Bonus: How to Use the 2023 Housing Correction to Get RICH with Real Estate

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 10 March 2023

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

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Summary

The 2023 housing correction could be the PERFECT time to invest in real estate. Don’t believe us? Maybe you’ll be more convinced by Dave Meyer, VP of Data and Analytics at BiggerPockets and real estate investor who got his start right after the 2008 housing market crash. For a fresh-out-of-college Dave, this was one of the scariest purchases he could have ever made. Right off of the Great Recession, no one knew which way the housing market would head, but because Dave took an educated, data-backed risk, he’s been rewarded handsomely with passive income. And if you’re like most new real estate investors, you want to find financial freedom and spend more time doing what you love while building wealth in the background. Now, with skittish sellers and high mortgage rates scaring away many would-be-homebuyers, you can pick up real estate deals that could propel your wealth forward for years to come. And in this webinar, Dave will show you EXACTLY how to find, analyze, and finance your real estate deals. He’ll also dive deep into the data behind today’s housing market and prove why now may be one of the BEST times to buy real estate in years. Now is YOUR time to start building wealth. Don’t sit on the sidelines while others are reaching financial freedom. Become a BiggerPockets Pro member and get access to exclusive rental property calculators, lease templates, property management software, and access to bootcamps that will take your knowledge to the next level. Sign up for BiggerPockets Pro and use code “INVEST23” for 20% off and a special gift from Dave! In This Episode We Cover: How to find financial freedom in ANY housing market (even in 2023!) The housing market correction that could be a BIG OPPORTUNITY for buyers Whether or not buying in today’s housing market is a smart move to make Mortgage rate fears and how to combat a high monthly payment with seller concessions Strategies that work in today’s real estate market and the five ways to profit with real estate How to analyze a rental property investment with the BiggerPockets calculators And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Dave's BiggerPockets Profile Dave's Instagram Hear Dave on the “On the Market” Podcast Subscribe to the “On The Market” YouTube Channel BiggerPockets Rental Property Calculator Estimate Rent Easily with the BiggerPockets Rent Estimator Join BiggerPockets Pro and Use Code “INVEST23” for 20% off and a special gift from Dave Books Mentioned in the Show Real Estate by Numbers by Dave Meyer and J Scott Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-bonus-housing-crash 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	Welcome to today's a bonus episode of the bigger pockets podcast. We've seen continuously new
0:06.1	record highs for home prices for the last several years and that is not necessarily where you
0:11.6	want to buy. That is why a lot of the wide money is made during your corrections because you have
0:16.0	an opportunity to buy below market value. Well, the last couple years we were very, very clearly
0:21.1	in a seller's market. You know this because the refitting wars, right? That means that the seller
0:25.3	could just pick the highest offer. Sellers could really dictate the terms of any transaction.
0:30.8	That has completely changed. What's going on, everyone? I'm Dave Meyer. I'll be your host for
0:35.9	today's bonus episode. We are giving David Green a very well-deserved day off. So I can talk about
0:43.7	one of my favorite topics. A topic I'm super passionate about and I'd like to think
0:48.5	an expert in which is how to invest during a market correction. I think we all know that the
0:54.8	housing market is very uncertain and a little bit confusing right now, but there are really good
1:01.1	ways to invest if you can identify the right types of opportunities. There is risk in today's
1:07.3	market for sure, but with risk comes reward. They're sort of counterbalances for each other and
1:12.1	investing successfully during a housing correction is all about spotting the right opportunities
1:18.1	and using the right strategies and the right tactics that are appropriate for this type of economic
1:23.5	environment. If you guys don't know me, I work full times at bigger pockets as the vice president
1:28.0	of data and analytics. I host that on the market podcast, which comes out Mondays and Fridays.
1:33.2	I've written a book called Real Estate by the Numbers and through all of these efforts,
1:36.8	all this stuff that I do and spend most of my life doing, a lot of what I do is study the housing
1:42.6	market. I talk to experts all the time. I look at data to try and understand what is exactly going
1:48.4	on in the broader economy, what is going on in the housing market. I try to make sense of it so
1:53.1	that all of us as real estate investors can use the appropriate tactics and to know how to invest
	...

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