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

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

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