspects of the housing market, showcasing the cracks forming in the overall economy and what investors need to be prepared for to react. We talk about how home flips are being discounted across expensive coastal cities, why rent price growth is starting to stall, and how buyers got their negotiation power back.
We’ll also be touching on the recent inflation data, showing that we have a long way to go until we return to the good ol’ days of two-percent price growth. Then, we take a request from the On the Market Forums where we answer an age-old question: When should you sell a BRRRR property? All this, and more, coming up on this week’s data-first housing market deep dive!
In This Episode We Cover
Another nasty inflation report and what this could mean for the housing market
Why flips are becoming riskier in today’s volatile market and how to prep for a profitable flip
Rent growth data and which markets as seeing the strongest (and weakest) rent growth numbers in the nation
Why buyers are asking for more repairs, bigger seller concessions, and lower prices
When to sell a BRRRR property and using cash-on-cash return vs. ROE (return on equity)
Fool-proof deal analysis and why investors need to be careful buying in 2022 and 2023
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Jamil's BiggerPockets Profile
Jamil's Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
NPR Price Drops
Redfin Rent Growth
USA Today Punch List
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-48
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US housing markets have started to shift. The massive run-up in home prices eventually led us to high interest rates, high inflation, and a generation of renters who can’t afford to buy, even with price cuts. This should come as no surprise, as Moody's Analytics estimates that some eighty percent of real estate markets are overvalued. Of those markets, where are the opportunities to invest the highest as prices naturally start to decline?
Instead of speculating, we brought Cris deRitis, Deputy Chief Economist at Moody's Analytics, onto the show to explain why this is happening, what his team is forecasting, and how investors like us can stay prepared. Cris and his team diligently look through data to predict how the housing market will move. He knows that it’ll take time for the market to finally reach equilibrium again. But, unfortunately, this may not happen any time soon.
Cris’s team is focusing on looking at a few things: demographics, supply, and demand. Each influences the others severely and leaves hints at where the housing market is headed next. Dave and James tag-team this episode, touching on whether US housing will become even more unaffordable, long-term home supply predictions, affordable housing, and a demand drop-off that could end real estate investing over the next decade.
In This Episode We Cover
Overvalued housing markets and why most homes in the US aren’t worth the price
How to forecast housing market movements and the most important factors to look for
Whether or not the US will end up like other countries with astronomical home prices
Home price drops and how bad it could get in the most overvalued cities
Which real estate markets will still see price growth in the coming months/years
The myth of affordable housing and why everyone (and no one) wants to build it
Population drop-offs, demand shifts, and other future events that could kill the housing market
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
James' BiggerPockets Profile
James' Instagram
Book Mentioned in the Show
Real Estate by Numbers by Dave Meyer & J Scott (Use Code “DAVE” For 10% Off!)
Connect with Cris:
Cris' Email
Cris' LinkedIn
Cris' Twitter
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-47
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The 2023 housing market predictions are here. We heard you in the forums, the comments, and all over social media. We know you want Dave, the data man, to give you his take on what will happen over the next year. Will housing prices fall even more? Could interest rates hit double digits? And will our expert guests ever stop buying real estate? All of this, and more, will be answered in this week’s episode of On The Market.
Unfortunately, Dave threw his crystal ball in with his laundry this week, so he’s relying solely on data to give any housing market forecasts. He, and our expert guests, will be diving deep into topics like interest rates, inflation, cap rates, and even nuclear war. We’ll touch on anything and everything that could affect the housing market so you can build wealth from a better position. We’ll also discuss the “graveyard of investment properties” and how one asset class, in particular, is about to be hit hard.
With so much affecting the overall economy and the housing market, it can be challenging to pin down exactly what will and won’t affect real estate. That’s why staying up to date on data like this can keep you level-headed while other retail homebuyers run for the hills, scared of every new update from the Fed. Worry not, this episode is packed with some good signs for investors, but also a few worrisome figures you’ll need to pay attention to.
In This Episode We Cover
The most important variables that could impact 2023’s housing market
Which asset class will be hit hardest by price cuts and where investors can find deals
Inflation, bond rates, and how the federal funds rate could impact homebuying
Housing price predictions for 2023 and how far home prices could slide
The seller’s vs. buyer’s market and how brand new investors can take advantage
Whether or not cap rates will start to increase even as inflation pushes rents higher
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Jamil's BiggerPockets Profile
Jamil's Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
Reviewing Dave’s 2022 Housing Market Predictions
Hear Our Predictions from Earlier This Year
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-46
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Finding cash flow isn’t easy, especially with rising interest rates, high home prices, inflation, and an economic crunch on everyday investors. Where is the best place to park your cash while riding out today's economic unfolding? Some say vacation rentals—the highly popular (and even higher cash-flowing) real estate strategy many new investors have adopted. But what about medium-term rentals? They’re a cross between regular rental properties and short-term rentals, marketed mainly to traveling professionals, travel nurses, and digital nomads. How is this under-the-radar strategy faring?
Unfortunately, we can’t ask Dave this question. But, we can ask Sarah Weaver and Zeona McIntyre, two financially free medium-term rental experts and authors of the new book, 30-Day Stay. Zeona, a former short-term rental fanatic, changed her strategy after finding that medium-term rentals provide similar cash flow with far less work. Sarah Weaver, investor and real estate coach, lives her nomadic lifestyle thanks to a portfolio of high-performing medium-term rentals.
The most attractive thing about this strategy is that it can work almost anywhere, in less expensive homes, with far less work necessary. That means you get to keep traveling, investing, or whatever you like to do best, while your rental properties quietly pump out passive income. In this episode, you’ll hear all about this extremely lucrative strategy, how today’s housing market is affecting it, and what you can do to set your medium-term rental apart from a sea of others.
In This Episode We Cover
The medium-term rental strategy explained and in which markets it works best
Medium-term rentals vs. short-term rentals and the differences you can expect in cash flow, occupancy, and property price
How high inflation and limited discretionary spending will affect the medium-term rental market
The hands-off management style medium-term rentals provide investors
Furnishing your rentals for cheap and how to have a headache-free setup
Rental regulations and how new laws could affect medium-term rental investors
And So Much More!
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Book Mentioned in the Show
30-Day Stay by Sarah Weaver and Zeona McIntyre (Use Code “SARAH” or “ZEONA” for a discount)
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-45
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Dollar-cost averaging is advice we’ve all been given. But, during a crash, or even a dip, it can be enticing to throw all your savings into an investment with hopes that it’ll quickly skyrocket back up. Is this a smart move, or would this ruin the “consistent investing” advice altogether? To help clear things up, we’ve brought on Nick Maggiulli, author of Just Keep Buying: Proven ways to save money and build your wealth.
Nick, just like Dave, has been a spreadsheet freak for a long time. They bond over their love of data and how looking at the numbers can help you make much better investing decisions. In a time where FOMO-investing, financial freak-outs, and anxious feelings toward inflation run rampant, Nick provides some soothing words on how any investor in any asset class can successfully start building wealth with little-to-no effort.
Dave, Nick, and expert guest Henry Washington also riff on REITs (real estate investment trusts), real estate investing, and advice for new investors. Whether you prefer stocks, bonds, rental properties, crypto, or a mix of all four, this episode will provide some much-needed advice for you to make it through the recession with far less stress.
In This Episode We Cover
Dollar-cost averaging and whether this investing strategy works for real estate
FOMO investing and why so many people buy at the top
The two different definitions of dollar-cost averaging and which is the better bet
Investing during an economic crash and how even uninformed investors can make money
Advice for brand new investors and why now may be the best time to invest
And So Much More!
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Books Mentioned in the Show
Real Estate by the Numbers by Dave Meyer and J Scott
Just Keep Buying by Nick Maggiulli
Connect with Nick:
Nick's Website
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-44
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Gen Z, the generation just on the cusp of homebuying age, may not have a chance to buy homes in the first place. For years, we’ve heard how millennials have been struggling to buy homes—but what about the generation behind them? With rising affordability issues, wages that won’t match inflation, and a recession on the horizon, will this newest generation ever be in the clear to become homeowners? Or, will they become the largest generation of renters the world has ever seen?
In today’s episode, Dave breaks down the data behind the demand, showing where Gen Zers are heading, what they’re buying, and whether or not they even want to buy homes at all. This data highlights significant differences in where renters/homebuyers of this generation are moving. Landlords, pay close attention—buying in any of these high-demand cities could mean steady rent checks for years to come.
We also chat with twenty-four-year-old investing mogul, Soli Cayetano, a Bay Area-based investor who grew her portfolio entirely out-of-state. Soli, being one of the oldest Gen Zers, has insight into why some of her peers will/won’t be buying homes anytime soon. She also gives some stellar advice to new or young investors just getting into the rental property game.
In This Episode We Cover
Whether or not millennial housing demand is peaking and how household formation is changing
Gen Z’s outlook on homeownership and why many are choosing to rent
The top cities where Gen Z renters and homebuyers are moving to
Home affordability and why it may stop Gen Z dead in their tracks
The easiest way for Gen Z to begin investing in real estate (low money down!)
Starting and scaling an out-of-state rental property portfolio
And So Much More!
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moveBuddha
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Book Mentioned in the Show
Real Estate by the Numbers by Dave Meyer and J Scott
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-43
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Commercial real estate isn’t the sexiest asset class out there. With industrial, office, and warehouse buildings, most investors are enticed by single-family homes, duplexes, triplexes, and other “traditional” types of real estate. But in a recession, these may not be the best asset classes around. J Scott, author, investor, syndicator, and the godfather of flipping, thinks these often overlooked asset classes could be primed to explode in value over the next few years.
