There have been a lot of market crash predictions over the past few years. Since the 2020 flash crash and subsequent asset price skyrocketing, investors have always had an inkling that this wouldn’t last. Once inflation hit decade-long highs, the Fed stepped in to quell constant price pumping, but that came with even higher mortgage rates. Now, commercial real estate investors and everyone else with short-term financing are stuck in a bind. Once these loans come due, they’ll either have to pay them off, refinance, or face foreclosure. So, what happens next? While Dave Meyer and James Dainard are housing market experts, neither know macroeconomic data as well as Fundrise’s Ben Miller, whose job is to predict market patterns and make the best investing decisions. Last time we talked to Ben, he hit on the “Great Deleveraging,” which would force a massive commercial real estate crash, but today he’s talking about bank failures, a financial collapse timeline, and what he’s buying as soon as the market drops. The wealthiest in America know that market crashes and financial collapses aren’t a time to worry; they’re a time to make millions! Ben shares the markets with the most opportunity, how to pick up properties for dimes on the dollar, and why hoarding cash during a time like this isn’t such a bad idea. So don’t fear market downturns like this; take advantage of them! In This Episode We Cover The “Great Deleveraging” explained and why commercial real estate prices will fall fast  Bank collapses and what happens when liquidity starts to run dry  Quantitative easing and whether the Fed will continue to inject the market with money Assets to keep an eye on during the crash and what Ben is buying Loans, lending, and what investors can do when banks won’t fund their deals   Market crash predictions and when Ben expects the situation to escalate  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Post-Pandemic Boom Markets to Cool Off “Sharply” What High Mortgage Rates Did to The Housing Market Things are getting really weird in the housing market Deleveraging: The Dominoes are About to Fall Commercial Real Estate Could Crash, But Are Everyday Investors Impacted? The “Catalyst” That Could Cause The Economy to Fall Listen to “Onward, a Fundrise Production” Connect with Ben: Ben’s Twitter Ben’s LinkedIn Ben’s Email Ben’s BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-109 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The real estate market was supposed to crash, but it didn’t. Interest rates were supposed to cause a significant slowdown, but they didn’t. Hot markets were supposed to give buyers a break as activity plummeted, but...well, you get the point. The 2023 housing market could be summed up in one word: weird. With the Federal Reserve fighting against the market, sellers refusing to move, and buyers still dealing with record-low inventory, many of us question whether or not we’re stuck in a real estate-inspired groundhog day, where 2021-2022 repeats until infinity. While this (probably) isn’t happening, the real estate market is showing signs of restarting after a mortgage-rate-caused flash correction. Lance Lambert knows about this all too well. He’s been reporting on the housing market for years and knows exactly why America’s property market has become so polarized, even with such immense downward pressure. With cities like Austin still in the slumps and markets like Miami hitting housing price peaks, where is a safe place to invest? If you want to get a macro sense of where we are in the economy, how the housing market works, and why the Fed is having such a hard time, this is the episode for you. Lance brings us back to 2020 and explains how the pandemic fueled “gigantic” demand that was never met, why a housing crash didn’t happen, and whether or not mortgage rates could go even higher. In This Episode We Cover The “polarized” housing market and which areas are staying red hot while others freeze The post-pandemic property market effects and how the housing market hurt inflation efforts from the Fed Mortgage rate predictions and what could cause rates to rise or fall this year  East vs. West Coast and why cities like Seattle, San Francisco, and Los Angeles cooled off so quickly  Affordability updates and why builders have the upper hand on the Fed  The “Two C’s” that are controlling home prices and the housing market in 2023 And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Henry's BiggerPockets Profile Henry's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Hear Our Interview with Fortune’s Lance Lambert on the “Polarized” Housing Market The Top 10 Housing Markets Forecasted For Strong Demand This Decade Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-108 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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

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

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

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

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

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

High mortgage rates chewed up and spit out homebuyers, loan officers, and the mortgage industry. With a bump of a few percentage points, buyers exited the market quickly, and the number of mortgages got cut in half almost instantly. But what else can you expect from the most significant mortgage rate movement in forty years? Now, nearly a year after mortgage rates took their initial hike, there may be some hope on the horizon that we’re returning to better days for both buyers and sellers. But who better to ask about mortgages than the President of Rocket Mortgage, Tim Birkmeier? Tim has been in the mortgage industry for over two decades, working his way up from loan officer to president, helping turn Rocket Mortgage from a regional company into America’s largest mortgage lender. He knows loans inside and out and has some predictions on how loans could change over the next few years. Tim touches on why FHA loans are seeing a comeback (especially as their fees get cut), why HELOCs are in an equity-based revival, and how to “lock in” your mortgage rate so you don’t get stuck buying when basis points jump up. So if you’re itching to get back in the real estate game but don’t know how long high mortgage rates will last, stick around! Tim has answers only an industry-leading expert would know. In This Episode We Cover Mortgage rate hikes and what 6% interest rates did to the housing market FHA’s comeback and why your mortgage insurance cost is about to go down Upgrading vs. moving and why homeowners and taking more equity out than ever before Rate buydowns and Rocket’s “Inflation Buster” program to keep your payment low New digital mortgage transactions and the future of getting approved Buyer demand and whether or not the seller stalemate will soon be over And So Much More! Links from the Show Agent Finder Lender Finder BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram 2023 Mortgage Rate Outlook Connect with Tim: Tim's LinkedIn Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-101 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

This housing market is a tough nut to crack. One week, rates are coming back down, buyers are gearing up to re-enter the real estate market, and investors are feeling optimistic. Then, the following week, inflation spikes, mortgage rates jump, and affordability plummets back down to a depressing level. Because of this topsy-turvy economy we find ourselves in, we get a slew of questions on almost every episode asking us to predict what will happen next. And today, the entire On the Market panel has flown out to Denver to get this live debate going. That’s right. Dave Meyer is joined by Henry Washington, James Dainard, Jamil Damji, and Kathy Fettke to pop some bottles, rock some chains (thank you, James), and give you up-to-date info on the housing market. We’ve taken a few of our favorite questions from the comment section and got the panel’s opinions on some of today’s most pressing topics. First, we’ll talk about why new homes are cheaper than existing homes in many markets and whether or not this is a red flag for the housing market. Then, we enter lender territory and discuss which markets are seeing new down payment requirements and which allow you to still score deals at ten to fifteen percent down. We’ll also revisit the commercial real estate crash and what could happen once these massive balloon payments come due. But don’t worry, there’s still some optimism afoot, as a couple of our expert guests predict a housing market boom could be coming in only a matter of months. So, don’t get caught in the rocky waves of this real estate market; tune in to get the scoop on everything happening on the market.   In This Episode We Cover The incoming housing market “boom” that could start another buying frenzy New construction vs. existing homes and which is a safer bet as a new investor Down payment requirements and why so many lenders are asking for more  The commercial real estate crash and how it could create insane deals for investors with cash on hand The state of the economy and why there’s so much contradictory data pointing in different directions Why you should always buy two plane tickets when planning your next trip And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Attend a BiggerPockets Meetup Grab Dave’s “2023 State of Real Estate Investing Report” On the Market Podcast 65 with Ben Miller (Deleveraging) On the Market Podcast 71 with Brian Burke (Multifamily BOMB) Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-85 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The 2023 recession is off to a strange start. Homebuyer activity has rallied, consumer spending is up, and unemployment is low. Is a recession really on the way, and if so, has anyone told the Fed what's happening in today’s economy? With a good chunk of economists still betting on a recession in 2023, who’s right and who’s wrong? And if there isn’t a recession incoming, can real estate investors take advantage of this artificial instability to get even better deals done? We’re back with our panel of experts, Henry Washington, Jamil Damji, and Kathy Fettke, to get their take on whether or not this period of economic uncertainty is over. Back in 2022, with mortgage rates picking up, inflation hitting decade-long highs, and the housing market starting to stutter, most Americans were right to believe that we were on the cusp of a recession. And real estate investors were doing deals left and right, trying to get as many homes under contract for the lowest price. And only a few months later, things have started to change, but investors are still getting incredible deals done, and if you tune into this episode, you can too! We talk about how this “white-collar recession” is causing more profit than panic for investors and why many Americans don’t “feel” we’re in an economic downturn. Our expert guests even give their best predictions on what could happen this year and into the next. So if you want to take home some SERIOUS profits like our guests did in the last crash, listen up!  In This Episode We Cover A 2022 economic recap and why Americans didn’t react as they did during the last recession Testing today’s recession sentiment using the “underwear” theory  Whether or not we’re in a recession and why real estate is always “first in, first out” The 2023 economy, housing market predictions, and why recession indicators don’t always work  How to invest in 2023 and what our expert guests are doing to build wealth while markets are down Passive investing and why Dave’s private money lending bet could pay off as mortgage rates rise  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Attend a BiggerPockets Meetup Why This Recession is a HUGE Opportunity for Investors Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-84 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The 2023 economy doesn’t fit what the forecasters were predicting. Inflation was up, but now it’s coming back down, interest rates keep rising, but homebuyer demand is coming back? As if there wasn’t enough contradictory data, employment is holding steady while we should be in a recession. What’s really happening behind the scenes, and how can you use economic headwinds to build wealth faster while everyone else braces for an impact that may never come? We’re back with Fundrise CEO Ben Miller to discuss the three economic scenarios EVERY investor should plan for in 2023. Ben has learned something new about the economy (and himself) during every past crash. In the 90s, when real estate took a hit, young Ben was too carefree to be concerned. Then, when 2008 came around, Ben was left with scars from the market crash carnage. Now, after the 2020 flash crash and into a potential 2023 market crash, Ben knows better and is making bets that’ll make him, his company, and his investors very wealthy. Ben thinks it’s a mistake that most investors simply put one scenario forward when investing. He tells tales of some of the greatest investors using basic scenario planning to make a killing during any economy. In this episode, he’ll run through exactly how you can do this and why thinking in bets may be one of the best moves you can ever make. So, even if a housing market crash does come, you’ll be prepared not just to survive but thrive. In This Episode We Cover Why we aren’t in a recession yet and the contradictory crash indicators Scenario planning 101 and the three types of outcomes EVERY investor should plan for Thinking in bets and why a “black swan event” is much closer than most people think What could lead to an economic recession and why it’s getting impossible to predict one The best asset classes to invest in during 2023 and why institutional investors are taking big bets on debt Why base hit real estate deals will make you rich, but home run potential should always be taken advantage of And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Attend a BiggerPockets Meetup On the Market 33 with Ben on Build-to-Rent On the Market 65 with Ben on Deleveraging On the Market 76 with NFL Panel Books Mentioned in the Show The Psychology of Money by Morgan Housel The Art of the Long View by Peter Schwartz Antifragile by Nassim Nicholas Nicholas Taleb Connect with Ben: Ben’s Twitter Ben’s LinkedIn Ben’s Email Ben’s BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-83 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market crash may be over already. With mortgage rates steadily dropping, buyer demand picking up, and competition creeping back in, this housing correction could have been one of the fastest and least severe downturns we’ve ever witnessed. Top forecasters have hinted at the housing market bottoming out, with some claiming that the “thawing” has already begun—but the data may point to something different. While there are signs of improvement compared to where we stood just a few months ago, some glaringly obvious data points could make this a much closer call than mainstream forecasters think. Dave Meyer, your sandwich-eating, data-delving host, wanted to know precisely what would cause the housing market to hit its floor. He looks at both the demand and supply side of the housing market, touching on the variables that genuinely make a difference. We’re talking about mortgage rates, housing affordability, loan applications, housing supply, active listings, and more. But you don’t need a degree in Data Science to understand what’s happening behind the scenes. Dave will explain exactly what is (and isn’t) impacting the housing market, what changes led to the state we’re in, and four scenarios that could play out in 2023 that might put a nail in this theory’s coffin. Betting on the housing market bottoming out? We’d suggest hearing the full story before you make your next investment. In This Episode We Cover Why top housing market forecasters believe that the housing market has found its bottom Mortgage rate updates and why interest rates are falling while the Fed introduces more rate hikes Housing affordability and why we may be moving away from the record-breaking unaffordability of late 2022 Mortgage applications and why homebuyers have decided to come back in 2023 Housing inventory and why more listings and longer days on market could suggest we aren’t through a correction just yet The four scenarios that could play out in 2023 (and which is the MOST likely) And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Altos Research Goldman Sachs Mortgage Bankers Association WSJ Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-82 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market has entered into a new era never measured before. As of a recent update from Moody’s Analytics, the rent-to-income ratio across the US has reached an average of 30%. And while this may not seem like a big deal to casual investors, it has wide-reaching implications that could cause the housing market to move in different directions. This is the first time a rent-to-income ratio has hit this high percentage point, which could spell bad news for landlords. Lu Chen and Thomas LaSalvia from Moody’s Commercial Real Estate division are joining us to explain the entire story behind the data. They have been closely monitoring the steadily rising rent prices for decades. With pandemic-fueled migration, Lu and Thomas both believe that we’re living in one of the most troubling times for renters. But how did this come to be? With massive housing development across the nation, what’s causing rents to remain so high? The answer isn’t what you might expect. Lu and Thomas have seen developers shift focus to certain housing types, leaving much of the middle class in a rent squeeze. This “missing middle” could explain why so many families are paying a solid portion of their income to rent every month. But with reasonably priced rentals becoming a hot commodity, what can landlords do to ease the burden and open up more housing for those who need it most? And where will rent head next after it’s broken through this previously unshatterable ceiling? Tune in and find out! In This Episode We Cover Housing affordability and why America just crossed into “rent-burdened” territory  The “ecosystem effect” and how pricier developments hurt the middle class Housing demand and why work-from-home hotspots put strain on the system  Housing markets where rent is declining and the rent-to-income ratio is weakening  Where Americans are moving to and why some millennials are staying away from the suburbs   Real estate development and which housing types are getting built  Comparing today’s rent crisis to 2008 and why a housing correction doesn’t always equal a rent crash  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Moody's CRE Website Key Takeaways from 4th Quarter Connect with Lu and Thomas: Lu's Email Thomas' Email Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-81 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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

