Getting a low interest rate on your mortgage is something homebuyers in 2023 dream about. With last year’s 4% rates still fresh in many investors’ minds, it can seem almost irresistible to try and get the lowest mortgage rate possible when buying a house. So, what if there was a way to lock in a mortgage rate two to three percent lower than the daily average, all paid for by the seller of your new property? It’s possible, and if you want to get it, you’ll need to listen closely to what today’s mortgage experts are saying. In this episode, we brought three lending experts, Bill Tessar from CIVIC, Christian Bachelder from The One Brokerage, and LendingOne’s Matt Neisser, to talk about what is happening with lending and lenders, mortgage rates, and low-interest loan programs. With different expertise, all three of these mortgage experts know about various loans, whether for a rental, a primary residence, a fix and flip, a BRRRR, or something else. But what draws them all together is their experience over the past six months. Once interest rates started to rise, lenders nationwide were “gutted,” with massive amounts of business flying out the door. But these borrowers weren’t searching for better lenders; they didn’t even want to buy anymore. This caused many mortgage brokers and lenders to “reset” their requirements, standards, and expectations for the next few years to come. Now, lenders like these are getting creative, finding some of the best ways to help you score a lower interest rate without charging you a dime. In This Episode We Cover How the Fed’s decision to raise rates caused the lending industry to lose huge business Real estate underwriting and why short-term investors MUST change the way they analyze deals  Bad news for BRRRR investors and why this strategy may be on pause for the next few years The new low-interest rate loan products that homebuyers can take advantage of Mortgage rate predictions and when we could potentially see rates start to stall (or drop) Advice for borrowers in today’s market and why you should NOT be scared of rising rates 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 Find Your Next Home Loan Connect with Christian, Matt, & Bill: Christian's BiggerPockets Profile Matt's BiggerPockets Profile CIVIC LendingOne The One Brokerage Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-72 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Multifamily real estate is by no means an easy asset class to buy into. What most people mistook as simple investments in 2020 are now turning out to be cash-hemorrhaging, high-interest, soon-to-go-bust investments. Everyone and their grandma was trying to buy the biggest apartment building they could, bidding well over asking without checking the fundamentals of the deal. Now, these buyers have to reap what they sowed by selling a solid asset at a low price or falling into foreclosure. But how did we get here? Wasn’t multifamily the hottest asset class of the past two years? This was supposed to be a foolproof way to build wealth, so what happened? Brian Burke knows, and that’s why he sat patiently on the sidelines, watching inexperienced syndicators bite off more than they could chew, refusing to listen to long-term investors. Brian has successfully predicted multiple crashes, not because he has a crystal ball, but because he knows when to take profits. He smelled something fishy happening in the multifamily space in 2019, and this same feeling saved him in 2022. So, what’s next for the multifamily housing market? Are the nation’s multifamily investments set to crash and burn? Not quite, but this could be the opportunity of a lifetime for the new investors looking for their next deal. But when should you hop in, start analyzing deals, and make bids? Stick around for this multifamily deep dive, as Brian will give you everything you need to know about the multifamily real estate market. In This Episode We Cover The multifamily “bomb” that’s about to explode and how multifamily became so overleveraged Risky debt and how new investors failed to think ahead with bridge loans and adjustable-rate financing The multifamily foreclosure crisis and how many investors could be forced into forbearance Key fundamentals to follow if you want to invest in multifamily in 2023  New construction and whether the high risk is worth the higher reward Advice for both active and passive multifamily investors who want to avoid getting burnt in 2023 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 Read The 2023 State of Real Estate Investing Report Expert or Amateur? Do You Know Who Your Real Estate Syndicator Is? Book Mentioned in the Episode The Hands-Off Investor by Brian Burke Connect with Brian: Brian's BiggerPockets Profile Brian's Instagram Praxis Capital Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-71 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market is a living, breathing organism, constantly moving, with each real estate market playing by its own rules. Thanks to the individuality of the American housing market, homebuyers had the flexibility to choose where they wanted to live as soon as the 2020 lockdowns took place. No longer did homebuyers have to purchase a house that was close enough to the office. Since many worked remotely, the entire country became their office, and a slew of newly nomadic workers decided to settle down in states both far from and near home. These migration patterns changed the landscape of the housing market and made once-sleepy cities into booming metros with high-priced homes almost overnight. Now, the trend has reached a halt, as homebuyers remain frozen in place, stuck between high housing prices and even higher mortgage rates. But, with in-office work becoming more and more mandatory, could these domestic migrants start being called back to the big cities and tech hubs they came from? We brought Taylor Marr, Deputy Chief Economist at Redfin, on to the show to give his take on where the housing market is headed. Taylor goes deep into the two halves of the 2022 housing market and why “booming” post-pandemic markets like Boise are seeing steep declines. We also talk about mortgage rate buydowns, the new buyer’s market, and where migration is starting to slow as homebuyers get caught in financial quicksand.  