Welcome to On the Market, where familiar faces Dave Meyer and Henry Washington invite J back to the show to talk about inflation, interest rates, and the best real estate opportunities around. We also talk about the importance of knowing how to analyze deals during times like these, as price drops could allow you to build wealth far faster than ever before. If you’re still new to real estate, waiting to get your first deal, or want to build your portfolio to greater heights, grab Dave and J’s new book, Real Estate by the Numbers, where they go into factors behind the formulas.
In this episode, we debate single-family homes vs. large multifamily and commercial investing, how to go beyond the numbers, and the crucial questions to ask when buying or selling a real estate deal. Plus, you’ll peak into the minds of one of the most successful real estate investors around, whose track record speaks volumes, and hear exactly what he’s buying in this market.
In This Episode We Cover
Why many real estate investors are choosing to sit on the sidelines as interest rates rise
Whether or not the housing market will change as the recession becomes real
The long-term and short-term investment opportunities for real estate investors
Investment property niches and which have the highest ROI in today’s housing market
Are single-family homes still worth buying, or are they far too overpriced?
How to avoid the trap that 95% of real estate investors fall into
And So Much More!
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Book Mentioned in the Show
Real Estate by the Numbers by Dave Meyer and J Scott (Use Code “DAVE” or “JSCOTT” for 10% Off)
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-42
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The 2020-caused supply chain shortage went from bad to worse over the span of just a month. By the summer of 2020, builders were facing massive delays, a lack of labor, and material prices that made new homes look almost comically unaffordable. Lumber skyrocketed in price, basic building materials sat on ships for weeks, even months at times, and subcontractors left to get paid more by working for themselves. Is this nightmare finally over for the new construction industry?
Joining us today is build-to-rent expert Chris Funk from Southern Impression Homes. Chris got into real estate investing around the same time as the last crash. He was buying foreclosed homes off the courthouse steps, then later built a property management company and a new development company he still owns and operates today. He realized that buying new build homes as rental properties significantly reduced his maintenance and management costs, without adding too much of a price premium.
Now, he’s working with investors across the nation to offer new-build quality at regular residential pricing to those who want a headache-free investing experience. But Chris doesn’t just supply the homes, he also works with investors to get property management set up from day one, so it’s as turnkey as can be. Chris gives his read on today’s market, what investors should look for before they buy, and whether or not our supply chain nightmare is over!
In This Episode We Cover
Why build-to-rent investment properties are a great option for the average investor
The most important metrics to look at when analyzing a real estate market
Supply chain shortages, labor setbacks, and where construction companies stand in 2022
Price drops and how far new home listing prices could fall as demand dries up
The risk of investing in a renter-only subdivision and why homeowner/renter diversity matters
A crucial clause to look for when signing to buy a new build home
And So Much More!
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4 Vital Points to Consider BEFORE Getting Into New Construction
The FRED Producer Price Index
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Chris' Website
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-41
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Housing demand has caused home prices to explode over the past two years. But, even as interest rates rise, the Fed tries to curb inflation, and would-be-homebuyers enter back into the renter’s market, there still isn't enough land to go around. For developers like Tommy Beadel, this is a good problem to have. On one hand, tailor-made homes for new homebuyers sell out quickly, but without a ton of deals to go around, where do you go to find good dirt?
Tommy is the CEO of Thomas James Homes, rebuilding experts in the Seattle, SoCal, Silicon Valley, Denver, and Phoenix markets. They do what most flippers won’t—buying old, often outdated homes, tearing them down, and rebuilding them to fit today’s standard. Doing this allows them to sell at the highest price to a consumer that only wants the best and latest home to buy. They skirt the line between new development and renovating/rehabbing homes, but this niche has paid off.
Unsurprisingly, Tommy came from a background like most of us. He attended a real estate seminar, surprisingly didn’t get scammed, and house hacked right out of college. His passion for real estate grew from there, taking him from the mortgage industry to investing and now building. But Tommy is convinced that his niche isn’t a cyclical one. Instead, it’s something he can rely on that will stand the test of time. He’s got the data to back it up, and you’ll hear all of it in this episode.
In This Episode We Cover
The “tear down, build up” style of new construction and why there’s so much demand for it
The property product-market fit and how today’s trends show what a homebuyer wants
Scalability vs. predictability and the most crucial aspect of growing a real estate business
What predicts a profitable housing market and the data you need to know before you invest
Material and labor costs and some good news for builders/rehabbers
Entering back into a “middle-ground housing market” as sellers and buyers reach a stalemate
And So Much More!
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Where Does Housing Demand Exceed Supply?
Use NeighborhoodScout to Find Market Data in Your Area
Connect with Tommy:
Tommy 's LinkedIn
Thomas James Homes
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-40
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The Federal Reserve has spent the past year or so fighting inflation as hard as they can. They’ve raised the federal funds rates, resulting in a stunted housing market, higher unemployment, and more economic uncertainty as the fear of a recession becomes more real by the second. Their end goal is simple: control the cost of goods and services to the best of their ability, and they’re doing anything and everything to get there.
Last week, Jerome Powell and the Federal Reserve made statements that foreshadow clear economic impact. No matter what line of work you’re in, how you’re investing, or whether or not you even pay attention to the economy, you will be affected. This war against inflation has caused some serious economic backlash, but the worst may be yet to come.
On this Friday episode of On The Market, Dave takes some time to decipher what Jerome Powell (Chair of the Fed) meant by his statements. What type of economic impact can you expect over the next coming months, and how will real estate investing, interest rates, and returns be affected by this news? If you’re a renter, homeowner, or still shopping the market, this news directly affects you.
In This Episode We Cover
How federal funds rates indirectly affect mortgage rates rising and falling
Mortgage and interest rate predictions and how long we’ll remain in “high rate” territory
The Fed’s focus in the next few years and what they’ll do to ensure inflation declines
Housing market forecasts for 2023 and a glimmer of hope for buyers
The oncoming economic recession and how the Fed is building the perfect storm for unemployment
Bond yields vs. mortgage rates and how they too work in tandem
And So Much More!
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Housing is Unaffordable, But Could It Actually Get Worse?
The Fed Basically Admitted It. They Want a Housing Correction
Read Jerome Powell’s Full FED Transcript
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-39
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Don’t you love Wall Street? From artificially inflating the housing market to kicking first-time homebuyers to the curb, and now, selling off their inventory at a fraction of the cost. Wall Street and hedge funds alike seem to be the big landlords giving the rest of us a bad name. But, their latest blunder could bring about good news for the average mom-and-pop investor, house hacker, or even regular first-time homebuyer.
Welcome back to On The Market, your bi-weekly update on everything related to real estate. Today, our panel of expert investors has brought along the most pressing stories related to property buying, selling, flipping, and wholesaling. You’ll hear why Wall Street may be turning away from real estate investing entirely, the Fed’s backpedaling on their money printing mistake, why new listings are dropping off, and which cities make the list of the most vulnerable housing markets in America.
There’s no need to start getting sweaty—although many headlines seem anxiety-inducing for the average renter, homebuyer, or seller, for real estate investors, most of this is great news. With buying opportunities almost burying us, 2022 is starting to look a lot more lucrative than we thought it would! Wondering what’s the best move to build wealth? Stick around!
In This Episode We Cover
How treasury yield rates have forced Wall Street to take a step back on buying properties
The Fed’s “quantitative tightening” that’s trying to suck money out of the market
The fifty most vulnerable housing markets in the US (and why you’ll want to start investing in Arkansas)
Record rent growth and how interest rates could exacerbate the situation even more
Why new home listings news could pave the way for a second inventory crisis
Whether or not to wait or buy real estate even as interest rates rise
And So Much More!
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Kathy's Instagram
Treasury Yields
Quantitative Tightening
Most Vulnerable Housing Markets
Rents Hit Record High
New Listing Drop Off
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-38
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Modular homes don’t have the same market sentiment that traditional housing does. For many people, the thought of building a home in a factory only comes with anxiety. Decades ago, modular homes were built using cheap materials with virtually zero energy efficiency. Now, thanks to companies like Vantem, you can buy modular homes almost indistinguishable from the one built on-site right next door. But, these two home builds operate on a much different budget.
To go over all the fine details, Vantem’s CEO, Chris Anderson, joins us in this episode. He started building factory-finished homes after seeing how inefficient the modern-day homebuilding process was. With the help of an expert team, Vantem dramatically reduced not only material but labor costs when building these almost indestructible, massively energy-efficient homes.
But modular homes seem to be the gift that keeps on giving. Even with a cheaper sales price, homeowners and landlords can see ridiculous cost savings over the life of their investment, with energy costs hitting rock bottom and environmental efficiency being so high that it’s almost unheard of. Whatever your preconceived notions were about modular homes, prepare to have them changed in this episode.
In This Episode We Cover
Massive time and cost savings from building modular vs. traditional homes
Energy efficiency and why Vantem’s modular homes are net zero almost immediately after manufacturing
The evolution of modular homes and why today’s builds beat regular rental properties
Why lenders, local government, and insurance companies are so pro-modular home building
How factory-built homes stay almost indestructible against natural disasters
And So Much More!
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BiggerPockets Podcast 593
On The Market Podcast 29
Learn More About Modular Homes
Will 3D Printed Houses Solve the US Housing Crisis?
What are the Differences Between Manufactured, Modular, and Mobile Homes?
