Introduction
What does it take to pivot from a career in firefighting to becoming a successful real estate investor? For Eric Burns, founder of Flyers Capital, it was resilience, a willingness to embrace challenges, and a determination to achieve financial freedom. In this episode of the Second Chance Podcast, Eric shares his incredible journey, revealing how he transitioned from public service to real estate, the lessons he learned, and the strategies he uses to create and grow passive income streams.
Eric Burns’ Story: From Firehouse to Real Estate Mogul
Eric Burns’ journey is nothing short of inspirational. Starting as a firefighter in Cincinnati, Eric served his community for 17 years before an unexpected medical retirement changed the course of his life. During his firefighting career, he explored entrepreneurial ventures on the side, including residential real estate. His first rental property near the University of Cincinnati sparked a passion that eventually led him to commercial real estate.
Key Takeaways from the Podcast
1. Transitioning Careers
- Eric discusses the pivotal moments that led him to leave firefighting and pursue real estate.
- He emphasizes the importance of leveraging existing skills, such as project management, into new ventures.
2. The Value of Resilience and Learning from Failure
- One of Eric’s most significant lessons came from managing a $20,000 HVAC bill caused by a failed contractor relationship. Instead of dwelling on setbacks, Eric reframed them as valuable lessons.
- His perspective on failure: “It’s not the end; it’s a stepping stone.”
3. Commercial Real Estate Advantages
- Eric highlights the benefits of commercial real estate over residential:
- Scalability and reduced hands-on involvement.
- Opportunities for pooling resources through syndication.
- Potential for passive income to double investments within 5-7 years.
4. Mentorship and Networking
- Eric credits much of his success to seeking out mentorship and connecting with professionals who could guide him.
- His advice: “Your network is your net worth.”
5. Practical Strategies for Financial Freedom
- Build systems around your business to create scalability.
- Educate yourself and act boldly, even when working with incomplete information.
- Diversify investments and explore self-directed IRAs for tax advantages.
A Message for Aspiring Entrepreneurs
Eric’s story is a testament to the power of resilience and reinvention. For those looking to transition into real estate or entrepreneurship, his advice is clear: “Take that first step, embrace discomfort, and never stop learning.” Whether it’s leveraging free resources like YouTube or reaching out for mentorship, success is within reach for those willing to put in the effort.
Connect with Eric Burns
Ready to learn more or take the first step toward financial freedom? Connect with Eric Burns for advice, mentorship, or investment opportunities.
📌 LinkedIn: Eric Burns
🌐 Flyers Capital: https://flowerscapital.com/
Conclusion
Eric Burns’ journey from the firehouse to real estate exemplifies the power of determination and vision. By sharing his story, he inspires others to explore new possibilities, embrace challenges, and build a future of financial independence. Whether you’re an aspiring real estate investor or an entrepreneur looking for direction, Eric’s insights provide a roadmap to success. Listen to the full episode for more inspiration and actionable advice!
