Episodit
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If you didn’t buy real estate in 2024, you missed out. While all the YouTube crash bros and mainstream media were hyping up how overpriced the real estate market is, we were out buying deals—and we bet many of you were, too! So, as we wind down 2024, we’re looking back on the best real estate deals we did this year and how 2024 turned out to be a much more profitable investing year than any of us would have expected.
For some of us, 2024 was our best year yet for real estate investing! One of us made half a million dollars (yes, $500,000+) on a single real estate transaction. We picked up on-market deals for fifty percent off (while the competition completely overlooked them) and sold house flips for higher-than-asking-price as buyers returned to the market.
We’re sharing our actual profit numbers, exactly how much we bought (and sold) some of these properties for, and the tactics we used to beat the masses. If you didn’t invest in 2024, don’t miss out again in 2025—there are still plenty of great opportunities waiting!
In This Episode We Cover
Why 2024 was a surprisingly good year for real estate investing (we’re proof!)
The “goldmine” property that resulted in a $500,000+ profit
The trick Henry used to get WAY more bidders on his house flip and sell for over-asking price
Why Dave makes offers on houses during the holiday season to get HUGE discounts
The tax “loophole” (if you want to call it that) that Kathy used to get a $100,000 write-off!
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
BiggerPockets Daily 1135 - 30 Ways Find Good Real Estate Deals In 2024
Learn to Flip Just Like James With His New Book, “The House Flipping Framework”
Jump to topic:
(00:00) Intro
(02:10) $70K Profit Home Run Flip
(11:52) Saving $100K in Taxes!
(17:36) Grandma’s GOLDMINE (Unbelievable!)
(25:03) 50% Discounted On-Market Deal
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-279
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Ever seen those YouTube videos titled “A housing crash is coming THIS year!” or “Prices are falling 50% in *insert state*”? If so, you’re not alone. There’s so much housing market clickbait being thrown at you daily that it’s hard to distinguish the actual data from the “expert takes” only done for clicks. So today, we’re breaking down some of the most hyped housing market takes from YouTube, examining the data they’re using, and giving our thoughts.
To join us is Jeb Smith, a real estate broker associate with over 18 years of experience and a fellow YouTuber who’s just as tired as we are of the constant “crash bros” populating your YouTube homepage.
Together, Dave and Jeb are breaking down a couple of recent videos, one talking about the “50% price cuts in California” and a “major housing crash,” as well as one video anticipating that “all hell breaks loose” come this December (wait, isn’t it December already?)
Together, our goal is to ensure you never get fooled by easily manipulated data so you can make the best investing decisions.
In This Episode We Cover
The “major housing crash” coming to California and whether there’s truth in this
Why one real estate media channel thinks all hell will break loose soon
Demystifying the data behind the real estate “crash bros” on YouTube
Whether Jeb believes home prices will rise (or fall) in the coming year
Housing market data that WE trust to make our real estate predictions, forecasts, and investing decisions
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
On The Market 128 - The Worst Real Estate Investing Advice
Grab Dave’s Book, “Real Estate by the Numbers”
Connect with Jeb:
Jeb's BiggerPockets Profile
Jeb's YouTube
Jump to topic:
(00:00) Intro
(01:08) “Major California Housing Crash!”
(12:58) The Truth About California
(20:19) “All Hell Breaks Loose!”
(30:27) Don’t Get Fooled by This
(33:54) Debunking the Clickbait
(39:11) Connect with Jeb!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-278
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Disclaimer: Opinions expressed in this episode and written below are solely opinions of the hosts, guests, and writers and do not reflect the views of BiggerPockets.
Is it about to get even worse for NAR (National Association of Realtors)? After a ground-breaking agent commission lawsuit settlement forced the organization to pay out hundreds of millions, NAR has been on thin ice. They had just come off of a massive change in leadership, with some executives facing sexual harassment accusations, only to have the spotlight put on them once again. But it’s not over.
A new investigative piece from The New York Times reporter Debra Kamin uncovers a web of hidden donations to political groups that many NAR members aren’t aware of. NAR, the largest lobbyist group in the country, is well-known for donating to political causes that benefit their industry. However, it seems those donations heavily lean to one side of the political spectrum.
So, is this a problem? Could it even be illegal? Debra reveals that many of these donations go to groups unrelated to real estate, leaving some members frustrated with how their dues are being spent. Could this be the final blow to NAR, paving the way for more competition among real estate agent organizations? Debra is on to break the story.
In This Episode We Cover
The new investigation on where NAR “donations” and member dues are going
NAR’s recent turmoil with massive lawsuits, sexual harassment accusations, and more
What do realtors think of their dues being spent on fringe political causes?
