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We’re almost halfway through 2024, and the housing market is at a standstill. Mortgage rates are high, inventory is low, buyers have fewer choices, and many homeowners refuse to put their properties up for sale. But could things change in the second half of this year if interest rates fall and inventory improves, even if ever so slightly? We brought Redfin Chief Economist Daryl Fairweather on this BiggerNews episode to get her team’s latest 2024 housing market predictions.
First, Daryl explains how our stubbornly strong economy put the Federal Reserve in a challenging position and whether or not we could hit the magic two-percent inflation rate goal. Will buyers ever get a break in this tough housing market, and could lower interest rates improve things? Daryl shares what she thinks will happen once the Fed finally cuts rates, how low rates could go, and whether or not this will heat home prices up yet again.
Some “unusual demand” may come late this year for housing, but will agents, brokers, and sellers see the traditionally hot summer season they’ve been waiting for? We’re answering all these questions and more with this housing market data leader on this BiggerNews episode!
Support today’s show sponsor, Rent App: the free and easy way to collect rent!
In This Episode We Cover
2024 housing market and mortgage rate predictions from Redfin’s Chief Economist
How our economy has stayed so stubbornly strong EVEN with rate hikes
Homeowner control and why buyers may be in an even worse position AFTER rates fall
Improving housing inventory and what’s contributing the most to more homes on the market
Why inflation may NOT need to hit the two-percent target for the Fed to lower rates
The “lock-in effect” explained and why more homeowners with low rates could start selling
And So Much More!
(00:00) Intro
(01:38) A Stubbornly Strong Economy
(07:03) Housing Is STILL Hot?
(13:23) Mortgage Rate Prediction
((18:29) Will Inflation Fall?
(20:56) 2024 Predictions
(23:53) An Opportunity for Investors
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-971
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Before you start investing in real estate, make sure you hear this episode. Almost every beginner ends up making these five big real estate investing mistakes. Some cost money, some cost time, but all of them cost you peace of mind and push you further away from achieving financial freedom. We’re breaking down these five big mistakes so you can avoid them and start building wealth faster!
Dave Meyer and Rob Abasolo are back today to discuss the five common real estate investing mistakes to avoid. From buying bad deals to doing wrong calculations, getting stuck in analysis paralysis, and beyond, even our expert investors have fallen into these beginner traps a few times. However, their previous mistakes could make you money as they share exactly how to avoid these rental property investing pitfalls.
If you want to invest in real estate but are stuck, scared that you’ll make the wrong move, jump into today’s episode and take notes. If you can avoid these real estate investing mistakes, you’ll not only end up richer but with far less grey hair than even the most savvy investors. Let’s get into it!
In This Episode We Cover
The five biggest real estate investing mistakes that beginners make (and YOU can avoid)
Why even a profitable rental property can be the “wrong” deal for you
The one thing that most new investors leave out when they’re analyzing real estate deals
The “sacrifices” you can make to get the money for your first or next real estate deal
Why you should NOT borrow money to buy your first investment property
The problem with real estate partnerships and why they’re so easy to get wrong
An antidote to analysis paralysis that’ll stop you from sitting on the sidelines
And So Much More!
(00:00) Intro
(01:25) 1. Buying the Wrong Deal
(05:57) How to Avoid Bad Deals
(07:14) 2. Analyzing Wrong
(11:09) 3. “Lacking” Money
(23:23) How to Do Partnerships
(25:49) 4. Getting “Stuck”
(29:01) Escaping Analysis Paralysis
(31:12) 5. Doom and Gloom
(34:18) Talk to THESE People
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-970
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Your rental properties are sitting vacant—what do you do? Do you sell or lower your rent price to spark some interest? Will reducing your rent open you up to bad tenants? We’re getting into exactly what you should do in this sticky landlording situation, and many others, in this episode of Seeing Greene. This time, we’re sharing wisdom on what to do when you can’t find tenants, how to invest with just $15,000 in 2024, which rental property mortgage to pay off first, and whether to keep or sell your newly renovated rental.
As usual, your real estate investing experts, David Greene and Rob Abasolo, are on the show to help answer any investing question you can think of. Our first video submission comes from a new investor who is completing his first BRRRR (buy, rehab, rent, refinance, repeat). With only $15,000 in the bank and a desire to build a real estate portfolio, what’s the BEST way to use such a small amount of cash? Next, a landlord with multiple rentals wants to know which mortgage to pay down first: her primary residence or her other rentals. An out-of-state investor with a vacant property struggles to find a tenant even after lowering his rent price. A medium-term rental owner with a burnt property asks whether to sell or re-rent the property after his insurance-paid renovations are completed.
Want to ask David and Rob a question? If so, submit your question here so they can answer it on the next episode of Seeing Greene, or hop on the BiggerPockets forums and ask other investors their take!
