On The Market

136: Expensive AND Affordable Markets Are Feeling the House Hackers’ Wrath w/Anson Young and Ryan Blackstone

Sep 1, 2023

A real estate podcast discusses strategies for buyers in expensive and affordable markets. The guests, Anson Young and Ryan Blackstone, talk about the current state of the real estate market, concessions, challenges, and investing strategies. They emphasize the importance of cash flow and share opportunities in different markets.

38:13

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Episode guests

Ryan Blackstone

Anson Young

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Quick takeaways

House hacking can be an effective strategy to offset high housing costs in expensive markets like Denver.

Finding off-market deals and attending live webinars can help investors navigate today's competitive real estate market and increase their profit potential.

Deep dives

Strategies for Investing in a High-Cost Market

In a high-cost market like Denver, it is important to consider strategies that maximize cash flow. House hacking, where you purchase a property and rent out the extra space, can be an effective way to offset high housing costs. Another option is investing in mid-term rentals or short-term rentals in areas with less regulation. These strategies can help investors generate higher income and make their investments more profitable.

Introduction

3min

Casual Conversation and Introduction of Real Estate Agents

3min

The Current State of the Real Estate Market in Denver

9min

Concessions and Challenges in the Housing Market

6min

Investing Strategies in High-Cost of Living Markets

14min

Competition, Systems, and Opportunities in Different Markets

2min

Wrapping up the Episode and an Ad for BiggerPockets

3min

Buying a house in the 2023 real estate market is already exhausting. Sellers have regained control, and homebuyers are back bidding over every reasonably priced house within a decent school zone. But, buyers have gotten smarter, paying attention to one strategy that allows them to break even or sometimes cash flow, even with today’s sky-high mortgage rates. And our two expert agents from entirely different markets agree: this is the way to go.

To finally tone down Henry Washington’s non-stop Northwest Arkansas propaganda, we’ve brought Ryan Blackstone, local Arkansas agent and broker, on to the show to break down exactly what moves are being made in his “affordable” market. But we’ve also got BiggerPockets royalty, Anson Young, to give his take on where the significantly more expensive Denver market is headed.

Both agents review what buyers are looking for, what’s selling, whether the buyer or seller has control, and the strategies smart investors use to cash flow even in an impossible housing market.

In This Episode We Cover:

Why we may be back to a seller's market and which properties are getting bid up

The one strategy you can use in 2023 to create cash flow (it’s much easier than you think)

Seller concessions and why new developments are making BIG price cuts

Doubling your cash flow almost overnight by changing one part of your lease

The one thing that could trigger a wave of buyers to come back to the market

And So Much More!

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