Millennial Investing - The Investor’s Podcast Network

MI312: Start with Strategy w/ Dave Meyer

Dec 18, 2023

56:21

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Dave Meyer, VP of Data and Analytics at Bigger Pockets, discusses how picking the right strategy is key to real estate investment success. Topics include Dave's journey to financial independence, the early days of Bigger Pockets, and his thoughts on investing in today's market conditions.

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Episode notes

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Quick takeaways

Starting with a strategy is key to real estate investment success and aligns tactics with long-term vision.

Real estate investing is adaptable and accessible, allowing individuals to trade and combine resources with other investors.

Developing a clear strategy in real estate involves conducting a resource audit and aligning investment choices with long-term vision.

Deep dives

Importance of Knowing What You Want

Knowing what you want and being persistent about it is crucial when it comes to achieving financial goals. Many people lack a clear financial goal or a vision for their lifestyle, which hinders their progress. Having a clear idea of what you want to accomplish is essential for success. Starting with a strategy helps identify your goals and align your tactics and deals with your long-term vision.

Introduction

2min

From Moving to Amsterdam to Eating a 220-pound Hamburger

11min

Start with Strategy: Writing and Inspiration

7min

The Resource Triangle in Real Estate Investing

14min

Evolution of Investment Strategy

9min

Investment Strategies and Preferences

16min

Discussion about 'Start with Strategy' book and ways to purchase it

2min

Patrick Donley (@JPatrickDonley) sits down with Dave Meyer, VP of Data and Analytics at Bigger Pockets and author of the forthcoming book, Start with Strategy. They do a deep dive and discuss why picking the right strategy is key to your real estate investment success. You’ll also learn how Dave got into financial independence, what the early days of Bigger Pockets were like, and also Dave’s thoughts on where and what asset class he would be investing in given today’s market conditions.

Dave Meyer has spent his career working in the technology industry while also investing in real estate. In 2016, he took the opportunity to combine his professional passions for real estate and technology and joined BiggerPockets, where he now serves as the VP of Data and Analytics.

Dave has been a rental property investor in Colorado since 2010 and invests passively nationwide. He's also the host of the BiggerPockets On the Market podcast, which started in 2022 and is growing rapidly as a one-stop source for all things real estate analytics. Outside of work, he enjoys traveling, eating sandwiches, and being outside. He currently lives in Amsterdam, Netherlands.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro.

02:50 - How Dave was part of eating the world’s largest hamburger.

05:42 - Why studying abroad was the inspiration for moving to Amsterdam.

08:02 - How Dave got interested in personal finance and investing.

08:41 - How one of Dave’s first entrepreneurial ventures went.

14:04 - Why data analytics intrigued him.

21:22 - What the early days of Bigger Pockets was like.

27:20 - How the writing process for Start with Strategy went.

28:36 - Why investor’s need a guide to pick the right real estate strategy.

30:47 - What is the resource triangle.

34:58 - What Dave’s first real estate investment was and what he contributed to it and much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Dave Meyer’s book: Start with Strategy.
The Everything Guide to House Hacking by Robert Leonard.
The Lean Startup by Eric Ries.
Traction by Gino Wickman.
The One Thing by Gary Keller.
Real Estate by the Numbers by J Scott and Dave Meyer.
Real Estate Rookie by Ashley Kehr.
Wealth Without Cash by Pace Morby.
Check out all the books mentioned and discussed in our podcasts here.

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