BiggerPockets Real Estate Podcast
Business:Investing
Will 2024 bring about a soft landing or a hard recession? Tough economic times could be upon us as more and more economists disagree with the “soft landing” narrative of early and mid-2023. Even though the economy hasn’t broken down yet, top-tier investors like Fundrise’s Ben Miller believe that a recessionary “lag” is taking place that could give us some severe financial whiplash—and only the best of the best will survive what is to come.
So, what does it take to survive a recession, and how do you know whether or not you’ve put yourself at risk of losing everything? Ben, David, and Rob all give their takes on what could happen in 2024, how they’re protecting their wealth, and why they’re taking fewer risks to ensure they make it out alive. This may be a HUGE wake-up call if you’re still actively buying real estate deals and leveraging your portfolio as much as possible.
Ben will also talk about his lessons from the last two crashes, how the companies he worked with got crushed, and how he changed his investing perspective to build wealth far faster than almost anyone around him. Wealth is built during the downtimes, but if you don’t follow the advice of those who have been through past crashes, you could lose everything you’ve built!
In This Episode We Cover:
When the 2024 recession could hit and why it may be worse than most Americans believe
The recession “lag” that is catching up to us and why it might hit you by surprise
A soft landing vs. hard recession and how bad the economy could get
Impacts on real estate and whether or not you should be buying or holding right now
Playing financial “defense” and how to ensure you don’t get wiped out during downtimes
High mortgage rates and how they could lead to unemployment, a housing market standstill, and a tough economy
And So Much More!
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Rob's BiggerPockets Profile
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Fundrise’s Ben Miller on The 2023 Financial Crash
A “Soft Landing” Looks Shaky as Recession Risk Starts to Rise
Why 2023’s “Rolling Recession” is Almost Impossible to Predict
Connect with Ben:
Fundrise
Ben's X/Twitter
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-841
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977: Seeing Greene: Exiting Bad Deals, Going Over Budget, & the BEST First Rental
976: How to Start Mobile Home Investing (The Right Way) for Just $15,000
975: BiggerNews: Rent Price Updates and Why Landlords Are Optimistic About 2024 w/Zumper’s Anthemos Georgiades
974: Maximalism: The New Renter-Friendly Trend Landlords Can’t Overlook w/Tay “BeepBoop” Nakamoto
973: Seeing Greene: Retiring Early, ARMs vs. Fixed-Rate Mortgages, & When to Sell
972: 3 Beginner Steps to Find Undervalued Real Estate in ANY Market
971: BiggerNews: Mid-Year Housing Market Update + Mortgage Rate Forecast w/Redfin Chief Economist Daryl Fairweather
970: 5 Mistakes to Avoid When You Start Investing in Real Estate
969: Seeing Greene: I Can’t Find Tenants! Should I Sell or Lower My Rent?
968: Making $10,000/Month PER Rental with These Guaranteed Cash Flow “Contracts” w/Noble Crawford
967: BiggerNews: Apartment Investing Took a Huge Hit, Is a Comeback On the Way? w/Brian Burke
966: Top Investors Reveal Their Worst Real Estate Deals (DON'T Repeat Them!)
965: Seeing Greene: Insurance and Taxes Killed My Cash Flow, Should I Sell?
964: Retiring His Parents by Buying Unwanted, Overlooked Real Estate Deals w/Logan Koch
963: BiggerNews: 6 Rules for Real Estate Investing in 2024 w/J Scott
How to Use the BRRRR Method to “Invest on Repeat”
962: How to Buy a Home (or Entire Neighborhood) With Your Friends and Family w/Phil Levin
961: Seeing Greene: How to Avoid High Down Payments and When to BRRRR vs. Buy New
960: No Cash Flow in Your Market? How to Invest Out-of-State Like a Pro w/Jessica and Shyd Coloma and Michael Gallagher
959: BiggerNews: 2024 Housing Market Update and Why Prices Are Still Rising
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