On The Market

If you want to invest in real estate in 2024, you need to prepare. This year could be a grand slam for those who know how to take advantage, but for everyone else sitting on the sidelines, don’t expect your wealth to grow. Expert investors, like the On the Market panel, are getting more aggressive than ever before as so many real estate investors give up on buying deals due to high mortgage rates, tight inventory, and a shaky economy. So, how do you get ahead of the masses?

In today’s show, we’ll share expert tactics ANYONE can use to invest in real estate in 2024. Some of these tactics come from our panel, but many can be found in Dave’s newest 2024 State of Real Estate Investing Report. This report includes even more data, tactics, strategies, and research you won’t hear on today’s show. And it’s completely free (head to BiggerPockets.com/Report24 or click here to download it!)

We’ve got tactics for flippers, traditional landlords, passive investors, and those still searching for cash flow in this high-rate world. Wherever you’re at in the investing cycle, whether you’re a beginner or a real estate veteran, these tactics could help you build wealth no matter what happens to the economy. 

In This Episode We Cover:

Expert tactics from the 2024 State of Real Estate Investing Report

Affordability trends and the properties that’ll attract the most renters 

Buying new vs. existing homes and which has better profit potential 

Value-add risks and why those willing to take them could make serious profits 

The passive investing strategy top investors are using to make mailbox money 

How to make your current portfolio even more profitable WITHOUT buying more properties 

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

2024 Housing Market Predictions: Home Prices, Interest Rates, & Opportunities

“We’re Going to See a LOT of Deals” in 2024, Says Top Multifamily Lender

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-167

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

Mortgage rates continue to fall as home buyer demand rises across the nation. We may be back to the times of bidding wars, “rapid appreciation,” and houses going under contract in days. But, most Americans are still sitting on the sidelines, thinking that real estate prices are too expensive to get in. Could this be a huge wealth-building mistake, and will we look back on 2023 prices as times when real estate was “cheap”?

We’re back with another correspondents show as Henry, James, and Kathy bring the latest housing market headlines. “But, where’s Dave?” you ask. He’s eating some pad thai, snorkeling, and probably still looking at Fed data, even on his honeymoon. But don’t worry, he’ll be back soon!

This time, we’re talking about the HUGE multifamily update that makes buying a multifamily rental property easier than ever before. If you want to get into real estate or try your first house hack, this is THE news you’ve been waiting for. Next, the most middle-class-friendly cities that you’ve probably never thought of. Then, the short-term rental “tenant from hell” who lived in a home for a year and a half rent-free, and what happened to the landlord as a result. And finally, some good news for buyers, as we discuss the slowly dropping rates and the massive opportunity they could bring.

In This Episode We Cover:

The new five percent down multifamily loan ANYONE can use to start investing

Cities with the best middle-class life and six-figure paychecks for the taking

The “tenant from hell” who cost a landlord over two hundred thousand dollars!

Mortgage rate relief and why mortgage demand continues to JUMP

Why “rapid appreciation” could be incoming as affordability increases with lower 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

Stories from Today’s Show:

Best Middle-Class Cities

Tenant from Hell

Mortgage Demand

Mortgage Rates Fell Last Week as a Recession Looms—Have We Turned a Corner?

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-166

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

LLC owners and anyone who owns real estate: TUNE INTO THIS EPISODE! Today, we’re talking to Brandon Hall, CPA, about an urgent change affecting EVERY LLC in America. Not knowing about this change could cost you up to $10,000 in fines, but don’t worry; Brandon will tell you precisely what you have to do to avoid the fine entirely!

Even if you don’t have an LLC, we’ve still got some 2024 tax tips to help you pay WAY less to the IRS this coming tax season. Brandon will review the new interest rate updates from the IRS and explain why you could owe much more than your taxes when you file. We’ll discuss the gradual decline of bonus depreciation and whether performing a cost segregation study in 2024 makes sense.

Lastly, we’ll touch on opportunity zones and what to do if you have a large gain you DON’T want to pay taxes on. Plus, an instant red flag when looking for a CPA!

In This Episode We Cover:

The one thing EVERY LLC owner must do to avoid a $10,000 fine

Bonus depreciation’s decline and how much you can write off in 2024

Cost segregation explained and whether or not this HUGE tax benefit is worth the effort anymore

Opportunity zone investing and turning a significant profit into tax-free investing 

The IRS’s new interest rates and penalties that could cost you thousands 

Where to find a CPA and one big red flag when searching for one

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

Hear Our Last Episode with Branon on “The Biggest Real Estate Tax Loophole”

Connect with Brandon:

Brandon's BiggerPockets Profile

Brandon's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-165

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

It finally happened. Inflation fell, mortgage rates dropped, GDP grew, and an unexpected jobs report was released. Is this the best news we’ve heard all year for the economy and the housing market? It sure sounds like it! We’re taking this episode to soak in all the good news from the past few weeks and point to an economic “sweet spot” that could make for PERFECT real estate investing conditions.

