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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!
28:34

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Leveraging other people's money (OPM) was crucial in Eric's journey, allowing him to enter real estate investment without personal funds.
  • FreeWild's focus on storytelling and intentional design enhances guest experiences, reinforcing the brand's dedication to mindfulness and quality.

Deep dives

The Power of Real Estate Investment

The speaker emphasizes the significance of real estate investment as a means to achieve financial independence. Inspired by 'Rich Dad Poor Dad', the speaker learned early on the importance of acquiring assets instead of liabilities. This foundational mindset enabled him to enter the real estate market at just 18 years old by leveraging his father's good credit to secure a mortgage. Through this experience in flipping houses, he began to understand the potential of using other people's money (OPM) to scale wealth rapidly.

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