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Most people are missing out on what could be the best real estate investments of 2025. Why? Most investors don’t even know about them or have never had access to invest in them before. Today, we’re talking to Fundrise CEO Ben Miller about how he’s taking these once elite-only investments and making them available for the average investor. These investments, for the most part, beat out regular rental properties with sizable returns and way less work. So, what’s the catch? Is there a catch?
If you want to get ahead of the curve and know the investments that smart money (managing BILLIONS of dollars) is making, our interview with Ben truly delivers. We’re getting into how “debt” investors are making serious money off of lending to real estate investors (just like you) and the almost unbeatable returns they’re collecting, plus the new type of investment Fundrise is opening up for regular investors. This is a first, as everyday investors have seldom been able to break into this asset class.
Finally, Ben gives us his outlook for the 2025 economy and why he’s feeling a bit anxious, even with so many economic factors falling into place for a soft landing.
In This Episode We Cover
The one real estate investment making regular double-digit returns with significantly less work
Why housing inventory could shrink even with our massive multifamily “oversupply”
The “securitized” real estate elite investors used to have a monopoly on (you can get in on it now)
Venture capital and why Ben is bullish on AI companies for 2025 and beyond
The surprisingly solid state of the economy and why Ben feels anxious (and you might, too)
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
Dave's BiggerPockets Profile
Is Now a Better Time to Invest in Real Estate Debt or Equity?
Ben's BiggerPockets Profile
Grab the Book on Private Money Lending “Lend to Live”
Jump to topic:
(00:00) Intro
(01:41) What to Invest In NOW?
(04:40) Housing Inventory Will Shrink
(08:20) Less Risk, Way Higher Returns
(15:01) "Securitized” Debt Explained
(18:22) What Can “Normal” Investors Do?
(20:52) Venture Capital Investing for All
(26:12) Optimistic for 2025?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-267
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Everyone is awaiting the 2024 presidential election results—especially homebuyers. As mortgage rates rise again, potential homebuyers are sitting on the sidelines, hoping that the next president could make it a little easier to purchase a house. Is this housing market slowdown just a temporary phenomenon before the biggest political event of the past four years, or could this last well into the winter? We’re covering it on this headlines show!
Could a “Trump trade” push bond yields up and mortgage rates as well? Some economists are betting that a Trump presidency would mean higher mortgage rates. We’ll also talk about California’s Prop 33, which, if passed, could allow more stringent rent control on landlords in the Golden State. With rising costs for property owners, could this lead to landlords selling their rentals to escape California’s tenant-friendly laws?
If you want to escape the election cycle, we’ve got you covered. Our last story touches on the best companies for career growth, and if you’re trying to up your skills (and your income) next year, applying for a job at any of these companies could help you!
In This Episode We Cover
The pre-election housing “slowdown” and why many homebuyers are pausing on purchasing
A new mortgage rate update and what’s causing rates to rise back to seven percent
The “Trump trade” and why economists are worried it could push bond yields up
California’s newest rent control proposition and what it means for landlords in the state
The top companies for career growth in the United States (grow your income!)
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
Proposition 33 Ignites Fierce Debate Over California Rent Control Laws
Do Elections Affect the Housing Market? Here's What Experts Say
Real estate in for a fright as mortgage rates return to 7%
Proposition 33 Ignites Fierce Debate Over California Rent Control Laws
These Are The Best Companies For Career Growth, Ranked
Grab Dave’s Newest Book, “Start with Strategy”
Jump to topic:
(00:00) Intro
(01:01) Pre-Election Housing “Slowdown”
(13:03) The “Trump Trade”
(16:48) Prop 33 Rent Control?
(24:15) Best Companies for Career Growth
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-266
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Saknas det avsnitt?
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Evictions suck—for everyone. They’re bad for the property owner, the tenant, and America as a whole. On the lowest end of the spectrum, evictions cost Americans over $14,000,000,000 (that’s BILLION) per year. With this massive sum spent on court fees, attorneys, moving trucks, and lost rent, how do we STOP evictions before they happen? What can landlords do to ensure they NEVER have to kick out another tenant for nonpayment? Today, we’re discussing the true cost of evictions and how to avoid them.
We’ve brought our own Market Intelligence Analyst, Austin Wolff, back to the show to share how much evictions cost for the landlord, how much they cost to the tenant, and how much they cost society. We’re breaking down which costs hurt real estate investors the most during the process and how long it may take you to get a non-paying tenant out of your house.
Once you’ve been seriously sticker-shocked by the price of an eviction, James brings us some actionable steps he uses daily to avoid evictions at his rentals. He recently had one of the worst evictions, costing him SIX FIGURES. He shares what to do so this DOESN’T happen at your investment property, plus the type of rental you can provide that attracts the highest-quality tenants.
