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.
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937: Seeing Greene: Paying Off Rentals, Estimating Crime, & Replacing Your Salary
936: 4 Ways to Start Investing in Real Estate with NO or LOW Money
935: BiggerNews: Investing with High Rates, Stubborn Inflation, & Low Supply w/Kathy Fettke
934: How to Pay Less Taxes by Buying Real Estate (1 Write-Off You’re Overlooking) w/Brandon Hall
933: Designing for Dollars: 7 Design Tips That Could Double Your Airbnb Revenue w/Erica Dike
932: Seeing Greene: When NOT to Build an ADU and How to Invest $300K
931: How to Build a Real Estate Portfolio from Scratch in 2024
930: Agents React to NAR Lawsuit Commission Change
929: Spring Cleaning: Why We’re Selling Off Parts of Our Rental Portfolios
928: 124 Units in 4 Years by Only Investing in Small Towns and Tiny Markets w/Dylan Osmon
927: Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses
926: 6 Tips to Grow Your Real Estate Portfolio While Working 9-5
925: BiggerNews: Housing Inventory Up 24%, Are We Returning to “Normal”? w/Mike Simonsen
924: Raising Private Money 101: Beginner Steps to Raise Your First $1,000,000
923: From No Savings to Building 60 Houses in 5 Years! w/Ayesha and Kevan Shelton
922: Seeing Greene: Signs It’s Time to STOP Investing in Real Estate
921: How to Get More Airbnb Bookings This Spring and Summer Break
920: Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever w/The New York Times’ Debra Kamin
919: How to Use Real Estate to Quit the 9-5 Grind
918: Creating Their Own Demand By Ditching the "Cookie-Cutter Flips" w/George and Heather Bassett
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