On The Market

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Property Manager Finder:

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Real Estate Rookie Podcast 360 - Trespassers Took Over My Property! (How to Get Rid of Squatters ASAP)

BiggerPockets Real Estate 390 - 7 Figures From ONE Deal With Leka Devatha

Connect with Denise:

https://www.thefgfirm.law/attorneys/denise-medina/

Connect with Patrick:

www.medalistlegal.com

Jump to topic:

00:00) Intro

(02:17) "Squatting" Explained

(06:00) A Rise in Squatters?

(10:22) Squatters' Rights

(19:01) What Landlords Can Do

(26:19) Tips for Landlords

(28:15) How Squatting is Changing

(33:03) Cash for Keys

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-216

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215: How “Switching Costs” Hold the Housing Market in Limbo w/Lance Lambert May 09, 2024

Show notes

The housing market has seen unprecedented home price growth in the 2020s. Already, we’ve almost beat the past three decades, and we aren’t even halfway through our own. And now, with home price growth slowing, many people wonder how we’re still in a position of high housing costs and low inventory. The answer is simple: “Switching costs” are holding the housing market in limbo, and the more you know about them, the more our current situation makes sense.

Put simply, “switching costs” are not only the financial but also the psychological costs of selling your current home and buying a new one. With mortgage rates close to double what most Americans have locked in, there’s a substantial financial consideration when purchasing a new home. Lance Lambert, co-founder of ResiClub and housing data authority, is on the show today to talk about home prices, housing inventory, and how “switching costs” influence both.

Lance details how our massive home price acceleration put many Americans in an affordability bind, making “switching costs” higher than in recent history. So, how do we cross the threshold to enter a time when “switching costs” are low, prices are stable, and housing inventory returns? Lance walks through exactly how to tell the direction your local housing market is going in and the data investors must look at to get a better sense of how home prices and housing inventory are trending.

In This Episode We Cover

“Switching costs” explained and why they’re keeping the US housing market in limbo

The “lock-in effect” that’s suppressing our housing inventory and keeping owners from selling

Inflation’s sizable role in the massive home price appreciation we’ve been seeing

The slow recovery in active listings and how far behind pre-pandemic levels we are

The one data point you must follow if you want to gauge how healthy your local housing market is

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

On the Market 108 - How the Pandemic Polarized America’s Property Market w/Lance Lambert

On the Market 189 - The Fed’s Plan “Backfired,” Now They’re Scrambling w/Logan Mohtashami

National home price growth this decade has already surpassed that of the entire 1990s and 2010s

Read More from Lance:

https://www.resiclubanalytics.com/

Jump to topic:

(00:00) Intro

(01:27) Housing Inventory Update

(05:00) “Switching Costs” Shoot Up

(10:52) Are Owners “Locked-In”?

(16:04) Can Home Price Growth Last?

(21:36) How to Predict Your Market

(26:10) Connect with Lance!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-215

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214: What to Know About “Capital Calls” As Multifamily Syndications Get “Squeezed” w/Brian Burke and Mauricio Rauld May 06, 2024

Show notes

Multifamily syndications are getting squeezed. With short-term financing coming due and mortgage rates at multi-decade highs, syndicators are calling on their original investors to raise more money so they don’t lose the deal. The problem? If you’re an investor, how do you know if your additional investment will ever be returned? Could a syndication simply burn through your money without making any promising changes to the investment? What should you know BEFORE you put up the cash for a capital call? We brought two syndication experts, Brian Burke and Mauricio Rauld, on to share their tips for navigating capital calls.

Before we start, let’s clarify this isn’t exclusively a syndication or multifamily problem. Much of the commercial real estate market is facing financing problems as loans come due and mortgage rates stay high. However, this problem has become a lot more common for syndication investors since rates started rising. In this episode, we’ll break down what a capital call is, why syndications do them, whether or not you’re obligated to invest more, and what investors MUST look for before putting up cash.

If a capital call comes your way, we have the exact questions you should ask the syndicator to ensure your money is being used correctly. Plus, if you’re a syndicator or plan on being one in the future, we share the steps to pull off a capital call the right way and make your investors whole. Making the wrong move could cost not only your investor’s money but also your money and lead to serious legal consequences. Don’t get stuck in that spot; stick around!

