57 episodes

The modern real estate investor doesn’t have time to research every headline and trend. That’s why BiggerPockets' Dave Meyer and his expert panel do it for you. Learn how to invest smarter in today’s economic environment. 

On The Market BiggerPockets

    • Business

The modern real estate investor doesn’t have time to research every headline and trend. That’s why BiggerPockets' Dave Meyer and his expert panel do it for you. Learn how to invest smarter in today’s economic environment. 

    Did High Interest Rates Kill Off House Flippers?

    Did High Interest Rates Kill Off House Flippers?

    House flipping was almost a guaranteed win in 2020 and 2021. With home prices steadily rising and interest rates dropping, throwing on a new coat of paint was often enough to make a six-figure profit on what would otherwise be a basic home. House flippers got accustomed to doing quick jobs while walking away with almost unbelievable returns. But, many of them got overconfident. Now with the housing market in a correction and the US on the edge of a recession, flippers find themselves with inventory no one wants to buy.

    But, this isn’t the case for every flipper. The time-tested expert investors knew that this would happen, and as a result, they’re still making a killing on their flips. Some of these flippers are joining us on the show today. As always, we’ve got Seattle-based superstar, James Dainard to give his multiple-decade-long take on house flipping. And, joining as new guests are Dominique Gunderson, New Orleans-based flipper, and Leka Devatha, luxury flipper and one of James’ favorite buyers! 

    These three house flippers operate in very different ways. James touches on multi-million-dollar luxury flips and multifamilies, Leka focuses more on high-end yet still affordable flips and Dominique provides high-quality housing at a reasonable price for residential buyers down south. These are three flippers who have NOT let the market change their business plans, and because of some smart moves (which they share on today’s episode), they’re still sitting pretty and getting deals done, even as the market starts to slide. 

    In This Episode We Cover

    Inflation rate updates and some good news for investors

    How 2022 took many flippers by surprise and put inexperienced investors out of business

    Labor and material cost updates and why flippers are still running into inventory problems

    The risk behind flipping and whether or not high interest rates makes make it worth it

    Tips for new flippers who want to get into the market without getting burnt

    The danger of not diversifying and how sticking to one asset class can destroy your wealth

    2023 house flipping predictions and how to protect your wealth if home prices tumble even further

    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

    Project|RE Real Estate Investing with James Dainard

    Rehabit Homes

    BiggerPockets Podcast 587 with Dominique

    BiggerPockets Podcast 390 with Leka

    Connect Dominique & Leka:

    Dominique's BiggerPockets Profile

    Dominique's Instagram

    Leka's BiggerPockets Profile

    Leka's Instagram




    Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-57

    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 53 min
    Are New Short-Term Rental Hosts in For a Rude Awakening in 2023?

    Are New Short-Term Rental Hosts in For a Rude Awakening in 2023?

    Short-term rentals have had a serious run over the past two years. As soon as interest rates dropped, everyone decided that buying a vacation rental or second home was the best move to make. This led to a surge in short-term rental investments across the US, as hosts began to almost outnumber guests. Now, vacation rentals are seeing a dramatic slowdown while a recession starts to shape, as Americans are less concerned about taking vacations and more about keeping their jobs.

    So where is the vacation rental market headed? Were short-term rentals just a short-lived fad that could fade out faster than it took to be born? Or, is this a mere blip on the radar of vacation rentals, as guests still prefer hosts over hotels? We brought on Avery Carl, Jenny Yi, and Tony J. Robinson, three experienced short-term rental investors, to walk us through exactly what is happening in the market, what moves they’re making, and advice for getting through a recession.

    We also talk about short-term rental regulations, which, surprisingly, many of the expert investors are in favor of. They speak on the saturation of “blue chip” vacation markets, and how some sleepier towns offer much better prospects for profit than the vacation markets most Americans know and love. If you own a vacation rental, plan on buying one, or just like staying at them, this episode gives you in-the-field opinions that most hosts won’t admit.

