Avsnitt
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Welcome to the first-ever On the Market Housing Market Awards! This year, we’re giving out awards for the best housing market in the country, best beginner real estate investing strategy, best experienced investor strategy, and most negative impact on real estate.
But we’re not just giving out the awards; we’re also getting one, as On the Market has recently been named a 2024 Webby Honoree for business podcasting! With over 13,000 podcast applicants, we made it to the top ten!
We’re honored to have been honored, but it’s even more of an honor to share our On the Market housing market picks with you in today’s episode! First, we’re pitting the country against itself to see which region has been giving the biggest win to investors. Then, we’re going over the beginner investor strategy that anyone can use to start building wealth in 2024 (it’s almost a cheat code!). For experienced investors, we share the best strategy that you can use to sit back and collect passive cash flow. Finally, we give our award for the most negative impact on the housing market; who will win: high interest rates, low inventory, inflation, or the “YouTube crash bros”?
Thank you again to the Webby judges for choosing On the Market as one of the best business podcasts in the world! And thank you, our listeners, for tuning in and loving On the Market—we wouldn’t be here without you!
In This Episode We Cover:
The newest podcasting award for the entire On the Market team
The best housing market in the country to invest in (and whether or not it’ll last)
One investing strategy that ANY real estate beginner can use to start building wealth
How to make truly passive income with this experienced real estate investing strategy
Why you CAN’T trust the "YouTube crash bros" who keep telling you housing is about to tank
Whether or not Dave is wearing sweatpants under his suit while recording this episode
And So Much More!
Links from the Show
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Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Kathy's BiggerPockets Profile
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2024 Webby Business Podcast Honorees
Book Mentioned in the Show:
Lend to Live by Alexandria Breshears and Beth Pinkley Johnson
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America is in an affordable housing crisis. With home prices rising dramatically over the past four years and rents following right along, tens of millions of Americans are spending a significant chunk of their income just to put a roof over their heads. This means less money in Americans’ pockets for education, nutritious foods, investments, or an emergency fund. But, new government policies could help lessen the budgeting blow Americans are feeling from unaffordable housing costs, and investors may be able to help while turning a profit.
Dennis Shea, Executive Director of the J. Ronald Terwilliger Center for Housing Policy at the Bipartisan Policy Center, has been fighting for affordable housing long before the recent ramp-up in housing costs. Today, we ask Dennis what caused our unaffordable housing market, why it got even worse after the pandemic, the impacts high home prices have on the economy, and the potential solutions every investor should know about.
We even ask the uncomfortable question: Are investors to blame for the state of housing prices? But worry not—Dennis shares numerous ways investors can actually help low-income households and their communities while turning a profit with affordable housing development. If you’re looking to invest while building an even better housing market, this is the episode for you!
In This Episode We Cover:
Why America is experiencing such a shortage of affordable housing units in 2024
The “root of the housing crisis” that MUST be solved for our housing market to stabilize
Why housing became even more unaffordable after the pandemic
One potential solution that could be a massive win-win for real estate investors and tenants
The affordable housing tax credit that could see a fifty-percent boost is passed
What investors can do to help build affordable housing WHILE turning a profit
And So Much More!
Links from the Show
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Find a Lender
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Resources Mentioned from Today’s Show:
A Bipartisan Opportunity To Address the Affordable Housing Crisis | Opinion
Bipartisan Policy Center
Exploring the Affordable Housing Shortage’s Impact on American Workers, Jobs, & The Economy
The American Housing Act
The Impact of Zoning On Housing Affordability
Connect with Dennis:
J. Ronald Terwilliger Center Website
Dennis' LinkedIn
Dennis' X/Twitter
Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-208
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Saknas det avsnitt?
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Mortgage rates were supposed to be going down by now, but what happened? Even in late 2023, many housing market experts predicted that we’d be seeing high to mid six percent mortgage rates at this point and hovering around the high five percent rate mark by the end of the year, but the Fed isn’t showing any sign of lowering rates soon. Some experts even believe rates could go UP again this year as the job market stays hot and the economy sees unprecedented strength. This begs the question: What IF mortgage rates remain high?
It’s a reality many of us don’t want to see, but 2024 could end with minor, if any, rate cuts, keeping monthly mortgage payments high and affordability low. So, what should an investor do in this situation? Sit on the sidelines? Invest in a different asset class? Pray to Jerome Powell? While that last option may be worthwhile, top real estate investors are saying that NOW is the time to buy BEFORE rates fall. What do we mean?