In This Episode We Cover
The astronomically high cost of evictions in the United States
How long evictions usually take, and why they often drag out months (or even years)
The cost of an eviction to a tenant and the fees they have to pay once they’re forced to leave
How to avoid evictions from the start by following some quick tips from James
The key to maintaining a high rent collection rate in your rental portfolio (fewer evictions)
What to do if you inherit tenants you suspect WON’T pay once you purchase the property
Overall economic impacts of evictions and why we MUST reduce them
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Property Manager Finder
Dave's BiggerPockets Profile
James' BiggerPockets Profile
Austin's BiggerPockets Profile
6 Strategies That Help Landlords Avoid Evictions
Grab “The Book on Managing Rental Properties”
Evicted Book
Jump to topic:
(00:00) Intro
(02:23) Most Expensive Eviction Ever?
(05:23) Cost/Time It Takes to Evict
(14:11) The Cost to Tenants
(18:57) Serious Economic Effects
(22:47) How to Avoid Evictions
(29:44) Inheriting Tenants (What to Do)
(32:09) Astronomical Total Costs
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-265
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Which generation is taking control of the housing market? With Baby Boomers sitting on an enormous amount of equity-based wealth, younger generations now have to do their part to get in the game, but who is faring best? Gen Z is hungry to get into homeownership, but with their high cost of living, credit card and student debt, and low affordability, will they be a forever-renter generation? What about Millennials, many of whom were financially shell-shocked after leaving college and entering the workforce during the Great Financial Crisis? And don’t worry, Gen X, we didn’t forget you (even though almost everyone else did).
Today, Dave and each of our experts have taken one generation to report on. We’ll talk about Gen Z, Millennials, Gen X, and Baby Boomers—how much wealth they hold, their debts, whether or not they’re buying houses, and how they could affect the future housing market. Plus, we’ll touch on the financial mentality behind each generation and whether or not they have what it takes to become homeowners.
Finally, will the “Silver Tsunami” ever happen when Baby Boomers pass away and the flood of Boomer-owned houses hits the market? We’ll discuss the likelihood of this happening and whether or not the growing trend of “aging in place” could keep our housing inventory at rock bottom.
In This Episode We Cover
Why Gen Z is so poised to start buying real estate (but will they be able to?)
The Baby Boomers’ massive amount of equity wealth that may benefit the future generations
The largest generation of homebuyers that is still actively looking for places to live
Why this “forgotten generation” might be one of the wealthiest to come
The chance of a “Silver Tsunami” and what happens when Boomers pass down their housing wealth
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
Grab Henry’s New Book, “Real Estate Deal Maker”
Find an Investor-Friendly Agent in Your Area
Boomers Hoard Houses, Millennials Struggle to Buy, But Gen Z Gets Ahead
Jump to topic:
(00:00) Intro
(02:58) Gen Z - The Renter Generation
(10:47) Millennials - The Homebuyer Generation
(16:51) Gen X - The Forgotten Generation
(26:18) Baby Boomers - The RICH Generation
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-264
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Does it feel like we’re in a recession? People are constantly discussing layoffs, many Americans are in credit card debt, home ownership seems unachievable, and you probably feel like you should be making more money based on how expensive everything is. But, on the other hand, inflation is down, stocks are up, and unemployment is still (relatively) low. This is what Nicole Lapin would refer to not as a recession but a “vibecession;” it feels like we’re in a recession, even if we aren’t.
As a renowned journalist, author, and money-minded podcast host of Money Rehab, Nicole is one of the best in the industry to come on and explain the state of the American consumer, why they feel so negative toward the economy, and what good news we have going into 2025. Nicole is breaking down exactly why Americans feel so disconnected from our growing economy and the reason consumers are getting frustrated.
But it’s not just bad vibes (okay, enough with the Gen-Z verbiage); there are “bright spots” in the economy that few are paying attention to. These data points come close to proving that we may be out of recession territory and confirm that the Fed did achieve its “soft landing.” Are we on our way to finally feeling good about the economy again?
In This Episode We Cover
Why it feels like we’re in a recession even though the economy is growing
The disconnect between men and women and who’s more optimistic in 2024
Did the Fed actually achieve their soft landing and an inflation rate update
The good news on wage growth (with a BIG caveat)
Rising credit card debt and whether or not this is a precursor to economic crisis
The “bright spots” in the economy that point to some good news for Americans
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
Here’s What the U.S. Consumer Tells Us About the State of the Economy
Money Rehab
Thinking, Fast and Slow
WSJ: The State of America’s Wallet
Build Wealth in Any Market Cycle with “Recession-Proof Real Estate Investing”
Jump to topic:
(00:00) Intro
(01:50) Welcome to the "Vibe-cession"
(05:18) Men vs. Women Economic Sentiment
(06:59) Wages Grow, But...
