223: 2024 Real Estate Investing Strategy Showdown: Rentals, Flips, & New Builds

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 6 June 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

House flipping vs. renting vs. build-to-rent: which real estate investing strategies could make you the MOST money in the second half of 2024? At the beginning of the year, many investors believed that interest rates would be coming down, housing inventory would finally return to the market, and inflation had been defeated. But that didn’t turn out to be the case. In this ever-changing housing market, what should investors like you do to make the most money possible with the fewest risks? We asked three of our expert panelists to give their take! So today, we’re having a friendly real estate investing strategy smackdown to pit house flipping against buy-and-hold against build-to-rent homes. Each strategy has BIG benefits but also comes with some serious risks rookie and expert investors should be looking out for. Plus, these investing strategies are NOT for everyone. We’ll discuss who should (and definitely shouldn’t) invest using each method. 2024 is not an easy real estate market, but our expert investors lay out the exact risks to avoid, how to get around them, and the best ways to build serious wealth while most Americans sit on the sidelines. We’ll talk about the enormous gains you can make even with high interest rates, what James calls the best way to find financial freedom, how to invest EVEN if you have very little time, and the one type of rental property with WAY lower insurance and repair costs. In This Episode We Cover The three best real estate investing strategies of 2024 and which methods we’re using TODAY Buy-and-hold real estate and the CRUCIAL skill that will help you build a real estate portfolio faster The costs that can kill your house flipping business, but the massive gains you can make EVEN in 2024 Build-to-rent investments and why this may be one of the easiest ways to invest in real estate Don’t have experience or money? How to form partnerships that’ll grow your wealth even if you’re a beginner 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 Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram Property Manager Finder How to Build Wealth With Rental Properties Through Buy & Hold Investing Flipping Houses: How to Get Started and Everything You Should Know Investors Are Putting Their Money in Build-to-Rent Homes at a Record Rate—What’s Causing the Frenzy? Jump to topic: (00:00) Intro (01:18) Buy (Renovate) and Hold (08:32) Who Should Buy and Hold? (10:05) Biggest Risks (12:04) Flipping Houses (17:41) Who Should Flip? (20:01) Biggest Risks (22:57) New Construction (31:34) Biggest Risks (34:36) Best 2024 Investing Strategy Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-223 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	We are halfway through 2024, and many investors may be wondering which strategy is going to work for
0:06.1	the second half of the year, specifically to grow wealth for the long term. Today we're having a
0:11.3	strategy showdown, where we discuss the pros and cons of three investing strategies that are
0:16.3	pretty popular with investors today.
0:25.7	Hello and welcome to the On the Market podcast.
0:27.6	I'm one of your host, Kathy Fedke.
0:30.8	And today with me is Henry Washington and James Danard.
0:33.3	Thank you, host, Kathy.
0:37.1	I think you're going to be the new intro for On the Market Podcast. So Dave missed out and might have lost a job.
0:39.7	Oh, no.
0:40.7	Could never replace Dave.
0:42.2	That's going to be your new strategy, main host, Kathy.
0:45.9	So today we're going to be discussing three investing strategies that is buy and hold
0:51.6	or we can call it renovate and hold.
0:54.3	We'll be talking about flipping and also new construction.
0:58.8	We're going to talk about the pros of each of these strategies for 2024, but we're also going
1:02.4	to cover the cons.
1:03.4	So this show is meant to help inform your investing strategy decisions for the second half
1:07.8	of the year.
1:08.5	And this is my favorite kind of show.
1:10.5	We get a cut up deal.
1:11.6	So let's get into it.
	...

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