In This Episode We Cover
Struggling to find tenants? What to do if you think your rent price is too high
Building a real estate portfolio with just $15,000 and why you must use the “BRRRR method”
Paying off your mortgage early and whether to prioritize loan balance or interest rate when picking which property to pay off
The huge danger of using a HELOC (home equity line of credit) to pay off a property
What to do after you renovate/rebuild a rental property—keep or sell it?
And So Much More!
(00:00) Intro
(01:24) Build a Portfolio with $15K?
(10:43) Which Mortgage to Pay Off First?
(20:22) I Can’t Find Tenants!
(30:00) Sell or Keep Renovated Rental?
(35:30) Ask Us Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-969
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Want to know how to make millions WITHOUT owning real estate? Rental arbitrage is the strategy for you. And maybe you’ve heard about it before, but we promise you’ve never heard anything like this. Today’s guest is bringing in millions of dollars through “guaranteed” rental arbitrage contracts that last YEARS. You heard that right—guaranteed rent for years, often at the highest price on the market. And you don’t need to own a single rental property to try this strategy. So, how do you get started?
If you’re looking to make big money with big deals but don’t have the deep pockets to buy a hundred-unit apartment complex, Noble Crawford has what you need. After choosing his wife’s health over his day job, Noble realized he needed an income stream he could depend on—one that wouldn’t be ripped away from him when life’s challenges arose. He learned about Airbnb investing and, by default, rental/Airbnb arbitrage. When the opportunity came for him to house medical students in need, he jumped at the chance and found a seriously lucrative investing avenue.
In today’s episode, Noble will walk through exactly what you can do to start making tens of thousands, if not millions, with rental arbitrage. Plus, he’ll share how to get the deeply-desired government contracts that guarantee you top-of-the-market rent for YEARS.
In This Episode We Cover
How to use “rental arbitrage” to invest in real estate without owning a single property
The lucrative government housing contracts that can make you millions (seriously!)
How Noble gets up to $10,000 per month per unit with these lucrative cash flow contracts
Crucial first steps to starting your rental arbitrage empire (don’t get these wrong)
Exactly where to find and how to get in touch with agencies that are looking for housing
And So Much More!
(00:00) Intro
(01:23) Cash Flow “Contracts”
(04:38) $10,000/Month from ONE Rental?
(09:23) Leaving His Job
(12:20) Moving from Airbnb to Contracts
(18:44) How to Compete for Contracts
(26:30) How to Get Started
(35:01) Connecting with Agencies
(36:53) You NEED This Document
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-968
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Almost overnight, multifamily investing went from red-hot to something not even the most experienced investors would touch. After interest rates went up, rent growth stalled, and apartment supply flooded the market, the apartment investing industry became the ugly duckling of real estate. Owners struggled to get tenants and had huge balloon payments due, and no one was there to save them. But one man predicted that this would happen before anyone else—Brian Burke.
After seeing a crash on the horizon, Brian sold off most of his multifamily real estate portfolio and did it at just the right time. Now, he has a new prediction that could make apartment investors very happy. But a market turnaround won’t come quickly, and if you want to ensure you don’t make the same mistakes most multifamily investors made in 2020 - 2022, you’ll need to hear this BiggerNews episode.
In this BiggerNews, Brian walks through everything that went wrong with multifamily real estate, signs it’s time to sell your properties, and some hope on the horizon for 2025 that most investors have no idea about.
Support today’s show sponsor, Rent App: the free and easy way to collect rent!
In This Episode We Cover
A multifamily real estate update and Brian’s buying plans for 2024 and 2025
The “sobering reality” of the perfectly timed “traffic accident” that hit multifamily all at once
Why as soon as you sense “irrational exuberance,” it may be time to sell your real estate
An optimistic prediction from Brian on when multifamily could finally get back on its feet
Syndication struggles and what every syndicator/investor should be doing NOW
Why the multifamily oversupply may NOT be a problem in the coming years
And So Much More!
Links from the Show
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Ask David Your Real Estate Investing Question
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Listen to Dave on the “On The Market” Podcast
See Dave at BPCON2024 in Cancun!
On the Market Podcast 214 – What to Know About “Capital Calls” As Multifamily Syndications Get “Squeezed” w/Brian Burke
Book Mentioned in the Show
The Hands-Off Investor by Brian Burke
Connect with Brian:
Brian’s BiggerPockets Profile
(00:00) Intro
(01:57) "Irrational Exuberance”
(08:52) Investors Get Hungry
(11:34) Developers Come In
(14:34) The Sobering Reality
(19:01) Distressed Properties
(22:02) Don’t Buy Anything?