(10:56) Consumer Debt is Climbing
(16:23) GOOD News for the Economy
(18:42) Hope for Average Americans
(21:39) Where is the Economy Headed?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-263
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Housing affordability in America is the lowest it’s been in forty years. Every year, there are fewer and fewer affordable places to buy a house, and many of the cities that used to be affordable have become so popular that they’re now the pricey ones. Are there any affordable housing markets left, and if so, which ones should investors pay the most attention to? We did a new data analysis on American housing markets to bring the exact list to you today.
Austin Wolff, our own BiggerPockets market intelligence analyst, spent some time analyzing housing markets that not only have job, population, and wage growth but also have affordable home prices perfect for investors. Today, he’s sharing this new list, along with some of the least affordable housing markets that are nearly impossible to break into without millions of dollars.
But is America the only country suffering from a stubborn unaffordability crisis? Many of the top economies are also feeling the sting of high inflation, limited real wage growth, and strong home price appreciation. But are we doing better or worse than many of the top developed countries? We’re sharing those stats, too!
In This Episode We Cover
America’s affordable housing crisis explained, and whether it’s going to get better or worse
Most affordable housing markets with job, population, and income growth
Comparing American home prices vs. other top economies’ home prices
The least affordable real estate markets with the highest home-price-to-wage ratios
The single most affordable city in the United States that could be an excellent investing market
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
Kathy's BiggerPockets Profile
These Are the 10 Most Affordable Markets To Invest in During 2024
Bankrate’s 2024 Home Affordability Report
Why Trump and Harris Aren’t Talking About the $1.8 Trillion Deficit
Austin's BiggerPockets Profile
Grab Dave’s Book, “Real Estate by the Numbers”
Jump to topic:
(00:00) Intro
(02:36) Why Affordability Matters
(04:59) Most Unaffordable Period Ever?
(08:00) How Does America Compare?
(12:23) Least Affordable Markets
(15:09) Most Affordable (Growing!) Markets
(24:35) Will Affordability Improve?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-262
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While short-term rentals are seeing slowing demand, mid-term rentals are taking off (and fast). Mid-term rentals, also called medium-term rentals or MTRs, are thirty-day or longer stays, usually for traveling professionals or those who need temporary housing while relocating. These rentals give you more rent than a regular long-term rental, less turnover than short-term rentals, and can be successful in even the most average of markets. Where are MTRs heading next? We brought on Jeff Hurst, CEO of the leading MTR listing website Furnished Finder, to share the data he’s seeing.
Jeff believes MTRs are still years away from peaking in demand and supply. But maybe he’s a little biased as someone who works in the field. Even as an industry insider, Jeff brought some solid stats that show that MTR is far from falling off the investing map. He’s so bullish on this strategy that he believes MTR is now where Airbnb was in 2012. But what should you do to get in on MTR investing?
Jeff shares the best MTR markets and signs for whether or not your city could be a great place to try it, plus the surprising property type that works best for this strategy (MUCH more affordable than short-term rentals) and how landlords and investors can find tenants WITHOUT going through pricey booking platforms.
In This Episode We Cover
The state of the mid-term rental market and why it’s looking much brighter than short-term rentals
Mid-term rental investing explained, and who’s staying at these properties
Why rural markets actually make terrific mid-term rental investing areas
How to start investing in mid-term rentals WITHOUT owning a single property (rental arbitrage)
How to find tenants for your mid-term rentals without paying high listing fees
The (surprisingly) small property types that work best for mid-term rentals
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
How to Invest in Medium-Term Rentals
Furnished Finder Stats
Grab the MTR Book, “30-Day Stay”
Jump to topic:
(00:00) Intro
(01:57) What Are Mid-Term Rentals?
(06:21) Mid-Term Demand is Still Growing
(09:58) Best Mid-Term Markets
(18:19) Are We Past the Peak?
(20:26) Finding Tenants
(23:59) Fewer Regulations?
(30:03) Bullish on Mid-Term’s Future
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-261
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America is experiencing a strange housing supply problem. On one hand, we don’t have enough housing supply nationally; on the other, we have too much housing supply in cities like Austin and Fort Myers, and as a result, these cities are seeing significant rent declines. Meanwhile, rents are still going strong in much of the Midwest, as their supply-constrained markets give landlords and real estate investors the upper hand. But, even in the “oversupplied” markets, is there a chance for rent price redemption in the future?
We brought on BiggerPockets’ own Market Intelligence Analyst, Austin Wolff, to share his latest findings on housing supply. Austin talks about why rents are growing in some parts of the US but declining in more oversupplied markets. But with the slowing down of construction, will these oversupplied markets become undersupplied? Will landlords in these markets be happy they held onto their properties in a few years?
Austin also shares the exact market he’s making his first real estate investment, which boasts high demand but has yet to see a significant supply bump for his asset class. Does higher supply always mean lower rents? Not quite, and we’ll get into why in this episode!
