83: The “Catalyst” That Could Cause The Economy to Fall w/Ben Miller

On The Market

BiggerPockets

Business, News, Education, Investing

4.8 • 859 Ratings

🗓️ 3 March 2023

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

The 2023 economy doesn’t fit what the forecasters were predicting. Inflation was up, but now it’s coming back down, interest rates keep rising, but homebuyer demand is coming back? As if there wasn’t enough contradictory data, employment is holding steady while we should be in a recession. What’s really happening behind the scenes, and how can you use economic headwinds to build wealth faster while everyone else braces for an impact that may never come? We’re back with Fundrise CEO Ben Miller to discuss the three economic scenarios EVERY investor should plan for in 2023. Ben has learned something new about the economy (and himself) during every past crash. In the 90s, when real estate took a hit, young Ben was too carefree to be concerned. Then, when 2008 came around, Ben was left with scars from the market crash carnage. Now, after the 2020 flash crash and into a potential 2023 market crash, Ben knows better and is making bets that’ll make him, his company, and his investors very wealthy. Ben thinks it’s a mistake that most investors simply put one scenario forward when investing. He tells tales of some of the greatest investors using basic scenario planning to make a killing during any economy. In this episode, he’ll run through exactly how you can do this and why thinking in bets may be one of the best moves you can ever make. So, even if a housing market crash does come, you’ll be prepared not just to survive but thrive. In This Episode We Cover Why we aren’t in a recession yet and the contradictory crash indicators Scenario planning 101 and the three types of outcomes EVERY investor should plan for Thinking in bets and why a “black swan event” is much closer than most people think What could lead to an economic recession and why it’s getting impossible to predict one The best asset classes to invest in during 2023 and why institutional investors are taking big bets on debt Why base hit real estate deals will make you rich, but home run potential should always be taken advantage of 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 Attend a BiggerPockets Meetup On the Market 33 with Ben on Build-to-Rent On the Market 65 with Ben on Deleveraging On the Market 76 with NFL Panel Books Mentioned in the Show The Psychology of Money by Morgan Housel The Art of the Long View by Peter Schwartz Antifragile by Nassim Nicholas Nicholas Taleb Connect with Ben: Ben’s Twitter Ben’s LinkedIn Ben’s Email Ben’s BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-83 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	interest rates are sky high in 2023, and buying a rental property means you could get stuck with
0:05.4	an 8, 9, or 10% mortgage rate. But what about a 2.99% rate with rent to retirement? Rent to
0:12.4	retirement has 2.99% seller financing available on turnkey properties. You heard that right. That's a seller
0:19.9	financed 2.99% interest rate with an average
0:23.5	cash flow of over $900 per month. Plus, they've got options where you can put as little as 5%
0:29.9	down with no PMI. As the nation's leading turnkey investment company, rent-to-retirement helps
0:35.4	investors build headache-free, high-cash-flow rental
0:38.2	portfolios. And since their properties are fully turnkey, newly built, or renovated, leased,
0:43.7	and managed, anyone can invest. Even those who aren't into landlording. So what are you waiting
0:48.7	for? This 2.99% rate deal won't last long. To learn more, visit rent-tirement.com. That's rent-t-o-retirement.com.
0:59.3	Or text REI to 33-777. Again, text REI to 33-777-7.
1:07.8	Buy low, sell high. Very easy to say, but not always so easy to do. For example, high interest
1:14.5	rates are hurting the real estate market right now. Demand is dropping and prices in a lot of
1:19.5	markets are falling, even for many of the best assets. So it's no wonder the Fundrise
1:24.6	Flagship Fund plans to go on a buying spree expanding its billion dollar
1:29.4	real estate portfolio over the next few months. You can add the Fundrise flagship fund to your
1:35.3	portfolio in just minutes and with as little as $10 by visiting fundrise.com slash pockets.
1:41.9	Fundrise.com slash pockets. Carefully consider the investment objectives, risks,
1:47.2	charges, and expenses of the Fundrise flagship fund before investing. This and other information
1:52.8	can be found in the fund's prospectus at fundrise.com slash flagship. This is a paid
1:58.2	advertisement. In a frequently shifting market, deciding how to invest can be overwhelming. You need a partner
2:03.6	that has a proven track record, BAM Capital. They've navigated the Great Recession,
	...

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