On The Market

Could mortgage rates fall in 2024? And if so, how low will they go? What happens if home prices rise; could the Fed make things even harder for buyers? And what’s the one thing that could cause sellers to hike prices again? We have good news for you if you’ve been noodling on these unanswered questions. Dave Meyer is here to quench your thirst for data with this month’s AMA (ask me anything)!

If you want to unlock this FULL episode, ad-free podcasts, and unlimited BiggerPockets audiobooks, click here to sign up for the BiggerPockets Playlist Membership. For only $100/year, you’ll get access to all that AND time-sensitive investing episodes like this that will help YOU make better investing decisions.

Sign up today to hear Dave’s take on:

When mortgage rates will fall and how low they’ll go 

The Fed’s next moves and what they’ll do if home prices rise 

Home price predictions and why deals could get even harder to find

What to do TODAY if you’re starting from zero

How to invest your first $25,000 and the EASIEST way to get into real estate 

Whether or not the short-term rental market will recover 

Whether a hot dog is or is not a sandwich, and why this American classic breaks the rules of handheld food 

And So Much More!

Check the full episode here: https://biggerpockets.com/playlist

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

Real estate agents had it made over the past two years. When mortgage rates were low, buyers lined up to make bids, sellers were ready to upgrade, and properties were flying off the shelves. For almost any agent in any market, business was booming, and it seemed like it wouldn’t ever stop. Then mortgage rates began to rise, monthly payments became dangerously unaffordable, and the agents looking for easy commissions disappeared. But what if an industry expert told you there was still hope to help buy and sell homes?

Nick Bailey, President and CEO at RE/MAX, has been in the real estate business since he was a teenager. After buying the building his local pizza shop operated in, Nick went on to house hack in college, building an impressive career at not only RE/MAX but Century 21 and Zillow. He understands the agent business better than anyone and wants YOU to know the secrets to success.

In today’s episode, Nick touches on the shocking statistic that most real estate agents fail, why average agents are struggling in today’s market, how homebuyers can get around today’s high fixed interest rates, and the one thing you NEED if you want to take home consistent commission checks.

In This Episode We Cover:

Fixed-rate vs. adjustable-rate mortgages and new loan products that put buyers in a better position

Market trends and why fix and flippers are becoming (temporary) rental property owners

Why most real estate agents fail (and the steps to success that top agents follow)

How to find a great agent, whether you’re a first-time home buyer or investor

Niching down and why modern agents will FAIL if they can’t find their focus

Why agents MUST do more than sell real estate to build wealth 

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

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

Subscribe to The “On The Market” YouTube Channel

Dave's BiggerPockets Profile

Dave's Instagram

James' BiggerPockets Profile

James' Instagram

Books Mentioned in the Show

The Agent's Edge by Jordan Cohen

Connect with Nick:

Nick's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-127

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

Need housing market predictions? We’ve got them. Unfortunately, they may not be exactly what you want to hear. While most landlords hope and pray that mortgage rates will head down and the housing market will finally open back up, reality paints a much different picture. With inflation still high and the Fed refusing to budge on rates, we could be in for a wild ride over the next six months. So, what will unfold before the clock strikes midnight at the end of 2023? Stick around and find out!

We brought in the heavy hitters for today’s episode. J Scott, syndicator and author of numerous best-selling real estate books, but most importantly Real Estate by the Numbers, brings his stoic and scarily accurate take to the podcast. But that’s not all. BiggerPockets CEO Scott Trench joins us to give his investor, executive, and homeowner opinion on what’s happening in the housing market. Of course, Kathy Fettke, multi-decade investor and syndication expert, brings her unique view from booming markets.

We’ll go over the housing market, inflation, interest rates, unemployment, and the overall state of the economy in this show. From explaining why the Fed will either drop or raise rates this year to examining the impact of a potential recession, then discussing the somewhat cherry-picked stats chosen by the Fed, this episode goes MUCH deeper than real estate, and you could get caught off guard this year if you don’t know what’s coming.