In This Episode We Cover
The state of our 2024 housing shortage problem and why we may be under and oversupplied
Where rent prices are falling and the cities with the most supply coming online
When demand could finally “catch up” to the high supply these markets are experiencing
The correlation between supply and rent prices (and why they aren’t ALWAYS opposite)
Long-term rent projections as building starts to slow and demand stays high
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Easily Identify Your Next Market to Invest In with BiggerPockets Market Finder
Dave's BiggerPockets Profile
Connect with Austin
Check Out Austin’s Data-Driven Blog Posts
Bureau of Labor Statistics
Census Data
CoStar
Zillow Data
Master the Simple Formulas Behind Every Great Real Estate Deal with “Real Estate by the Numbers”
Jump to topic
00:00 Intro
04:49 Our 2024 Housing Supply Problem
08:22 Where Rents Are Falling
13:13 Demand Will “Catch Up”
17:31 What Happens When Supply Rises?
25:46 Long-Term Rent Projections
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-260
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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**UPDATE: We recorded this episode on October 1st, as North Carolina was beginning to recover from the damage caused by Hurricane Helene and before Hurricane Milton had formed. We approached this episode as an exercise in economic analysis -- an in-depth market analysis should include a deeper assessment of environmental risk than we had time for in this discussion. And of course, no investment is more important than human lives and safety. If you’d like to contribute to ongoing recovery efforts, please consider doing so here.
We talk a lot about the overall housing market, but what about the best states to invest in real estate? A state on the East Coast might see solid rents, booming business growth, and low inventory, while somewhere on the West Coast could be experiencing the opposite. At a state level, factors like economic strength, job growth, income tax, and others can greatly impact where Americans live and rent. So, which states would WE happily invest in now?
Today, we’re sharing the four states we feel bullish about in 2024, specifically for economic growth. And when there’s economic growth, there’s usually excellent investing prospects. You may have thought about investing in a few of these states before, and one of them you may have forgotten was even a state (sorry to those residents), but all of them boast real estate investing potential that many other parts of the US lack.
And, during a time when home prices are still high, some of these markets are seeing what could be a temporary decline, opening up the potential for you to go in and scoop up deals before their real estate markets begin to rebound. Which states are we most confident about? Stick around to find out!
In This Episode We Cover
Four states with booming economies and serious real estate investing opportunity
The tiny state with below-average home prices and most of the Fortune 500 companies
A southern state boasting serious potential as its real estate values try to recover
A “treasure hunting” housing market that may be overcorrecting a little too much
Why more tech is moving into this East Coast state and pumping up its property market
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Your Next Investing Market
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
On the Market Episode 251 - Would You Vote for Any of These Market-Changing Economic Policies?
What’s the Best Strategy for Your Market? Find Out with “Start with Strategy”
Jump to topic:
00:00 Intro
02:52 1. Delaware
11:38 2. Texas
17:13 What to Buy in Texas
20:05 3. Florida
22:21 Businesses Love the Sunshine State
27:12 4. North Carolina
35:30 Best State to Invest?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-259
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Did immigrants help keep landlords afloat during this tough housing market? New data may be pointing to just that. Today, we’re discussing one rarely mentioned housing market factor—immigration and immigrant renters. We’re talking about documented AND undocumented immigrants, asylum seekers, and what the effect of the massive influx in immigration has been on the renting market.
John Burns from John Burns Research and Consulting, joined by VP of Demographics Eric Finnigan, is back on the show to discuss immigration, household formation, migration patterns, mortgage rates, and the effects each of these factors has on the housing market. With immigration exploding (we’re in one of the largest immigration years EVER), the next obvious question is: how is this affecting rents/available homes? John and Eric bring in new data to share how immigration may have “bailed out” landlords during the worst parts of the market.
But that’s not all. We also touch on John Burns Research’s newest house-flipping survey and how flippers are surviving (thriving?) in today’s market. Why are builders becoming more bullish on the housing market? And could the recent mortgage rate cuts open the spigot of homebuyer demand in this already supply-constrained market? We’re digging into the data that answers these questions in today’s show.
In This Episode We Cover
The newest immigration and housing data pointing to some surprising conclusions for landlords
Why immigrants crossing the southern border are NOT just settling in border towns
How immigrants may have “bailed out” multifamily investors struggling to fill units
New multifamily supply and why builders are becoming more bullish in today’s market
Whether or not lower mortgage rates will lead to higher home prices
The state of house flipping in 2024 and whether flippers are still making money
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
U.S. Immigration Crisis: What It Really Means for Housing Markets and Investors
Get on the List for John Burns Research: [email protected]
Fix and Flip Survey
Master the Real Estate Formulas Before You Buy with “Real Estate by the Numbers”
Jump to topic:
00:00 Intro
02:11 Immigration is Exploding
04:59 Why “Households” Matter
06:40 Immigrants Boost Demand
08:50 Landlords Got “Bailed Out”
11:47 MORE Multifamily Development?