Your real estate investment’s returns could be ruined by a few hidden costs that you don’t know about. For the rookie real estate investor, it seems like every investment has the same type of expenses; mortgage, taxes, insurance, repairs, and property management. And while these surface-level expenses are almost always present in a real estate deal, NUMEROUS extra expenses could sink your ship if you don’t include them in your deal analysis. So, stick around, or you might get burnt on your next real estate deal! To walk us through the different types of deals and the expenses that come with them, we’ve got Henry Washington, James Dainard, and Kathy Fettke on the show. Henry, a buy and hold investor, knows that the “cash flow” new investors are calculating is far from reality. He highlights the exact expenses it takes to run a rental property portfolio and why those counting on self-management could be making a MASSIVE mistake. Next, James talks about the often over-glamorized world of flipping houses and the massive haircut investors take when they don’t account for closing, construction, and tricky lending fees. Finally, for our passive investor, Kathy goes into the world of real estate syndications, defining the numerous fees many “mailbox money” investors overlook. In fact, investors in these passive deals often don’t know when (or how) they’re getting paid. You DO NOT want to make this mistake! Stick around to hear it all, so you don’t make these beginner blunders next time you get a deal done!  In This Episode We Cover The “hidden” fix and flip, buy and hold, and real estate syndication costs Lending fees, penalties, and the BIG cost of borrowing money Seller concessions and what to expect in a buyer's market like 2023  Raising rent and why not doing so could be a huge mistake when building a portfolio Self-management vs. third-party property management and why you ALWAYS need to factor in a fee Real estate syndication payments explained and why so many investors get it wrong  The “4-4-4” housing market prediction and whether it could really come true  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram James's BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profle Kathy's Insatgram Books Mentioned in the Show The Book on Estimating Rehab Costs by J Scott The Book on Managing Rental Properties by Brandon and Heather Turner The Hands-Off Investor by Brian Burke Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-79 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The multifamily crash is well underway! But is now the time to buy? If only you could see where top investors are parking their cash during this wild house market. Well, today, you can! We’re back with another Deal Breakdown, where Henry Washington, James Dainard, and Kathy Fettke break down the deals they’re doing in February of 2023. And while the news may be highlighting a “doom and gloom” type of real estate market, we know from first-hand experience that there is still money to be made in today’s housing market! Kathy is back in her love-hate relationship with new builds as she makes a SERIOUS investment in the beautiful ski town of Park City, Utah. The view alone at this property was enough to sell her on the high price. Next, Henry shares his “base hit” off-market real estate deal with a slew of exit strategies that’ll make him money, no matter what. Lastly, James is going hard on the multifamily housing crash, tackling a multi-million dollar deal that could have an eight-figure sales price once he’s done with it! Want to hear how these top investors are finding, funding, and profiting from their real estate deals in 2023? Stick around! And, if you haven’t been to the grocery store, gas pump, or lumber yard in a while, we play a post-inflation pricing game to see how high-priced everyday commodities have gotten. We won’t give away the answers, but we can definitely say that omitting omelets from your diet could save you some serious cash! In This Episode We Cover Inflation’s effect on everyday commodities and how high prices have gotten Investing in new construction and the massive financial upside to buying the right property Why you should search for “base hit” deals that give you MULTIPLE options to exit profitably  Wholetailing vs. wholesaling and when to use each of these off-market strategies  Price over profit and why buying a great deal should be your top concern when investing  Capitalizing on the multifamily crash and how cap rates are helping buyers scoop up apartments at a steep discount  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram James's BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profle Kathy's Insatgram The Multifamily “Bomb” is About to Blow, Here’s What You Need to Know Learn More About Inflation with Trading Economics Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-78 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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

Who’s buying real estate? Maybe you are, maybe your friend is, but what about NFL players? Most casual fans would assume that getting paid millions of dollars a year would ensure a long-lasting retirement, but this isn’t always true. For many professional athletes, you’re constantly living one injury away from having no income. If, like many newly-signed pros, you splurge your first few years of checks, you could enter into retirement flat broke without any of the millions you earned. This is the exact opposite of what Cliff Avril and Devon Kennard did. They knew that their career earnings started ticking away the second they stepped onto the field, so they made moves to protect their wealth in other ways. Although numerous financial advisors told them to play it safe with index funds, REITs (real estate investment trusts), or other more “passive” investments, they decided to multiply their active income by investing heavily in real estate. And, even during an economic downturn, these two financial powerhouses are still investing, trying to maximize their dollar as much as possible. In this episode, we chat with Cliff and Devon about syndications they’ve invested in, how they’re staying up-to-date in today’s wild housing market, where they’re investing, and why they picked real estate over all the other assets. You don’t need to be a pro football player to take these lessons to heart, so stick around because this episode is bound to make you wealthier! In This Episode We Cover Why so many professional sports players choose real estate as their chosen investment  Real estate vs. stocks, index funds, REITs, and other more “passive” investments  Real estate syndications and how to vet the operator who’s running the deal  Investing during a recession and how Cliff and Devon are reacting to this changing market  The “core four” every real estate investor needs in a property market  Normalizing the investment conversation and making sure your circle is building wealth together  The similarities between running a play and buying a rental property  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram James' BiggerPockets Profile James' Instagram Connect with Devon & Cliff: Cliff's TikTok Cliff's Instagram Devon's BiggerPockets Profile Devon’s Book Devon's Instagram Devon's Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-76 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The US debt ceiling has been hit; what happens next could send ripples through the economy. But is now the time to panic? Or is there still time to solve this situation? With the US economy relying so heavily on borrowing, the prospect of being unable to pay back its debts could come with a series of “catastrophic” consequences. Higher mortgage rates, a market crash, and an even harsher recession could be on the horizon. But what’s the likelihood of this happening? And are we really on the cusp of a debt debacle? We brought on Sarah Ewall-Wice, Washington D.C.-based reporter, to help explain what is happening with the US debt limit. Sarah knows that many Americans are used to these types of debt ceiling congressional debates, but most people don’t know the impact these could have on their wealth, investments, and society as a whole. With COVID spending forcing the government to pay for even more, the debt ceiling has reached an almost unimaginable $31 trillion. Sarah describes what would happen if the US defaulted on its debt, the programs that would be impacted the most, what republicans and democrats both want in their upcoming debates, and what everyday Americans can expect to happen over the coming months. Dave and Sarah also discuss the “trillion dollar coin” method, which could end the US’s debt quite quickly, while simultaneously acting as the most comical government bailout plan to date! In This Episode We Cover The US debt ceiling explained and why the government could raise the limit yet again COVID’s effect on government debt and how spending was ramped up during 2020  The “extraordinary measures” that the treasury is putting in place to keep the government afloat  What happens if the US defaults on its debt and the severe consequences for investors  Which social programs will be hit the hardest if a default happens Market crashes, mortgage rate increases, and other effects we could be in for The “trillion dollar coin” method and whether money-printing is the answer  What republicans and democrats really want and why they’re fighting for it   And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram The 2023 State of Real Estate Investing Report Connect with Sarah: Sarah's Twitter Sarah's Instagram CBS News Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-75 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

With assumable mortgages, you can snag a three percent interest rate even in 2023’s high-interest environment. These loans exist everywhere around you—you could be sitting on an assumable loan without even knowing it! So, if there’s a way to pick up properties at all-time low-interest rates, why isn’t everyone taking advantage of assumable mortgages? We brought Craig O’Boyle from Assumption Solutions on to the show to explain. Assumable mortgages aren’t new, but most real estate agents, loan brokers, and homebuyers have no idea what they are. In practice, an assumable mortgage allows a homebuyer to “assume” a seller’s loan with the same interest rate, contingencies, and principal paydown as the seller. This means you can walk into a home with significant equity, a low-interest rate, and the same fix-rated loan you’d be picking up from a bank. But, if you want an assumable mortgage, you’ll need to know where to find one. Craig walks us through the ins and outs of assumable mortgages, where investors can find one, why most mortgage lenders and brokers don’t know about them, and one BIG caveat you’ll need to hear before you chase down this better financing. Want a lower rate and monthly payment with higher cash flow? Stick around; we’ll give you everything you need to know to find a low-interest assumable loan in your area! In This Episode We Cover Assumable mortgages explained and why a bank would allow a buyer to assume a loan Assumable loans vs. subject to and how one strategy is far riskier than the other  Fees you can expect to pay when purchasing a property with an assumable mortgage  House hacking and using assumable loans to profit off your primary residence  The three types of loans that can be assumable (and others that WON’T work) The “assumption gap” and money you’ll need at closing to get the deal done  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Jamil's BiggerPockets Profile Jamil's Instagram Jamil's YouTube Subject To Real Estate Explained Connect with Craig: Craig's Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-74 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The new housing market is here, and with it comes a whole new set of real estate investing rules. Now, appreciation isn’t a given, flipping can flop, and good multifamily deals are one in a dozen instead of one in a million. This type of market can be dangerous for new real estate investors, but it can also be a massive opportunity for those who want to play the game the right way. So, please don’t ask the newly-rich gurus what their advice would be; turn to the decade-long players who have survived crashes, come back stronger, and know which deals are worth getting done. In this episode, we’ll go through the “2023 State of Real Estate Investing Report,” written by your data and sandwich savant, Dave Meyer. This report presents a window into what could happen in 2023, where the housing market stands now, and how investors can react to build real estate riches. Henry Washington, Jamil Damji, and Kathy Fettke give their own housing market predictions for the next year and prove cash is king, why on-market deals are the way to go, and how investing in “hybrid cities” can make you both equity and cash flow rich. The On the Market team will also give their thoughts on the potential commercial real estate crash that could happen in 2023. This type of movement in real estate affects all investors. Knowing about it beforehand can help you not only make money on killer deals but also help you avoid buying a property that may nosedive in value after buyers exit the market. So if you want the best data on real estate investing for 2023, this is the place to be! In This Episode We Cover The “new housing market” that’s forming and how investors can take advantage Why cash is king and how low competition and high rates can help you buy rental property steals Why “buying deep” combined with seller financing can make you a killing in 2023 Whether house flips will flop in 2023 and how inexperienced investors could get burnt The “hybrid cities” that offer investors cash flow AND appreciation in one place Commercial real estate and the multifamily price crash that could be on the table in 2023 And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram The 2023 State of Real Estate Investing Report On The Market Podcast 65 with Ben Miller (Liquidity) On The Market Podcast 71 with Brian Burke (Multifamily Crash) BiggerPockets Real Estate Podcast 721 with Scott Trench (BiggerPockets CEO)   Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-73 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

House flipping was almost a guaranteed win in 2020 and 2021. With home prices steadily rising and interest rates dropping, throwing on a new coat of paint was often enough to make a six-figure profit on what would otherwise be a basic home. House flippers got accustomed to doing quick jobs while walking away with almost unbelievable returns. But, many of them got overconfident. Now with the housing market in a correction and the US on the edge of a recession, flippers find themselves with inventory no one wants to buy. But, this isn’t the case for every flipper. The time-tested expert investors knew that this would happen, and as a result, they’re still making a killing on their flips. Some of these flippers are joining us on the show today. As always, we’ve got Seattle-based superstar, James Dainard to give his multiple-decade-long take on house flipping. And, joining as new guests are Dominique Gunderson, New Orleans-based flipper, and Leka Devatha, luxury flipper and one of James’ favorite buyers!  These three house flippers operate in very different ways. James touches on multi-million-dollar luxury flips and multifamilies, Leka focuses more on high-end yet still affordable flips and Dominique provides high-quality housing at a reasonable price for residential buyers down south. These are three flippers who have NOT let the market change their business plans, and because of some smart moves (which they share on today’s episode), they’re still sitting pretty and getting deals done, even as the market starts to slide.  In This Episode We Cover Inflation rate updates and some good news for investors How 2022 took many flippers by surprise and put inexperienced investors out of business Labor and material cost updates and why flippers are still running into inventory problems The risk behind flipping and whether or not high interest rates makes make it worth it Tips for new flippers who want to get into the market without getting burnt The danger of not diversifying and how sticking to one asset class can destroy your wealth 2023 house flipping predictions and how to protect your wealth if home prices tumble even further And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram James' BiggerPockets Profile James' Instagram Project|RE Real Estate Investing with James Dainard Rehabit Homes BiggerPockets Podcast 587 with Dominique BiggerPockets Podcast 390 with Leka Connect with Dominique & Leka: Dominique's BiggerPockets Profile Dominique's Instagram Leka's BiggerPockets Profile Leka's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-57 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Short-term rentals have had a serious run over the past two years. As soon as interest rates dropped, everyone decided that buying a vacation rental or second home was the best move to make. This led to a surge in short-term rental investments across the US, as hosts began to almost outnumber guests. Now, vacation rentals are seeing a dramatic slowdown while a recession starts to shape, as Americans are less concerned about taking vacations and more about keeping their jobs. So where is the vacation rental market headed? Were short-term rentals just a short-lived fad that could fade out faster than it took to be born? Or, is this a mere blip on the radar of vacation rentals, as guests still prefer hosts over hotels? We brought on Avery Carl, Jenny Yi, and Tony J. Robinson, three experienced short-term rental investors, to walk us through exactly what is happening in the market, what moves they’re making, and advice for getting through a recession. We also talk about short-term rental regulations, which, surprisingly, many of the expert investors are in favor of. They speak on the saturation of “blue chip” vacation markets, and how some sleepier towns offer much better prospects for profit than the vacation markets most Americans know and love. If you own a vacation rental, plan on buying one, or just like staying at them, this episode gives you in-the-field opinions that most hosts won’t admit.  In This Episode We Cover Who’s hurting and who’s thriving as the short-term rental market starts to lag How to identify new markets that have low competition and high tourism potential Short-term rental regulations and why it isn’t all bad news for hosts How a 2023 recession could affect vacation rentals and vacation spending Advice for new hosts as bookings and revenue starts to decline during a downturn Vacation home price drops and whether or not this type of real estate is more vulnerable than the rest And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Real Estate Rookie Podcast Tony’s Video on Short-Term Rental Recession Data Book Mentioned in the Show Short-Term Rental, Long-Term Wealth by Avery Carl Connect with Avery, Tony, & Jenny: Avery's Instagram Avery's BiggerPockets Profile Jenny's Instagram Tony's Instagram Tony's BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-56 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Inflation may have just peaked. And with it, mortgage rates could come crashing down sooner than economists expect. But what would cause a scenario like this, especially as the Federal Reserve continues to bombard Americans with higher and higher interest rates? And, with supply chain shortages abound, how do we know that inflation won’t boomerang back in 2023, creating an even worse problem than before? Stick around. Dave has the answers. For the past year, Americans have dealt with high inflation rates and the crushing weight of purchasing power declining. Food, energy, electronics, and most importantly, housing, have skyrocketed in price. To tame this economic beast, the Fed unleashed a series of almost unimaginable rate hikes, slowing down homebuying, borrowing, and business building in the process. This was part of the plan, and we’re just now seeing the effects of these high rates on inflation. But what will happen once inflation numbers start to cool? Will the Fed suddenly lower interest rates and turn the housing market tap back on again? Will droves of homebuyers get back into the market, causing the same amount of competition that high rates were supposed to solve? Assemble your post-thanksgiving sandwich, plug in, and get ready for some up-to-date data drops from Dave Meyer. In This Episode We Cover November's latest inflation rate updates and some good news for the American economy The three reasons why inflation could start to dramatically drop in 2023 How a global recession could foil the Fed’s plan and shoot rates back down Whether or not mortgage rates will reverse once the Fed hits their target inflation rate How the ten-year treasury yield almost identically maps mortgage rates China’s lockdowns, Russia’s invasion of Ukraine, and other global events that shocked the supply chain  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram 2023 Mortgage Rate Outlook—You Won’t Believe What Could Happen The Fed’s Plan for Future Interest Rates Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-55 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