The future of NAR and whether they’ll recover from their recent internal challenges
A new DOJ (department of justice) investigation into NAR and whether members will leave
And So Much More!
Links from the Show
Read the Full Article
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
On the Market 197 - NAR Finally Faces Competition: Is the Agent “Monopoly” Over? w/Jason Haber and Mauricio Umansky
On the Market 201 - Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever w/The New York Times’ Debra Kamin
Grab the Book “SOLD: Every Real Estate Agent’s Guide”
Jump to topic:
00:00 Intro
01:30 NAR Turmoil
03:46 The Largest Lobbyist Group
08:53 Quietly Funding Political Causes
14:17 Is This Illegal?
17:29 What Realtors Think
20:40 The Future of NAR
26:58 Read the Full Story
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-277
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“Return to office” mandates from the tech and finance industries are coming rapidly. But they’re not just going back to the downtown areas. Return to office (RTO) calls could cause a surprisingly beneficial boost to suburban areas, even as employees are forced back into the office. This has enormous effects on landlords and real estate investors, as the hottest place to own a home might actually be somewhere outside of the city center.
Matt Reidy, Director of CRE Economics at Moody’s Analytics, joined us to give a full update. Matt talks about the potential office comeback that could be taking place and the one type of office investment that is outperforming the rest. However, office vacancies are still at an all-time high, and companies are starting to get creative. Could a move into the suburbs help entice employees by keeping commute times minimal?
This could be great news for residential investors outside the cities, as “live, work, play” environments could become a hot commodity.
In This Episode We Cover
Why more companies are looking for suburban offices to win back employees
The revival of downtowns and why they’re growing, even with high office vacancy
One type of office investment that’s outperforming the competition significantly
Rent price growth predictions for 2025 and 2026
Whether office work is here to stay or the “hybrid” model will become the new norm
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
Good News For Investors—Commercial Real Estate is Finally Catching a Break
Read More from Matt
Grab Dave’s New Book, “Start with Strategy”
Jump to topic:
(00:00) Intro
(01:30) The Return to Office
(03:20) An Office Comeback?
(07:12) Offices Move to Suburbs
(11:02) Are Downtowns Declining?
(17:37) Suburban Demand Grows
(21:33) Good News for Investors
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-276
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Are we in store for another agent commission lawsuit battle? Why are home sales spiking right after the election? And guess what…it’s not investors buying up all the houses this time. We’re getting into the biggest housing market news in today’s headlines episode! Plus, we’re sharing exactly what you need to do TODAY to still get real estate deals done, even with high interest rates and higher home prices.
Home tours are surging after the election as potential homebuyers breathe a sigh of relief knowing that 24/7 election coverage has finally ceased. But it’s not the investors who are coming back to buy the houses. Investor purchase numbers are falling, so why are landlords sitting on the sidelines this time?
And say it ain’t so…another real estate agent commission lawsuit could be on the way as the Department of Justice finds faults in the NAR settlement. What does this mean for agents, brokers, and realtors? Will an easily browsable listing site like Zillow take over in place of real-life realtors? Some worry a Zillow “monopoly” could be forming. We’re sharing what we think in this episode.
In This Episode We Cover
Why home sales are starting to jump after the 2024 presidential election results
The future of agent commissions and whether they could be regulated even more
The Zillow “monopoly” that some worry will overtake the NAR (National Association of Realtors)
What’s causing investor purchases to shrink since the pandemic?
Where James and Kathy see investing opportunity in the 2025 housing market
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE ?
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
On The Market Podcast 201 - NAR Settles for $418M, Buying and Selling Homes Could Change Forever
Pending Home Sales Rise After Post-Election Surge in Home Tours
The battle against 6% broker fees isn’t over after a surprise 11th hour court filing
Zillow’s Takeover of the Real Estate Industry: The Path to Monopoly
Investor Home Purchases Plateau After a Pandemic-Era Rollercoaster Ride
Grab Dave’s Newest Book, “Start with Strategy”
Jump to topic:
(00:00) Intro
(00:58) Post-Election Home Sales JUMP
(09:56) Another Agent Commission Lawsuit?
(18:07) The Zillow “Monopoly”
(21:44) Investor Sales Shrink
(34:10) Stick Around for This!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-275
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It’s the season for housing market predictions, and we know who to call! Altos Research and HousingWire’s Mike Simonsen joins the show to share where his team thinks mortgage rates, home prices, housing inventory, and buyer demand will be in 2025. Every year, the HousingWire team puts together a phenomenal housing market forecast, touching on the topics investors, agents, lenders, and housing nerds care about while recapping the wildest surprises of the year prior.