In This Episode We Cover Housing market volatility and why ping-ponging mortgage rates haven’t helped Tech markets and how these employment hubs are faring now that many homebuyers have jumped ship The most volatile housing markets of 2022 and where you can expect to see migration slowdowns Reverse migration and what will happen once in-person work becomes mandatory again How politics, taxes, and weather highly affected homebuying patterns in 2022 Short-term rental data and why second homes saw a massive drop-off in demand  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 Hear Our Last Interview with Taylor 2022 Housing Market Review—A Tale Of Two Halves Get Redfin’s Up-to-Date Housing Market Data Connect with Taylor: Taylor's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-70 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Picking stocks can be intimidating for a first-time investor in the stock market. For landlords, real estate can seem like a much more tangible, calculated way to make money with less risk and far more upside. But, with the stock market taking a much harder tumble than real estate in 2022, some long-time investors argue that now is the best time to pick up discounted shares of companies that will last for hundreds of years to come. So, as a real estate investor, which stocks should you pick? There’s no better person to ask than Chris Hill, host of Motley Fool Money, an investor who knows the ins and outs of stock investing better than the rest. Chris understands why most investors are hesitant to invest in the stock market, especially after the past year. With company valuations dropping faster than many have seen, stocks aren’t looking that attractive—at least not right now. However, Chris argues that this is a massive opportunity for the long-term investor, and if you can practice delayed gratification, you’ll be rewarded for decades. Chris walks through why he’s so optimistic about the stock market in 2023, how rising interest rates hurt real estate and stock valuations, advice for new investors, and how to start picking stocks, even if you have no experience. Chris also shares why the everyday businesses many of us purchase from are primed for growth and why REITs (real estate investment trusts) may be massively undervalued as stocks and real estate are feeling a collective price crunch. In This Episode We Cover The 2022 stock market crash explained and what caused prices to drop How rising interest rates affect the stock market (especially startup stocks) Compound interest and the massive advantage that young investors have right now Advice for investing in the stock market in 2023 and how to start picking stocks REITs (real estate investment trusts) and why they’re trading at a discount Understanding your risk tolerance and maximizing your returns while minimizing your sleepless nights 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 27 Stocks for 2023 Book Mentioned in the Show The Psychology of Money by Morgan Housel Connect with Chris: Motley Fool Money Chris' Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-69 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The Federal Reserve is a misunderstood arm of the government. Is it public? Is it private? Does congress have any control over it? Most Americans don’t know. Because of this constant confusion surrounding this shadowy subsection of the government, Americans are struggling to understand what’s going on with interest rates, mortgage rates, bond yields, and more. But there’s one person who knows the Fed better than the rest. Nick Timiraos, reporter at The Wall Street Journal, has been tracking every move the Federal Reserve makes. Whether it has to do with inflation, interest rate hikes, job growth and decline, or anything in between, Nick knows about it. As the foremost expert on the Fed, we took some time to ask him some of the most critical questions on how the Fed’s decisions could affect investors in 2023. With so many variables up in the air, Nick helps pin down precisely what the Fed is thinking, their plans, and whether we’re on the right economic track. You’ll hear how the “overcorrection” of inflation could pose a massive threat to the US economy, the significant risks the Fed faces today, the three “buckets” that the Fed is looking at most, and why we’re targeting a two percent inflation rate in the first place. We also get into when the Fed could stop raising interest rates, how investors should react, and whether or not we’ll see three and four-percent mortgage rates again. In This Episode We Cover How the Fed’s 2022 moves affected the US economy (and whether they’ll pay off in 2023) Massive money printing and why this time was designed not to repeat 2008’s mistakes  The Fed’s “overcorrection” on inflation and how it could send us into a more brutal recession The three “phases” we must get through to see lower mortgage rates  Interest rates, federal funds rates, and when the Fed could halt their rate hikes  Employment, the labor market, and why excessive wage increases could hurt the economy  The 2023 outlook for real estate investors and when we’ll see low interest rates again 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 2022 Interview with Nick Book Mentioned in the Show Trillion Dollar Triage by Nick Timiraos Connect with Nick: Nick's Twitter WSJ Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-68 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