There’s been a LOT of good news to share recently, and we’re doing our best to give you the economic update you need! First, we’ll touch on updated core inflation numbers and why the stock market rallied and mortgage rates fell due to the announcement. Then, we naturally get into the Fed’s recent rate pause and why this might signify a strong housing market in 2024.

But that’s not all the good news. A new jobs report points to a shift in the right direction, one that not many people expected. Finally, we’ll give you a housing market update, from new home sales to days on market, homeowner equity, and all the signs pointing to a “sweet spot” for investing.

In This Episode We Cover

Bond, Inflation, and GDP rate updates and why investors are getting bullish on 2024

The investing “sweet spot” real estate investors MUST keep an eye out for

The Fed’s recent rate pause and what they’re telling Americans by holding steady 

New employment numbers that could make hiring even easier for employers 

A healthier housing market and the strong signs of a return to normalcy 

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-164

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

Our 2024 housing market predictions are here. Will interest rates finally fall? Will home prices continue to stay strong even with weak demand? And will we EVER “technically” enter into a recession? We’ve got the full On the Market panel here to give their forecasts on everything that could happen in 2024, plus where the biggest buying opportunities could be.

But first, we’ll painfully review our incorrect housing market predictions from 2023 and one BIG guess that we all got wrong. But we’re not the only ones! Both Zillow and Redfin had some predictions that didn’t age too well. From there, we’ll get into 2024 housing price predictions and whether or not we expect to see home prices FINALLY decline after a standstill year.

Then, what everyone’s been waiting for—mortgage and interest rates predictions. If these start to fall, you can assume that home prices will rise, a buying frenzy will ensue, and the bidding wars will begin (again). With the potential for a recession at some point in 2024, lower mortgage rates may result from an even worse economic event. So, what IS going to happen? Stick around for our predictions!

In This Episode We Cover:

Our 2024 housing market, interest rate, and home price predictions

What could cause mortgage rates to fall in the latter half of 2024

Recession probability and why Americans are spending more than ever before

What we got WRONG in our 2023 predictions (nobody’s perfect)

Best real estate investing markets in 2024 and why “unsexy” cities could win

The HUGE opportunity for cash buyers as banks seek to offload properties

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Subscribe to The “On The Market” YouTube Channel

Dave's BiggerPockets Profile

Dave's Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

Henry's BiggerPockets Profile

Henry's Instagram

James' BiggerPockets Profile

James' Instagram

Hear Our 2023 Housing Market Predictions

Where America’s Most Accurate Forecaster Sees Home Prices in 2024

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-163

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

Happy Thanksgiving! This Turkey Day, we're giving you an encore of our 2023 housing market predictions episode. Hear what we got right and what we (definitely) got wrong, and tune in next week for our 2024 predictions! 

______

The 2023 housing market predictions are here. We heard you in the forums, the comments, and all over social media. We know you want Dave, the data man, to give you his take on what will happen over the next year. Will housing prices fall even more? Could interest rates hit double digits? And will our expert guests ever stop buying real estate? All of this, and more, will be answered in this week’s episode of On The Market.

Unfortunately, Dave threw his crystal ball in with his laundry this week, so he’s relying solely on data to give any housing market forecasts. He and our expert guests will be diving deep into topics like interest rates, inflation, cap rates, and even nuclear war. We’ll touch on anything and everything that could affect the housing market so you can build wealth from a better position. We’ll also discuss the “graveyard of investment properties” and how one asset class, in particular, is about to be hit hard.

With so much affecting the overall economy and the housing market, it can be challenging to pin down exactly what will and won’t affect real estate. That’s why staying up to date on data like this can keep you level-headed while other retail homebuyers run for the hills, scared of every new update from the Fed. Worry not; this episode is packed with some good signs for investors but also a few worrisome figures you’ll need to pay attention to.

In This Episode We Cover

The most important variables that could impact 2023’s housing market 

Which asset class will be hit hardest by price cuts and where investors can find deals

Inflation, bond rates, and how the federal funds rate could impact homebuying

Housing price predictions for 2023 and how far home prices could slide

The seller’s vs. buyer’s market and how brand new investors can take advantage

Whether or not cap rates will start to increase even as inflation pushes rents higher

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-162

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

With interest rates at the highest point in decades, multifamily and commercial real estate purchases have dropped by more than 50%. Cash flow looks almost nonexistent, but good deals could be right around the corner as inexperienced operators are forced to give up their properties or pay MASSIVE amounts of money to the bank. What can you expect as the 2024 housing market rolls around? Stay tuned; we’ll give you all the info!

Alison Williams, SVP & Chief Production Officer at Walker & Dunlop, joins us to discuss “small balance lending” and where MANY multifamily investors get their money. Alison is able to tell you point-blank what a lender needs to see to lend on your deal, how much money you should be prepared to come to the table with, and what could happen as the bridge loan bomb begins to go off.

Alison also believes we’ll see “a LOT of deals” in the coming months/years as operators are forced to refinance, foreclose, or sell. This presents a massive opportunity for new investors who have been starved of deals and are looking to pick up another property without paying 2021 or 2022’s high prices! 