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Chris' website
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-37
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High interest rates are here. The mainstream media would tell you that it’s time to sit down and have a long sob over the soon-to-be-dead housing market. “It’s over, everyone! No more deals for sale because interest rates are around 6%.” You probably don’t believe such housing market heresy, and the investing experts we’re bringing on today don't either. They’ve been investing throughout the past two decades and have come to a surprising conclusion: today is the easiest time to buy in years!
That’s right, the time-tested real estate investing authorities know that even with rising interest rates, some real estate strategies still work, and may even work better thanks to today’s climate. On with us today are Avery Carl, David Greene, Jamil Damji, and Pace Morby, all representing different types of real estate investing. From short-term rentals to BRRRRs, creative financing, and wholesaling, these experts agree that if you’re trying to make money in real estate, there’s no better time than now to start.
In a friendly cash flow cage match, we let each strategy-specific expert give the pros and cons of their preferred investing method, as well as how 2022’s rising interest rates, seller fear, and market speculation is affecting them. If you’re sitting on the fence, waiting for the right time to buy, this may be just the episode to push you over to the cash flow-collecting side!
In This Episode We Cover
The BRRRR method, short-term rentals, wholesaling, and creative finance explained
Whether or not rising interest rates are a blessing in disguise for the real estate industry
Cash flow “turbochargers” that let you build wealth far faster in real estate
The one and only “risk-free” way to start investing that works for any skill level
Concerns about each real estate investing strategy and which has the largest downside
Real estate leverage and strategies you can use that don’t involve debt
And So Much More!
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BiggerPockets Podcast 593
On The Market Podcast 29
Books Mentioned in the Show
David Greene's Book Collection
Short-Term Rental, Long-Term Wealth by Avery Carl
Connect with David, Jamil, Avery, & Pace:
Avery's BiggerPockets Profile
David's BiggerPockets Profile
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-36
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For the past couple of years, new construction homes were the envy of the neighborhood. They had brand new granite countertops, walls without holes, and sometimes a garage door! In 2020 and 2021, homebuyers were happily bidding over asking price just to get a new home, even if that meant missing appliances or garages that couldn’t even close. Now, builders are offering incentives and slashing prices to get buyers through the door. What happened?
What comes up must come down, and this rings true in the 2022 housing market. New homes couldn’t be built fast enough last year, but now, builders are trying to liquidate their homes as quickly as possible. But this doesn’t affect us everyday homebuyers—right? Not quite. These price cuts and dwindling demand could feed an even more gruesome economic beast that many of us aren’t prepared for.
On this Friday episode of On The Market, Dave is flying solo as he gives us the data and insight behind the new construction market. He also touches on the three economic impacts of this large-scale sell-off. The housing market has been bumpy over the past few months, but it may get even wilder.
In This Episode We Cover
The new construction vs. existing homes market and how they differ in demand
Why homebuyers were willing to pay a premium for new homes but now are sitting silently
How a slowing construction market could lead to an even more intense housing supply shortage
The US economy and real estate market's impact from these price cuts
Whether or not existing homes will see an uptick in demand as new construction lags
And So Much More!
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On The Market Podcast 31
Is The Housing Market About to Collapse? What Investors Need to Know
National Association of Home Builders Data
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-35
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Home sales are starting to slump, days on market continue to climb, and price drops are becoming the new norm. Are we on the cusp of a 2008 housing market crash repeat? Or, are these eerily similar signs of a large-scale sell-off just coincidental, without much backing behind them? The On The Market Team wanted to know exactly how close we are to repeating the same mistakes from fourteen years ago, and whether or not the runup in buying activity over 2020 and 2021 could lead to a lackluster housing market for years to come.
We’ve brought our entire panel of experts back on the show so we can get an up-to-date read on everything happening in today’s housing market. With fears of a recession on the horizon, buyers and sellers live in fear of what could happen next. But are these “panicky” investors looking at the full data set that Dave and the rest of the team have been able to dig up?
In this episode, we’ll compare four of the most important metrics that could influence today's housing market to 2008 data. These include consumer debt and mortgage quality, defaults and home foreclosures, housing market inventory, and appreciation and growth rates. Are we closer to a housing market apocalypse than we thought or are media outlets using a “crash” as a fear tactic to keep homebuyers out of the loop?
In This Episode We Cover
August housing market data and whether or not real estate still looks strong
Crash vs. correction predictions and which way the market could slide
Mortgage quality stats and where modern-day homebuyers stand when compared to 2008
A massive year-over-year increase in foreclosures and how it may hurt the housing market
Demographic data that could force first-time homebuyers to get even more desperate
Lessons learned from the 2008 crash and what experts and investors warn against
And So Much More!
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Hear Our Interview About Foreclosures with Rick Sharga
Get Redfin’s Up-To-Date Housing Market Data
Key Takeaways From the ’08 Recession That Apply Today
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-34
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It’s a little strange how long it took build-to-rent real estate investing to catch on. For decades, landlords were used to buying older homes, many without renovations, and renting them out to whoever needed housing. This trend has continued up until today as numerous buy-and-hold investors buy homes well past their prime. It seems almost natural to think that building brand new homes would allow you to get the highest rent price, and that’s why so many investors, like Fundrise’s CEO Ben Miller, are so gung-ho about build-to-rent rentals.
Ben Miller knows the housing market/real estate industry inside and out. He’s helped over 350,000 real estate investors passively make profits through Fundrise’s simple and groundbreakingly open investing platform. Any investor, accredited or not, can now get a piece of the pie on a cash-flowing property, even if they don’t have enough money to buy it themselves.
Since Ben is at the forefront of this industry, it serves him well to know which areas are trending, how investors can get ahead, and the asset classes most worth investing in. He shares valuable insight on how institutional investors operate, why many active investors still choose to invest with Fundrise, real estate markets with the strongest property potential, and why build-to-rent could deal a serious blow to the multifamily and commercial office industry.
In This Episode We Cover
How any investor, no matter how much money they have, can start investing in real estate
Passive vs. active investors and which are better suited to use Fundrise’s platform
Top real estate markets and when the sun belt may start to see a shift in demand
Why build-to-rent could pose a threat to multifamily housing
Inflation, supply chain issues, and the “shadow real estate industry” no one talks about
Buying from big developers as home sales come to a halt and prices drop
And So Much More!
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-33
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The housing market, for most people, seems like an unaffordable investment. For years, housing unaffordability was climbing, but not fast enough to keep average Americans from buying primary residences. Now, combine rising interest rates with all-time high appreciation, and the average renter can’t afford a home in most American metros. But how did this all come to be, and is there a chance that home affordability could get even lower than it stands today?
We wanted to know how affordability in the United States compared to other similar countries around the world. Although most Americans would call today’s real estate market completely unaffordable, the data seems to point to something different. There are numerous real estate markets around the country boasting low home prices, high rents, and population growth to support any investment decision. But where are these markets?
Dave does his best in this episode to give you a quick overview of how affordability works. We also talk about what causes housing markets to become unaffordable, which metro areas are the most and least unaffordable, and how the United States ranks when put head-to-head against other economies. Thankfully, there is some good news for landlords throughout this episode, so be sure to stick to the end!
In This Episode We Cover
The three factors of an affordable/unaffordable housing market
What caused the United States housing market to become so unaffordable
Will unaffordability problems lead to a real estate bubble in the future?
The most (and least) affordable countries around the world
Whether or not affordability could get even lower as wages stagnate and interest rates rise
What investors can do to capitalize on affordable markets with growing populations
And So Much More!
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Black Knight
NAR Housing Affordability Index
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Demographia International Housing Affordability
How Work-From-Home “Hotspots” Drove the Housing Market Even Higher
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-32
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Home prices are a big part of the housing market. But not as big as interest rates. As the Federal Reserve sets out to “kill the economy” with rising mortgage rates, researchers like John Burns dig through the data to find out what real estate investors can do to take advantage. John isn't a beginner in the real estate space—his consulting company has been doing this type of work for two decades, providing some of the biggest real estate investors with the most up-to-date information.
John isn’t optimistic about this housing market. The data he’s been collecting shows that home prices could see dramatic drops over the next couple of years and that the housing supply problem may only get worse. But, he also sees opportunities for investors that could take the place of the appreciation gains we got all too used to. John’s team participates in over nine hundred consulting studies a year, meaning if there’s one person who knows what’s happening in the housing market, it’s probably him.
In this episode, we talk about housing market predictions, how flippers got caught, why Ibuyers are less of a threat than most investors think, and what will happen to the housing supply as developers start selling off homes at break-even prices. Are we heading towards a 2008-sized cliff or could this be a small hiccup on the continuous road to real estate appreciation?
In This Episode We Cover
The new development vs. resale housing market and what they say about the economy
An unbelievable opportunity for apartment investors as homebuying dries up
Housing supply and why builders may not be in the same predicament as in 2008
Ibuyers/institutional investors and why they’re a much smaller threat than most people think
The home price “wipeout” that is coming down the pipeline for sellers
Why refreshing/remodeling homes could make a profitable comeback this decade
And So Much More!
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On the Market Podcast 14 with Logan Mohtashami
On the Market Podcast 17 with Rick Sharga
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-31
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Multifamily real estate has been on a tear for the past two years. This is not only thanks to 2020-induced rent growth and price appreciation but also due to simple supply and demand. As millennials, a rent-rather-than-own generation, enter into peak homebuying age, many still choose to rent—instead of buy. This presents a unique opportunity for real estate investors, as multifamily demand skyrockets while inventory can barely keep pace.
But rising interest rates are starting to make the housing market look shaky. Is there still a strong demand for multifamily, and if so, how will prices change if financing becomes more expensive while building faces a bottleneck? We’ve brought on Caitlin Sugrue Walter, Vice President of Research at the National Multifamily Housing Council, to give her take on the multifamily investing situation.
