510 | Real Estate 2024 Update | Scott Trench

In this episode: the lock in effect, renting vs buying, househacking in 2024, interest rate, and real estate investment. In this episode, Scott Trench of BiggerPockets shares invaluable insights into the 2024 real estate market, breaking down everything from housing supply to interest rates, syndications, and investment strategies. Whether you’re a seasoned investor or just curious about real estate, this episode provides a window into the current state of real estate investing the FI way! 🔑 Key Themes Discussed: The impact of rising interest rates on real estate markets in 2024 The “lock-in effect” and how low-interest mortgages affect housing supply Rent vs. buy decisions in today’s market The rise of multifamily and single-family housing supply, especially in regions like Austin House hacking in 2024: Is it still viable? The state of commercial real estate and multifamily investments How interest rate trends impact real estate investors Opportunities for investors in a downturn: Finding deals amidst crisis Syndications: Potential pitfalls, bad actors, and lessons learned for 2024 Real estate investment strategies: What to do with your mortgage and how to balance risk 🕒 Chapters: 00:00 – Introduction: Welcoming Scott Trench 01:00 – Rising Interest Rates and Market Effects 03:00 – Housing Supply and the Lock-in Effect Explained 04:30 – Rent vs. Buy: How the Calculus Has Changed 09:00 – The Build-to-Rent Industry and Single-Family Rentals 12:00 – House Hacking in 2024: Is It Still Worth It? 16:00 – Multifamily Housing Supply and Regional Trends 17:00 – Commercial Real Estate: What’s Happening Now? 20:00 – How Interest Rates Are Crushing Commercial Investors 24:00 – Opportunities Amidst a Crisis: Where to Find Deals 27:00 – The Real State of Syndications: Risks and Rewards 33:00 – Evaluating Syndicators: How to Find Good Deals in 2024 36:00 – Real Estate Investment Strategies: Notes, Funds, and Lending 43:00 – Pay Off Your Mortgage or Invest? 50:00 – Long-Term Real Estate Bets and Holding Strategies 56:00 – Wrap-Up: Key Takeaways and Final Thoughts 🔗 Mentioned Links and Resources: BiggerPockets The BiggerPockets Money Podcast Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit Cards Empower: Free Dashboard to Track Your Finances CIT Bank Platinum Savings Account M1 Finance: Commission-Free Investing, 1-click rebalancing CashFreely: Maximize Your Cash Back Rewards Travel Freely: Track all your rewards cards and points Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off) Student Loan Planner: Custom Consult (with $100 Discount) Get a cheaper phone plan with Mint Mobile