In This Episode We Cover:

Capital calls explained, why they happen, and why they’re becoming common in multifamily

Syndications 101 and the reason they’ve become popular among passive investors

Commercial lending problems and the bridge loans that are squeezing multifamily investors

What investors MUST look for when a capital call comes their way and the questions to ask

The right way to execute a capital call and the steps every syndicator should follow

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

On the Market 71 - The Multifamily “Bomb” is About to Blow, Here’s What You Need to Know

Recent Episodes with Brian:

On the Market 147 - Top Multifamily Investors’ Advice for Buyers in 2023? DON’T Do It!

Real Estate Podcast 900 - The Truth About Real Estate Investing in 2024 (What Investors NEED to Know)

BiggerPockets Money 219 - Syndications: Everything You Need to Know BEFORE You Invest

Connect with Brian:

Brian's BiggerPockets Profile

Connect with Mauricio:

Mauricio's BiggerPockets Profile

Book Mentioned in the Show:

The Hands-Off Investor by Brian Burke

Jump to topic:

(00:00) Intro

(03:24) What’s a Syndication?

(08:05) Multifamily is Getting “Squeezed”

(12:57) Why “Capital Calls” Happen?

(16:20) What Investors MUST Look For

(22:25) Sponsor Loans and Raising More Money

(28:26) Ask THESE Questions

(37:56) The Right Way to Capital Call

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-214

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213: Home Prices Stagnate in The South and America’s New #1 Housing Market May 02, 2024

Show notes

Texas and Florida are seeing stagnating home prices as housing inventory booms while demand slips away. Housing is still expensive, but with more inventory, why is it staying that way? While the southern states catch their breath from the unprecedented demand of 2020 - 2022, a new housing market is taking control as one of the hottest areas in America. Is it all hype, or could this housing market really be a winner? We’re touching on this week’s news in today’s headlines episode!

But first…shrimp. How much shrimp is too much shrimp? Apparently, miscalculated shrimp is a very costly mistake, as a beloved American chain restaurant could be declaring bankruptcy due to a costly “all you can eat” deal gone wrong. But before we get into crispy bottom feeders, we’ll talk about the home price woes Florida and Texas are facing as their inventory booms, but home prices stay stagnant. Speaking of stagnation, we discuss “stagflation” and whether or not this economy-killer could hit the US.

With Americans getting fed up with the South’s high prices, a new Midwest market has been named America’s new #1 housing market, but would WE invest in it? From market saturation to stagflation, shrimp miscalculations, and top housing markets, we’re wrapping up this week’s economic news so you can invest better than the rest, so stick around!

In This Episode We Cover:

Southern inventory booms and why home prices are stagnating in once “hot” markets

The nation’s new #1 housing market in a surprisingly small city you probably haven’t heard of

Growing love for affordable housing markets and why so many Americans and businesses are moving

Stock market sliding and the real fear that “stagnation” could hit the US economy

The one chain restaurant that may be going bankrupt because of a jumbo-shrimp-sized miscalculation

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Henry's BiggerPockets Profile

Henry's Instagram

Texas and Florida Home Prices

Headlines from Today’s Show:

New #1 Housing Market

Stagflation

Shrimp

Jump to topic:

(00:00) Intro

(00:55) Texas and Florida’s Inventory Booms

(07:31) #1 Housing Market in America

(15:06) Next Stop, Stagflation?

(23:46) Going Bankrupt On Shrimp

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-213

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212: Receivership Real Estate: The Hidden Inventory Only Experts Know About w/Jake Flothe Apr 29, 2024

Show notes

When housing inventory is low, where do you go? Foreclosure rates are down, short sales are a hassle, and the open housing market has barely any sellers—is there a better way to find deals? Yes! Enter real estate receivership—the hidden housing inventory that our own James Dainard has been using for years to get better deals than what’s on the market. How do they work, and what’s behind these discounted deals?

Attorney Jake Flothe works with receiverships daily and has seen the inside and out of these transactions that most real estate investors know nothing about. In short, receivership is when a court-appointed receiver takes control of a property in order to sell it to pay back creditors on the borrower’s behalf. This alternative to foreclosure and bankruptcy helps many real estate investors and everyday Americans escape a financial bind and can bring better properties to your investment portfolio.