15:58 Mortgage Rate Cut Implications
23:37 Are Flippers Surviving?
29:06 Grab the Data!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-258
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Mortgage rates are finally falling, and Redfin is predicting a “brighter” housing market. Who’s leading the charge in new homebuyers? Surprisingly, the generation nobody expected—Gen Z. How are they doing it, and why are their homeownership rates so much higher than Millennials and Gen Xers at the same age? We’re digging into it and sharing our forecasts of what the coming housing market will look like.
But to understand where we’re headed, we have to peak inside the personal finances of Americans. In this episode, we’re breaking down the average American’s wallet, how much money they have, their credit card debt, and whether they’ll be able to weather the financial storm of rising costs coming at them. How can Americans cope with higher insurance, taxes, and home prices?
Why is Redfin so optimistic about the 2025 spring homebuying market? And what are we seeing right now in our own markets in terms of buyer demand? Have lower mortgage rates finally crossed the threshold where Americans feel comfortable buying a house? We’ll touch on all of today’s latest headlines in this show!
In This Episode We Cover
How Gen Z became the leading young homeowner generation
Lower rates, but still struggling affordability and the real solution to our housing problem
Optimistic news from Redfin about the 2025 spring housing market and the big JUMP in mortgage applications
The average American’s personal finances and whether they’ll be able to eat the cost of recent inflation
The downfall of work-from-home and why more Americans may be moving (and buying houses) soon
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
See Dave at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
Gen Z Is Dominating Their Parents in Homeownership—According to New Report
America’s home affordability crisis has a solution. Lower rates isn’t it
Redfin ramping up, sees a brighter spring ahead
The State of America’s Wallet
How Gen Z outpaces past generations in the homeownership race
Grab Dave’s Newest Book, “Start with Strategy”
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-257
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Are real estate syndications dead? Some multifamily syndicators are making capital calls and hiding information from investors who anxiously wait (and pray) for their money to be returned. A lot is going wrong, so should you pause investing in real estate syndications for now, or should you write them off entirely? Brian Burke, who saw it coming and sold almost everything before prices fell, is on today to give us his answer.
Joining him is a fellow syndication investor and BiggerPockets CEO, Scott Trench, who’s had his fair share of syndication headaches over the past few years. We’re going back in time, talking about what exactly went wrong for multifamily syndications, why we saw a rise in untrustworthy/inexperienced syndicators entering the market, and why multifamily specifically is taking the majority of the headwinds.
We’re also sharing the numbers on the almost unbelievable amount of multifamily investors who have short-term loans coming due, all at a time when interest rates are still high and values are close to (if not at) the bottom. We’ll even talk about our own failed deals and whether or not we’d continue investing in syndications.
In This Episode We Cover
Real estate syndications, general partners, and limited partners explained
Why the multifamily real estate market is a “traffic collision” in 2024
Areas of the country with the highest/lowest risk for real estate syndications
The astonishing amount of distressed investors with short-term loans coming due
Our own failed investments and whether we’d still invest in syndications
When multifamily real estate investments could finally rebound and become investable again
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
See Dave and Scott at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
Scott's BiggerPockets Profile
Multifamily Is at High Risk of Continuing Its Historic Crash in 2024—Here’s Why
PassivePockets
Brian's BiggerPockets Profile
Grab Brian's Book, “The Hands-Off Investor”
Jump to topic:
00:00 Intro
01:38 Real Estate Syndications Explained
11:11 Things Have Changed
19:07 Multifamily is a “Traffic Collision”
24:29 WHERE to Invest
29:20 Underwater Syndications
38:23 Are Syndications Dead?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-256
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The Fed’s recent rate cut signaled something clear about the US economy, but what are they trying to say? With a bolder rate cut than many of us expected, homebuyers, business owners, and real estate investors are seeing the light at the end of the high-rate tunnel, where borrowing money and buying houses could come at a lower cost. But with markets already anticipating a rate cut, did the recent cut even really matter?
Today, Federal Reserve reporter from The New York Times, Jeanna Smialek, shares her thoughts on what the Fed move meant after studying them full-time for over a decade. Jeanna believes that the Fed feels confident, even if this recent rate cut was overdue. Inflation has seen a substantial dropoff, but on the other hand, unemployment is rising, and Americans are getting nervous. Did the Fed move fast enough?
Jeanna also shares the future rate cuts we can expect from the Fed, with more potentially coming this year and a sizable series of cuts already lined up for 2025. How significant will the cuts be, and will they be enough to stop unemployment from getting out of control? How will rent prices and home prices move due to more rate cuts? We’re answering it all in this episode!