     In This Episode We Cover

    Who’s hurting and who’s thriving as the short-term rental market starts to lag

    How to identify new markets that have low competition and high tourism potential

    Short-term rental regulations and why it isn’t all bad news for hosts

    How a 2023 recession could affect vacation rentals and vacation spending

    Advice for new hosts as bookings and revenue starts to decline during a downturn

    Vacation home price drops and whether or not this type of real estate is more vulnerable than the rest

    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

    Real Estate Rookie Podcast

    Tony’s Video on Short-Term Rental Recession Data

    Book Mentioned in the Show

    Short-Term Rental, Long-Term Wealth by Avery Carl

    Connect Avery, Tony, & Jenny:

    Avery's Instagram

    Avery's BiggerPockets Profile

    Jenny's Instagram

    Tony's Instagram

    Tony's BiggerPockets Profile




    Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-56

    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 54 min
    Has Inflation Peaked? There’s Hope Behind the High CPI

    Has Inflation Peaked? There’s Hope Behind the High CPI

    Inflation may have just peaked. And with it, mortgage rates could come crashing down sooner than economists expect. But what would cause a scenario like this, especially as the Federal Reserve continues to bombard Americans with higher and higher interest rates? And, with supply chain shortages abound, how do we know that inflation won’t boomerang back in 2023, creating an even worse problem than before? Stick around. Dave has the answers.

    For the past year, Americans have dealt with high inflation rates and the crushing weight of purchasing power declining. Food, energy, electronics, and most importantly, housing, have skyrocketed in price. To tame this economic beast, the Fed unleashed a series of almost unimaginable rate hikes, slowing down homebuying, borrowing, and business building in the process. This was part of the plan, and we’re just now seeing the effects of these high rates on inflation.

    But what will happen once inflation numbers start to cool? Will the Fed suddenly lower interest rates and turn the housing market tap back on again? Will droves of homebuyers get back into the market, causing the same amount of competition that high rates were supposed to solve? Assemble your post-thanksgiving sandwich, plug in, and get ready for some up-to-date data drops from Dave Meyer.

    In This Episode We Cover

    November's latest inflation rate updates and some good news for the American economy

    The three reasons why inflation could start to dramatically drop in 2023

    How a global recession could foil the Fed’s plan and shoot rates back down

    Whether or not mortgage rates will reverse once the Fed hits their target inflation rate

    How the ten-year treasury yield almost identically maps mortgage rates

    China’s lockdowns, Russia’s invasion of Ukraine, and other global events that shocked the supply chain 

    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

    2023 Mortgage Rate Outlook—You Won’t Believe What Could Happen

    The Fed’s Plan for Future Interest Rates




    Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-55

    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 34 min
    The Deals We're Doing in 2022 (and How Much They'll Make)

    The Deals We're Doing in 2022 (and How Much They'll Make)

    BRRRR investing, house flips, five-figure rental properties, and silicon prairie dogs are all part of this On the Market episode. We asked our panel of expert guests to bring in some of the juiciest deals they’ve been doing so we can compare and contrast which real estate investing strategies are working best in today’s housing market. Surprisingly, even with this panel of investing all-stars, we’ve got deals and steals costing only $70K, but also home-run rentals in the seven and eight-figure price points.

    But this isn’t just a bragathon—our expert guests walk through exactly how they picked up these insane deals for cheap, the strategies they’re using to cash flow from day one, and how they’ll use their tax benefits to pay for the next round of real estate deals! If you want to know how to make six-figures worth of equity for free, build a “bulletproof” BRRRR strategy, or ensure you turn a profit on your next real estate deal, this is the episode to listen to!

    We also take a question from the On the Market Forums concerning rent raises and how to price your rental property. It can be tempting to set your rental price at an all-time high rate, as renter demand skyrockets. But, this could lead to unintended consequences that could not only hurt your property but bombard you with headaches from a future tenant. We’ll give tips and tricks on the best way to get around this!

    In This Episode We CoverFour killer real estate deals from our expert guests and how you can copy their strategies for the same resultsWhere to find cheap rental properties that will cash flow even in today’s marketReal estate exit strategies and three different ways to ensure a profit on your next dealLarge multifamily investments and why the tide may have already turned for sellersShort-term rental investing and walking into six-figures worth of real estate equity immediately after purchaseHow to price your rental property so you don’t suffer vacancy OR get the wrong tenantAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets ForumsBiggerPockets AgentBiggerPockets BootcampsJoin BiggerPockets for FREEOn The MarketJoin the Future of Real Estate Investing with FundriseConnect with Other Investors in the “On The Market” ForumsSubscribe to The “On The Market” YouTube ChannelDave’s BiggerPockets ProfileHenry's BiggerPockets ProfileJames' BiggerPockets ProfileJamil's BiggerPockets ProfileKathy's BiggerPockets ProfileDave’s InstagramHenry's InstagramJames' InstagramJamil's InstagramKathy's InstagramBook Mentioned in the ShowReal Estate by Numbers by J Scot & Dave Meyer


    Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-54

    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 44 min
    5 Ways to Win During a Down Housing Market

    5 Ways to Win During a Down Housing Market

    Knowing how to invest during a recession is what separates the good from the great investors. Most veteran real estate investors know that during downtimes, the lucky landlords get swept away while the intelligent investors start to pad their pockets with deals others are too scared to take. This is both an opportunity and learning experience for all the listeners who are waiting to get their first, or next, real estate deal. Now may be one of the best times to strike!

    But we don’t have Dave leading the charge this week. Jamil Damji, an investor who made millions during the last housing crash, is here to share five of the best ways to build wealth during an economic downfall. Jamil uses this show to test all of his theories with our expert guests as he double-checks if his tips are truly being used by the masters of multifamily, house flipping, buy-and-hold, and more.

    Whether you have zero rentals, ten, or three hundred, this episode will give you everything you need to start hitting future home runs with the deals you do today. None of these strategies are too complicated for any investor, and all of them work in today's market. These are the buying opportunities we’ve been waiting for! 

    In This Episode We Cover

    Why “buying deep” and padding your pro forma can create huge profit potential in deals bought today 

    Getting creative with your financing and funding of real estate deals to buy more for less

    How to hold on to properties even with high interest rates and declining home values 

    Who to negotiate with to get foreclosures and short sales for pennies on the dollar 

    Partnering with other investors to raise money for deals too good to pass up 

    Building your buyers list and why now may be one of the best times yet to wholesale real estate

    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

    On The Market Podcast 31 with John Burns

    On The Market Podcast 17 with Rick Sharga

    3 Reasons to Invest in Real Estate During a Recession

    Dave’s BiggerPockets Profile

    Henry's BiggerPockets Profile

    James' BiggerPockets Profile

    Jamil's BiggerPockets Profile

    Kathy's BiggerPockets Profile

    Dave’s Instagram

    Henry's Instagram

    James' Instagram

    Jamil's Instagram

    Kathy's Instagram




    Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-53

    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 54 min
    The Wrath of 1031 Investors and a “Chaotic” Multifamily Market

    The Wrath of 1031 Investors and a “Chaotic” Multifamily Market

    Cap rates affect multifamily investing more than most investors come to realize. If you’re in the commercial real estate space, you know that as cap rates decrease, price points for apartment complexes increase. And, as cap rates start to expand, multifamily prices begin to dwindle. With rising interest rates and high labor/material costs, the multifamily market should see a decline in property valuations. But that isn’t what’s happening.

    Behind the scenes, a group of investors is unknowingly keeping this multifamily boat afloat, artificially inflating cap rates and keeping prices at record highs. The problem? This makes average asset prices skyrocket to almost unaffordable levels, ruining the playing field for any investors who can’t outright buy a multi-million dollar property in cash. Ashley Wilson, experienced multifamily investor, calls this the “cap rate con” and blames much of today’s high multifamily pricing on it.

    Ashley is a veteran real estate investor with a decade and a half of experience. She’s been investing in large multifamily housing since 2018 and is shocked at what’s happening today. This “multifamily madness” is affecting investors across the board, and she’s convinced that it must come to an end. But what’s causing these inflated prices? How are multifamily investors reacting? And is there still space for the new investor to make money? You’ll have to tune in to find out!

    In This Episode We Cover

    How a pandemic-fueled buying spree massively inflated multifamily housing cost

    1031 exchange investing and how “all cash” buyers are damaging the system

    The “cap rate con” leading to surging property price hikes without reasoning

    How to evaluate a multifamily investment property in three different ways

    Advice for passive real estate investors and those investing in syndications

    Whether or not a wave of multifamily defaults is on the horizon

    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

    Book Mentioned in the Show

    The Only Woman in the Room by Ashley Wilson

    Connect with Ashley:

    Ashley's BiggerPockets Profile

    Bar Down Investments

    Apartment Addicts

    Ashley's Instagram




    Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-52

    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 59 min

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