BiggerPockets Real Estate Podcast
Business:Investing
You don’t have to race to financial independence to get there. Dave Meyer, VP of Market Intelligence at BiggerPockets, took his time building up passive income, and years later, it’s what has allowed him to amass impressive wealth all while living abroad, working where he wants, and securing a very stable retirement. But Dave wasn’t always some housing market genius who knew every statistic and metric about real estate investing. He started as a broke college student with no job prospects, struggling to pay his own rent.
After graduating college during one of the worst recessions America had ever experienced, Dave was waiting tables to keep the lights on. He realized that he needed a different way to get ahead, and just getting a job wasn’t going to be enough. So, even with no money, Dave convinced a few friends to buy a house together while he borrowed money for his share of the down payment. Dave managed the property, took the tenant phone calls, and did what he had to do to learn the real estate ropes. And…it worked!
Now, a decade and a half later, Dave has an entire real estate portfolio of long-term and short-term rentals and passive income streams from syndication investments, but this all started with one small deal he took a chance on. Today, Dave shares every part of his story, from finding the first deal to moving abroad, pausing buying rentals, and why he’s getting BACK in the game now and doing deals again!
In This Episode We Cover
How to invest in real estate even if you’re starting from zero with NO money
The power of house hacking and how this strategy can explode your real estate portfolio
Optimizing your portfolio and how to systematize your rentals so YOU don’t do all the work
Investing during a housing crash and why most Americans were running from rental properties
Passive investing through real estate syndications and the pros and cons of putting your money in one
Why Dave is finally getting back into the rental property game after years on the sidelines
And So Much More!
(00:00) Intro
(01:08) First Rental with NO Money
(12:25) Optimizing His Portfolio
(18:30) Investing During the Crash
(19:46) Moving Abroad
(21:45) Passive vs. Active Investments
(30:59) Dave’s Current Portfolio
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-952
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
981: Seeing Greene: Investing with High Rates, Recession Prepping, & RVs vs. ADUs
980: Does Buying a Business Beat Real Estate Investing in 2024?
979: BiggerNews: What Happens to The Housing Market if Mortgage Rates Stay High?
How to Buy Your First, Second, or Third Rental Property!
978: How to Build Your Real Estate Investing Team (Agents, Contractors, Lenders)
977: Seeing Greene: Exiting Bad Deals, Going Over Budget, & the BEST First Rental
976: How to Start Mobile Home Investing (The Right Way) for Just $15,000
975: BiggerNews: Rent Price Updates and Why Landlords Are Optimistic About 2024 w/Zumper’s Anthemos Georgiades
974: Maximalism: The New Renter-Friendly Trend Landlords Can’t Overlook w/Tay “BeepBoop” Nakamoto
973: Seeing Greene: Retiring Early, ARMs vs. Fixed-Rate Mortgages, & When to Sell
972: 3 Beginner Steps to Find Undervalued Real Estate in ANY Market
971: BiggerNews: Mid-Year Housing Market Update + Mortgage Rate Forecast w/Redfin Chief Economist Daryl Fairweather
970: 5 Mistakes to Avoid When You Start Investing in Real Estate
969: Seeing Greene: I Can’t Find Tenants! Should I Sell or Lower My Rent?
968: Making $10,000/Month PER Rental with These Guaranteed Cash Flow “Contracts” w/Noble Crawford
967: BiggerNews: Apartment Investing Took a Huge Hit, Is a Comeback On the Way? w/Brian Burke
966: Top Investors Reveal Their Worst Real Estate Deals (DON'T Repeat Them!)
965: Seeing Greene: Insurance and Taxes Killed My Cash Flow, Should I Sell?
964: Retiring His Parents by Buying Unwanted, Overlooked Real Estate Deals w/Logan Koch
963: BiggerNews: 6 Rules for Real Estate Investing in 2024 w/J Scott
Create your
podcast in
minutes
It is Free
TED Talks Daily
Radiolab
StarTalk Radio
The Inforium
Entrepreneurial Thought Leaders