Episode #299

Want financial freedom? We’re not talking about buying yachts, private planes, or million-dollar sports cars. We mean REAL financial freedom. The freedom that lets you work where you want, when you want, and spend time with the ones that matter most, without having to worry about paying the bills or having enough in the bank to make ends meet. That’s what it means to be financially free. And today, we’re here to help you get even closer to achieving that dream.

While Tony and Ashley are living their financially free lives, Dave Meyer, VP of Data and Analytics at BiggerPockets and host of "On the Market," stopped by to give you the step-by-step guide to achieving financial freedom. In this episode, Dave will show you how to set goals for a financially free life, calculate your “freedom number,” choose a real estate market to invest in, find the right property, and analyze a real estate deal from scratch.

You DON’T need to be an investing expert to start your journey to financial freedom. Unlock the tools expert real estate investors use daily by becoming a BiggerPockets Pro member. Get 20% off your first year of Pro if you use code “FREEDOM23” at checkout and gain access to investment property calculators, lease documents, rent estimators, and more!

Sign Up Today: https://www.biggerpockets.com/membership-types?utm_source=owned_media

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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/lendermatch
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Try the BiggerPockets Rental Property Calculator on Your Next Property:
https://www.biggerpockets.com/rental-property-calculator?utm_source=owned_media
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Estimate Rent for ANY Property:
https://www.biggerpockets.com/insights/property-searches/new?utm_source=owned_media
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Sign Up for a BiggerPockets Bootcamp:
https://www.biggerpockets.com/blog/real-estate-investing-bootcamps?utm_source=youtube&utm_medium=description&utm_campaign=none
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Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts:
Spotify: https://open.spotify.com/show/2NlzZ9NtHtZ2uBuaDNoGzY
Apple Podcasts: https://podcasts.apple.com/us/podcast/on-the-market/id1615086704
BiggerPockets: https://www.biggerpockets.com/podcasts/on-the-market?utm_source=owned_media
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Watch Dave on the “On The Market” YouTube Channel:
https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA
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Connect with Dave on BiggerPockets:
https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow Dave on Instagram:
@thedatadeli or https://www.instagram.com/thedatadeli/

Show notes at: https://www.biggerpockets.com/blog/rookie-299?utm_source=youtube&utm_medium=description&utm_campaign=none


0:00 Intro

6:12 1. Know Your Financial Freedom Goal

11:50 2. Pick a Real Estate Market

22:01 3. Find the Right Properties

28:38 4. Analyze Rental Properties

39:08 LIVE Deal Analysis

57:45 Ready for Financial Freedom?