Episode #1,022 Get Banking Built for Landlords with Baselane: https://www.baselane.com/lp/bigger-pockets?utm_source=partner_biggerpockets&utm_medium=Social&utm_campaign=bp_social_youtube Episode Show Notes: https://link.chtbl.com/BPRE Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Invest Passively with Brian’s Book, “The Hands-Off Investor”: https://store.biggerpockets.com/products/the-hands-off-investor?utm_source=owned_media Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch See Dave and Mindy at BPCON2024 in Cancun! https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none Real Estate Isn’t Enough—Here’s How Three Pro Investors Diversify Their Portfolios: https://www.biggerpockets.com/blog/how-the-best-real-estate-investors-diversify-their-portfolios?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Brian: https://www.biggerpockets.com/users/cirrusav8or?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none Struggling to pick what to invest in, especially when real estate prices and mortgage rates are still so high? Many investors are sitting on the sidelines, saving cash for their first or next investment property, but nothing seems to work out. So what do you do, keep your money socked away or invest in other assets that aren’t real estate while waiting for the right time to pull the trigger? We know many of you are in this position, so today, we’re sharing what we’re investing in that ISN’T real estate. This may be a surprise, but even some of the most well-known investors in the BiggerPockets universe aren’t 100% in real estate. Dave Meyer, Brian Burke, and Mindy Jensen all don’t have even half of their net worths in real estate investments. As such respected real estate investors, what else are they putting their money into that ISN’T more rental properties? In this episode, you get to peek into our investment accounts as we share exactly what we’ve been investing in, how we diversify our investment portfolios, and the “riskier” assets we put our money into that you may not even know exist. So, if you’re struggling to buy real estate or just don’t think investment properties are for you, worry not; you can still build wealth without purchasing a property. 00:00 Intro 03:16 How Much Real Estate We Own 06:33 Allocating Your Cash 11:17 "Riskier" Investments 18:40 What Beginners Should Do 27:51 Diversifying Your Real Estate 35:32 Wait to Buy? 38:49 What We WANT to Invest In