On The Market

167: The State of Real Estate in 2024: What Will (and Won’t) Work Next Year

Dec 11, 2023

Expert tactics and strategies for investing in real estate in 2024, the importance of affordability in the housing market, underwriting conservatively in uncertain times, targeting the right market, cash flow and long-term financial security, and the significance of portfolio management in real estate investing.

41:17

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Quick takeaways

Investing in affordable properties that attract a larger pool of renters can lead to long-term stability and opportunities for growth.

Underwriting deals conservatively and factoring in holding costs can help mitigate risks and ensure profitability in today's volatile real estate market.

Deep dives

Affordability and the State of Real Estate Investing

The episode discusses the importance of affordability in the real estate market. The hosts, along with guests Kathy Fekke, Henry Washington, and James Dainard, share their insights for 2024. Kathy emphasizes the need to focus on affordable properties that attract a larger pool of renters. She also mentions Berkshire Hathaway's investment in builder stocks as a sign of confidence in the housing market. Henry discusses the benefits of underwriting conservatively and cautions against taking big risks in flipping properties. James highlights the advantages of being a lender and the ease of working with hard money. The episode also mentions alternative strategies such as new construction and investing in midterm rentals.

Introduction

2min

Predictions and Strategies for Real Estate in 2024

2min

Affordability: The Driving Force in the 2024 Housing Market

3min

Conservative Underwriting in Uncertain Real Estate Market

7min

Focusing on Affordability in Real Estate

7min

Importance of Cash Flow and Investment for Long-Term Financial Security

17min

The Importance of Portfolio Management and Strategies for the Next Year in Real Estate Investing

3min

If you want to invest in real estate in 2024, you need to prepare. This year could be a grand slam for those who know how to take advantage, but for everyone else sitting on the sidelines, don’t expect your wealth to grow. Expert investors, like the On the Market panel, are getting more aggressive than ever before as so many real estate investors give up on buying deals due to high mortgage rates, tight inventory, and a shaky economy. So, how do you get ahead of the masses?

In today’s show, we’ll share expert tactics ANYONE can use to invest in real estate in 2024. Some of these tactics come from our panel, but many can be found in Dave’s newest 2024 State of Real Estate Investing Report. This report includes even more data, tactics, strategies, and research you won’t hear on today’s show. And it’s completely free (head to BiggerPockets.com/Report24 or click here to download it!)

We’ve got tactics for flippers, traditional landlords, passive investors, and those still searching for cash flow in this high-rate world. Wherever you’re at in the investing cycle, whether you’re a beginner or a real estate veteran, these tactics could help you build wealth no matter what happens to the economy.

In This Episode We Cover:

Expert tactics from the 2024 State of Real Estate Investing Report

Affordability trends and the properties that’ll attract the most renters

Buying new vs. existing homes and which has better profit potential

Value-add risks and why those willing to take them could make serious profits

The passive investing strategy top investors are using to make mailbox money

How to make your current portfolio even more profitable WITHOUT buying more properties

And So Much More!

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