166: Multifamily Opportunity, Middle-Class Wins, and Mortgage Rate Relief Arrives

On The Market

BiggerPockets

News, Education, Business, Investing

4.8 • 859 Ratings

🗓️ 7 December 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mortgage rates continue to fall as home buyer demand rises across the nation. We may be back to the times of bidding wars, “rapid appreciation,” and houses going under contract in days. But, most Americans are still sitting on the sidelines, thinking that real estate prices are too expensive to get in. Could this be a huge wealth-building mistake, and will we look back on 2023 prices as times when real estate was “cheap”? We’re back with another correspondents show as Henry, James, and Kathy bring the latest housing market headlines. “But, where’s Dave?” you ask. He’s eating some pad thai, snorkeling, and probably still looking at Fed data, even on his honeymoon. But don’t worry, he’ll be back soon! This time, we’re talking about the HUGE multifamily update that makes buying a multifamily rental property easier than ever before. If you want to get into real estate or try your first house hack, this is THE news you’ve been waiting for. Next, the most middle-class-friendly cities that you’ve probably never thought of. Then, the short-term rental “tenant from hell” who lived in a home for a year and a half rent-free, and what happened to the landlord as a result. And finally, some good news for buyers, as we discuss the slowly dropping rates and the massive opportunity they could bring. In This Episode We Cover: The new five percent down multifamily loan ANYONE can use to start investing Cities with the best middle-class life and six-figure paychecks for the taking The “tenant from hell” who cost a landlord over two hundred thousand dollars! Mortgage rate relief and why mortgage demand continues to JUMP Why “rapid appreciation” could be incoming as affordability increases with lower rates 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 Kathy's BiggerPockets Profile Kathy's Instagram Stories from Today’s Show: Best Middle-Class Cities Tenant from Hell Mortgage Demand Mortgage Rates Fell Last Week as a Recession Looms—Have We Turned a Corner? Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-166 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	Whether you're a seasoned real estate investor or you're just looking for your first opportunity,
0:04.2	we all know that having a top-tier lender is one of the most critical things on your checklist.
0:09.0	The thing is that many lenders overpromise and draw things out.
0:13.0	But with Center Street lending, you can say goodbye to the roadblocks and focus on making money.
0:18.1	With over $5 billion in funded loans, 240 plus five-star Google reviews,
0:24.1	seasoned loan officers, and white-gloved service, Center Street lending provides smarter loans for
0:29.4	residential investors and a fast track to success. Apply now at biggerpockets.com slash center street.
0:35.6	That's biggerpockets.com slash center street. That's biggerpockets.com slash center street.
0:39.4	Buy low, sell high. Very easy to say, but not always so easy to do. For example, high interest
0:46.1	rates are hurting the real estate market right now. Demand is dropping and prices in a lot of markets
0:51.4	are falling, even for many of the best assets.
0:54.6	So it's no wonder the Fundrise Flagship Fund plans to go on a buying spree,
0:59.2	expanding its billion-dollar real estate portfolio over the next few months.
1:04.0	You can add the Fundrise flagship fund to your portfolio in just minutes
1:08.5	and with as little as $10 by visiting fundrise.com slash pockets.
1:13.5	Fundrise.com slash pockets.
1:16.0	Carefully consider the investment objectives, risks, charges, and expenses of the Fundrise
1:21.2	Flagship Fund before investing.
1:23.2	This and other information can be found in the fund's prospectus at fundrise.com slash flagship.
1:29.0	This is a paid advertisement.
1:31.1	Hey, Henry Washington here from the On the Market pod.
1:33.3	You ever get frustrated while hunting for off market properties?
	...

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