Will mortgage rates finally fall below six percent in 2025? Will home prices dip with housing inventory up a substantial percentage year-over-year? And could agents and lenders finally get some relief with home sales, or will we still see sluggish purchasing and buyer activity? Not to spoil it, but Mike is optimistic about the 2025 housing market and what will come over the next twelve months.
Mike breaks down each prediction and what could affect YOU the most, whether you’re buying or selling homes. Plus, he shares the one metric his team is watching carefully to see which direction the 2025 housing market is headed.
In This Episode We Cover
HousingWire’s 2025 housing market forecast and 2024 housing market recap
The mortgage rate range you can expect over the next twelve months
Home price growth and exactly how much the HousingWire team expects in 2025
Why housing inventory is starting to climb again (and whether it will continue in 2025)
One metric Mike and his team are paying very close attention to in 2025
The market’s reaction to the 2024 election and President-Elect Trump’s win
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
Dave's BiggerPockets Profile
On The Market Podcast 269 - 2025 Housing Market Predictions (+ How’d We Do Last Time?)
Altos Research
HousingWire’s 2025 Housing Market Forecast
Get Ready to Invest in 2025 with Dave’s Book, “Start with Strategy”
Jump to topic:
(00:00) Intro
(01:05) Biggest Surprise of 2024
(03:17) Housing Inventory Up 27%!
(08:42) American Migration Freezes
(12:57) 2025 Mortgage Rates
(16:46) More Homes on the Market?
(18:20) Post-Election Housing Market Changes
(27:08) Home Price Forecast
(27:49) One Thing to WATCH
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-274
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Discounted real estate deals could be coming THIS winter as the housing market begins to “thaw.” Today, Dave is flying solo, bringing you a housing market update on all the crucial factors real estate investors are looking at—home prices, mortgage rates, housing supply, and rent prices. Even with home sales falling by a massive margin, home prices are still at all-time highs, and the housing market is “stuck,” but we could see some sellers taking price cuts this winter if you’re willing to take advantage.
Okay, but how can home prices still be THIS high when the total home sales are twenty percent lower than average and around fifty percent under the recent highs? It’s simple—affordability struggles. High rates, high prices, and “locked-in” homeowners staying in place keep the market frozen. So, why does Dave believe sellers will be more inclined to drop their prices this winter? Where does he believe interest rates will be by the end of the year? And what’s the one thing that could get the housing market “unstuck”?
In This Episode We Cover
Why Dave believes real estate deals are coming THIS winter
Mortgage rate predictions and how low rates could go by the end of this year
Whether to buy now or wait for affordability to improve, prices to drop, and rates to fall
Why home prices are still rising EVEN with homebuyer demand plummeting
The MASSIVE drop in home sales since the pandemic boom and why prices have remained high
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Shop the BiggerPockets Bookstore Black Friday SALE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
On The Market Podcast 255 - The Fed Finally Cuts Rates, but Will It Even Matter?
Nearly A Quarter of Prospective First-Time Homebuyers are Holding Off Until After the Election: Redfin Survey
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-273
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Did economic sentiment decide the 2024 presidential election? For many Americans, the economy was top of mind when deciding who to vote for in this past election. With inflationary worries, high home prices and mortgage rates, and general unaffordability, many Americans chose President-Elect Trump to turn the economy around. So, what does the housing market look like under Trump’s economy? And how will proposed changes (like tariffs) influence home prices?
Matthew Walsh from Moody’s Analytics is on to give us some context about consumer sentiment, future home prices and mortgage rates, and what tariffs mean for the average American. Matthew brings up a good point: Even with inflation steadily declining, most Americans are still experiencing sticker shock due to our constant comparison of pre-pandemic pricing. Even with the economy doing well, it’s easy to understand why Americans feel in a worse spot than five years ago.
So, with inflation cooling, will housing affordability catch up? A big part of affordability is mortgage rates, and with the Fed cutting rates, are we on the cusp of a return to (somewhat) normalcy? Matthew shares the shocking statistic on what mortgage rates would have to be for us to reach 2019 levels of affordability. Finally, we’re talking about tariffs and how higher prices for homebuilding could translate to your final home price.
In This Episode We Cover
Consumer sentiment and how American finances influenced the 2024 presidential election
How low mortgage rates would have to go for us to get back to 2019 affordability levels
What Trump’s tariff proposal means for homebuilders and home prices
Moody’s 2025 and 2026 home price appreciation forecast
Why mortgage rates aren’t falling even after the Fed lowered their federal funds rate
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
Dave's BiggerPockets Profile
Opinion: There Could Be Financial Risks Under a Trump Presidency—Here’s How to Hedge Against Them
Moody’s Analytics
Grab Dave’s New Book, “Start with Strategy”
Jump to topic:
(00:00) Intro
(01:18) Consumers Are Anxious
(04:02) The Inflation "Disconnect"
(11:50) Will Homes Ever Be Affordable Again?
