5 • 1.1K Ratings
🗓️ 24 November 2023
⏱️ 56 minutes
🧾️ Download transcript
This week Josh is joined by Peter Eberhardt. Peter shares his story of how he used Uber driving before and after his 9-5 to help him gain access to the capital he needed to begin his real estate journey. He also discusses his desire for flexibility and why he still holds his W2, how he's found mentors along the way and more.
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| 0:00.0 | You're listening to the Creative Capital Podcast. You're dying to learn about how you can |
| 0:09.3 | create wealth through real estate investing, then you can come to the right place. |
| 0:13.0 | Join in every week as we go over the ends and outs of real estate investing |
| 0:18.0 | and learn how you two can become financially free. |
| 0:21.0 | When I tell people is that, hey, if you are overcome with analysis paralysis or you don't have any |
| 0:30.8 | money or you're not sure where you want to go all you have to do is focus on getting that first deal. |
| 0:38.0 | It doesn't matter what that deal is. It doesn't matter if it's a vanilla purchase on the market. It doesn't matter if you lose all your money if you take action and you learn something |
| 0:45.2 | the quicker that you can make six decisions I mean I try to make six decisions before someone makes their first decision and if those six decisions are wrong, well, hey, I'm still ahead because I can get to that seventh right decision a lot faster. |
| 1:00.0 | What's going on everybody? This is Josh Ferrari host of the Create Java podcast and what I really like about today's episode with Peter today is the fact that he started from very humble beginnings. |
| 1:19.4 | I think a lot of you out there are likely starting from humble beginnings. You likely don't already have a lot of money, you likely already don't have a lot of experience, you likely already don't have a lot of connections to other millionaires and other folks in the space. So you're starting from a position where you're really going to have to do a significant amount of work to change your inner circle, change the way you do life, change the way you invest, change everything in order to build this new lifestyle you're looking to build. |
| 1:44.7 | And so Peter came at this looking to do the exact same thing coming from being an |
| 1:48.9 | Uber driver coming from being a BMX racer to becoming a real estate success, having the chance to actually |
| 1:57.0 | invest in a couple of assets, getting very creative in the way he chose to actually execute |
| 2:01.1 | on the investments of these assets, quite literally all the way down to getting hit by a car and using the money from the lawsuit from him getting hit by the car to reinvest into his real estate. |
| 2:13.0 | I mean obviously that was not planned, but still, right, |
| 2:15.7 | creative in the way that he's able to execute |
| 2:18.8 | on sourcing the money to be able to turn this property around, turn his portfolio around and start making it truly, |
| 2:27.7 | truly cash flow, especially in today's market. And a lot of us probably struggling to find |
| 2:32.4 | deals right now, not Peter. |
| 2:34.0 | Peter's out there killing. So we get the chance to talk today to Peter about how he's able to actually do all those things. |
| 2:39.1 | We actually get to hear the story about how you got hit by the car. We get to hear some Uber stories. |
| 2:44.0 | Peter's a great guy. We have a lot of fun today and we talk about a lot of different |
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