Jake gets into the nitty gritty of why someone would go into receivership, how to finance these discounted deals, the vast benefits of receivership over foreclosure or short sales, what the bidding and buying process looks like, and the one clause that could kick you out of an amazing receivership deal.

In This Episode We Cover:

The hidden inventory of “receiverships” that most investors have no idea about

Why receivership real estate may be an even better deal than foreclosures

The bidding process and how to start putting in offers on these discounted deals

A BIG reason why foreclosures are down and receiverships are “ramping up”

One clause that could completely ruin your receivership deals

Why YOU may need to consider receivership if your deal goes sideways

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

What is a Foreclosure? The Complete Guide

HousingWire CEO: This Inventory Shortage Could Last Decades

Connect with Jake:

Jake's LinkedIn

Jake's Website

Jump to topic:

(00:00) Intro

(01:50) What is Receivership?

(06:05) Can You Finance It?

(07:40) Better Than Short Sales?

(11:54) Bidding and Buying

(16:36) Receivership is “Ramping Up”

(21:20) The “Bump” Clause

(23:33) Fewer Foreclosures?

(24:36) How to Buy Receivership Properties

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-212

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211: The New Reform That Could Unlock $1B+ for Affordable Housing w/Sharon Cornelissen Apr 25, 2024

Show notes

America is in need of affordable housing; we’re all aware. Buying your first home has become increasingly challenging for everyday people. This is where housing subsidies come in. Federal housing subsidies were created over ninety years ago to help Americans get into the housing market and strengthen the economy, but in 2024, much of that money may not be headed to homebuyers—it could be going to banks instead.

On today’s show, we talk to Sharon Cornelissen, Ph.D., Director of Housing at theConsumer Federation of America. Sharon’s mission is to advocate for safe, affordable housing with equitable mortgage lending for American consumers. In this episode, Sharon illuminates the shocking fact that most Americans are completely unaware of—billions in housing subsidies AREN’T being used for housing. So, if they’re not going to homebuyers, where are all the subsidies headed?

Sharon discusses the banks that could be receiving a significant amount of these subsidies without providing any benefits for homebuyers, how the Coalition for Federal Home Loan Bank Reform is trying to change this, and how, if they succeed, affordable housing could see a MASSIVE influx in subsidies, that could help the housing market tremendously.

In This Episode We Cover:

Where the $7.3 billion in housing subsidies is actually going

The Federal Home Loan Bank system and why it’s in dire need of reform

How the mortgage market changed over the past century and why we’re seeing these problems

How over $1 billion could be directed straight towards affordable housing

How Sharon picked up a $7,000 house in one of the most devastated real estate markets

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Consumer Federation of America

Federal Home Loan Banks

Connect with Sharon:

Coalition for FHLB Reform

Sharon's LinkedIn

Sharon's X/Twitter

Jump to topic:

(00:00) Intro

(01:17) Buying a $7,000 House!

(04:41) $7.3B in Housing Subsidies!

(11:45) Is It Working?

(14:44) The Big Problem

(18:59) A Solution for Affordable Housing

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-211

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210: Why More Investors Are Building Wealth with "Walkable" Properties w/Jeff Speck Apr 22, 2024

Show notes

Over the past few years, you’ve probably heard the term “walkability” thrown out. For those who have lived in big cities, this is a common factor to use when deciding where to live or work. If you can catch a quick bus or walk to the office, the grocery store, restaurants, or a movie theater, there’s a fair chance you’ll pay more for where you live. But, most real estate investors aren’t thinking about this, and their ignorance could cost them.

Jeff Speck, city planner and writer, is on the show to discuss how walkability, smart urban planning, and intentional property design can help you make much more money while improving the lives of your tenants and neighbors. Jeff has seen time and time again how smart urban planning leads to higher home appreciation and rents and a safer, happier community. The problem? Most of us are stuck in car-reliant American suburbs with little walkability and lacking public transportation.

After hearing this episode, you’ll easily be able to spot the properties that will grow faster in value due to smart city planning. So, before you go out and buy your next property, make sure it aligns with Jeff’s four components of walkability because if it does, you could have a valuable property on your hands that most other investors won’t even notice!