(14:40) Home Prices Could Stagnate
(22:28) The Tariff Effect
(29:14) Still Undersupplied in 2025?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-272
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Has the Federal Reserve gone too far? Many Americans are critical of the Fed’s move to raise interest rates sharply, pause for years, and then slowly start implementing rate cuts. The arguably most prominent critic of the Fed? President-Elect Donald Trump, who, shortly after nominating the current Fed chair, Jerome Powell, reversed his opinion on whether Powell was the right person for the job.
Now, with Trump coming back to the White House, Powell’s job hangs in jeopardy—or does it? Can a President fire the Fed chair? Does the President have the authority to influence how the Fed operates? What would happen if Trump decided to go after Powell and request his resignation? Nick Timiraos, reporter at The Wall Street Journal and Federal Reserve expert, is on to answer these questions.
Nick gives us the latest update on rate cuts, where the Fed is headed, how the future of the Fed looks with Trump back in office, and why some politicians champion “Fed Independence,” while others argue that Fed power has overstepped its bounds. Are Trump and Powell more aligned than they think, and is this government drama all talk? We’re getting Nick’s expert viewpoint on it all.
In This Episode We Cover
Why “Fed Independence” could actually be a crucial piece to keeping the economy stable
Whether or not Trump has the authority to fire and replace a Fed chair
Future rate cuts, inflation concerns, and the Fed’s latest “signal” on rates
Powell’s simple response when asked if he would resign because of Trump’s request
Why the Fed does NOT have to answer to the President (and is this a good thing?)
Trump’s proposed tax and tariff policies and why they could challenge the Fed
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
Dave's BiggerPockets Profile
Trump May Consider Shaking Up the Federal Reserve If Elected—Here’s What That Could Look Like
Nick’s WSJ Articles
Grab Dave’s New Book, “Start with Strategy”
Jump to topic:
(00:00) Intro
(00:32) Latest Fed Meeting Update
(02:21) More Rate Cuts Coming?
(04:23) Can Trump Change the Fed?
(08:02) Is the Fed Above the Law?
(15:59) Can Trump Fire Powell?
(18:09) What Happens Next?
(24:02) Trump's Tricky Policies
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-271
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When you look at the “Hottest Real Estate Markets” lists from major publications, they often miss many crucial factors that truly make a market worth investing in. So, after getting tired of seeing the same cities repeatedly, we decided to make our own “Real Estate Hotspots” list, touching on the areas that are PRIMED for growth with plenty of appreciation and cash flow potential for landlords. We’re sharing all thirteen cities today!
Our two favorite market pickers, Kathy Fettke and Austin Wolff, are back on the show to share their opinions on these top markets. Austin has spent hours and hours compiling this list, looking at not just population growth but income growth, job growth, GDP per capita, and more leading indicators that point to great real estate investing markets.
Some of the top picks on this list truly surprised us, but the data points to these thirteen cities as some of the best places to buy in 2025. We’ll also talk about the overrated markets that may be past their prime and some nearby options that could make solid real estate investments for the long term!
In This Episode We Cover
The thirteen real estate investing “hotspots” for 2025 that investors should pay attention to
A very surprising top city that seems to keep on growing EVEN after some solid appreciation
The “satellite cities” that siphon off big city growth for a fraction of the cost
Cash flow hotspots that still boast affordable prices with solid rent-to-price ratios
The one Texas city that many investors forget about but is still growing fast (definitely not Austin)
Cities that DIDN’T make the list and are constantly overhyped by the media
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
Kathy's BiggerPockets Profile
Deal Finder
Market Finder
13 Real Estate Hot Spots You Won’t Want to Miss Next Year
Austin's BiggerPockets Profile
Analyze Real Estate Like the Pros with “Real Estate by the Numbers”
Jump to topic:
(00:00) Intro
(03:23) Real Estate “Hotspots”
(08:26) Phoenix, Arizona
(13:39) Colorado Springs, Colorado
(17:03) Cash Flow Hotspots
(22:05) Top 5 Cities
(24:07) Overrated Cities
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-270