In This Episode We Cover
The Fed’s recent 0.50% rate cut explained and their forecast for 2025 rate cuts
The signal the Fed is sending by making a bigger rate cut (and preparing for more to come)
Why the Fed decided NOW was the time to finally cut rates (and whether it was too late)
Inflation updates and good news for the slowing of growing prices
Housing affordability and whether or not these rate cuts will help homebuyers/renters
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
See Dave at BPCON2024 in Cancun!
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Federal Reserve Cuts Rates By 0.50%, a Bigger Cut Than Expected
Read More from Jeanna
Get Jeanna’s Book, Limitless: The Federal Reserve Takes on a New Age of Crisis
Grab Dave’s Newest Book, “Start with Strategy”
Jump to topic:
00:00 Intro
01:40 The Fed Makes a BIG Move
05:31 Why Now?
07:40 Effects of a 0.50% Rate Cut
12:16 Inflation Trends
15:07 Will Home and Rent Prices Rise?
22:42 2025 Rate Cuts
27:20 How the Fed Has Changed
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Your real estate business could fail if you don’t do this right. We’ve seen it happen time and time again. A business finds success, starts growing at lightning speed to capture all the demand, and then burns out, leaving the business owner or investor (i.e., YOU) cleaning up the pieces of spectacular debris. Growing your business can be a HUGE mistake, but scaling it rarely is.
Today, we’re teaching you how to do just that—scaling your business to new heights so you can work less, your team (or future team) can accomplish more, and your wealth compounds in the background. And one person on the On the Market panel knows how to scale a business arguably better than anyone else—Kathy Fettke! Today, Kathy and her husband, Rich, are on to teach you how to start Scaling Smart (which is also the name of their new book!).
Kathy and Rich touch on why once-giants like WeWork failed so fast, how overgrowing can kill everything you’ve worked for, how to start hiring (and who to hire first), and the “never enough” trap that can keep you working for years (or decades) longer than you should. Plus, they even coach Henry and James on their own scaling struggles!
In This Episode We Cover
Why “scaling” (NOT growing) your real estate business is the smartest way to build wealth
The thirteen questions that will stop you from growing too fast (and failing)
Defining your “why” and the reason most investors burn out even after building wealth
When to start hiring employees, and what tasks you should outsource to them
Incentivizing employees to work hard for you while they build their own financial freedom
Being a “humble leader” and realizing that you’re NOT the best person for every job
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Property Manager Finder
See Dave, Kathy, and Rich at BPCON2024 in Cancun!
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
Rich's BiggerPockets Profile
The 3 Main Stages of Scaling Your Small Business
Grab Rich and Kathy’s New Book “Scaling Smart”
Jump to topic:
00:00 Intro
02:16 Why Big Companies Fail
08:00 How to NOT Overgrow
14:46 The “Never Enough” Trap
18:57 When to Start Hiring
26:04 Being a Humble Leader
26:53 Incentivizing Employees
38:19 Scale Smart and Live Your Life!
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The US economy isn’t doing as well as you think—it’s doing even better. While mainstream media outlets and grocery prices may make you feel that the US economy is struggling, the data points to something different. Inflation is getting under control, the Fed is about to lower rates, recession risks could be shrinking, and a long-term growth trend is emerging. The American economy is leading what Joe Brusuelas calls the “global recovery.”
Named 2023 “Best Rate Forecaster” by Bloomberg, Joe has an unmatched view of the economy at a macro and microeconomic level. Today, we’re talking to Joe about the state of the US economy and why it’s outperforming global players like China. Joe shares the “secret sauce” that is helping the US take center stage in global economic growth, which could keep us on course to see continued economic success for years to come.
But, with China’s economy showing cracks, the Middle East conflict getting more tense by the day, and the risk of recession still top of mind, what’s next for the US economy? Joe gives his economic outlook and shares the most significant risks the US economy could face, plus why he sees a BIG Fed rate cut coming in 2025.
In This Episode We Cover
The state of the US economy and why we’re seeing such unmatched economic growth
The “secret sauce” that makes the American economy particularly efficient
China’s growing economic troubles and whether it could bleed into the US economy
Fed rate cut predictions and why we may see a BIG drop in rates by this time next year
Joe’s US economic forecast and the regions of the US real estate investors MUST watch
Commercial real estate risks and whether we should still be worried about “the wall” of maturing debt
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
See Dave at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
On The Market Podcast 196 - China Falters, Israel’s Oil Danger, and Russia’s Assets Used Against Them w/Joe Brusuelas
Learn More from Joe
Grab Dave’s Newest Book, “Start with Strategy”
Jump to topic:
00:00 Intro
01:51 US Economy is Booming
06:52 Recession Risk?
08:43 China’s Economic Trap
13:31 Will This Hurt the US?