We’ve got the entire expert investor panel here to give their take on what investors should do IF rates don’t fall. From house flipping to long-term buy and hold rentals, our nationwide panel of investors shares exactly what they’re doing to make money even with high interest rates. Plus, we’ll give our predictions on when rates could fall, what will happen to housing inventory, what young people should do NOW to get their first house, and why investors need to “reset” if they want to thrive in this high rate housing market.
In This Episode We Cover:
Mortgage rate predictions and when interest rates could finally start falling
What should investors do IF mortgage rates stay high throughout 2024
The “lock-in effect” and whether or not high rates are leading to lower inventory
The homes that are flying off the market in many areas (and the ones that are sitting)
How young people can creatively get into their first home or investment property
Why investors MUST “reset” their expectations if they’re to build wealth in this housing market
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
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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
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Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
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The Federal Reserve Leaves Rates Untouched as Pressure Mounts on Inflation
Top Lenders on Mortgage Rate Predictions + Loans You’ve NEVER Heard Of
Why Mortgage Rates AREN’T Falling
Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-207
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For the past few years, “subject to” real estate has been all the rage. Everyone is talking about how they scored a great real estate deal by taking over a seller’s rock-bottom interest rate mortgage payment. You see it all over social media, “I got this house for zero dollars down with a three percent mortgage rate!” And while this may seem too good to be true, the practice of subject to real estate isn’t illegal, but some of its huge risks could ruin an inexperienced real estate investor.
So, who do we have on to talk about subject to? Eddie Speed! Eddie is a creative financing master who’s been in the real estate note investing business for over forty years. Eddie has been around the block more than most and has seen the good and bad sides of subject to real estate. It’s become alarming to Eddie how many inexperienced investors are using this strategy without knowing the risks, putting their wealth and, more importantly, sellers in danger by being far too cavalier about the massive downsides of getting this real estate strategy wrong.
Eddie walks through exactly how subject to works, the one clause that could blow up your entire deal, what will trigger it, the difference between subject to and assumable loans, who should be using subject to, and who DEFINITELY shouldn’t. Even if you’ve done a subject to deal before, you’d better stick around for this one, because you may have gotten it wrong.
In This Episode We Cover:
Subject to explained and whether this “no money down” strategy is worth the risk
Subject to real estate vs. assumable mortgages and why these are NOT the same strategy
The “due on sale” clause that could ruin your entire deal (and what triggers it)
A workaround to the “due on sale” clause that most investors get WRONG
Who should be investing in subject to real estate (and why it’s probably NOT you)
Often overlooked state laws that could put you in hot water if you’ve done a subject to deal
And So Much More!
Links from the Show
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Subject To Real Estate Explained
Connect with Eddie
Eddie's Facebook
Eddie's Website
Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-206
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Squatters’ rights are quickly being stripped away as more states move to end this widespread illegal occupation of private property. Blackstone predicts real estate prices to “bottom” as they gear up to go on their next homebuying shopping spree. Rent increases get capped for affordable housing, and why doesn’t the American public know about the BILLIONS of dollars in government housing subsidies? It’s another wild week in the housing market, so let’s get you up to speed.
In this Headlines Rumble show, we’re pitting the top housing market headlines against each other as we dive deep into the stories that affect real estate investors the most. First, we talk about DeSantis’ war against the squatters, as Florida becomes one of the first states to take action against squatters illegally occupying private property. Next, we discuss the $7.3 billion in housing subsidies that banks receive but AREN’T flowing into homebuyers’ pockets. So, where is all that money going?
Blackstone predicts real estate will “bottom” soon as they prepare to buy over $1 billion in single-family homes this year. If one of the most data-backed hedge funds in existence is saying now is the time to buy, should you begin searching for your next property? Finally, we’ll discuss the recent rent caps for affordable housing that are stopping landlords from increasing their rents even during times of quickly rising costs.
In This Episode We Cover
Squatters’ rights explained and why states are finally saying no to squatting
The massive homebuying subsidies that no one knows about (but should!)
Blackstone’s bet on a “bottoming” housing market and whether or not this means you should buy NOW
Affordable housing rent increase caps and why this may lead to even less affordable housing
The winning real estate market in our “Market Madness” bracket!
And So Much More!
