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#57 - Harnessing the Entrepreneurial Spirit in Real Estate with Eric Burns
Manage episode 444739540 series 3511422
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In this episode of Path to Passive, we sit down with Eric Burns to discuss his unexpected journey into real estate and how it shaped his approach to investing. Eric shares how a “sweat equity” project on his first rental property opened the door to a deeper understanding of real estate. He also emphasizes the importance of building passive income streams and advises young investors to jump in, even if they don’t have everything figured out. Throughout the conversation, Eric encourages entrepreneurs to focus on future success and make calculated moves to set themselves up for long-term wealth and financial freedom. Tune in for insights on investing, entrepreneurship, and living life bullishly!
Eric Burns is a Cincinnati-based entrepreneur. His journey has taken him from being a finance major to a Cincinnati Firefighter to a residential real estate investor and flipper to finally landing in commercial real estate. He values his journey and believes in the entrepreneurial spirit.
His message to fellow entrepreneurs is simple: STOP TRADING YOUR TIME FOR MONEY and LIVE LIFE BULLISH.
Eric considers himself a life-long learner. He believes in the entrepreneurial spirit and understands the realities of that life path. His greatest strengths include curiosity, personal accountability, and resilience.
Real estate investing is truly a labor of love for Eric, but he also thoroughly enjoys fly fishing, traveling, and his Labrador Retriever, Baron.
Reach out:
Web: https://flowerscapital.com/
LinkedIn: https://www.linkedin.com/in/eric-burns-72b6344/
Episode highlights:
(0:00) Intro
(1:12) Eric's accidental journey into real estate
(3:16) Lessons learned from sweat equity projects
(5:04) The shift to multifamily and commercial real estate
(12:21) Importance of good operators in real estate investing
(25:40) The need for entrepreneurs to focus on passive income
(27:26) The power of failing forward and learning from mistakes
(42:55) Eric’s advice for new real estate investors
(52:17) Eric’s mantra: Live Life Bullish
(54:21) Outro
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For more resources and guides, check these out:
- Investor 101 https://www.aritacapital.com/investor-101-resource/#
- Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/
If you want to learn more, reach out at:
Email: steven@aritacapital.com
LinkedIn: https://www.linkedin.com/in/aritasteven/
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