Episode #80 Eric Parrow

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Eric Parrow is a real estate investor and entrepreneur.

As the son of a missionary, he spent a decade of his childhood on the Spanish island of Tenerife, the largest of the seven Canary Islands, located off the coast of Morocco. When he was 14, they settled in Oklahoma, where he has lived ever since. Between the ages of 14 and 17, he assisted his parents in building their own home from a set of blueprints and a truckload of steel studs, purlins, c-channel, and other metal parts. He spent countless hours in the heat assembling the pieces with a screw gun, honing his skills in construction and rehab projects.

A few years later, he bought his own home and began his journey as a self-employed real estate investor.

After working for a decade in IT as a Network Admin, and Web and Graphics designer, he became a landlord at the end of 2008, just as the market was crashing, by converting his first home into a rental property. This allowed him to avoid losing equity and gain experience as a landlord. After nearly a decade of acquiring only one or two properties at a time “on the side”, he made a concerted effort to expand his business in 2015. However, he found a lack of strong cashflow producing deals in the Oklahoma City market, so he turned his attention to the Pensacola, Florida market.

In 2019, he refocused on the Oklahoma City Metro market and used a modified version of the BRRRR strategy to retire from his day job as an IT Network Administrator at a Toyota owned subsidiary in November of that year. He continued to push his goals, made it through 2020 and 2021 without a single eviction,more than doubled his holdings in 2021 and grew by 60% in 2022.

In this episode, we discussed his journey through life, real estate, investing, and building his freedom!

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