14:45 Middle East Oil Risks
17:42 US Economic Forecast
25:27 What Commercial Crash?
27:28 Fed Rate Cuts
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Are we finally at the end stages of this harsh housing market? With housing inventory increasing, mortgage rates steadily falling, and inflation cooling, we might be returning to a much healthier time to buy a house. But one of these improvements we’ve seen over the past year could begin reversing, and that’s creating some interesting future scenarios. One that even we’re surprised to hear as we bring on top housing market analyst Logan Mohtashami.
Logan has referred to 2022-2023’s housing market as “savagely unhealthy,” but he’s a bit more optimistic now that we’re seeing relief. While we’re still not at 2019 inventory levels (which were already low), we’re slowly getting there. However, we could see the positive inventory trend start to reverse, leading to even more affordability problems for homebuyers. So what has to happen for affordability to see meaningful improvement?
Today, Logan is giving us his take on housing inventory, where mortgage rates could be heading, and why we may NOT see a spike in home prices even if rates fall significantly (something most analysts are bullish on).
In This Episode We Cover
Logan’s housing market, mortgage rate, and inventory forecast
Why our increasing housing inventory could reverse once rates start to fall
The one thing holding affordability back and whether Logan has hopes of it improving
Why watching the labor market and jobs numbers will help you predict mortgage rates
Were we wrong about the “lower rates = higher home prices” premise?
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find Investor-Friendly Lenders
See Dave at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
Learn More from Logan
On The Market Podcast 86 - Here’s What Will Cause Mortgage Rates to Finally Fall w/Logan Mohtashami
Know the Ins-and-Outs of Real Estate with “Real Estate by the Numbers"
Jump to topic:
00:00 Intro
02:05 The "Baby Pivot" Stage
05:46 The Home Sales Recession
08:49 Housing Inventory Update
15:30 Rates Will Decline MORE If...
19:59 Mortgage Rate Forecast
24:48 When Will Affordability Improve?
29:05 Biggest Takeaways
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No matter who wins your vote during the presidential debates, odds are, the housing market will still have its problems. We’ve got high building costs, low inventory, and slow bureaucratic procedures that stop homes from being built or renovated. So, what would WE do if we were in charge of the country’s economic policies, and how would we use them to make a better housing market?
Welcome to the 2024 On the Market debates, where Dave, Henry, James, and Kathy duke it out over who has the best housing policy, economic plan, and…presidential slogan. We’re putting our plans out in the open for you to vote on. Dave is focusing on construction prices, Henry wants to “Make Housing Affordable Again,” Kathy is rallying to reduce government spending, and James wants to fast-track building and renovations so housing inventory can grow.
Who has the best housing market policy, and are there any you’d personally want to see on the ballot come the next election? Leave a review and let us know your thoughts, or give your take over on our YouTube channel!
In This Episode We Cover
Four economic policies we’d put into place TODAY to save the housing market
Tax breaks for investors and builders and why the government MUST incentivize affordable housing
Speeding up permitting times with a plan that could help those who can’t afford home repairs
Why we NEED more Americans learning the trades before it’s too late
Are prefab homes the future of affordable housing in America? Here’s why Dave thinks so
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
See Dave at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
How the Financial Policies of Trump and Harris Could Impact Real Estate Investors
Live Like Jett Foundation
Grab Kathy’s New Book “Scaling Smart”
Jump to topic:
00:00 Intro
03:57 Make Housing Affordable Again
12:31 Path of Progress
21:21 Scaling Smart
32:19 Construction is Too Expensive
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How will the Trump and Harris economic plans affect your investing? One candidate is looking to increase affordable housing and give homebuyers a break on their first property. The other plans to keep taxes low so you can save more money. Both are concerned about inflation and rising costs, but will either of their plans correct the national budget deficit we constantly find ourselves in? We’re digging into the 2024 election economics on this BiggerNews episode with economist Joel Naroff.
First, we’re discussing what happens economically during elections as Americans brace for a new president. Then, we dive into Harris’ economic plan and stance on inflation, cost of living, and affordable housing. She also has her eye on raising taxes for high-income earners, but will she bring things back to the pre-Trump era?
Next, the Trump economic plan. Just like in his presidency, Trump plans to reduce taxes even more, which could help those on social security and those who make their income from tips. The question is, will this loss of tax revenue put too much of a dent in our government’s budget and push us further into a deficit? Could Trump’s pro-tariff stance help stimulate local manufacturing and increase tax revenue from imported goods? We’re answering it all on this BiggerNews!
In This Episode We Cover
Trump vs. Harris’ economic plans explained and how they may affect investors
More affordable housing and Harris’ call to build millions of more housing units
Trump’s plan to push foreign goods out of the US with higher import tariffs
Rolling back Trump’s tax cuts and how Harris could increase taxes on corporations and high-earners
Social security income and the benefit (but high cost) of lowering taxes on it
How both of these plans could affect the national budget deficit
And So Much More!
