On The Market

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 CoverWhy ChatGPT may be good at everything but writing podcast introsUsing AI platforms to create job descriptions, outreach to sellers, and take menial tasks off your plateWhether or not AI has the potential to kill jobs in the real estate sectorThe “job evolution” that is waiting for those who can embrace new technologyThe EXACT software, systems, and apps we’re using to grow our real estate portfoliosAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ProfileDave's InstagramHenry's BiggerPockets ProfileHenry's InstagramJames' BiggerPockets ProfileJames' InstagramJamil's BiggerPockets ProfileJamil's InstagramKathy's BiggerPockets ProfileKathy's InstagramBasecampChatGPTFollow Up BossInfusionsoft (Keap)Monday.comNinety.ioSalesforceCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-119Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The next foreclosure wave is already brewing. Over the past few years, monetary moves and rash home buying decisions were made that could cause even more foreclosures to hit the market. The question is, which markets will face the most foreclosures, and how low will prices go? But that’s not all; foreclosure competition has started to spike as a new type of buyer enters the market for these deeply discounted properties.And if you want to know about foreclosures, discounted properties, and data on the markets with the biggest price cuts, Daren Blomquist from Auction.com is your man. As VP of Market Economics, Daren knows where the foreclosure market is moving before the masses do. In this episode, he gives his take on the next “wave” of foreclosures that could be headed our way, when it will hit, and the investing areas already feeling the effects.Daren also talks about the unexpected buyers entering the foreclosure market and how they could put investors at the back of the line for discounted deals. And if you’re in this specific state, prepare for your properties to be placed at open auction, as investors are forced to wait to acquire the foreclosure properties they rightfully won. Make no mistake; there are MANY deals out there for investors, but competition could start to heat up fast! In This Episode We CoverThe “seeds of a bigger foreclosure wave” that are about to sproutBuyers bounce back and why the housing market and home prices have been so resilientA rise in foreclosures and what’s causing a steady uptick in homeowners forfeiting their housesNew foreclosure laws that could make it even harder for investors to buy discounted propertiesMarkets facing the deepest foreclosure price cutsRecession predictions and whether or not this will force even more foreclosuresAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ProfileDave's InstagramHenry's BiggerPockets ProfileHenry's InstagramThe Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard OfHow Much Investment Diversification Is Right for You?Hear Our Previous Interview with DarenConnect with Daren:Auction.com NewsDaren's LinkedInDaren's TwitterCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-118Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Looking for housing markets with population growth, new jobs, rising home prices, and unlimited profit potential? If so, you’re in luck! In this episode, we’ll reveal four of our favorite “comeback” housing markets primed to explode over the next few years. Thanks to the recent housing correction pushing home prices lower, some top investing areas are sitting on suppressed prices that might not last long. So, what are our top markets?First, we head down south to talk about an explosive city that tanked in property pricing but now looks like a strong buy. Then, we’ll head to the Silicon Slopes to break down why this new tech hub (and ski city) boasts some surprising metrics that could mean more money for rental property investors. From there, we’ll enter into the dense forest and fog of an iconic city that isn’t even close to past its prime. Finally, we’ll finish with a nugget of wisdom from Dave on why this “fast food city” might be worth more than its munchies.So, if you’ve been preparing for your next out-of-state investment or are just looking for a market that’ll bring you long-term growth, tune in to hear where our experts are planning their property purchases!In This Episode We CoverThe four most promising comeback housing markets of 2023Market metrics you should look for when analyzing a real estate investing areaTech’s potential hiring boost and why public layoffs won’t last foreverThe surprisingly strong city that is seeing rock-bottom days on market and bidding warsFollowing big businesses and why you should look for job growth BEFORE you investAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ProfileDave's InstagramHenry's BiggerPockets ProfileHenry's InstagramKathy's BiggerPockets ProfileKathy's InstagramWhat An Analysis Of 295 Housing Markets Told Me About The National MarketThe 8 Worst and Best Housing Markets in The US (2023 Edition)Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-117Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Asset allocation is arguably the most crucial step in building wealth. While most people think just buying rentals is enough, having the money set aside to protect those rentals, and subsidize your business during rough markets, can make or break your real estate portfolio. In the last crash, those entirely in real estate saw their wealth dwindle to nothing while diversified investors held strong, scooping up deals at a steep discount, making millions in the coming decade.Now, with many investors fearful that we’re on the edge of another crash, James Dainard and Kathy Fettke have stepped in to give advice only multi-decade millionaires know of. Dave, James, and Kathy will be breaking down their exact investment portfolios, walking through what they own, what they don’t, and how they structured their wealth to stay safe without stagnating.They’ll also share their advice on what to invest in TODAY, how to diversify your portfolio so you don’t get liquidated in the next crash, what they’d buy with $100,000, and “risk-free” investments like bonds still boasting favorable returns. Whether you’re just starting to invest or are looking to optimize your passive income, this episode is for you!In This Episode We CoverAsset allocation 101 and why it is SO crucial to building (and keeping) wealth Revealing our multimillion-dollar investment portfolios and how we designate our dollarsKathy’s short-term rental bet and house hacking EVEN while you’re financially freeGeographic diversification vs. asset diversification and whether the market or asset matters moreProtecting yourself during a real estate crash and what James wishes he did last timeBonds and “risk-free” investments that could give you a stress-free returnAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ProfileDave's InstagramJames' InstagramJames' BiggerPockets ProfileKathy's BiggerPockets ProfileKathy's InstagramThe Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard OfHow Much Investment Diversification Is Right for You?Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-116Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Home prices could become affordable without any of us noticing. In fact, home prices don’t even have to fall for the housing market to enter into a mild correction. With affordability hitting lows that we haven’t seen since the seventies and eighties, what could save today’s home buyers from paying for one of the most expensive mortgage payments of all time? Something must be done. And thankfully, it might already be happening.If you want to know the truth behind silent housing corrections, market-abandoning buyers, and where we could be headed, you better ask Andy Walden from Black Knight. We brought Andy on the show to talk about everything from mortgage rates to unaffordability, delinquencies, foreclosure fears, and what can be done to help our home buyers. Andy spends all day, every day, playing with some of the most vital proprietary property data sets imaginable, and he has an answer to almost every question.In this episode, Andy speaks on the housing market correction that could happen without home prices falling, why more home buyers are leaving the market, how mortgage rates could fall without the Fed’s input, and what could cause delinquencies to finally rise.In This Episode We CoverThe silent housing correction and what could cause affordability to riseMortgage rate lock activity and why we’re hitting all-time lows for home buyingBond yields, mortgage spreads, and how rates could fall without the Fed intervening The housing inventory crisis that’s causing home prices to stagnateDelinquency forecasts and two big events that would put homeowners in a tight spotAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ProfileDave's InstagramGrab the Latest Mortgage MonitorWhat Is a Housing Market Correction and How Does It Really Impact You?Connect with Andy:Work with Andy and His TeamCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-115Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Housing market forecasts, affordability false flags, forty-year mortgages, and a baby boomer shopping spree. Today, we’re touching on anything and everything affecting the housing market as the full On the Market panel joins Dave Meyer to answer YOUR most-asked questions. Dave has been collecting questions from viewers to have a rapid-fire question-answering round with some of today’s top real estate investing experts. If you want to know what will happen next in the housing market, tune in!We invited the whole crew to give their opinions on today’s investing market. We’ll talk about whether the real estate market’s “crash” is tied to stock performance, affordability and how ADUs (accessory dwelling units) may have shot home prices even higher, and the new forty-year mortgage and whether or not it’s a safe option for everyday home buyers. But, we’re also peaking into our crystal balls to give some BIG housing market predictions for the next few decades.Kathy talks about how average home prices could hit seven figures (seriously!) within our lifetime and why buying now may be your last chance to snag an “affordable” home. Then, to wrap things up, our expert guests share which asset class they’d invest in TODAY that could lead to a HUGE payoff in just a few years. The market is changing; stick around so you’re not left behind!In This Episode We CoverWhat we’d invest in TODAY that could see HUGE profits in the next few yearsFinding the housing market’s bottom and whether or not we’ve already hit itHousing affordability and why ADUs (accessory dwelling units) may have hurt home buyersA thirty-year real estate prediction and how high home prices could getThe new forty-year mortgage, who’s applicable to get one, and affordable loan optionsBaby boomer buyers, rising birth rates, and demographic trends that could seriously affect the market Mortgage rates explained and why lenders won’t undercut their competitionAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ProfileDave's InstagramJamil's BiggerPockets ProfileJamil's InstagramHenry's BiggerPockets ProfileHenry's InstagramJames' BiggerPockets ProfileJames' InstagramKathy's BiggerPockets ProfileKathy's InstagramHear Our Interview with Chris MartensonHousing is Unaffordable, But Could It Actually Get Worse?Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-114Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market is stuck. Stubborn homeowners with low rates refuse to move, even as demand starts to pick back up. Homebuilders are driving ahead with more new construction homes, but is it too late to deliver the supply we so desperately needed only a year or two ago? Where is the housing market moving next, and how long will we be stuck in this standoff? Ivy Zelman from Zelman & Associates successfully predicted the last housing crash, so what does she have to say about today’s market?Ivy is a thought leader in the real estate research space. Her credibility has been showcased repeatedly as her team accurately forecasts numerous housing market moves. Constantly on the phone with institutional buyers and builders, Ivy tends to know what’s happening before even the top forecasters. In this episode, Ivy gives her opinion on today’s housing market, why buyers and sellers are “stuck,” and whether or not the “underbuilding” problem is even an issue as demographic trends start getting dangerous.She also shares which real estate markets are in the most danger, the concerning catastrophe facing many southern states, and the markets she’s most bullish on that could withstand the test of time. But, more importantly, Ivy shares her thoughts on whether or not real estate is still worth investing in and why it may be time for landlords to diversify into other assets that don’t come with such a considerable risk.In This Episode We CoverThe single greatest danger affecting the housing market in 2023The new vs. existing home challenge and why homeowners are stuck in placeAffordable housing and why the “underbuilding problem” isn’t what you think it is“Tremendous” competition for rentals and which investors should be concernedUnderrated housing markets that are seeing strong demand and demographic tailwinds2008 vs. 2023 and whether another housing crash is even feasible in today’s marketAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ProfileDave's InstagramJamil's BiggerPockets ProfileJamil's InstagramHear Our Last Interview with IvyConnect with Ivy:Ivy's EmailIvy's WebsiteCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-113Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Home sales have been falling fast since interest rates rose last year. After a spree of house shopping and record-low mortgage rates, homeowners sit comfortably in 2023. They’ve got affordable monthly payments, a home that is (probably) bigger or better than their last one, and expect a potential recession sometime soon. So why would today’s homeowners give up all that security to buy in a hazardous market? Mark Fleming from First American has been trying to uncover the answer.Mark serves as Chief Economist for First American, one of the United State’s leading title companies. Mark’s job is to predict and forecast the housing market, home sales, and buyer activity. And in 2023’s topsy-turvy economy, this is becoming a little more difficult. Mark has built a model to help predict home sales, looking at key factors like household formation, affordability, current mortgage rates, demographics, and more. And he’s got some interesting findings to share.The days of low interest rates and property upgrading may be over. Homeowners are now staying in their houses for twice as long, holding off on buying their next home until favorable conditions arise. But, this creates a “prisoner’s dilemma” for home sellers and buyers. With most of the United State’s potential property inventory sitting in the hands of those who refuse to sell, we’re answering, “What happens next?” in this episode.In This Episode We CoverHome sales predictions and what happens when there is NO available inventory Loose monetary policy and how low interest rates caused an affordability spike Two critical factors that drive the market to soar or slump Home turnover and why today’s homeowner is “locked-in” and refusing to moveThe “prisoner’s dilemma” that’s caused the housing market to stagnate A return to the “new normal” and what future homebuying could look like And So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ProfileDave's InstagramInventory Shortage Could Continue As Interest Rates Rise and Homeowners Feel “Locked-In”Connect with Mark:First AmericanREconomy PodcastCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-112Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone wants to know how to get rich in a recession. The problem? With many asset prices plummeting and a bipolar real estate market, parking cash in any asset could be considered a risk. But, a particular sect of real estate still makes money even if the housing market starts to crash and home prices freefall. This is one of the lowest-risk ways to start investing, especially during a recession, and it made our expert guests, James Dainard and Jamil Damji, very wealthy.James and Jamil have been using this strategy since the early 2000s. When home prices started plummeting in 2008, buying rentals became risky, and fix and flips got decimated. Thankfully, this often misunderstood type of “investing” allowed them to capitalize on the price action, picking up deals that would make great buys and passing them along to buyers who could hold their own during the crash. This same strategy still makes them millions of dollars today, and you can start using it!In Jamil’s newest book, How to Wholesale Real Estate, you’ll learn how to build a scalable wholesale business without much cash, experience, or contacts. This is one of the BEST ways for new investors to get started and is a phenomenal source of supplemental income for investors and flippers who have too many deals on their desks. Think it’s too late to make money in an economy like this? Think again!In This Episode We CoverJamil’s newest book, How to Wholesale Real Estate, and using it to get your first deal doneWholesaling explained and why “trading” real estate may be better than investing in itRecession-proof real estate investing and why wholesaling is one of the lowest-risk ways to start making money in real estateMillion-dollar relationships and the people you MUST have in your circle to be successfulFinding buyers and why investors don’t disappear even when home prices start to fallThe housing markets that are on FIRE for wholesalers (and which are showing HUGE opportunity) And So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ProfileDave's InstagramJames' BiggerPockets ProfileJames' InstagramJamil's BiggerPockets ProfileJamil's InstagramBook Mentioned in the Show:How to Wholesale Real Estate by Jamil Damji (use code “WHOLESALE110” to get 10% off)Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-111Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The housing market REFUSES to slow down. Last year, homebuilders had a bleak outlook for 2023 home buying, but now, not even halfway through the year, they’ve reversed their sentiment with high hopes that demand stays red hot. How is this even happening? With mortgage rates higher than they’ve been in years and barely any inventory on the market, wouldn’t buyers take the hint and let their foot off the gas? We brought back John Burns from John Burns Research and Consulting to give us some answers.John’s team has some of the freshest housing market data available. With over 1,000 research contracts a year, they’re constantly talking to homebuilders, buyers, flippers, and everyone in the home-buying process. John touches on household formation and why millennials are saying “no” to roommates, even as prices rise. He’ll also talk about where Americans are moving, what’s causing construction costs to come down (but also grow?), and why the Fed is failing to kill the housing market.Also, if you want to give a hand to the generation helping young buyers the most, it seems that baby boomers are having an unexpectedly significant role in propping up the economy. We’ll also get into new affordable housing projects that could bring more starter homes on the market. Want to know John’s thoughts on what could happen in the housing market over the coming months? Stick around!In This Episode We CoverWhy high mortgage rates HAVEN’T killed the housing market yet American migration and which states are starting to see stagnating populations Multifamily rent updates and why tenants may have the upper handNew builds, cheaper material costs, and why your next home may be a new construction INSANE debt-to-equity stats that highlight why homeowners refuse to sell New affordable housing projects that could give homebuyers better options And So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets 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 ProfileDave's InstagramJames' BiggerPockets ProfileJames' InstagramOn the Market 31 with JohnConnect with John:John's Company LinkedInJohn's TwitterJohn's WebsiteCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-110Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices