Episode #1,029 Episode Show Notes: https://link.chtbl.com/BPRE Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Grab Matt’s Book, “Raising Private Capital”: https://store.biggerpockets.com/products/raising-private-capital-revised-edition?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch Corporate HQ Relocations Could Signal the Next Real Estate Boomtowns: https://www.biggerpockets.com/blog/corporate-hq-relocations-could-signal-next-real-estate-boomtowns?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Matt: https://www.biggerpockets.com/users/mfaircloth?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none Real estate “boomtowns” present a massive opportunity to investors in 2024. A few years ago, buyers were fighting tooth and nail to purchase properties in Austin, Boise, Phoenix, and other red-hot markets. Demand was growing in these cities, and prices were shooting up with no end in sight. But then…it stopped. Prices started declining, vacancy rose, and investors were stuck holding onto properties now worth less than what they paid. The interesting part? These market declines might be only temporary, and those who don’t buy now could be kicking themselves a few years down the road. To give us insight into which boomtowns are worth buying in and which are worth ignoring is Matt Faircloth, multifamily real estate investor. He saw many investors rush to these real estate boomtowns during the peak and are now struggling to fill their rental units as the boom became a bust. He’s identified a sneaky strategy that allows you to buy properties at a discount in these markets to make money while the FOMO investors search for an exit option. We’ll talk about the cities with the most hype, the ones worth investing in, the future boomtowns that most are ignoring, and the massive opportunity of “economic spillover” that could lead you to markets with the best future potential. 00:00 Intro 02:39 Real Estate "Boomtowns" 06:07 How "Boomtowns" Form 09:44 Cities with the Most Hype 12:11 Hyped vs. Solid Housing Markets 16:33 When Is It Too Late to Get In? 20:41 HUGE Opportunity for Investors 29:26 What “Boomtown” Investors Should Do 35:15 Upcoming Boomtowns