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It’s what you’ve all been waiting for—our 2025 housing market predictions! We’re sharing where we think home prices, interest rates, and real estate will be over the next year. But we’re not just talking about 2025. We’re also going BACK and reviewing our 2024 housing market forecast, painfully detailing each part we got wrong and congratulating whoever got their predictions right. But how did top real estate companies like Zillow perform on their forecasts? Don’t worry; we’re rating their predictions as well!Last year, some of us thought home prices would decline year-over-year, while others were confident we’d still see rising prices. We also had surprisingly accurate mortgage rate predictions, so does that mean we could be right for 2025, too? Stick around to find out! Plus, we’re sharing where we think will become the country's best real estate investing markets and naming the cities we believe have the best potential for building wealth!In This Episode We CoverUpdated 2025 housing market predictions and where home prices and mortgage rates could goHow we (and Zillow!) did on our 2024 housing market forecast (plus what we got WRONG!)Real estate markets that have the most investment potential in 2025Why we’re all becoming bullish on lower mortgage rates, EVEN with persistent inflationDid we ever actually make it into recession territory in 2024?And So Much More!Links from the ShowJoin the Future of Real Estate Investing with FundriseJoin BiggerPockets for FREE Find Investor-Friendly LendersDave's BiggerPockets ProfileHenry's BiggerPockets ProfileJames' BiggerPockets ProfileKathy's BiggerPockets ProfileOn The Market Podcast 163 - 2024 Housing Market Predictions: Home Prices, Interest Rates, & OpportunitiesGrab James’ New Book “The House Flipping Framework”Jump to topic:(00:00) Intro(02:38) Zillow's 2024 Predictions(11:32) Home Prices (14:33) Recession Risk(16:23) Mortgage Rates(17:23) Best Markets to Invest(20:03) 2025 Home Price Predictions (23:48) 2025 Mortgage Rate PredictionsCheck out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-269Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected] more about your ad choices. Visit megaphone.fm/adchoices
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The American Dream was once an everyday reality for most Americans. Now, it’s seemingly impossible for even high-income-earning households to achieve. What went wrong, and is it still possible for financially savvy families to realize the American Dream? A new article dissecting the cost of the American Dream shows that the white picket fence, single-family home, and two new cars cost significantly more than you might think.
In this episode, we’re going over the eye-watering costs of the American Dream, the income you’ll need to achieve it, and why most Americans may never get there. But, as financially independent podcasters, we’re living proof that you don’t need everything this article describes to reach financial freedom. We’re sharing what you might want to give up to achieve your version of the American Dream.
From college costs to raising kids, buying cars, and purchasing a home, we’ll walk through the costliest factors of the American Dream—and some good news, as one big expense is actually getting cheaper.
In This Episode We Cover
The astronomical cost of achieving the American Dream in 2024
What you should give up if you want to reach financial freedom faster
The household income you have to make if you want to achieve the American Dream
Why so many Americans are struggling with rising costs but stagnating wages
One significant expense that’s getting surprisingly more affordable
The things we’ll never give up spending money on (even if it sets us back)
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
The American Dream Now Costs $4.4 Million
The American Dream Trap: Maneuvering Major Expenses in Your Financial Adventure
Reach Your American Dream Faster with “Set for Life”
Jump to topic:
(00:00) Intro
(01:20) The Cost of The American Dream
(04:01) Housing Costs
(05:14) BIGGEST Cost to Americans
(06:43) Kids Are Too Expensive
(08:28) Cars Cost SO Much
(10:15) How Much Do You Have to Make?
(15:42) You NEED to Make More Money
(19:53) What to Give Up
(23:43) Some Good News
(25:22) We WON’T Sacrifice THIS
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-268
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Most people are missing out on what could be the best real estate investments of 2025. Why? Most investors don’t even know about them or have never had access to invest in them before. Today, we’re talking to Fundrise CEO Ben Miller about how he’s taking these once elite-only investments and making them available for the average investor. These investments, for the most part, beat out regular rental properties with sizable returns and way less work. So, what’s the catch? Is there a catch?
If you want to get ahead of the curve and know the investments that smart money (managing BILLIONS of dollars) is making, our interview with Ben truly delivers. We’re getting into how “debt” investors are making serious money off of lending to real estate investors (just like you) and the almost unbeatable returns they’re collecting, plus the new type of investment Fundrise is opening up for regular investors. This is a first, as everyday investors have seldom been able to break into this asset class.
Finally, Ben gives us his outlook for the 2025 economy and why he’s feeling a bit anxious, even with so many economic factors falling into place for a soft landing.
In This Episode We Cover
The one real estate investment making regular double-digit returns with significantly less work
Why housing inventory could shrink even with our massive multifamily “oversupply”
The “securitized” real estate elite investors used to have a monopoly on (you can get in on it now)
Venture capital and why Ben is bullish on AI companies for 2025 and beyond
The surprisingly solid state of the economy and why Ben feels anxious (and you might, too)
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
Dave's BiggerPockets Profile
Is Now a Better Time to Invest in Real Estate Debt or Equity?
