The UpFlip Podcast

171. How to Build Your Real Estate Portfolio with Other People’s Money

Jan 20, 2025
Eric Moeller, founder of FreeWyld, a unique cabin rental company, shares his incredible journey in real estate. He reveals how he built a $75,000 monthly income without using his own money by leveraging other people's investments. Eric discusses the pivotal influence of 'Rich Dad Poor Dad' on his approach, his first house flip at 18, and the power of storytelling in branding. He emphasizes the importance of community and authenticity on social media, while advocating for sustainable growth over rapid scaling. This is a must-listen for aspiring entrepreneurs!
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ANECDOTE

First Flip at 18

  • Eric Moeller was inspired by "Rich Dad Poor Dad" to pursue real estate, flipping his first house at 18.
  • Leveraging his father's credit, he bought a fixer-upper, renovated it while working as a carpenter, and profited.
ADVICE

Focus on Assets

  • Focus on acquiring assets that generate income, even while you're not actively working.
  • Differentiate between assets and liabilities to build long-term wealth.
ANECDOTE

Leveraging OPM

  • Eric Moeller's Freewyld project required significant capital, leading him to seek investors.
  • He believes in leveraging other people’s money (OPM) for faster asset scaling and generational wealth building.
Get the Snipd Podcast app to discover more snips from this episode
Get the app