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On The Market

177: The 3 Steps to Start Building Wealth with Real Estate in 2024

On The Market

BiggerPockets

News, Investing, Business, Education

4.8820 Ratings

🗓️ 10 January 2024

⏱️ 37 minutes

🧾️ Download transcript

Summary

If you want to build a real estate portfolio or make more money off of your current portfolio, there are three steps you need to follow. Real estate investing experts who built massive passive income have used these three steps for decades without even knowing it. Now, Dave Meyer is sharing them with you so you can build wealth, find financial freedom, and live the life you love. In his newest book, Start with Strategy, Dave goes over three crucial steps that the most successful investors have taken either before or while building their real estate portfolios. Today, we’ll walk through all three steps, helping you design the life you want to live BEFORE you buy investment properties, pick out EXACTLY which properties will help you get there, and learn how to make the most money with the least properties possible. No matter what stage you’re at in your investing journey, these three steps can help you hit your goals MUCH faster. If you want to build wealth in 2024, pick up Start with Strategy and use code “START177” at checkout to get 10% off PLUS pre-order bonus content! In This Episode We Cover: Latest homeowner equity numbers that put owners and sellers in an even better position The most and least home-equity-rich housing markets in America Foreclosure risk and how “negative equity” completely flipped since the Great Recession The rise of “accidental investors” who are keeping more housing supply to themselves Molly’s strong mortgage rate prediction and where she thinks rates will be by the end of this year Whether or not equity could explode once again as buyers get back into the market And So Much More! Links from the Show Find an Agent Find a Lender 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 Kathy's BiggerPockets Profile Kathy's Instagram Henry's BiggerPockets Profile Henry's Instagram Grab “Start with Strategy” and Use Code “START177” at checkout for 10% off! Every Strategy I Used To Build My Portfolio for Financial Independence Book Mentioned in the Show The Paradox of Choice by Barry Schwartz Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-177 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What's going on, everybody?

0:09.0

Welcome to the on the market podcast.

0:11.0

This is Henry Washington, and I am here with Kathy Fetke.

0:15.0

And I am introducing the show because Kathy and I are here to celebrate Dave

0:20.7

Meyer's new book, Start with Strategy.

0:23.1

Yeah.

0:24.4

Woohoo.

0:25.1

Thank you.

0:26.1

Thank you, guys.

0:26.8

I appreciate you doing this.

0:28.2

I think Henry and I want to understand how you're able to come out with another book

0:32.8

after giving an amazing keynote that I know took a lot of preparation and a year-end completion

0:40.4

and forecast. I mean, how do you do it?

0:43.1

Just deep-seated anxiety about being inferior and not accomplishing enough. I don't know.

0:51.4

If you want the real answer.

0:54.4

You didn't put those fears to rest, I think.

0:57.0

Oh, no, I'm just joking.

0:58.6

I just, you know, I'm lucky that I really like what I do.

1:02.8

I really enjoy being a real estate investor.

1:06.8

And in my job at Bigger Pockets and on this show, I get to talk a lot about data and market research.

1:14.0

But I've also been a real estate investor for more than 13 years.

1:18.6

And in the course of those 13 years, I've learned a lot about how to develop a strategy that works for me and my particular lifestyle.

...

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