Caitlin knows the apartment investing numbers, arguably better than anyone else, and sees some movement on the horizon. She diagnoses exactly what has led to such high demand for apartment rentals, why builders got stuck in developing quicksand, and whether or not rent prices are still poised to increase as we close out 2022. She also hints at the best markets for multifamily investment in the nation and what investors can expect to happen to prices as cap rates begin rising and new interest rates take their toll.
In This Episode We Cover
The building bottleneck affecting multifamily housing and its opportunity for investors
Luxury apartment buildings and why A-class apartments have become the new norm
Rent control and why it often hurts the same people it’s trying to protect
States with the highest multifamily demand and how large industries affect it
Institutional investors, private equity, and other large buyers who are taking on multifamily
Work from home’s retracement and how it may shift occupancy in large cities
And So Much More!
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How Work-From-Home “Hotspots” Drove the Housing Market Even Higher
Learn More About the National Multifamily Housing Council
NMHC’s Affordability Toolkit
We Are Apartments
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-30
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Subject to is a strategy that most real estate investors aren’t aware of. It’s often done to buy deals with no money down, surprisingly low interest rates, and without closing costs or any other upfront fees. It sounds almost too good to be true until you understand how subject to works. For the past two years, subject to deals slowly started dying out. Since homeowners had equity in their properties, there was more incentive for them to sell on the market. But, over the past few months, things have changed in a dramatic way.
Pace Morby, the internet’s creative financing poster child, has seen subject to deals explode as desperate sellers try to get out of homes they didn’t think they’d be stuck with. This presents the perfect opportunity for investors who don’t have a lot of cash but want to buy real estate as the housing market hits a soft spot. On today’s show, Pace will walk through multiple real-life deals that helped him create six-figure cash flow without any money out of pocket.
But Pace isn’t only interested in subject to deals. He’s bought numerous seller-financed properties as wealthy sellers are looking to exit without paying a high agent commission or capital gains taxes. Pace sees serious opportunities in multifamily and commercial real estate. Much of this means that more deals are available for any buyer willing enough to pick up a phone and talk to a seller. The question is: will you place the call?
In This Episode We Cover
The subject to strategy explained and why 2022 presents a perfect opportunity to try it
Creative financing and how to buy properties without using the banks or traditional lending
Building six-figure cash flow with no money down and rock-bottom interest rates
The pain vs. gain seller and which strategy works better for each seller
The antidote to high interest rates and why many sellers are willing to give you a great deal
Housing market forecasts and why sellers need to start getting more realistic
Why sellers choose to sell via owner financing and subject to strategies
And So Much More!
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Pace’s Episode on The “BiggerPockets Real Estate Podcast”
Subject To Real Estate Explained
Book Mentioned in the Show
Real Estate by the Numbers by Dave Meyer
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-29
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Single-family vs. multifamily investing. We can go on this debate for days. Small-time investors favor single-family rentals due to their low barrier to entry and ease of management. Big players and passive investors far prefer multifamily thanks to its scale and ability to bring in some serious cash flow. But, it seems that many multifamily investors have lost their way. For the past two years, buying almost any multifamily property was considered a good investment, but now things are starting to shift.
Today we bring you two separate deals, one from Henry Washington and the other from Kathy Fettke. One is a single-family flip, and the other is a “passive” multifamily buy-and-hold. You’ll hear why one of these deals got ditched while the other should fetch a handsome return. This top-level analysis can help you debate future deals, as some properties look far better on paper than in real life.
We’ll also touch on the latest inflation news and an update on housing market inventory. One story shows some hope of the economy recovering, while the other could spell troubling times for investors coming up ahead. In the “News vs. Noise” section, you’ll hear exactly why a housing market crash may be delayed a bit longer and how more money could be pumped back into the economy, stimulating sales and boosting buyer activity.
In This Episode We Cover
Deep dives into two live deals that Henry and Kathy have been presented with
The latest inflation numbers and some promising signs of real economic growth
Why home listings dropped by double-digit percentages and how this will affect the housing market
Real estate syndications and how past successes are putting today’s deals in jeopardy
Aggressive underwriting and why every passive investor MUST vet the deal before they invest
1031 funds and using Delaware statutory trusts (DSTs) to limit your tax burden
The tell-tale signs of a great rental market in 2022’s changing economy
And So Much More!
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Our Last Episode on Finding the Perfect Property Market
Redfin Reports Newly-Listed Homes Fall Most Since 2020
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-28
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Real estate markets are local, not national. When someone says, “the housing market is about to drop,” you have to ask, “which housing market?” Every city has different migration patterns, housing market activity, building codes, and inventory. One market in the Midwest could see price jumps while somewhere on the coast sees declines. So, which markets are getting hit hardest in the latest round of price cuts and which are still on their way up?
You’ll need to know the different housing market metrics before making a prediction. But you don’t have to look into the data by yourself. You have Dave Meyer by your side! Dave has been looking at a few key markets to uncover which are seeing home price drops and which are seeing appreciation. Traditionally “strong” cities are getting hit the hardest as interest rates rise and inventory comes on the market.
Some cities look like they’ll see double-digit price cuts over the next two years, while others that have already seen record price growth will continue to outshine their more well-known coastal counterparts. As an investor, this is the exact type of data you need to know when making housing market decisions. The right market could lead you to financial freedom, while the wrong one could burn your hard-earned capital!
In This Episode We Cover
The five most important housing market metrics to predict future price trends
Why coastal cities are getting hit hard by recent home prices declines
Which factors are causing increased prices and which are forcing down declines
Looking at long-term and short-term growth rates to forecast prices
Why some markets are starting to return to “pre-pandemic” housing market conditions
The ongoing affordability crisisand why many homebuyers can’t afford homes in popular markets
And So Much More!
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-27
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Interest rates are dipping below five percent, hedge funds and institutional investors are starting to sell off their homes, and inexperienced syndicators are getting stuck with bad deals. Is this the everyday investor’s version of a miracle? Nope, it’s just another week in the wild 2022 housing market! Joining us is the entire On The Market panel to talk about which up-to-date, hard-hitting stories affect investors the most.
To start, we’ll talk about Invitation Homes, one of the most prominent institutional real estate companies, and how they’re being accused of using unpermitted work to renovate their recent acquisitions. Within the same vein, Opendoor, another institutional investor, was fined a whopping $62M for “deceptive marketing”, but did they really make promises they couldn’t keep? Don’t worry, this isn’t an entirely iBuyer-only episode.
Our last two stories cover commercial real estate and interest rates. More commercial deals are starting to see cracks in their literal and figurative foundation, as inexperienced investors are being slapped with higher fees and rates from banks as their properties become less valuable. But, some good news for investors is that mortgage rates have finally dropped below five percent, getting us closer to the rock-bottom rates we were used to in 2020 and 2021. But can these rates be counted on, or will they skyrocket back up once the Fed has had enough?
In This Episode We Cover
Why hedge funds are hurting and failing to keep up with maintenance on their properties
The “deceptive marketing” tactic OpenDoor used to lure in new customers
How rapid “repricing” is changing the way commercial real estate deals are done
Jamil’s $2.5M mistake and why you should always focus on your own area of expertise
Low interest rates and why banks are offering them even as the Fed pushes for increases
And So Much More!
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Invitation Homes
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-26
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What do work-from-home employees and the housing market have to do with each other? Surprisingly, a lot. At the start of 2020, as the first lockdowns were rolling in, many companies made the wise decision to allow their workers to temporarily work-from-home. As temporary became seemingly eternal, more employers started developing permanent work-from-home regulations, allowing employees to, on average, work at their residence for about half of the workweek.
With this enhanced flexibility, employees were more likely to move to places their jobs didn’t confine them to. If they were used to snow and sleet, they may have moved to Arizona, Texas, or Florida. If they were stuck in urban areas like New York City and San Francisco, the more suburban allure of Boise, Denver, or Raleigh pulled them even closer. Now, these high-paid, location-flexible workers were on the hunt for houses. And as a result, home prices skyrocketed while affordability plummeted.
It’s becoming more and more evident how much of an impact remote work plays on the housing market, but what can landlords do with this information? Dave has already dug through the research so you don’t have to, and he brings on this show three factors of a work-from-home “hotspot” that could forecast big home price appreciation. These three factors could point you on the path to buying in the nation’s next best real estate market!
In This Episode We Cover
The latest remote work trends and whether or not working from home is here to stay
How work-from-home policies have affected productivity in the workplace
The three factors of a work-from-home “hotspot” that could explode in popularity
How more remote workers affect the housing market, migration, and home prices
Whether or not a recession could end the work-from-home movement and force workers back into the office
The real estate markets that are starting to cool after huge home price appreciation
And So Much More!
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The Do's and Don'ts of Returning to the Office by Adam Grant
NBER: Pandemic-Induced Remote Work and Rising House Prices
Listen to Our Episode with Redfin’s Taylor Marr
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-25
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Climate change and real estate. Most people would say that they’re related, but not in a substantial way. We all know that homes can flood, catch fire, or be blown away from a tornado, but how many real estate investors are looking at the climate risk data before making a real estate-related decision? Institutional investors have been using climate change data to make educated decisions for decades, so why aren’t we doing the same?
Cal Inman, lecturer at UC Berkeley and principal over at ClimateCheck, saw that real estate developers were regularly looking at climate data to make decisions. As a small landlord himself, he struggled to find this same type of data for his residential properties. As fire and flooding became more prevalent throughout the United States, Cal knew that this data was imperative for homeowners, not just large-scale investment firms.