Ben's BiggerPockets Profile
Grab the Book on Private Money Lending “Lend to Live”
Jump to topic:
(00:00) Intro
(01:41) What to Invest In NOW?
(04:40) Housing Inventory Will Shrink
(08:20) Less Risk, Way Higher Returns
(15:01) "Securitized” Debt Explained
(18:22) What Can “Normal” Investors Do?
(20:52) Venture Capital Investing for All
(26:12) Optimistic for 2025?
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Everyone is awaiting the 2024 presidential election results—especially homebuyers. As mortgage rates rise again, potential homebuyers are sitting on the sidelines, hoping that the next president could make it a little easier to purchase a house. Is this housing market slowdown just a temporary phenomenon before the biggest political event of the past four years, or could this last well into the winter? We’re covering it on this headlines show!
Could a “Trump trade” push bond yields up and mortgage rates as well? Some economists are betting that a Trump presidency would mean higher mortgage rates. We’ll also talk about California’s Prop 33, which, if passed, could allow more stringent rent control on landlords in the Golden State. With rising costs for property owners, could this lead to landlords selling their rentals to escape California’s tenant-friendly laws?
If you want to escape the election cycle, we’ve got you covered. Our last story touches on the best companies for career growth, and if you’re trying to up your skills (and your income) next year, applying for a job at any of these companies could help you!
In This Episode We Cover
The pre-election housing “slowdown” and why many homebuyers are pausing on purchasing
A new mortgage rate update and what’s causing rates to rise back to seven percent
The “Trump trade” and why economists are worried it could push bond yields up
California’s newest rent control proposition and what it means for landlords in the state
The top companies for career growth in the United States (grow your income!)
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
Proposition 33 Ignites Fierce Debate Over California Rent Control Laws
Do Elections Affect the Housing Market? Here's What Experts Say
Real estate in for a fright as mortgage rates return to 7%
Proposition 33 Ignites Fierce Debate Over California Rent Control Laws
These Are The Best Companies For Career Growth, Ranked
Grab Dave’s Newest Book, “Start with Strategy”
Jump to topic:
(00:00) Intro
(01:01) Pre-Election Housing “Slowdown”
(13:03) The “Trump Trade”
(16:48) Prop 33 Rent Control?
(24:15) Best Companies for Career Growth
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-266
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Evictions suck—for everyone. They’re bad for the property owner, the tenant, and America as a whole. On the lowest end of the spectrum, evictions cost Americans over $14,000,000,000 (that’s BILLION) per year. With this massive sum spent on court fees, attorneys, moving trucks, and lost rent, how do we STOP evictions before they happen? What can landlords do to ensure they NEVER have to kick out another tenant for nonpayment? Today, we’re discussing the true cost of evictions and how to avoid them.
We’ve brought our own Market Intelligence Analyst, Austin Wolff, back to the show to share how much evictions cost for the landlord, how much they cost to the tenant, and how much they cost society. We’re breaking down which costs hurt real estate investors the most during the process and how long it may take you to get a non-paying tenant out of your house.
Once you’ve been seriously sticker-shocked by the price of an eviction, James brings us some actionable steps he uses daily to avoid evictions at his rentals. He recently had one of the worst evictions, costing him SIX FIGURES. He shares what to do so this DOESN’T happen at your investment property, plus the type of rental you can provide that attracts the highest-quality tenants.
In This Episode We Cover
The astronomically high cost of evictions in the United States
How long evictions usually take, and why they often drag out months (or even years)
The cost of an eviction to a tenant and the fees they have to pay once they’re forced to leave
How to avoid evictions from the start by following some quick tips from James
The key to maintaining a high rent collection rate in your rental portfolio (fewer evictions)
What to do if you inherit tenants you suspect WON’T pay once you purchase the property
Overall economic impacts of evictions and why we MUST reduce them
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Property Manager Finder
Dave's BiggerPockets Profile
James' BiggerPockets Profile
Austin's BiggerPockets Profile
6 Strategies That Help Landlords Avoid Evictions
Grab “The Book on Managing Rental Properties”
Evicted Book
Jump to topic:
(00:00) Intro
(02:23) Most Expensive Eviction Ever?
(05:23) Cost/Time It Takes to Evict
(14:11) The Cost to Tenants
(18:57) Serious Economic Effects
(22:47) How to Avoid Evictions
(29:44) Inheriting Tenants (What to Do)
(32:09) Astronomical Total Costs
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-265
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Which generation is taking control of the housing market? With Baby Boomers sitting on an enormous amount of equity-based wealth, younger generations now have to do their part to get in the game, but who is faring best? Gen Z is hungry to get into homeownership, but with their high cost of living, credit card and student debt, and low affordability, will they be a forever-renter generation? What about Millennials, many of whom were financially shell-shocked after leaving college and entering the workforce during the Great Financial Crisis? And don’t worry, Gen X, we didn’t forget you (even though almost everyone else did).
