From BMX Champion to Real Estate Investing with Peter Eberhardt

The Very Real Estate Effect Investing in Quebec

In this episode, Axel engages in a conversation with Peter Eberhardt, a former BMX racer turned real estate investor from California.

Peter's journey began in pursuit of BMX dreams, leading to real estate due to high living costs. He discovered 'house hacking,' embraced FHA support, and found mentorship transformative.

His story highlights creating property value, leveraging FHA benefits, and adopting strategic thinking in real estate. Peter emphasizes mentorship's power, unexpected project challenges, and real estate's potential for all, regardless of background.

Tune in to discover Peter's comprehensive insights on navigating real estate investments, leveraging opportunities, and the transformative power of mentorship in the real estate landscape.

What you will learn if you listen to the episode:

• Peter's transition from BMX racing to real estate investing

• Discovering 'house hacking' as a way to reduce living expenses

• Realizing the potential of real estate through a neighbor's property sale

• Utilizing Federal Housing Administration (FHA) support for real estate investments

• Insights into FHA's benefits and homeownership assistance

• Experiences with property purchases and challenges faced during the COVID era

• Renovation endeavors and unexpected project complexities

• The concept of creating value between purchase and property appreciation

• Insights into property value and financial returns post-renovation

• Peter's decision to retain a property and its worthiness for investment

• The transformative impact of attending real estate meetups and meeting influential mentors

• Understanding the accessibility of real estate investing regardless of background

• Personal growth, financial learnings, and transitioning to work on the business rather than in it

• The mindset shift and the importance of courage, faith, and hard work in real estate success.

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Timestamps

• 🏡 Peter's journey from BMX into real estate (02:28)
• 🏢 Acquiring a fourplex (07:47)
• 💰 Creating value between purchase and property appreciation (14:00)
• 🤝 The importance of attending meetups and connecting (18:10)
• 🔍 Peter’s as a real estate investor today (25:57)

Mentioned resources:

Bigger Pockets - https://www.biggerpockets.com/

Connect with Axel Monsaingeon:

Linkedin - https://www.linkedin.com/in/axel-monsaingeon-42577b28/

Real Estate Effect Web - https://www.realestateeffect.ca/

Facebook - https://www.facebook.com/realestateeffect/

Instagram - https://www.instagram.com/veryrealestateeffect/

Youtube - https://www.youtube.com/channel/UCc8EYrmO1aVvVIgwT7AfNFw

Connect with Peter Eberhardt:

Instagram - https://www.instagram.com/petereberhardt/

Linkedin - https://www.linkedin.com/in/peter-eberhardt-6a0656140/