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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839: From $10/Hour Janitor to Making $40K/Year in PASSIVE Income w/Darius Kellar
838: How to Not (Accidentally) Lose Your Portfolio to Lawsuits w/Brian T. Bradley, Esq.
837: Seeing Greene (w/Meet Kevin!): Cash Flow Won’t Ever Make You Rich
836: Financial Freedom in 5 Years and Making $300K on ONE Property w/Dr. Lindsey Duguet
835: BiggerNews: How Hosts Are Making More Money Even As Airbnb Demand Drops w/Jamie Lane
834: Seeing Greene: Inherited Houses, HELOC Risks, and Our Favorite 2-Star Review
833: From Surviving on $30/Day to 30+ Properties Thanks to Blue-Collar Skills w/Luke Carl
832: Deal Deep Dive: 2 Real Deals in 2023 That’ll Build Your Retirement Nest Egg
Are You Overpaying? How to Evaluate and Offer on Rental Properties
831: Seeing Greene: Depreciation 101 and When to Sell a Reliable Rental
830: From Burnt-Out Tech Worker to $95K in Passive Income in 2 Years w/David Lecko
829: How to Get "Unstuck" in Real Estate by Following These Simple Fundamentals
828: Seeing Greene: How Long to Hold On to a BAD Rental Property
827: From $16/Hour Factory Wages to SIX-FIGURE Real Estate Paychecks w/Keith Everett
826: 5 Steps to Get ANY Home Offer Accepted (WITHOUT Being the Highest Bidder) w/Christian Bachelder and Lindsey Iskierka
825: Seeing Greene: Early Retirement, Private Lending, & The $10,000 “Guru” Trap
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