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EP 184: Pivots and Passive Income - Part 1

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Manage episode 446386439 series 3493812
Contenu fourni par Michael McManus. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Michael McManus ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.

Today's special guest Eric Burns with our host Dr. Mike McManus shared their unique career journeys, highlighting the possibilities and challenges of making bold career pivots. They emphasize the critical role of passive income in achieving financial independence, particularly for professionals seeking a way out of the traditional grind.

The duo also examines the current landscape of real estate investments, unpacking the complexities of underwriting and selling properties. They discuss strategic approaches for navigating these challenges and the advantages of partnering with a capital raiser or operator in commercial real estate. As the episode wraps up, Eric inspires listeners—especially doctors—to pursue financial freedom through innovative investment strategies and expert guidance. Tune in for a blend of personal stories, actionable insights, and motivation to rethink your financial future!

What you’ll learn from this episode:

  • Career pivots and pathways.

  • Understand how surrounding oneself with ambitious and like-minded individuals can significantly impact success, particularly in real estate and entrepreneurial endeavors.

  • Discover the vital role of passive income streams in achieving financial freedom and alleviating burnout, especially for high-pressure professions like medicine.

  • Learn about the nuances of underwriting and selling real estate investments, as well as the advantages of partnering with experienced operators who practice conservative underwriting.

  • Flexibility and personal development.

About Eric Burns

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. Like many, Eric started his real estate investment career in the residential space and expanded into the commercial arena. His first property was a student housing rental in 2016, while he was still active with the Cincinnati Fire Department. Later, he expanded into renovations, and eventually, after many years of growth, education, and “failing forward”, Eric found himself in the commercial space.
Connect with Eric

What to anticipate soon, stay tuned!

  • Upcoming FREE Webinar
  • Facebook Live: "Ask Me Anything" an interactive 30-minute question and answer session on a weekend morning coffee
  • The Fortress Capital Investors Club Launch

Connect with us

If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at welcome@thefortresscapital.com | TheFortressCapital.com

  continue reading

191 episodes

Artwork
iconPartager
 
Manage episode 446386439 series 3493812
Contenu fourni par Michael McManus. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Michael McManus ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.

Today's special guest Eric Burns with our host Dr. Mike McManus shared their unique career journeys, highlighting the possibilities and challenges of making bold career pivots. They emphasize the critical role of passive income in achieving financial independence, particularly for professionals seeking a way out of the traditional grind.

The duo also examines the current landscape of real estate investments, unpacking the complexities of underwriting and selling properties. They discuss strategic approaches for navigating these challenges and the advantages of partnering with a capital raiser or operator in commercial real estate. As the episode wraps up, Eric inspires listeners—especially doctors—to pursue financial freedom through innovative investment strategies and expert guidance. Tune in for a blend of personal stories, actionable insights, and motivation to rethink your financial future!

What you’ll learn from this episode:

  • Career pivots and pathways.

  • Understand how surrounding oneself with ambitious and like-minded individuals can significantly impact success, particularly in real estate and entrepreneurial endeavors.

  • Discover the vital role of passive income streams in achieving financial freedom and alleviating burnout, especially for high-pressure professions like medicine.

  • Learn about the nuances of underwriting and selling real estate investments, as well as the advantages of partnering with experienced operators who practice conservative underwriting.

  • Flexibility and personal development.

About Eric Burns

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. Like many, Eric started his real estate investment career in the residential space and expanded into the commercial arena. His first property was a student housing rental in 2016, while he was still active with the Cincinnati Fire Department. Later, he expanded into renovations, and eventually, after many years of growth, education, and “failing forward”, Eric found himself in the commercial space.
Connect with Eric

What to anticipate soon, stay tuned!

  • Upcoming FREE Webinar
  • Facebook Live: "Ask Me Anything" an interactive 30-minute question and answer session on a weekend morning coffee
  • The Fortress Capital Investors Club Launch

Connect with us

If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at welcome@thefortresscapital.com | TheFortressCapital.com

  continue reading

191 episodes

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