In This Episode We Cover

The bridge loan bomb that could blow up many investors’ deals 

Why multifamily and commercial real estate purchases have fallen off a cliff

Default rates, foreclosures, and whether Alison expects them to go up 

Deals coming down the road and why investors with cash on hand could be in for serious discounts 

What a “good” deal looks like in 2023/2024 and what you NEED to get funding 

Alison’s biggest pieces of advice for investors and why many could be in for a “shock”

And So Much More!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-161

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

WeWork goes bankrupt, buying a house is deemed a "bad" idea, and Zillow stock has a fire sale thanks to the recent NAR lawsuit verdict. In other words, it's just another day in the 2023 housing market. Didn't have time to catch up on the news? Don't worry; we'll get you up to speed on everything happening in the world of real estate and how YOU can take advantage of this rocky market.

First, we'll talk about how the NAR lawsuit verdict sent ripples throughout the economy, sending real estate-related stock prices way down for companies like Zillow, Compass, and Redfin. This verdict could mean a devastating blow to brokerages across the country, so what will the future of buying and selling be like? Next, we discuss commercial real estate's continuous slog and why top commercial executives expect an even SLOWER 2024. But there is some good news for buyers…

And if you love little offices and coworking spaces, we're sorry because WeWork filed bankruptcy earlier this month as the office space gets battered. Finally, we'll finish with a recent headline about how HALF of America thinks now is a BAD time to buy real estate. Are they wrong? Are they bad at math? Should you still be buying? We'll answer all that and more on this episode!

In This Episode We Cover:

The NAR lawsuit's ripple effects that will affect the entire real estate industry

Commercial real estate's sales slump and why 2024 could bring even better deals

Why WeWork Won'tWork and what their massive bankruptcy means for the office space

America's ongoing housing market pessimism and why buying with high mortgage rates ISN'T such a bad idea

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

NAR Slapped with $1.8B Lawsuit Payout, Ripple Effects Could Be “Enormous”

Stories Mentioned in Today’s Show:

Zillow

Commercial Real Estate

WeWork

Home Buying Sentiment

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-160

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

The US economy is on the brink of a recession, but consumers don’t seem to care. Consumer spending is up, credit card debt is through the roof, and the average American’s excess savings have been depleted. Could this financial rager we’re throwing end in chaos for the US economy? Or are these frightening metrics pointing to something else entirely? Today, Dave will get into the nitty-gritty details of the US consumer.

After some serious pandemic stimulus, Americans were riding high, buying whatever they could with their stocked-up savings. But now, economic sentiment among Americans is starting to fall, and many believe a recession could be around the corner. With consumer spending making up the majority of economic activity in the US, if it starts to fall, our economy could go down with it.

Dave will give you the numbers and updates you need to know EXACTLY what’s going on with the US consumer, whether or not rising debt and spending really matters, and the factors that could force spending to fall.

In This Episode We Cover:

Why consumer spending is exploding at a time when recession risk is high

Declining consumer sentiment and why Americans are fearful of the future 

All-time high credit card debt and whether or not delinquencies are rising with it

When Americans’ “pandemic savings” will run out 

Resuming student loan payments and how they could hurt the average consumer

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

Here’s What the U.S. Consumer Tells Us About the State of the Economy

4 Economic Triggers That Could Send Us Into a Recession

Recession Risk Rises as U.S. Consumer Spending EXPLODES

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-159

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, we’re sharing the five best vacation rental markets that’ll make you more money than anywhere else in the US. The best news? More than half of the markets on this list have vacation homes either under or around the median home price of the US, so you don’t need to splurge to buy your perfect beach-side short-term rental. What are the markets, and why have you probably never heard of them? Tune in; we’ll give you the top five markets AND where to find the full twenty-five market list!

But before we take any credit, this list comes from our friends at Vacasa, and their own Daned Kirkham is on the show to walk us through it. Daned and his team go through tens of thousands of data points, from average nightly revenue to insurance costs, expenses, improvements, average home prices, and more, to come up with a definitive list of vacation rental markets that’ll give you the best bang for your buck.

This list even has markets where you can find cap rates OVER ten percent (yes, in 2023), so if you’re starving for some short-term rental cash flow, THESE are the markets you can’t afford to overlook.

In This Episode We Cover:

2023’s five best short-term rental markets in the United States

Why young real estate investors are forgoing primary residences and buying vacation rentals instead

Cap rates explained and the methodology behind ranking these top tourist cities

The tiny beach town that has an explosive population of tourists 

The ten percent cap rate lake city with affordable vacation 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

Dave's BiggerPockets Profile

Dave's Instagram

Facing Strict Short-Term Rules, Airbnb Shifts to a New Type of “Host” w/Airbnb’s Jesse Stein

How to Buy a Vacation Rental Property

Check Out the Vacasa Lists:

Top 25 Best Places to Buy a Vacation Home

Best places to buy a beach house 2023

8 best mountain biking towns

Connect with Daned:

Vacasa

Daned's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-158

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices