BiggerPockets Real Estate Podcast - Could This Trigger Mortgage Rate Cuts & Why is Everyone Moving HERE?

Episode #987 Ask Your Question in the BiggerPockets Forums: https://www.biggerpockets.com/forums?utm_source=owned_media Episode Show Notes: https://link.chtbl.com/BPRE Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Ready to Invest? Grab Dave’s Newest Book, “Start with Strategy”: https://store.biggerpockets.com/products/start-with-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders See Dave and Kathy at BPCON2024 in Cancun! https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none The Fed Stalls as High Rates Cause More Pain—What Is Powell Doing? https://www.biggerpockets.com/blog/federal-reserve-stalls-as-inflation-numbers-improve-may-2024?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave and Kathy: Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none Kathy: https://www.biggerpockets.com/users/kfettke?utm_source=youtube&utm_medium=description&utm_campaign=none Will the new jobs report finally prompt the Fed to cut rates, leading to you scoring a lower mortgage rate? With multifamily rents still falling, should we fear a nosediving rent trend in the near future? And why are all these traditionally overlooked investing markets becoming the new rental property hot spots? You asked, and on this episode of BiggerNews, we’re answering. We’ve taken top questions from the BiggerPockets forums and are answering them on today’s show! It wouldn’t be a BiggerNews episode without talking about the Federal Reserve. With the latest job numbers pointing in the right direction, is this the final signal the Fed needs before they start cutting rates? Or is there a specific unemployment rate we must hit for the Fed to give us some interest rate relief? Next, we’re talking about the continuously “softening” rents around the country. One sector is actually seeing rents grow, but if you’re not seeing that with your rentals, how do you ensure your tenants stay put and keep paying you rent? We’re giving our expert tips on mitigating falling (or stagnating) rents. Next, we’re highlighting the “affordable” investing hotspots popping up throughout the country as the cost of living increases. Are these markets actually worth investing in, or are the big cities going to have better returns once they bounce back? Finally, should you wait to save up emergency reserves and risk home prices rising OR buy your first property now? We share exactly what we did in the same position when we first started investing. 00:00 Intro 01:54 Rate Cuts Coming? 11:24 Rents Are “Softening” 19:09 How to Mitigate Falling Rents 21:36 New Affordable Markets Emerge 28:19 Emergency Reserves 101 33:05 Ask Your Question!