"Wait For the Crash!" and Other Terrible Real Estate Investing Advice

Episode #124

Real estate investing advice is everywhere, especially from people who don’t invest. You’ve seen the financial influencers screaming, “Don’t buy!” or “Wait for the crash!” often while doing a little dance or pointing to some cherry-picked statistics. While this amateur advice rarely gets considered by investing experts, those who are just getting started are susceptible to following this dumpster fire of investing guidance and will end up losing money as a result. But don’t worry; we’ve brought the antidote to this horrible advice.

We got the entire "On the Market" panel together to give their favorite pieces of lousy investing advice and what to do instead so you can ACTUALLY build wealth. From waiting for the crash to only buying foreclosures to purchasing a property way over your budget, this real estate investing advice is some of the worst, if not most hilarious, we’ve seen in a long time. And with the economy on the edge of a recession, now is NOT the time to take money tips from twenty-two-year-olds on the internet.

For every piece of bad advice we get, we’ll give you our personal, time-tested advice on what we’d do in today’s housing market. Some of this expert advice may shock you since it goes against what everyday investors have been told. But, if you follow it, you could be building wealth like our multi-millionaire guests!

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Henry Washington: https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none
James Dainard: https://www.biggerpockets.com/users/jdainflips?utm_source=youtube&utm_medium=description&utm_campaign=none
Jamil Damji: https://www.biggerpockets.com/users/jdamji?utm_source=youtube&utm_medium=description&utm_campaign=none
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Show notes at: https://www.biggerpockets.com/blog/on-the-market-124?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

02:31 Flipping is Too Risky

08:45 Get Your Real Estate License

13:58 Wait for…

17:06 Buy Office

23:01 DON’T Buy at Market Value

30:31 Date the Rate

33:29 Buy 2 Brand New Homes?

38:07 Connect with Our Guests!


Did you miss our previous article...
https://trendinginrealestate.com/where-to-buy/how-to-find-houses-to-flip-online