We know mortgage rates will fall this year, but how long will we have to wait? Will they get down to the fives or stay in the six-percent range? And even if the Fed lowers the federal funds rate, will this significantly impact mortgage rates? We brought on three elite lenders to get their takes on when rates will drop, how low they could go, and why waiting for lower rates is a riskier decision than you think.
Caeli Ridge joins us again as our go-to investor-lender combo, and Krystle and Kenny Simpson, San Diego-based lenders, are on the show to give their viewpoints from the small investor and large commercial lens. Plus, these lenders are about to share the info on some investor loans that you may have NEVER known about—loans that other investors are taking advantage of TODAY to get deals done, even with high interest rates.
Speaking of high interest rates, our lenders show mathematical proof that rates are NOT the defining factor of your real estate deal and how waiting for a half-percentage drop could cost you more than you think. Plus, the commercial real estate “bloodbath” coming for one certain sector unless local governments step in. 
In This Episode We Cover:
The investor loans that you’ve NEVER heard of that are being used TODAY to get deals done
Mortgage rate predictions and how low rates could go by the end of 2024 
The commercial real estate drop-off and why buying/selling has come to a halt 
High-rate investor HELOCs you can get today that’ll cost you LESS than a thirty-year mortgage 
Huge opportunity in commercial real estate as one sector becomes a “bloodbath”
DSCR, non-QM, and other investor-only loans you can take advantage of NOW
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
Hear Our Last Interview with Caeli
Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025
Connect with Caeli:
Caeli's BiggerPockets Profile
Caeli's Instagram
Caeli's LinkedIn
Caeli's Website
Connect with Krystle and Kenny:
Kenny BiggerPockets Profile
Krystle's Instagram
Kenny's Instagram
Krystle's LinkedIn
Kenny's LinkedIn
Kenny's Twitter
Website

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185: Top Lenders on Mortgage Rate Predictions + Loans You’ve NEVER Heard Of

The modern real estate investor doesn’t have time to research every headline and trend. That’s why BiggerPockets' Dave Meyer and his expert panel do it for you. Learn how to invest smarter in today’s economic environment.

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The unemployment rate begins to rise as job growth slows in the latest jobs report, prompting many to wonder, “Will this finally lead to interest rate cuts?” With so many investors waiting and hoping for rates to fall, this metric may point to exactly what the Fed is looking for. But while waiting for rate cuts, investors could miss out on a huge opportunity to buy at discounted prices. If you’re sitting on the sidelines, you could be making a big mistake. What do we mean? We’re getting into it all in this headlines show!
We’ve got four economic news stories to discuss today, ranging from Redfin’s $9.25 million settlement as part of the agent commission lawsuits to new jobs report numbers and what Americans really think about the economy. First, we’ll touch on Redfin news as the discount brokerage settles in what seems to be the never-ending NAR lawsuit. Next, Americans think now is the worst time to buy a house. Do we disagree? Not really! But, we do believe it could get even worse very soon for those who don’t buy before it’s too late.
Next, we’ll review the latest jobs numbers, from rising unemployment to slowing growth, and whether this will prompt the Fed to finally cut rates. Lastly, we’ll hit on consumer sentiment and America’s growing economic pessimism. With so many Americans living in financial fear, why aren’t we seeing a drop-off in travel and consumer spending? If you’re listening to this episode on a plane to Europe with your designer bag and $500 headphones, we’re talking about you! Stick around as we break down the top economic headlines and their impacts on the housing market. 

In This Episode We Cover
The latest agent commission settlement and the huge payout from Redfin  
Is now the worst time to buy a house, and what happens if home prices keep rising?
The one type of real estate that may see a serious uptick in demand over the next few years
New jobs report numbers and whether this could finally prompt the Fed to lower rates 
Consumer sentiment and the extremely confusing economic pessimism we’re seeing now
Why you DON’T have to wait for rates to drop to get your next real estate deal
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Property Manager Finder
Grab Dave’s Rent vs. Buy vs. House Hack Calculator
Articles from This Episode:
Redfin
Worst Time to Buy
Jobs Report
Consumer Sentiment
Buy or Rent?


Jump to topic:
(00:00) Intro
(01:13) Redfin Settles in Commission Lawsuit 
(06:03) Worst Time to Buy a House?
(16:25) Job Growth Slows, Will Rates Drop?
(27:47) Economic Pessimism Peaks 

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-217
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217: Economic Pessimism Peaks, So Why Are Investors Still Buying?

Squatters' rights have been a serious subject of debate over the past few years. It seems that more and more investors and even one-off landlords are dealing with squatters staying in their homes, whether they’ve had a lease in the past or not. This puts landlords in a strange predicament: try to get squatters out the legal way or offer unconventional incentives to entice the squatters to leave on their own accord. But how can a landlord prevent squatters from getting inside in the first place?
Denise Medina and Patrick MacQueen, attorneys based in Detroit and Phoenix, are here to share exactly what a landlord must know about squatters’ rights and how to get a squatter out of your property legally. With new squatter laws taking effect in states like Florida, it seems that landlords and local governments have had enough. However, squatters’ rights remain strong in many other areas, such as James Dainard’s own Seattle, Washington. So what can landlords from either coast do to get squatters out?
We’ll break down where squatters’ rights even came from, how landlords can get the legal upper hand and get a squatter OUT of their property, the exact steps a landlord should take, the prevention methods to stop squatting in the first place, and how James deals with squatters frequently without ever having to go to court!

In This Episode We Cover
Squatters’ rights explained, and the ancient laws that they’re based on
Why state governments are getting tired of squatters and tightening up their laws
What qualifies someone as a “squatter,” and why it’s MUCH broader than you think
Evictions 101 and the steps every landlord should take to get a squatter out
“Cash for keys” and maneuvering around the courts to remove squatters
Trespassing vs. squatting and why the police CANNOT simply come and take a squatter away
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
James' BiggerPockets Profile
James' Instagram
Property Manager Finder:
biggerpockets.com/findapm
Learn to Be a Landlord with the BiggerPockets Bootcamps
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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216: Squatters’ Rights: What Lawyers Want Landlords to Know in 2024 w/Denise Medina and Patrick MacQueen

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
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
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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215: How “Switching Costs” Hold the Housing Market in Limbo w/Lance Lambert

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
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
BiggerPockets' Instagram
Recent Episodes with Brian:
On the Market 71 - The Multifamily “Bomb” is About to Blow, Here’s What You Need to Know
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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214: What to Know About “Capital Calls” As Multifamily Syndications Get “Squeezed” w/Brian Burke and Mauricio Rauld

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
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
Henry's BiggerPockets Profile
Henry's Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
James' BiggerPockets Profile
James' Instagram
BiggerPockets' Instagram
Headlines from Today’s Show:
Texas and Florida Home Prices
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
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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185: Top Lenders on Mortgage Rate Predictions + Loans You’ve NEVER Heard Of

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