Links from the Show
Find an Agent
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Join BiggerPockets for FREE
On The Market
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Subscribe to The “On The Market” YouTube Channel
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Market Madness: 8 Housing Markets We’d Place Big Bets on in 2024
Flip/Off: Whose House Flip Can Pull In the Biggest Return?
Articles from Today’s Show:
Squatters
Delinquency Rates
Home Renovation Costs
Housing Subsidies
Blackstone
Rent Caps
Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-205
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The NAR lawsuit changed the real estate industry overnight. Just like that, buyer’s agents were no longer getting their standard three percent commission, and many investors began imagining what buying and selling homes would be like without realtors. But is this massive NAR settlement as dramatic as the headlines are making it out to be? Is there really an agent exodus on the horizon, or is this just a way for the bad agents to exit the industry quickly? We brought on a panel of top investor-friendly agents to find out.
Joining us are four agents from across the nation: Avery Carl, Craig Curelop, Juliet Lalouel, and Mike Savegnago. All of these agents are affected by the recent NAR lawsuit settlement, but they don’t seem so shaken up. For many of these agents, this lawsuit simply thinned the competition, putting the expert agents back on top while showing the less-than agents the door. Plus, after the recent deals they’ve done, they’re not too concerned about a lack of buyer’s agent fees.
Today, we’re asking each of them their thoughts on the changes to the NAR’s rules, how this will affect buying and selling homes, what this means for real estate agent commissions, and what agents should do NOW to get ahead of the game. Plus, since our agent panel is all investors as well, they give some crucial advice on finding an agent in your area that will help you build your real estate portfolio even bigger.
In This Episode We Cover:
The NAR lawsuit explained and what it means for real estate agent commissions
A “huge exit of agents” and how this could change the real estate industry forever
What to do when a seller offers you or your buyer’s agent a zero-percent commission
What real estate agents need to start doing NOW to ensure they still get paid
The key signs of an investor-friendly agent that any landlord should be looking for
Massive downsides of buying or selling without an agent (it will cost you…)
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
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Juliet's BiggerPockets Profile
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Mike's BiggerPockets Profile
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Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever
Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-204
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Compass is the latest brokerage to settle after the recent NAR lawsuit made sweeping changes to agent commission payments. With NAR, Keller Williams, Compass, and more associations and brokerages paying out massive settlement fees and rewriting their agent agreements, could we be on the cusp of even more lawsuits to come? We’re breaking it all down in this week’s On the Market headlines episodes!
First, we’ll discuss what happened in the Fed meeting last week and whether interest rate cuts could still be coming down the line in 2024. Unsurprisingly, the Fed has forecasted even stronger economic growth than expected, but will this hold rates where they are? Next, Compass pays $57.5 million to settle their antitrust lawsuit, but even with this week’s news and last week’s NAR settlement, many top agents aren’t seeing much of a change in demand.
Redfin reports on a sizable bump in housing inventory, with the “biggest increase in nearly a year,” as more homes for sale begin hitting the market. This is great news for the housing market, but will it start to slow down sales? Finally, we discuss how much you have to make to afford a $500K home and how affordability struggles could keep many Americans renting for much longer than they anticipated.
In This Episode We Cover:
Compass’ recent agent commission lawsuit settlement and what this means for investors
The Fed’s rate cut predictions for 2024 and when we can expect rates to finally fall
Strong economic projections from the Fed that point to a successful soft landing
What the annual spring housing inventory increase could do to the market (will it even make a dent?)
Housing affordability and how much you need to make to buy a $500K home
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
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Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever
Flip/Off: Whose House Flip Can Pull In the Biggest Return?
Headlines from Today’s Episode:
Fed Meeting
Compass Settlement
Housing Inventory
How Much to Afford a $500K Home
Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-203
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It’s March Madness season, so we thought we’d create a bracket of our own, pitting some of the best real estate markets against each other to see which one will win the top seed for best city to invest in 2024. Each of our expert hosts picked two real estate markets, all with a March Madness team, and share why these markets will beat out the rest in 2024. Need a new real estate investing market? You’ll find more than a few in this episode.
If you want a slam-dunk housing market with layup rental property potential and three-pointer demographic trends (population, jobs, and income growth), we’ve got you covered. We scoured the nation’s housing market data and picked some of the country's fastest-growing, most affordable, and highest rent-to-price property markets that you can start investing in now. And they’re not just good college basketball towns—almost all of the cities we list have standout rental property metrics compared to most average US cities.
