BiggerPockets Real Estate Podcast

More homes are for sale now than any time in the past six years. Mortgage rates just shot up to above 7% with no relief in sight. Markets are seeing (substantial) price cuts, and there could be much more to come this winter. So, is a crash on the way, or is this lukewarm correction simply becoming something stronger than we had imagined?

In this September 2026 housing market update, we’ll cover it all! First, we’ll talk about the massive change in mortgage rates this month, what’s caused it, and whether any relief is on the horizon. If rates stay high and more buyers are booted from the market, sellers will need to act—that means price cuts, concessions, and negotiating power for the buyers that remain.

But will this turn into a full-blown crash, or are there too many macroeconomic legs propping up the housing market? Dave gives his full risk report and shares where he thinks interest rates could end up hovering. Plus, the tactic he’s using to get 10%, 15%, or even 20% off real estate deals while sellers have their backs against the wall.

In This Episode We Cover

What caused mortgage rates to surge earlier this month to the 7%+ range

Why prices could drop even more in winter and the serious discounts Dave is finding

Some of the best and worst real estate markets in the U.S. (which are holding up?)

Chances of this market flipping from a correction to a housing market crash

What happens as buyers exit the market with the most homes for sale in six years?

And So Much More!

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Imagine getting 10% off your next rental property (on the low end). What about getting a rate in the 3% or 4% range, or putting only 5%-15% down on a property that’s not only affordable but also in the path of progress? As interest rates climb higher and buyers step back, investors have opportunities that haven’t been available in years, and in 2027, these opportunities could get even better.

Today, we’re talking with another rental property investing veteran (literally), Zach Lemaster. Zach spent years as an Air Force optometrist, using a 5%-down loan to kickstart his own investing journey. After buying properties every year, even while stationed across the country, Zach realized the massive effect rentals had on his net worth. He tried (and initially failed) at out-of-state investing before developing his own system to buy in the best markets with the best management so he could retire from his 9-5.

He did it, and in doing so created Rent to Retirement, one of the nation’s leading turnkey companies. Today, he’s sharing the actual strategy he’s personally using to get 10% (up to 15%) off rental properties, how he scores low (3%-4% range) interest rates, and builds his portfolio, and his customers’ portfolios, with loans as little as 5%-15% down.

The deals keep getting better for investors, and these might be some of the best we’ve seen.

In This Episode We Cover

How Zach replaced his optometrist salary with simple, high-demand rental properties

The real estate deals we’re seeing right now that are giving 10%+ discounts

Want financial freedom in a decade? Three steps Zach took to get there

The wrong way to invest out-of-state (and what to do instead)

How to use rental properties to offset some of your income taxes without being a real estate professional (REPS)

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠h⁠⁠t⁠t⁠ps://www⁠.biggerpockets.com/blog/real-estate-1334.

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.
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Real estate investing won’t make you rich overnight. But keep at it for long enough, and it will make you very wealthy.

Philip Henry had been doing all the right things: buying a rental property every year, renovating it, raising rent, and then rolling his home equity into the next deal. Yet after nearly 15 years, he had very little to show for it, and the stress and workload were beginning to take a toll on his health and relationships.

Right when others would have given up, the real estate deal of a lifetime landed right in Philip’s lap—a seven-figure, 31-unit rental property that would change his family’s future.

Now, Philip is financially free, has quit his W-2 job, and is building generational wealth with rental properties.

How did he do it? Today, he’s pulling back the curtain on the deal that changed everything and the strategies behind it: seller financing, other people’s money, and perhaps most importantly, the patience and persistence needed to win in real estate.

In This Episode We Cover

How Philip scaled from a $200,000 duplex to a $20,000,000 portfolio

Replacing his six-figure salary with rental property income

Taking down a $1,200,000 real estate deal without any of his own money

How to use creative financing to bring zero to the closing table

The secret to avoiding burnout on the road to financial freedom

Why you should pitch seller financing on every real estate deal

And So Much More!
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This is how to buy a small multifamily rental property the right way. It’s not hard, it’s not complicated, and it’s (arguably) one of the best residential real estate investments to make right now. Why? Safer financing, faster scale, and bigger cash flow. Unlike single-family rentals, small multifamily real estate was designed to make you money, and the returns clearly show that.

So how do you get your first duplex, triplex, or quadplex this year? Today, Dave is walking through each step you need to take.

From finding small multifamily real estate deals to financing them with as little as 3.5% down, running the numbers using a rental property calculator, offering, negotiating, and getting your first rent check, this is how to buy a small multifamily the right way. Dave also shares some clear red flags to avoid and when to walk away from a property even if it fits your buy box.

Ready to build wealth with small multifamily? This is how you do it.

In This Episode We Cover

Why small multifamily rentals (2-4 units) easily beat single-family rentals

The low money down financing you can get on your next multifamily (3.5% down)

Choosing a market with affordable home prices, cash flow, and appreciation

How to negotiate with sellers on more than just price (and get your offer accepted)

Small multifamily red flags to avoid (they could cost you thousands)

Dave’s due diligence checklist to cover before you buy the property

And So Much More!

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Most investors follow the same path—buy a single-family rental, learn the ropes, and upgrade to small multifamily, slowly snowballing the portfolio. But what if you could take the leap from your first deal, skipping single-family entirely and buying a sizable rental property portfolio on investment #1? If you had no experience, it could change your life overnight—so is it worth it?

We’re back answering real questions from the BiggerPockets Forums, and we’ve got a special guest—Chauncey Pham, the making-six-figures-per-deal investor! First, an investor has enough cash to buy a decent-sized multifamily property. Should they skip single-family rentals and go straight into the big leagues on their first real estate investment? A young investor has $20K saved up but wants to know the best bet so he doesn’t get wiped out on his first rental property play.

Ever told your contractor your renovation budget is $70,000, and they conveniently tell you the work will cost $69,800? After hundreds of renovations, Henry and Chauncey know exactly what to say. Is getting your real estate license worth it, and if you do become an agent, how do you get your first leads and learn the ropes? As a broker, Chauncey knows why agents get caught up from the start.

Ask Your Question on the BiggerPockets Forums!

In This Episode We Cover

The best first rental property? Single-family vs. multifamily rentals

How to start investing with just $20K (and how to get even more money to invest)

Whether or not you should tell a contractor your renovation budget from the start

The single most crucial person to know (and have on your team) when investing in real estate

Why agents fail and the very false expectations people have when getting their license

And So Much More!

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