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!
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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.
volunteer_activism 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.
question_answer 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.
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The Remarkable Power of Giving People More Than They Expect
Will Guidara
In 'Unreasonable Hospitality,' Will Guidara shares his experiences as the General Manager of Eleven Madison Park and The NoMad, highlighting the importance of hospitality in any business. The book emphasizes that simply offering a great product is not enough; organizations must also focus on creating authentic connections and memorable experiences for both customers and employees. Guidara provides practical advice on setting expectations, managing teams, and adapting to unexpected situations, all while maintaining a commitment to hospitality that goes beyond mere service. His approach is applicable across various industries, not just limited to restaurants and luxury businesses.
Rich Dad Poor Dad
What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not
C.P.A. Sharon L. Lechter
Robert Kiyosaki
The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money[1][3][5].
How do you build a $75,000 per month real estate business without having money of your own? In this episode, we dive into the inspiring journey of Eric Moeller, founder of Freewyld, who proves that you don’t need money to get started in real estate.
Eric shares how he leveraged other people’s money (OPM) and strategic borrowing to acquire properties and scale his unique cabin rental business. From flipping his first house at 18 to redefining the hospitality industry, Eric reveals his secrets to using storytelling, intentional design, and a strong company culture to build a thriving brand.
Whether you’re just starting out or ready to scale, this episode is packed with actionable insights to fuel your entrepreneurial growth.
Key Takeaways:
How reading Rich Dad Poor Dad inspired Eric to start using other people’s money (OPM) to invest.
The story of buying and flipping his first house at 18, showing that you don’t have to have money to get started.
Why borrowing money and working with investors is critical for scaling a real estate business.
Why unreasonable hospitality has built his brand.
How Airbnb serves as a key channel for driving bookings and profitability.
Why authenticity on social media helps build deeper connections with your audience.
The value of surrounding yourself with positive, growth-oriented people.
A step-by-step guide to setting measurable goals and staying accountable.
How success should push you to keep learning, growing, and aiming higher.
Ready to be your own boss without starting from scratch? Grab our FREE Franchise Guide and unlock the secrets of proven business models that have already created thousands of success stories.
For more insights to start, build, or grow a business, check out the resources on UpFlip.com or head to the UpFlip YouTube channel to see more interviews with business owners and experts.
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