Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Real Estate Entrepreneurship

29 Mar 2024 · 1 min

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Richard Canfield (host) discusses how corporate employees who start real estate investing often mislabel themselves as "investors" when, in fact, they've become business owners/entrepreneurs. He describes a common trajectory: steady corporate career and family life, an initial interest in real estate (from family influence or inspiration), side investing to build long-term cash-flow, and a gradual shift in attention toward treating real estate as an entrepreneurial business requiring a different mindset and responsibilities.

Chapters

Here's something I see happening. I'm curious, Megan, how you've seen this appear for you, but you have people like yourself, you are working in a corporate world and starting to invest in real estate. You got the real estate bug somewhere. Maybe it came from family, maybe you were just inspired and you wanted to go and take on that. And you had some business experience in the background. You had some training around entrepreneurship. But most people who are in that scenario, whatever their T4 job or their W2 job is, they're going about life and they have a career and a career path and a family and so their time is very focused on that. And then they start real estate investing on the side as this desire to create a long term income stream of cash flow for their future. And then it starts to build and grow and their attention starts to go more on it. But they don't recognize because we always say, oh, I'm a real estate investor. Well, no, you're actually a business owner. You're an entrepreneur who just so happens to have a business in real estate.