What's the best housing market for real estate investing? If this were 2022, we'd say cities like Boise, Austin, or Phoenix, but things have changed, and many of last year's top real estate markets look like this year's losers. So which cities are the ones worth investing in over the next year? Which will see population, job, and home price growth? And which markets can you expect to sink even lower as interest rates rise and the threat of a recession looms? We've got a few housing market experts around to help you navigate the plethora of property markets in the United States. James Dainard, master house flipper on the west coast, has a surprising prediction on an often underrated east coast city. Jamil Damji, one of the nation's largest wholesalers, is bearish on what was once a hot market and bullish on a "unicorn" city between two cultural capitals. Kathy Fettke, the Golden State's home builder and investor, picks a fight with a familiar character and has her eyes set on another sunshine state. And, of course, we also get Dave Meyer's take on where the data says will be the worst and best real estate market to invest in during 2023. So place your bets, get your MLS search ready, and prepare to see which markets will come out on top over the next year. If you're thinking of buying or selling, these picks may completely change your plans! In This Episode We Cover The best and worst real estate markets to invest in over the next year Why so many real estate investors remain bearish on California (even with high appreciation!) The one real estate market investors love to hate, and a good reason many people are moving How more prominent economic factors like employment and income significantly impact your investment in a city The "unicorn" real estate market that has stayed under the radar for decades Why some of the worst cities to invest in during 2023 will flip in 2024 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 Jamil's BiggerPockets Profile Jamil's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Hear Our 2022 Housing Market Predictions Rocket Mortgage’s Top Real Estate Markets of 2022 Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-67 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Foreclosures, mortgage rates, housing prices; if there’s one person to ask about any of it, it’s Rick Sharga, Executive Vice President at ATTOM, who handles housing market data and forecasting all day, every day. Rick is often seen as a housing fact crusader, taking down the clickbait hype that many mainstream articles love to post. While other media channels push fear, Rick focuses on facts, showing what’s happening in the housing market, whether it’s good or bad news. Rick knows much more about home foreclosure numbers than most, so we took time today to ask him exactly how rising interest rates, crushing unaffordability, and shrinking home prices affect today’s homeowners. Could there be a foreclosure crisis on the horizon? Or, are homeowners in such a solid position that the chance of getting foreclosed on is slim to none? And if you’re looking to make some money during this declining market, which strategy would work best as buyers and sellers get desperate? We also take a chance to get Rick’s opinion on where interest and mortgage rates could be heading over the next year. Rick lays out the exact scenarios that could cause rates to plummet or rise multiple percentages and how homebuyers may go through a rate “reprogramming” to get hungry for houses once again. If you’re holding, buying, selling, or renting in 2023, this is the data you need to know! In This Episode We Cover The interest rate “reprogramming” and why rates don’t need to hit rock bottom for a buying frenzy to start again Mortgage rate predictions and what could happen that would cause rates to spike in 2023 The latest foreclosure data and why homeowners being “underwater” isn’t what you think The best opportunity for real estate investors and the revival of wholesaling in 2023 Bad news for house flippers and why profits are starting to drop for home renovations The “short-term pain, long-term gain” of real estate investing in 2023 (and beyond!) 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 Jamil's BiggerPockets Profile Jamil's Instagram Hear Our Past Episode with Rick ATTOM’s Home Flipping Report Connect with Rick: Rick's LinkedIn Rick's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-66 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Deleveraging is a term you probably haven’t heard. And don’t be surprised; most news networks will never cover what deleveraging is or what it means for the real estate market. But, this capital constriction could implode the housing market, causing numerous investors and funds to go under, leaving the rest to pick up the scraps. This massive change is about to happen, but don’t get too scared; if you bought right, you could be one of the lucky few with a buffet of cash-flowing deals to choose from. So, who’s better to ask about this impending crisis than Ben Miller, co-founder and CEO of Fundrise? He’s been on both ends of lending, not only buying significant assets with credit but also supplying the funding to others who need it. Ben is predicting a massive change