On The Market 78: 3 Ways to Buy in 2023 and Making the Most of a Multifamily Crash
The multifamily crash is well underway! But is now the time to buy? If only you could see where top investors are parking their cash during this wild house market. Well, today, you can! We’re back with another Deal Breakdown, where Henry Washington, James Dainard, and Kathy Fettke break down the deals they’re doing in February of 2023. And while the news may be highlighting a “doom and gloom” type of real estate market, we know from first-hand experience that there is still money to be made in today’s housing market!
Kathy is back in her love-hate relationship with new builds as she makes a SERIOUS investment in the beautiful ski town of Park City, Utah. The view alone at this property was enough to sell her on the high price. Next, Henry shares his “base hit” off-market real estate deal with a slew of exit strategies that’ll make him money, no matter what. Lastly, James is going hard on the multifamily housing crash, tackling a multi-million dollar deal that could have an eight-figure sales price once he’s done with it! Want to hear how these top investors are finding, funding, and profiting from their real estate deals in 2023? Stick around!
And, if you haven’t been to the grocery store, gas pump, or lumber yard in a while, we play a post-inflation pricing game to see how high-priced everyday commodities have gotten. We won’t give away the answers, but we can definitely say that omitting omelets from your diet could save you some serious cash!
In This Episode We Cover
Inflation’s effect on everyday commodities and how high prices have gotten
Investing in new construction and the massive financial upside to buying the right property
Why you should search for “base hit” deals that give you MULTIPLE options to exit profitably
Wholetailing vs. wholesaling and when to use each of these off-market strategies
Price over profit and why buying a great deal should be your top concern when investing
Capitalizing on the multifamily crash and how cap rates are helping buyers scoop up apartments at a steep discount
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
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
The Multifamily “Bomb” is About to Blow, Here’s What You Need to Know
Learn More About Inflation with Trading Economics
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-78
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