Is Financial Freedom Dead? The Truth About Real Estate Investing…

The old ways of financial freedom are dead. Before, buying a rental or two and repeating the process for a few years was all you had to do to find financial independence and retire early, sipping fruity drinks on the beach without a worry in the world. But now, that's over. The days of easy passive income are gone, but a new path to wealth is beginning to emerge, one that will still lead you to millionaire status if you’re strong enough (and smart enough) to take it.

It’s the 900th episode of the "BiggerPockets Real Estate" podcast, and this is no ordinary show. We brought out the big guns this time. Brian Burke, J Scott, and Scott Trench, all time-tested investors, join us to share the truth about real estate investing in 2024 and answer the question we’re all thinking: “Is it still possible to reach financial freedom with real estate?”

But that’s not all. We’re getting their takes on whether or not to wait for lower mortgage rates with monthly payments still sky-high, which strategies are working for them in 2024, which investors will get burnt during this investing cycle, and what a new investor can start doing TODAY to become a millionaire in the next decade. Plus, they share why investors should be fearful now more than ever and why the get-rich-quick influencers are about to get the wake-up call of a lifetime.

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Books Mentioned in Today’s Show:
The Book on Flipping Houses: https://store.biggerpockets.com/products/the-book-on-flipping-houses?utm_source=owned_media
Real Estate by the Numbers: https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none
Pillars of Wealth: https://store.biggerpockets.com/products/pillars-of-wealth?utm_source=youtube&utm_medium=description&utm_campaign=none
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Past Episodes Mentioned in Today’s Show:
Scott Webinar: https://www.biggerpockets.com/blog/real-estate-q4-3?utm_source=youtube&utm_medium=description&utm_campaign=none
David Greene’s First Episode: https://www.biggerpockets.com/blog/2016-04-07-bp-podcast-169hustle-persistence-build-wealth-real-estate-david-greene?utm_source=youtube&utm_medium=description&utm_campaign=none
J’s First Episode: https://www.biggerpockets.com/blog/2013-03-21-flipping-houses-101-j-scott?utm_source=youtube&utm_medium=description&utm_campaign=none
Brian’s First Episode: https://www.biggerpockets.com/blog/2013-01-31-raising-money-getting-started?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Brian:
BiggerPockets: https://www.biggerpockets.com/users/cirrusav8or?utm_source=youtube&utm_medium=description&utm_campaign=none
Website: https://praxcap.com/
Instagram: @investorbrianburke or https://www.instagram.com/investorbrianburke/
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Connect with J:
BiggerPockets: https://www.biggerpockets.com/users/jasonscott?utm_source=youtube&utm_medium=description&utm_campaign=none
Website and Socials: https://jscott.com/
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Connect with Scott:
BiggerPockets: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @scott_trench or https://www.instagram.com/scott_trench/
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Connect with Dave:
BiggerPockets: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @thedatadeli or https://www.instagram.com/thedatadeli/
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Connect with David:
BiggerPockets: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/

Show notes at: https://link.chtbl.com/BPRE



00:00 Intro

01:09 Wait for Rates to Drop?

13:03 What's Making Money in 2024?

17:42 Investors Should Have FEAR

24:38 Real Estate CAN Hurt You

28:07 Is Financial Freedom Dead?

35:12 What New Investors Should Do NOW

40:48 Here's to 900 Episodes!