In This Episode We Cover:

Walkability explained and why this is such a crucial factor in home and rent prices

The four components of walkability and how to ensure your property fits

The huge portion of Americans who want walkable properties and communities

Mixed-use development and why Americans want more than big yards and big houses

Urban design trends to pay attention to that could change the real estate landscape

How to get your city leaders to take the steps to building more walkable communities

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Connect with Jeff

Books Mentioned in the Show:

Walkable Cityby Jeff Speck

Walkable City Rulesby Jeff Speck

Suburban Nation by Andrés Duany

The Death and Life of Great American Cities by Jane Jacobs

Homelessness is a Housing Problem by Clayton Page Aldern and Gregg Colburn

The High Cost of Free Parking by Donald Shoup

(00:00) Intro

(01:07) Why We Need “Walkability”

(07:32) Americans WANT Walkable Spaces

(09:49) Bringing Back Walkable Cities

(15:19) Profit Potential to Look For

(19:33) Will This Increase Affordability?

(25:13) Urban Design Trends to Watch

(33:01) What Investors Should Do

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-210

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209: The On the Market Awards: These Markets and Strategies Will WIN in 2024! Apr 18, 2024

Show notes

Welcome to the first-ever On the Market Housing Market Awards! This year, we’re giving out awards for the best housing market in the country, best beginner real estate investing strategy, best experienced investor strategy, and most negative impact on real estate.

But we’re not just giving out the awards; we’re also getting one, as On the Market has recently been named a 2024 Webby Honoree for business podcasting! With over 13,000 podcast applicants, we made it to the top ten!

We’re honored to have been honored, but it’s even more of an honor to share our On the Market housing market picks with you in today’s episode! First, we’re pitting the country against itself to see which region has been giving the biggest win to investors. Then, we’re going over the beginner investor strategy that anyone can use to start building wealth in 2024 (it’s almost a cheat code!). For experienced investors, we share the best strategy that you can use to sit back and collect passive cash flow. Finally, we give our award for the most negative impact on the housing market; who will win: high interest rates, low inventory, inflation, or the “YouTube crash bros”?

Thank you again to the Webby judges for choosing On the Market as one of the best business podcasts in the world! And thank you, our listeners, for tuning in and loving On the Market—we wouldn’t be here without you!

In This Episode We Cover:

The newest podcasting award for the entire On the Market team

The best housing market in the country to invest in (and whether or not it’ll last)

One investing strategy that ANY real estate beginner can use to start building wealth

How to make truly passive income with this experienced real estate investing strategy

Why you CAN’T trust the "YouTube crash bros" who keep telling you housing is about to tank

Whether or not Dave is wearing sweatpants under his suit while recording this episode

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Henry's BiggerPockets Profile

Henry's Instagram

2024 Webby Business Podcast Honorees

Book Mentioned in the Show:

Lend to Live by Alexandria Breshears and Beth Pinkley Johnson

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-209

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208: New Policies Take Aim At Boosting Affordable Housing, Investors Could Benefit w/Dennis Shea Apr 15, 2024

Show notes

America is in an affordable housing crisis. With home prices rising dramatically over the past four years and rents following right along, tens of millions of Americans are spending a significant chunk of their income just to put a roof over their heads. This means less money in Americans’ pockets for education, nutritious foods, investments, or an emergency fund. But, new government policies could help lessen the budgeting blow Americans are feeling from unaffordable housing costs, and investors may be able to help while turning a profit.

Dennis Shea, Executive Director of the J. Ronald Terwilliger Center for Housing Policy at the Bipartisan Policy Center, has been fighting for affordable housing long before the recent ramp-up in housing costs. Today, we ask Dennis what caused our unaffordable housing market, why it got even worse after the pandemic, the impacts high home prices have on the economy, and the potential solutions every investor should know about.

We even ask the uncomfortable question: Are investors to blame for the state of housing prices? But worry not—Dennis shares numerous ways investors can actually help low-income households and their communities while turning a profit with affordable housing development. If you’re looking to invest while building an even better housing market, this is the episode for you!

In This Episode We Cover:

Why America is experiencing such a shortage of affordable housing units in 2024

The “root of the housing crisis” that MUST be solved for our housing market to stabilize

Why housing became even more unaffordable after the pandemic

One potential solution that could be a massive win-win for real estate investors and tenants

The affordable housing tax credit that could see a fifty-percent boost is passed

What investors can do to help build affordable housing WHILE turning a profit

And So Much More!

Links from the Show

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums