Hello and welcome to another episode of Passive Real Estate Investing. I'm your host, Marco Santarelli. Well, today we are going to talk a little bit about real estate strategy and my guest is a great guy who wrote a book just recently called Start With Strategy. It's all about real estate investing, creating your vision, mapping out what your strategy or strategies are when it comes to investing in the asset class of real estate. And it's a great book. He gets pretty granular in some of the stuff, which is the stuff I like. So you're very crystal clear on what it is you're trying to achieve, how you're gonna achieve it, the vehicles and the asset class, and the sub-asset class that you're gonna use in order to get there. And then how involved you want to be, like you want to be active, passive, semi-passive.

I mean, these are all considerations that you need to have. So we'll talk about, you know, the in real estate investing journey, the strategies, how to choose a market, picking a neighborhood, the importance of your strategy, assessing your risk tolerance. You know, what makes a best market, what makes a best neighborhood? And, and really there's no one answer to that. It's somewhat subjective. It really just depends on what is your vision and what is your strategy and how those play into that. And, you know, we'll talk a little bit about, you know, personal wealth and how to build that and the habits that you should have if you're a real estate investor, especially if you're starting out. So join me today with my guest, Dave Meyer, and let's explore strategy as it relates to real estate investing. Well, it is my honor to have Dave Meyer on the show.

Dave has spent his career working in technology and in the technology industry where he started investing in real estate. He has been a rental property investor from Colorado since 2010, and he invests passively nationwide. And it's pretty interesting 'cause we were just talking before, we were recording here today. He lives abroad and I'll let him tell you where he lives. It's pretty interesting. In 2016, he took the opportunity to combine his professional passions for real estate and technology. Joined Bigger Pockets where he now serves as the vice president of data and analytics. Sounds like my type of guy.

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Dave, welcome to the show.

Marco, thanks so much for joining me. I appreciate you having me on. Yeah,

No, it's great to have you on. You have a cool book coming out here very soon. In fact, by the time this airs, if not today, it's already available to to purchase. We're definitely gonna talk about that today. But before we get started, let's talk a little bit about you. Tell us a little bit about yourself in interestingly where you live.

. Yeah, well thank you for that nice introduction and bio. I started investing in real estate back in 20 20 10, right out of college. I was waiting tables and sort of unsure of what I wanted to do with my life, but a friend of mine started doing it and he made it seem kind of easy and seemed kind of fun. And so I was able to get in my first deal with a bunch of partners. Back then it was a fortuitous time to start trying to buy real estate and it worked really well. And so over the next couple of years I started to grow my portfolio and I just really liked it a lot. And even though I was working in technology, doing a lot of analytics, that kind of stuff I was always kind of pulled to real estate investing. And so when I found out about BiggerPockets and found out they were hiring for a job that I could qualify for, I applied, got that job and have been working there for about eight years. So it's been a long time, but about four years ago, my wife, her company got bought by a Dutch company and we got the opportunity to m...