BRRRR investing, house flips, five-figure rental properties, and silicon prairie dogs are all part of this On the Market episode. We asked our panel of expert guests to bring in some of the juiciest deals they’ve been doing so we can compare and contrast which real estate investing strategies are working best in today’s housing market. Surprisingly, even with this panel of investing all-stars, we’ve got deals and steals costing only $70K, but also home-run rentals in the seven and eight-figure price points. But this isn’t just a bragathon—our expert guests walk through exactly how they picked up these insane deals for cheap, the strategies they’re using to cash flow from day one, and how they’ll use their tax benefits to pay for the next round of real estate deals! If you want to know how to make six-figures worth of equity for free, build a “bulletproof” BRRRR strategy, or ensure you turn a profit on your next real estate deal, this is the episode to listen to! We also take a question from the On the Market Forums concerning rent raises and how to price your rental property. It can be tempting to set your rental price at an all-time high rate, as renter demand skyrockets. But, this could lead to unintended consequences that could not only hurt your property but bombard you with headaches from a future tenant. We’ll give tips and tricks on the best way to get around this! In This Episode We Cover Four killer real estate deals from our expert guests and how you can copy their strategies for the same results Where to find cheap rental properties that will cash flow even in today’s market Real estate exit strategies and three different ways to ensure a profit on your next deal Large multifamily investments and why the tide may have already turned for sellers Short-term rental investing and walking into six-figures worth of real estate equity immediately after purchase How to price your rental property so you don’t suffer vacancy OR get the wrong tenant And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Jamil's BiggerPockets Profile Kathy's BiggerPockets Profile Dave’s Instagram Henry's Instagram James' Instagram Jamil's Instagram Kathy's Instagram Book Mentioned in the Show Real Estate by Numbers by J Scot & Dave Meyer Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-54 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Knowing how to invest during a recession is what separates the good from the great investors. Most veteran real estate investors know that during downtimes, the lucky landlords get swept away while the intelligent investors start to pad their pockets with deals others are too scared to take. This is both an opportunity and learning experience for all the listeners who are waiting to get their first, or next, real estate deal. Now may be one of the best times to strike! But we don’t have Dave leading the charge this week. Jamil Damji, an investor who made millions during the last housing crash, is here to share five of the best ways to build wealth during an economic downfall. Jamil uses this show to test all of his theories with our expert guests as he double-checks if his tips are truly being used by the masters of multifamily, house flipping, buy-and-hold, and more. Whether you have zero rentals, ten, or three hundred, this episode will give you everything you need to start hitting future home runs with the deals you do today. None of these strategies are too complicated for any investor, and all of them work in today's market. These are the buying opportunities we’ve been waiting for!  In This Episode We Cover Why “buying deep” and padding your pro forma can create huge profit potential in deals bought today  Getting creative with your financing and funding of real estate deals to buy more for less How to hold on to properties even with high interest rates and declining home values  Who to negotiate with to get foreclosures and short sales for pennies on the dollar  Partnering with other investors to raise money for deals too good to pass up  Building your buyers list and why now may be one of the best times yet to wholesale real estate And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel On The Market Podcast 31 with John Burns On The Market Podcast 17 with Rick Sharga 3 Reasons to Invest in Real Estate During a Recession Dave’s BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Jamil's BiggerPockets Profile Kathy's BiggerPockets Profile Dave’s Instagram Henry's Instagram James' Instagram Jamil's Instagram Kathy's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-53 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Cap rates affect multifamily investing more than most investors come to realize. If you’re in the commercial real estate space, you know that as cap rates decrease, price points for apartment complexes increase. And, as cap rates start to expand, multifamily prices begin to dwindle. With rising interest rates and high labor/material costs, the multifamily market should see a decline in property valuations. But that isn’t what’s happening. Behind the scenes, a group of investors is unknowingly keeping this multifamily boat afloat, artificially inflating cap rates and keeping prices at record highs. The problem? This makes average asset prices skyrocket to almost unaffordable levels, ruining the playing field for any investors who can’t outright buy a multi-million dollar property in cash. Ashley Wilson, experienced multifamily investor, calls this the “cap rate con” and blames much of today’s high multifamily pricing on it. Ashley is a veteran real estate investor with a decade and a half of experience. She’s been investing in large multifamily housing since 2018 and is shocked at what’s happening today. This “multifamily madness” is affecting investors across the board, and she’s convinced that it must come to an end. But what’s causing these inflated prices? How are multifamily investors reacting? And is there still space for the new investor to make money? You’ll have to tune in to find out! In This Episode We Cover How a pandemic-fueled buying spree massively inflated multifamily housing cost 1031 exchange investing and how “all cash” buyers are damaging the system The “cap rate con” leading to surging property price hikes without reasoning How to evaluate a multifamily investment property in three different ways Advice for passive real estate investors and those investing in syndications Whether or not a wave of multifamily defaults is on the horizon And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram James' BiggerPockets Profile James' Instagram Book Mentioned in the Show The Only Woman in the Room by Ashley Wilson Connect with Ashley: Ashley's BiggerPockets Profile Bar Down Investments Apartment Addicts Ashley's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-52 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market has shown homebuyers both fierce love and abuse throughout 2022. At the start of the year, offering anything other than twenty thousand above asking was seen as an insult to a seller. Now, the seller is offering you a foot massage on your way into their open house. But we’ve known about this for months. Rising rates paired with home prices that are still (arguably) too high have made homebuyers think twice about buying in the first place. But is this true in every real estate market? We brought on two agents, both in very different markets, to get their take on whether or not the housing market has finally flipped. Niyi Adewole, Atlanta-based investor and real estate agent, spent the last couple of years helping himself and his clients build bigger portfolios. Ryan Blackstone, northwest Arkansas-based investor and realtor of our very own Henry Washington, has seen buyers start to bounce from his market, but not close to as fast as most would expect.  Both these expert agents share exactly what’s happening in their real estate market and how buyers, sellers, and investors should prepare if they want to make moves in the next year or two. While Niyi and Ryan have different clientele, they’re coming to the same conclusions about where the housing market is headed, with extremely useful advice no matter where you stand right now.  In This Episode We Cover In-the-field advice from top agents in two hot housing markets How buyers have taken control, and the concessions sellers are willing to make Price drops, cheap labor, seller credits, and more good news for buyers Whether or not buyers are dropping off as unaffordability spikes  Days on market, active inventory, and other important metrics to pay attention to Buying in down markets and why now may be the best opportunity to strike And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram Connect with Niyi and Ryan: Niyi's BiggerPockets Profile Ryan's BiggerPockets Profile Niyi's Instagram Ryan’s Real Estate Team Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-51 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Self storage investments aren't sexy. Most investors wrote them off for decades, with many of them not even considering self storage as true real estate. As more facilities were being built in the 1970s and 1980s, average investors looked down on self storage operators, seeing them as nothing more than owners of some concrete and metal. And who could blame them? Apartments, hotels, and other popular real estate ventures had proven track records, industry-specific technology, and a true “need” in the market. It wasn’t until after 2008 that this perception completely changed. AJ Osborne, one of the largest self storage operators in the world, built his business at a time when no one wanted to touch self storage. But, as his portfolio grew and the industry turned around, more and more investors saw self storage for what it was: a low-risk, high-cash flow real estate investment. But now, with self storage hitting its all-time high in popularity, could the market slowly be getting saturated? AJ has theories about who will and won’t get burnt over the next few years. His strong opinion on this industry is backed by a massive amount of expertise that few can rival. AJ, unlike many of his competitors, does NOT think that self storage is “recession-proof,” but he does still think that investing in this asset correctly, especially now, could be a game changer for any investor interested in a life of financial freedom. In This Episode We Cover AJ’s journey from insurance salesman to full-body paralysis and later self storage king Why self storage is a misunderstood asset that most investors dismiss too easily The explosion in self storage since 2008 and why Americans are storing more than ever before Commercial financing and what banks want to see when buying a self storage facility Whether or not institutional investors could own the entirety of the self storage industry in the near future Location, lighting, design, and other aspects that make a facility high demand  AJ’s advice for brand-new investors trying to get started in self storage investing And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram James' BiggerPockets Profile James' Instagram BiggerPockets Podcast 286 Connect with AJ: AJ's BiggerPockets Profile AJ's Instagram AJ's Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-50 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Landlords got used to rent prices growing every month. As home prices rose and affordability shrank, more landlords took steps to secure their cash flow by increasing rents by sometimes ten, fifteen, or even twenty percent. And, with inflation stronger than ever, most renters would be willing to pay for it. But, a reversal is happening in the housing market—one that many landlords aren’t prepared for. Our data-first duo of Dave and Kathy are back on the show today to have a one-on-one debate over what’s causing rent prices to drop. Kathy, who has invested in numerous market cycles, knows a thing or two about what causes rents to dry up, and when we can expect growth to come back. Surprisingly, even large investors like Kathy welcome this change in rent direction. Her team has been expecting this for quite some time now! Dave also brings in some high-value data this week to show which housing markets are seeing the most dramatic drops in rent and which are seeing double-digit growth even as the economy starts to stall. Finally, Dave and Kathy touch on multifamily’s vacancy dilemma and why there are contradictory opinions on where apartment investments could head next. If you collect rent, pay rent, or want to make cash flow, this data is crucial to you! In This Episode We Cover What caused rent growth to increase so much over the past two years How the federal reserve manipulated the housing market to cause high home prices coupled with higher rents Why rents are starting to slow down and a hint at why many landlords aren’t so worried  The real estate markets that are seeing the worst and best rent growth in America  Our continuous supply and demand problem and why millennials have been forced to pay high prices  Multifamily rental data that could spell out a dream or disaster scenario for apartment investors  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Kathy's BiggerPockets Profile Kathy's Instagram Hear Our Interview with Multifamily Expert, Caitlin Sugrue Walter Grab This Week’s Data Drop Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-49 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s housing market has a lot of people scared, and investors are worried as well. Home prices are starting to slump, inflation is hitting decade-long peaks, and interest rates have turned everyone’s cash flow cushions into break-even deals at best. Is there any respite in the wild real estate market? And why do top investors seem so excited about it?  We’re back on another correspondents episode of On the Market, where Professor Dave has asked students Henry, James, and Kathy to bring in their favorite real estate market news for show-and-tell. These stories hit different aspects of the housing market, showcasing the cracks forming in the overall economy and what investors need to be prepared for to react. We talk about how home flips are being discounted across expensive coastal cities, why rent price growth is starting to stall, and how buyers got their negotiation power back. We’ll also be touching on the recent inflation data, showing that we have a long way to go until we return to the good ol’ days of two-percent price growth. Then, we take a request from the On the Market Forums where we answer an age-old question: When should you sell a BRRRR property? All this, and more, coming up on this week’s data-first housing market deep dive!  In This Episode We Cover Another nasty inflation report and what this could mean for the housing market Why flips are becoming riskier in today’s volatile market and how to prep for a profitable flip Rent growth data and which markets as seeing the strongest (and weakest) rent growth numbers in the nation Why buyers are asking for more repairs, bigger seller concessions, and lower prices When to sell a BRRRR property and using cash-on-cash return vs. ROE (return on equity) Fool-proof deal analysis and why investors need to be careful buying in 2022 and 2023 And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram NPR Price Drops Redfin Rent Growth USA Today Punch List Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-48 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

