673: Beyond Cash on Cash: How Thinking Like an Investor Unlocks More Deals w/Dave Meyer & J Scott

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 11 October 2022

⏱️ 87 minutes

🔗️ Recording | iTunes | RSS

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Summary

What sets apart your everyday real estate investor from an investing expert? While novice investors are focused on cash flow only, veteran landlords focus on something worth much, much more. Thankfully, even if you’re just getting started on your investing journey, you don’t have to go through the hard work that experts like Dave Meyer and J Scott went through. Instead, you can hear their time-tested advice today, and grab their new book Real Estate by the Numbers! J, a techie turned master flipper has written numerous books on estimating rehab costs, calculating real estate deals, and recession-proof investing. Dave, our VP of Data and Analytics and host of On the Market, has been head-down in housing market data for the past decade. These two real estate investing juggernauts combined their knowledge to write a book that lets every investor, no matter their skill level, find better deals, calculate profits smarter, and build wealth faster. In this episode, we talk about calculating cash flow, ROI, and other metrics that may, or may not, matter as much as you’d think. You’ll hear how these two experts use much more than the numbers to define which deals are worth buying. After this episode, you may look at your portfolio differently, or even think about selling some of the properties you thought were “winners” before! In This Episode We Cover: The math behind the real estate deal and which metrics matter more than most Calculating which properties work best for your portfolio Defining your “buy box” and using it to filter through deals so you can build wealth faster Why your property’s ROI (return on investment) might be even better than you think How to start thinking like an investing expert and the lump sum vs. cash flow debate Understanding the time value of money and how it’ll make you richer quicker And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Here’s Why You Should Consider Investing in Senior Living Should You Invest In Senior Housing (And Is Now the Right Time)? Genworth’s Cost of Care Survey BiggerPockets Calculators Book Mentioned in the Show: Real Estate by the Numbers by Dave Meyer & J Scott and Use Code “DAVE” or “JSCOTT” for 10% Off Connect with Dave & J: J's BiggerPockets Profile J's Website Dave's BiggerPockets Profile Dave's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-673 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 the bigger pocket show episode 6-7.
0:03.7	Rob, thanks for trying, but that was so bad. I cannot let that stand.
0:07.4	Let's take this and do it the right way. Watch and learn, my man.
0:10.9	This is the bigger pocket podcast.
0:13.0	Show 6-73.
0:15.4	You can't just lock in on one metric. You have to just learn to think like an investor.
0:20.0	There's no magic formula. It's not like appreciation plus cash flow minus taxes divided by
0:25.6	amoritization. There's no magic formula. It's a mindset that you have to develop by understanding
0:32.6	the concepts that underpin investing. These are not super complicated topics. This is not calculus.
0:40.4	It's stuff like compound interest. It's stuff like depreciation like Jset. It's stuff like
0:46.1	amoritization. All right, I will let you guys take it from here, but before I do one quick tip
0:52.5	for everyone listening, this show was recorded before the book is released. You have an
0:57.6	opportunity to go buy the new book that we're going to be talking about on the show today, real
1:01.9	state by the numbers written by bigger pockets, personalities, Dave Meyer and Jay Scott.
1:06.6	If you go order it before it's released, you will get all of the bonus goodies that come with
1:10.8	the pre-order as well as your opportunity to get a coaching call with Jay and Dave specifically
1:17.2	just for you. That's incredibly valuable. I would encourage you guys to go get the book. You
1:20.7	can head on over to bigger pockets.com slash store and look for real estate by the numbers.
1:25.6	Today I am joined by my co-host Dave Meyer. How you doing, man? I'm great. I'm super excited to
1:31.6	be here. I have the very unique and weird position to be like kind of hosting the show, but I'm also
1:36.8	the guest on the show. So hopefully this goes well. Oh, listen, spoiler alert. I've already lived
1:42.6	through the interview and I think it went pretty well, man. What are we going to be talking about today?
	...

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