2023 Real Estate Market Risks and Q&A w/Pace Morby & Jamil Damji

The real estate market is changing, especially in high-appreciation cities like Phoenix, Arizona. This week, Ashley and Tony made the journey to the Valley of the Sun to visit real estate rookies for a live podcast recording. But it wasn’t just the rookies coming out; expert investors like Jamil Damji and Pace Morby also swung around to answer questions about creative financing, the 2023 housing market, multifamily investing, and more. They give some killer insight that only off-market masters know, and their input could help you score better deals over the next year. As always with a Rookie Reply, we also take questions from the Real Estate Rookie Facebook group, the Rookie Request Line, and Instagram to see what’s on investors’ minds. This time, we’ve got questions on how real estate wholesaling works, the best way to reject an agent or lender (without burning bridges), the true cost of owning a rental property, and the risks and rewards of using a dual real estate agent. This episode comes packed with rental property gold, so stick around! If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE). 00:00 Intro 04:30 Risks in the 2023 Real Estate Market 11:44 Tips for Finding a Business Partner 15:46 The Best Way to Invest in Multifamily 17:53 Where to Find Real Estate Data 19:58 How Does Wholesaling Work? 23:23 How to Respectfully Reject an Agent 28:49 The Cost of Owning a Rental Property 34:11 Should You Use Dual Agents? ~~~~ Join BiggerPockets for FREE: https://www.biggerpockets.com/signup?... ~~~~ Join the Real Estate Rookie Facebook Group:   / realestaterookie   ~~~~ Find an Investor-Friendly Agent in Your Area: https://www.biggerpockets.com/agent/m... ~~~~ Listen to Jamil on The “On The Market” Podcast Wherever You Listen to Podcasts: Spotify: https://open.spotify.com/show/2NlzZ9N... Apple Podcasts: https://podcasts.apple.com/us/podcast... BiggerPockets: https://www.biggerpockets.com/podcast... ~~~~ Watch Jamil on the “On the Market” YouTube Channel:    / @bponthemarket   ~~~~ Use the BiggerPockets Rental Property Calculator on Your Next Deal: https://www.biggerpockets.com/rental-... ~~~~ Follow Dave “The Data Deli” Meyer on Instagram: @thedatadeli or   / thedatadeli   ~~~~ Hear the BiggerPockets Interview with “Rocket Fuel" Author, Gino Wickman: https://www.biggerpockets.com/blog/bi... ~~~~ Connect with Ashley, Jamil, Pace, and Tony on BiggerPockets: Ashley: https://www.biggerpockets.com/users/e... Jamil: https://www.biggerpockets.com/users/j... Pace: https://www.biggerpockets.com/users/p... Tony: https://www.biggerpockets.com/users/t... ~~~~ Shoot Ashley and Tony a Question on Instagram! @wealthfromrentals or   / wealthfromrentals   @tonyjrobinson or   / tonyjrobinson   Episode #250 Show notes at: https://www.biggerpockets.com/blog/ro...