US housing markets have started to shift. The massive run-up in home prices eventually led us to high interest rates, high inflation, and a generation of renters who can’t afford to buy, even with price cuts. This should come as no surprise, as Moody's Analytics estimates that some eighty percent of real estate markets are overvalued. Of those markets, where are the opportunities to invest the highest as prices naturally start to decline? Instead of speculating, we brought Cris deRitis, Deputy Chief Economist at Moody's Analytics, onto the show to explain why this is happening, what his team is forecasting, and how investors like us can stay prepared. Cris and his team diligently look through data to predict how the housing market will move. He knows that it’ll take time for the market to finally reach equilibrium again. But, unfortunately, this may not happen any time soon. Cris’s team is focusing on looking at a few things: demographics, supply, and demand. Each influences the others severely and leaves hints at where the housing market is headed next. Dave and James tag-team this episode, touching on whether US housing will become even more unaffordable, long-term home supply predictions, affordable housing, and a demand drop-off that could end real estate investing over the next decade. In This Episode We Cover Overvalued housing markets and why most homes in the US aren’t worth the price How to forecast housing market movements and the most important factors to look for Whether or not the US will end up like other countries with astronomical home prices  Home price drops and how bad it could get in the most overvalued cities Which real estate markets will still see price growth in the coming months/years The myth of affordable housing and why everyone (and no one) wants to build it Population drop-offs, demand shifts, and other future events that could kill the housing market  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram James' BiggerPockets Profile James' Instagram Book Mentioned in the Show Real Estate by Numbers by Dave Meyer & J Scott (Use Code “DAVE” For 10% Off!) Connect with Cris: Cris' Email Cris' LinkedIn Cris' Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-47 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The 2023 housing market predictions are here. We heard you in the forums, the comments, and all over social media. We know you want Dave, the data man, to give you his take on what will happen over the next year. Will housing prices fall even more? Could interest rates hit double digits? And will our expert guests ever stop buying real estate? All of this, and more, will be answered in this week’s episode of On The Market. Unfortunately, Dave threw his crystal ball in with his laundry this week, so he’s relying solely on data to give any housing market forecasts. He, and our expert guests, will be diving deep into topics like interest rates, inflation, cap rates, and even nuclear war. We’ll touch on anything and everything that could affect the housing market so you can build wealth from a better position. We’ll also discuss the “graveyard of investment properties” and how one asset class, in particular, is about to be hit hard. With so much affecting the overall economy and the housing market, it can be challenging to pin down exactly what will and won’t affect real estate. That’s why staying up to date on data like this can keep you level-headed while other retail homebuyers run for the hills, scared of every new update from the Fed. Worry not, this episode is packed with some good signs for investors, but also a few worrisome figures you’ll need to pay attention to. In This Episode We Cover The most important variables that could impact 2023’s housing market  Which asset class will be hit hardest by price cuts and where investors can find deals Inflation, bond rates, and how the federal funds rate could impact homebuying Housing price predictions for 2023 and how far home prices could slide The seller’s vs. buyer’s market and how brand new investors can take advantage Whether or not cap rates will start to increase even as inflation pushes rents higher And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Reviewing Dave’s 2022 Housing Market Predictions Hear Our Predictions from Earlier This Year Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-46 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Finding cash flow isn’t easy, especially with rising interest rates, high home prices, inflation, and an economic crunch on everyday investors. Where is the best place to park your cash while riding out today's economic unfolding? Some say vacation rentals—the highly popular (and even higher cash-flowing) real estate strategy many new investors have adopted. But what about medium-term rentals? They’re a cross between regular rental properties and short-term rentals, marketed mainly to traveling professionals, travel nurses, and digital nomads. How is this under-the-radar strategy faring? Unfortunately, we can’t ask Dave this question. But, we can ask Sarah Weaver and Zeona McIntyre, two financially free medium-term rental experts and authors of the new book, 30-Day Stay. Zeona, a former short-term rental fanatic, changed her strategy after finding that medium-term rentals provide similar cash flow with far less work. Sarah Weaver, investor and real estate coach, lives her nomadic lifestyle thanks to a portfolio of high-performing medium-term rentals. The most attractive thing about this strategy is that it can work almost anywhere, in less expensive homes, with far less work necessary. That means you get to keep traveling, investing, or whatever you like to do best, while your rental properties quietly pump out passive income. In this episode, you’ll hear all about this extremely lucrative strategy, how today’s housing market is affecting it, and what you can do to set your medium-term rental apart from a sea of others. In This Episode We Cover The medium-term rental strategy explained and in which markets it works best Medium-term rentals vs. short-term rentals and the differences you can expect in cash flow, occupancy, and property price How high inflation and limited discretionary spending will affect the medium-term rental market  The hands-off management style medium-term rentals provide investors Furnishing your rentals for cheap and how to have a headache-free setup Rental regulations and how new laws could affect medium-term rental investors And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Kathy's BiggerPockets Profile Kathy's Instagram Furnished Finder Stats Book Mentioned in the Show 30-Day Stay by Sarah Weaver and Zeona McIntyre (Use Code “SARAH” or “ZEONA” for a discount) Connect with Sarah & Zeona: Sarah's BiggerPockets Profile Zeona's BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-45 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Dollar-cost averaging is advice we’ve all been given. But, during a crash, or even a dip, it can be enticing to throw all your savings into an investment with hopes that it’ll quickly skyrocket back up. Is this a smart move, or would this ruin the “consistent investing” advice altogether? To help clear things up, we’ve brought on Nick Maggiulli, author of Just Keep Buying: Proven ways to save money and build your wealth.  Nick, just like Dave, has been a spreadsheet freak for a long time. They bond over their love of data and how looking at the numbers can help you make much better investing decisions. In a time where FOMO-investing, financial freak-outs, and anxious feelings toward inflation run rampant, Nick provides some soothing words on how any investor in any asset class can successfully start building wealth with little-to-no effort. Dave, Nick, and expert guest Henry Washington also riff on REITs (real estate investment trusts), real estate investing, and advice for new investors. Whether you prefer stocks, bonds, rental properties, crypto, or a mix of all four, this episode will provide some much-needed advice for you to make it through the recession with far less stress. In This Episode We Cover Dollar-cost averaging and whether this investing strategy works for real estate FOMO investing and why so many people buy at the top  The two different definitions of dollar-cost averaging and which is the better bet  Investing during an economic crash and how even uninformed investors can make money Advice for brand new investors and why now may be the best time to invest And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram Books Mentioned in the Show Real Estate by the Numbers by Dave Meyer and J Scott Just Keep Buying by Nick Maggiulli Connect with Nick: Nick's Website Nick's Twitter Nick's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-44 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Gen Z, the generation just on the cusp of homebuying age, may not have a chance to buy homes in the first place. For years, we’ve heard how millennials have been struggling to buy homes—but what about the generation behind them? With rising affordability issues, wages that won’t match inflation, and a recession on the horizon, will this newest generation ever be in the clear to become homeowners? Or, will they become the largest generation of renters the world has ever seen? In today’s episode, Dave breaks down the data behind the demand, showing where Gen Zers are heading, what they’re buying, and whether or not they even want to buy homes at all. This data highlights significant differences in where renters/homebuyers of this generation are moving. Landlords, pay close attention—buying in any of these high-demand cities could mean steady rent checks for years to come. We also chat with twenty-four-year-old investing mogul, Soli Cayetano, a Bay Area-based investor who grew her portfolio entirely out-of-state. Soli, being one of the oldest Gen Zers, has insight into why some of her peers will/won’t be buying homes anytime soon. She also gives some stellar advice to new or young investors just getting into the rental property game. In This Episode We Cover Whether or not millennial housing demand is peaking and how household formation is changing Gen Z’s outlook on homeownership and why many are choosing to rent The top cities where Gen Z renters and homebuyers are moving to Home affordability and why it may stop Gen Z dead in their tracks The easiest way for Gen Z to begin investing in real estate (low money down!) Starting and scaling an out-of-state rental property portfolio  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Yardeni Demographic Data Rocket Homes moveBuddha NYT/CommercialCafe Book Mentioned in the Show Real Estate by the Numbers by Dave Meyer and J Scott Connect with Soli: Soli's BiggerPockets Profile Soli's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-43 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Commercial real estate isn’t the sexiest asset class out there. With industrial, office, and warehouse buildings, most investors are enticed by single-family homes, duplexes, triplexes, and other “traditional” types of real estate. But in a recession, these may not be the best asset classes around. J Scott, author, investor, syndicator, and the godfather of flipping, thinks these often overlooked asset classes could be primed to explode in value over the next few years. Welcome to On the Market, where familiar faces Dave Meyer and Henry Washington invite J back to the show to talk about inflation, interest rates, and the best real estate opportunities around. We also talk about the importance of knowing how to analyze deals during times like these, as price drops could allow you to build wealth far faster than ever before. If you’re still new to real estate, waiting to get your first deal, or want to build your portfolio to greater heights, grab Dave and J’s new book, Real Estate by the Numbers, where they go into factors behind the formulas. In this episode, we debate single-family homes vs. large multifamily and commercial investing, how to go beyond the numbers, and the crucial questions to ask when buying or selling a real estate deal. Plus, you’ll peak into the minds of one of the most successful real estate investors around, whose track record speaks volumes, and hear exactly what he’s buying in this market. In This Episode We Cover Why many real estate investors are choosing to sit on the sidelines as interest rates rise Whether or not the housing market will change as the recession becomes real  The long-term and short-term investment opportunities for real estate investors Investment property niches and which have the highest ROI in today’s housing market Are single-family homes still worth buying, or are they far too overpriced? How to avoid the trap that 95% of real estate investors fall into And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram Book Mentioned in the Show Real Estate by the Numbers by Dave Meyer and J Scott (Use Code “DAVE” or “JSCOTT” for 10% Off) Connect with J: J's BiggerPockets Profile J's Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-42 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The 2020-caused supply chain shortage went from bad to worse over the span of just a month. By the summer of 2020, builders were facing massive delays, a lack of labor, and material prices that made new homes look almost comically unaffordable. Lumber skyrocketed in price, basic building materials sat on ships for weeks, even months at times, and subcontractors left to get paid more by working for themselves. Is this nightmare finally over for the new construction industry? Joining us today is build-to-rent expert Chris Funk from Southern Impression Homes. Chris got into real estate investing around the same time as the last crash. He was buying foreclosed homes off the courthouse steps, then later built a property management company and a new development company he still owns and operates today. He realized that buying new build homes as rental properties significantly reduced his maintenance and management costs, without adding too much of a price premium. Now, he’s working with investors across the nation to offer new-build quality at regular residential pricing to those who want a headache-free investing experience. But Chris doesn’t just supply the homes, he also works with investors to get property management set up from day one, so it’s as turnkey as can be. Chris gives his read on today’s market, what investors should look for before they buy, and whether or not our supply chain nightmare is over! In This Episode We Cover Why build-to-rent investment properties are a great option for the average investor The most important metrics to look at when analyzing a real estate market  Supply chain shortages, labor setbacks, and where construction companies stand in 2022 Price drops and how far new home listing prices could fall as demand dries up  The risk of investing in a renter-only subdivision and why homeowner/renter diversity matters  A crucial clause to look for when signing to buy a new build home  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Kathy's BiggerPockets Profile Kathy's Instagram 4 Vital Points to Consider BEFORE Getting Into New Construction The FRED Producer Price Index Connect with Chris: Chris' Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-41 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Housing demand has caused home prices to explode over the past two years. But, even as interest rates rise, the Fed tries to curb inflation, and would-be-homebuyers enter back into the renter’s market, there still isn't enough land to go around. For developers like Tommy Beadel, this is a good problem to have. On one hand, tailor-made homes for new homebuyers sell out quickly, but without a ton of deals to go around, where do you go to find good dirt? Tommy is the CEO of Thomas James Homes, rebuilding experts in the Seattle, SoCal, Silicon Valley, Denver, and Phoenix markets. They do what most flippers won’t—buying old, often outdated homes, tearing them down, and rebuilding them to fit today’s standard. Doing this allows them to sell at the highest price to a consumer that only wants the best and latest home to buy. They skirt the line between new development and renovating/rehabbing homes, but this niche has paid off. Unsurprisingly, Tommy came from a background like most of us. He attended a real estate seminar, surprisingly didn’t get scammed, and house hacked right out of college. His passion for real estate grew from there, taking him from the mortgage industry to investing and now building. But Tommy is convinced that his niche isn’t a cyclical one. Instead, it’s something he can rely on that will stand the test of time. He’s got the data to back it up, and you’ll hear all of it in this episode. In This Episode We Cover The “tear down, build up” style of new construction and why there’s so much demand for it The property product-market fit and how today’s trends show what a homebuyer wants Scalability vs. predictability and the most crucial aspect of growing a real estate business What predicts a profitable housing market and the data you need to know before you invest Material and labor costs and some good news for builders/rehabbers  Entering back into a “middle-ground housing market” as sellers and buyers reach a stalemate And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram James' BiggerPockets Profile James' Instagram Where Does Housing Demand Exceed Supply? Use NeighborhoodScout to Find Market Data in Your Area Connect with Tommy: Tommy 's LinkedIn Thomas James Homes Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-40 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The Federal Reserve has spent the past year or so fighting inflation as hard as they can. They’ve raised the federal funds rates, resulting in a stunted housing market, higher unemployment, and more economic uncertainty as the fear of a recession becomes more real by the second. Their end goal is simple: control the cost of goods and services to the best of their ability, and they’re doing anything and everything to get there. Last week, Jerome Powell and the Federal Reserve made statements that foreshadow clear economic impact. No matter what line of work you’re in, how you’re investing, or whether or not you even pay attention to the economy, you will be affected. This war against inflation has caused some serious economic backlash, but the worst may be yet to come. On this Friday episode of On The Market, Dave takes some time to decipher what Jerome Powell (Chair of the Fed) meant by his statements. What type of economic impact can you expect over the next coming months, and how will real estate investing, interest rates, and returns be affected by this news? If you’re a renter, homeowner, or still shopping the market, this news directly affects you. In This Episode We Cover How federal funds rates indirectly affect mortgage rates rising and falling Mortgage and interest rate predictions and how long we’ll remain in “high rate” territory The Fed’s focus in the next few years and what they’ll do to ensure inflation declines Housing market forecasts for 2023 and a glimmer of hope for buyers The oncoming economic recession and how the Fed is building the perfect storm for unemployment Bond yields vs. mortgage rates and how they too work in tandem And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Housing is Unaffordable, But Could It Actually Get Worse? The Fed Basically Admitted It. They Want a Housing Correction Read Jerome Powell’s Full FED Transcript Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-39 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Don’t you love Wall Street? From artificially inflating the housing market to kicking first-time homebuyers to the curb, and now, selling off their inventory at a fraction of the cost. Wall Street and hedge funds alike seem to be the big landlords giving the rest of us a bad name. But, their latest blunder could bring about good news for the average mom-and-pop investor, house hacker, or even regular first-time homebuyer. Welcome back to On The Market, your bi-weekly update on everything related to real estate. Today, our panel of expert investors has brought along the most pressing stories related to property buying, selling, flipping, and wholesaling. You’ll hear why Wall Street may be turning away from real estate investing entirely, the Fed’s backpedaling on their money printing mistake, why new listings are dropping off, and which cities make the list of the most vulnerable housing markets in America. There’s no need to start getting sweaty—although many headlines seem anxiety-inducing for the average renter, homebuyer, or seller, for real estate investors, most of this is great news. With buying opportunities almost burying us, 2022 is starting to look a lot more lucrative than we thought it would! Wondering what’s the best move to build wealth? Stick around! In This Episode We Cover How treasury yield rates have forced Wall Street to take a step back on buying properties The Fed’s “quantitative tightening” that’s trying to suck money out of the market The fifty most vulnerable housing markets in the US (and why you’ll want to start investing in Arkansas) Record rent growth and how interest rates could exacerbate the situation even more Why new home listings news could pave the way for a second inventory crisis  Whether or not to wait or buy real estate even as interest rates rise And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Treasury Yields Quantitative Tightening Most Vulnerable Housing Markets Rents Hit Record High New Listing Drop Off Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-38 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Modular homes don’t have the same market sentiment that traditional housing does. For many people, the thought of building a home in a factory only comes with anxiety. Decades ago, modular homes were built using cheap materials with virtually zero energy efficiency. Now, thanks to companies like Vantem, you can buy modular homes almost indistinguishable from the one built on-site right next door. But, these two home builds operate on a much different budget. To go over all the fine details, Vantem’s CEO, Chris Anderson, joins us in this episode. He started building factory-finished homes after seeing how inefficient the modern-day homebuilding process was. With the help of an expert team, Vantem dramatically reduced not only material but labor costs when building these almost indestructible, massively energy-efficient homes.  But modular homes seem to be the gift that keeps on giving. Even with a cheaper sales price, homeowners and landlords can see ridiculous cost savings over the life of their investment, with energy costs hitting rock bottom and environmental efficiency being so high that it’s almost unheard of. Whatever your preconceived notions were about modular homes, prepare to have them changed in this episode. In This Episode We Cover Massive time and cost savings from building modular vs. traditional homes Energy efficiency and why Vantem’s modular homes are net zero almost immediately after manufacturing The evolution of modular homes and why today’s builds beat regular rental properties  Why lenders, local government, and insurance companies are so pro-modular home building How factory-built homes stay almost indestructible against natural disasters  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets Podcast 593 On The Market Podcast 29 Learn More About Modular Homes Will 3D Printed Houses Solve the US Housing Crisis? What are the Differences Between Manufactured, Modular, and Mobile Homes? Connect with Chris: Chris' website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-37 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