(23:41) Long-Term Multifamily Predictions
(26:30) Syndication Struggles
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-967
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Think you've got a bad real estate deal? We doubt it comes even close to what we’re about to share. Today, the experts are in to talk about bee-infested rental properties, risky flips, “wholetail” failures, and other ways that they’ve lost money with real estate deals gone wrong. Why are we sharing such horrific stories? Because we want YOU to be able to avoid the same fate on your first or next investment property. Take a seat, get some popcorn, and pray that your properties won’t turn out like this…
First, Henry Washington from the On the Market podcast shares his recent luxury flip…or should we say, luxury “flop.” This property was poised to make him up to a six-figure profit, but it didn’t work out that way. One simple mistake ruined this real estate deal and forced Henry to slowly pay away all his profits to a hard money lender. Next, our own Rob Absolo talks about the dangers of NOT looking at the comps when doing a “wholetail” deal and how you could easily find yourself with a home worth less than what you put into it.
Finally, the deal of all horrible deals comes out…David Greene’s deal. Where do we even start? Permit problems, mold, bee infestations, and NO way out—this short-term rental gone wrong is costing David hundreds of thousands of dollars, and with little light at the end of the tunnel, he may be forced to do something drastic. So, how do YOU avoid these nightmarish real estate deals? Stick around so you know exactly what NOT to do.
In This Episode We Cover
Three of the worst real estate deals our investing experts have ever done
Why not knowing your neighborhood can cost you BIG on your next house flip
The danger of hard money loans and the massive interest they come with
Why you NEED a partner/mentor in your area to confirm a property’s worth
The so-called “landlord-friendly” state that’s actively trying to ruin David Greene
How nosy neighbors can end up costing you hundreds of thousands of dollars
Whether or not our investing experts regret investing in real estate after this
And So Much More!
(00:00) Intro
(01:24) A Risky Luxury Flip
(06:02) Final Numbers and Exit Plans
(09:19) Henry’s Mistake
(11:14) An Overpriced Wholetail
(15:04) Rob’s Mistake
(23:23) The City Ruined My Real Estate
(32:43) David Lost HOW Much!?
(36:19) How to Avoid This
(39:07) Do We Regret It?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-966
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Want a quicker way to buy rental properties? One that takes less cash, less time, and is beginner-friendly? Then you’re in the right place! In this Seeing Greene, we’re talking about the “sneaky rental tactic” that can help you build a real estate portfolio in just a few years. And if insurance and property taxes have been eating away all your cash flow, we go through a real-life investor’s situation to determine whether he should hold, fold, or change his real estate strategy. All that, and more, is coming up!
Like most investors in America, your property expenses are rising, but rent isn’t climbing at the same rate. What do you do when your cash flow disappears? That’s what our first investor is asking. Then, a house hacker wants to know how to get into his second property and what rules he has to follow to house hack once again. A rent-by-the-room investor gets given an ultimatum by his potential tenant—what should he do? We’ll also discuss the difference between “cheap” and “bad” houses, what to look for in a home inspection, and what to do when guests throw a party at your Airbnb.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!
In This Episode We Cover
Whether to keep or sell a rental property if it no longer brings in monthly cash flow
The “sneaky rental tactic” anyone can use to buy their first (or next) investment property
How many checking accounts you should have for your real estate portfolio
Renting-by-the-room and what to do when a tenant has make-or-break demands
The problem with buying “cheap houses” and why we steer clear of them
What we look at in a home inspection report and what you should always ask the inspector
How to stop parties and large gatherings from happening at your Airbnb or short-term rental
And So Much More!
(00:00) Intro
(01:51) Sell My Low-Cash-Flow Rental?
(07:30) The “Sneaky” Rental Tactic
(12:55) How Many Checking Accounts?
(15:05) Buying “Cheap” Houses
(21:50) Home Inspections 101
(27:58) Ask Airbnb Guests for ID?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-965
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One investment property could change your life, especially if you buy the right one. Logan Koch, an investor in Pittsburgh, Pennsylvania, was buying investment properties for one specific goal: To retire his parents. With a $45,000/year cash flow target in mind, Logan and his parents went to work, finding small multifamily rental properties to buy, fix, and increase rents on. But one day, Logan stumbled across a commercial real estate deal that nobody wanted, one with huge signs of opportunity.
In today’s show, Logan lays down step-by-step exactly what he did to find this unwanted and unnoticed commercial real estate investment, how he was able to DOUBLE the cash flow on it, the massive return on investment he’s walking away with, and even how he got the city to lower his property taxes by two-thirds! The best part? None of what Logan did requires expert-level investing knowledge. Anyone, even a complete real estate investing beginner, can follow Logan’s same thought process to find and buy undervalued real estate deals.
Do you want to start building some retirement (or early retirement) cash flow for yourself or your parents? These are the exact types of deals you should be on the lookout for! Stick around as we discuss Logan’s almost unbelievable return on this cheap investment property everyone else was overlooking!
