You DON’T have to spend your entire life chasing financial independence. Play your cards right, and you may not even need a whole decade! With a little hard work and sacrifice, today’s guest became a millionaire (and financially free) in just SIX years!
Welcome back to the BiggerPockets Money podcast! After years of “drifting” through life and racking up bad debt, Eric had a moment when he realized he might not be able to rely on his W2 income for as long as he had hoped. Seeing the writing on the wall, he decided to get serious about achieving financial independence—buying rental properties, fixing them up, and eventually flipping them for a huge profit. One “home run” deal catapulted him toward his FI goal and a $1 million net worth!
If you dream of financial freedom but don’t want to spend your whole life getting there, this episode is for you! Eric offers some helpful advice for those who are looking to start their own FIRE journey—including why new investors should buy “grandpa’s house,” how to uncover “rare” real estate deals on the multiple listings service (MLS), and how to get the maximum return on a few years of sacrifice!
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In This Episode We Cover
- How Eric became a millionaire and reached financial independence in SIX years
- Why buying “grandpa’s house” is a cheat code for building wealth
- How to start fixing and flipping houses (and turn a HUGE profit!)
- How to find “rare” real estate deals on the multiple listings service (MLS)
- Building your real estate portfolio by using your profits to buy MORE properties
- And So Much More!
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Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.
