299: The 4 Steps to Financial Freedom Through Rental Property Investing

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 28 June 2023

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want financial freedom? We’re not talking about buying yachts, private planes, or million-dollar sports cars. We mean REAL financial freedom. The freedom that lets you work where you want, when you want, and spend time with the ones that matter most, without having to worry about paying the bills or having enough in the bank to make ends meet. That’s what it means to be financially free. And today, we’re here to help you get even closer to achieving that dream. While Tony and Ashley are living their financially free lives, Dave Meyer, VP of Data and Analytics at BiggerPockets and host of On the Market, stopped by to give you the step-by-step guide to achieving financial freedom. In this episode, Dave will show you how to set goals for a financially free life, calculate your “freedom number,” choose a real estate market to invest in, find the right property, and analyze a real estate deal from scratch. You DON’T need to be an investing expert to start your journey to financial freedom. Unlock the tools expert real estate investors use daily by becoming a BiggerPockets Pro member. Get 20% off your first year of Pro if you use code “FREEDOM” at checkout and gain access to investment property calculators, lease documents, rent estimators, and more! In This Episode We Cover The four steps to financial freedom and how to achieve ultimate independence through real estate investing Setting SMART goals and calculating your “freedom number” How to pick the right real estate market and two questions you MUST ask before you do Four ways you can start finding real estate deals TODAY Analyzing a real estate deal LIVE (step-by-step) using the BiggerPockets calculators What expert investors know that most real estate rookies don’t And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Try the BiggerPockets Rental Property Calculator on Your Next Property Estimate Rent for ANY Property Sign Up for a BiggerPockets Bootcamp Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts: Spotify Apple Podcasts BiggerPockets Watch Dave on the “On The Market” YouTube Channel Connect with Dave: Dave's BiggerPockets Profile Dave's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-299 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	Hey everyone, welcome to this very special episode of the rookie podcast, I'm Dave Mayer and I'm going to be your host today
0:07.3	Philly Inn for Ashley and Tony and the reason I'm here is because recently in my responsibilities as the VP of data and analytics at bigger pockets
0:16.5	I created a webinar to help the bigger pockets audience understand step-by-step how to pursue
0:23.6	financial freedom even during the confusing economic and housing market conditions that we find ourselves in and
0:30.8	This webinar has really gotten a lot of positive feedback and because of that we wanted to share it with our podcast listeners
0:39.5	All right, I know we're all excited to get started, but let's take a quick break before we dive into today's episode
0:44.0	So every real estate investor knows how crucial having an LLC is from keeping you more anonymous to protecting your personal assets
0:51.6	Limited liability companies are an investor's best friend. That's why experienced investors are self-included set up LLCs for almost every property
1:01.1	We own limiting our liability while shielding our portfolios
1:05.3	But before you spend thousands on a lawyer to set up dozens of LLCs try Zen business
1:11.0	They provide the fastest easiest way to create an LLC and any of the 50 states with an outstanding rating by Forbes
1:18.7	Investopedia nerd wallet and U.S. News. This is actually recommended by Mark human
1:24.6	Then businesses team of experts deal with all the paperwork so you don't have to accuracy guaranteed
1:31.7	Don't wait until your portfolio is in jeopardy head to zenbusiness.com to lock down an affordable LLC
1:38.7	Zen business can even get you an EIN a business bank account and help with taxes in accounting
1:44.2	Right now you can join over half a million real estate investors and entrepreneurs who have already trusted
1:50.7	Then business to form their LLCs protect your portfolio today and create your LLC or free at zenbusiness.com
1:58.0	Again, create your LLC or free today at zenbusiness.com
2:03.5	You may feel like a Ricky, but I bet you've learned a lot more about real estate investing than you realize
2:08.1	Especially from this podcast alone
2:10.0	And as you continue to learn, you should remember that using tech to help you manage your rentals can be super beneficial
2:15.7	Property management software like rent ready can be used for everything from collecting rent to screening tenants to managing maintenance
	...

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