In This Episode We Cover
Telltale signs that a property’s expenses are WAY too high (and how to lower them significantly)
Setting a cash flow retirement goal that’ll allow you to retire (or retire early) on your timeline
How Logan cut his property tax bill on this investment by over sixty percent!
Seller financing and how to get creative when buying commercial real estate
BRRRR-ing a big property and how Logan bought $15,000/year cash flow for just $20,000!
And So Much More!
(00:00) Intro
(01:58) Investing to Retire His Parents
(05:50) Small Multifamily, Big Cash Flow
(11:42) Finding the Opportunity
(19:01) Cutting Property Taxes by 66%
(22:22) A 75% Return!?
(29:19) The Rental Retirement Plan
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-964
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Real estate investing in 2024 isn’t as easy as a few years ago. When interest rates are low, housing inventory is high, the economy is booming, and everyone’s happy, real estate investors can take considerably more risks with bigger payoffs. But now, only the most savvy investors are finding cash flow, appreciation potential, and wealth-building properties. So, with little hope in sight for lower rates or home prices, how do you ensure you’re building wealth, not getting burnt, in the challenging 2024 housing market?
If there’s one person who knows how to invest during tough times, it’s J Scott. He literally wrote the book on recession-proof real estate investing and has flipped, landlorded, and syndicated through booms, busts, and the in-between periods. Today, J is laying down his six rules for real estate investing in 2024, which he’s following himself to ensure his portfolio doesn’t just survive but thrive, no matter what the housing market throws his way.
First, we dive into the factors causing such a harsh housing market and whether J thinks home prices will rise, flatten, or crash. Next, J walks through the six rules for real estate investing in 2024. We’ll talk about appreciation potential, rising expenses like insurance and property taxes, the riskiest investing strategies of today, loans that’ll put your real estate deals at risk, and why you MUST start paying attention to your local housing laws.
Support today’s show sponsor, Rent App: the free and easy way to collect rent!
In This Episode We Cover
The six rules for successful real estate investing in 2024 from a time-tested expert
Inflation, interest rates, home values, and why the housing market has significantly slowed down
What rising expenses like insurance premiums, property taxes, and labor will do to your rentals
The one thing you CAN NOT assume when analyzing real estate deals (big potential mistake)
Adjustable-rate mortgages (ARMs) and why J is avoiding these at all costs
Rent control, short-term rental regulations, and housing laws that could put your rentals at risk
And So Much More!
(00:00) Intro
(01:30) What Affects the Housing Market?
(11:20) 1. Don’t Bet on Appreciation
(15:46) 2. Expect Higher Expenses, Lower Rent
(20:37) 3. Know the Risks of Flips
(26:46) 4. Avoid Adjustable-Rate Loans
(28:48) 5. Buy What You Can Hold
(33:15) 6. Pay Attention to Local Laws
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-963
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Want to reach financial freedom faster? The BRRRR method is how you do it. Seriously—the BRRRR strategy is almost too good to be true, which is why so many real estate investors use it as the stepping stone to start building wealth. In short, the BRRRR (buy, rehab, rent, refinance, repeat) method allows you to reuse and recycle your money repeatedly, turning one sum of cash into multiple investment properties or an entire portfolio! This allows you to build your real estate portfolio faster WITHOUT having to wait around to save up tons of capital to invest.
But how do you use the BRRRR method to build wealth, passive income, and financial freedom? We’ve got a financially free investor, Dave Meyer, on the show to walk through the three steps of completing a BRRRR real estate deal. From finding the properties to analyzing them for maximum profit potential and refinancing to get your money back out, these are the steps a beginner needs to take to do their first BRRRR deal. Plus, we’ll even show you a tool that runs the numbers for you in just minutes so you can get your first or next investment property even faster!
Want to do BRRRR deals like the pros? Sign up for BiggerPockets Pro to unlock unlimited BRRRR calculator usage and access all the elite investor tools by using code “BUYPOD24” at checkout. Plus, you’ll score a sweet discount and over a thousand dollars in bonuses!
In This Episode We Cover
The BRRRR method explained and how to use it to “invest on repeat”
Why BRRRR may be one of the best ways to reach financial freedom FAST
The risks of the BRRRR method (and easy ways to get around them)
How to find perfect properties for the BRRRR method (and Dave’s favorite way to find deals)
Analyzing a BRRRR deal from start to finish (in just minutes!) with the BRRRR calculator
How to get funding for your first or next BRRRR deal with these investor-friendly lenders
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-no-number
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Imagine living in a home where your next-door neighbors are your best friends or family members. We know you’ve thought about it before—starting a compound with all the people you love, everyone helps each other, watches each other’s kids, the community stays safe, and you barely have to drive! This is exactly what co-ownership homes, co-buying, and co-living can do for you! But getting a dozen or so people together to do a real estate deal can be a little tricky; that’s why we have Phil Levin, founder of Live Near Friends, on the show to help.
