How to Overcome High Interest Rates in Real Estate | Dave Meyer

Wealthion - Be Financially Resilient

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