Links from the Show
Stay Updated on Investing News with the BiggerPockets Blog
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Find an Investor-Friendly Agent in Your Area
See Dave at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
Naroff Economics
How the Financial Policies of Trump and Harris Could Impact Real Estate Investors
Grab Dave’s Latest Book, “Start with Strategy”
Jump to topic:
00:00 Intro
01:52 Election Economics
03:42 Harris’ Plan
8:38 More Affordable Housing?
12:16 Higher Taxes?
15:10 Trump’s Plan
19:11 More Social Security Income?
21:47 Eliminating Taxes on Tips
24:22 National Budget Deficit
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One startup is aiming to end traditional real estate commissions for good. Jobs numbers get their most significant downgrade in over a decade, forcing the Fed to rethink its rate-cutting schedule. And if that wasn’t enough, home sales fell in a historically hot month of the housing market. But are the expert investors worried? In this headlines episode, we’re sharing the latest news affecting the housing market and what YOU can do now to still make money in real estate, no matter the headline hype.
First, we’re talking about the latest home sales numbers. With a slow summer homebuying season, we may return to a “balanced” market where investors can thrive if they know what they’re doing. What could bring more demand to the market? Lower mortgage rates. And with the latest revision on job numbers, downgrading job growth significantly, the Fed may be forced to pivot and make bigger moves when cutting rates. Will it happen?
Lastly, we’ll discuss the new state of real estate agent commissions. After the groundbreaking NAR lawsuit that put agent commissions in limbo, a new startup has set out to offer flat-fee real estate agent services in an à la carte fashion. Will paying just a few hundred dollars get you the level of agent experience you need to close better real estate deals? We’re discussing it all in this episode!
In This Episode We Cover
The new real estate startup that could put traditional agent commissions in jeopardy
What investors should know as home sales drop and whether it's an opportunity
Planning for mortgage rates to fall and how to build in more investing upside if they do
The latest job numbers REVISION putting our economy in a different spot than we thought
Whether or not the Fed will change course now that job numbers don’t look as strong
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
See James, Kathy, and Henry at BPCON2024 in Cancun!
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
The NAR Will Eliminate 6% Commission Standards and Pay $418 Million in Damages After Settling Lawsuit
Two Things The Latest Home Sales Numbers Say About The Real Estate Market
U.S. job growth revised down by the most since 2009
After winning a landmark case against real estate agents, this startup aims to replace them with a flat fee
Economic Confidence Up Slightly in August
Pre-Order Kathy’s New Book “Scaling Smart”
Jump to topic:
00:00 Intro
01:15 Home Sales, Prices Drop
11:15 Planning for Rates to Fall
17:33 Job Numbers Get Revised
28:07 Agents Go Flat-Fee
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Recession fears are increasing. The stock market has taken substantial hits, housing inventory is climbing, and bank account balances are starting to fall. So, with more economic turmoil, we have to ask: will the housing market crash? And if we get a housing market crash, how bad (or good) will it be for investors? Could we see a 2008-style selloff, or should we be more prepared for small dips worth taking advantage of? Today, we’re asking two top investors these questions, one of whom literally wrote the book on Recession-Proof Real Estate Investing.
J Scott and James Dainard join us on today’s episode to discuss market crash predictions, scenarios, and opportunities for real estate investors. Both J and James experienced the 2008 housing market crash—an economic event almost impossible to forget. But is 2024 shaping up for a sharp decline like 2008, or will we simply see a slower real estate market like most people had expected when interest rates began to rise?
If the market DOES crash, what should you look for to take advantage, and how do you ensure you don’t get caught biting off more than you can chew? J and James break down their game plans if prices fall and why buying now could set you up for wealth ten years from now, IF you can handle the “fear” of buying when others are running from real estate.
In This Episode We Cover
New housing market “crash” predictions and how low prices could go
Why economic “fear” is rising now, and the recession indicators that are going off
Rising housing inventory and why experienced investors expected this already
The difference between the 2008 housing market crash and today
What could cause a housing crash and how to know it’s time to buy
The immense opportunities for investors that 99% of Americans will pass up
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Find Investor-Friendly Lenders
See Dave and James at BPCON2024 in Cancun!
Dave's BiggerPockets Profile
James' BiggerPockets Profile
J's BiggerPockets Profile
Why Has the Housing Market Not Crashed in Over 15 Years?
Grab J’s Book “Recession-Proof Real Estate Investing”
Jump to topic:
(00:00) Intro
(04:01) New Recession Fears
(14:25) Is This Like 2008?
(18:05) What Will Cause a Crash
(31:11) What to Do During a Crash
(36:56) Opportunity for Investors
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-248
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