Heard one of your favorite housing markets on this episode? Want to vote for the market you’re bullish on? Head over to the BiggerPockets Instagram NOW and vote for your favorite housing market for 2024; we’ll be sharing an update on the votes on a future On the Market episode!
In This Episode We Cover:
Coastal beach cities seeing MASSIVE population growth and strong appreciation potential
Kathy’s favorite Midwest market that offers affordable home prices and stable employment
A South Carolina city with well below-average home prices that even psychics predict will BOOM
An affordable market in the Northeast that hosts huge appreciation and one of the best universities in America
The “boring” southern city that’s sitting on a solid economy and cheap home prices
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
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Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
BiggerPockets' Instagram
Get a Slice at Frank Pepe’s Pizzeria Next Time You’re In New Haven
Books Mentioned in the Show
Start with Strategy by Dave Meyer
The Small and Mighty Real Estate Investor by Chad Carson
Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-202
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A bombshell NAR settlement could bring wide-sweeping changes to the housing market. After a snowball of NAR lawsuits, the realtor association agreed to settle for a whopping $418 million and make critical changes to how real estate agent commissions are paid and how competition can be upheld. This significantly impacts anyone buying or selling a home and has life-changing effects for every real estate agent and realtor in the country. The New York Times’ Debra Kamin joins us to break the story.
Debra breaks down the enormous legal loss that NAR (National Association of Realtors) suffered last week and the impacts it will have on the housing market. First, we discuss the new agent commission rules, which may break the standard six percent fee that realtors are used to taking. These commissions are real estate agents’ livelihoods, and a new model that supports lower commissions could force many agents to leave the industry entirely.
We’ll also touch on the turbulent times NAR has faced recently, from sexual harassment scandals to changing leadership and, now, a massive settlement that could lose them more than half of their members. Will a new type of real estate agent form from the ashes of this century-old model? Or, could a brand-new way of buying and selling homes transform the housing market? Stay with us; we’ll give you the entire scoop.
In This Episode We Cover:
NAR’s massive settlement creating ripple effects across the real estate market
The new real estate agent commission rules that could shock an entire industry
Changes to the multiple listing service (MLS) that may open the market up to new competition
The future of buyer’s agents and whether or not they’ll remain a critical component to buying a home
Sexual harassment scandals, turbulent leadership, and recent NAR struggles
What the future of using a real estate agent could look like
And So Much More!
Links from the Show
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BiggerPockets' Instagram
The NAR Will Eliminate 6% Commission Standards and Pay $418 Million in Damages After Settling Lawsuit
Is It the End of the Realtor? Inside the NAR Crisis
New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes
Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-201
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James Dainard, a house flipper in Seattle, Washington, has been on a flipping spree for the past two decades. He’s flipped more homes than you can count, made tens of millions in the process, and has built multiple massive businesses to support his flipping fixation. In the shadows, his young(er) protégé, Henry Washington, has been learning his every move and trick of the trade. To beat the top flipper, he must…become him. Now, these once brothers-in-flipping will face each other head-to-head in the money-making competition no one asked for but we wanted to make. This is FLIP/OFF.
Welcome to the 200th episode of On the Market! *confetti pops, fireworks go off* This time, we’re doing something special. This show will be a battle of the house flippers, as Henry and James detail two recent flips they’re working on and battle against each other to see who can score the highest return. Both of these deals are almost unbelievable in how high their cash-on-cash returns are, so if you want to know how REAL money is made in real estate, this is the show to catch!
Stick around because we’ll get into every detail and number behind these deals. Plus, we’ll be giving you deal updates soon, showcasing each flip and the progress our panel is making. Vote for your favorite flip on the BiggerPockets Instagram or the On the Market YouTube channel!
In This Episode We Cover:
A house flipping competition like never before (and the punishment at stake/steak for the loser)
James’ quick flip that could turn into a HUGE return in just a matter of months
House flipping risks and how longer timelines and delayed permits can destroy your profits
Henry’s home-run house flip that could make even MORE money than James’ much more expensive home
Burst pipes, flooding, mold, mildew, and even more fun surprises from one of these flips
Our favorite On the Market episodes of all time!
And So Much More!
Links from the Show
Find an Agent
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Subscribe to The “On The Market” YouTube Channel
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James' BiggerPockets Profile
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Kathy's BiggerPockets Profile
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Get All the Numbers from Henry’s and James’ House Flips
Our Favorite Episodes:
Homebuyers Are Getting Crushed: Are Landlords the Cause
Why NFL Players Are Buying Real Estate During the Recession
Listener Deals:
https://www.biggerpockets.com/blog/on-the-market-92?utm_source=youtube&utm_medium=description&utm_campaign=none
https://www.biggerpockets.com/blog/on-the-market-94?utm_source=youtube&utm_medium=description&utm_campaign=none
Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-200
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The Fed isn’t happy, but what’s new? After inflation numbers were released last week, showing higher-than-expected consumer price growth, our rate cut dreams could be slowly dwindling. Are we still on a timeline to see lower mortgage rates by summer, or is the US economy just too strong to prompt any help for prospective homebuyers? This story, and plenty more, are coming up in this week’s headlines show.
Ever get that feeling that someone is watching you? Airbnb recently announced a new policy that banned indoor surveillance cameras in hosts’ properties. This is a shock for almost every Airbnb guest and most hosts, too, as it seems we all incorrectly assumed that security cameras were only allowed on the OUTSIDE of a property.
But this episode isn’t just about short-term rentals. We have some good news for housing inventory, as new listings finally saw a bump, helping add some homes to the already supply-strained market we’re facing. We’ll also talk about new unemployment numbers that are trending in a direction the Fed wants to see but may not be enough to convince them of a rate cut. All that, and more, in this episode.
In This Episode We Cover:
A housing supply update and the “surge” of new listings that hit the market
New jobs numbers and whether rising unemployment is something we should worry about
Why the Fed may become even more hesitant to cut rates in 2024
New inflation and CPI (Consumer Price Index) numbers (and what they mean)
Airbnb’s newest “no indoor camera” policy and what this means for anyone hosting a short-term rental
The naked man in James’ newest investment property (will he EVER get out?)
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
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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
Henry's BiggerPockets Profile
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James' Instagram
Kathy's BiggerPockets Profile
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BiggerPockets' Instagram
Headlines from Today’s Episode:
New Listings
Job Growth and Unemployment
CPI and Inflation
Airbnb Cameras
BiggerNews: Why Mortgage Rates AREN’T Falling
Check out more resources from this show on https://www.biggerpockets.com/blog/on-the-market-199
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Welcome to the “redemption year” for real estate investing. We talk a lot on this show about the real estate deals being done all across the country. From interviewing flippers to developers to agents and investors, it always seems like there’s still money to be made, no matter the market. But is that really true? Or is it a bunch of pro-property investing propaganda that “big real estate” is pushing? To prove that there are indeed real deals to be done in 2024, we’re bringing on some of OUR latest investments and walking through the ACTUAL numbers on this show!
Each of our expert hosts (including Dave!) has a real estate deal to review on today’s episode. First, we’ll touch on James’ new joint venture partnership that’s making him a hefty six-figure profit that could almost be considered passive income. This deal alone could make James over $300,000—a sum that could change anyone’s life! Then, Dave jumps back into the market as he makes his first active real estate investment in YEARS. This home has a lot of potential, so what should he do with the property?
Next, the “Kat(hy)-Signal” goes up as a growing city in Oregon pleads our own Kathy Fettke to start developing homes so local workers have a place to live. Thankfully, she picks up an astounding deal from a local farmer who doesn’t know much about developing. Finally, we’re back to good ol’ Arkansas as Henry walks through the numbers of a quick house flip that could profit him $80K. But that’s not the only sweet part of this deal. Another big benefit comes from the lot right next door. What will Henry do with it? Stick around to find out!
In This Episode We Cover:
Why NOW is the time to buy as competition is low and “walk-in equity” is high
James’ almost passive real estate investment that could make him $300K
Develop, add an ADU, or do nothing—what’s the best move for Dave’s new property?
How Kathy is turning farmland into single-family houses for a small Oregon city
Henry’s quick house flip that is turning a stellar profit and what he plans to do on the extra lot that came with the deal
And So Much More!
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Simple Deals We’re Doing That Are Making MASSIVE Profits
Books Mentioned in the Show
Start with Strategy by Dave Meyer
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Disclaimer: Opinions expressed in this episode and written below are solely opinions of the hosts, guests, and writers and do not reflect the views of BiggerPockets.
The recent NAR lawsuits are paving a new path for real estate agents—one that could change how we buy and sell real estate forever. For the past century, the NAR (National Association of Realtors) has been the controlling association for the American housing market. With most real estate agents in the country being members, the NAR has gone without an alternative for almost the entirety of its existence—but that’s about to change.
Jason Haber and Mauricio Umansky, founders of the new “American Real Estate Association,” have come to give agents something different. To combat outdated fee structures, sexual harassment scandals, and a large bureaucracy, Jason and Mauricio wish to create an association that thrives on collaboration, innovation, and excellence for the best real estate agents so the industry can improve. But what type of changes are they thinking of?
Say goodbye to the “basic brokers,” as Jason and Mauricio lay plans to strengthen the skills of serious real estate agents, create more investor-friendly education opportunities, bolster the ethics of those buying and selling real estate, and bring more diversity and inclusion to the decision-making that often happens behind closed doors. This could be a new era for real estate agents—one where their destiny is in their own hands.
In This Episode We Cover:
Recent NAR lawsuits that could put the trade association in jeopardy
Breaking up the broker “monopoly” by finally giving real estate agents a choice
Agent innovation and why we DON’T need more agents…we need BETTER agents
Agent commissions, costs, and fees that could be changed with the American Real Estate Association
Why women MUST play a more prominent role in the future of the real estate industry
And So Much More!
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Hear Our Past Episodes on The NAR Lawsuits:
Lawsuit Explained
Verdict
Settlement
American Real Estate Association
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China’s economy is on its last legs. Thanks to massive overspending and high unemployment, the Chinese economy is beginning to break down, with real estate prices crashing at a scale similar to 2008 in the US. This is bad news for not only Chinese investors but also global investors with money in China. But could these tumultuous conditions spill over into the global economy?
We’ve got arguably the world’s best economic forecaster, Joe Brusuelas, back on the show to get his take on the global economy and what could be next for the US. Joe has studied the Chinese economy in-depth and sees a “debt and deleveraging period” forming. This is bad for Chinese investors, but will it affect the US housing market? Next, Joe speaks on the other global crises, from Israel to Ukraine to Iran and beyond. With our global reliance on importing commodities like wheat and oil, how risky are we getting with the massive Middle East and Eastern European conflicts?
Finally, Joe touches on domestic trends, including one substantial economic insight that could point to a new era of economic productivity in the US. This could be game-changing for you if you own stocks, bonds, real estate, or any other US-based investments. What trend are we talking about? Stick around; we’re getting into it all in this episode!
In This Episode We Cover:
China’s “debt trap” and how they massively slowed down economic growth
The “bad bank” solution that China could (but probably won’t) use to solve their housing crisis
How the US and India could become the primary economic forces in the global economy
The “risk matrix” and what could cause an oil crisis due to the Middle East conflict
How the US may use Russia’s assets against them in the Russian-Ukrainian conflict
A huge economic indicator pointing to a new era of productivity for the US economy
And So Much More!
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Hear Our Last Interview with Joe On The “New Era” Of Higher Prices, Interest Rates, and Employment
Is the Global Economy About to Collapse? Inside China’s Real Estate Crisis
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Rent prices peaked in 2022 after a double-digit percentage run-up. Due to more household formation, disposable income, and remote work availability, Americans were doing whatever they could to upgrade their housing to bigger, better, and often more expensive options. But, after interest rates shot up, the economy began to cool, and work-from-home became a not-so-sure thing, Americans became more budget-conscious. As a result, vacancies rose, and rent prices began to fall. So, how close are we to seeing rent growth return?
Apartment List’s senior housing economist, Chris Salviati, joins us to share what his team has seen in the nationwide rent data. Chris looks mostly at large apartment data—the sector that’s been hit the hardest in recent years. With multifamily properties struggling to find renters and lowering their asking prices to prompt demand, you’d think the market had found a bottom—but this isn’t the case.
A tidal wave of multifamily inventory is about to come online, and when it does, multifamily investors will be forced to compete with the newest and most luxurious options on the market. Will this oversupply trickle down to single-family rentals, or will renters turn away from the A-class buildings in search of more affordable options? Chris gives us his thoughts, plus future rent growth predictions, in this episode!
In This Episode We Cover:
What happens to rent prices when 1,000,000 more multifamily units come online
Markets that have the most oversupply and could see significant rent cuts
The massive concessions multifamily apartments are giving new renters
When real estate investors can expect rent growth to pick back up
2024 rent price predictions and whether demand could come back
How single-family rental prices will be affected by multifamily’s huge oversupply
And So Much More!
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Rents Show Biggest Decline in 3 Years—Should Landlords Panic?
