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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951: BiggerNews: Why Low Mortgage Rates Can't Solve Our Affordability Crisis w/Andy Walden
950: The Easiest Way to Invest in Real Estate in 2024 w/Terrence Terrell
949: Seeing Greene: Is Losing $800/Month in Cash Flow Worth $200K+ Equity?
948: 10 Rentals in 5 Years by Buying in Overlooked Short-Term Rental Markets w/Jarrod Tucker and Yiwei Cheng
947: 2024 Deals We’re Doing with High Cash Flow and Rock-Bottom Rates (4.75%!)
946: How to Supplement Your Income with Real Estate (So You Can Do What You Love) w/Juliet Lalouel
945: Seeing Greene: Stolen Properties and Why Your Rate Doesn't (Really) Matter
944: 3 Ways We Find Real Estate Deals Even During the Harshest Housing Markets
943: BiggerNews: Can’t Qualify for Another Mortgage? Try THESE Investor Loans w/Jeff Welgan
942: Building Wealth with OLD Homes and How to Keep Tenants for Longer w/Lisa Field Moore
941: Seeing Greene: Are Home Warranties Worth It & When to Pay Off Debt vs. Invest?
940: Crucial Questions to Ask an Agent and How to Negotiate Commissions w/James Dainard
939: BiggerNews: 100% Financing for First-Time Home Buyers is HERE w/Jeff Welgan
938: Scaling from 0 to 20+ Doors Using These "Self-Management" Tools & Tips w/Amelia McGee and Grace Gudenkauf
937: Seeing Greene: Paying Off Rentals, Estimating Crime, & Replacing Your Salary
936: 4 Ways to Start Investing in Real Estate with NO or LOW Money
935: BiggerNews: Investing with High Rates, Stubborn Inflation, & Low Supply w/Kathy Fettke
934: How to Pay Less Taxes by Buying Real Estate (1 Write-Off You’re Overlooking) w/Brandon Hall
933: Designing for Dollars: 7 Design Tips That Could Double Your Airbnb Revenue w/Erica Dike
932: Seeing Greene: When NOT to Build an ADU and How to Invest $300K
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