in the real estate market that will shock investors to the core and could leave the economy worse for wear. This deleveraging crisis Ben talks about is not a simple concept, but once you understand how and why it’s happening, you unlock a piece of knowledge that 99% of other investors miss. Ben speaks on how bridge loans and floating financing have put thousands of investors (and lenders) in a bind, why banks will be strapped for cash in 2023, and the scenarios that could play out over the next year if everything goes wrong. Make no mistake, this is NOT a doomsday forecast or some hypothetical hype meant to worry investors. Deleveraging is a real scenario that could have cascading effects for decades. If you’re investing, this is a CRUCIAL episode to tune into. In This Episode We Cover Deleveraging explained and why so many investors are on the line for millions of dollars Which real estate industries will be hit hardest when the deleveraging crisis manifests  Why even the banks are overleveraged and the domino effect that could cause financial chaos  The scenarios that could play out as banks start to constrict the money supply and investors get desperate  The massive opportunity for investors as overleveraged loans come due and assets start to sell for a fraction of the cost  Who will win and make it out alive after the mass deleveraging takes place  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 Hear Our Previous Interview with Ben on “Build-to-Rent” Investing How to Prepare for a Recession (and Profit!) in 2022 Connect with Ben: Ben’s Twitter Ben’s LinkedIn Ben’s Email Ben’s BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-65 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate tax strategies are plentiful. In fact, real estate investing is one of the most tax-beneficial investments you could make, with a plethora of tax write-offs and loopholes you can use to avoid taxes legally. But, if you’re new to real estate investing or don’t know about many of these strategies, you could pay tens of thousands extra every year, limiting your portfolio’s growth. That’s why we brought Amanda Han, CPA and real estate investor, onto the show. Amanda has been helping investors lower their tax burdens for decades. As an investor herself, she’s had to grow her professional and personal knowledge to take advantage of as many tax deductions as possible. She’s so fluent in the real estate tax code that she even wrote the books on tax strategies for BiggerPockets! Dave and Henry spend today’s interview asking Amanda the tax questions you may have been too scared to ask your CPA. We’ll touch on the most significant changes in the 2023 tax code, the big blow to investors starting next year, cost segregations explained, the short-term rental tax loophole, and why you should start planning NOW for next year’s taxes. If you want to pay fewer taxes, buy more real estate, and keep more of your hard-earned passive income in 2023, this is the episode to listen to! In This Episode We Cover The biggest tax change for real estate investors that you NEED to know about When to start preparing for taxes and “accelerating” your expenses in 2023  2023 tax strategies for real estate investors and the write-offs most people miss The HUGE house hacking capital gains benefit that most investors don’t know about Bonus depreciation and cost segregation studies explained The short-term rental tax loophole that’ll allow you to write off everyday income The one question every investor should ask when interviewing CPAs/tax strategists  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 Tax-Saving Toolkit Books Mentioned in the Show The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han The Book on Advanced Tax Strategies by Amanda Han Connect with Amanda: Amanda's BiggerPockets Profile Amanda's Instagram Amanda's Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-64 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

There are few things more critical to a real estate investor than home prices, mortgage rates, and rent. Thankfully, those are three subjects that Redfin decided to tackle in their new 2023 housing market predictions list. But are these housing market projections the truth, or is the data showing something else entirely? We’ve got Dave to fly solo this episode to break down these hot housing market takes to see which could truly come true in 2023. Welcome back to On the Market. As we wind down the year, we’re wrapping up as many real estate predictions and forecasts as possible so we can give you, the investors, the best chance of success in 2023! And although many of you have asked for Dave’s crystal ball (it’s just his head, people), he’s brought something even better today to share: cold, hard housing market data! We’ll be pinning it against Redfin’s predictions on mortgage rates, housing prices, home sales, rents, and construction for 2023. Some of these predictions seem far more likely than others, as the future remains mysteriously shrouded in possibilities of a global recession or depression rocking the housing market over the next year. But let’s get to what you really want to know: which markets will be saved, how low rates will go, and when you can expect to get even better deals on investment properties. All that (and much more) is coming up, so tune in! In This Episode We Cover Redfin’s most significant housing market predictions of 2023 How low home sales could go as buyers and sellers stand in a stalemate Mortgage and interest rate predictions and the three scenarios that could cause rates to drop Whether or not a foreclosure crisis is on the horizon as home prices start to stall