Multifamily Is at High Risk of Continuing Its Historic Crash in 2024—Here’s Why
2024 Rental Market Outlook: Is a Shift Coming?
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Most real estate markets in America saw huge home price growth over the past five years. Ever since the pandemic, equity and appreciation have been slingshotted to new heights, with some housing markets having over FIFTY PERCENT home price appreciation in just a few years. Today, we’re touching on the four top appreciation markets in America, all of which saw massive price jumps over the past five years, and some are even still affordable!
But, if you’re like most real estate investors, you’re screaming at your screen, “What about the cash flow? You can’t bet on appreciation!” Well, we’ve already read your mind as we get into a debate over whether or not appreciation SHOULD be accounted for before buying a property and whether or not it’s better than cash flow. Surprisingly, some of our appreciation-rich experts prefer cash flow, while our cash flow market investors prefer appreciation.
Stick around as we dive into the top appreciation markets in America, which ones we’d invest in, which ones may be on a downward trend, and why many Americans love the mountains so much they secretly want to be ranchers instead of nine-to-five workers.
In This Episode We Cover
The top four appreciation and equity growth housing markets in America
How work-from-home changed the housing landscape forever
Whether or not to underwrite for appreciation when analyzing your real estate deals
The signs that your real estate market is about to experience explosive appreciation
A cash flow vs. appreciation debate and the surprising choice most investors would make
What you MUST do before you make an appreciation bet on a rental property or housing market
And So Much More!
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Cash Flow Isn’t Dead: 4 Markets With The Highest Rent-to-Price Around
Cash Flow vs. Appreciation: What Experienced Investors Know About the Debate That You Don’t
Books Mentioned in the Show
Real Estate by the Numbers by Dave Meyer and J Scott
Retire Rich with Rentals by Kathy Fettke
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-194
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Which investing trends could make you wealthy in 2024? First, we had long-term rentals, then the BRRRR strategy, short-term rentals, medium-term rentals, syndications…the list goes on and on. And while trends come and go, acting on them at the right time could be your ticket to financial freedom. So, which trends are worth investing in this year, and which are dying out and should be avoided? We’re giving our takes on this episode.
Some of the trends in this episode are brand new—only with advanced technology have these investments even been made possible, but some are trends you may already be part of. From room rentals to very flexible commercial investments, Elon Musk’s new affordable housing, and a way to “build” your own one percent rule properties, these trends have gone mostly unnoticed but are sure to catch fire in the coming years.
But, some trends that exploded over the pandemic should be put to rest. These once cash-flowing investments reached their heyday in 2022 and 2023 and are slowly becoming lackluster (and often dangerous) investments for new investors. Which tactics are we talking about? Stick around to find out!
In This Episode We Cover:
Future real estate investing trends that could offer BIG cash flow in 2024 and 2025
The flexible commercial real estate investment that online businesses rely on to survive
Kathy’s billion-dollar idea for a match-making app using this specific strategy
How to maximize your dollar per square foot by renting out PARTS of your property
The new smart homes that could finally solve the affordable housing problem
How to create the one percent rule (EVEN in 2024) by building your own rentals
Dying trends that are seeing low cash flow, high vacancies, and tough turnover
And So Much More!
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James' BiggerPockets Profile
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Top 10 Real Estate Markets for Cash Flow in 2024
Cash Flow For Rental Properties: What is Average or Good?
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Cash flow real estate is hard to find. In almost any big city, making financial freedom-producing cash flow is becoming a pipe dream. But that doesn’t mean there still aren’t pockets of cash flow throughout the United States; you just need to know where to find them. Thankfully, we’ve done the work for you, putting together a short list of cash-flowing real estate markets with the highest rents and lowest home prices.
In this episode, we’re talking about cold, hard cash flow. More interested in building equity but still want some passive income on the side? We share four different strategies ANY investor can use to find cash-flowing rental properties in ANY market. Looking for a new market? You're in luck; we’ve got a list of four top cash-flowing real estate markets—but the real question is, would WE invest in them?
Finally, we’ll share our takes on whether or not cash flow is crucial, especially as it becomes harder to find. You’ll see why Kathy and Henry have stopped caring so much about mailbox money and are focusing on something much more important when building wealth.
