On The Market

The housing market shoots up different signals every so often. For most investors, though, these fly under the radar. But for data-driven housing market experts like Mike Simonsen, these signals are hard not to notice. If you want to know where prices will go next, when inventory could spike, and whether or not demand will start to fall (or rise), you MUST know what these signals are and how to find them. Today, we’ll let you in on the not-so-secret way to predict housing market moves so you can invest better than the rest.

Altos Research’s Mike Simonsen didn’t start as a housing market enthusiast. He was in Silicon Valley, working with data, just trying to buy his first overpriced house. But, through getting his foot in the door of real estate, he uncovered that no one had the data he needed to make better investments. So, he started Altos Research to finally give real estate investors, realtors, and everyday homebuyers the tools to make their best buying decisions.

Over the past seventeen years, Mike has been analyzing, segmenting, and qualifying housing market data for some of the most prominent investors in America. And now, he’s here today to share his time-tested secrets with you. No matter your skill level, you’ll be able to pinpoint the housing market signals Mike showcases so you uncover where the market is moving before the masses. Whether you’re an investor, homebuyer, realtor, or renter, this data will help you build wealth better than ever.

In This Episode We Cover

The housing market “signals” that can predict home prices, demand, and more

Where to find FREE housing market data that’ll help you make the BEST investment decisions

“Segmenting” your market and why you’re probably looking at homes all wrong

The biggest housing market surprise of 2023 and why the unexpected happened

What could cause homebuyer demand to DROP (and whether it’s possible this year)

Housing inventory and why SO many homebuyers are hanging on to their houses

How Mike single-handedly saved the US economy from imploding

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

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

Subscribe to The “On The Market” YouTube Channel

Dave’s BiggerPockets Profile

Dave’s Instagram

Unlock FREE Housing Market Data from Dave

Realtor

Redfin

Zillow

Connect with Mike:

Altos Research

Altos YouTube Channel

Mike's LinkedIn

Mike's Twitter

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-98

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The US dollar is in danger. For decades, trading in USD (US dollars) has been the standard for almost every country on the planet. Thanks to America’s consistent economy, stable government, and growing global market share, the USD has become the most sound currency on earth. But things are starting to change. USD dominance is being threatened by BRICS countries (Brazil, Russia, India, China, and South Africa), looking to ditch the dollar for a currency they control.

But why are most countries trading in USD? When was USD chosen to be the world’s reserve currency? And what does “reserve currency” even mean? Dave Meyer breaks it down in this episode of On the Market, as he details the history of USD dominance, the post-World War rise of a reserve currency, and why the “petrodollar” may be losing steam as other economies grow larger.

Dave will also go in-depth on the economic effects of leaving a USD standard, when the USD could be replaced, which currencies are competing, and why dollar dominance (probably) won’t be over anytime soon. American or not, decoupling from a USD standard could have huge effects on your investments, wealth, and spending power.

In This Episode We Cover

What a “reserve currency” really is and how the USD was chosen to be one 

BRICS' fight for economic dominance and which currency will come out on top

How the Ukraine-Russia conflict exacerbated the need for multiple reserve currencies 

Going off the gold standard and how a diluted US currency may have made things worse 

The “petrodollar” and why countries like Saudi Arabia are leaving the USD behind 

The often-untouched benefits of a non-USD-dominated world 

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

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

Subscribe to The “On The Market” YouTube Channel

Dave’s BiggerPockets Profile

Dave’s Instagram

How Does Money Work? The Complete Guide to Monetary Systems

Planet Money Episode 553: The Dollar At The Center Of The World

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-97

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

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What if we told you there was a real estate tax loophole that would help you write off most of your income without becoming a real estate professional or going through some precarious property scheme? If you’ve heard stories of wealthy investors making MASSIVE profits through rental properties and walking away with a near-zero tax liability, this could be the strategy that they were using. But, if you want to know what it is and how to use it to your advantage, you’ll have to tune in.

