On The Market

The US real estate market is a bit complex. In the South, homes are still quickly getting under contract as those from the North and West move to warmer climates. But demand is brewing in states that you probably haven’t even considered. Plus, a comeback no one expected could be on the horizon. In a market like 2023, anything and everything is up for grabs, and we could be back to the wild housing market we thought was left behind in 2022. To put each area of America head-to-head, we’ve got Dave Meyer, Henry Washington, James Dainard, and Kathy Fettke, representing the Northeast, South, West Coast, and Midwest, respectively. Each of these markets has its own set of benefits, ranging from affordability to strong job growth, optimal climates, and appreciation. So which area could be the best bet for investors in 2023? We’ll touch on the latest housing market data to see where each of these regions stand, where median home prices are heading, why often overlooked markets are finally getting the attention they deserve, and whether or not the West Coast truly is the best coast. If you want to invest but don’t know where, stick around! In This Episode We Cover Pitting the Northeast, South, West Coast, and Midwest markets against each other The surprising cities that are seeing HUGE competition even during a slow housing market Tertiary markets outside of big metros that could be solid investing areas A West Coast comeback and why demand is increasing in traditionally high-priced cities MASSIVE price jumps throughout the South (and the few cities where prices are falling fast) Affordable appreciation and why markets with low-priced homes won’t stay that way for long And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Henry's BiggerPockets Profile Henry's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Hear Our Interview with Fortune’s Lance Lambert on the “Polarized” Housing Market The Top 10 Housing Markets Forecasted For Strong Demand This Decade Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-107 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Rising interest rates, a new recession, high unemployment, and much more economic uncertainty could be on the way. But what can you expect after such a turbulent past few years? The US took significant financial and monetary moves to prevent an economic collapse in 2020, but as a result, mistakes were made. In 2023, we’re paying for the economic “errors” of our past, and many of them haven’t even caught up to us yet. Jason Furman, Harvard professor and former Director of the National Economic Council under President Obama, brings both optimism and realism to share. In Jason’s eyes, the “supply-based inflation” argument isn’t holding up, and something much more severe is causing prices to rise as rapidly as they are. So how do we get out of this bind? Jason shares the scenarios that would have to unfold for us not to end up in a recession or with higher interest rates, but reality foreshadows something much different. When will we break out of this constant cycle of price hikes? What has to happen for the Fed to finally take its foot off the gas? Will today’s strong employment last, or do jobs need to be cut for the economy to recover? Stick around to hear these questions, and many more, answered by one of the world’s leading economists. In This Episode We Cover 2023 economic forecasts from one of the world’s leading economists The true cause of today’s rampant inflation and what could finally force it to stop The “wage-price persistence” and why most people are wrong about price hikes Economic “errors” of 2020 and 2021 that we’ll be paying back for years to come Rising rates and whether or not the Fed is really done with bumping basis points Unemployment and how long today’s strong job market will actually last Consequences of the US defaulting on its debt and the scary-enough odds that it could happen And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram “Catastrophic” Consequences of the US Defaulting on Its Debt The Fed Starts Playing “Mind Games” as Rates Rise, Home Prices Fall Connect with Jason: Jason's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-106 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

The most significant wealth transfer in American history could be upon us. As money-printing mania continues worldwide, dollars (and most other currencies) are worth less and less, while tangible assets, like real estate, are worth more. This is bad news for the average American, with most of their wealth trapped in a bank account or stock portfolio. If the most commonly used assets, like bonds, equities, and cash, become worthless, what happens to America? To help answer this seemingly unfathomable question is Chris Martenson, CEO of Peak Prosperity. Chris spent his early career working for some of the largest corporations in America, but after bubbles started to burst in the early 2000s, he took a look into the inner workings of the American economy. What initially started as a simple interest became an all-consuming quest to understand why political executives and massive institutions like the Federal Reserve were making irrational choices for the American people. In today’s show, Chris uncovers the truth behind quantitative easing, money-printing, and the Fed’s consistent financial swerving. He’ll also explain why bubbles are starting to burst in today’s economy, how interest rates had a large part to play in inflation, the new reality of de-dollarization, and why we may be on the cusp of the largest wealth transfer in American history. If Chris is correct, we could enter an entirely new era of the economy, one that only a few of us will thrive in. In This Episode We Cover Money-printing and the true effects of the Fed’s massive quantitative easing Asset price bubbles and which are the closest to bursting in 2023 Interest rate hikes and how they’ve contributed to hideous inflation De-dollarization and how America’s wealth could be at risk if USD loses its global status Defaulting on the US debt and what happens if the government can’t pay its bills The new American wealth transfer and why only these “productive” assets will survive The most important “capital” anyone can have if/when the economy breaks down And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Commercial Real Estate Could Crash, But Are Everyday Investors Impacted? The BIG Economic Implications of US Bank Failures Get Real Estate Market Insights from Cohen & Steers Connect with Richard: Richard's LinkedIn Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-105 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Multifamily and commercial real estate has been the butt of the joke over the past year. As mortgage rates started to rise, commercial real estate investors were hit hard, as profits became pitiful and asking prices laughable. For months, the media has been predicting a commercial real estate crash, citing a wave of mortgages coming due with sellers who won’t be able to pay the high price of a refinance. And while these fundamentals aren’t wrong, a mortgage meltdown might not be a reality. So instead of speculating, we brought on Richard Hill, Head of Real Estate Strategy & Research at Cohen & Steers, to differentiate the facts from fiction. Richard knows that loans are coming due, and buyers with low-rate adjustable mortgages may be in trouble. But that’s not the whole story, and some parts of commercial real estate could be primed for massive growth that residential investors have no clue about. The opportunities could be flowing soon for those who know where to look. In this episode, Richard will talk about the true risk of commercial real estate mortgages, which sectors are in the most trouble, which are being blown out of proportion, and how much investors can expect prices to drop. Plus, Richard gives his take on the three best times to invest in a quickly changing market like we’re seeing today. In This Episode We Cover The commercial real estate “crash” and how far prices will actually fall Commercial debt coming due and which sectors have the highest risk Bank failures and what’s causing big banks to dump their commercial loans The future of financing for commercial investments and whether funding will become a challenge Mortgage exposure and why demanding LTV (loan-to-value) requirements make for better investments The astronomical tax implications of defaulting on your mortgage (DON’T Do this) When to buy and which industries are primed for growth in the next few years And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Commercial Real Estate Could Crash, But Are Everyday Investors Impacted? The BIG Economic Implications of US Bank Failures Get Real Estate Market Insights from Cohen & Steers Links from the Show Richard's LinkedIn Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-104 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Homebuyers are gearing up for a hot summer housing market as demand starts to surge. At the beginning of 2023, nobody thought it possible that we’d be in the position we’re in today. Days on market have shrunk in some areas as listing attendance explodes and buyers' home-owning dreams resurface. But it’s not all sunshine and rainbows in the world of real estate; something bleak is on the horizon for large-scale investors. We’re halfway through Q2 of 2023, and the real estate market is changing fast month by month. Multifamily buyers are sitting on the sidelines, foaming at the mouth to dig in on deals that will soon be dead, but primary residence shoppers are facing another challenge. With a lack of inventory and mortgage rates on the verge of falling again, the buyers who were kicked out of the market last year are hungry to get back in the game. Don’t know whether now is the right time to buy your next rental property? Kathy and James give up-to-date advice on what they’re pursuing in today’s market and whether or not now is the time to get aggressive. If you want to get the data these (and many other) experts use to make their investment