In This Episode We Cover:
The four ways to find real estate cash flow EVEN in an appreciation market
The cash flow “situations” to look for whenever buying a new property
The argument FOR using less debt, but the big downside to consider
Four cash-flowing real estate markets with high rents and low home prices
Whether or not WE think cash flow is crucial for investors in 2024
The one thing that made Kathy very wealthy and why she stopped searching so hard for cash flow
And So Much More!
Links from the Show
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Kathy's BiggerPockets Profile
Kathy's Instagram
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Top 10 Real Estate Markets for Cash Flow in 2024
Cash Flow For Rental Properties: What is Average or Good?
Books Mentioned in the Show
Short-Term Rental, Long-Term Wealth by Avery Carl
30-Day Stay by Zeona McIntyre and Sarah Weaver
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-192
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Is college worth it? Many Americans are beginning to boldly state, “Nope!” But does the growing anti-higher education sentiment point to facts or fiction around the cost of college? We invited Dr. Anthony P. Carnevale, research professor and director of the Georgetown University Center on Education and the Workforce, to the show to give us up-to-date data on the true ROI of a college degree.
With America’s shockingly low college graduation rate and student loans being one of the biggest limiting factors of financial freedom for many Americans, it’s understandable why so many people are skipping college to go straight into the workforce. But the data paints an entirely different picture. Those who opt out of the traditional four-year degree system could be making a massive mistake, one that could cost them seven figures in the long run. A sum that size could be the game changer for finding financial independence.
In this show, we ask Dr. Carnevale about why college has gotten so expensive, the problem with freezing tuition, which majors make the most (and the least), and whether where you go to college even matters. Plus, he shares some shocking statistics about how much a degree is worth and why one group of Americans is ditching degrees in today’s strong economy.
In This Episode We Cover:
Keller Williams' settlement of $70M in the NAR agent commission lawsuit and what this means for the future of agent commissions
The rise of “niche” brokers and agents and why they may THRIVE in the coming years
Our crucial advice for first-time homebuyers that you CANNOT miss
Commercial real estate losses and how hard IS it to get an investor loan today? (this will surprise you)
New jobs report numbers that took many economists by surprise and what effect it could have on future mortgage rates
And So Much More!
Links from the Show
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Find a Lender
BiggerPockets Forums
BiggerPockets Agent
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On The Market
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Subscribe to The “On The Market” YouTube Channel
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Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
BiggerPockets' Instagram
Hear Dave on The “BiggerPockets Money” Episodes About College Degree ROI:
Is College Worth the Cost? This 30,000 Variable Study Says “Sometimes…”
Why 40% of Master’s Degrees Aren’t Worth It
Federal Student Loan Forgiveness Update: What Happens Now?
Connect with Dr. Carnevale:
Dr. Carnevale's LinkedIn
The Chronicle of Higher Education
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-191
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Just when you thought the NAR lawsuit coverage was over, Keller Williams agrees to settle for $70M, bringing a big blow to real estate agent commissions. How will this impact buyers and sellers, and are we entering a new age of home buying where only a fraction of the real estate agents exist? We’re getting into this headline and others affecting the housing market in BIG ways in this episode of On the Market.
Some agents will thrive while others barely survive in a post-NAR lawsuit world as real estate agent commissions are threatened once again. But it isn’t only agents getting hit hard this week. Banks have been “rocked” by real estate losses, primarily commercial real estate, as loans come due, but investors aren’t able to pay. One bank saw its share price slide by more than fifty percent this month as earnings reports showed a major loss from lending this quarter.
Finally, it wouldn’t be a headlines show if we didn’t touch on the jobs report. This month, we’re getting a mixed bag of good for the economy but bad for rates type of numbers. Jobs are growing, and the economy is still chugging along, but will this push rate cuts back as the Fed fails to find weakness in our economy? We’re giving you our thoughts on this episode!
In This Episode We Cover:
Keller Williams' settlement of $70M in the NAR agent commission lawsuit and what this means for the future of agent commissions
The rise of “niche” brokers and agents and why they may THRIVE in the coming years
Our crucial advice for first-time homebuyers that you CANNOT miss
Commercial real estate losses and how hard IS it to get an investor loan today? (this will surprise you)
New jobs report numbers that took many economists by surprise and what effect it could have on future mortgage rates
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
Kathy's BiggerPockets Profile
Kathy's Instagram
BiggerPockets' Instagram
NAR Slapped with $1.8B Lawsuit Payout, Ripple Effects Could Be “Enormous”
Articles from Today’s Show:
Keller Williams Settlement
Bank Losses
January Jobs Report
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-190
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