Where We’d Invest in Real Estate in 2024 if We Were Starting from Scratch

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 21 August 2024

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

New to real estate investing? In the beginning, you’re drowning in recommendations of where to invest in real estate, especially in 2024. Everyone is shouting different markets at you, “Cleveland! Tampa! Cincinnati!” the list goes on and on. But here’s where you’ll get stuck: most beginners think ANY market is good enough for them, except that isn’t true. There are some unique markets that most investors don’t know about, and they could fit what you need perfectly. Today, we’re sharing these markets (and how to find them) with you. We brought on expert investors Ashley Kehr and Henry Washington to give their picks for the best places to buy rental property in 2024. All of these markets offer something different; some have low price points with significant cash flow, while others have huge appreciation potential. We’re sharing our top three rental markets with you so you get in before the rest of the investors hear about them. We’ll also give you the criteria to pick your perfect real estate investing market and share where we first invested and where we wish we had invested. After this episode, head here to get all the data used in this show, then find your market, tag @BiggerPockets on Instagram, let us know why you chose it, and win some free swag! In This Episode We Cover: Where to invest in real estate if you’re starting from scratch with zero experience The best places to buy rental property in 2024 that most investors are overlooking Moving to invest in real estate and the city with a VERY high salary-to-home-price ratio Real estate market risks that we steer clear of whenever buying rentals Finding your market “advantage” and how to thrive in new a market using your skillset And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Find Deals in Any Market with Henry’s New Book, “Real Estate Deal Maker” Find an Investor-Friendly Agent in Your Area See Ashley, Dave, and Henry at BPCON2024 in Cancun! Top 10 Real Estate Markets for Cash Flow in 2024 Connect with Ashley Connect with Henry Connect with Dave BiggerPockets Market Finder Real Estate Rookie Podcast Post Your Market and Tag BiggerPockets on Instagram! (00:00) Intro (03:02) Ashley's First Market (06:19) Would You Move to Invest? (10:38) Henry's First Market (13:41) Where to Invest in Real Estate (14:38) Ashley's 2024 Market (21:16) Henry's 2024 Market (29:47) Dave's 2024 Market (34:06) Find Your Market "Advantage" (35:45) The Dish Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1007 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If you could go back in time to the beginning of your investing journey,
0:05.0	would you change something or would you do it all the same?
0:09.0	Unfortunately, we obviously can't do that, but I've been thinking about this question quite a lot recently.
0:14.6	Because for me, part of the reason I started investing is because I was already living in a city,
0:19.6	Denver, that was just booming, and I wanted to be a part of this growing city and I kind of got
0:26.0	drawn into real estate because it was so obvious that prices were going to appreciate
0:30.7	and real estate was going to do really well in that city.
0:33.6	But given the state of the housing market and the investing climate today, I've been thinking
0:37.7	a lot about whether or not I do the same thing over again.
0:41.9	Or would I start somewhere else? What variables would I be
0:45.3	thinking about when choosing physically where I was going to invest? So today
0:50.2	we're actually going to explore this question and a fun and a little bit of a different way.
0:55.8	And make sure to stick around because we're going to be issuing a challenge to this community
1:00.4	where you'll have a chance to win some free swag and a shout out to the rest of the BiggerPockets universe right here on this podcast.
1:10.0	Hey team, it's Dave and for today's deep dish episode we're cooking up
1:17.2	something cool for you. I've been working with one of my teammates here at
1:21.1	BiggerPockets his name is Austin on answering this question about what I would do if I were starting over. And we've been approaching it two different ways. First, with market research. So we pulled together a totally new unique resource for the
1:34.9	bigger pockets community use. There's a lot of housing market information, job
1:38.8	growth, economic information that can help you look at sort of in a holistic way what markets will help you
1:44.9	build your portfolio most effectively. But we of course can't just rely on data. We also need
1:50.2	perspective and for that we're bringing on Henry Washington and Ashley Care to
1:54.9	join us to talk about how they would interpret this question and the market
	...

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