947: 2024 Deals We’re Doing with High Cash Flow and Rock-Bottom Rates (4.75%!)
Podcast: BiggerPockets Real Estate PodcastPublished On: Fri May 03 2024
Description: Want a low mortgage rate? We mean a really low rate—like 4.75% in 2024 low. What about half a million in profit on a sneaky development deal? Or, maybe you’d settle for a quick house flip that pockets you $55,000 on a bad day. These aren’t made-up numbers; these are REAL deals that our expert investing panel is doing in today’s hot, hot housing market. And if you know where to find deals and steals like these, you, too, could be taking home huge profits like they are! Thankfully, they’re sharing all their secrets on today’s episode! David and Rob are taking some time off to play pickleball, while Dave Meyer and the entire On the Market podcast panel join us today! In this show, we’re talking about the real estate deals getting done in 2024. Each expert brings in a deal they’ve recently done and showcases how they found it, what they bought it for, how much cash flow or profit they’re going to make, and advice to help YOU repeat these home-run real estate deals. First, Dave will share about a cash-flowing on-market rental property he bought (while abroad!) thanks to his inventor-friendly agent. Kathy Fettke gives tips on getting a low mortgage rate on your next new construction rental and how doing so could massively boost your cash flow. Henry Washington walks through a quick flip that will make him $55,000 on the low end and the ingenious way he found this deal. And finally, James Dainard talks about the almost unbelievably good development deal he’s doing in Seattle that will profit $500,000 (yes, that’s half a million!). In This Episode We Cover: How to score a mortgage rate in the four-percent range by buying new construction rentals The three big housing market challenges of 2024 and how investors can overcome them How to find cash-flowing, on-market rental properties by investing out-of-state One of the smartest ways to find off-market real estate deals for flipping or holding The one contract clause that is helping James make $500K+ on his new development deal And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Real Estate Investing Question Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile Kathy's BiggerPockets Profile BiggerPockets' Instagram On the “On the Market” Podcast Investing in Real Estate Out of State: What You Need To Know 4 Vital Points to Consider BEFORE Getting Into New Construction Flipping Houses: How to Get Started and Everything You Should Know What Exactly Is an Accessory Dwelling Unit (DADU/ADU) (00:00) Intro (01:19) Investing Challenges of 2024 (08:17) 1. Cash-Flowing On-Market Rental (14:41) 2. New Construction with a 4.75% Rate! (20:44) 3. $55K House Flip Profit! (26:11) 4. Making $500K with DADUs! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-947 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
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