73: A New Housing Market is Forming: How to Take Advantage in 2023

On The Market

BiggerPockets

News, Investing, Education, Business

4.8 • 859 Ratings

🗓️ 27 January 2023

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

The new housing market is here, and with it comes a whole new set of real estate investing rules. Now, appreciation isn’t a given, flipping can flop, and good multifamily deals are one in a dozen instead of one in a million. This type of market can be dangerous for new real estate investors, but it can also be a massive opportunity for those who want to play the game the right way. So, please don’t ask the newly-rich gurus what their advice would be; turn to the decade-long players who have survived crashes, come back stronger, and know which deals are worth getting done. In this episode, we’ll go through the “2023 State of Real Estate Investing Report,” written by your data and sandwich savant, Dave Meyer. This report presents a window into what could happen in 2023, where the housing market stands now, and how investors can react to build real estate riches. Henry Washington, Jamil Damji, and Kathy Fettke give their own housing market predictions for the next year and prove cash is king, why on-market deals are the way to go, and how investing in “hybrid cities” can make you both equity and cash flow rich. The On the Market team will also give their thoughts on the potential commercial real estate crash that could happen in 2023. This type of movement in real estate affects all investors. Knowing about it beforehand can help you not only make money on killer deals but also help you avoid buying a property that may nosedive in value after buyers exit the market. So if you want the best data on real estate investing for 2023, this is the place to be! In This Episode We Cover The “new housing market” that’s forming and how investors can take advantage Why cash is king and how low competition and high rates can help you buy rental property steals Why “buying deep” combined with seller financing can make you a killing in 2023 Whether house flips will flop in 2023 and how inexperienced investors could get burnt The “hybrid cities” that offer investors cash flow AND appreciation in one place Commercial real estate and the multifamily price crash that could be on the table in 2023 And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent 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 Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram The 2023 State of Real Estate Investing Report On The Market Podcast 65 with Ben Miller (Liquidity) On The Market Podcast 71 with Brian Burke (Multifamily Crash) BiggerPockets Real Estate Podcast 721 with Scott Trench (BiggerPockets CEO) Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-73 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You ever feel like your vacation rental since empty too often?
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1:00.0	insurance and protect your rentals with Steadily Insurance. Steadily Insurance, founded by
1:04.8	landlords for landlords. Hey, everyone, welcome to On the Market. I'm your host, Dave Meyer.
1:18.2	Join today with Henry Washington, Jamil Damjee, and Kathy Fecky. Happy New Year, everyone.
1:23.7	Happy New Year. Happy New Year. Happy New Year. I Year. Happy New Year, guys.
1:31.6	I know this episode doesn't come out to like the middle of January, but it's the first time we're seeing each other since the new year.
1:34.7	Anyone do anything fun over the break?
	...

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