In This Episode We Cover:

2023 housing market predictions and why “things are going to be messed up” for years to come

Why mortgage rates could fall (or rise) and what could cause the Fed to move 

Unemployment stats and why the “gig economy” could be in danger 

False inflation numbers and what will force inflation to drop, then spike, this fall

The commercial real estate crash and why multifamily investors could see a profitless next few years 

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

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

Subscribe to The “On The Market” YouTube Channel

Dave's BiggerPockets Profile

Dave's Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

Hear Our Interview with Fed Expert, Nick Timiraos

Books Mentioned in the Show

Real Estate by the Numbers by J Scott and Dave Meyer

Connect with J:

J's BiggerPockets Profile

Everywhere Else

Connect with Scott:

Scott's BiggerPockets Profile

Scott's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-126

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

Buying a home might not be the best idea in 2023. You’ll have to go through a few challenges to get one under contract. First, find a homeowner who wants to sell their home; you’ll need to convince them that ditching their low rate is worth the price. Then, secure funding; but with even the best home buyer loan, you’ll probably be stuck with a seven percent rate. Wouldn’t it be easier just to rent and invest the rest of your money? According to Daryl Fairweather, Ph.D., Chief Economist at Redfin, that’s precisely what you should do.

New data has shown that with home affordability at historic lows, now isn’t the best time to buy a primary residence. But where would you find the inventory even if you wanted to buy? “Locked-in” homeowners are refusing to part ways with their properties, and nobody can blame them. But, there are still a few metro areas worth buying in, and if you live in, or are moving to, one of these areas, you could be in luck.

But Daryl doesn’t just explain the buying vs. renting debate. She also talks about buyer demand and its recent drop-off, mortgage rate predictions and what we can expect rates to get down to, risky real estate markets facing natural disasters, and news for real estate agents that could change how commissions are paid and collected.

In This Episode We Cover

Renting vs. buying and which is a better bet in 2023

Affordability, buyer demand, and why renting may be the only option for many

Mortgage rate predictions and how low rates could go in the near future

Insurance headaches from California and Florida and why insurers AREN’T signing new policies

Migration patterns and where Americans are moving as home prices remain high

New real estate agent commission news that could change who pays an agent for buying or selling a property

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

Get Access to Unlimited BiggerPockets Audiobooks and Ad-Free Podcast Episodes

Renting vs. Buying a House: Which Makes More Sense

Connect with Daryl

Daryl Instagram

Daryl LinkedIn

Daryl Twitter

Redfin News

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-125

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

Thought we were done with mortgage rate hikes? Not so fast. The Fed always has time to get mad about something else and push interest rates even higher. This time, a surprise job report makes the Fed furious and could lead to a much more difficult housing market for investors and homebuyers. But this news isn’t all we’ve got on this episode. We’re touching on some of the biggest stories across the housing market, summing them up, and sharing them with you so you can bob and weave with the ever-changing economy.

Want to invest in real estate with just a thousand bucks? If so, you’re NOT in luck because one prominent real estate crowdfunding platform has just gone bankrupt. But don’t worry; it’s not all doom and gloom. The new jobs report is painting a stellar economic picture but could lead to you having a more expensive loan. And for those that own short-term rentals, one housing market forecaster is predicting a mass sell-off due to Airbnb host income declining.

Finally, we’ll talk about home prices, whether they’re actually falling or not, and how home buyers are STILL bidding even during some of the lowest affordability we’ve ever seen. Keep your pulse on the property market; tune into this week’s real estate roundup!

In This Episode We Cover

Short-term rental stagnation and why hosts are seeing income dwindle 

Whether or not a massive vacation home sell-off could come to the housing market

Mortgage rate hikes, new job numbers, and why the Fed is furious again 

PeerStreet’s recent bankruptcy and what this means for crowdfunding investors 

The half-truth of home prices “falling” and why some markets are still seeing bidding wars 

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

James' BiggerPockets Profile

James' Instagram

Henry's BiggerPockets Profile

Henry's Instagram

Federal Student Loan Forgiveness Update: What Happens Now?

Airbnb Income

Home Prices

PeerStreet Goes Bankrupt

Rate Hikes and Jobs

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-124

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

Need rental property financing? What about an investor loan that won’t stop your cash flow? It’s tough in 2023. With high mortgage rates and many veteran investors predicting a commercial crash, finding funding for your deal might seem impossible; but you’re probably looking for loans in the wrong place. Novice investors run off to the same lender that helped them get their primary home loan, while experienced investors know of loan products that most couldn’t even dream of. 

