900: The Truth About Real Estate Investing in 2024 (What Investors NEED to Know) w/Brian Burke, J Scott, and Scott Trench

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 23 February 2024

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

The old ways of financial freedom are gone. Before, buying a rental or two and repeating the process for a few years was all you had to do to find financial independence and retire early, sipping fruity drinks on the beach without a worry in the world. But now, that's over. The days of easy passive income are gone, but a new path to wealth is beginning to emerge, one that will still lead you to millionaire status if you’re strong enough (and smart enough) to take it. It’s the 900th episode of the BiggerPockets Real Estate podcast, and this is no ordinary show. We brought out the big guns this time. Brian Burke, J Scott, and Scott Trench, all time-tested investors, join us to share the truth about real estate investing in 2024 and answer the question we’re all thinking: “Is it still possible to reach financial freedom with real estate?” But that’s not all. We’re getting their takes on whether or not to wait for lower mortgage rates with monthly payments still sky-high, which strategies are working for them in 2024, which investors will get burnt during this investing cycle, and what a new investor can start doing TODAY to become a millionaire in the next decade. Plus, they share why investors should be fearful now more than ever and why the get-rich-quick influencers are about to get the wake-up call of a lifetime. In This Episode We Cover: Whether or not financial freedom is still achievable through real estate in 2024 Why waiting for mortgage rates to drop might not be the best move to make Investing strategies that are making money RIGHT NOW (and which to avoid) Why investors MUST have more “fear” if they want to survive in this market The slow, steady path to building wealth with real estate (this WORKS in 2024) What new investors should do RIGHT NOW if they want to get in the game 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 Join BiggerPockets for FREE 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 Grab Dave’s New Book, “Real Estate by the Numbers” Hear James on The “On the Market” Podcast David's BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram BiggerPockets' Instagram Past Episodes Mentioned in Today’s Show: Scott Webinar David Greene’s First Episode J’s First Episode Brian’s First Episode Books Mentioned in the Show The Book on Flipping Houses by J Scott Real Estate by the Numbers by J Scott and Dave Meyer Pillars of Wealth by David Greene Connect with Brian: Brian's BiggerPockets Profile Brian's Website Brian's Instagram Connect with J: J's BiggerPockets Profile J's Website and Socials Connect with Scott: Scott's BiggerPockets Profile Scott's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-900 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	This is the Bigger Pocket Podcast Show.
0:03.0	900!
0:05.0	What's going on everyone?
0:06.5	This is David Green, you are host of the Bigger Pocket's Real Estate
0:09.2	podcast.
0:10.2	And I'm here today with Dave Meyer joining me to co-host this momentous episode in Bigger Pockets history.
0:16.5	Well, thank you. I'm so excited to be here for this huge milestone.
0:20.0	And in order to celebrate, we have something special cooked up. We've been working on for quite a while here at Bigger Pockets.
0:26.0	We are bringing on three of our most beloved and seasons Bigger Pockets investors.
0:32.0	These are people who have been around the Bigger Pockets investors. These are people who have been around the Bigger
0:34.2	Pocket's community for a long time and we're going to ask them some of the most
0:38.4	burning important questions about the housing market. These are questions like
0:42.0	Is now a good time to buy or should you wait
0:44.8	for rates to drop?
0:46.3	What strategies work in today's market
0:48.3	and is real estate still a tool to help you reach financial freedom. We're going to get into this plus
0:54.3	actionable practical advice that these season vets have for anyone who's trying to
0:58.8	get started today. That's right. We have Jay Scott. We have Brian Burke. We have Scott Trench and we have Dave and Dave all in today's episode. So let's get into it.
1:09.0	All right, let's start with the question that is on the forefront of everybody's mind should investors wait for
1:14.5	rates to come down before they start to buy who would like to take a stab at this
1:19.1	one I say give it to Jay that way I can disagree with him.
1:21.9	All right we'll go there and then we'll let Scott Phil in afterwards. Jay, what do you think?
	...

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