Now, thanks to ClimateCheck, homeowners, buyers, and sellers can look at the climate change-related risk before they put any money into a property. Cal also shares why and where climate risk is rising, the safer parts of the US to invest in, and how different regions of the country are preparing for more elevated climate-caused catastrophes. If you’re investing on the coasts, in the plains, or anywhere in between, the data could completely change your investing strategy.
In This Episode We Cover
How real estate developers use climate data to make better investing decisions
Whether or not climate risk is rising and in which markets is it impacting the most
Why coastal investors especially need to be specific about where they decide to buy
What small investors can do to mitigate the risk of losing their properties to climate emergencies
The impact climate change will have on US migration and renting/buying trends
And So Much More!
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Check Your Home’s Climate Related Risk with ClimateCheck
Redfin and ClimateCheck’s Guide to Climate Data
How Much Risk Does Climate Change Actually Pose To Real Estate?
Connect with Cal:
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-24
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The US economy has seen a couple of recessions over the past two decades. The most brutal one being the great recession, which remains an anomalous event. Fast forward twelve or so years, and we entered into the 2020 recession, one of the fastest recessions ever recorded that resulted in a massive run-up of stock, crypto, and real estate prices. Now, as a recession looms on the horizon, Americans are struggling to figure out whether or not we’re about to hit a short-term speed bump or a long-term depression.
So many different economists, newscasters, and financial bloggers love to debate whether or not we’re truly in a recession. By definition, we should be, but the experts are slowly taking their time, trying to calculate the true impact of this latest economic cycle we’ve entered. But does being in a recession really matter? Yes, recessions affect almost every aspect of financial life. Labor slows down, consumer prices go up while asset prices drop, and it’s harder to make economic progress. But, is that what we’re experiencing in 2022, or is the term “recession” just propping up fabricated fear that matters far less than we think?
In this bonus episode of On The Market, Dave gives his insight into whether or not the US economy has entered a recession, how this affects real estate investors, and why experts can’t agree on a definition. If you’re actively investing, Dave gives some good advice on how to keep your head screwed on straight while every news outlet plays chicken little.
In This Episode We Cover
Why experts can’t agree on whether or not we’ve entered a recession
GDP decline and how inflation has outpaced our growth as an economy
How past recessions compare to what we’re going through today and what we can learn from them
Mortgage and interest rates and how a further economic decline could affect investors
The three most important metrics to watch as a recession becomes more likely
The key performance indicators that show economic growth, not decline
And So Much More!
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On The Market 14 with Logan Mohtashami
On The Market 17 with Rick Sharga
Our Recent Panel Discussion on Home Prices
U.S. GDP Shrinks By 0.9%—White House and Experts Push Back On Recession Claims
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-23
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Your next property purchase might just be a 3D-printed house. Don’t believe us? With lower housing costs, immediately replaceable/printable parts, and homes that can be built in six months (or less), traditional real estate developers may find themselves in a pinch when trying to compete against these perfect printable properties. With a huge inventory shortage and housing crisis throughout the United States, 3D-printed homes may just be the ultimate solution nobody believed could happen.
As a true believer, Zachary Mannheimer, CEO and founder of Alquist 3D, knew that 3D printed houses would sooner or later become the future. With labor and material costs skyrocketing and real estate development becoming eye-wateringly expensive, Zachary became keen on finding an affordable solution. His team now has plans to build 200+ homes for underserved communities and has already begun expansion across the eastern United States.
And this isn’t all theory. Zachary’s team has already built multiple 3D printed homes, one of which has a family living in it. They’re facing an influx of orders and can’t keep up with demand, but are slowly building economies of scale to make 3D printed housing one of the biggest industries in America. Zachary confidently estimates that by 2025, you won’t be asking if 3D printing is possible, you’ll be asking when you can preorder your next property.
In This Episode We Cover
The true cost of a 3D printed house and how labor and material costs will shrink as the industry expands
Project Virginia and how Zachary’s team is building affordable, high-quality housing for communities with rock-bottom inventory
How to buy and build a 3D printed home by working with Alquist 3D
The new 3D printing industry that will create hundreds of thousands of jobs over the next decade
How long it takes to build a 3D printed house and how to print your own materials
And So Much More!
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Check Out Zachary on This Month’s BiggerNews Episode
Watch 3D Homes Get Printed
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-22
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Is some alleviation from inflated home prices headed our way? Over the past two years, sellers have taken the housing market for a ride, getting dozens of offers on every listed house. No matter the condition, area, or age of the property, buyers were filling open houses every weekend just to make an over-asking offer on what should be a reasonably priced house. Now, the tables are starting to turn, and as a result, sellers are getting desperate.
Interest rates are rising and buyers are backing out of the market by the dozen. Instead of twenty offers in a weekend, sellers are looking at two, and none of them are over asking price. This is good news for home buyers and great news for investors, as deals are becoming easier to come by while the housing market hysteria takes a breather.
We brought the entire On The Market panel in this week to see where they’re finding deals, how their own markets are fairing, and what investors should look for on the horizon as demand steadily starts to slow. We also go into the future of housing inventory and how another inventory crisis could be coming soon.
In This Episode We Cover
June housing market updates and why the housing market is starting to slow
Why fear-first sellers are dramatically lowering their asking prices simply to sell
Could we enter into another inventory crisis and why some investors think this dip is only temporary
Where to find deals in today’s market and why real estate agents may become a phenomenal deal source for you
How flippers and BRRRRers can prepare for housing prices to head back down
And So Much More!
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On The Market
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Grab This Episode's Data Drop (Lead Indicator Data for US Housing Markets)
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-21
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Real estate wholesaling is one of the most hated, commonly criticized, and least-trusted types of real estate investing. Most people paint real estate wholesalers as those who lie to sellers, incorrectly run comps, and try to market bad deals to unexpected investors. This is all said while top real estate investors around the country continue to buy from wholesalers. So what is it? Are real estate wholesalers a parasite to the property investing industry or are they the symbiotic counterpart every successful investor needs?
To put it simply, wholesaling real estate is when a wholesaler will put a property under contract for a certain price, then market the property to investors at a higher price, and keep the difference once the property is handed off. Think of wholesalers as the middlemen between a distressed seller and a real estate investor looking for undervalued deals. In a perfect world, all three parties walk away from the transaction happy. But how often does this happen?
Jamil Damji, James Dainard, and Henry Washington are on this week to talk about how to wholesale, what most wholesalers get wrong, and whether or not real estate wholesaling still works in 2022. Jamil and James are both active wholesalers, while Henry often buys his properties from wholesalers. They give a “wholesaling 101” course to any new investor looking to find deals as well as to new wholesalers trying to get their seed money started.
In This Episode We Cover
Whether or not a recession is here and how high interest rates may go in 2022
What is wholesaling and why real estate wholesalers are so hated in the industry
Is 2022 a good time to start wholesaling or should investors wait until home prices drop
Why wholesaling may be the single best way to get a world-class real estate investing education
Which properties to wholesale vs. keep when investing and flipping contracts
Vetting your wholesaler and how to know you’re buying a real deal
And So Much More!
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On The Market
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Grab This Episode's Data Drop (Questions to Ask Your Wholesaler)
The Newbie’s Guide to Wholesaling in 7 Simple Steps
The Big Mistake I Used to Make When Qualifying Wholesaling Leads
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-20
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Does a stock market crash affect real estate? We’ve seen home prices hit record growth over the past two years, with a slight slowdown happening right now. But nothing in the real estate market compares to the stock market selloff that has happened over the past six months. Index funds are down over twenty percent year to date, tech companies are quickly losing valuation, and the stock market doesn’t show any signs of slowing down. Is this an opportunity for real estate investors?
Instead of letting landlords try to explain how equities work, we brought on Clay Finck from the Millennial Investing podcast to help educate us on what a good (or bad) buy looks like. Clay has spent years learning about value investing from the best stock trader of all time, Warren Buffett. He’s designed his portfolio to model the trading techniques Buffett engineered and thinks that this latest dip poses some interesting opportunities for investors of any asset class.
Clay talks about recession-resistant stock picks, how to know whether a company is under or over-valued, and why stock investing could be a more passive alternative for the stressed-out landlord. We also have our panel of expert guests give their take on the stock market, how real estate investors should invest, and what their own portfolios look like. If you’re heavy on the real estate investing side of things, make sure you listen until the end, as there are some serious stock buying opportunities you may have never thought of.
In This Episode We Cover
How the Fed influences the stock market through quantitative easing and rate hikes
Which stocks win during a recession (and which ones to stay away from)
Dividend stocks and how to cash flow without owning any real estate
Dollar-cost averaging as a smarter way to invest even as prices fall
Whether or not to put your money into the stock market to save for your next deal
Why some stock investors are ditching equities to make headache-free gains in real estate
And So Much More!
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On The Market
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-19
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Short-term rental investinghas been one of the most profitable, fastest-growing types of real estate investing strategies in decades. When the events of 2020 happened, most vacation rental owners thought that their passive income stream had been shut off, only for the exact opposite to happen in a big way. With low interest rates, investors were scooping up short-term rentals every second they could, and their occupancy rates just kept on increasing. But is all of that about to change?
We’re back with another bonus episode of On The Market where Dave does a data-first deep dive into what’s happening with the short-term rental market. From occupancy rates to second home sell-offs, and hotels regaining their prestige—everything you wanted to know about vacation rental investing is packaged up for you in this short-term rental recap.
Dave also gets into the recession data behind short-term rental investing and why some investors might be calling a quits too quickly. And even with interest rates rising, a buying opportunity may be on the horizon for investors who are fast enough!
In This Episode We Cover
Whether or not demand has stayed consistent as the economy enters into uncharted territory
Hotels vs. hosts and which vacation stay is getting more popular over the next few months
How inflation is affecting the average American’s vacation budget and what that means for investors
Second-home demand and why so many owners are looking to sell
The massive influx of new vacation rentals and the effect it's taking on occupancy
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Agent
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
It’s Not Too Late to Join the Short-Term Rental Investing Game
Sign Up For the BiggerPockets Short-Term Rental Bootcamp
Access More Short-Term Rental Data with AirDNA
Watch Tony Robinson’s Video on Short-Term Rental Investing in 2022
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-18
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Will housing prices drop in 2022? There may seem like an obvious answer to this question, “of course with interest rates rising housing prices will drop.” But, that’s not exactly what the data shows, especially when you take into account that 2022 is not a normal housing market by any means. We had high demand, which is starting to cool, but housing prices are still far from affordable. And with so many homeowners enjoying huge equity boosts, is there even a possibility that foreclosures could fill the supply gap?
Instead of postulating about what will or won’t happen, we brought on an industry expert who can give a data-first decision on which way the housing market will move. Rick Sharga, EVP of Market Intelligence at ATTOM, knows the data. He spends the majority of his waking hours scanning through copious amounts of housing market information so he can give investors and real estate professionals a true, unbiased opinion on what will happen next.
Rick goes deep into demand, what’s causing it and whether or not it has been suppressed thanks to interest rate hikes. We also touch on the foreclosure “crisis” that never happened, how forbearance programs worked, and why we’re starting to (finally) see an uptick of foreclosures, many of which could make great investment properties. Lastly, you’ll hear why waiting out the housing market could be a move many investors shouldn’t make.
In This Episode We Cover
Why interest rate hikes are affecting the housing market faster than we thought
The possibility of a housing market crash and what it means for investors
Forbearance and foreclosures explained and what makes this market different from 2008
“Emotional equity” and how it could keep home prices high for years to come
Buying rental properties at auction and what to know before you make a bid
Why waiting for lower homes prices could cost you tens of thousands more
And So Much More!
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Grab Your Ticket to BPCon 2022
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ATTOM Insights for Real Estate Investors
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-17
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Everyone wants to know how to invest during a recession. We get it—things aren’t looking too good. Inflation is crossing all-time high territory, your rent is going up and so are interest rates, and many investors are wondering if a stock market crash is on the horizon. It’s normal to be scared, but it’s even smarter to do something while all the other investors are trapped in analysis paralysis. If you do want to invest, what should you do?
We’re back with another bonus episode of On The Market where we’re tackling the not-so-simple question, “should I invest in 2022?” If you think a bunch of real estate investors are biased, you may be right, but we’d highly encourage you to listen to the very end of this episode, as each guest on our expert panel explains why they’re doing what they’re doing and why you should try it too.
Recessions are traditionally when much of the population loses money, but it doesn’t have to be that way for informed investors. A world of opportunity is waiting for you, even if you have no money or experience going into this year. If you take what our expert guests say to heart, there’s a good chance you’ll not only make it out alive in 2022, but you’ll also have a lot more wealth than when you started.
In This Episode We Cover
July housing market updates and what has happened since the start of the year
Is the housing market starting to cool? And if so, what should investors do?
How to start investing NOW and getting a real estate deal in the next thirty days
What to do if/when the housing market crashes (and how to profit from it)
How to invest in 2022 and whether or not buy-and-hold rentals are still a safe bet
The no-cash-needed way to start making money in real estate
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Agent
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Data Drop
Jamil’s Appraisal Rules
Rent vs. Buy vs. House Hack Calculator
Find an Investor Friendly Agent in Your Area
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-16
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Renting vs buying a house. It’s an easy decision. If you have the option to buy, you should buy. Shouldn’t you? That line of thinking, according to Ken Johnson, real estate economics expert, can cost you a lot of money. His team at Florida Atlantic University, along with other data–first economic experts, have spent a lot of time studying whether or not it makes more sense to rent or buy a home.
Ken breaks down how most Americans have gotten the rent vs buy debate all wrong, how renters can beat homeowners to long-term wealth, and which housing conditions lead to better deals. We also bring in our expert panel of guests to get their take on whether or not owning is a smarter choice than renting. You’ll hear multiple opinions on how you can make a more lucrative decision on your first primary residence and whether being a “renter-landlord” makes sense in 2022.
Surprisingly, in a time when more people are being forced into renting, Ken describes how “corporate landlords” could benefit the housing market, not deteriorate it. If you’re worried about the United States turning into a “renter nation”, Ken offers a glimmer of hope on why that may not be the case, and how even if it was, it wouldn’t be a bad thing.
In This Episode We Cover
Renting vs buying a home and which decision makes the most sense for you in 2022
Which real estate markets are about to see wild price drops in the coming years
The housing affordability problem and why renting has become cheaper than owning
Whether or not more corporate/Wall Street landlords is a good thing for renters
Subsidizing your mortgage/rent by house hacking or rent hacking
How renting and buying rental properties could be a win-win for average Americans
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Agent
Join BiggerPockets for FREE
On The Market
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Connect with Other Investors in the “On The Market” Forums
Try The BiggerPockets “Rent or Buy Tool”
Big Radius Tool
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Top 100 Housing Markets
Waller, Weeks and Johnson Rental Index
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-15
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The housing market is confusing, to say the least. In 2020, at the start of lockdowns, nearly everyone you spoke to had the opinion that the housing market was headed straight for a crash. Not only was this wrong, but it was the opposite of what the data was saying. While mainstream news outlets and “2008 crash bros” were painting a picture of foreclosures, price drops, and bottomed-out demand, Logan Mohtashami was singing a far different tune.
Logan had been looking diligently at the data (like he does most days over at HousingWire) and he saw patterns that didn’t at all reflect the last recession. Instead, Logan predicted a runup in prices, hot buyer demand, and very low rates of foreclosures. In a time when almost everyone with a public voice was calling for an apocalyptic housing scene, Logan predicted much differently.
Now, two or so years later, we can see just how right he was. We’ve brought this beloved data-first housing market deep diver onto the show to answer some of our most burning questions. Logan hits on how housing inventory got so low, what will force demand back down, why new property taxes are bad news for buyers, and the smartest move an investor can make in 2022.
In This Episode We Cover
How to dig ourselves out of the housing inventory hole we’ve created
The “forbearance” myth that most housing market forecasters missed
Why buying a home may be the smartest hedge against inflation of the decade
Property taxes and why homeowners should (or shouldn’t) start to worry about them
Housing markets to look out for that may see demand drop after huge appreciation pumps
Why investors need to look at data “the right way” instead of relying on prominent internet forecasters
And So Much More!
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On The Market
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Connect with Other Investors in the “On The Market” Forums
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Nearly 1 in 5 Sellers is Dropping Their Price
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Is The Housing Market About to Collapse? What Investors Need to Know
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-14
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House flipping, rental property investing, wholesaling, and every other type of real estate investing has had an incredibly profitable run-up over the past two years. Days on market shrunk as buyer demand soared and supply dried up. Flippers, rental property investors, and everyone in between saw profit margins they couldn’t have imagined before. But, now that may all change.
Rising interest rates have stopped many would-be homebuyers from making offers, forcing them back into renting instead of sending in over-asking bids. Now, home equity and flipping profits are starting to see a lag, as mortgage applications significantly slow down, showings become far less crowded, and price cuts become the new norm. Are we at the beginning of a real estate recession, and if so, how can we best prepare to still profit during the downturn?
James Dainard, master flipper, investor, and “On The Market” guest, has had to readjust almost every way he analyzes real estate deals. He’s managed to cash in some serious flipping profits over the past two years but understands that this year will be different. He shares exactly how smaller landlords, real estate investors, flippers, and wholesalers can “pad their profits” so they don’t get burnt on their next real estate deal.
In This Episode We Cover
Why price drops have doubled even though many homes are selling above asking price
Seller FOMO (fear of missing out) and why now may be a great time to find phenomenal deals
Why cash flow has reemerged as the most important investing metric for rental property owners
The 1% rule and why using it on every property could cost you money
Readjusting your expectations as a flipper and how to “pad your profits” the right way
Whether or not you should “trade up” your rental properties to protect your portfolio
And So Much More!
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Join BiggerPockets for FREE
On The Market
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Nearly 1 in 5 Sellers is Dropping Their Price
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-13
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Inflation and interest rates—two things we rarely talk about when the market is going smoothly. Just this week, the Federal Reserve made some stark moves surrounding interest rates with the hope of cooling down the rampant inflation we’re experiencing. But what exactly is causing all this inflation and are interest rates really going to change anything?
Welcome to a bonus “On The Market” update from your favorite data deli nerd, Dave Meyer, who serves you fresh salami and cheese similes and turkey and mayo metaphors so you can know the housing market a bit better. This time, we’re talking about how inflation and interest rates rises could affect the housing market, what’s behind all the madness, and what it means for you, the local homebuyer or real estate investor.
The recent updates from the Fed are BIG news, but they shouldn't worry you too much if you know the reasons behind their decisions. Staying ahead of the inflation curve can help put you in a position to build wealth, even when everyone else thinks the sky is falling.
In This Episode We Cover
Interest rate updates and why the Fed and Jerome Powell are making these drastic decisions
Inflation explained and why we’re experiencing such high price surges
Supply and demand and how this lopsided duo is hurting the economy
What would need to happen before a more normalized market comes about
Whether or not an economic recession is around the corner
And So Much More!
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On The Market
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How to Prepare for a Recession
Our Inflation Dilemma—What The Fed Won’t Tell You
The Fed’s Plan for Future Interest Rates
Get Housing Market Data from Redfin
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-12
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Over the past two years, home prices have looked as if they’re never going to drop. With record-low interest rates, a newly formed remote work culture, and millennials at peak homebuying age, who would have thought that lower home prices would come so soon. Although traditionally affordable areas of the United State are still teetering on “overpriced” status, many high-priced markets are seeing negative population growth, and home prices are getting hit as a result.
This is just one of the topics we touch on in our in-depth interview with Redfin’s Deputy Chief Economist, Taylor Marr. Taylor, like our own Dave Meyer, spends his days digging through the most important real estate data around. Whether it’s housing market updates, inflation and interest rate changes, or migration patterns, Taylor is on it long before you read one of his team’s excellent articles. As a key member of one of the leading companies distributing accurate, timely real estate data, he knows the housing market better than almost anyone else.
Taylor’s insight is invaluable if you’re looking to migrate to a new part of the nation, invest in a new market, or debate whether or not to sell a property you own. He goes over supply and demand, how the “lock-in” effect has stalled the housing market, which real estate markets are primed for huge growth, and which could suffer serious financial fallout from a lack of homebuyers, renters, and demand.
In This Episode We Cover
What caused so many Americans to buy homes in new parts of the country
How “cash-rich” homebuyers caused region-specific inflation in their areas
The migration patterns to pay attention to when analyzing a real estate market
Which cities are primed for rent and home price growth, declines, or stagnation
How the “lock-in” effect is prompting more homebuyers to wait out the housing market
Why we’ve started to see home sales decline as more homebuyers resort to renting
And So Much More!
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Join BiggerPockets for FREE
On The Market
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Stay Up to Date on The Biggest Housing Market Moves
Inventory Shortage Could Continue As Interest Rates Rise and Homeowners Feel “Locked-In”
What Can U-Haul Rates Tell Us About U.S. Migration Patterns?
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-11
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One man knows how to prepare for a recession arguably better than anyone else. He’s been able to build wealth during multiple different economic cycles, not only surviving but thriving in the process. With decades of experience in real estate investing, advising, and mentoring, J Scott, author of Recession-Proof Real Estate Investing, stands as a testament that not everyone gets washed away when an economic tsunami comes crashing down.
We spend some time asking J about how we got to the current economic stage we’re in, what the economy looks like today, and how we can prepare ourselves for the future of high interest rates, falling asset prices, and real estate steals of the century. If you’re feeling anxious about investing in 2022, J Scott is the guest you should listen to.
For our due diligence portion of the show, we’ll be asking James Dainard, Jamil Damji, and Kathy Fettke all about recession prep and rebalancing your real estate portfolio. While almost everyone in our expert panel has different advice for different investing strategies, they all agree on one thing: there is still plenty of money to be made in the realm of real estate!
In This Episode We Cover
Economic cycles explained and why we may be “overdue” for a crash
What causes inflation and why it manifests itself in rising interest rates
How to prepare for a recession, even if you’re brand new to real estate investing
Wholesaling vs. flipping and which strategy will win during economic downturns
Whether or not we’ll see home prices drop if a recession hits in the near future
How to “rebalance” your real estate portfolio so you don’t catch a falling knife
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Agent
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Seasonally-Adjusted Housing Data with Redfin
Grab J’s Book “Recession-Proof Real Estate Investing” and Use Code “MARKETPROOF” at Checkout
Connect with Other Investors in the “On The Market” Forums
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Henry's Instagram
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James' Instagram
Jamil’s BiggerPockets Profile
Jamil's Instagram
Kathy’s BiggerPockets Profile
Kathy's Instagram
Book Mentioned in the Show
Recession-Proof Real Estate Investing by J Scott
Connect with J Scott
J's Website
J's BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-10
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Home flipping, wholesaling, and BRRRR-ing rental properties are all solid options in the real estate investing space. But, as most experienced investors know, different markets favor different strategies. In some markets, flipping outweighs the risk of renting out a property, while in others, something like the BRRRR strategy is a no-brainer. In 2022, after two years worth of wild appreciation and huge rent raises, which strategy is the best for investors?
We couldn’t have this sort of debate without our buy-and-hold expert, Henry Washington, our master house flipper, James Dainard, and our wholesale addict, Jamil Damji. Together, they each bring their own unique outlook on these strategies and give advice on which is the best to use for certain types of deals. Henry, James, and Jamil bring real-life deals to debate, and you’ll hear how experts analyze properties, even with just basic information.
If you’ve enjoyed listening to On The Market, we would love it if you gave us your feedback on the On The Market BiggerPockets Forums. Participate in our audience feedback survey or give us your take on the current housing market. Let us know what you think so we can keep making episodes that help you on your investing journey!
In This Episode We Cover
Whether or not secondary home sales will see a drop off after record purchases
How the “Lock-In” effect could cause housing inventory to shrink even more
Throwing away a $2.5M wholesale deal to build far greater wealth
Wholetailing vs. flipping and how to know which strategy works for which property
Whether to BRRRR or flip a property and the long-term effects of your decision
Short-term rental sales and whether or not vacation rental occupancy rates will decline
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Agent
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
How the "Lock-in Effect" Will Impact the Housing Market for Decade
Demand For Second Homes Is Way Down From Last Year’s Boom
Connect with Dave and Our Panel of Guests
Dave’s BiggerPockets Profile
Dave’s Instagram
Henry’s BiggerPockets Profile
Henry's Instagram
James’ BiggerPockets Profile
James' Instagram
Jamil’s BiggerPockets Profile
Jamil's Instagram
Kathy’s BiggerPockets Profile
Kathy's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-9
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
When we talk about recession indicators, we usually talk about things like housing price drops, mass layoffs, heavy unemployment, and overleveraged consumers. It seems like every time you turn on the news, someone is touting a return of the great recession, without much to back it up. Since the housing market plays such a pivotal role in the economy, we decided to have ahousing market recap with our expert investors Henry Washington, James Dainard, and Kathy Fettke, to see if their metrics point to a recession.
In a strange time like 2022, almost every real estate investor is starting to get nervous. Home prices continue to rise, and inventory is almost as low as it’s ever been, but at the same time, high interest rates don’t make buying expensive homes attractive anymore. Is there still any juice left to squeeze in this year’s housing market, or are we on a fast track to foreclosures, price cuts, and peak buying opportunities for investors?
In this episode, we’ll touch on it all so you can stay confident in these wild times. Dave and our panel of experts will explore why showings have dropped for new homes, unemployment rate updates, “data traps” you can fall into, how tech stock slumps pose a threat to real estate, and how to adjust your numbers when money costs more.
In This Episode We Cover
The current housing market supply and demand and what it foreshadows for the future
What the “recession indicators” are saying and why it differs from mainstream thought
Inflation, employment, and which industry may have layoffs lying around the corner
The “lock-in” effect causing most homeowners to hold instead of sell
What a “recession” would look like in 2022 and planning for price drops
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Agent
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Lowering Your House Flipping Costs During High-Inflation Times
Dave’s Interview with Daren Blomquist on Foreclosures
Connect with Dave and Our Panel of Guests
Dave’s BiggerPockets Profile
Dave’s Instagram
Henry’s BiggerPockets Profile
James’ BiggerPockets Profile
Jamil’s BiggerPockets Profile
Kathy’s BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-8
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Gas prices, unemployment rates, and home sales have been headlining topics for the past two years. Every other day we’re hearing about a record surge in a certain type of asset, leaving many investors wondering when this market madness will come to an end. To help us understand a bit more about the economic indicators affecting our daily lives, we invited Planet Money and The Indicator’s Stacey Vanek Smith on the show.
Stacey has an enormous presence in the economic podcasting world and has helped pioneer some of the most-listened-to content about what drives and divides our economy. Today, she talks to Dave Meyer and Kathy Fettke about the most important economic indicators that investors should watch out for. Thankfully, she brings news not just about interest rates and inflation—Stacey has some genuinely positive news about the post-pandemic economic recovery.
One of the key topics of this show is how work-from-home and remote lifestyles have prompted a “real estate reset” that may potentially even out the United States housing market. If you’re a real estate investor, homeowner, or renter, this information will be crucial for decisions that will affect not only your current life but your future potential to build wealth.
If you enjoyed our interview with Stacey, we highly recommend getting her new book Machiavelli for Women: Defend Your Worth, Grow Your Ambition, and Win the Workplace!
In This Episode We Cover
How to recover from the “divided economy” we find ourselves in today
Is the great resignation here to stay, and if so, what does it mean for home prices?
Unemployment “JOLTS” that affect labor prices and worker supply
Why and how energy prices have skyrocketed and the effects that come with it
The two most important economic indicators real estate investors should pay attention to
The positive economic effects of a worldwide pandemic and global lockdown
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Agent
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Planet Money Podcast
The Indicator from Planet Money
Planet Money Summer School
Connect with Dave and Our Panel of Guests
Dave’s BiggerPockets Profile
Dave’s Instagram
Henry’s BiggerPockets Profile
James’ BiggerPockets Profile
Jamil’s BiggerPockets Profile
Kathy’s BiggerPockets Profile
Connect with Stacey
Stacey Vanek Smith’s Website
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-7
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Maybe you wanted to know how to invest in real estate back in early 2020. You took some time to educate yourself by listening to podcasts and reading books. Then you went and got preapproved, found yourself an agent, and were ready to start hitting the pavement, searching for yourfirst real estate deal. While you were on your hunt for profitable houses, the world started to shut down. Everyone was forced inside, the real estate market locked up, and you thought “maybe I should wait this one out.”
Now, it’s 2022, and the housing market is arguably the most competitive it has been in decades. You missed your shot, right? Now you can never invest in real estate…or so you think. Dave Meyer, On The Market Host and VP of Data and Analytics at BiggerPockets, is here with Henry Washington, Jamil Damji, and Kathy Fettke to argue that you should still be investing in real estate. Even with rising interest rates, high home prices, and fierce competition, our expert panel agrees: there’s no better time to invest than right now.
So, if you’ve been feeling like your passive income dreams are slowly slipping away, we encourage you to not only listen to this episode but take the steps outlined in today’s show. Dave and our panel of expert guests give you everything you need to make a smart, profitable, confident entry into real estate investing. You just need to take the first step.
In This Episode We Cover
Why home prices continue to rise while stock indexes see year-to-date drops
Where rookie real estate investors are getting stuck at the start of their journey
Why 2020 is a great year to invest (even if the world is seemingly ending)
How to invest in real estate and buy your first rental in 2022
Whether or not that cash-flowing out-of-state deal will truly turn a profit
The tips our experts would have given themselves at the start of their investing journey
And So Much More!
Links from the Show
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Find an Investor-Friendly Agent in Your Area
Start Investing with House Hacking
Download Jamil’s Free Appraisal Rules
Connect with Dave and Our Panel of Guests
Dave's BiggerPockets Profile
Dave's Instagram
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Jamil's BiggerPockets Profile
Kathy's BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-6
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Cash flow vs. appreciationhas been a fiercely fought debate between many real estate investors for decades. Cash flow investors love to tout the fact that consistent rental property profits allow you a life of freedom, while appreciation investors argue that cash flow doesn’tbuild wealth, it merely keeps you treading water. There’s arguably no better panel to ask about this topic than America’s best wholesaler, investor, and flipper trio—James Dainard, Jamil Damji, and Kathy Fettke.
James, Jamil, and Kathy have a view on the appreciation vs. cash flow topic that most investors don’t possess. All three of these investors have bought, sold, and held real estate before, during, and after the great recession, meaning they aren’t subject to the 2020 and beyond “hot housing market” stigma many new investors fall into. They’ve seen what a good, bad, and ugly housing market can look like, and, unsurprisingly, they reach almost the same conclusion.
Maybe you’re a new investor, looking to buy in a high-appreciation area like South Beach or a cash-flow crazed, FI-chasing rookie who thinks the Midwest is where it’s at in terms of wealth-building. No matter where you stand on the subject, this episode will give you decades of investing context that should help you make far better returns in the long run.
In This Episode We Cover
Rent growth, appreciation, and the surprisingly most unaffordable state in the US
Cash flow vs. appreciation and which strategy makes sense for which investor stage
How to force appreciation so you never have to rely on outside market conditions
Why forecasting your market is far superior to trying to time it
Whether or not cash flow is too slow of a strategy to build real wealth
What happens to appreciation if ahousing market recession is on the horizon
And So Much More!
Links from the Show
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Cash Flow vs. Appreciation—What Experienced Investors Know About the Debate That You Don’t
What Is Forced Appreciation?
Why Cash Flow Beats Out Appreciation in Real Estate Any Day of the Week
Connect with Dave and Our Panel of Guests
Dave's BiggerPockets Profile
Dave's Instagram
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Jamil's BiggerPockets Profile
Kathy's BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-5
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Fed and interest rates—what one does, the other follows. Over the past two years, we’ve seen interest rates crash to all-time lows, only to skyrocket back up to decade-long highs at the start of this month. This turbulence has swept the legs of many prospective homebuyers and has caused the housing market to go from red-hot to lukewarm in only a matter of weeks. What’s causing these rapid fluctuations and are rising interest rates the new norm?
There’s arguably no one better to ask this question than Nick Timiraos, reporter and economic correspondent at The Wall Street Journal. Nick keeps a tight pulse check on The Federal Reserve at all times. In his newest book, Trillion Dollar Triage, he discusses why The Federal Reserve made the shocking moves they did in 2020, and how their decisions affect every American today.
Dave Meyer and James Dainard use today’s interview with Nick as a chance to ask the how, why, and when questions about The Federal Reserve, inflation, interest rates, and the housing market as a whole. Nick discusses the warning messages that The Fed has been sending over the past few months that should give investors an inkling of what is to come in the second half of 2022. If you’re a real estate investor or casual homebuyer, these signals could dramatically shift when and how much you offer on a home.
In This Episode We Cover
The main goals of The Federal Reserve and how they change markets to achieve them
How the 2008 housing market compares to the 2022 housing market
Where The Fed thinks we’re going in 2022 and how interest rates will affect this
The biggest factors influencing today’s high inflation rates and when we can expect to see a more normal economy
The silver lining behind a slower housing market that real estate investors should pay attention to
How investors can increase their chance of investing success in the coming years
And more economic obscurities!
Links from the Show
BiggerPockets Forums
The Wall Street Journal
On The Market
Dave's Instagram
Dave's BiggerPockets Profile
Jame's BiggerPockets Profile
Jame's Instagram
Connect with Nick
Nick's Twitter Profile
Email Nick: Nick.Timiraos@wsj.com
Nick's Wall Street Journal Profile
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-4
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
When choosing a 2022 housing market strategy, you’ll need a few key ingredients. Things like job growth, population growth, affordability, and new construction are just a few ways to see whether or not a real estate market will stand the test of time. As the housing market begins to see some stalled demand and we enter into potentially “bubblicious” territory, the smart investor begins looking for the best place to park their money for the long term.
Back again for our second episode of On The Market is VP of Data and Analytics at BiggerPockets, Dave Meyer, buy-and-hold addict, Henry Washington, head honcho of wholesaling, Jamil Damji, and our resident Californian, Kathy Fettke. This time, we’ll be touching on the latest data and news claiming that the US is starting to enter into a housing market bubble and how demand has sharply declined since interest rates have begun to rise.
We also share our favorite 2022 housing market picks for investing, with some markets you’ve heard of and others you may have never thought to invest in. If you want to get ahead of the curve while dodging the housing market hype, you’re in the right place.
In This Episode We Cover
Whether or not low unemployment numbers will change the course of the economy in 2022
Why (and how) housing market demand changed and what investors can do to take advantage
The Fed’s “housing bubble” alert that has homebuyers stalling to make offers
How expert investors research, vet, and pick their real estate investing markets
The eight best housing markets of 2022, plus how to vote for your favorite
Why 2022 may be the best time to NOT fly business class
And more economic obscurities!
Links from the Show
BiggerPockets Forums
Fundrise
Redfin
Kathy's Podcast
BiggerPockets Data Drop
What the Average Homebuyer Can Learn from House-Hungry Investors (Episode)
FRED Econominc Data
Redfin Migration Report
Pfizer
Johnson & Johnson
Tyson Foods
JB Hunt
BiggerPockets's Instagram
Connect with Dave
On The Market
Dave's Instagram
Dave's BiggerPockets Profile
Connect with Henry
Henry's Instagram
Connect with Kathy
Kathy's Company Website
Connect with James
Jame's BiggerPockets Profile
Connect with Jamil
Triple Digit Flip
Jamil’s Instagram
Check the full show notes here: https://biggerpockets.com/blog/on-the-market-3
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The housing market relies on many things: market sentiment, Federal Reserve policy, supply, demand, interest rates, inflation—the list goes on and on. For most homebuyers, it may seem almost impossible to crack the code of when (or if) it makes sense to buy a home or rental property. But, as we’re seeing housing market turbulence, we’re also seeing investor activity skyrocket. What do experienced investors know that we don’t?
Joining us for the first episode of On The Market is VP of Data and Analytics at BiggerPockets, Dave Meyer, real estate investing expert Henry Washington, builder, buyer, and landlord, Kathy Fettke, home flipping extraordinaire James Dainard, and arguably the biggest (and best) wholesaler in the United States, Jamil Damji.
This week’s episode focuses on 2022 housing market predictions, where each guest gives their take on where the housing market may end up at the closing of this year. We also touch on how to invest in 2022, updating your investing strategy, whether to wait or invest, and the double-edged sword of debt that can make you rich, or sink your ship.
In This Episode We Cover
The “professional eater” who’s buying the homes you’re losing out on
Our home appreciation, rent price, and inflation predictions for 2022
Pivoting your investing strategy so you can take advantage while others sit on the sidelines
Using leverage to build wealth (without losing it all!)
How rising salaries are fighting off the negative effects of high(er) interest rates
What institutional investors know about the housing market that you don’t
And more economic obscurities!
Links from the Show
BiggerPockets Real Estate Podcast
Kailyn's BiggerPockets Profile
On The Market Youtube Channel
BiggerPockets Forums
On The Market Data Drop
Connect with Dave
On The Market
Dave's Instagram
Dave's BiggerPockets Profile
Connect with Henry
Henry's Instagram
Connect with Kathy
Kathy's Company Website
Connect with James
Jame's BiggerPockets Profile
Connect with Jamil
Triple Digit Flip
Jamil’s Instagram
Check the full show notes here: https://biggerpockets.com/blog/on-the-market-2
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Investing with confidence requires staying informed. But with news sources giving conflicting takes on the economy, it can be hard to sift through the headlines and find the relevant information. Join On the Market, a BiggerPocket’s Podcast, presented by Fundrise, every Monday for a fun, fact-driven glimpse inside the world of real estate, personal finance, and economics.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.