Today, Dave and each of our experts have taken one generation to report on. We’ll talk about Gen Z, Millennials, Gen X, and Baby Boomers—how much wealth they hold, their debts, whether or not they’re buying houses, and how they could affect the future housing market. Plus, we’ll touch on the financial mentality behind each generation and whether or not they have what it takes to become homeowners.
Finally, will the “Silver Tsunami” ever happen when Baby Boomers pass away and the flood of Boomer-owned houses hits the market? We’ll discuss the likelihood of this happening and whether or not the growing trend of “aging in place” could keep our housing inventory at rock bottom.
In This Episode We Cover
Why Gen Z is so poised to start buying real estate (but will they be able to?)
The Baby Boomers’ massive amount of equity wealth that may benefit the future generations
The largest generation of homebuyers that is still actively looking for places to live
Why this “forgotten generation” might be one of the wealthiest to come
The chance of a “Silver Tsunami” and what happens when Boomers pass down their housing wealth
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
Grab Henry’s New Book, “Real Estate Deal Maker”
Find an Investor-Friendly Agent in Your Area
Boomers Hoard Houses, Millennials Struggle to Buy, But Gen Z Gets Ahead
Jump to topic:
(00:00) Intro
(02:58) Gen Z - The Renter Generation
(10:47) Millennials - The Homebuyer Generation
(16:51) Gen X - The Forgotten Generation
(26:18) Baby Boomers - The RICH Generation
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-264
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Does it feel like we’re in a recession? People are constantly discussing layoffs, many Americans are in credit card debt, home ownership seems unachievable, and you probably feel like you should be making more money based on how expensive everything is. But, on the other hand, inflation is down, stocks are up, and unemployment is still (relatively) low. This is what Nicole Lapin would refer to not as a recession but a “vibecession;” it feels like we’re in a recession, even if we aren’t.
As a renowned journalist, author, and money-minded podcast host of Money Rehab, Nicole is one of the best in the industry to come on and explain the state of the American consumer, why they feel so negative toward the economy, and what good news we have going into 2025. Nicole is breaking down exactly why Americans feel so disconnected from our growing economy and the reason consumers are getting frustrated.
But it’s not just bad vibes (okay, enough with the Gen-Z verbiage); there are “bright spots” in the economy that few are paying attention to. These data points come close to proving that we may be out of recession territory and confirm that the Fed did achieve its “soft landing.” Are we on our way to finally feeling good about the economy again?
In This Episode We Cover
Why it feels like we’re in a recession even though the economy is growing
The disconnect between men and women and who’s more optimistic in 2024
Did the Fed actually achieve their soft landing and an inflation rate update
The good news on wage growth (with a BIG caveat)
Rising credit card debt and whether or not this is a precursor to economic crisis
The “bright spots” in the economy that point to some good news for Americans
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
Here’s What the U.S. Consumer Tells Us About the State of the Economy
Money Rehab
Thinking, Fast and Slow
WSJ: The State of America’s Wallet
Build Wealth in Any Market Cycle with “Recession-Proof Real Estate Investing”
Jump to topic:
(00:00) Intro
(01:50) Welcome to the "Vibe-cession"
(05:18) Men vs. Women Economic Sentiment
(06:59) Wages Grow, But...
(10:56) Consumer Debt is Climbing
(16:23) GOOD News for the Economy
(18:42) Hope for Average Americans
(21:39) Where is the Economy Headed?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-263
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Housing affordability in America is the lowest it’s been in forty years. Every year, there are fewer and fewer affordable places to buy a house, and many of the cities that used to be affordable have become so popular that they’re now the pricey ones. Are there any affordable housing markets left, and if so, which ones should investors pay the most attention to? We did a new data analysis on American housing markets to bring the exact list to you today.
Austin Wolff, our own BiggerPockets market intelligence analyst, spent some time analyzing housing markets that not only have job, population, and wage growth but also have affordable home prices perfect for investors. Today, he’s sharing this new list, along with some of the least affordable housing markets that are nearly impossible to break into without millions of dollars.
But is America the only country suffering from a stubborn unaffordability crisis? Many of the top economies are also feeling the sting of high inflation, limited real wage growth, and strong home price appreciation. But are we doing better or worse than many of the top developed countries? We’re sharing those stats, too!
