Episode #963 Try Rent App, the free and easy way to collect rent: https://rent.app/landlord Real estate investing in 2024 isn’t as easy as a few years ago. When interest rates are low, housing inventory is high, the economy is booming, and everyone’s happy, real estate investors can take considerably more risks with bigger payoffs. But now, only the most savvy investors are finding cash flow, appreciation potential, and wealth-building properties. So, with little hope in sight for lower rates or home prices, how do you ensure you’re building wealth, not getting burnt, in the challenging 2024 housing market? If there’s one person who knows how to invest during tough times, it’s J Scott. He literally wrote the book on recession-proof real estate investing and has flipped, landlorded, and syndicated through booms, busts, and the in-between periods. Today, J is laying down his six rules for real estate investing in 2024, which he’s following himself to ensure his portfolio doesn’t just survive but thrive, no matter what the housing market throws his way. First, we dive into the factors causing such a harsh housing market and whether J thinks home prices will rise, flatten, or crash. Next, J walks through the six rules for real estate investing in 2024. We’ll talk about appreciation potential, rising expenses like insurance and property taxes, the riskiest investing strategies of today, loans that’ll put your real estate deals at risk, and why you MUST start paying attention to your local housing laws. Start collecting rent for free with Rent App: https://rent.app/landlord ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Property Manager Finder: https://biggerpockets.com/findapm ~~~~ Grab J Scott’s Books on Real Estate Investing: https://store.biggerpockets.com/collections/books-by-j-scott?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ The Truth About Real Estate Investing in 2024 (What Investors NEED to Know): https://www.biggerpockets.com/blog/real-estate-900?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Top Lenders on Mortgage Rate Predictions: https://www.biggerpockets.com/blog/on-the-market-185?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Which Real Estate Investing Strategy is Best for Your Goals? https://www.biggerpockets.com/blog/which-real-estate-investing-strategy-is-best-for-your-goals?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with J on BiggerPockets: https://www.biggerpockets.com/users/jasonscott?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Watch Dave on the “On The Market” YouTube Channel: https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA ~~~~ Connect with Dave: BiggerPockets: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none Instagram: @thedatadeli or https://www.instagram.com/thedatadeli/ Show notes at: https://link.chtbl.com/BPRE 00:00 Intro 01:30 What Affects the Housing Market? 11:20 1. Don’t Bet on Appreciation 15:46 2. Expect Higher Expenses, Lower Rent 20:37 3. Know the Risks of Flips 26:46 4. Avoid Adjustable-Rate Loans 28:48 5. Buy What You Can Hold 33:15 6. Pay Attention to Local Laws