The housing market has dealt a tough hand to real estate investors as of late. Prices are staying the same, but mortgage rates are rising, rents have peaked, and so-called “easy” investments have been increasingly difficult to manage. The “lazy” investors who bought simple short-term rentals are now sitting with empty units, and BRRRRers that never adjusted their strategy are stuck with standard houses producing bleak returns. What’s the right move to make when investing is harder than ever before?
We wanted to know what’s REALLY happening in the housing market. So we brought on short-term rental expert Avery Carl, father of the BRRRR method David Greene, and luxury flipper James Dainard, to get their opinions on what’s working, what isn’t, and what investors should do now. Surprisingly, all these experts agree that ONE type of investing is the best way to go, and it’s such an obvious choice that you may miss it.
But, before this real estate investing strategy smackdown begins, we’ll get to know the current states of short-term rentals, flipping, and BRRRRing, plus which strategies are making money and which are falling flat. This is a new housing market; if you want to make it, you can’t play by the same rules.
Dave:
Hey, what’s up, everyone? Welcome to On the Market. I’m your host, Dave Meyer, and today we are going to be doing a repeat of one our most popular shows of all time, a strategy showdown. We’re going to bring in an expert for some of the most popular real estate investing strategies and we’ll have them debate which strategy is the best for investing in 2023. For the fix-and-flip strategy, we have a On the Market regular, James Dayner joining us. James, how are you?
James:
I’m good, man. I’m chasing the sun. It was cloudy in Newport all weekend. I get to Seattle, and it’s raining.
Dave:
Well, isn’t that how those two places work?
James:
It’s not supposed to be cloudy in SoCal. It’s supposed to be palm trees and…