We’ve brought on not one but two financial powerhouses to explain the ins and outs of this rental property tax loophole. Brandon Hall, CPA, and Kyle Mast, CFP, have used this exact loophole to shave their tax liabilities down dramatically. The requirements to take advantage aren’t complicated, but you must be a rental property investor of a specific type of property. And not all CPAs will know how to do this, which is why you must find the right one BEFORE you file!

In this episode, Brandon and Kyle will talk about how to unlock this tax loophole, the requirements you’ll need to hit, the logistics of using it, and the red flags you’ll need to keep an eye out for when giving it a go. In a few simple steps, you could eliminate your income taxes in a completely legal way, BUT you’ll want to make sure you follow Brandon and Kyle’s suggestions to a tee.

In This Episode We Cover

The real estate tax “loophole” that allows you to write off a SIGNIFICANT portion of your income

Real estate professional status and how those that don’t make the cut can still write off BIG deductions 

The requirements you’ll have to hit to realize this real estate tax deduction 

Bonus depreciation, cost segregation, and why NOW is the time to take advantage 

Depreciation recapture and what to do to avoid paying taxes in the future 

Red flags to watch out for when trying this strategy and whose advice you can actually trust 

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

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

Subscribe to The “On The Market” YouTube Channel

Dave’s BiggerPockets Profile

Dave’s Instagram

Kyle's Twitter

Kyle's Website

BiggerPockets Money Podcast 200: A Personal Finance Masterclass with Kyle Mast

Connect with Brandon:

Brandon's BiggerPockets Profile

Brandon's Facebook Group

Brandon's Podcast

Brandon's Website

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-96

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

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Land investing may be the newest way to make cash flow in today’s increasingly difficult housing market. With more and more investors fighting over real estate deals that break even at best, land investors are sitting pretty, with an almost unlimited supply of new investments and an even more robust pipeline of potential buyers. And while land investing may not have the passive income potential of a rental property, there are still numerous ways to take home some serious cash flow by dealing dirt.

Daniel Apke fell in love with land investing after a long history as a serial side hustler. He tried everything from ghostwriting romance novels to setting up stores online, but nothing gave him the financial freedom that land investing did. Then, thanks to a helpful tip from a mentor, Daniel was able to start buying land at SIGNIFICANT discounts. He would then flip this land on or off-market to anyone willing to buy, allowing him to walk away with a handsome payday WITHOUT dealing with tenants, toilets, or trash.

Now, Daniel has built an entire business out of flipping raw land, and the perks of a property-less lot may pique your interest. Whether it’s low competition, no permitting hassles, or the ability to exit multiple ways, land investing could be an attractive alternative to rental property investing as competition gets tough. If you think there isn’t much under the surface of these dirt deals, you’d be wise to stick around!

In This Episode We Cover

Finding financial freedom through land investing and how you can repeat Daniel’s system

Land flipping explained and where to find the most profitable lots of raw land 

The BIG bottlenecks you’ll face when selling land and how to get past them with creative financing 

The land-buying business model and how to buy, analyze, and sell dirt 

Off-market land and the best method to find undervalued lots with low competition 

Subdividing and lot splitting to make the most out of a large plot of land 

Land demand and whether or not this type of activity will last for years to come 

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

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

Subscribe to The “On The Market” YouTube Channel

Dave’s BiggerPockets Profile

Dave’s Instagram

James' BiggerPockets Profile

James' Instagram

The Risks and Rewards of Investing in Raw Land

Connect with Daniel:

David's BiggerPockets Profile

David's Instagram

David's Website

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-95

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

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Commercial real estate has seen a severe drop in demand. From office buildings to multifamily and more, rising mortgage rates and unwavering cap rates are making commercial real estate a gamble more than a grounded investment. But, when buyers start exiting the market, sellers get desperate, and this chain reaction allows committed commercial real estate investors to scoop up deals worth millions more just a few years back. We have a couple of those deals coming up on this episode! 

