Revealing ACTUAL Profits from Our 2024 Best Real Estate Deals

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 19 December 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you didn’t buy real estate in 2024, you missed out. While all the YouTube crash bros and mainstream media were hyping up how overpriced the real estate market is, we were out buying deals—and we bet many of you were, too! So, as we wind down 2024, we’re looking back on the best real estate deals we did this year and how 2024 turned out to be a much more profitable investing year than any of us would have expected. For some of us, 2024 was our best year yet for real estate investing! One of us made half a million dollars (yes, $500,000+) on a single real estate transaction. We picked up on-market deals for fifty percent off (while the competition completely overlooked them) and sold house flips for higher-than-asking-price as buyers returned to the market. We’re sharing our actual profit numbers, exactly how much we bought (and sold) some of these properties for, and the tactics we used to beat the masses. If you didn’t invest in 2024, don’t miss out again in 2025—there are still plenty of great opportunities waiting! In This Episode We Cover Why 2024 was a surprisingly good year for real estate investing (we’re proof!) The “goldmine” property that resulted in a $500,000+ profit The trick Henry used to get WAY more bidders on his house flip and sell for over-asking price Why Dave makes offers on houses during the holiday season to get HUGE discounts The tax “loophole” (if you want to call it that) that Kathy used to get a $100,000 write-off! And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile BiggerPockets Daily 1135 - 30 Ways Find Good Real Estate Deals In 2024 Learn to Flip Just Like James With His New Book, “The House Flipping Framework” Jump to topic: (00:00) Intro (02:10) $70K Profit Home Run Flip (11:52) Saving $100K in Taxes! (17:36) Grandma’s GOLDMINE (Unbelievable!) (25:03) 50% Discounted On-Market Deal Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-279 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	The general mood in the real estate investing industry this year seems to be that there's not
0:04.5	really a lot of good deals and things are slow and not as good as they used to be. But at least for
0:09.8	me, in my portfolio, I've had some surprisingly good deals in 2024. And I was curious if other
0:16.8	people were having this experience. So I called my friends, Kathy Fetke, Henry Washington,
0:21.4	and James Dainerd. And turns out they all had some surprisingly good deals as well. So today,
0:27.4	we're walking you through what's working and what we're going to continue doing in the coming
0:32.0	years. Hey, everyone, it's Dave. Welcome to On the Market.
0:41.0	Kathy, it sounds like you woke up to another surprise today, an unfortunate one.
0:45.6	I'm sorry to hear it, but it sounds like you had to evacuate your home.
0:49.2	Yeah, if you're watching this on YouTube, then I look like a robber.
0:53.1	It's one of those moments, you know,
0:56.2	where you hear sirens on your road and you have to get up and go, what should I take with me?
1:03.4	So I grabbed a few things in the dark because there's no electricity and there's no Wi-Fi.
1:08.6	And this is what I grabbed. Anyway, it's life in California,
1:12.9	right? Just another day. So you grab the hat in podcast equipment? Of course. I grabbed my
1:18.5	computer. My microphone is always in my backpack. That's in her emergency evacuation kit.
1:25.9	Wow. My bugout bag looks a little bit different than yours, Kathy.
1:30.9	Sorry, bigger pockets.
1:32.6	I don't keep a microphone in mind.
1:35.8	Not to make light of the situation, though.
1:37.5	I'm sorry to hear that, Kathy.
1:38.6	It's a really scary situation for you and your neighbors in Malibu.
	...

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