High interest rates are here. The mainstream media would tell you that it’s time to sit down and have a long sob over the soon-to-be-dead housing market. “It’s over, everyone! No more deals for sale because interest rates are around 6%.” You probably don’t believe such housing market heresy, and the investing experts we’re bringing on today don't either. They’ve been investing throughout the past two decades and have come to a surprising conclusion: today is the easiest time to buy in years! That’s right, the time-tested real estate investing authorities know that even with rising interest rates, some real estate strategies still work, and may even work better thanks to today’s climate. On with us today are Avery Carl, David Greene, Jamil Damji, and Pace Morby, all representing different types of real estate investing. From short-term rentals to BRRRRs, creative financing, and wholesaling, these experts agree that if you’re trying to make money in real estate, there’s no better time than now to start. In a friendly cash flow cage match, we let each strategy-specific expert give the pros and cons of their preferred investing method, as well as how 2022’s rising interest rates, seller fear, and market speculation is affecting them. If you’re sitting on the fence, waiting for the right time to buy, this may be just the episode to push you over to the cash flow-collecting side! In This Episode We Cover The BRRRR method, short-term rentals, wholesaling, and creative finance explained Whether or not rising interest rates are a blessing in disguise for the real estate industry Cash flow “turbochargers” that let you build wealth far faster in real estate The one and only “risk-free” way to start investing that works for any skill level Concerns about each real estate investing strategy and which has the largest downside Real estate leverage and strategies you can use that don’t involve debt  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram BiggerPockets Podcast 593 On The Market Podcast 29 Books Mentioned in the Show David Greene's Book Collection Short-Term Rental, Long-Term Wealth by Avery Carl Connect with David, Jamil, Avery, & Pace: Avery's BiggerPockets Profile David's BiggerPockets Profile Jamil's BiggerPockets Profile Pace's BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-36 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

For the past couple of years, new construction homes were the envy of the neighborhood. They had brand new granite countertops, walls without holes, and sometimes a garage door! In 2020 and 2021, homebuyers were happily bidding over asking price just to get a new home, even if that meant missing appliances or garages that couldn’t even close. Now, builders are offering incentives and slashing prices to get buyers through the door. What happened? What comes up must come down, and this rings true in the 2022 housing market. New homes couldn’t be built fast enough last year, but now, builders are trying to liquidate their homes as quickly as possible. But this doesn’t affect us everyday homebuyers—right? Not quite. These price cuts and dwindling demand could feed an even more gruesome economic beast that many of us aren’t prepared for. On this Friday episode of On The Market, Dave is flying solo as he gives us the data and insight behind the new construction market. He also touches on the three economic impacts of this large-scale sell-off. The housing market has been bumpy over the past few months, but it may get even wilder. In This Episode We Cover The new construction vs. existing homes market and how they differ in demand Why homebuyers were willing to pay a premium for new homes but now are sitting silently How a slowing construction market could lead to an even more intense housing supply shortage  The US economy and real estate market's impact from these price cuts Whether or not existing homes will see an uptick in demand as new construction lags  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram On The Market Podcast 31 Is The Housing Market About to Collapse? What Investors Need to Know National Association of Home Builders Data   Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-35 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Home sales are starting to slump, days on market continue to climb, and price drops are becoming the new norm. Are we on the cusp of a 2008 housing market crash repeat? Or, are these eerily similar signs of a large-scale sell-off just coincidental, without much backing behind them? The On The Market Team wanted to know exactly how close we are to repeating the same mistakes from fourteen years ago, and whether or not the runup in buying activity over 2020 and 2021 could lead to a lackluster housing market for years to come. We’ve brought our entire panel of experts back on the show so we can get an up-to-date read on everything happening in today’s housing market. With fears of a recession on the horizon, buyers and sellers live in fear of what could happen next. But are these “panicky” investors looking at the full data set that Dave and the rest of the team have been able to dig up? In this episode, we’ll compare four of the most important metrics that could influence today's housing market to 2008 data. These include consumer debt and mortgage quality, defaults and home foreclosures, housing market inventory, and appreciation and growth rates. Are we closer to a housing market apocalypse than we thought or are media outlets using a “crash” as a fear tactic to keep homebuyers out of the loop? In This Episode We Cover August housing market data and whether or not real estate still looks strong Crash vs. correction predictions and which way the market could slide Mortgage quality stats and where modern-day homebuyers stand when compared to 2008 A massive year-over-year increase in foreclosures and how it may hurt the housing market Demographic data that could force first-time homebuyers to get even more desperate Lessons learned from the 2008 crash and what experts and investors warn against And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Hear Our Interview About Foreclosures with Rick Sharga Get Redfin’s Up-To-Date Housing Market Data Key Takeaways From the ’08 Recession That Apply Today Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-34 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s a little strange how long it took build-to-rent real estate investing to catch on. For decades, landlords were used to buying older homes, many without renovations, and renting them out to whoever needed housing. This trend has continued up until today as numerous buy-and-hold investors buy homes well past their prime. It seems almost natural to think that building brand new homes would allow you to get the highest rent price, and that’s why so many investors, like Fundrise’s CEO Ben Miller, are so gung-ho about build-to-rent rentals. Ben Miller knows the housing market/real estate industry inside and out. He’s helped over 350,000 real estate investors passively make profits through Fundrise’s simple and groundbreakingly open investing platform. Any investor, accredited or not, can now get a piece of the pie on a cash-flowing property, even if they don’t have enough money to buy it themselves. Since Ben is at the forefront of this industry, it serves him well to know which areas are trending, how investors can get ahead, and the asset classes most worth investing in. He shares valuable insight on how institutional investors operate, why many active investors still choose to invest with Fundrise, real estate markets with the strongest property potential, and why build-to-rent could deal a serious blow to the multifamily and commercial office industry. In This Episode We Cover How any investor, no matter how much money they have, can start investing in real estate Passive vs. active investors and which are better suited to use Fundrise’s platform Top real estate markets and when the sun belt may start to see a shift in demand Why build-to-rent could pose a threat to multifamily housing  Inflation, supply chain issues, and the “shadow real estate industry” no one talks about Buying from big developers as home sales come to a halt and prices drop  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram James' BiggerPockets Profile James' Instagram Hear Our Interview with the Vice President of Research at the National Multifamily Housing Council Connect with Ben: Ben's Twitter Ben's LinkedIn Ben's Email Ben's BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-33 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market, for most people, seems like an unaffordable investment. For years, housing unaffordability was climbing, but not fast enough to keep average Americans from buying primary residences. Now, combine rising interest rates with all-time high appreciation, and the average renter can’t afford a home in most American metros. But how did this all come to be, and is there a chance that home affordability could get even lower than it stands today? We wanted to know how affordability in the United States compared to other similar countries around the world. Although most Americans would call today’s real estate market completely unaffordable, the data seems to point to something different. There are numerous real estate markets around the country boasting low home prices, high rents, and population growth to support any investment decision. But where are these markets? Dave does his best in this episode to give you a quick overview of how affordability works. We also talk about what causes housing markets to become unaffordable, which metro areas are the most and least unaffordable, and how the United States ranks when put head-to-head against other economies. Thankfully, there is some good news for landlords throughout this episode, so be sure to stick to the end! In This Episode We Cover The three factors of an affordable/unaffordable housing market  What caused the United States housing market to become so unaffordable Will unaffordability problems lead to a real estate bubble in the future? The most (and least) affordable countries around the world Whether or not affordability could get even lower as wages stagnate and interest rates rise What investors can do to capitalize on affordable markets with growing populations And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Black Knight NAR Housing Affordability Index OECD Demographia International Housing Affordability How Work-From-Home “Hotspots” Drove the Housing Market Even Higher Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-32 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Home prices are a big part of the housing market. But not as big as interest rates. As the Federal Reserve sets out to “kill the economy” with rising mortgage rates, researchers like John Burns dig through the data to find out what real estate investors can do to take advantage. John isn't a beginner in the real estate space—his consulting company has been doing this type of work for two decades, providing some of the biggest real estate investors with the most up-to-date information. John isn’t optimistic about this housing market. The data he’s been collecting shows that home prices could see dramatic drops over the next couple of years and that the housing supply problem may only get worse. But, he also sees opportunities for investors that could take the place of the appreciation gains we got all too used to. John’s team participates in over nine hundred consulting studies a year, meaning if there’s one person who knows what’s happening in the housing market, it’s probably him. In this episode, we talk about housing market predictions, how flippers got caught, why Ibuyers are less of a threat than most investors think, and what will happen to the housing supply as developers start selling off homes at break-even prices. Are we heading towards a 2008-sized cliff or could this be a small hiccup on the continuous road to real estate appreciation? In This Episode We Cover The new development vs. resale housing market and what they say about the economy An unbelievable opportunity for apartment investors as homebuying dries up Housing supply and why builders may not be in the same predicament as in 2008 Ibuyers/institutional investors and why they’re a much smaller threat than most people think The home price “wipeout” that is coming down the pipeline for sellers Why refreshing/remodeling homes could make a profitable comeback this decade  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram On the Market Podcast 14 with Logan Mohtashami On the Market Podcast 17 with Rick Sharga Connect with John: John's Real Estate Consulting Email John for a Link to The BRRRR/Fix and Flip Survey Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-31 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Multifamily real estate has been on a tear for the past two years. This is not only thanks to 2020-induced rent growth and price appreciation but also due to simple supply and demand. As millennials, a rent-rather-than-own generation, enter into peak homebuying age, many still choose to rent—instead of buy. This presents a unique opportunity for real estate investors, as multifamily demand skyrockets while inventory can barely keep pace. But rising interest rates are starting to make the housing market look shaky. Is there still a strong demand for multifamily, and if so, how will prices change if financing becomes more expensive while building faces a bottleneck? We’ve brought on Caitlin Sugrue Walter, Vice President of Research at the National Multifamily Housing Council, to give her take on the multifamily investing situation. Caitlin knows the apartment investing numbers, arguably better than anyone else, and sees some movement on the horizon. She diagnoses exactly what has led to such high demand for apartment rentals, why builders got stuck in developing quicksand, and whether or not rent prices are still poised to increase as we close out 2022. She also hints at the best markets for multifamily investment in the nation and what investors can expect to happen to prices as cap rates begin rising and new interest rates take their toll. In This Episode We Cover The building bottleneck affecting multifamily housing and its opportunity for investors Luxury apartment buildings and why A-class apartments have become the new norm Rent control and why it often hurts the same people it’s trying to protect States with the highest multifamily demand and how large industries affect it Institutional investors, private equity, and other large buyers who are taking on multifamily Work from home’s retracement and how it may shift occupancy in large cities And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram How Work-From-Home “Hotspots” Drove the Housing Market Even Higher Learn More About the National Multifamily Housing Council NMHC’s Affordability Toolkit We Are Apartments Connect with Caitlin: Caitlin's Email Caitlin's LinkedIn Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-30 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Subject to is a strategy that most real estate investors aren’t aware of. It’s often done to buy deals with no money down, surprisingly low interest rates, and without closing costs or any other upfront fees. It sounds almost too good to be true until you understand how subject to works. For the past two years, subject to deals slowly started dying out. Since homeowners had equity in their properties, there was more incentive for them to sell on the market. But, over the past few months, things have changed in a dramatic way. Pace Morby, the internet’s creative financing poster child, has seen subject to deals explode as desperate sellers try to get out of homes they didn’t think they’d be stuck with. This presents the perfect opportunity for investors who don’t have a lot of cash but want to buy real estate as the housing market hits a soft spot. On today’s show, Pace will walk through multiple real-life deals that helped him create six-figure cash flow without any money out of pocket. But Pace isn’t only interested in subject to deals. He’s bought numerous seller-financed properties as wealthy sellers are looking to exit without paying a high agent commission or capital gains taxes. Pace sees serious opportunities in multifamily and commercial real estate. Much of this means that more deals are available for any buyer willing enough to pick up a phone and talk to a seller. The question is: will you place the call? In This Episode We Cover The subject to strategy explained and why 2022 presents a perfect opportunity to try it Creative financing and how to buy properties without using the banks or traditional lending Building six-figure cash flow with no money down and rock-bottom interest rates The pain vs. gain seller and which strategy works better for each seller  The antidote to high interest rates and why many sellers are willing to give you a great deal Housing market forecasts and why sellers need to start getting more realistic  Why sellers choose to sell via owner financing and subject to strategies  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Pace’s Episode on The “BiggerPockets Real Estate Podcast” Subject To Real Estate Explained Book Mentioned in the Show Real Estate by the Numbers by Dave Meyer Connect with Pace: Pace/Yourself – Real Answers with Pace Morby Triple Digit Flip on A&E Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-29 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Single-family vs. multifamily investing. We can go on this debate for days. Small-time investors favor single-family rentals due to their low barrier to entry and ease of management. Big players and passive investors far prefer multifamily thanks to its scale and ability to bring in some serious cash flow. But, it seems that many multifamily investors have lost their way. For the past two years, buying almost any multifamily property was considered a good investment, but now things are starting to shift. Today we bring you two separate deals, one from Henry Washington and the other from Kathy Fettke. One is a single-family flip, and the other is a “passive” multifamily buy-and-hold. You’ll hear why one of these deals got ditched while the other should fetch a handsome return. This top-level analysis can help you debate future deals, as some properties look far better on paper than in real life. We’ll also touch on the latest inflation news and an update on housing market inventory. One story shows some hope of the economy recovering, while the other could spell troubling times for investors coming up ahead. In the “News vs. Noise” section, you’ll hear exactly why a housing market crash may be delayed a bit longer and how more money could be pumped back into the economy, stimulating sales and boosting buyer activity. In This Episode We Cover Deep dives into two live deals that Henry and Kathy have been presented with The latest inflation numbers and some promising signs of real economic growth Why home listings dropped by double-digit percentages and how this will affect the housing market Real estate syndications and how past successes are putting today’s deals in jeopardy Aggressive underwriting and why every passive investor MUST vet the deal before they invest 1031 funds and using Delaware statutory trusts (DSTs) to limit your tax burden  The tell-tale signs of a great rental market in 2022’s changing economy And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Our Last Episode on Finding the Perfect Property Market Redfin Reports Newly-Listed Homes Fall Most Since 2020 Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-28 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate markets are local, not national. When someone says, “the housing market is about to drop,” you have to ask, “which housing market?” Every city has different migration patterns, housing market activity, building codes, and inventory. One market in the Midwest could see price jumps while somewhere on the coast sees declines. So, which markets are getting hit hardest in the latest round of price cuts and which are still on their way up? You’ll need to know the different housing market metrics before making a prediction. But you don’t have to look into the data by yourself. You have Dave Meyer by your side! Dave has been looking at a few key markets to uncover which are seeing home price drops and which are seeing appreciation. Traditionally “strong” cities are getting hit the hardest as interest rates rise and inventory comes on the market.  Some cities look like they’ll see double-digit price cuts over the next two years, while others that have already seen record price growth will continue to outshine their more well-known coastal counterparts. As an investor, this is the exact type of data you need to know when making housing market decisions. The right market could lead you to financial freedom, while the wrong one could burn your hard-earned capital!  In This Episode We Cover The five most important housing market metrics to predict future price trends Why coastal cities are getting hit hard by recent home prices declines  Which factors are causing increased prices and which are forcing down declines Looking at long-term and short-term growth rates to forecast prices  Why some markets are starting to return to “pre-pandemic” housing market conditions  The ongoing affordability crisis and why many homebuyers can’t afford homes in popular markets  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Dave’s Housing Market Data Black Knight Moody’s Analytics Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-27 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Interest rates are dipping below five percent, hedge funds and institutional investors are starting to sell off their homes, and inexperienced syndicators are getting stuck with bad deals. Is this the everyday investor’s version of a miracle? Nope, it’s just another week in the wild 2022 housing market! Joining us is the entire On The Market panel to talk about which up-to-date, hard-hitting stories affect investors the most. To start, we’ll talk about Invitation Homes, one of the most prominent institutional real estate companies, and how they’re being accused of using unpermitted work to renovate their recent acquisitions. Within the same vein, Opendoor, another institutional investor, was fined a whopping $62M for “deceptive marketing”, but did they really make promises they couldn’t keep? Don’t worry, this isn’t an entirely iBuyer-only episode. Our last two stories cover commercial real estate and interest rates. More commercial deals are starting to see cracks in their literal and figurative foundation, as inexperienced investors are being slapped with higher fees and rates from banks as their properties become less valuable. But, some good news for investors is that mortgage rates have finally dropped below five percent, getting us closer to the rock-bottom rates we were used to in 2020 and 2021. But can these rates be counted on, or will they skyrocket back up once the Fed has had enough? In This Episode We Cover Why hedge funds are hurting and failing to keep up with maintenance on their properties The “deceptive marketing” tactic OpenDoor used to lure in new customers How rapid “repricing” is changing the way commercial real estate deals are done Jamil’s $2.5M mistake and why you should always focus on your own area of expertise Low interest rates and why banks are offering them even as the Fed pushes for increases And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Invitation Homes Opendoor Rapid Repricing Interest Rates Hear More About Jamil’s $15M Wholesale Deal Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-26 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