We’re back with another audience deal show. This time, we’re walking through two commercial real estate deals with serious potential, but their prices don’t match reality. First, we talk to Ben Mashat, who recently went full-time into real estate investing after scaling a successful wholesaling operation. He’s got a MASSIVE deal opportunity—a five-story office building with seven-figure potential profits. The problem? A price tag that doesn’t match today’s commercial property market.

Next, we hear from Heidi De La Torre, who’s looking at a multi-unit beachside property with impressive price comps nearby. But, with zoning issues and a seller that can’t make up their mind, Heidi is struggling with which move to make as she debates taking on a project with this many pitfalls. As always, our panel of expert investors will give their suggestions on what our guests should do next and whether these deals are even worth chasing! 

In This Episode We Cover

The state of commercial real estate and why sellers are getting desperate as the buyer pool dries up

NOI (net operating income) explained and ENSURING yours is accurate before you get a deal under contract

The downside of office investing and why so many buyers are straying away from this property type

The cap rate debate and whether or not this metric is the most important factor when deciding on a deal

Property zoning, code violations, and how unpermitted builds could COST you

Wholesaling large deals and details you’ll NEED to find qualified buyers

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

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

Subscribe to The “On The Market” YouTube Channel

Dave’s BiggerPockets Profile

Dave’s Instagram

Henry's BiggerPockets Profile

Henry's Instagram

Jamil's BiggerPockets Profile

Jamil's Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

James' BiggerPockets Profile

James' Instagram

Listen to Our Residential Audience Deal Review Show

Commercial Real Estate Could Crash, But Are Everyday Investors Impacted?

Cap Rate: What Is It and How to Calculate It

Books Mentioned in the Show

Real Estate by the Numbers by Dave Meyer

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-94

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

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Real estate scams and Ponzi schemes have been around for centuries, but with the advent of the internet, social media, and digital banking, more and more scams and schemes have been popping up. You might think that only the uneducated or ill-informed fall prey to these monetary predators, but you’d be wrong. Just recently, two of our expert guests, James Dainard and Jamil Damji, were ripped off in Ponzi schemes that the federal government intervened in. Thankfully, James pulled out his principal earlier on, realizing what was happening. But Jamil was blindsided, leaving him with a seven-figure loss.

Both James and Jamil were brave enough to share their stories, and more importantly, the entire On the Market panel have come together to break down how NOT to get scammed on your next investment. Kathy Fettke, a syndicator herself, describes EXACTLY what to look for when passively investing in a deal and why inexperienced operators have become the norm in 2023. Next, Henry Washington shares what you MUST do to ensure a contractor doesn’t run off with your money and how to pace a project, so you aren’t left with an empty bank account and half-done home renovation.

Then, we’ll switch gears as Jamil gives actionable steps to ensure your wholesaler brings you a real deal. Finally, James highlights which lenders you should or shouldn’t use and how inexperienced investors are getting strapped with loans that could liquefy their deals all at once. To finish the episode, James and Jamil give the nitty-gritty details of the Ponzi schemes they fell victim to and how even experienced investors can be taken advantage of.

In This Episode We Cover

Losing a million dollars on one investment and the telltale signs of a Ponzi scheme 

How to vet your syndicator/operator and why track record means EVERYTHING 

Paying your contractor in stages and the reason Henry will NEVER pay for a project all at once 

The documents you NEED to confirm when buying a deal from a real estate wholesaler 

“Backyard lenders” and why flippers/BRRRRers should consider taking loans that are close to home 

The “affinity fraud” Ponzi scheme and why you should NEVER invest based on faith 

A $650M movie rights scam and how James noticed the red flags before any other investor did 

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

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

Subscribe to The “On The Market” YouTube Channel

Dave’s BiggerPockets Profile

Dave’s Instagram

Henry's BiggerPockets Profile

Henry's Instagram

Jamil's BiggerPockets Profile

Jamil's Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

James' BiggerPockets Profile

James' Instagram

10 Glaring Red Flags That Indicate Your “Great Deal” May Be a Costly Scam

Watch the “American Greed” Episode on The Movie Rights Scheme

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-93

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

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Don’t think you can find cash flow in a high-priced market like Florida? What about doing a fix and flip with today’s rising rates and high-priced renovations? Don’t know if your rental’s zoning could sprout numerous red flags on a sale? We’ve brought some On the Market listeners in live to go over the deals they’re doing in 2023, which concerns they’re coming up with, and how they’re building wealth while battling against the economic tidal wave hitting the housing market.

Michael Yi and Matt McMains, two of Henry Washington’s mentees, have been trying to hit home run deals in Florida. Michael was able to lock down an underpriced rental property that has almost unbelievable cash flow but with some zoning red flags that could catch him off guard in a sale. On the Panhandle, Matt is weeks away from closing on an out-of-state flip, but with rates jumping up and property holding time getting pricey, expert flipper James Dainard advises caution when getting into a deal like this.

One thing is for sure; there are still plenty of ways to profit with investment properties, EVEN in today’s wild housing market! So stick around, and hear exactly how you should be doing your deals as 2023 unfolds.

Want to talk about your real estate deal on the show? Email [email protected] with all the nitty gritty details! 

In This Episode We Cover

The overlooked Florida city that has BIG cash flow potential in 2023

Rental property zoning and how to ensure your designation WON’T ruin a future sale

Rental renovation tips and which materials to use for which type of renter 

Hard money loans and how rising interest rates are making holding costs sky-high 

When to negotiate your deal (EVEN if your due diligence period is up!) 

Flipping vs. renting vs. wholesaling, and when to walk away from a deal 

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

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

Subscribe to The “On The Market” YouTube Channel

Dave’s BiggerPockets Profile

Dave’s Instagram

Henry's BiggerPockets Profile

Henry's Instagram

Jamil's BiggerPockets Profile

Jamil's Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

James' BiggerPockets Profile

James' Instagram

Try RentRedi on Your Next Rental Property

Connect with Michael & Matt:

Michael's BiggerPockets Profile

Matt's BiggerPockets Profile

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-92

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

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

Last week, the Federal Reserve both surprisingly and unsurprisingly raised rates. For weeks leading up to this meeting, investors had a glimmer of hope that the historical rate hikes would end and that we could finally look forward to a time of reasonable mortgage rates and sustainable home prices. But, even with high rates, the housing market has taken some surprisingly strong wins. We’ll get into today’s top real estate-related stories in this episode!

Welcome back to another correspondents show where our “housing market data without the hysteria” expert guests bring in some of the most hard-hitting headlines that could affect real estate investors. Dave starts by professing his deep respect for Jerome Powell’s decision to hike rates even higher and goes into why the Fed could be playing “mind games” with the American people. Next, Henry hits on how home price drops just hit a new threshold not seen in over a decade!

Back on the residential side, James breaks down the good news for February home sales, but soon after, Jamil and Kathy touch on commercial real estate stats that have banks, lenders, and investors starting to sweat. But, what could be bad news for some is great news for others, and if you’ve been looking to pick up steals and deals during a time when competition is low, now may be the PERFECT time to get in the market!

In This Episode We Cover

Interest rates rise again as the Fed plays “mind games” with the American public

Home price updates and why the housing market just crossed into 2012 territory

Housing market momentum and why homebuyers have gotten back into the game

The commercial real estate crash and why CRAZY deals could be around the corner

Liquidity tightening and why raising capital and getting mortgages could become a lot harder 

The HUGE opportunity to invest in a certain asset class that could make a big comeback

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

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

Subscribe to The “On The Market” YouTube Channel

Dave’s BiggerPockets Profile

Dave’s Instagram

Henry's BiggerPockets Profile

Henry's Instagram

Jamil's BiggerPockets Profile

Jamil's Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

James' BiggerPockets Profile

James' Instagram

Watch Our Interview with Mark Zandi, Chief Economist at Moody’s Analytics, On the Recent Bank Failures

Stories from Today’s Show:

Home Prices Drop

February Home Sales

Commercial Real Estate Prices Slide

Liquidity and Commercial Real Estate

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-91

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

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

Back in 2008, the housing market was in freefall. With foreclosures at record highs, homeowners nationwide had to return their residences to the banks. The problem? Banks didn’t want them. Big banks never wanted to be conglomerate landlords. So, who did they pass the homes off to? Institutional investors, REITs, and iBuyers that many real estate investors fear and also blame for today’s real estate problems. But is today’s affordability crisis really Wall Street’s fault, or is there someone else to blame?

Back from Moody’s Analytics, we’ve got Thomas LaSalvia and Ermengarde Jabir on the show to explain the situation. Over the past few years, there has been quite a lot of bad blood between single-family rental investors and institutional investors on Wall Street. For small, mom-and-pop investors, these large landlord conglomerates seem to be stealing homes, making it harder for new investors to get into the housing market and even more challenging for first-time homebuyers to get a primary residence. But, the data points to something different.

Ermengarde and Thomas explain exactly what institutional investors have been doing as of late, how they may have saved the housing market during the last crash, whether or not they’re still buying in today’s market, and how they’re affecting everyday homebuyers. We’ll also touch on pricing, affordability, and why new construction is kicking starter homes off the to-build list.

In This Episode We Cover

What led to the 2008 housing crash and how Wall Street stepped in to stabilize prices 

How institutional investors have been growing over the past decade and their plan for the future 

Single-family home construction and why first-time homebuyers AREN’T the target market

Homeownership, America’s “renter nation,” and whether or not Wall Street is stealing homes from buyers

Why institutional investors ONLY buy in specific real estate markets (and where they’re buying now)

Who owns the most single-family rental properties across the country

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

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

Subscribe to The “On The Market” YouTube Channel

Dave’s BiggerPockets Profile

Dave’s Instagram

SVB’s Risky Bailout and The Bank Run “Domino Effect”

How Did A $200B+ Bank Collapse In 48 Hours?

On the Market 81 with Thomas

Is Wall Street Ruining the Housing Market?

Get the Latest Real Estate Insights from Moody’s Analytics

Connect with Ermengarde & Thomas:

Ermengarde's Email

Thomas' Email

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-90

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

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Bank failures were a thing of the past—until a couple of weeks ago. After Silicon Valley Bank’s (SVB) fall from grace and numerous other regional and small-time banks going under, Americans are holding their cash with an iron grip, not knowing whether or not a recession or soft landing could be on the horizon. And with more economic instability comes more fear, panic, and doubt from the general public. Thankfully, we’ve got Mark Zandi, Chief Economist at Moody’s Analytics, to share some economic truths (instead of crash-fueled terror). 

Mark knows the economy inside and out and understands the true impact behind these bank crashes. He gives his opinions on whether or not this series of bank crashes could lead to an even greater recession, why the government was forced to build a bailout, and how real estate and the economy will be affected as we try to rebuild from this fragile system collapsing. And, if you’re worried that the big banks could start to crumble under their own weight, Mark has some information that’ll quell your fears.

But we’re not just hitting on bank news. Mark shares how a “slowcession” could occur throughout the US, leading to a lackluster economy as unemployment grows and GDP growth slows. He also gives mortgage rate predictions and discusses the one real estate type that could be in BIG trouble over the next few years. 

In This Episode We Cover

Silicon Valley Bank’s (SVB) collapse explained and why big banks aren’t worried 

The social-medial-fueled panic and fear cycle that is hurting the economy 

The bright side of a bank bailout and how to avoid a systematic collapse 

Recessions vs. “slowcessions” and why the latter WON’T be a soft landing 

Real estate prices and which property type could go BUST over the next few years

Mortgage rate predictions and why we wouldn’t hold our breath on three-percent rates 

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

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

Subscribe to The “On The Market” YouTube Channel

Dave’s BiggerPockets Profile

Dave’s Instagram

SVB’s Risky Bailout and The Bank Run “Domino Effect”

How Did A $200B+ Bank Collapse In 48 Hours?

Connect with Mark:

Mark's Website

Mark's Podcast

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-89

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

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