Home buyer’s remorse, low interest rate dreams, and not taking a second look at a property. These are some touchy subjects for real estate investors who had wins but also big losses in 2022. While real estate investing is one of the best ways to grow generational wealth, it still has its home-induced headaches, either from going over budget on a project, waiting too long to buy, or doing the wrong rehab. But don’t get down if you made any of these mistakes. Our expert investors have done the same!

Welcome back to On the Market. In today’s show, Dave, Henry, James, and Kathy, talk about the biggest real estate regrets and mistakes made in 2022. This show proves that even if you’re experienced, you can still fall prey to making mistakes and losing hundreds of thousands of dollars doing the wrong deals. But this isn’t all doom and gloom. The cast shares lessons learned from these big mistakes so listeners like you can avoid these money-hemorrhaging life lessons the next time they pop up in your life.

We also talk about some of the biggest mistakes across the news in 2022. These span from the FTX crash and SBF’s fall from grace, the crypto slump of this year and last, and why so many buyers were caught off guard by the almost unprecedented interest rate hikes of earlier this year. Tune into this episode, and stick around for next week’s as we give a glimpse at what we’ll be doing to build even more wealth in 2023!

In This Episode We Cover

Knowing your numbers and how going over budget on a renovation is easier than most people think

Interest rate nostalgia and why locking down a low rate beats a better home price

Permitting hold-ups and how avoiding a site visit could cost you hundreds of thousands

The FTX crash and crypto’s demise over the past two years (and what caused it)

2023 mortgage rate predictions and whether or not we’ll see four percent rates within the next year

Why every great real estate investor has a bad contractor story

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Subscribe to The “On The Market” YouTube Channel

Dave’s BiggerPockets Profile

Dave’s Instagram

Henry's BiggerPockets Profile

James' BiggerPockets Profile

Kathy's BiggerPockets Profile

Henry's Instagram

James' Instagram

Kathy's Instagram

How to Deal With Regret in Real Estate

Biggest Red Flags of a Bad Contractor

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-60

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60: Our 2022 Real Estate Regrets and How You Can Benefit From Them 52:37 Share

On The Market

Shownotes Transcript

60: Our 2022 Real Estate Regrets and How You Can Benefit From Them