356: 3 Steps to Start Investing in Real Estate + 2024 Mortgage Rate Predictions

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 11 January 2024

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you want to know how to start investing in real estate, you’re in the right place. Today, we’re going to detail the three often-overlooked beginner steps that’ll allow you to build a real estate portfolio, reach financial freedom, and have more time and money than ever before. And no, these steps are NOT the usual “look up properties online, talk to an agent, get pre-approved” advice. Instead, we’re giving you the time-tested expert guidance that leads you to REAL wealth, not just a handful of headache properties. So, who has the foolproof plan for real estate success? Dave Meyer, BiggerPockets VP of Data and Analytics, host of the On the Market podcast, and author of Start with Strategy. In today’s episode, Dave outlines exactly how he built a life he loves, living abroad with free time to travel, making more than enough to support his adventurous lifestyle, all while spending less than an hour a day on his real estate portfolio. If you’re ready to buy your first or next rental, experience lasting financial freedom, and hear Dave’s 2024 mortgage rate predictions, stick around! Ready to start investing in 2024? Pick up Start with Strategy and use code “STRATEGY356” at checkout to get 10% off! In This Episode We Cover The three beginner steps to start investing in real estate in 2024 Creating your “vision” of what you want financial freedom to look like for you Why you should NOT quit your job (yet) to go full-time in real estate The fastest way to boost your income or get a substantial raise at work Dave’s 2024 mortgage rate predictions and how low rates could go this year And So Much More! Check the full show notes here: https://www.biggerpockets.com/blog/rookie-356 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	This is Real State Rookie episode 356.
0:04.4	Today we have the Data Delhi himself, Dave Meyer.
0:08.1	And you guys might know Dave, he is the host of the BiggerPockets
0:10.9	on the market podcast.
0:12.2	He's the VP of Digita at Big pockets and just an all around really awesome and intelligent guy and I love talking to him.
0:18.4	And today he's got a new book out. It's called Start with a Strategy and we're going to talk a little bit about how strategy should be playing into your journey as a Ricky real estate investor and guys this is probably one of the most overlooked things I've seen rookies do so make sure to pay attention in all today's episode because you're
0:33.7	going to get some good stuff. And as always I'm Ashley Care joined by my co-host Tony J Robinson.
0:40.3	And you're listening to the Real Estate Ricky podcast where every week, twice a week,
0:44.4	we bring you the inspiration, motivation, and stories you need to hear to kick-start your
0:48.7	investing journey. Today we're going to learn that investing is more than just
0:52.0	running analysis.
0:53.4	Today we'll get into three of the five things you need to evaluate
0:59.4	when you are starting in real estate or maybe you need to even re-evaluate to hone in your real estate
1:06.1	strategy.
1:07.1	So this will include personal values, transactional income plan, and a resource audit.
1:14.6	Have you guys done any of those before?
1:16.7	And we may even have a little bit of time
1:18.7	to get into some market predictions
1:21.5	from our favorite data wrangler to see what he has
1:26.5	insight for 2024. Dave, welcome back to the show and happy new year.
1:33.0	Thank you Ashley Tony happy new year it's great to be here.
1:36.0	So is this here maybe your third time on the show with us maybe even more
	...

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