198: Real Deals We’re Doing RIGHT NOW (Flips, Developments, and Duplexes)

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 14 March 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to the “redemption year” for real estate investing. We talk a lot on this show about the real estate deals being done all across the country. From interviewing flippers to developers to agents and investors, it always seems like there’s still money to be made, no matter the market. But is that really true? Or is it a bunch of pro-property investing propaganda that “big real estate” is pushing? To prove that there are indeed real deals to be done in 2024, we’re bringing on some of OUR latest investments and walking through the ACTUAL numbers on this show! Each of our expert hosts (including Dave!) has a real estate deal to review on today’s episode. First, we’ll touch on James’ new joint venture partnership that’s making him a hefty six-figure profit that could almost be considered passive income. This deal alone could make James over $300,000—a sum that could change anyone’s life! Then, Dave jumps back into the market as he makes his first active real estate investment in YEARS. This home has a lot of potential, so what should he do with the property? Next, the “Kat(hy)-Signal” goes up as a growing city in Oregon pleads our own Kathy Fettke to start developing homes so local workers have a place to live. Thankfully, she picks up an astounding deal from a local farmer who doesn’t know much about developing. Finally, we’re back to good ol’ Arkansas as Henry walks through the numbers of a quick house flip that could profit him $80K. But that’s not the only sweet part of this deal. Another big benefit comes from the lot right next door. What will Henry do with it? Stick around to find out! In This Episode We Cover: Why NOW is the time to buy as competition is low and “walk-in equity” is high James’ almost passive real estate investment that could make him $300K Develop, add an ADU, or do nothing—what’s the best move for Dave’s new property? How Kathy is turning farmland into single-family houses for a small Oregon city Henry’s quick house flip that is turning a stellar profit and what he plans to do on the extra lot that came with the deal 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 BiggerPockets' Instagram Simple Deals We’re Doing That Are Making MASSIVE Profits Books Mentioned in the Show Start with Strategy by Dave Meyer Check out more resources from this show on https://www.biggerpockets.com/blog/on-the-market-198 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

Transcript

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0:00.0	Hi, everyone and welcome to On the Market.
0:09.8	I'm your host, Dave Meyer.
0:11.5	And today I am joined by James Dainard, Kathy Fecky, and Henry Washington.
0:16.3	And we're going to be talking about our own investing journey.
0:21.4	On the show, of course, we always are trying to help you make informed decisions about your investing portfolio.
0:28.7	And today we thought it would be helpful to just share a little bit about what we've been doing early in 2024.
0:34.4	So you can learn from our efforts, our mistakes, our successes, and all of that.
0:39.2	We also want to show you that even though we are mostly on this show on this podcast talking
0:44.8	about economics, about data, about news, we want to show you that we are actually using
0:50.5	the information that we talk about here to make real-time investments, real-time decisions
0:55.4	about our portfolio. So hopefully you can learn how we actually apply some of the market data
1:00.8	that we're always talking about here to our own personal portfolios. So, Henry, I'd love to
1:06.4	just start with you. How has the beginning of 2024 been going for you? It's been pretty good, man.
1:13.4	You know, I like to, you know, take what the defense gives me in terms of my investing style.
1:19.3	And right now, there's still limited competition because interest rates have remained pretty steady where they are.
1:27.0	And that's keeping some people out of the game,
1:29.4	which is allowing me to get really,
1:31.0	really good deals.
1:32.1	And so I'm buying it at a fairly deep discount when I'm acquiring properties.
1:36.6	Sometimes that means I'll get cash flow from day one.
1:39.3	Sometimes it means I still may not,
1:41.1	but I'm going to walk into a lot of equity.
	...

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