What do work-from-home employees and the housing market have to do with each other? Surprisingly, a lot. At the start of 2020, as the first lockdowns were rolling in, many companies made the wise decision to allow their workers to temporarily work-from-home. As temporary became seemingly eternal, more employers started developing permanent work-from-home regulations, allowing employees to, on average, work at their residence for about half of the workweek. With this enhanced flexibility, employees were more likely to move to places their jobs didn’t confine them to. If they were used to snow and sleet, they may have moved to Arizona, Texas, or Florida. If they were stuck in urban areas like New York City and San Francisco, the more suburban allure of Boise, Denver, or Raleigh pulled them even closer. Now, these high-paid, location-flexible workers were on the hunt for houses. And as a result, home prices skyrocketed while affordability plummeted. It’s becoming more and more evident how much of an impact remote work plays on the housing market, but what can landlords do with this information? Dave has already dug through the research so you don’t have to, and he brings on this show three factors of a work-from-home “hotspot” that could forecast big home price appreciation. These three factors could point you on the path to buying in the nation’s next best real estate market! In This Episode We Cover The latest remote work trends and whether or not working from home is here to stay How work-from-home policies have affected productivity in the workplace  The three factors of a work-from-home “hotspot” that could explode in popularity How more remote workers affect the housing market, migration, and home prices Whether or not a recession could end the work-from-home movement and force workers back into the office The real estate markets that are starting to cool after huge home price appreciation And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram The Do's and Don'ts of Returning to the Office by Adam Grant NBER: Pandemic-Induced Remote Work and Rising House Prices Listen to Our Episode with Redfin’s Taylor Marr  Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-25 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Climate change and real estate. Most people would say that they’re related, but not in a substantial way. We all know that homes can flood, catch fire, or be blown away from a tornado, but how many real estate investors are looking at the climate risk data before making a real estate-related decision? Institutional investors have been using climate change data to make educated decisions for decades, so why aren’t we doing the same? Cal Inman, lecturer at UC Berkeley and principal over at ClimateCheck, saw that real estate developers were regularly looking at climate data to make decisions. As a small landlord himself, he struggled to find this same type of data for his residential properties. As fire and flooding became more prevalent throughout the United States, Cal knew that this data was imperative for homeowners, not just large-scale investment firms.  Now, thanks to ClimateCheck, homeowners, buyers, and sellers can look at the climate change-related risk before they put any money into a property. Cal also shares why and where climate risk is rising, the safer parts of the US to invest in, and how different regions of the country are preparing for more elevated climate-caused catastrophes. If you’re investing on the coasts, in the plains, or anywhere in between, the data could completely change your investing strategy.  In This Episode We Cover How real estate developers use climate data to make better investing decisions  Whether or not climate risk is rising and in which markets is it impacting the most Why coastal investors especially need to be specific about where they decide to buy  What small investors can do to mitigate the risk of losing their properties to climate emergencies  The impact climate change will have on US migration and renting/buying trends  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Check Your Home’s Climate Related Risk with ClimateCheck Redfin and ClimateCheck’s Guide to Climate Data How Much Risk Does Climate Change Actually Pose To Real Estate? Connect with Cal: ClimateCheck Cal's LinkedIn Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-24 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The US economy has seen a couple of recessions over the past two decades. The most brutal one being the great recession, which remains an anomalous event. Fast forward twelve or so years, and we entered into the 2020 recession, one of the fastest recessions ever recorded that resulted in a massive run-up of stock, crypto, and real estate prices. Now, as a recession looms on the horizon, Americans are struggling to figure out whether or not we’re about to hit a short-term speed bump or a long-term depression. So many different economists, newscasters, and financial bloggers love to debate whether or not we’re truly in a recession. By definition, we should be, but the experts are slowly taking their time, trying to calculate the true impact of this latest economic cycle we’ve entered. But does being in a recession really matter? Yes, recessions affect almost every aspect of financial life. Labor slows down, consumer prices go up while asset prices drop, and it’s harder to make economic progress. But, is that what we’re experiencing in 2022, or is the term “recession” just propping up fabricated fear that matters far less than we think? In this bonus episode of On The Market, Dave gives his insight into whether or not the US economy has entered a recession, how this affects real estate investors, and why experts can’t agree on a definition. If you’re actively investing, Dave gives some good advice on how to keep your head screwed on straight while every news outlet plays chicken little. In This Episode We Cover Why experts can’t agree on whether or not we’ve entered a recession GDP decline and how inflation has outpaced our growth as an economy How past recessions compare to what we’re going through today and what we can learn from them Mortgage and interest rates and how a further economic decline could affect investors The three most important metrics to watch as a recession becomes more likely The key performance indicators that show economic growth, not decline And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram On The Market 14 with Logan Mohtashami On The Market 17 with Rick Sharga Our Recent Panel Discussion on Home Prices U.S. GDP Shrinks By 0.9%—White House and Experts Push Back On Recession Claims Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-23 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Your next property purchase might just be a 3D-printed house. Don’t believe us? With lower housing costs, immediately replaceable/printable parts, and homes that can be built in six months (or less), traditional real estate developers may find themselves in a pinch when trying to compete against these perfect printable properties. With a huge inventory shortage and housing crisis throughout the United States, 3D-printed homes may just be the ultimate solution nobody believed could happen. As a true believer, Zachary Mannheimer, CEO and founder of Alquist 3D, knew that 3D printed houses would sooner or later become the future. With labor and material costs skyrocketing and real estate development becoming eye-wateringly expensive, Zachary became keen on finding an affordable solution. His team now has plans to build 200+ homes for underserved communities and has already begun expansion across the eastern United States. And this isn’t all theory. Zachary’s team has already built multiple 3D printed homes, one of which has a family living in it. They’re facing an influx of orders and can’t keep up with demand, but are slowly building economies of scale to make 3D printed housing one of the biggest industries in America. Zachary confidently estimates that by 2025, you won’t be asking if 3D printing is possible, you’ll be asking when you can preorder your next property. In This Episode We Cover The true cost of a 3D printed house and how labor and material costs will shrink as the industry expands Project Virginia and how Zachary’s team is building affordable, high-quality housing for communities with rock-bottom inventory How to buy and build a 3D printed home by working with Alquist 3D The new 3D printing industry that will create hundreds of thousands of jobs over the next decade How long it takes to build a 3D printed house and how to print your own materials And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Jamil's BiggerPockets Profile Kathy's BiggerPockets Profile Dave’s Instagram Henry's Instagram James' Instagram Jamil's Instagram Kathy's Instagram Check Out Zachary on This Month’s BiggerNews Episode Watch 3D Homes Get Printed Connect with Zachary: Zachary’s Team at Alquist   Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-22 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Is some alleviation from inflated home prices headed our way? Over the past two years, sellers have taken the housing market for a ride, getting dozens of offers on every listed house. No matter the condition, area, or age of the property, buyers were filling open houses every weekend just to make an over-asking offer on what should be a reasonably priced house. Now, the tables are starting to turn, and as a result, sellers are getting desperate.  Interest rates are rising and buyers are backing out of the market by the dozen. Instead of twenty offers in a weekend, sellers are looking at two, and none of them are over asking price. This is good news for home buyers and great news for investors, as deals are becoming easier to come by while the housing market hysteria takes a breather.  We brought the entire On The Market panel in this week to see where they’re finding deals, how their own markets are fairing, and what investors should look for on the horizon as demand steadily starts to slow. We also go into the future of housing inventory and how another inventory crisis could be coming soon.  In This Episode We Cover June housing market updates and why the housing market is starting to slow Why fear-first sellers are dramatically lowering their asking prices simply to sell Could we enter into another inventory crisis and why some investors think this dip is only temporary Where to find deals in today’s market and why real estate agents may become a phenomenal deal source for you How flippers and BRRRRers can prepare for housing prices to head back down  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Jamil's BiggerPockets Profile Kathy's BiggerPockets Profile Dave’s Instagram Henry's Instagram James' Instagram Jamil's Instagram Kathy's Instagram Grab This Episode's Data Drop (Lead Indicator Data for US Housing Markets) Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-21 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate wholesaling is one of the most hated, commonly criticized, and least-trusted types of real estate investing. Most people paint real estate wholesalers as those who lie to sellers, incorrectly run comps, and try to market bad deals to unexpected investors. This is all said while top real estate investors around the country continue to buy from wholesalers. So what is it? Are real estate wholesalers a parasite to the property investing industry or are they the symbiotic counterpart every successful investor needs? To put it simply, wholesaling real estate is when a wholesaler will put a property under contract for a certain price, then market the property to investors at a higher price, and keep the difference once the property is handed off. Think of wholesalers as the middlemen between a distressed seller and a real estate investor looking for undervalued deals. In a perfect world, all three parties walk away from the transaction happy. But how often does this happen? Jamil Damji, James Dainard, and Henry Washington are on this week to talk about how to wholesale, what most wholesalers get wrong, and whether or not real estate wholesaling still works in 2022. Jamil and James are both active wholesalers, while Henry often buys his properties from wholesalers. They give a “wholesaling 101” course to any new investor looking to find deals as well as to new wholesalers trying to get their seed money started. In This Episode We Cover Whether or not a recession is here and how high interest rates may go in 2022 What is wholesaling and why real estate wholesalers are so hated in the industry Is 2022 a good time to start wholesaling or should investors wait until home prices drop Why wholesaling may be the single best way to get a world-class real estate investing education Which properties to wholesale vs. keep when investing and flipping contracts Vetting your wholesaler and how to know you’re buying a real deal And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Jamil's BiggerPockets Profile Dave’s Instagram Henry's Instagram James' Instagram Jamil's Instagram Grab This Episode's Data Drop (Questions to Ask Your Wholesaler) The Newbie’s Guide to Wholesaling in 7 Simple Steps The Big Mistake I Used to Make When Qualifying Wholesaling Leads Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-20 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Does a stock market crash affect real estate? We’ve seen home prices hit record growth over the past two years, with a slight slowdown happening right now. But nothing in the real estate market compares to the stock market selloff that has happened over the past six months. Index funds are down over twenty percent year to date, tech companies are quickly losing valuation, and the stock market doesn’t show any signs of slowing down. Is this an opportunity for real estate investors? Instead of letting landlords try to explain how equities work, we brought on Clay Finck from the Millennial Investing podcast to help educate us on what a good (or bad) buy looks like. Clay has spent years learning about value investing from the best stock trader of all time, Warren Buffett. He’s designed his portfolio to model the trading techniques Buffett engineered and thinks that this latest dip poses some interesting opportunities for investors of any asset class. Clay talks about recession-resistant stock picks, how to know whether a company is under or over-valued, and why stock investing could be a more passive alternative for the stressed-out landlord. We also have our panel of expert guests give their take on the stock market, how real estate investors should invest, and what their own portfolios look like. If you’re heavy on the real estate investing side of things, make sure you listen until the end, as there are some serious stock buying opportunities you may have never thought of. In This Episode We Cover How the Fed influences the stock market through quantitative easing and rate hikes Which stocks win during a recession (and which ones to stay away from) Dividend stocks and how to cash flow without owning any real estate Dollar-cost averaging as a smarter way to invest even as prices fall Whether or not to put your money into the stock market to save for your next deal Why some stock investors are ditching equities to make headache-free gains in real estate And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile Dave’s Instagram Henry's Instagram James' Instagram Kathy's Instagram Grab Your Ticket to BPCon 2022 Which is Better? 145 Years of Real Estate vs. Stocks Get Featured in Our “Crowd Source” Section by Posting on The BiggerPockets Forums “Millennial Investing" Podcast Book Mentioned in the Show Real Estate 101 by Michele Cagan Connect with Clay: Clay's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-19 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Short-term rental investing has been one of the most profitable, fastest-growing types of real estate investing strategies in decades. When the events of 2020 happened, most vacation rental owners thought that their passive income stream had been shut off, only for the exact opposite to happen in a big way. With low interest rates, investors were scooping up short-term rentals every second they could, and their occupancy rates just kept on increasing. But is all of that about to change? We’re back with another bonus episode of On The Market where Dave does a data-first deep dive into what’s happening with the short-term rental market. From occupancy rates to second home sell-offs, and hotels regaining their prestige—everything you wanted to know about vacation rental investing is packaged up for you in this short-term rental recap. Dave also gets into the recession data behind short-term rental investing and why some investors might be calling a quits too quickly. And even with interest rates rising, a buying opportunity may be on the horizon for investors who are fast enough! In This Episode We Cover Whether or not demand has stayed consistent as the economy enters into uncharted territory Hotels vs. hosts and which vacation stay is getting more popular over the next few months How inflation is affecting the average American’s vacation budget and what that means for investors Second-home demand and why so many owners are looking to sell The massive influx of new vacation rentals and the effect it's taking on occupancy And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel It’s Not Too Late to Join the Short-Term Rental Investing Game Sign Up For the BiggerPockets Short-Term Rental Bootcamp Access More Short-Term Rental Data with AirDNA Watch Tony Robinson’s Video on Short-Term Rental Investing in 2022 Dave’s BiggerPockets Profile Dave’s Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-18 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Will housing prices drop in 2022? There may seem like an obvious answer to this question, “of course with interest rates rising housing prices will drop.” But, that’s not exactly what the data shows, especially when you take into account that 2022 is not a normal housing market by any means. We had high demand, which is starting to cool, but housing prices are still far from affordable. And with so many homeowners enjoying huge equity boosts, is there even a possibility that foreclosures could fill the supply gap? Instead of postulating about what will or won’t happen, we brought on an industry expert who can give a data-first decision on which way the housing market will move. Rick Sharga, EVP of Market Intelligence at ATTOM, knows the data. He spends the majority of his waking hours scanning through copious amounts of housing market information so he can give investors and real estate professionals a true, unbiased opinion on what will happen next. Rick goes deep into demand, what’s causing it and whether or not it has been suppressed thanks to interest rate hikes. We also touch on the foreclosure “crisis” that never happened, how forbearance programs worked, and why we’re starting to (finally) see an uptick of foreclosures, many of which could make great investment properties. Lastly, you’ll hear why waiting out the housing market could be a move many investors shouldn’t make. In This Episode We Cover Why interest rate hikes are affecting the housing market faster than we thought The possibility of a housing market crash and what it means for investors Forbearance and foreclosures explained and what makes this market different from 2008 “Emotional equity” and how it could keep home prices high for years to come Buying rental properties at auction and what to know before you make a bid Why waiting for lower homes prices could cost you tens of thousands more And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Jamil's BiggerPockets Profile Kathy's BiggerPockets Profile Dave’s Instagram Henry's Instagram James' Instagram Jamil's Instagram Kathy's Instagram Grab Your Ticket to BPCon 2022 BiggerPockets Podcast 604 ATTOM Insights for Real Estate Investors Connect with Rick Rick's LinkedIn Rick's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-17 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone wants to know how to invest during a recession. We get it—things aren’t looking too good. Inflation is crossing all-time high territory, your rent is going up and so are interest rates, and many investors are wondering if a stock market crash is on the horizon. It’s normal to be scared, but it’s even smarter to do something while all the other investors are trapped in analysis paralysis. If you do want to invest, what should you do? We’re back with another bonus episode of On The Market where we’re tackling the not-so-simple question, “should I invest in 2022?” If you think a bunch of real estate investors are biased, you may be right, but we’d highly encourage you to listen to the very end of this episode, as each guest on our expert panel explains why they’re doing what they’re doing and why you should try it too. Recessions are traditionally when much of the population loses money, but it doesn’t have to be that way for informed investors. A world of opportunity is waiting for you, even if you have no money or experience going into this year. If you take what our expert guests say to heart, there’s a good chance you’ll not only make it out alive in 2022, but you’ll also have a lot more wealth than when you started. In This Episode We Cover July housing market updates and what has happened since the start of the year Is the housing market starting to cool? And if so, what should investors do? How to start investing NOW and getting a real estate deal in the next thirty days What to do if/when the housing market crashes (and how to profit from it) How to invest in 2022 and whether or not buy-and-hold rentals are still a safe bet The no-cash-needed way to start making money in real estate  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Data Drop Jamil’s Appraisal Rules Rent vs. Buy vs. House Hack Calculator Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Jamil's BiggerPockets Profile Kathy's BiggerPockets Profile Dave’s Instagram Henry's Instagram James' Instagram Jamil's Instagram Kathy's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-16 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Renting vs buying a house. It’s an easy decision. If you have the option to buy, you should buy. Shouldn’t you? That line of thinking, according to Ken Johnson, real estate economics expert, can cost you a lot of money. His team at Florida Atlantic University, along with other data–first economic experts, have spent a lot of time studying whether or not it makes more sense to rent or buy a home. Ken breaks down how most Americans have gotten the rent vs buy debate all wrong, how renters can beat homeowners to long-term wealth, and which housing conditions lead to better deals. We also bring in our expert panel of guests to get their take on whether or not owning is a smarter choice than renting. You’ll hear multiple opinions on how you can make a more lucrative decision on your first primary residence and whether being a “renter-landlord” makes sense in 2022. Surprisingly, in a time when more people are being forced into renting, Ken describes how “corporate landlords” could benefit the housing market, not deteriorate it. If you’re worried about the United States turning into a “renter nation”, Ken offers a glimmer of hope on why that may not be the case, and how even if it was, it wouldn’t be a bad thing. In This Episode We Cover Renting vs buying a home and which decision makes the most sense for you in 2022 Which real estate markets are about to see wild price drops in the coming years The housing affordability problem and why renting has become cheaper than owning Whether or not more corporate/Wall Street landlords is a good thing for renters Subsidizing your mortgage/rent by house hacking or rent hacking How renting and buying rental properties could be a win-win for average Americans And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Try The BiggerPockets “Rent or Buy Tool” Big Radius Tool BH&J Buy vs. Rent Index Top 100 Housing Markets Waller, Weeks and Johnson Rental Index Dave’s BiggerPockets Profile Dave’s Instagram Henry's BiggerPockets Profile James' BiggerPockets Profile Jamil's BiggerPockets Profile Henry's Instagram James' Instagram Jamil's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-15 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market is confusing, to say the least. In 2020, at the start of lockdowns, nearly everyone you spoke to had the opinion that the housing market was headed straight for a crash. Not only was this wrong, but it was the opposite of what the data was saying. While mainstream news outlets and “2008 crash bros” were painting a picture of foreclosures, price drops, and bottomed-out demand, Logan Mohtashami was singing a far different tune.  Logan had been looking diligently at the data (like he does most days over at HousingWire) and he saw patterns that didn’t at all reflect the last recession. Instead, Logan predicted a runup in prices, hot buyer demand, and very low rates of foreclosures. In a time when almost everyone with a public voice was calling for an apocalyptic housing scene, Logan predicted much differently.  Now, two or so years later, we can see just how right he was. We’ve brought this beloved data-first housing market deep diver onto the show to answer some of our most burning questions. Logan hits on how housing inventory got so low, what will force demand back down, why new property taxes are bad news for buyers, and the smartest move an investor can make in 2022.  In This Episode We Cover How to dig ourselves out of the housing inventory hole we’ve created The “forbearance” myth that most housing market forecasters missed Why buying a home may be the smartest hedge against inflation of the decade Property taxes and why homeowners should (or shouldn’t) start to worry about them Housing markets to look out for that may see demand drop after huge appreciation pumps Why investors need to look at data “the right way” instead of relying on prominent internet forecasters And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Dave’s BiggerPockets Profile Dave’s Instagram Kathy's BiggerPockets Profile Kathy's Instagram Mortgage Applications Decrease in Latest MBA Weekly Survey Nearly 1 in 5 Sellers is Dropping Their Price Get 50% off HousingWire+ Using Code “LoganVIP50" Is The Housing Market About to Collapse? What Investors Need to Know Connect with Logan: Logan's HousingWire Logan's Twitter Logan's Website Logan's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-14 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

