874: How to Invest in Real Estate in 2024 (Step-by-Step)

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 18 January 2024

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you want to know how to invest in real estate, you’re in the right place. Today, we’re going to break down the nine beginner steps to getting your first or next rental property so you can start building wealth, make passive income, and get closer to financial freedom. And while it may SEEM like real estate investing is tough in 2024 with high mortgage rates and scarce housing inventory, lower competition could make getting your next deal easier than you think. Ready to start? Dave Meyer, BiggerPockets' VP of Data and Analytics and host of On the Market, has used these beginner steps to reach financial independence, grow a sizable real estate portfolio, and have enough passive income to do what he wants when he wants. If you want to be in Dave’s position in the next five or ten years, you can follow his strategy STEP-BY-STEP to reach your real estate goals, start building wealth, and finally achieve financial freedom. Get access to exclusive real estate investing calculators, lease agreements, bootcamps, and more with BiggerPockets Pro, and use code “NEWYEAR2024” for a special discount! In This Episode We Cover: How to start investing in real estate in 2024 and buy your FIRST rental property Why New Year's resolutions DON’T work (swap them for THIS instead) The BIG advantage to investing in 2024, even with high rates and low inventory How to set your five-year, one-year, and quarterly goals for passive income and investing The “LAPS” funnel that brings you unlimited real estate deals How to analyze a rental property in MINUTES with the BiggerPockets Rental Property Calculator The one tool EVERY investor needs to start building wealth with real estate And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch 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 Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Rent Estimator Rental Property Calculator Investment Properties for Sale Hear More from Dave On the “On the Market” Podcast Book Mentioned in the Show Start with Strategy by Dave Meyer Connect with Dave Dave's BiggerPockets Profile Dave's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-874 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey everyone, welcome to the BiggerPockets Podcast. My name is Dave Meyer, and today I'm going to be sharing with you a recent webinar that I gave about making 2024 the best year ever for your real estate portfolio. I actually gave this webinar a couple of days ago
0:16.0	right around the new year but it went really well and it seemed to really help a lot of investors
0:21.0	whether they were brand new or a seasoned veteran, get ready and get
0:26.0	kick-started for what could be a great year for real estate investing.
0:31.6	In the webinar, I sure address the elephant in the room
0:34.8	the housing market and whether or not it's a good time to buy for real estate
0:39.5	investors. I also talk about building the right systems and processes that are repeatable and can help
0:45.8	you land good deals regardless of what market you're in or what macroeconomic conditions
0:51.1	change over the course of the year.
0:54.1	There's tons of great information,
0:55.4	there's tons of great tools that you can use
0:57.5	to build your portfolio, so you're definitely not
0:59.8	going to want to miss this webinar.
1:01.8	So that's it.
1:02.3	It's a great webinar, and I really think it's going to help you start taking
1:05.2	action towards your real estate goals in 2024. So with no further ado, let's jump into the webinar. We're going to be going through nine powerful tips that will help you do just that.
1:16.3	So first things first again, thank you for joining. You guys could be doing anything with this time,
1:21.3	but you're spending it here with me and this whole community of bigger pockets people trying to improve their financial
1:27.5	situation and that is really special it means that you're ready you're willing to take action on your goals for 2024, and that makes this the exact right place that you should be.
1:38.0	Congratulations on being here.
1:40.0	So let's just start with a question here and this might sound like some big hypothetical question but I'm actually asking you this right now.
1:48.0	Are you looking to make a change this year? Are you thinking about 2024 and hoping that you're going to buy perhaps
	...

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