Phil lives in his own housing “cluster” with nineteen (yes, nineteen) of his closest friends. He believes that being near your loved ones helps you live a happier, safer, and more contented lifestyle—and we agree! There are massive positives to living in a neighborhood with your friends. We’re talking free babysitters, consistent helping hands, less driving and more walking, and, of course, being able to see your best friends almost every day of the week. But practically, how does one start building a community like this?
Phil walks through the different setups anyone can try to begin living with and around their friends and family, from co-buying with one or multiple others to starting a “minihood” and making your own part of the block, or building an ADU (accessory dwelling unit) for a close friend or two to live in. He even talks about the rising demand for this type of co-living and what developers and real estate agents can do to make serious profits from this growing trend.
In This Episode We Cover
Co-ownership, co-living, and co-buying explained and how to live with your best friends
The massive benefits of living near family and friends (especially if you have kids!)
The “law of proximity” and boosting your lifestyle by co-living with more happiness and less stress
Creating a “minihood” where you and your friends all live within walking distance
How real estate developers can get a jump on this fast-growing co-ownership trend
And So Much More!
(00:00) Intro
(01:24) Compound Living
(04:00) How to Start Coliving
(07:15) Benefits to Living with Friends
(10:51) “Cobuying” with Friends/Family
(16:39) Huge Demand for This Housing
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-962
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One of the biggest hurdles to rental property investing? High down payments. Most lenders want you to come to the table with twenty to thirty percent down, but with home prices averaging around $400,000, it might not be easy to come up with $80,000 to $120,000 on your next deal, especially with today’s high cost of living. So, how do you skirt the high down payment requirements while still locking up solid real estate deals? We’re showing you how in today’s Seeing Greene!
First, a Hawaii investor struggles to scale his real estate portfolio with the state’s significant down payment requirements. David and Rob give him some creative ways to still get deals done. A median-income-earning new investor wants to know whether to buy a new construction home or BRRRR his way to wealth. Then, we debate whether a high down payment with cash flow beats a low down payment with negative cash flow. Looking for a better interest rate on your next deal? We’ll share the seller finance strategies you can use to buy off-market properties, plus whether or not you can buy two houses at once with the same preapproval.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!
Support today's show sponsor, Rent to Retirement, by checking out their turnkey rental properties for sale!
In This Episode We Cover
How to get around high down payment requirements on your next deal
BRRRRing (buy, rehab, rent, refinance, repeat) vs. buying new build homes
Weighing the pros and cons of a high down payment with higher cash flow
The ONLY type of investor who should purchase negative cash flow properties
Seller financing 101 and how to find these hidden deals with rock-bottom rates
Buying two houses with the same preapproval and whether it’s even possible
And So Much More!
(00:00) Intro
(01:07) How to Avoid High Down Payments
(11:36) BRRRR or Buy a New Build?
(20:35) Take Negative Cash Flow?
(24:50) Comment Section Callout
(27:36) Getting Seller Finance Deals
(34:24) Buying Two Houses at Once?
(36:53) Ask Us Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-961
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Looking for monthly cash flow but live in an expensive real estate market? It sounds like you need to start buying rental property OUT of state. After realizing that real estate investing could be the wealth-builder they needed, Jessica and Shyd Coloma wanted to get in the game. But in pricey Southern California, finding passive-income generating rental properties was next to impossible. So, they began looking out of state. Thanks to BiggerPockets Agent Finder, they met Ohio-based agent Michael Gallagher, and now, just a couple of years later, they have a cash-flowing rental property portfolio!
Michael was able to quickly show the couple which cities offered cash flow, appreciation, and a bit of both, as well as the parts of town that were seeing the most growth. They ended up buying a duplex for under $100,000, saw instant cash flow, and decided they needed more! In today’s show, they’ll walk through all the numbers of their first and second deals, how their rock star agent saved the day multiple times, and what you MUST look for in an out-of-state investing market.
Need an investor-friendly agent? Use BiggerPockets Agent Finder to connect with local agents in your investing area for free!
In This Episode We Cover
Long-distance real estate investing and how to buy rentals from 2,000+ miles away
Building your "buy box" so you know exactly what you want in an out-of-state market
Cash flow vs. appreciation and which cities in Ohio offer which benefits
Finding a property manager remotely and whether local managers beat national ones
Short-term rentals, medium-term rentals, and the strategies to get even more cash flow out of your rental
One huge closing hiccup Jessica and Shyd ran into that you should be on the lookout for
And So Much More!
(00:00) Intro
(01:22) Investing Out of State
(08:24) $87K First Rental Property!
(13:07) Finding a Property Manager
(15:06) 2nd Deal in Columbus
(23:34) Closing Hiccups and Final Numbers
(29:09) Keep Investing in Ohio?
(31:29) Ready to Invest Out of State?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-960
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The 2024 housing market isn’t turning out how most of us thought. At the beginning of the year, real estate investors were hopeful that mortgage rates would fall, affordability would return, and home prices would have a chance to stabilize before going back up. But none of those things happened. Rates are still high, affordability is at a forty-year low, and home prices are slowly rising even with diminished demand. Why is this happening, and what’s causing these market moves? All that and more, with VP of Market Intelligence at BiggerPockets, Dave Meyer, in this BiggerNews episode.
We’re giving you an entire wrap-up of the 2024 housing market (so far) on today’s episode as Dave goes through the data behind affordability, home prices, inventory, sales, and which real estate markets are faring the best. With more and more homeowners “locked in,” the US as a whole is still experiencing low housing inventory—HALF the amount of inventory from just a few years ago. This puts buyers in a tough spot. Should they buy now with limited choices and high rates or wait for mortgage rates to drop? And if they do decide to wait, what happens to rent prices?
Dave answers it all plus shares the region-by-region differences affecting each corner of the US housing market. From high inventory in the Southeast to the often overlooked real estate regions with massive demand, we’ll get into where money is moving and which states you should be most concerned about investing in. All that, and much more, in this BiggerNews housing market update!
Support today’s show sponsor, Rent App: the free and easy way to collect rent!
In This Episode We Cover
A 2024 housing market update and the data you should pay attention to most
Why home prices continue to rise EVEN with low demand and record-low affordability
Our ongoing affordability crisis and how mortgage rates are stunting home sales
Why inventory is exploding in one specific region of the United States (and what it means for investors)
Slow rent growth and the multifamily overbuilding problem that could affect many investors
Exactly what Dave is investing in this year, plus the one big concern he has for future real estate deals
And So Much More!
(00:00) Intro
(02:11) Affordability at 40-Year Low
(06:13) Inventory is Rising (Good News)
(08:41) Home Sales Are Up…Kind Of
(10:48) Rent and Home Prices Increase
(15:04) Hot and Cold Housing Markets
(21:51) What Investors MUST Know
(26:42) How to Track the Housing Market
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-959
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Hiring a property manager can be one of the best or worst decisions in your real estate investing career. The right property manager can give you the time to scale your portfolio to new heights, all while increasing the revenue on your rental properties. But the wrong property manager can drown you in unnecessary fees, push time-consuming tasks back on your plate, and leave your properties worse off than they were before. How do you distinguish between the two when every property manager tells you they’re the best in the business? In today’s show, we’ll show you how.
After building their real estate portfolios, Luke Rzepiennik and Michael Vialpando struggled to find property managers that fit their standards. They both had portfolios of short-term rentals, but no manager in their area was making the cut. With busy schedules and full-time jobs, neither of them could drop everything to become the perfect property manager. So, instead, they started Renjoy to not only manage their own properties but other investors’ properties as well.
If you’ve struggled to find the right property manager in your area or are at the tipping point of needing one, Luke and Michael can help. They give a masterclass on property management, from the exact questions to ask a property manager to signs of a great one, red flags to watch out for, and when it’s time to stop managing your own properties and start hiring it out. Plus, we’ll share the huge mistake most rental property investors make and the little “fees” that can kill your cash flow when using a property manager incorrectly.
Find a trusted property manager in your area today with BiggerPockets Property Manager Finder!
In This Episode We Cover
How to hire a property manager so you can spend less time managing and more time scaling
What a property manager does and the roles and responsibilities you should expect them to take on
Questions you should ask any short-term rental property management company BEFORE you hire them
Death by fees and the tiny charges that are draining your rental of any cash flow
When it’s time to hire a property manager and common property management pricing
And So Much More!
(00:00) Intro
(01:25) Building Their Rental Portfolios
(04:07) Property Management Problems
(11:59) Questions You MUST Ask
(18:42) When to Hire and Pricing
(24:53) These Costs Will Kill Your Deal!
(28:26) Medium-Term Rental Management
(31:25) Saving Your Time
(36:35) Connect with Luke and Michael!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-958
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Have you ever thought about buying rental properties abroad? It might surprise you, but investing overseas could bring in much more cash flow and appreciation than you thought possible. Bobby, a real estate investor from Arizona, moved his money down south, buying in both big cities and small tourist destinations in Mexico. He’s here to share everything you need to know about buying international investment properties and how you, too, can beat the US housing market by moving your money elsewhere.
It’s time to practice your Spanish because, on this Seeing Greene, señor David Verde and Rob Abasolo are here to talk about investing in Mexico’s cash-flowing coasts and appreciating capital city. Bobby details finding properties for sale when investing abroad, how to get a rental property loan (and today’s mortgage rates), the challenges American investors will encounter, and the tourist markets to look for. Plus, we’ll answer some questions from the comments and listeners about buying in a flood zone, financing an ADU (accessory dwelling unit), and how to run your numbers on a build-to-rent property.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
Investing in overseas rental properties and everything you need to know to find deals
Financing investment properties in Mexico and the sizable mortgage rate differences
Signs that your international investment is actually a scam (red flags!)
Tourist markets with solid signs of growth and how to spot them so you can see BIG appreciation
Should flood zones scare you, and when is it worth it to invest in a property in one
Build-to-rent calculations and the top things the experts look at before buying a NEW property
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Property Manager Finder
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Ask David Your Real Estate Investing Question
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's X/Twitter
Rob's YouTube
BiggerPockets' Instagram
Access Exclusive Real Estate Investing Tools with BiggerPockets Pro
Try the BiggerPockets Calculators Today
Connect with Other Investors on the BiggerPockets Forums
Grab David’s Book, “Long-Distance Real Estate Investing”
Reach Financial Independence with the BiggerPockets Money Podcast
BiggerPockets Real Estate 932 - Seeing Greene: When NOT to Build an ADU and How to Invest $300K
(00:00) Intro
(01:16) Investing in Mexico!
(03:52) Financing Rental Properties Abroad
(06:37) Finding Properties in Mexico
(08:25) Airbnb-ing Abroad Tips
(09:59) Airbnb Profit Numbers
(16:27) The Problem with ADUs and HELOCs
(22:41) Buy in a Flood Zone?
(25:21) Build-to-Rent Calculations
(29:58) Ask Us Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-957
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"Subject to" real estate has been exploding in popularity. When mortgage rates began to rise, subject to (often called sub to) came in as the hero to save the day. This real estate investing strategy offered investors the chance to take over low-interest-rate loans from homeowners who wanted to sell their properties. And, with often a minimal down payment required, new and experienced investors lined up to give this fast-scaling strategy a try. Without even knowing it, Tanner Litchfield did the same.
After being brought a home run, three-percent mortgage rate deal, Tanner knew he had to act quickly to secure what would be a massive passive income play. He put down a six-figure down payment to secure it, with another seventy thousand dollars in renovation costs. Things were rolling smoothly until…they weren’t. Tanner lost every penny he put into this property and the property itself while another investor walked away with it in hand. How did this happen, and how do YOU avoid a six-figure creative financing mistake?
In today’s episode, Tanner walks through every difficult detail of this deal gone wrong. He shares the red flags he should have seen in the beginning and the one thing that could have saved him from this deadly deal. If you’re interested in seller financing, subject to, or any other type of creative financing, you MUST listen to this episode, or you could be hit with a six-figure loss, too.
In This Episode We Cover:
Subject to real estate explained and why so many investors are flocking to this strategy
The “due on sale" clause which can easily lose you an entire property if called
Why you MUST understand the zoning and rules for your rental property BEFORE you buy it
The “gray area” of creative financing that is putting new and veteran investors at risk
Why having a solid network in your investing area can stop you from getting burned
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Property Manager Finder
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Ask David Your Real Estate Investing Question
Dave's BiggerPockets Profile
Dave's Instagram
Henry's BiggerPockets Profile
Henry's Instagram
Hear Dave and Henry On the “On the Market” Podcast
Watch Dave on the “On The Market” YouTube Channel
The Hidden Risks of “Subject To” Real Estate w/Eddie Speed
Creative Financing: How To Use It In Real Estate
Connect with Tanner:
Tanner's BiggerPockets Profile
(00:00) Intro
(01:20) Ditching Dentistry to Invest
(04:35) Finding Creative Financing
(06:15) A Perfect Deal on Paper
(10:15) Scoring a 3% Interest Rate?
(12:39) Things Go Really Wrong
(21:15) A Massive "Gray Area"
(25:43) A Chance of Recovering?
(30:25) What Tanner Would Do Differently
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-956
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Which will make you richer: real estate vs. stocks? We brought the fine folks from The Motley Fool on the podcast to get into a serious debate over which asset makes you more money, which is easier to invest in, and which saves you the most in taxes. We’ll go head-to-head against The Motley Fool’s Jason Moser and Matt Argersinger to finally answer the age-old question: Should you invest in stocks, real estate, or both?
For this debate, we had to bring out the big guns. That’s why Dave Meyer and BiggerPockets CEO Scott Trench will be on team real estate for this debate, as Chris Hutchins from All the Hacks moderates to ensure things stay fair. Although we’d love to admit that we crushed this debate, there are some moments when the stock investors will surprise you, showing that real estate may not be for everyone and how stocks beat real estate in numerous ways. But that doesn’t answer the question, “Does real estate make you richer?” Don’t worry; we’ll get into all that in this debate.
Stick around as we get into the topics you care about most: building wealth, barriers to entry, volatility and risk, diversification, REITs vs. rentals, leverage and liquidity, time commitments, tax advantages, and more. If you’re itching to park your cash in an investment, hear out the debate BEFORE you make a move!
