When Dave Meyer graduated in 2009, the job market was bleak. Inspired by a friend who found success buying a single-family home, he decided to give real estate a shot. Although Dave was unable to qualify for a loan on his waiter’s salary, he managed to secure his first property using creative financing. He continued to spend his spare time managing his properties until his tech startup failed in 2016. At that point, he decided to focus on real estate, combining his experience with his data science skills to build a thriving career at real estate platform, BiggerPockets. In this episode, Dave explains how anyone can start and scale a real estate portfolio. He also shares tips and strategies to navigate today’s housing market.

In this episode, Hala and Dave will discuss: 

(00:00) Introduction to Real Estate Investing

(01:52) Why Real Estate is a Smart Investment

(05:50 Understanding Cash on Cash Return

(06:29) Real Estate as Entrepreneurship

(07:40) Dave's Real Estate Journey

(18:29) Managing Real Estate Investments

(25:59) Economic Considerations in Real Estate

(29:32) Understanding Depreciation and Tax Benefits

(32:31) Exploring Hot Real Estate Markets

(34:14) Overcoming Real Estate Investment Fears

(37:35) Quick Fire: Pros and Cons of Different Deal Types

(41:39) The Appeal of Commercial Real Estate

(44:03) Development and Lending in Real Estate

(48:43) Final Thoughts and Advice for Aspiring Investors

Dave Meyer is a seasoned real estate investor and the Vice President of Data and Analytics at BiggerPockets. With more than 14 years of experience, he has grown a thriving real estate portfolio, starting with a fourplex he bought at age 23. Dave has authored notable books like Real Estate by the Numbers and Start with Strategy, where he combines his analytical expertise with actionable advice for investors. As the host of two popular podcasts, On the Market and the BiggerPockets Real Estate Podcast, Dave educates listeners on smart investing strategies. Known for developing tools like the Market Finder, he has made data-driven decision-making more accessible for investors.

Resources Mentioned:

Dave’s Books:

Start with Strategy: Craft Your Personal Real Estate Portfolio for Lasting Financial Freedom: amzn.to/3ZLMG6e 

Real Estate by the Numbers: A Complete Reference Guide to Deal Analysis, written with J Scott: amzn.to/4fo4BFY 

BiggerPockets: biggerpockets.com  

On the Market Podcast: youngandprofiting.co/3OZKWS5  

BiggerPockets Real Estate Podcast: apple.co/4fpTZGo 

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Transcripts - youngandprofiting.com/episodes-new 

All Show Keywords: Entrepreneurship, entrepreneurship podcast, Business, Business podcast, Self Improvement, Self-Improvement, Personal development, Starting a business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side hustle, Startup, mental health, Career, Leadership, Mindset, Health, Growth mindset. 

Finance 

Finance, Financial, Personal Finance, Wealth, Stock Market, Scalability, Investment, Financial Freedom, Risk Management, Financial Planning, Business Coaching, Finance podcast, Investing, Saving,