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, Erichad 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 investorsshould 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!In This Episode We CoverHow Eric became a millionaire and reached financial independence in SIX yearsWhy buying “grandpa’s house” is a cheat code for building wealthHow 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 propertiesAnd So Much More!Links from the ShowBiggerPockets Money Facebook GroupNetwork with Other Investors on The Path to FIRE Through the BiggerPockets ForumsFinance Review Guest OnboardingJoin BiggerPockets for FREEMindy on BiggerPocketsScott on BiggePocketsListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Find an Investor-Friendly Agent in Your AreaFind Investor-Friendly LendersProperty Manager FinderGrab Your Copy of “The Book on Flipping Houses”BiggerPockets Money 516 - Jaspreet Singh: Getting Rich Slowly and Why Some People STAY BrokeBiggerPockets Money 481 - Building a $1 Million Net Worth in Only 3 Years by Investing in Real EstateConnect with Eric on BiggerPockets00:00 Intro01:22Millionaire in 6 Years!03:34 Buying “Grandpa’s House”09:04 Eric’s BIG Turning Point15:24 The Journey to $1 Million19:08 The “Home Run” Rental31:45 Moving to New Hampshire33:13 How to Reach FI36:13 Share Your Money Story!Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-530Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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