To help get you a better mortgage, at a better rate, with less financing fatigue, is Caeli Ridge from Ridge Lending Group and Tim Herriage from RCN Capital, two of the most prominent investor lenders in the nation. Caeli and Tim know which loans work best for which investor, property, strategy, and price point. In this episode, they’ll review loan products that could help you score better deals with fewer headaches, explain why today’s high interest rates won’t last, and uncover the REAL reason investors are giving up their low mortgage rates for more expensive mortgages.

Caeli also goes in-depth on a new type of HELOC/home loan with lower interest costs that could benefit you IMMENSELY over the life of your loan. Tim also shares why he believes there WON’T be a commercial real estate crash and how financing investment properties could get even easier. If you’re waiting to invest or want some signal that lower mortgage rates are returning, this episode is for you!

In This Episode We Cover

Investor-only loans that’ll help you build a real estate portfolio faster 

Mortgage rate predictions and why top lenders don’t think high rates will last 

Portfolio loans, blanket loans, and DSCR (debt service coverage ratio) loans explained 

A new type of HELOC that leaves you with a lower interest rate 

The commercial real estate “crash” and why top lenders DON’T think it’ll happen 

Where to find the perfect investor-friendly lender for your next property 

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

Connect with Caeli and Ridge Lending:

Ridge Lending Website

Ridge Lending Email

Phone: Call 855-74-RIDGE

Connect with Tim and RCN Capital:

Tim's BiggerPockets Profile

Tim's Socials

RCN Socials

RCN Capital Website

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-123

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

One real estate market is ready to explode, haunted houses and “dark tourism” become all the rage, tiny homes are the new affordable housing, and multifamily investors find colossal cash flow with homeless housing. It’s halfway through 2023, and no real estate investing opportunity can be taken for granted. Long gone are the times of buying any house and counting on cash flow to come through every month. If you want to know the REAL ways to make money in real estate, this is the episode for you!

We’re back with the full On the Market podcast panel, as Henry, James, Jamil, and Kathy bring in news stories affecting real estate investors nationwide. First, Henry talks about a “micro-home” community of tiny houses helping home buyers lock in a mortgage for almost half the average cost. Then, James touches on California’s consistent struggle with homelessness and how multifamily investors can profit by building safe spaces for those that need a helping hand.

Kathy brings the inside scoop on a new resort development that could shoot one city’s home prices through the roof. Finally, Jamil makes us all feel slightly uncomfortable by mentioning “dark tourism” and how buying haunted houses could give you a huge ROI as tourists beg to be terrified. If you want to know about all the unconventional yet high-profit housing market opportunities, stick around!

In This Episode We Cover

The rise of haunted house investments and the surprising profits of “dark tourism”

Tiny houses, “micro-homes,” and other affordable housing options home buyers are looking for

How to get paid by providing housing to the homeless IF you own this type of rental

The new resort development that could cause home prices to explode in this ski town 

Why the government WANTS investors to turn vacant land into low-income housing

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

Jamil's BiggerPockets Profile

Jamil's Instagram

Tiny Homes, Huge Profits: $6,000 a Month from 1 Property!

5 Tips for Owning Low-Income Rentals

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-122

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 Federal Reserve could be steering us straight into the next great recession. After decades of monetary and fiscal debacles from quantitative easing to safeguarding big banks that hurt everyday Americans, it seems almost everyone wants the Fed to be taken apart and rebuilt or shipped away, never to have economic sway again. Grave mistakes have been made over the past two decades, many of which will have unfathomable consequences for today’s economy. So, can the Fed do ANYTHING to save us?

Enough with the speculating. We brought former Advisor to The Federal Reserve Bank of Dallas, Danielle DiMartino Booth, to tell us what happens behind closed doors. Danielle was there at the beginning of quantitative easing, fighting back against a program she knew would lead to a weak economy. Now, as Danielle puts it, “everything has come home to roost,” as quick decisions made in the last financial crisis put us in a massive economic bind. This is NOT good news for real estate investors; those buying today could be in serious trouble in years to come.

