224: It’s Not All About Cash Flow: 4 Ways Real Estate Makes You Rich w/Dave Meyer and J Scott

Real Estate Rookie

BiggerPockets

How To, Entrepreneurship, Business, Education, Investing

4.7 • 1.8K Ratings

🗓️ 8 October 2022

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Real estate investing is known for one thing: cash flow. No matter who you talk to, investors always seem to be hypnotized by this single metric. Rookie investors love to chase after cash flow and cash flow only—often completely disregarding the much more lucrative benefits of real estate investing for the shiny object of monthly profits getting deposited into your account. But, if you’re buying, analyzing, and negotiating deals based on cash flow only, you could be making a huge mistake. In the new book Real Estate by the Numbers, Dave Meyer and J Scott, both veteran investors in their own regards, give you the numbers behind the NOI and show how real estate will make you rich in much more ways than one. They give you the exact calculations, framework, and mindset to use when analyzing real estate deals, and will show you how you can build wealth faster, smarter, and with less effort than the cash-flow-crazed investor down the street. On today’s show, Dave and J walk through the four ways that investors can build wealth through real estate, which questions real estate rookies should start asking, and debate whether or not the 2022 housing market is one worth buying in. Real estate rookie or not, this show will give you everything you need to start chasing better deals with hidden profits others are too blind to find. In This Episode We Cover Why real estate rookies should grab the new book, Real Estate by the Numbers Recessions, interest rates, and whether or not 2022 is a good year to buy real estate The four ways to generate wealth through real estate investing (it’s more than cash flow) Questions real estate rookies should ask when analyzing their first real estate deals Real estate tax deductions and how investors can pay almost no income tax How to “force” appreciation so you can increase equity faster and walk away with a big payday And So Much More! Links from the Show Ashley's Instagram Tony's Instagram Airbnb BiggerPockets BiggerPockets Calculator Real Estate Rookie Facebook Group The Real Estate Podcast Real Estate Rookie Podcast On the Market Podcast BiggerPockets Business Podcast BiggerPockets Bookstore How to Become a Real Estate Millionaire (NO Experience Necessary) What Works (and Doesn’t) in a Recession & the Untold Story of J Scott’s Messy First Flip Connect with Dave and J: Dave's Instagram Dave's BiggerPockets Profile J's Instagram J's BiggerPockets Profile J's Website Check the full show notes here: https://www.biggerpockets.com/blog/rookie-224 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie.
0:02.1	More good deals will come on the market over the next couple of years,
0:06.0	but you do have to contend with some risks of declining value and high interest rates.
0:12.0	And I think that's just because over the last couple of years,
0:15.5	there's been super high competition and that makes it really hard for investors to land
0:20.3	under market deals. Now the markets are shifting a little bit away from probably one of if not
0:26.7	the strongest sellers market in history to one that is a little bit more balanced.
0:30.9	And so that could create some more opportunity for people.
0:34.0	My name is Ashley Care and I'm here with my co-host Tony Robinson.
0:38.0	And welcome to the Real Estate Rookie podcast where every week,
0:41.0	twice a week, we bring you the inspiration, information, and motivation you need to kickstart
0:45.6	your investing journey. And we often like to start these episodes by chatting on some folks who
0:49.1	have let us some reviews. And this week's review comes from the Skid's 85. And the Skid says,
0:55.1	this podcast has great tidbits for Rookie investors.
0:58.1	Anyone looking to start in Real Estate investing will find nuggets of valuable information
1:02.0	throughout the podcast. And if you couple this podcast with the original,
1:05.4	Bigger Pockets Real Estate podcast and all of the BP books,
1:08.4	it'll give you the courage to dive into investing, which is what it did for me after five short
1:12.7	months. The Rookie replies are shorter, but I love them because that's what all the good information
1:18.6	is. So the Skids, we appreciate you, brother. And if you haven't yet,
1:21.9	please, you'll even honest rating a review for the podcast because it helps us reach more
1:25.2	folks. And that's our goal here. So Ash, how about we skip the the boring
	...

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