What sets apart your everyday real estate investor from an investing expert? While novice investors are focused on cash flow only, veteran landlords focus on something worth much, much more. Thankfully, even if you’re just getting started on your investing journey, you don’t have to go through the hard work that experts like Dave Meyer and J Scott went through. Instead, you can hear their time-tested advice today, and grab their new book "Real Estate by the Numbers"! J, a techie turned master flipper has written numerous books on estimating rehab costs, calculating real estate deals, and recession-proof investing. Dave, our VP of Data and Analytics and host of On the Market, has been head-down in housing market data for the past decade. These two real estate investing juggernauts combined their knowledge to write a book that lets every investor, no matter their skill level, find better deals, calculate profits smarter, and build wealth faster. In this episode, we talk about calculating cash flow, ROI, and other metrics that may, or may not, matter as much as you’d think. You’ll hear how these two experts use much more than the numbers to define which deals are worth buying. After this episode, you may look at your portfolio differently, or even think about selling some of the properties you thought were “winners” before! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Grab the New Book, “Real Estate by the Numbers” and Use Code “DAVE” or “JSCOTT” for 10% Off: https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Listen to 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 ~~~~ Try the BiggerPockets Calculators: https://www.biggerpockets.com/rental-property-calculator?utm_source=owned_media ~~~~ Connect with J: BiggerPockets: https://www.biggerpockets.com/users/jasonscott?utm_source=youtube&utm_medium=description&utm_campaign=none Website: https://linktr.ee/jscottinvestor ~~~~ 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/ ~~~~ Connect with Rob (Robuilt) on YouTube, Instagram, TikTok, and Twitter: YouTube: https://www.youtube.com/c/Robuilt Instagram: https://www.instagram.com/robuilt/ TikTok: https://www.tiktok.com/@robuilto Twitter: https://www.twitter.com/robuiltchannel ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow David on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ Episode 673 Show notes at: https://www.biggerpockets.com/blog/real-estate-673?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 02:39 Quick Tip 03:25 Getting into Investing 05:21 Real Estate by the Numbers 09:44 Not Every Deal is the Same 22:09 More Than Just Cash Flow 35:18 Banking On Bonus Depreciation 41:54 How to Think Like an Investor 46:54 The Intangibles of Investing 58:07 Using More Than Metrics 01:16:36 Grab the Book! #biggerpockets #realestatepodcast #episode673