Throughout today’s episode, Danielle gives us her take on how the Fed could fix itself, current actions Jerome Powell, Chair of the Fed, has put into place to correct the course we’re on, and whether or not a “soft landing” is possible as the American economy heads into a recession. Finally, Danielle gives her advice on what real estate investors should do and why those exiting the market might be smarter than the rest of us.

In This Episode We Cover

Massive mistakes the Fed made during the Global Financial Crisis that we’re paying for today

Quantitative easing explained and why “money printing” is so dangerous to the economy 

The “dual mandate” that’s making the Fed’s job almost impossible to achieve 

Recession predictions and whether we’ll face a soft landing or hard crash 

Why smart real estate investors are hoarding cash and refusing to buy 

False job data and why the unemployment rate is about to get even worse 

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

Book Mentioned in the Show:

Fed Up by Danielle DiMartino Booth

Connect with Danielle:

Danielle's Substack

Danielle's Twitter

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-121

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

We’re here with a HUGE student loan forgiveness update. Since President Biden was elected, those with student loans have been hoping and praying to have a sizable chunk of their debt wiped away. Tens of millions of borrowers would have been impacted, helping free up cash for those that need it most. But, on the other hand, taxpayers were staring at a $400B bill to forgive just a fraction of the student loan debt in America. The economic implications of student debt relief passing would have been huge, but a more significant economic impact could continue for borrowers.

We’ve brought back Sarah Ewall-Wice, Political and Economics Reporter at CBS News, to give us a full student loan forgiveness update, break down what exactly happened in the Supreme Court, and what we must prepare for now that student debt relief is off the table. But, if you were banking on your loans being forgiven, fret not; a new plan may already be underway to give those with student debt another chance at redemption.

Sarah walks through the legal battle the Biden Administration brought forth to get debt relief passed, what will happen to graduates now that the bill has come due, and whether or not defaults could increase across the board as a result. Dave and Sarah will also debate why a solution to rising college costs hasn’t been conceived and what you should do NOW if you have student loan debt.

In This Episode We Cover

A federal student loan forgiveness update and what will happen next

Why the Supreme Court decided to axe the debt relief plan (it’s not what you think)

Resuming student debt payments and what graduates need to do NOW

Whether or not defaults across credit cards and mortgage payments could increase as a result

The true cost of college and why unaffordable education MUST be tackled

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 Past Interview with Sarah on US Debt

Connect with Sarah:

CBS News

Sarah's Instagram

Sarah's Twitter

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-120

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

Artificial intelligence (AI) like ChatGPT might not be great at writing podcast intros, but when it comes to building a rental property or real estate portfolio, these platforms produce far more help than harm. While most of the general public uses AI to write poems about their dog or history papers for class, real estate investors are harnessing this technological power to buy more properties, outsource simple tasks, and reach sellers faster than ever. Want to do the same? You’ll have to stick around!

For years, our panel of real estate experts have been using AI, automated apps, and software to grow their portfolios to new heights. And, even if you don’t own thousands of rentals or do hundreds of fix and flips a year (like James), you too can use this real estate tech to make your life easier, spend less time working, and focus more on what your business needs from YOU.

In this episode, Dave, James, Jamil, and Kathy will go over exactly how they’re using AI platforms such as ChatGPT, the systems and software they’ve implemented into their own businesses, whether or not more automation could threaten jobs, and how you, even as a small investor, can leverage the same tech top investors use to build wealth faster!

In This Episode We Cover

Why ChatGPT may be good at everything but writing podcast intros

Using AI platforms to create job descriptions, outreach to sellers, and take menial tasks off your plate

Whether or not AI has the potential to kill jobs in the real estate sector

The “job evolution” that is waiting for those who can embrace new technology

The EXACT software, systems, and apps we’re using to grow our real estate portfolios

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

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

Subscribe to The “On The Market” YouTube Channel

Dave's BiggerPockets Profile

Dave's Instagram

Henry's BiggerPockets Profile

Henry's Instagram

James' BiggerPockets Profile

James' Instagram

Jamil's BiggerPockets Profile

Jamil's Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

Basecamp

ChatGPT

Follow Up Boss

Infusionsoft (Keap)

Monday.com

Ninety.io

Salesforce

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-119

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