decisions, check out Dave’s newest Q2 housing market report! In This Episode We Cover A Q1 housing market roundup and why the market flipped even with high mortgage rates New inflation data and why consumer prices aren’t dropping yet Whether or not another interest rate hike could hit homebuyers this year Housing demand and why sellers are seeing a BIG boost in buyer activity Our Q2 housing market predictions and what to do if you’re on the fence about investing The BEST online sources to pull housing data from, plus Dave’s newest Q2 housing market report And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Grab the Q2 Report Past Episodes Mentioned in Today’s Show: Altos Research Rocket Mortgage Connect with Other Investors on the “On the Market” Forums Data Sources Mentioned: FRED Housing Wire Marcus and Millichap Redfin Data Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-103 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Don’t you miss the “normal” housing market? You know, a few years back when buyers didn’t have to bludgeon other bidders just to get into a reasonably priced house? The times when the average American could afford a roof over their head, and sellers actually had a reason to put their homes on the market. Well, we may be returning to a “normal” housing market faster than you think, but a few key things will need to happen first. We’re back on On the Market, bringing you the most up-to-date housing market headlines, separating fact from fiction, and giving you everything you need to know to make the best investment decisions. This time, we’re running through four of the top stories in our newsfeeds. First, James touches on the $1.5T ticking time bomb that commercial real estate faces and what happens if a wave of debt gets defaulted on. Next, we’ll shift into more residential territory as Kathy dissects the “divided” housing market and updates us on how post-pandemic boomtowns are faring. Then, a return to normalcy, as Henry hits on how the 2023’s housing market correction could give homebuyers some leverage they deserve. Finally, mortgage rate updates and whether or not the spring season of homebuying will “survive” as buyers see a bump in their rates. Stick around to get all the info you need to build your real estate portfolio, so when ChatGPT takes your job, you’ll have some passive income to rely on! In This Episode We Cover Post-inflation car, food, and gas prices and Kathy’s $20 carton of eggs Commercial real estate debt and what happens if owners start to default The “divided” housing market and how cities that saw MASSIVE appreciation are faring now The 2023 real estate correction and good news for buyers as the market starts to stabilize Mortgage rate bumps and whether or not this will hurt the traditionally hectic spring homebuying season Using ChatGPT to find real estate deals, write property descriptions, and get more deals done And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Articles Mentioned in Today’s Show: Commercial Debt Divided Housing Market 2023 Housing Market Correction Will Spring’s Market “Survive? Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-102 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

High mortgage rates chewed up and spit out homebuyers, loan officers, and the mortgage industry. With a bump of a few percentage points, buyers exited the market quickly, and the number of mortgages got cut in half almost instantly. But what else can you expect from the most significant mortgage rate movement in forty years? Now, nearly a year after mortgage rates took their initial hike, there may be some hope on the horizon that we’re returning to better days for both buyers and sellers. But who better to ask about mortgages than the President of Rocket Mortgage, Tim Birkmeier? Tim has been in the mortgage industry for over two decades, working his way up from loan officer to president, helping turn Rocket Mortgage from a regional company into America’s largest mortgage lender. He knows loans inside and out and has some predictions on how loans could change over the next few years. Tim touches on why FHA loans are seeing a comeback (especially as their fees get cut), why HELOCs are in an equity-based revival, and how to “lock in” your mortgage rate so you don’t get stuck buying when basis points jump up. So if you’re itching to get back in the real estate game but don’t know how long high mortgage rates will last, stick around! Tim has answers only an industry-leading expert would know. In This Episode We Cover Mortgage rate hikes and what 6% interest rates did to the housing market FHA’s comeback and why your mortgage insurance cost is about to go down Upgrading vs. moving and why homeowners and taking more equity out than ever before Rate buydowns and Rocket’s “Inflation Buster” program to keep your payment low New digital mortgage transactions and the future of getting approved Buyer demand and whether or not the seller stalemate will soon be over And So Much More! Links from the Show Agent Finder Lender Finder 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 Connect with Tim: Tim's LinkedIn Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-101 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Got a high credit score? Your mortgage could get more expensive. And no, this episode isn’t releasing on Opposite Day. New mortgage rules are incentivizing those with poor credit while punishing those that have built up their credit. And while this may seem like we’re venturing back to the days of subprime mortgages, there may be some real reasoning behind this newest mortgage rule change. Welcome to the 100th episode of On the Market! It’s been a year since our first episode, and thanks to Dave, Henry, James, Jamil, and Kathy, we’ve rocked the charts with some of the most up-to-date real estate data around. This time, Dave and our panel of guests will share their favorite episodes and go over some of the latest headlines affecting the housing market. First, we’ll touch on how mortgage rules have changed and why high credit score borrowers could be in the crosshairs for more expensive fees. Next, California targets the upper-middle-class, kind-of-wealthy, but not-so-ultra-rich residents with their newest “mansion tax,” which targets houses that aren’t exactly mansions! Finally, a fractional ownership debate and an update on the latest landlord law that could give tenants more property protections. Thanks for joining us for 100 episodes of On the Market! And special thanks to our producer, Kailyn Bennett, for making it all happen. Here’s to 100 more episodes! In This Episode We Cover New mortgage updates that could hurt high credit score borrowers California’s “mansion tax” and how it could affect far more than the “ultra-rich” Factional real estate investing and whether owning a “share” of a rental will ever beat buying properties Colorado’s latest landlords law proposal that could change the way you do leasing Homeownership for all and how unaffordability is putting pressure on lawmakers The On the Market panel’s favorite episodes of all time! And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent Lender Finder BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Homebuyers Are Getting Crushed: Are Landlords the Cause? Why NFL Players Are Buying Real Estate During the Recession SVB’s Risky Bailout and The Bank Run “Domino Effect” 2 Real Deals in 2023 That Could Come with Big Red Flags Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-100 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Don’t know how to run comps on a house? This single skill could be costing you, or making you, hundreds of thousands on every deal you do. No matter what level of real estate investor you are—rookie, intermediate, veteran—the ability to comp correctly will put you above the rest as you walk away from deals far richer than other investors. And during a housing market correction like we’re in today, this skill isn’t just something that’ll make you more money—it’s what will stop you from going broke. Comping, formally known as pulling comparables, is putting a potential property up against other properties in the area, finding a comparable price, and seeing how much can be made on a deal. Most real estate investors have pulled comps a few dozen times, but investors like James Dainard and Jamil Damji calculate THOUSANDS of comps monthly. They’re looking for the profitable property needle in the housing market haystack, and as two self-made multimillionaires, their experience shows that they know what they’re talking about. In this episode, James and Jamil will show you EXACTLY how expert investors comp properties, what you need to look out for when calculating your own, and the “appraisal rules” that were taken DIRECTLY from the source on valuing properties. The tips in this episode could make you six figures more on your next deal. DON’T miss this. In This Episode We Cover How to determine the value of ANY property in ANY location Comping explained and why you MUST have this skill to invest in real estate successfully The “appraisal rules” Jamil uses to get perfect comps on any deal he does Cities vs. suburbs and the BIG mistake investors can make when comping these two areas Where to find property information and the ONE source you should always start with Comping during a housing market corrections and what to do when prices start to slide The ONE tweak James made that helped his recent house flip make $100K+ more 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's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Grab Jamil’s Appraisal Rules How to Determine a Property’s Value Using Real Estate Comps What is a “Comp?” Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-99 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market shoots up different signals every so often. For most investors, though, these fly under the radar. But for data-driven housing market experts like Mike Simonsen, these signals are hard not to notice. If you want to know where prices will go next, when inventory could spike, and whether or not demand will start to fall (or rise), you MUST know what these signals are and how to find them. Today, we’ll let you in on the not-so-secret way to predict housing market moves so you can invest better than the rest. Altos Research’s Mike Simonsen didn’t start as a housing market enthusiast. He was in Silicon Valley, working with data, just trying to buy his first overpriced house. But, through getting his foot in the door of real estate, he uncovered that no one had the data he needed to make better investments. So, he started Altos Research to finally give real estate investors, realtors, and everyday homebuyers the tools to make their best buying decisions. Over the past seventeen years, Mike has been analyzing, segmenting, and qualifying housing market data for some of the most prominent investors in America. And now, he’s here today to share his time-tested secrets with you. No matter your skill level, you’ll be able to pinpoint the housing market signals Mike showcases so you uncover where the market is moving before the masses. Whether you’re an investor, homebuyer, realtor, or renter, this data will help you build wealth better than ever. In This Episode We Cover The housing market “signals” that can predict home prices, demand, and more Where to find FREE housing market data that’ll help you make the BEST investment decisions “Segmenting” your market and why you’re probably looking at homes all wrong The biggest housing market surprise of 2023 and why the unexpected happened What could cause homebuyer demand to DROP (and whether it’s possible this year) Housing inventory and why SO many homebuyers are hanging on to their houses How Mike single-handedly saved the US economy from imploding 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 Unlock FREE Housing Market Data from Dave Realtor Redfin Zillow Connect with Mike: Altos Research Altos YouTube Channel Mike's LinkedIn Mike's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-98 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

The US dollar is in danger. For decades, trading in USD (US dollars) has been the standard for almost every country on the planet. Thanks to America’s consistent economy, stable government, and growing global market share, the USD has become the most sound currency on earth. But things are starting to change. USD dominance is being threatened by BRICS countries (Brazil, Russia, India, China, and South Africa), looking to ditch the dollar for a currency they control. But why are most countries trading in USD? When was USD chosen to be the world’s reserve currency? And what does “reserve currency” even mean? Dave Meyer breaks it down in this episode of On the Market, as he details the history of USD dominance, the post-World War rise of a reserve currency, and why the “petrodollar” may be losing steam as other economies grow larger. Dave will also go in-depth on the economic effects of leaving a USD standard, when the USD could be replaced, which currencies are competing, and why dollar dominance (probably) won’t be over anytime soon. American or not, decoupling from a USD standard could have huge effects on your investments, wealth, and spending power. In This Episode We Cover What a “reserve currency” really is and how the USD was chosen to be one BRICS' fight for economic dominance and which currency will come out on top How the Ukraine-Russia conflict exacerbated the need for multiple reserve currencies Going off the gold standard and how a diluted US currency may have made things worse The “petrodollar” and why countries like Saudi Arabia are leaving the USD behind The often-untouched benefits of a non-USD-dominated world 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 How Does Money Work? The Complete Guide to Monetary Systems Planet Money Episode 553: The Dollar At The Center Of The World Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-97 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

What if we told you there was a real estate tax loophole that would help you write off most of your income without becoming a real estate professional or going through some precarious property scheme? If you’ve heard stories of wealthy investors making MASSIVE profits through rental properties and walking away with a near-zero tax liability, this could be the strategy that they were using. But, if you want to know what it is and how to use it to your advantage, you’ll have to tune in. We’ve brought on not one but two financial powerhouses to explain the ins and outs of this rental property tax loophole. Brandon Hall, CPA, and Kyle Mast, CFP, have used this exact loophole to shave their tax liabilities down dramatically. The requirements to take advantage aren’t complicated, but you must be a rental property investor of a specific type of property. And not all CPAs will know how to do this, which is why you must find the right one BEFORE you file! In this episode, Brandon and Kyle will talk about how to unlock this tax loophole, the requirements you’ll need to hit, the logistics of using it, and the red flags you’ll need to keep an eye out for when giving it a go. In a few simple steps, you could eliminate your income taxes in a completely legal way, BUT you’ll want to make sure you follow Brandon and Kyle’s suggestions to a tee. In This Episode We Cover The real estate tax “loophole” that allows you to write off a SIGNIFICANT portion of your income Real estate professional status and how those that don’t make the cut can still write off BIG deductions The requirements you’ll have to hit to realize this real estate tax deduction Bonus depreciation, cost segregation, and why NOW is the time to take advantage Depreciation recapture and what to do to avoid paying taxes in the future Red flags to watch out for when trying this strategy and whose advice you can actually trust 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 Kyle's Twitter Kyle's Website BiggerPockets Money Podcast 200: A Personal Finance Masterclass with Kyle Mast Connect with Brandon: Brandon's BiggerPockets Profile Brandon's Facebook Group Brandon's Podcast Brandon's Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-96 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Land investing may be the newest way to make cash flow in today’s increasingly difficult housing market. With more and more investors fighting over real estate deals that break even at best, land investors are sitting pretty, with an almost unlimited supply of new investments and an even more robust pipeline of potential buyers. And while land investing may not have the passive income potential of a rental property, there are still numerous ways to take home some serious cash flow by dealing dirt. Daniel Apke fell in love with land investing after a long history as a serial side hustler. He tried everything from ghostwriting romance novels to setting up stores online, but nothing gave him the financial freedom that land investing did. Then, thanks to a helpful tip from a mentor, Daniel was able to start buying land at SIGNIFICANT discounts. He would then flip this land on or off-market to anyone willing to buy, allowing him to walk away with a handsome payday WITHOUT dealing with tenants, toilets, or trash. Now, Daniel has built an entire business out of flipping raw land, and the perks of a property-less lot may pique your interest. Whether it’s low competition, no permitting hassles, or the ability to exit multiple ways, land investing could be an attractive alternative to rental property investing as competition gets tough. If you think there isn’t much under the surface of these dirt deals, you’d be wise to stick around! In This Episode We Cover Finding financial freedom through land investing and how you can repeat Daniel’s system Land flipping explained and where to find the most profitable lots of raw land The BIG bottlenecks you’ll face when selling land and how to get past them with creative financing The land-buying business model and how to buy, analyze, and sell dirt Off-market land and the best method to find undervalued lots with low competition Subdividing and lot splitting to make the most out of a large plot of land Land demand and whether or not this type of activity will last for years to come 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 The Risks and Rewards of Investing in Raw Land Connect with Daniel: David's BiggerPockets Profile David's Instagram David's Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-95 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Commercial real estate has seen a severe drop in demand. From office buildings to multifamily and more, rising mortgage rates and unwavering cap rates are making commercial real estate a gamble more than a grounded investment. But, when buyers start exiting the market, sellers get desperate, and this chain reaction allows committed commercial real estate investors to scoop up deals worth millions more just a few years back. We have a couple of those deals coming up on this episode! We’re back with another audience deal show. This time, we’re walking through two commercial real estate deals with serious potential, but their prices don’t match reality. First, we talk to Ben Mashat, who recently went full-time into real estate investing after scaling a successful wholesaling operation. He’s got a MASSIVE deal opportunity—a five-story office building with seven-figure potential profits. The problem? A price tag that doesn’t match today’s commercial property market. Next, we hear from Heidi De La Torre, who’s looking at a multi-unit beachside property with impressive price comps nearby. But, with zoning issues and a seller that can’t make up their mind, Heidi is struggling with which move to make as she debates taking on a project with this many pitfalls. As always, our panel of expert investors will give their suggestions on what our guests should do next and whether these deals are even worth chasing! In This Episode We Cover The state of commercial real estate and why sellers are getting desperate as the buyer pool dries up NOI (net operating income) explained and ENSURING yours is accurate before you get a deal under contract The downside of office investing and why so many buyers are straying away from this property type The cap rate debate and whether or not this metric is the most important factor when deciding on a deal Property zoning, code violations, and how unpermitted builds could COST you Wholesaling large deals and details you’ll NEED to find qualified buyers 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 Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Listen to Our Residential Audience Deal Review Show Commercial Real Estate Could Crash, But Are Everyday Investors Impacted? Cap Rate: What Is It and How to Calculate It Books Mentioned in the Show Real Estate by the Numbers by Dave Meyer Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-94 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate scams and Ponzi schemes have been around for centuries, but with the advent of the internet, social media, and digital banking, more and more scams and schemes have been popping up. You might think that only the uneducated or ill-informed fall prey to these monetary predators, but you’d be wrong. Just recently, two of our expert guests, James Dainard and Jamil Damji, were ripped off in Ponzi schemes that the federal government intervened in. Thankfully, James pulled out his principal earlier on, realizing what was happening. But Jamil was blindsided, leaving him with a seven-figure loss. Both James and Jamil were brave enough to share their stories, and more importantly, the entire On the Market panel have come together to break down how NOT to get scammed on your next investment. Kathy Fettke, a syndicator herself, describes EXACTLY what to look for when passively investing in a deal and why inexperienced operators have become the norm in 2023. Next, Henry Washington shares what you MUST do to ensure a contractor doesn’t run off with your money and how to pace a project, so you aren’t left with an empty bank account and half-done home renovation. Then, we’ll switch gears as Jamil gives actionable steps to ensure your wholesaler brings you a real deal. Finally, James highlights which lenders you should or shouldn’t use and how inexperienced investors are getting strapped with loans that could liquefy their deals all at once. To finish the episode, James and Jamil give the nitty-gritty details of the Ponzi schemes they fell victim to and how even experienced investors can be taken advantage of. In This Episode We Cover Losing a million dollars on one investment and the telltale signs of a Ponzi scheme How to vet your syndicator/operator and why track record means EVERYTHING Paying your contractor in stages and the reason Henry will NEVER pay for a project all at once The documents you NEED to confirm when buying a deal from a real estate wholesaler “Backyard lenders” and why flippers/BRRRRers should consider taking loans that are close to home The “affinity fraud” Ponzi scheme and why you should NEVER invest based on faith A $650M movie rights scam and how James noticed the red flags before any other investor did 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 Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram 10 Glaring Red Flags That Indicate Your “Great Deal” May Be a Costly Scam Watch the “American Greed” Episode on The Movie Rights Scheme Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-93 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Don’t think you can find cash flow in a high-priced market like Florida? What about doing a fix and flip with today’s rising rates and high-priced renovations? Don’t know if your rental’s zoning could sprout numerous red flags on a sale? We’ve brought some On the Market listeners in live to go over the deals they’re doing in 2023, which concerns they’re coming up with, and how they’re building wealth while battling against the economic tidal wave hitting the housing market. Michael Yi and Matt McMains, two of Henry Washington’s mentees, have been trying to hit home run deals in Florida. Michael was able to lock down an underpriced rental property that has almost unbelievable cash flow but with some zoning red flags that could catch him off guard in a sale. On the Panhandle, Matt is weeks away from closing on an out-of-state flip, but with rates jumping up and property holding time getting pricey, expert flipper James Dainard advises caution when getting into a deal like this. One thing is for sure; there are still plenty of ways to profit with investment properties, EVEN in today’s wild housing market! So stick around, and hear exactly how you should be doing your deals as 2023 unfolds. Want to talk about your real estate deal on the show? Email [email protected] with all the nitty gritty details! In This Episode We Cover The overlooked Florida city that has BIG cash flow potential in 2023 Rental property zoning and how to ensure your designation WON’T ruin a future sale Rental renovation tips and which materials to use for which type of renter Hard money loans and how rising interest rates are making holding costs sky-high When to negotiate your deal (EVEN if your due diligence period is up!) Flipping vs. renting vs. wholesaling, and when to walk away from a deal 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 Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Try RentRedi on Your Next Rental Property Connect with Michael & Matt: Michael's BiggerPockets Profile Matt's BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-92 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Last week, the Federal Reserve both surprisingly and unsurprisingly raised rates. For weeks leading up to this meeting, investors had a glimmer of hope that the historical rate hikes would end and that we could finally look forward to a time of reasonable mortgage rates and sustainable home prices. But, even with high rates, the housing market has taken some surprisingly strong wins. We’ll get into today’s top real estate-related stories in this episode! Welcome back to another correspondents show where our “housing market data without the hysteria” expert guests bring in some of the most hard-hitting headlines that could affect real estate investors. Dave starts by professing his deep respect for Jerome Powell’s decision to hike rates even higher and goes into why the Fed could be playing “mind games” with the American people. Next, Henry hits on how home price drops just hit a new threshold not seen in over a decade! Back on the residential side, James breaks down the good news for February home sales, but soon after, Jamil and Kathy touch on commercial real estate stats that have banks, lenders, and investors starting to sweat. But, what could be bad news for some is great news for others, and if you’ve been looking to pick up steals and deals during a time when competition is low, now may be the PERFECT time to get in the market! In This Episode We Cover Interest rates rise again as the Fed plays “mind games” with the American public Home price updates and why the housing market just crossed into 2012 territory Housing market momentum and why homebuyers have gotten back into the game The commercial real estate crash and why CRAZY deals could be around the corner Liquidity tightening and why raising capital and getting mortgages could become a lot harder The HUGE opportunity to invest in a certain asset class that could make a big comeback 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 Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Watch Our Interview with Mark Zandi, Chief Economist at Moody’s Analytics, On the Recent Bank Failures Stories from Today’s Show: Home Prices Drop February Home Sales Commercial Real Estate Prices Slide Liquidity and Commercial Real Estate Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-91 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Back in 2008, the housing market was in freefall. With foreclosures at record highs, homeowners nationwide had to return their residences to the banks. The problem? Banks didn’t want them. Big banks never wanted to be conglomerate landlords. So, who did they pass the homes off to? Institutional investors, REITs, and iBuyers that many real estate investors fear and also blame for today’s real estate problems. But is today’s affordability crisis really Wall Street’s fault, or is there someone else to blame? Back from Moody’s Analytics, we’ve got Thomas LaSalvia and Ermengarde Jabir on the show to explain the situation. Over the past few years, there has been quite a lot of bad blood between single-family rental investors and institutional investors on Wall Street. For small, mom-and-pop investors, these large landlord conglomerates seem to be stealing homes, making it harder for new investors to get into the housing market and even more challenging for first-time homebuyers to get a primary residence. But, the data points to something different. Ermengarde and Thomas explain exactly what institutional investors have been doing as of late, how they may have saved the housing market during the last crash, whether or not they’re still buying in today’s market, and how they’re affecting everyday homebuyers. We’ll also touch on pricing, affordability, and why new construction is kicking starter homes off the to-build list. In This Episode We Cover What led to the 2008 housing crash and how Wall Street stepped in to stabilize prices How institutional investors have been growing over the past decade and their plan for the future Single-family home construction and why first-time homebuyers AREN’T the target market Homeownership, America’s “renter nation,” and whether or not Wall Street is stealing homes from buyers Why institutional investors ONLY buy in specific real estate markets (and where they’re buying now) Who owns the most single-family rental properties across the country 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 SVB’s Risky Bailout and The Bank Run “Domino Effect” How Did A $200B+ Bank Collapse In 48 Hours? On the Market 81 with Thomas Is Wall Street Ruining the Housing Market? Get the Latest Real Estate Insights from Moody’s Analytics Connect with Ermengarde & Thomas: Ermengarde's Email Thomas' Email Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-90 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bank failures were a thing of the past—until a couple of weeks ago. After Silicon Valley Bank’s (SVB) fall from grace and numerous other regional and small-time banks going under, Americans are holding their cash with an iron grip, not knowing whether or not a recession or soft landing could be on the horizon. And with more economic instability comes more fear, panic, and doubt from the general public. Thankfully, we’ve got Mark Zandi, Chief Economist at Moody’s Analytics, to share some economic truths (instead of crash-fueled terror). Mark knows the economy inside and out and understands the true impact behind these bank crashes. He gives his opinions on whether or not this series of bank crashes could lead to an even greater recession, why the government was forced to build a bailout, and how real estate and the economy will be affected as we try to rebuild from this fragile system collapsing. And, if you’re worried that the big banks could start to crumble under their own weight, Mark has some information that’ll quell your fears. But we’re not just hitting on bank news. Mark shares how a “slowcession” could occur throughout the US, leading to a lackluster economy as unemployment grows and GDP growth slows. He also gives mortgage rate predictions and discusses the one real estate type that could be in BIG trouble over the next few years. In This Episode We Cover Silicon Valley Bank’s (SVB) collapse explained and why big banks aren’t worried The social-medial-fueled panic and fear cycle that is hurting the economy The bright side of a bank bailout and how to avoid a systematic collapse Recessions vs. “slowcessions” and why the latter WON’T be a soft landing Real estate prices and which property type could go BUST over the next few years Mortgage rate predictions and why we wouldn’t hold our breath on three-percent 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 SVB’s Risky Bailout and The Bank Run “Domino Effect” How Did A $200B+ Bank Collapse In 48 Hours? Connect with Mark: Mark's Website Mark's Podcast Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-89 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Unemployment was supposed to be much higher by now. With the Federal Reserve increasing its rate hikes over 2022 and into 2023, the labor market should have cracked already. But it hasn’t, and many mainstream investors have struggled to determine why. With a higher cost of capital, businesses should be more selective with who they’re hiring and keeping, but instead, we’re seeing the labor market have much more power than they’ve had in the past. So, did we successfully dodge an employment crisis, or is a rude awakening coming our way? Joe Brusuelas, principal and chief economist for RSM US LLP, knows that we’re thinking about unemployment all wrong. As a leading economist with over twenty years of experience, Joe has seen multiple recessions, crashes, and unemployment crises. He knows exactly what it would take to make the labor market snap and push the country into a recession. Joe breaks down precisely what the Federal Reserve has been planning, when its interest rate hikes will finally take effect, and what the future of the labor market looks like. He also touches on how we may be entering an entirely different era of the economy, one with tight employment, higher interest rates, and higher inflation than we’ve been used to. This directly affects almost every consumer in America, and investors can get ahead of the economy by knowing when this unemployment scale will finally balance. So don’t sit on the sidelines and be surprised when these economic forces take shape. Tune in! In This Episode We Cover Why unemployment has been so low and when the Fed’s interest rate hikes will kick in How employment is calculated and why qualified workers are so hard to find “Labor hoarding” and the real reason big tech is so easily laying off workers Unemployment rate predictions and whether it’ll be like the last recession Entering a new era of the economy and why higher inflation, interest rates, and employment could be in our future US immigration and how restricting foreign worker flow has caused a “tight” labor market 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 How the Unemployment Rate Affects Us All (Yes, Even the Employed) Connect with Joe: Joe's Articles Joe's Email Joe's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-88 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Both SVB (Silicon Valley Bank) and Signature Bank have crashed and burned dramatically over the past week. What once was a few large customers making withdrawals quickly turned into a bank run of epic proportions. Within just a few days, SVB went from one of the largest banks in the United States to one of the biggest bank failures in the nation’s history. But what led to such a fast-paced collapse, and are more banks on the chopping block? You don’t need to be an expert economist to understand what happened at SVB and Signature Bank this week. But you will want to hear Dave Meyer’s take on what could come next. With bailouts back on the table, many Americans fear we’re on the edge of a total financial collapse, mirroring what unfolded in 2008. With more and more Americans going on cash grabs, trying to keep their wealth safe from the “domino effect” of bank failures, what should everyday investors prepare for? More specifically, for our beloved real estate investors, how could SVB’s failure affect the housing market? Will the Federal Reserve finally be forced to end its aggressive rate hikes? Could money flood into real estate as hard assets become more attractive? Stick around as Dave explains this week’s wild events and what it could mean for the future of the US economy. In This Episode We Cover SVB’s (Silicon Valley Bank) collapse explained and why it failed so fast The bank run “domino effect” that could put other intuitions at risk Why a “bailout” happened so quickly, and whether customer funds were secured Bond yields and why making long-term investments was a risky bet for SVB The future of mortgage rates and how SVB’s failure could lead to fewer rate hikes The psychology behind a bank failure and how it affects the entire 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 How Did A $200B+ Bank Collapse In 48 Hours? Is Real Estate Going To Be Impacted? Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-87 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market is stuck in a standoff. On one side, you have buyers, repeatedly beaten with high home prices, higher mortgage rates, and almost non-existent affordability. On the other, you have the sellers, who are sitting on low-interest-rate mortgages, unwilling to take a price lower than they want, waiting for rates to come back down, so the bidding wars begin all over again. This standoff has caused the housing market to come to a halt, with inventory at unbelievably low levels and no one willing to buy or sell. But weren’t we supposed to be past this? When rates dropped earlier this year, the housing market looked like it was on a fast track to a real estate revival. But now, homebuyers, sellers, and investors don’t know where to turn. And that’s precisely why we brought on HousingWire Lead Analyst Logan Mohtashami, the one person who knows the real estate market better than the rest. Last time we had Logan on, he debunked the claim of a 2008-style housing crash repeat, and now, he’s on to forecast when the housing market could finally reach a healthy point again. Logan knows why homeowners aren’t selling, why buyers aren’t bidding, and when mortgage rates will come back down. With some simple stats and data, Logan lays out almost exactly what would have to happen for us to enter a normal housing market and gives a rough timeline of when we can expect these changes to take place. And if you’re still on the “it’s gonna crash!” bandwagon, we’d suggest sticking around for Logan’s full explanation, as it may completely reverse what you thought was conceivable. In This Episode We Cover Mortgage rate forecasts and what has to “break” for rates to come back down Foreclosures, distressed sellers, and why there isn’t more inventory on the market Homebuyers vs. sellers and why neither of these two will make moves until the other does 2008 vs. 2023 and why a Great Recession repeat is a lot less likely than you think What could cause affordability to rise and help homebuyers get into properties Rent growth declines and why rents are starting to stall even as homebuying becomes challenging The commercial real estate “crash” and which sector is most primed for price cuts 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 On the Market 14 with Logan Connect with Logan: Logan Website Housing Market Tracker Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-86 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

This housing market is a tough nut to crack. One week, rates are coming back down, buyers are gearing up to re-enter the real estate market, and investors are feeling optimistic. Then, the following week, inflation spikes, mortgage rates jump, and affordability plummets back down to a depressing level. Because of this topsy-turvy economy we find ourselves in, we get a slew of questions on almost every episode asking us to predict what will happen next. And today, the entire On the Market panel has flown out to Denver to get this live debate going. That’s right. Dave Meyer is joined by Henry Washington, James Dainard, Jamil Damji, and Kathy Fettke to pop some bottles, rock some chains (thank you, James), and give you up-to-date info on the housing market. We’ve taken a few of our favorite questions from the comment section and got the panel’s opinions on some of today’s most pressing topics. First, we’ll talk about why new homes are cheaper than existing homes in many markets and whether or not this is a red flag for the housing market. Then, we enter lender territory and discuss which markets are seeing new down payment requirements and which allow you to still score deals at ten to fifteen percent down. We’ll also revisit the commercial real estate crash and what could happen once these massive balloon payments come due. But don’t worry, there’s still some optimism afoot, as a couple of our expert guests predict a housing market boom could be coming in only a matter of months. So, don’t get caught in the rocky waves of this real estate market; tune in to get the scoop on everything happening on the market. In This Episode We Cover The incoming housing market “boom” that could start another buying frenzy New construction vs. existing homes and which is a safer bet as a new investor Down payment requirements and why so many lenders are asking for more The commercial real estate crash and how it could create insane deals for investors with cash on hand The state of the economy and why there’s so much contradictory data pointing in different directions Why you should always buy two plane tickets when planning your next trip 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 Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Attend a BiggerPockets Meetup Grab Dave’s “2023 State of Real Estate Investing Report” On the Market Podcast 65 with Ben Miller (Deleveraging) On the Market Podcast 71 with Brian Burke (Multifamily BOMB) Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-85 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 recession is off to a strange start. Homebuyer activity has rallied, consumer spending is up, and unemployment is low. Is a recession really on the way, and if so, has anyone told the Fed what's happening in today’s economy? With a good chunk of economists still betting on a recession in 2023, who’s right and who’s wrong? And if there isn’t a recession incoming, can real estate investors take advantage of this artificial instability to get even better deals done? We’re back with our panel of experts, Henry Washington, Jamil Damji, and Kathy Fettke, to get their take on whether or not this period of economic uncertainty is over. Back in 2022, with mortgage rates picking up, inflation hitting decade-long highs, and the housing market starting to stutter, most Americans were right to believe that we were on the cusp of a recession. And real estate investors were doing deals left and right, trying to get as many homes under contract for the lowest price. And only a few months later, things have started to change, but investors are still getting incredible deals done, and if you tune into this episode, you can too! We talk about how this “white-collar recession” is causing more profit than panic for investors and why many Americans don’t “feel” we’re in an economic downturn. Our expert guests even give their best predictions on what could happen this year and into the next. So if you want to take home some SERIOUS profits like our guests did in the last crash, listen up! In This Episode We Cover A 2022 economic recap and why Americans didn’t react as they did during the last recession Testing today’s recession sentiment using the “underwear” theory Whether or not we’re in a recession and why real estate is always “first in, first out” The 2023 economy, housing market predictions, and why recession indicators don’t always work How to invest in 2023 and what our expert guests are doing to build wealth while markets are down Passive investing and why Dave’s private money lending bet could pay off as mortgage rates rise 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 Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Attend a BiggerPockets Meetup Why This Recession is a HUGE Opportunity for Investors Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-84 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 economy doesn’t fit what the forecasters were predicting. Inflation was up, but now it’s coming back down, interest rates keep rising, but homebuyer demand is coming back? As if there wasn’t enough contradictory data, employment is holding steady while we should be in a recession. What’s really happening behind the scenes, and how can you use economic headwinds to build wealth faster while everyone else braces for an impact that may never come? We’re back with Fundrise CEO Ben Miller to discuss the three economic scenarios EVERY investor should plan for in 2023. Ben has learned something new about the economy (and himself) during every past crash. In the 90s, when real estate took a hit, young Ben was too carefree to be concerned. Then, when 2008 came around, Ben was left with scars from the market crash carnage. Now, after the 2020 flash crash and into a potential 2023 market crash, Ben knows better and is making bets that’ll make him, his company, and his investors very wealthy. Ben thinks it’s a mistake that most investors simply put one scenario forward when investing. He tells tales of some of the greatest investors using basic scenario planning to make a killing during any economy. In this episode, he’ll run through exactly how you can do this and why thinking in bets may be one of the best moves you can ever make. So, even if a housing market crash does come, you’ll be prepared not just to survive but thrive. In This Episode We Cover Why we aren’t in a recession yet and the contradictory crash indicators Scenario planning 101 and the three types of outcomes EVERY investor should plan for Thinking in bets and why a “black swan event” is much closer than most people think What could lead to an economic recession and why it’s getting impossible to predict one The best asset classes to invest in during 2023 and why institutional investors are taking big bets on debt Why base hit real estate deals will make you rich, but home run potential should always be taken advantage of 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 Attend a BiggerPockets Meetup On the Market 33 with Ben on Build-to-Rent On the Market 65 with Ben on Deleveraging On the Market 76 with NFL Panel Books Mentioned in the Show The Psychology of Money by Morgan Housel The Art of the Long View by Peter Schwartz Antifragile by Nassim Nicholas Nicholas Taleb 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-83 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 crash may be over already. With mortgage rates steadily dropping, buyer demand picking up, and competition creeping back in, this housing correction could have been one of the fastest and least severe downturns we’ve ever witnessed. Top forecasters have hinted at the housing market bottoming out, with some claiming that the “thawing” has already begun—but the data may point to something different. While there are signs of improvement compared to where we stood just a few months ago, some glaringly obvious data points could make this a much closer call than mainstream forecasters think. Dave Meyer, your sandwich-eating, data-delving host, wanted to know precisely what would cause the housing market to hit its floor. He looks at both the demand and supply side of the housing market, touching on the variables that genuinely make a difference. We’re talking about mortgage rates, housing affordability, loan applications, housing supply, active listings, and more. But you don’t need a degree in Data Science to understand what’s happening behind the scenes. Dave will explain exactly what is (and isn’t) impacting the housing market, what changes led to the state we’re in, and four scenarios that could play out in 2023 that might put a nail in this theory’s coffin. Betting on the housing market bottoming out? We’d suggest hearing the full story before you make your next investment. In This Episode We Cover Why top housing market forecasters believe that the housing market has found its bottom Mortgage rate updates and why interest rates are falling while the Fed introduces more rate hikes Housing affordability and why we may be moving away from the record-breaking unaffordability of late 2022 Mortgage applications and why homebuyers have decided to come back in 2023 Housing inventory and why more listings and longer days on market could suggest we aren’t through a correction just yet The four scenarios that could play out in 2023 (and which is the MOST likely) 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 Altos Research Goldman Sachs Mortgage Bankers Association WSJ Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-82 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 entered into a new era never measured before. As of a recent update from Moody’s Analytics, the rent-to-income ratio across the US has reached an average of 30%. And while this may not seem like a big deal to casual investors, it has wide-reaching implications that could cause the housing market to move in different directions. This is the first time a rent-to-income ratio has hit this high percentage point, which could spell bad news for landlords. Lu Chen and Thomas LaSalvia from Moody’s Commercial Real Estate division are joining us to explain the entire story behind the data. They have been closely monitoring the steadily rising rent prices for decades. With pandemic-fueled migration, Lu and Thomas both believe that we’re living in one of the most troubling times for renters. But how did this come to be? With massive housing development across the nation, what’s causing rents to remain so high? The answer isn’t what you might expect. Lu and Thomas have seen developers shift focus to certain housing types, leaving much of the middle class in a rent squeeze. This “missing middle” could explain why so many families are paying a solid portion of their income to rent every month. But with reasonably priced rentals becoming a hot commodity, what can landlords do to ease the burden and open up more housing for those who need it most? And where will rent head next after it’s broken through this previously unshatterable ceiling? Tune in and find out! In This Episode We Cover Housing affordability and why America just crossed into “rent-burdened” territory The “ecosystem effect” and how pricier developments hurt the middle class Housing demand and why work-from-home hotspots put strain on the system Housing markets where rent is declining and the rent-to-income ratio is weakening Where Americans are moving to and why some millennials are staying away from the suburbs Real estate development and which housing types are getting built Comparing today’s rent crisis to 2008 and why a housing correction doesn’t always equal a rent crash 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 Moody's CRE Website Key Takeaways from 4th Quarter Connect with Lu and Thomas: Lu's Email Thomas' Email Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-81 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

