Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Dave Meyer

Dave Meyer has started 35 posts and replied 195 times.

Post: Should I make my girlfriend sign a lease?

Dave Meyer
Posted
  • Head of Real Estate Investing at BiggerPockets
  • Seattle, WA
  • Posts 217
  • Votes 802

Going into the same situation with my GF next week. I am not going to ask her to sign a lease, but I thought a lot about the financial part of this so just figured I'd share our arrangement for anyone else encountering this situation: 

NO LEASE! We are splitting the cost of the mortgage 50/50, since that is what it would be like if we were renting together (and we're living in a more desirable place than we could afford if we were renting). I will be paying the taxes, insurance, and any repairs, since all of the equity is mine. We both feel this is fair, but curious what the community thinks. 

I will also make sure to call her my tenant and threaten to withhold her security deposit for just about anything she does whenever friends are around, just cause I really like annoying her. 

Post: Want to know the best way to build your real estate network?

Dave Meyer
Posted
  • Head of Real Estate Investing at BiggerPockets
  • Seattle, WA
  • Posts 217
  • Votes 802

Glad to hear people like the study!  I got a lot of colleague requests and profit hits from this post, so I'm glad my finding proved true. Stay tuned for more! 

Post: Want to know the best way to build your real estate network?

Dave Meyer
Posted
  • Head of Real Estate Investing at BiggerPockets
  • Seattle, WA
  • Posts 217
  • Votes 802

No matter how you’re involved in real estate investing, I’d venture a guess that one of your main goals on BiggerPockets is networking. I know this is true because one of the most common questions we get at BiggerPockets is, “How can I make more connections on BiggerPockets?”

Well lucky for you, there is a simple answer: Post frequently on the forums.

There are dozens of ways to connect with people on BP, but I ran the numbers and the results are clear. People who post on the forums most frequently have the most profile views, and the most colleagues.

That makes sense, right? It doesn’t take a numbers whiz to see the connection: if you post, and build a reputation as a helpful and knowledgeable member of the community, people are going to want to connect with you.

And connections mean more deals seen, partners identified, and clients secured. A.K.A more money.

Still not convinced? Here’s some statistical nerdery to backup my claims:

I grabbed data for the 1,000 most-visited profiles on BiggerPockets. I then looked at correlations between profile views and forum posts, post votes, and number of colleagues. But before we get into that, a quick refresher on correlation in case you haven’t kept up on your stats knowledge since high school.

Here is the dictionary definition of correlation: a relation existing between phenomena or things or between mathematical or statistical variables which tend to vary, be associated, or occur together in a way not expected on the basis of chance alone.

In english? We’re measuring how changes in one variable affect changes in a second variable. So in our case: how does posting on the forums influence the number of profile views, or number of colleagues a member has?

And the reason stats nerds like me love correlation is that it is unit-agnostic. It tests the strength of a relationship between two variables, no matter if you’re measuring inches, pounds, housing prices, or forum votes. It’s a handy little tool.

I won’t bore you with the math to derive correlations, but I will explain a bit on how to interpret them. First, correlations are always a number between -1 and 1.

As you can see in the graphic above, a correlation of 0 means there is no linear relationship between the two variables (a change in variable A has no effect on variable B). A correlation of -1 means there is a very strong correlation, but the relationship is negative (one variables goes up, the other goes down). Lastly, a correlation of 1 means a strong positive relationship (both variables move together in the same direction).

So, back to how to make more connections on BiggerPockets. I ran a correlation matrix for the four variables: posts_count, profile_hits, votes_received, and colleague_count. Here are the results.

For our purposes we really just want to look at the numbers in BOLD right now.

profile_hitsposts_countvotes_receivedcolleague_count
profile_hits1.00
posts_count0.671.00
votes_received0.710.871.00
colleague_count0.700.540.491.00

Now that you’re an expert in correlations, we can see how strong these relationships are. 

As you can see the correlation between posts and profile hits is .67, a really strong positive relationship! This means that the more posts you have the more times people will look at your profile.

The correlation between votes and profile hits is even stronger, at .71. Meaning that if you write such great forum posts that people vote for you, you’re even more likely to get profile hits.

But what good is a profile view without a connection? Well, the correlation between profile hits and colleague count is .70, also really strong. More profile hits means more colleagues.

So in short: more posts = more profile views = more colleagues.

I also did some regression analysis, which I can’t explain in a single forum post, but trust me, it’s really cool. What I discovered is that 50% of your colleague count can be attributed to the number of forum posts you have. That’s crazy! There are tons of variables that contribute to how many colleagues you have, but one variable reigns supreme: forum posts.

Posting on the forums is the single best way to build your network on BiggerPockets.

So you want to make more real estate connections, find partners, and make more deals? POST!

Stay tuned for a follow up post on the monetary value of BP connections! 

If you have any questions about posting, correlations, statistical nerdery, or have some ideas for other data studies we should run, let me know! 

Post: Any Other 20-Something Landlords in Denver, CO?

Dave Meyer
Posted
  • Head of Real Estate Investing at BiggerPockets
  • Seattle, WA
  • Posts 217
  • Votes 802

Hey Scott, 

I am a 28 year old part-time landlord. I own a 4-unit, and 3-unit I am house hacking. For my full time job, I work for BiggerPockets, so you may know me...cause we share an office, and all that. 

But in all seriousness, this is a great forum. Looking forward to connecting with all of you! 

Post: 10 Million Views of the BiggerPockets Marketplace

Dave Meyer
Posted
  • Head of Real Estate Investing at BiggerPockets
  • Seattle, WA
  • Posts 217
  • Votes 802

Thanks everyone for the feedback and input. 

There are tons of BP members looking for deals (it's probably the most common thing I hear from members) and clearly they're looking in the marketplace!  Hopefully once members with deals to offer see how many people are looking at the marketplace, they'll start posting more and the deal flow will accelerate. I want more deals too! 

Post: 10 Million Views of the BiggerPockets Marketplace

Dave Meyer
Posted
  • Head of Real Estate Investing at BiggerPockets
  • Seattle, WA
  • Posts 217
  • Votes 802

Hello BiggerPockets!

As the newest member of the BiggerPockets team, a real estate investor, and data enthusiast, I’ve been spending a lot of time pouring over information about how our members use BiggerPockets. The following was pretty eye opening and speaks to the value of the marketing opportunity available on our site:

Posts on the BiggerPockets Marketplace were viewed over 10 MILLION TIMES in the last year.

Crazy.

And not just that – the average visitor views 12 pages in the Marketplace per visit.

We get a lot of traffic and engagement at BP, but this really stood out, and I want members to know what a great asset the Marketplace can be as you grow your business.

If you’re not familiar with the Marketplace, it is where you can share and search for investment opportunities, deals, and properties, post and look for jobs, and offer any other services to help BiggerPockets member grow their real estate businesses. It’s the transactional side of BiggerPockets.

I use it all the time to look for new buy and hold deals and contractors around Denver, but there are limitless ways to use it. So go check it out!

I look forward to seeing you in the Marketplace, and as always, please let us know if you have any questions. See below for a couple tips on posting in the marketplace. 

Tips for Posting in the Marketplace:

By the way, here are some tips for getting better results from your marketplace postings:

  1. If you are posting a property, provide details! Photos, location, PRICE, and other pertinent information that any prospective homebuyer would obviously want in a listing should be included.
  2. Do NOT poach other people’s marketplace posts. Their marketplace post is not the correct place to start talking about YOUR property, offer, listing, or financing solution

Fill up your post with keywords! If you are posting in Denver, make sure to include keywords like “Denver” “CO” “Colorado” and perhaps even specific neighborhoods that the property is in and that surround the property.

Post: Higher ROI in South America

Dave Meyer
Posted
  • Head of Real Estate Investing at BiggerPockets
  • Seattle, WA
  • Posts 217
  • Votes 802

@George GammonI visited Medellin about a year ago and fell in love. I have friends moving there,and would love to learn more about investing. If you find any deals, or have any detailed informations on properties please send them my way! 

Post: If you wish you had one skill....

Dave Meyer
Posted
  • Head of Real Estate Investing at BiggerPockets
  • Seattle, WA
  • Posts 217
  • Votes 802

Awesome question! I've been a landlord for 6+ years and have been learning a lot by necessity. I've gotten a solid handle on plumbing, electrical, some HVAC, pouring concrete - almost everything - just by studying what goes wrong in my houses and asking contractors when forced to hire them. They're usually very willing to help you learn how to handle the small stuff, so you call them when something REALLY goes wrong. It's amazing what you can learn when you have to! 

I do wish I was more confident with carpentry. I do some small stuff, but I have some balconies and raised patios I am too scared to touch. I've spent a lot of money hiring people to help with those projects.

Post: Tenant Screening - Property Mgr says they owe back rent.

Dave Meyer
Posted
  • Head of Real Estate Investing at BiggerPockets
  • Seattle, WA
  • Posts 217
  • Votes 802

Reject! Not worth the risk. 

Post: Does 20% Down in Colorado Exist?

Dave Meyer
Posted
  • Head of Real Estate Investing at BiggerPockets
  • Seattle, WA
  • Posts 217
  • Votes 802

I've been able to get 20% down, but I am owner-occupied. I live in one of the 4 units on the property as my primary (and only) residence. For my other properties, it was 25% down.