In This Episode We Cover
America’s affordable housing crisis explained, and whether it’s going to get better or worse
Most affordable housing markets with job, population, and income growth
Comparing American home prices vs. other top economies’ home prices
The least affordable real estate markets with the highest home-price-to-wage ratios
The single most affordable city in the United States that could be an excellent investing market
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
Kathy's BiggerPockets Profile
These Are the 10 Most Affordable Markets To Invest in During 2024
Bankrate’s 2024 Home Affordability Report
Why Trump and Harris Aren’t Talking About the $1.8 Trillion Deficit
Austin's BiggerPockets Profile
Grab Dave’s Book, “Real Estate by the Numbers”
Jump to topic:
(00:00) Intro
(02:36) Why Affordability Matters
(04:59) Most Unaffordable Period Ever?
(08:00) How Does America Compare?
(12:23) Least Affordable Markets
(15:09) Most Affordable (Growing!) Markets
(24:35) Will Affordability Improve?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-262
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While short-term rentals are seeing slowing demand, mid-term rentals are taking off (and fast). Mid-term rentals, also called medium-term rentals or MTRs, are thirty-day or longer stays, usually for traveling professionals or those who need temporary housing while relocating. These rentals give you more rent than a regular long-term rental, less turnover than short-term rentals, and can be successful in even the most average of markets. Where are MTRs heading next? We brought on Jeff Hurst, CEO of the leading MTR listing website Furnished Finder, to share the data he’s seeing.
Jeff believes MTRs are still years away from peaking in demand and supply. But maybe he’s a little biased as someone who works in the field. Even as an industry insider, Jeff brought some solid stats that show that MTR is far from falling off the investing map. He’s so bullish on this strategy that he believes MTR is now where Airbnb was in 2012. But what should you do to get in on MTR investing?
Jeff shares the best MTR markets and signs for whether or not your city could be a great place to try it, plus the surprising property type that works best for this strategy (MUCH more affordable than short-term rentals) and how landlords and investors can find tenants WITHOUT going through pricey booking platforms.
In This Episode We Cover
The state of the mid-term rental market and why it’s looking much brighter than short-term rentals
Mid-term rental investing explained, and who’s staying at these properties
Why rural markets actually make terrific mid-term rental investing areas
How to start investing in mid-term rentals WITHOUT owning a single property (rental arbitrage)
How to find tenants for your mid-term rentals without paying high listing fees
The (surprisingly) small property types that work best for mid-term rentals
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
How to Invest in Medium-Term Rentals
Furnished Finder Stats
Grab the MTR Book, “30-Day Stay”
Jump to topic:
(00:00) Intro
(01:57) What Are Mid-Term Rentals?
(06:21) Mid-Term Demand is Still Growing
(09:58) Best Mid-Term Markets
(18:19) Are We Past the Peak?
(20:26) Finding Tenants
(23:59) Fewer Regulations?
(30:03) Bullish on Mid-Term’s Future
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-261
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America is experiencing a strange housing supply problem. On one hand, we don’t have enough housing supply nationally; on the other, we have too much housing supply in cities like Austin and Fort Myers, and as a result, these cities are seeing significant rent declines. Meanwhile, rents are still going strong in much of the Midwest, as their supply-constrained markets give landlords and real estate investors the upper hand. But, even in the “oversupplied” markets, is there a chance for rent price redemption in the future?
We brought on BiggerPockets’ own Market Intelligence Analyst, Austin Wolff, to share his latest findings on housing supply. Austin talks about why rents are growing in some parts of the US but declining in more oversupplied markets. But with the slowing down of construction, will these oversupplied markets become undersupplied? Will landlords in these markets be happy they held onto their properties in a few years?
Austin also shares the exact market he’s making his first real estate investment, which boasts high demand but has yet to see a significant supply bump for his asset class. Does higher supply always mean lower rents? Not quite, and we’ll get into why in this episode!
In This Episode We Cover
The state of our 2024 housing shortage problem and why we may be under and oversupplied
Where rent prices are falling and the cities with the most supply coming online
When demand could finally “catch up” to the high supply these markets are experiencing
The correlation between supply and rent prices (and why they aren’t ALWAYS opposite)
Long-term rent projections as building starts to slow and demand stays high
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Easily Identify Your Next Market to Invest In with BiggerPockets Market Finder
Dave's BiggerPockets Profile
Connect with Austin
Check Out Austin’s Data-Driven Blog Posts
Bureau of Labor Statistics
Census Data
CoStar
Zillow Data
Master the Simple Formulas Behind Every Great Real Estate Deal with “Real Estate by the Numbers”
Jump to topic
00:00 Intro
04:49 Our 2024 Housing Supply Problem
08:22 Where Rents Are Falling
13:13 Demand Will “Catch Up”
17:31 What Happens When Supply Rises?
25:46 Long-Term Rent Projections
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-260
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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