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In This Episode We Cover
The ultimate real estate vs. stocks debate (and which will make you richer)
Barriers to entry and which asset class is the EASIEST for beginners
Volatility and risk, and the sizable advantage real estate has for stable pricing
REITs (real estate investment trusts) vs. rentals and the more “passive” type of real estate investing
How much time it actually takes to succeed at stock investing and landlording
The MASSIVE tax advantages to real estate investing that stocks cannot beat
Why BiggerPockets CEO Scott Trench invests more in stocks than in real estate (!?)
And So Much More!
(00:00) Intro
(02:20) Stocks vs. Real Estate Investing
(04:08) Building Wealth
(08:43) Barriers to Entry
(14:50 )Volatility and Risk
(20:41) Diversification
(23:42) REITs (Real Estate Investment Trusts) vs. Rentals
(32:57) Time Commitments
(35:53) Leverage and Liquidity
(41:12) Tax Advantages
(43:54) Closing Arguments
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-955
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Would you buy a house for $100K? That’s right, just twenty-five percent of the median home price in America. Well, we found a couple who does just that, finding fixer-upper properties that often cost less than six figures and turning them into eye-catching, head-turning homes. They even argue that these cheap old homes are BETTER than the newer-built house flips that so many investors are targeting today. So, how do you find your next $100K home, and where do you start looking?
Elizabeth and Ethan Finkelstein, the brains behind HGTV’s Cheap Old Houses and the social media account by the same name with millions of followers, join us on today’s show. Elizabeth and Ethan love cheap old houses, but not for the reason you think. Most investors purely look at the numbers or the profit potential, but Elizabeth and Ethan see beyond that, fixing up old houses to not only collect the significant equity gain but restore communities and bring back long-forgotten styles, materials, and looks.
They’ve bought houses for as cheap as $27,000 and turned them into homes anyone would dream of having. If you’re an investor without much capital and can get a little handy, these old houses could explode your portfolio. But who SHOULD be buying these cheap old houses? Stick around as Elizabeth and Ethan give their expert advice on what to DIY vs. hire out, which old pieces to keep, the best way for beginners to get started with little money, and the decades that built the BEST houses!
In This Episode We Cover
How to get on the path to financial freedom by buying cheap old houses
Buying houses for just $27,000 and where to find these types of homes
How old is old enough, and the decades when building quality starts to decline
Using the “live in flip” strategy to buy your first fixer-upper or primary residence
DIY vs. hiring it out and the tasks that Elizabeth and Ethan enjoy the most
And So Much More!
(00:00) Intro
(01:24) Why Cheap Old Houses?
(05:16) $150K Houses!?
(07:17) Rehabbing New vs. Old Houses
(19:03) Who Should Do These Rehabs?
(20:11) Best Ways to Get Started
(23:38) DIY vs. Hiring it Out
(27:47) Connect with Ethan and Elizabeth!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-954
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Could building houses make you more money than buying existing ones? When should someone use the 1% rule in real estate, and when does this metric point to a cash flow disaster? What’s the best way to get more capital or funding for future real estate deals: get a HELOC on your primary residence or look for investor-only DSCR loans? We’re pulling some of the top questions from the BiggerPockets Forums and giving our answers on today’s show!
Expert investors Dave Meyer, James Dainard, and Kathy Fettke from the BiggerPockets On the Market podcast are on today to answer YOUR real estate investing questions. First, we return to the age-old debate, “Does the 1% rule exist anymore?” With high home prices and lagging rent growth, this once foolproof metric could be an outdated calculation inexperienced real estate investors should avoid. Next, can you make more money building houses than flipping houses?
Are turnkey rentals the best “low headache” real estate investment? We’ll answer that and give our thoughts on when to use a HELOC (home equity line of credit) vs. a DSCR loan (debt service coverage ratio). Finally, for our out-of-state investors, we share the top metrics to look at BEFORE you invest in a new market.
Want to ask a real estate investing question? Post yours in the BiggerPockets Forums, and we might select it for our next show!
In This Episode We Cover
The 1% rule explained and when you should (and definitely shouldn’t) use it to decide on deals
Building new construction vs. flipping houses, plus which could make you more in 2024
Turnkey real estate investing and whether the lost value-add potential is worth the passive income
HELOCs (home equity lines of credit) vs. DSCR (debt service coverage ratio) loans
Best tools to use and metrics to track when looking into out-of-state investing markets
And So Much More!
(00:00) Intro
(00:46) Is the 1% Rule Dead?
(08:24) Building vs. Flipping Houses
(14:30) Are Turnkey Rentals Worth It?
(20:56) HELOCs vs. DSCR Loans
(25:07) Local Market Metrics to Track
(30:46) Ask Us Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-953
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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