Buying One Property Changed My Life: 7 Years Later, I’M Financially Free | Bigger Pockets Video

Episode #1180

Baselane: Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus!
link

Episode Show Notes:
link

Join BiggerPockets for FREE 👇
link

Let Us Know What You Thought of the Show!
link

Grab the Book on _Long-Distance Real Estate Investing_:
link

Sign Up for the BiggerPockets Real Estate Newsletter:
link

Find Investor-Friendly Lenders:
link

What is the BRRRR Method & How to Use it to Invest in Real Estate:
link

Connect with Peter:
link

Connect with Dave:
link

Have zero experience in real estate investing (literally no idea where to begin)? This guest proves you could be financially free in ten years or less if you start today.

Just a decade ago, Peter Fife was broke, working a dead-end job, and never thought about investment properties. He had such little money that when a book on investing piqued his interest, he would sit in a bookshop reading it, but never buying it. His brother, who had some money but bad credit, asked Peter to use his credit to fund a renovation on a triplex. Both had no idea what they were getting into—essentially a second job after their nine-to-fives, painting, replacing floors, scrubbing walls.

The profit from the first deal? Close to a six-figure check, replacing Peter’s income. He then did his spin on the BRRRR method—buying, renovating, reinvesting, and repeating—quitting his job with just two properties.

Now, less than a decade later, he’s financially free with enough passive income to support him and his wife. He took some huge risks, including selling everything he worked for to buy one really run-down property. The gamble worked out, and he’s still using the same formula today!

You don’t need experience to start investing, just follow Peter’s framework!