Coliving has often been thought of as solely student housing. When you mention this strategy to investors, they think of house parties, dirty dishes, constant complaints, and a whole lot of maintenance. But ask Jay Chang from Tripalink, and he’s got a different story to tell. Jay works to develop the best coliving communities in the United States, securing a lower-rent option for his tenants and a high cash flow investment for his investors. He’s seen how coliving projects are built, managed, and maintained, and he may completely change your mind on this concept. For expensive areas like Los Angeles, New York, and Seattle, finding an affordable place to live as a student or entry-level worker is near impossible. Your options? Spend the majority of your salary on a studio apartment, live with your friends who haven’t vacuumed in three years, or move into a coliving apartment. The latter offers upscale amenities, daily or weekly cleaning, private rooms, and a high cash flow solution for landlords in pricey markets. Still have your doubts? Jay touches on the untrue myths associated with coliving, why vacancy is near-zero, property management and maintenance, and why this investing niche could be close to exploding as the economy takes a tumble. This strategy could take your real estate portfolio to the next level if you’re in an expensive market, college town, or densely-populated area. In This Episode We Cover A quick housing market update and why buyers are jumping back in Coliving explained and why young professionals and students need a new option for housing The stigmas associated with coliving and why almost all of them are untrue The luxury amenities that coliving offers and how it keeps vacancy at rock-bottom rates Property management when coliving and how to deal with tenant issues Converting your single-family home into coliving and the cost you can expect House hacking and how to start coliving on a smaller scale Where to invest in coliving and how to get in before this industry takes off 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 Co-Living Could Become The Future Of Real Estate Double Your Rental Income with Co-Living Cash Flow Build a Six-Figure Student Housing Portfolio in Just Eight Steps Read Jay’s Articles on BiggerPockets Connect with Jay: Jay's BiggerPockets Profile Jay's LinkedIn Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-80 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

Your real estate investment’s returns could be ruined by a few hidden costs that you don’t know about. For the rookie real estate investor, it seems like every investment has the same type of expenses; mortgage, taxes, insurance, repairs, and property management. And while these surface-level expenses are almost always present in a real estate deal, NUMEROUS extra expenses could sink your ship if you don’t include them in your deal analysis. So, stick around, or you might get burnt on your next real estate deal! To walk us through the different types of deals and the expenses that come with them, we’ve got Henry Washington, James Dainard, and Kathy Fettke on the show. Henry, a buy and hold investor, knows that the “cash flow” new investors are calculating is far from reality. He highlights the exact expenses it takes to run a rental property portfolio and why those counting on self-management could be making a MASSIVE mistake. Next, James talks about the often over-glamorized world of flipping houses and the massive haircut investors take when they don’t account for closing, construction, and tricky lending fees. Finally, for our passive investor, Kathy goes into the world of real estate syndications, defining the numerous fees many “mailbox money” investors overlook. In fact, investors in these passive deals often don’t know when (or how) they’re getting paid. You DO NOT want to make this mistake! Stick around to hear it all, so you don’t make these beginner blunders next time you get a deal done! In This Episode We Cover The “hidden” fix and flip, buy and hold, and real estate syndication costs Lending fees, penalties, and the BIG cost of borrowing money Seller concessions and what to expect in a buyer's market like 2023 Raising rent and why not doing so could be a huge mistake when building a portfolio Self-management vs. third-party property management and why you ALWAYS need to factor in a fee Real estate syndication payments explained and why so many investors get it wrong The “4-4-4” housing market prediction and whether it could really come true 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's BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profle Kathy's Insatgram Books Mentioned in the Show The Book on Estimating Rehab Costs by J Scott The Book on Managing Rental Properties by Brandon and Heather Turner The Hands-Off Investor by Brian Burke Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-79 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 multifamily crash is well underway! But is now the time to buy? If only you could see where top investors are parking their cash during this wild house market. Well, today, you can! We’re back with another Deal Breakdown, where Henry Washington, James Dainard, and Kathy Fettke break down the deals they’re doing in February of 2023. And while the news may be highlighting a “doom and gloom” type of real estate market, we know from first-hand experience that there is still money to be made in today’s housing market! Kathy is back in her love-hate relationship with new builds as she makes a SERIOUS investment in the beautiful ski town of Park City, Utah. The view alone at this property was enough to sell her on the high price. Next, Henry shares his “base hit” off-market real estate deal with a slew of exit strategies that’ll make him money, no matter what. Lastly, James is going hard on the multifamily housing crash, tackling a multi-million dollar deal that could have an eight-figure sales price once he’s done with it! Want to hear how these top investors are finding, funding, and profiting from their real estate deals in 2023? Stick around! And, if you haven’t been to the grocery store, gas pump, or lumber yard in a while, we play a post-inflation pricing game to see how high-priced everyday commodities have gotten. We won’t give away the answers, but we can definitely say that omitting omelets from your diet could save you some serious cash! In This Episode We Cover Inflation’s effect on everyday commodities and how high prices have gotten Investing in new construction and the massive financial upside to buying the right property Why you should search for “base hit” deals that give you MULTIPLE options to exit profitably Wholetailing vs. wholesaling and when to use each of these off-market strategies Price over profit and why buying a great deal should be your top concern when investing Capitalizing on the multifamily crash and how cap rates are helping buyers scoop up apartments at a steep discount 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's BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profle Kathy's Insatgram The Multifamily “Bomb” is About to Blow, Here’s What You Need to Know Learn More About Inflation with Trading Economics Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-78 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

Mortgage rates were about the only thing stopping the almost unbelievable home price run-up of 2020 through 2022. With higher mortgage rates, homebuyers were forced to bid on smaller houses or stick to renting while waiting for the good old days of 3% rates to return. But it doesn’t look like we’ll be heading back to sub-4% rates anytime soon, and homebuyers are starting to take the hint. So as mortgage demand begins to rebound, could we be closing in on another boom in the housing market? We’re back with another correspondents show as we touch on the latest housing market news from around the nation. First, we talk about how tech markets and unaffordable housing have taken a tumble while affordable markets kept afloat even during steep price drops. Next, we challenge a 2008-like crash prediction and explain why institutional investors are suddenly sending in rock-bottom bids in growing housing markets. Then, we hit on the revival of homebuyers, as mortgage applications shoot up and how we could dodge a recession with our slowing but growing economic climate. We’ll also play a game of “Hot or Not,” where we touch on which real estate investing strategies are worth trying in 2023. From buy and hold real estate to risky flipping, the fall of short-term rentals, and more, our expert guests will tell you EXACTLY which tactics they’re using in 2023 and which ones to avoid at all costs! So stick around for the housing market news you NEED to hear to build wealth in 2023! In This Episode We Cover The best (and most risky) real estate investing strategies of 2023 Why “affordable” markets are staying rock-solid even during the housing correction The new housing market crash prediction and which big cities could get hit the hardest A boost in homebuyer demand and why the mortgage rate “sticker shock” has finally worn off The 2023 recession and whether or not it's even possible as the US economy still sees solid growth Institutional investors are why they’re coming back with lowball offers in growing cities How deflated prices could lead to “equity pops” for savvy investors willing to invest in struggling markets 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's BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profle Kathy's Insatgram The Bifurcated Housing Market Correction Goldman Sachs 2008 Crash Prediction Households Priced Out JP Morgan 2023 Market Outlook Mortgage Demand Soars 28% Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-77 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

Who’s buying real estate? Maybe you are, maybe your friend is, but what about NFL players? Most casual fans would assume that getting paid millions of dollars a year would ensure a long-lasting retirement, but this isn’t always true. For many professional athletes, you’re constantly living one injury away from having no income. If, like many newly-signed pros, you splurge your first few years of checks, you could enter into retirement flat broke without any of the millions you earned. This is the exact opposite of what Cliff Avril and Devon Kennard did. They knew that their career earnings started ticking away the second they stepped onto the field, so they made moves to protect their wealth in other ways. Although numerous financial advisors told them to play it safe with index funds, REITs (real estate investment trusts), or other more “passive” investments, they decided to multiply their active income by investing heavily in real estate. And, even during an economic downturn, these two financial powerhouses are still investing, trying to maximize their dollar as much as possible. In this episode, we chat with Cliff and Devon about syndications they’ve invested in, how they’re staying up-to-date in today’s wild housing market, where they’re investing, and why they picked real estate over all the other assets. You don’t need to be a pro football player to take these lessons to heart, so stick around because this episode is bound to make you wealthier! In This Episode We Cover Why so many professional sports players choose real estate as their chosen investment Real estate vs. stocks, index funds, REITs, and other more “passive” investments Real estate syndications and how to vet the operator who’s running the deal Investing during a recession and how Cliff and Devon are reacting to this changing market The “core four” every real estate investor needs in a property market Normalizing the investment conversation and making sure your circle is building wealth together The similarities between running a play and buying a rental property 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 Connect with Devon & Cliff: Cliff's TikTok Cliff's Instagram Devon's BiggerPockets Profile Devon’s Book Devon's Instagram Devon's Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-76 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 US debt ceiling has been hit; what happens next could send ripples through the economy. But is now the time to panic? Or is there still time to solve this situation? With the US economy relying so heavily on borrowing, the prospect of being unable to pay back its debts could come with a series of “catastrophic” consequences. Higher mortgage rates, a market crash, and an even harsher recession could be on the horizon. But what’s the likelihood of this happening? And are we really on the cusp of a debt debacle? We brought on Sarah Ewall-Wice, Washington D.C.-based reporter, to help explain what is happening with the US debt limit. Sarah knows that many Americans are used to these types of debt ceiling congressional debates, but most people don’t know the impact these could have on their wealth, investments, and society as a whole. With COVID spending forcing the government to pay for even more, the debt ceiling has reached an almost unimaginable $31 trillion. Sarah describes what would happen if the US defaulted on its debt, the programs that would be impacted the most, what republicans and democrats both want in their upcoming debates, and what everyday Americans can expect to happen over the coming months. Dave and Sarah also discuss the “trillion dollar coin” method, which could end the US’s debt quite quickly, while simultaneously acting as the most comical government bailout plan to date! In This Episode We Cover The US debt ceiling explained and why the government could raise the limit yet again COVID’s effect on government debt and how spending was ramped up during 2020 The “extraordinary measures” that the treasury is putting in place to keep the government afloat What happens if the US defaults on its debt and the severe consequences for investors Which social programs will be hit the hardest if a default happens Market crashes, mortgage rate increases, and other effects we could be in for The “trillion dollar coin” method and whether money-printing is the answer What republicans and democrats really want and why they’re fighting for it 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 The 2023 State of Real Estate Investing Report Connect with Sarah: Sarah's Twitter Sarah's Instagram CBS News Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-75 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

With assumable mortgages, you can snag a three percent interest rate even in 2023’s high-interest environment. These loans exist everywhere around you—you could be sitting on an assumable loan without even knowing it! So, if there’s a way to pick up properties at all-time low-interest rates, why isn’t everyone taking advantage of assumable mortgages? We brought Craig O’Boyle from Assumption Solutions on to the show to explain. Assumable mortgages aren’t new, but most real estate agents, loan brokers, and homebuyers have no idea what they are. In practice, an assumable mortgage allows a homebuyer to “assume” a seller’s loan with the same interest rate, contingencies, and principal paydown as the seller. This means you can walk into a home with significant equity, a low-interest rate, and the same fix-rated loan you’d be picking up from a bank. But, if you want an assumable mortgage, you’ll need to know where to find one. Craig walks us through the ins and outs of assumable mortgages, where investors can find one, why most mortgage lenders and brokers don’t know about them, and one BIG caveat you’ll need to hear before you chase down this better financing. Want a lower rate and monthly payment with higher cash flow? Stick around; we’ll give you everything you need to know to find a low-interest assumable loan in your area! In This Episode We Cover Assumable mortgages explained and why a bank would allow a buyer to assume a loan Assumable loans vs. subject to and how one strategy is far riskier than the other Fees you can expect to pay when purchasing a property with an assumable mortgage House hacking and using assumable loans to profit off your primary residence The three types of loans that can be assumable (and others that WON’T work) The “assumption gap” and money you’ll need at closing to get the deal done 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 Jamil's YouTube Subject To Real Estate Explained Connect with Craig: Craig's Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-74 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 new housing market is here, and with it comes a whole new set of real estate investing rules. Now, appreciation isn’t a given, flipping can flop, and good multifamily deals are one in a dozen instead of one in a million. This type of market can be dangerous for new real estate investors, but it can also be a massive opportunity for those who want to play the game the right way. So, please don’t ask the newly-rich gurus what their advice would be; turn to the decade-long players who have survived crashes, come back stronger, and know which deals are worth getting done. In this episode, we’ll go through the “2023 State of Real Estate Investing Report,” written by your data and sandwich savant, Dave Meyer. This report presents a window into what could happen in 2023, where the housing market stands now, and how investors can react to build real estate riches. Henry Washington, Jamil Damji, and Kathy Fettke give their own housing market predictions for the next year and prove cash is king, why on-market deals are the way to go, and how investing in “hybrid cities” can make you both equity and cash flow rich. The On the Market team will also give their thoughts on the potential commercial real estate crash that could happen in 2023. This type of movement in real estate affects all investors. Knowing about it beforehand can help you not only make money on killer deals but also help you avoid buying a property that may nosedive in value after buyers exit the market. So if you want the best data on real estate investing for 2023, this is the place to be! In This Episode We Cover The “new housing market” that’s forming and how investors can take advantage Why cash is king and how low competition and high rates can help you buy rental property steals Why “buying deep” combined with seller financing can make you a killing in 2023 Whether house flips will flop in 2023 and how inexperienced investors could get burnt The “hybrid cities” that offer investors cash flow AND appreciation in one place Commercial real estate and the multifamily price crash that could be on the table 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 Henry's BiggerPockets Profile Henry's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram The 2023 State of Real Estate Investing Report On The Market Podcast 65 with Ben Miller (Liquidity) On The Market Podcast 71 with Brian Burke (Multifamily Crash) BiggerPockets Real Estate Podcast 721 with Scott Trench (BiggerPockets CEO) Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-73 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

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