Understanding Passive Investing in Commercial Real Estate with Eric Burns

Eric Burns, the founder of Flowers Capital, breaks down the world of commercial real estate capital raising. He talks about how he brings together investor funds to help acquire large apartment complexes.

We talk about Eric's unique career journey, which has taken him from studying finance to serving as a firefighter, and finally to becoming a successful entrepreneur in real estate investment.

Eric shares how he made a significant shift from managing single-family rentals to exploring the bigger opportunities in commercial properties. This change was inspired by his goal of creating scalable, passive income. He also offers valuable insights into the current real estate market, highlighting the importance of understanding what drives investors, especially during uncertain economic times.

Whether you're looking to break into real estate investing or want to refine your strategies for raising capital and building partnerships, this episode is a valuable resource filled with practical advice and rich experiences from Eric's career.

Takeaways:

• Eric Burns transitioned from a career in firefighting to real estate investing, illustrating the potential for career pivots in pursuit of personal passion.
• He emphasizes the importance of accountability in personal growth, a trait honed during his years in the fire department.
• Burns highlights the benefits of commercial real estate, particularly in passive income generation, contrasting it with the challenges of residential property management.
• Investors are currently skittish due to market volatility, making it crucial to provide clear and defensible business plans when raising capital.
• The recent purchase of a 71-unit property in Phoenix illustrates strategic investment based on local economic drivers, such as a major semiconductor plant.
• Networking through masterminds has been pivotal in Burns's success, allowing him to connect with capable operating partners and refine his investment strategies.

Thanks for following, subscribing and listening to this episode of The Do More podcast hosted by Jon Farling. To learn more or ask questions, go to l4investing.com.

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