BP Interview: How a Passion for Financial Freedom & World Travel Motivates Us to Invest

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When most people hear the words “real estate investor,” they imagine tailored suits, private jets, and weekend trips to exotic, faraway places. While the reality is that most investors’ lives involve less Dom Perignon than the stereotypes might suggest, these two investors really are using the promise of world travel to fuel their real estate journey.

In our latest interview, we sit down with Fort Walton Beach, FL investors Arianne and Chris Lemire to talk about how real estate has changed their lives and what day-to-day activities they’re performing to help build their portfolio. Relatively new to the scene, Arianne and Chris started investing last year when they realized that their 9 to 5 jobs wouldn’t be able to provide them with the lifestyle they sought. They began buying rentals using the BRRRR method and have now branched out to flipping homes as well.

Related: How to Travel Hack Your Way Through a Flip (& See the World For Free!)

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How Real Estate Can Empower the Freedom to Travel

Arianne and Chris knew real estate could be a great way to build wealth — but the idea never really stuck until they developed their “why” — to earn the freedom passive income provides and to have the ability to travel to see family located as far away as New Zealand, Australia, and the Philippines. While they’re still on their journey to full financial independence, they’ve come a long way, and their everyday lives have already changed dramatically.

If your goal is to stop relying on a W2 income, to travel the world, or simply to have the freedom to choose what your workday looks like, then hit PLAY and listen to this interview. We hope you pick up a few tips and get motivated to take action!

The Deals: Pictures & Numbers

Deal #1

We started out in our real estate investing adventure at the end of 2015, thinking that we would just keep buying rentals. If you told us last year that we would be flipping houses, we would have said you were crazy! We bought a couple of rentals using the BRRRR method. Then, a good deal came up that could be a rental or flip, but really a better flip. We thought that we would try to rehab and flip it and see how we liked that part of RE investing. Here are some before and after pictures of the property. Definitely a lot of first time mistakes here. But we learned A LOT and should make a decent profit.”

Pictures

Master Bedroom Before

Master Bedroom Before

Master Bedroom After

Master Bedroom After

Living Room Before

Living Room Before

Living Room After

Living Room After

Kitchen Before

Kitchen Before

kitchen_after_2

Kitchen After

Exterior Before

Exterior Before

Exterior After

Exterior After

Numbers

The property is currently under contract at $179,900

  • Purchase price: $77,500
  • Repairs: $48,600
  • Closing costs: $6,000
  • Commissions: $4,850 (waived listing commission)
  • Holding costs: $5,470
  • Sale price (under contract): $179,900

Projected profit: $37,480

Deal #2

“This is a much bigger project than our first and includes opening up the floor plan, changing the wiring to copper and a complete kitchen and bath remodels. We’ve learned a lot already, and we’re only 25% in. We’re pretty excited about it and will definitely post about it on BP when it’s done.”

Pictures

kitchen_before

Kitchen Before

dining_before

Dining Room Before

demo_2

Demolition

demo_1

Demolition

In Their Free Time

Kayaking

Kayaking

Arianne's side NZ

Visiting Family in New Zealand

Investors: What’s your “why”? What do you plan on doing with the freedom real estate investing provides?

Let us know what you think with a comment!

About Author

Allison Leung

A career writer, editor and blogger, Allison serves as the Lead Editor and Community Manager for BiggerPockets.com. In the past, she has channeled her passion and curiosity for all things real estate into her jobs by working in real estate law and heading a blog about real estate market trends. Don’t ask about her dog, Ace, unless you want to see approximately 500 photos of his (adorable) face.

8 Comments

  1. Abner Kuyokwa

    This is one of the best of the best post ever, its nicely written with pictures and cashflow figures analysis to back it up.
    Its very educative thanks for sharing your experience and hope to hear more from you on your progress.
    Thanks…

  2. I actually grew up in Fort Walton Beach and conduct my “buy and hold” business a few miles from their location. I’m happy to see such a young couple get started in the RE business…congratulations!

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