Learn how to navigate high interest rates, discover profitable deals, and implement winning strategies for long-term real estate wealth. In this episode, Andrew Brill interviews David Meyer, Head of Real Estate Investing at BiggerPockets, to uncover the secrets of real estate success in today’s economy.
This episode is sponsored by BetterHelp. Give online therapy a try at betterhelp.com/Wealthion and get on your way to being your best self.Timestamps:
00:00 - Introduction
01:08 - Dave Meyer's Background and Expertise
03:22 - Popularity of Real Estate Investing
05:41 - Real Estate as a Secondary Income
07:29 - How to Get Started in Real Estate
09:19 - Ensuring Positive Cash Flow
11:39 - Flipping vs. Holding Properties
14:19 - Passive Real Estate Investment Options
18:08 - Choosing the Right Markets
20:21 - Importance of Having a Team
21:49 - Dave's First Rental Property Experience
26:31 - Finding and Analyzing Deals Remotely
29:03 - Best Areas for Rental Properties
30:26 - Impact of High Interest Rates
32:24 - Managing Mortgage and Cash Flow
34:23 - Common Pitfalls in Real Estate Investing
36:33 - Strategies for Multiple Mortgages
38:33 - Setting Up LLCs for Real Estate
41:06 - Conclusion
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