House flipping, rental property investing, wholesaling, and every other type of real estate investing has had an incredibly profitable run-up over the past two years. Days on market shrunk as buyer demand soared and supply dried up. Flippers, rental property investors, and everyone in between saw profit margins they couldn’t have imagined before. But, now that may all change. Rising interest rates have stopped many would-be homebuyers from making offers, forcing them back into renting instead of sending in over-asking bids. Now, home equity and flipping profits are starting to see a lag, as mortgage applications significantly slow down, showings become far less crowded, and price cuts become the new norm. Are we at the beginning of a real estate recession, and if so, how can we best prepare to still profit during the downturn? James Dainard, master flipper, investor, and “On The Market” guest, has had to readjust almost every way he analyzes real estate deals. He’s managed to cash in some serious flipping profits over the past two years but understands that this year will be different. He shares exactly how smaller landlords, real estate investors, flippers, and wholesalers can “pad their profits” so they don’t get burnt on their next real estate deal.  In This Episode We Cover Why price drops have doubled even though many homes are selling above asking price Seller FOMO (fear of missing out) and why now may be a great time to find phenomenal deals Why cash flow has reemerged as the most important investing metric for rental property owners The 1% rule and why using it on every property could cost you money  Readjusting your expectations as a flipper and how to “pad your profits” the right way Whether or not you should “trade up” your rental properties to protect your portfolio And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Dave’s BiggerPockets Profile Dave’s Instagram Mortgage Applications Decrease in Latest MBA Weekly Survey Nearly 1 in 5 Sellers is Dropping Their Price Connect with James: ProjectRE with James Dainard Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-13 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Inflation and interest rates—two things we rarely talk about when the market is going smoothly. Just this week, the Federal Reserve made some stark moves surrounding interest rates with the hope of cooling down the rampant inflation we’re experiencing. But what exactly is causing all this inflation and are interest rates really going to change anything? Welcome to a bonus “On The Market” update from your favorite data deli nerd, Dave Meyer, who serves you fresh salami and cheese similes and turkey and mayo metaphors so you can know the housing market a bit better. This time, we’re talking about how inflation and interest rates rises could affect the housing market, what’s behind all the madness, and what it means for you, the local homebuyer or real estate investor. The recent updates from the Fed are BIG news, but they shouldn't worry you too much if you know the reasons behind their decisions. Staying ahead of the inflation curve can help put you in a position to build wealth, even when everyone else thinks the sky is falling. In This Episode We Cover Interest rate updates and why the Fed and Jerome Powell are making these drastic decisions Inflation explained and why we’re experiencing such high price surges Supply and demand and how this lopsided duo is hurting the economy What would need to happen before a more normalized market comes about Whether or not an economic recession is around the corner And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Dave’s BiggerPockets Profile Dave’s Instagram How to Prepare for a Recession Our Inflation Dilemma—What The Fed Won’t Tell You The Fed’s Plan for Future Interest Rates Get Housing Market Data from Redfin Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-12 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Over the past two years, home prices have looked as if they’re never going to drop. With record-low interest rates, a newly formed remote work culture, and millennials at peak homebuying age, who would have thought that lower home prices would come so soon. Although traditionally affordable areas of the United State are still teetering on “overpriced” status, many high-priced markets are seeing negative population growth, and home prices are getting hit as a result. This is just one of the topics we touch on in our in-depth interview with Redfin’s Deputy Chief Economist, Taylor Marr. Taylor, like our own Dave Meyer, spends his days digging through the most important real estate data around. Whether it’s housing market updates, inflation and interest rate changes, or migration patterns, Taylor is on it long before you read one of his team’s excellent articles. As a key member of one of the leading companies distributing accurate, timely real estate data, he knows the housing market better than almost anyone else. Taylor’s insight is invaluable if you’re looking to migrate to a new part of the nation, invest in a new market, or debate whether or not to sell a property you own. He goes over supply and demand, how the “lock-in” effect has stalled the housing market, which real estate markets are primed for huge growth, and which could suffer serious financial fallout from a lack of homebuyers, renters, and demand. In This Episode We Cover What caused so many Americans to buy homes in new parts of the country How “cash-rich” homebuyers caused region-specific inflation in their areas The migration patterns to pay attention to when analyzing a real estate market Which cities are primed for rent and home price growth, declines, or stagnation How the “lock-in” effect is prompting more homebuyers to wait out the housing market Why we’ve started to see home sales decline as more homebuyers resort to renting And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Stay Up to Date on The Biggest Housing Market Moves Inventory Shortage Could Continue As Interest Rates Rise and Homeowners Feel “Locked-In” What Can U-Haul Rates Tell Us About U.S. Migration Patterns? Connect with Other Investors in the “On The Market” Forums Connect with Dave and Our Panel of Guests Dave’s BiggerPockets Profile Dave’s Instagram Henry’s BiggerPockets Profile Henry's Instagram James’ BiggerPockets Profile James' Instagram Jamil’s BiggerPockets Profile Jamil's Instagram Kathy’s BiggerPockets Profile Kathy's Instagram Connect with Taylor Taylor's LinkedIn Taylor's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-11 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

One man knows how to prepare for a recession arguably better than anyone else. He’s been able to build wealth during multiple different economic cycles, not only surviving but thriving in the process. With decades of experience in real estate investing, advising, and mentoring, J Scott, author of Recession-Proof Real Estate Investing, stands as a testament that not everyone gets washed away when an economic tsunami comes crashing down. We spend some time asking J about how we got to the current economic stage we’re in, what the economy looks like today, and how we can prepare ourselves for the future of high interest rates, falling asset prices, and real estate steals of the century. If you’re feeling anxious about investing in 2022, J Scott is the guest you should listen to.  For our due diligence portion of the show, we’ll be asking James Dainard, Jamil Damji, and Kathy Fettke all about recession prep and rebalancing your real estate portfolio. While almost everyone in our expert panel has different advice for different investing strategies, they all agree on one thing: there is still plenty of money to be made in the realm of real estate! In This Episode We Cover Economic cycles explained and why we may be “overdue” for a crash What causes inflation and why it manifests itself in rising interest rates  How to prepare for a recession, even if you’re brand new to real estate investing Wholesaling vs. flipping and which strategy will win during economic downturns  Whether or not we’ll see home prices drop if a recession hits in the near future  How to “rebalance” your real estate portfolio so you don’t catch a falling knife  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Seasonally-Adjusted Housing Data with Redfin Grab J’s Book “Recession-Proof Real Estate Investing” and Use Code “MARKETPROOF” at Checkout Connect with Other Investors in the “On The Market” Forums Dave’s BiggerPockets Profile Dave’s Instagram Henry’s BiggerPockets Profile Henry's Instagram James’ BiggerPockets Profile James' Instagram Jamil’s BiggerPockets Profile Jamil's Instagram Kathy’s BiggerPockets Profile Kathy's Instagram Book Mentioned in the Show Recession-Proof Real Estate Investing by J Scott Connect with J Scott J's Website J's BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-10 Learn more about your ad choices. Visit megaphone.fm/adchoices

