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BiggerPockets Real Estate Podcast

186: How to Get Your First Few Properties - Even in a Competitive Market with Dave Meyer

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 4 August 2016

⏱️ 71 minutes

🧾️ Download transcript

Summary

There are a lot of excuses people use for why they don’t invest in real estate. Maybe they work too much. Maybe they don’t have any money. Maybe the market is too hot. But some — like our guest today — don’t let those difficulties stop them. Instead, they use creativity to overcome obstacles and build a real estate empire. So today on the BiggerPockets Podcast, we are excited to introduce you to Dave Meyer, an investor from the Denver market, who shares his story of buying eight units using creativity, intelligence, and in incredible level of hustle! In This Episode We Cover: Who exactly Dave, the VP of Growth for BiggerPockets, is How his silly neighbor unintentionally encouraged him to buy a house Why he chose his friend as a partner The details of his first deal What he looked for in his first deal The numbers on that deal Would it still be a great deal without the appreciation in Denver? How he raised his funds for this project The importance of acting on opportunities now Who manages his properties? How a tenant built a staircase for him How you can learn the market by working hands-on How Dave bought properties while waiting tables His first experience with house hacking Tips to keep in mind regarding zoning when finding properties And SO much more! Links from the Show Josh’s Twitter Account Brandon’s Twitter Account BiggerPockets Webinar BiggerPockets Forums Dancing with the Stars How Great Leaders Inspire Action by Simon Sinek (TED Talk) Books Mentioned in this Show The Book on No or Low Money Down by Brandon Turner The Ultimate Beginners Guide to Real Estate Investing by BiggerPockets Start with Why by Simon Sinek Leaders Eat Last by Simon Sinek Tweetable Topics: “If you have an opportunity, you’re a fool to ignore it. Find a way to do it.” (Tweet This!) “You learn a tremendous amount if you do hands on things such as screening the tenants, doing the open houses. You learn the market and what people want.” (Tweet This!) “Find the deal and figure out how to get the money to make it happen.” (Tweet This!) “Once you start owning, it feels weird to start paying someone else to live in their house.” (Tweet This!) Connect with Dave Dave’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Bigger Pockets Podcast.

0:02.0

Show.

0:03.0

186.

0:05.0

I want to have a full-time job that I'm not one of those people who wants to quit.

0:08.0

So like I have constructed my whole strategy around continuing to work a full-time job but being able to

0:14.0

supplement my income and you know invest. You're listening to bigger pockets

0:19.5

radio simplifying real estate for investors large and small.

0:24.0

If you're here looking to learn about real estate investing without all the height,

0:28.0

you're in the right place.

0:30.0

Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.

0:35.8

Your home for real estate investing online.

0:38.9

What's going on everybody? This is Josh Dorkin, host to the BiggerPockets Podcast here with my co-host, Mr Brandon Turner.

0:45.6

What's up, man?

0:46.6

I am doing fantastic.

0:48.2

How about you?

0:49.2

I'm doing really, really well.

0:50.4

Thank you.

0:50.9

Thank you very much. Thank you. This sounds so formal. well thank you

0:53.0

you so it sounds so formal uh well I appreciate you caring and your

0:57.8

concern I don't I don't care it's just that's how we do the show

1:02.2

well I care I care how we do the show. Wow.

1:03.0

Really?

...

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