The most secure real estate markets in 2023 and why the “winners” of 2021 and 2022 won’t be safe The generation of forever-renters and why a nationwide rent drop isn’t as likely as it seems Which property type will see the most construction and competition in building 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 Redfin’s 2023 Housing Market Predictions Hear Our 2023 Housing Market Forecast   Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-63 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing crash is always looming. If it wasn’t, how would media outlets push you to constantly stay informed, glued to the television, watching every new mortgage and inflation update? For years now, a housing market crash has been the talk of the town, with everyone from well-known news anchors to your “very informed” family members telling you that it’s only a matter of time until this house of cards comes crumbling down. But these “forecasts” aren’t as rock-solid as they may seem. This is just one of the stories we’ll touch on in this episode of On the Market, where we’re joined by our entire panel of expert guests! With the housing market in a standoff between buyers and sellers, our expert real estate investors are here to save the day, giving you the top stories that could impact your income. To start, Jamil talks about the “cancer” that’s affecting the Arizona housing market, Kathy touches on new landlord legislation, Henry hits on the US recession, and James debates the housing market doubters. But we’re not just talking about how investors are faring, we’re diving deep into a rarely-talked-about subject among investors—homelessness, housing affordability, and our impact on society. You’ll hear why investors are open to building affordable housing, but there’s one BIG hurdle standing in their way, stopping them from moving forward. We’ll also discuss whether or not landlords are the villain retail homebuyers portray them to be, and how we, as investors, can help more homebuyers reach their dreams of finally becoming owners themselves.  In This Episode We Cover Homelessness, housing affordability, and why even as prices drop, first-time buyers feel out of luck  Affordable housing and what the government must do to incentive landlords to act Landlord legislation and a new bill that could curtail Wall Street’s buying activity  Whether or not the US has already entered into a recession and who’s hurting the most Housing crash “clickbait” and why the chances of a home price drop-off are different than you think The “money printing disease” and how the Federal Reserve’s unregulated moves are killing the economy  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 James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-62 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

What are your 2023 goals? If you don’t have an answer in mind just yet, don’t worry, there’s still time to lock in your plans to have a wealth-building, financial freedom-finding, more fun (and frugal) new year. And while goal setting for many people can seem almost arbitrary, top investors, again and again, point to it as one of the reasons they’re able to hit such unbelievable heights. We’re not talking about making a few extra bucks in passive income, we’re talking about building life-changing wealth in only a matter of years. If you think you shot too high in 2022, think again. We’ve got Henry, James, and Kathy back on the show to talk about what they’ve accomplished in 2022. To no surprise, almost all of them hit big goals, but that doesn’t mean they did everything they wanted. All of our expert guests failed at one or multiple of their goals, but funnily enough, failing meant success in other areas! They’ll walk through exactly how they set their 2022 and 2023 goals, the steps they’re taking to do the impossible, and tips you can use to hit goals you’ve never even dreamed of. Whether 2023 will be the year you buy your first, or fifteenth rental, flip a property, or finally reach financial freedom, these tips can help you no matter what stage you’re at. So tune in, bring a pen and paper, and get ready to achieve your dreams in 2023. In This Episode We Cover Our failed 2022 goals and how we’re making up for them in 2023 Big plans to buy hundreds of rentals in just one year Why falling short on a past goal could benefit other moves you’re making this year Setting hard deadlines to force yourself to accomplish what you’ve set out to do Taking a step back from “active” investing to spend more time with family and friends Vision boards, affirmations, and other techniques experts use to accomplish big goals On the Market’s plan for total podcast domination and how we’re going to make Dave the BEST Dave in the podcast space 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 James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Accomplish Anything in 90 Days with “The Intention Journal” Our 2022 Biggest Real Estate Mistakes The Secret to 10x-ing Your 2023 Goals | How to Set Goals Ninety.io   Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-61 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Home buyer’s remorse, low interest rate dreams, and not taking a second look at a property. These are some touchy subjects for real estate investors who had wins but also big losses in 2022. While real estate investing is one of the best ways to grow generational wealth, it still has its home-induced headaches, either from going over budget on a project, waiting too long to buy, or doing the wrong rehab. But don’t get down if you made any of these mistakes. Our expert investors have done the same! Welcome back to On the