Home flipping, wholesaling, and BRRRR-ing rental properties are all solid options in the real estate investing space. But, as most experienced investors know, different markets favor different strategies. In some markets, flipping outweighs the risk of renting out a property, while in others, something like the BRRRR strategy is a no-brainer. In 2022, after two years worth of wild appreciation and huge rent raises, which strategy is the best for investors? We couldn’t have this sort of debate without our buy-and-hold expert, Henry Washington, our master house flipper, James Dainard, and our wholesale addict, Jamil Damji. Together, they each bring their own unique outlook on these strategies and give advice on which is the best to use for certain types of deals. Henry, James, and Jamil bring real-life deals to debate, and you’ll hear how experts analyze properties, even with just basic information. If you’ve enjoyed listening to On The Market, we would love it if you gave us your feedback on the On The Market BiggerPockets Forums. Participate in our audience feedback survey or give us your take on the current housing market. Let us know what you think so we can keep making episodes that help you on your investing journey! In This Episode We Cover Whether or not secondary home sales will see a drop off after record purchases  How the “Lock-In” effect could cause housing inventory to shrink even more Throwing away a $2.5M wholesale deal to build far greater wealth  Wholetailing vs. flipping and how to know which strategy works for which property Whether to BRRRR or flip a property and the long-term effects of your decision  Short-term rental sales and whether or not vacation rental occupancy rates will decline And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise How the "Lock-in Effect" Will Impact the Housing Market for Decade Demand For Second Homes Is Way Down From Last Year’s Boom Connect with Dave and Our Panel of Guests Dave’s BiggerPockets Profile Dave’s Instagram Henry’s BiggerPockets Profile Henry's Instagram James’ BiggerPockets Profile James' Instagram Jamil’s BiggerPockets Profile Jamil's Instagram Kathy’s BiggerPockets Profile Kathy's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-9 Learn more about your ad choices. Visit megaphone.fm/adchoices

When we talk about recession indicators, we usually talk about things like housing price drops, mass layoffs, heavy unemployment, and overleveraged consumers. It seems like every time you turn on the news, someone is touting a return of the great recession, without much to back it up. Since the housing market plays such a pivotal role in the economy, we decided to have a housing market recap with our expert investors Henry Washington, James Dainard, and Kathy Fettke, to see if their metrics point to a recession. In a strange time like 2022, almost every real estate investor is starting to get nervous. Home prices continue to rise, and inventory is almost as low as it’s ever been, but at the same time, high interest rates don’t make buying expensive homes attractive anymore. Is there still any juice left to squeeze in this year’s housing market, or are we on a fast track to foreclosures, price cuts, and peak buying opportunities for investors? In this episode, we’ll touch on it all so you can stay confident in these wild times. Dave and our panel of experts will explore why showings have dropped for new homes, unemployment rate updates, “data traps” you can fall into, how tech stock slumps pose a threat to real estate, and how to adjust your numbers when money costs more.  In This Episode We Cover The current housing market supply and demand and what it foreshadows for the future What the “recession indicators” are saying and why it differs from mainstream thought  Inflation, employment, and which industry may have layoffs lying around the corner  The “lock-in” effect causing most homeowners to hold instead of sell  What a “recession” would look like in 2022 and planning for price drops And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Lowering Your House Flipping Costs During High-Inflation Times Dave’s Interview with Daren Blomquist on Foreclosures Connect with Dave and Our Panel of Guests Dave’s BiggerPockets Profile Dave’s Instagram Henry’s BiggerPockets Profile James’ BiggerPockets Profile Jamil’s BiggerPockets Profile Kathy’s BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-8 Learn more about your ad choices. Visit megaphone.fm/adchoices

Gas prices, unemployment rates, and home sales have been headlining topics for the past two years. Every other day we’re hearing about a record surge in a certain type of asset, leaving many investors wondering when this market madness will come to an end. To help us understand a bit more about the economic indicators affecting our daily lives, we invited Planet Money and The Indicator’s Stacey Vanek Smith on the show. Stacey has an enormous presence in the economic podcasting world and has helped pioneer some of the most-listened-to content about what drives and divides our economy. Today, she talks to Dave Meyer and Kathy Fettke about the most important economic indicators that investors should watch out for. Thankfully, she brings news not just about interest rates and inflation—Stacey has some genuinely positive news about the post-pandemic economic recovery.  One of the key topics of this show is how work-from-home and remote lifestyles have prompted a “real estate reset” that may potentially even out the United States housing market. If you’re a real estate investor, homeowner, or renter, this information will be crucial for decisions that will affect not only your current life but your future potential to build wealth.  If you enjoyed our interview with Stacey, we highly recommend getting her new book Machiavelli for Women: Defend Your Worth, Grow Your Ambition, and Win the Workplace! In This Episode We Cover How to recover from the “divided economy” we find ourselves in today Is the great resignation here to stay, and if so, what does it mean for home prices? Unemployment “JOLTS” that affect labor prices and worker supply  Why and how energy prices have skyrocketed and the effects that come with it The two most important economic indicators real estate investors should pay attention to The positive economic effects of a worldwide pandemic and global lockdown  And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Planet Money Podcast The Indicator from Planet Money Planet Money Summer School Connect with Dave and Our Panel of Guests Dave’s BiggerPockets Profile Dave’s Instagram Henry’s BiggerPockets Profile James’ BiggerPockets Profile Jamil’s BiggerPockets Profile Kathy’s BiggerPockets Profile Connect with Stacey Stacey Vanek Smith’s Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-7 Learn more about your ad choices. Visit megaphone.fm/adchoices

Maybe you wanted to know how to invest in real estate back in early 2020. You took some time to educate yourself by listening to podcasts and reading books. Then you went and got preapproved, found yourself an agent, and were ready to start hitting the pavement, searching for your first real estate deal. While you were on your hunt for profitable houses, the world started to shut down. Everyone was forced inside, the real estate market locked up, and you thought “maybe I should wait this one out.”  Now, it’s 2022, and the housing market is arguably the most competitive it has been in decades. You missed your shot, right? Now you can never invest in real estate…or so you think. Dave Meyer, On The Market Host and VP of Data and Analytics at BiggerPockets, is here with Henry Washington, Jamil Damji, and Kathy Fettke to argue that you should still be investing in real estate. Even with rising interest rates, high home prices, and fierce competition, our expert panel agrees: there’s no better time to invest than right now.  So, if you’ve been feeling like your passive income dreams are slowly slipping away, we encourage you to not only listen to this episode but take the steps outlined in today’s show. Dave and our panel of expert guests give you everything you need to make a smart, profitable, confident entry into real estate investing. You just need to take the first step. In This Episode We Cover Why home prices continue to rise while stock indexes see year-to-date drops  Where rookie real estate investors are getting stuck at the start of their journey Why 2020 is a great year to invest (even if the world is seemingly ending) How to invest in real estate and buy your first rental in 2022 Whether or not that cash-flowing out-of-state deal will truly turn a profit  The tips our experts would have given themselves at the start of their investing journey  And So Much More! Links from the Show Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Find an Investor-Friendly Agent in Your Area Start Investing with House Hacking Download Jamil’s Free Appraisal Rules Connect with Dave and Our Panel of Guests Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile James' BiggerPockets Profile Jamil's BiggerPockets Profile Kathy's BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-6 Learn more about your ad choices. Visit megaphone.fm/adchoices

Cash flow vs. appreciation has been a fiercely fought debate between many real estate investors for decades. Cash flow investors love to tout the fact that consistent rental property profits allow you a life of freedom, while appreciation investors argue that cash flow doesn’t build wealth, it merely keeps you treading water. There’s arguably no better panel to ask about this topic than America’s best wholesaler, investor, and flipper trio—James Dainard, Jamil Damji, and Kathy Fettke.  James, Jamil, and Kathy have a view on the appreciation vs. cash flow topic that most investors don’t possess. All three of these investors have bought, sold, and held real estate before, during, and after the great recession, meaning they aren’t subject to the 2020 and beyond “hot housing market” stigma many new investors fall into. They’ve seen what a good, bad, and ugly housing market can look like, and, unsurprisingly, they reach almost the same conclusion. Maybe you’re a new investor, looking to buy in a high-appreciation area like South Beach or a cash-flow crazed, FI-chasing rookie who thinks the Midwest is where it’s at in terms of wealth-building. No matter where you stand on the subject, this episode will give you decades of investing context that should help you make far better returns in the long run.  In This Episode We Cover Rent growth, appreciation, and the surprisingly most unaffordable state in the US Cash flow vs. appreciation and which strategy makes sense for which investor stage How to force appreciation so you never have to rely on outside market conditions  Why forecasting your market is far superior to trying to time it Whether or not cash flow is too slow of a strategy to build real wealth  What happens to appreciation if a housing market recession is on the horizon  And So Much More! Links from the Show Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Cash Flow vs. Appreciation—What Experienced Investors Know About the Debate That You Don’t What Is Forced Appreciation? Why Cash Flow Beats Out Appreciation in Real Estate Any Day of the Week Connect with Dave and Our Panel of Guests Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile James' BiggerPockets Profile Jamil's BiggerPockets Profile Kathy's BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-5 Learn more about your ad choices. Visit megaphone.fm/adchoices

The Fed and interest rates—what one does, the other follows. Over the past two years, we’ve seen interest rates crash to all-time lows, only to skyrocket back up to decade-long highs at the start of this month. This turbulence has swept the legs of many prospective homebuyers and has caused the housing market to go from red-hot to lukewarm in only a matter of weeks. What’s causing these rapid fluctuations and are rising interest rates the new norm? There’s arguably no one better to ask this question than Nick Timiraos, reporter and economic correspondent at The Wall Street Journal. Nick keeps a tight pulse check on The Federal Reserve at all times. In his newest book, Trillion Dollar Triage, he discusses why The Federal Reserve made the shocking moves they did in 2020, and how their decisions affect every American today. Dave Meyer and James Dainard use today’s interview with Nick as a chance to ask the how, why, and when questions about The Federal Reserve, inflation, interest rates, and the housing market as a whole. Nick discusses the warning messages that The Fed has been sending over the past few months that should give investors an inkling of what is to come in the second half of 2022. If you’re a real estate investor or casual homebuyer, these signals could dramatically shift when and how much you offer on a home. In This Episode We Cover The main goals of The Federal Reserve and how they change markets to achieve them How the 2008 housing market compares to the 2022 housing market Where The Fed thinks we’re going in 2022 and how interest rates will affect this The biggest factors influencing today’s high inflation rates and when we can expect to see a more normal economy The silver lining behind a slower housing market that real estate investors should pay attention to How investors can increase their chance of investing success in the coming years And more economic obscurities! Links from the Show BiggerPockets Forums The Wall Street Journal On The Market Dave's Instagram Dave's BiggerPockets Profile Jame's BiggerPockets Profile Jame's Instagram Connect with Nick Nick's Twitter Profile Email Nick: Nick.Timiraos@wsj.com Nick's Wall Street Journal Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-4 Learn more about your ad choices. Visit megaphone.fm/adchoices

When choosing a 2022 housing market strategy, you’ll need a few key ingredients. Things like job growth, population growth, affordability, and new construction are just a few ways to see whether or not a real estate market will stand the test of time. As the housing market begins to see some stalled demand and we enter into potentially “bubblicious” territory, the smart investor begins looking for the best place to park their money for the long term. Back again for our second episode of On The Market is VP of Data and Analytics at BiggerPockets, Dave Meyer, buy-and-hold addict, Henry Washington, head honcho of wholesaling, Jamil Damji, and our resident Californian, Kathy Fettke. This time, we’ll be touching on the latest data and news claiming that the US is starting to enter into a housing market bubble and how demand has sharply declined since interest rates have begun to rise. We also share our favorite 2022 housing market picks for investing, with some markets you’ve heard of and others you may have never thought to invest in. If you want to get ahead of the curve while dodging the housing market hype, you’re in the right place. In This Episode We Cover Whether or not low unemployment numbers will change the course of the economy in 2022 Why (and how) housing market demand changed and what investors can do to take advantage The Fed’s “housing bubble” alert that has homebuyers stalling to make offers How expert investors research, vet, and pick their real estate investing markets  The eight best housing markets of 2022, plus how to vote for your favorite Why 2022 may be the best time to NOT fly business class And more economic obscurities! Links from the Show BiggerPockets Forums Fundrise Redfin Kathy's Podcast BiggerPockets Data Drop What the Average Homebuyer Can Learn from House-Hungry Investors (Episode) FRED Econominc Data  Redfin Migration Report Pfizer Johnson & Johnson Tyson Foods JB Hunt BiggerPockets's Instagram Connect with Dave On The Market Dave's Instagram Dave's BiggerPockets Profile Connect with Henry Henry's Instagram Connect with Kathy Kathy's Company Website Connect with James Jame's BiggerPockets Profile Connect with Jamil Triple Digit Flip Jamil’s Instagram Check the full show notes here: https://biggerpockets.com/blog/on-the-market-3 Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market relies on many things: market sentiment, Federal Reserve policy, supply, demand, interest rates, inflation—the list goes on and on. For most homebuyers, it may seem almost impossible to crack the code of when (or if) it makes sense to buy a home or rental property. But, as we’re seeing housing market turbulence, we’re also seeing investor activity skyrocket. What do experienced investors know that we don’t? Joining us for the first episode of On The Market is VP of Data and Analytics at BiggerPockets, Dave Meyer, real estate investing expert Henry Washington, builder, buyer, and landlord, Kathy Fettke, home flipping extraordinaire James Dainard, and arguably the biggest (and best) wholesaler in the United States, Jamil Damji. This week’s episode focuses on 2022 housing market predictions, where each guest gives their take on where the housing market may end up at the closing of this year. We also touch on how to invest in 2022, updating your investing strategy, whether to wait or invest, and the double-edged sword of debt that can make you rich, or sink your ship. In This Episode We Cover The “professional eater” who’s buying the homes you’re losing out on Our home appreciation, rent price, and inflation predictions for 2022 Pivoting your investing strategy so you can take advantage while others sit on the sidelines Using leverage to build wealth (without losing it all!) How rising salaries are fighting off the negative effects of high(er) interest rates What institutional investors know about the housing market that you don’t And more economic obscurities! Links from the Show BiggerPockets Real Estate Podcast Kailyn's BiggerPockets Profile On The Market Youtube Channel BiggerPockets Forums On The Market Data Drop Connect with Dave On The Market Dave's Instagram Dave's BiggerPockets Profile Connect with Henry Henry's Instagram Connect with Kathy Kathy's Company Website Connect with James Jame's BiggerPockets Profile Connect with Jamil Triple Digit Flip Jamil’s Instagram Check the full show notes here: https://biggerpockets.com/blog/on-the-market-2 Learn more about your ad choices. Visit megaphone.fm/adchoices

Investing with confidence requires staying informed. But with news sources giving conflicting takes on the economy, it can be hard to sift through the headlines and find the relevant information. Join On the Market, a BiggerPocket’s Podcast, presented by Fundrise, every Monday for a fun, fact-driven glimpse inside the world of real estate, personal finance, and economics. Learn more about your ad choices. Visit megaphone.fm/adchoices