136: Expensive AND Affordable Markets Are Feeling the House Hackers’ Wrath w/Anson Young and Ryan Blackstone

On The Market

BiggerPockets

News, Education, Business, Investing

4.8 • 859 Ratings

🗓️ 1 September 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Buying a house in the 2023 real estate market is already exhausting. Sellers have regained control, and homebuyers are back bidding over every reasonably priced house within a decent school zone. But, buyers have gotten smarter, paying attention to one strategy that allows them to break even or sometimes cash flow, even with today’s sky-high mortgage rates. And our two expert agents from entirely different markets agree: this is the way to go. To finally tone down Henry Washington’s non-stop Northwest Arkansas propaganda, we’ve brought Ryan Blackstone, local Arkansas agent and broker, on to the show to break down exactly what moves are being made in his “affordable” market. But we’ve also got BiggerPockets royalty, Anson Young, to give his take on where the significantly more expensive Denver market is headed. Both agents review what buyers are looking for, what’s selling, whether the buyer or seller has control, and the strategies smart investors use to cash flow even in an impossible housing market. In This Episode We Cover: Why we may be back to a seller's market and which properties are getting bid up The one strategy you can use in 2023 to create cash flow (it’s much easier than you think) Seller concessions and why new developments are making BIG price cuts Doubling your cash flow almost overnight by changing one part of your lease The one thing that could trigger a wave of buyers to come back to the market 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 Book Mentioned in the Show: Finding and Funding Great Deals by Anson Young Connect with Anson & Ryan: Anson's BiggerPockets Profile Anson's Instagram Ryan's BiggerPockets Profile Ryan's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-136 Interested 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

Transcript

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0:00.0	Buy low, sell high. Very easy to say, but not always so easy to do. For example, high interest
0:07.2	rates are hurting the real estate market right now. Demand is dropping and prices in a lot of
0:12.2	markets are falling, even for many of the best assets. So it's no wonder the Fundrise
0:17.3	Flagship Fund plans to go on a buying spree expanding its billion dollar real estate
0:22.7	portfolio over the next few months you can add the fundrise flagship fund to your portfolio in
0:28.9	just minutes and with as little as $10 by visiting fundrise.com slash pockets fundrise.com
0:35.7	slash pockets carefully consider the investment objectives,
0:39.5	risks, charges, and expenses of the Fundrise Flagship Fund before investing. This and other
0:44.9	information can be found in the fund's prospectus at fundrise.com slash flagship. This is a paid
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