Market. In today’s show, Dave, Henry, James, and Kathy, talk about the biggest real estate regrets and mistakes made in 2022. This show proves that even if you’re experienced, you can still fall prey to making mistakes and losing hundreds of thousands of dollars doing the wrong deals. But this isn’t all doom and gloom. The cast shares lessons learned from these big mistakes so listeners like you can avoid these money-hemorrhaging life lessons the next time they pop up in your life. We also talk about some of the biggest mistakes across the news in 2022. These span from the FTX crash and SBF’s fall from grace, the crypto slump of this year and last, and why so many buyers were caught off guard by the almost unprecedented interest rate hikes of earlier this year. Tune into this episode, and stick around for next week’s as we give a glimpse at what we’ll be doing to build even more wealth in 2023! In This Episode We Cover Knowing your numbers and how going over budget on a renovation is easier than most people think Interest rate nostalgia and why locking down a low rate beats a better home price Permitting hold-ups and how avoiding a site visit could cost you hundreds of thousands The FTX crash and crypto’s demise over the past two years (and what caused it) 2023 mortgage rate predictions and whether or not we’ll see four percent rates within the next year Why every great real estate investor has a bad contractor story 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 James' BiggerPockets Profile Kathy's BiggerPockets Profile Henry's Instagram James' Instagram Kathy's Instagram How to Deal With Regret in Real Estate Biggest Red Flags of a Bad Contractor Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-60 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

After Hurricane Ian, Florida real estate took a huge hit. With multiple communities literally underwater and the entirety of Southwest Florida facing pricey home repairs, Florida went from being the Sunshine State to the “do we have enough insurance?” state overnight. And with more and more natural disasters taking shape across the US, how can homeowners, landlords, and renters prepare for what mother nature is throwing at us? Thanks to both heavy state and federal funding, Florida is well on its way to a successful recovery, but how did this happen? To learn more about the ins and outs of disaster recovery, we brought on Jeremy Edwards, Press Secretary at FEMA (Federal Emergency Management Agency), to share what the federal government is doing to aid in building back communities. Jeremy touches on storm tracking, pre-disaster preparedness, flood insurance coverage, and temporary housing programs landlords can use to help affected areas. We also take a detour to talk about the rising insurance costs in disaster-prone areas like the Gulf Coast and the flood mitigation assistance grants that FEMA has set up for local governments to lower their chances of a devastating event. Jeremy also talks about what private homeowners can do if they don’t have enough insurance coverage, and how they can build back better so their own homes are protected when disaster strikes. Read More About Substantial Damage Determinations Here.  In This Episode We Cover The financial impact that Hurricane Ian had on the state of Florida Rising home insurance rates and how the government is stepping in to help Why investors are still buying in areas that are highly impacted by hurricanes Flood insurance and FEMA’s assistance to homeowners that need more coverage Temporary housing assistance and how landlords can help those in need Hurricane, wildfire, and other disaster prevention that could save you tens of thousands The timeline for a full recovery in heavily affected hurricane areas 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 Read More About Substantial Damage Determinations Here National Risk Index ClimRR Fema’s: Individual Assistance Line: 1-800-621-FEMA (1-800-621-3362) Disaster Assistance Ready Listo FEMA App Connect with Jeremy: Jeremy's LinkedIn Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-59 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Zillow, Opendoor, and other iBuyers made quite a name for themselves over the past two years. By buying up every house on the block, iBuyers quickly became the “no work, best price, all cash” alternative to selling through an agent or a wholesaler. These huge, wall-street funded businesses were buying thousands of homes in the blink of an eye, doing some quick repairs, and flipping them in record time. But even with all this activity, iBuyers were slowly hemorrhaging money, causing most of them to crash and burn within the past year. Now, all that’s left standing is Opendoor and Offerpad, two of the most experienced iBuyers around. But will either of these giants survive until the end of 2023? With home prices starting to plummet, interest rates rising, and last year’s homeowners not looking to move, will Opendoor and Offerpad bleed out before they get another shot at this wild housing market? We brought in real estate tech strategist, Mike DelPrete, to give his opinion on the future of iBuyers. Mike has been watching iBuyers for a while. He’s seen them creep into towns, buy up inventory, just to sell at a loss months or years later. He knows what competition looks like for real estate investors, and he doesn’t think iBuyers offer much of a threat. Mike walks through the current state of iBuyers, how they could end wholesaler and realtor careers, why most iBuyers were designed to fail, and why companies like Opendoor and Offerpad may be forced to pivot strategies very soon. In This Episode We Cover How 2022’s housing market almost destroyed the iBuyer industry A huge threat to real estate agents and wholesalers from iBuyers The massive operational expenses that destroyed businesses like Zillow Offers The iBuyer’s “path to profitability” and why it’s almost impossible to achieve  Why homebuyers are refusing to buy the soulless flips iBuyers offer Whether or not iBuyers will be able to survive this current housing correction  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 Jamil's BiggerPockets Profile Jamil's Instagram Predators and Prey Article Opendoor Algorithm vs. Local Flipper iBuyer Opendoor Offerpad Connect with Mike: Mike's website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-58 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! 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 with Dominique & Leka: Dominique's BiggerPockets Profile Dominique's Instagram Leka's BiggerPockets Profile Leka's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-57 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 with 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s housing 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Kathy's BiggerPockets Profile Kathy's Instagram Furnished Finder Stats Book Mentioned in the Show 30-Day Stay by Sarah Weaver and Zeona McIntyre (Use Code “SARAH” or “ZEONA” for a discount) Connect with Sarah & Zeona: Sarah's BiggerPockets Profile Zeona's BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-45 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram 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 Nick's Twitter Nick's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-44 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Yardeni Demographic Data Rocket Homes moveBuddha NYT/CommercialCafe Book Mentioned in the Show Real Estate by the Numbers by Dave Meyer and J Scott Connect with Soli: Soli's BiggerPockets Profile Soli's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-43 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram Book Mentioned in the Show Real Estate by the Numbers by Dave Meyer and J Scott (Use Code “DAVE” or “JSCOTT” for 10% Off) Connect with J: J's BiggerPockets Profile J's Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-42 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Kathy's BiggerPockets Profile Kathy's Instagram 4 Vital Points to Consider BEFORE Getting Into New Construction The FRED Producer Price Index Connect with Chris: Chris' Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-41 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram James' BiggerPockets Profile James' Instagram 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area 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 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Kathy's BiggerPockets Profile Kathy's Instagram 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? Connect with Chris: Chris' website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-37 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram 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 Jamil's BiggerPockets Profile Pace's BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-36 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area 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 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram James' BiggerPockets Profile James' Instagram Hear Our Interview with the Vice President of Research at the National Multifamily Housing Council Connect with Ben: Ben's Twitter Ben's LinkedIn Ben's Email Ben's BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-33 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area 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 Black Knight NAR Housing Affordability Index OECD 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area 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 On the Market Podcast 14 with Logan Mohtashami On the Market Podcast 17 with Rick Sharga Connect with John: John's Real Estate Consulting Email John for a Link to The BRRRR/Fix and Flip Survey Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-31 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area 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 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 Connect with Caitlin: Caitlin's Email Caitlin's LinkedIn Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-30 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area 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 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 Connect with Pace: Pace/Yourself – Real Answers with Pace Morby Triple Digit Flip on A&E Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-29 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area 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 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 crisis and why many homebuyers can’t afford homes in popular markets  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 Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Dave’s Housing Market Data Black Knight Moody’s Analytics Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-27 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area 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 Invitation Homes Opendoor Rapid Repricing Interest Rates Hear More About Jamil’s $15M Wholesale Deal Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-26 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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! 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 Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices