7 Reasons Why You Need To Become A Real Estate Entrepreneur

Most people who desire to achieve financial freedom are dominated and controlled by fear. The majority always seems to come up with excuses to “not do” what they are supposed to be doing. One of the truest paths to financial freedom involves becoming a real estate entrepreneur and building your own business.

Virtually all of the world’s richest people have either built their own businesses or inherited businesses built by other family members.

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Here Are 7 Reasons That Should Motivate You To Become A Real Estate Entrepreneur

1.  Virtually All Financial Giants Are Entrepreneurs

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From Bill Gates to Richard Branson, these incredible individuals took gigantic risks against all odds and ended up building world class businesses.  I’m not saying you have to become a billionaire (however that wouldn’t be all that bad), but I am saying that most of the riches people in the world are entrepreneurs.

None of them are salaried employees.  Most of us are brought up to believe that a high paying job is the way to financial freedom – this is a farce.

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2.  The Government Is Your Partner

If you are an employee, you will pay a higher percentage of your income in taxes.  Over time, this takes away from the amount of capital you have to invest.  If you’re still an employee, you’re well aware of just how much of your hard earned money is paid to the government in taxes.

For many high wage earners, they may pay up to 50% of their income in taxes.  You cannot build any real future giving away so much to the government.  Remember, when you get a pay raise, the government gets one too.  Whether you like or not.

3.  You’re Building Someone Else’s Dream

If you don’t have your own goals, you’ll be working for someone else who does.  We only have a certain amount of time each day.  The last time I checked, I think it’s around 24 hours.

We must use it wisely.  If you’re spending most of your waking hours slaving away at a job, how can you build anything meaningful for yourself and your family?

4.  Owning Your Own Business Will Require More Of You And As A Result Will Provide You With a Deeper Level Of Meaning And Personal Satisfaction

This idea scares most people away and it’s a sad commentary on the majority of us walking around. Building your own business and becoming a real estate entrepreneur will be one of the most challenging experiences of your life. Don’t kid yourself.

But when you hit that take off point and the business stabilizes, you will have built a life that many others can only dream of.  Trust me, it’s worth it.

5.  Rental Real Estate Provides Huge Tax Advantages Including Depreciation And 1031 Exchanges

One of the greatest benefits to owning real estate has been handed to us by the government.  You see, the government needs people (like us) to go out and acquire properties for people to live in.

If not, we would have standardized government housing compounds everywhere.  Remember communist Russia?

In order to incentivize real estate entrepreneurs, the government provides great tax breaks. The two big ones are depreciation and 1031 exchanges. For now, all you have to know is that these two aspects of real estate investing put massive amounts of cash into your pocket.

6.  You Can’t Pass A Job Down To Your Heirs, But You Can Pass On The Family Business

My parents both worked hard their entire lives and will not have anything significant to pass down to me and my two sisters.  I guess this is OK.  I made the decision a long time ago not to depend on anyone else for my financial independence and freedom.  But with a real estate investment company, the portfolio can be passed down to many future generations to come.

And the great thing about a real estate investment business is that the fundamentals don’t change over time.  The business remains the same and is very easy for the kids to pick up on and adapt to.

7.  If You Are Ever Injured, The Money Still Comes In.  No Disability Insurance Needed Here.

When I was an employee, I used to sign up for disability insurance in the company benefit plan.  I remember people in the Human Resources Department always talking about how important it was to have disability insurance.  At the time, I did not have an asset base that produced income every month.

So if I did end up becoming disabled, my income was permanently cut off – I had to have disability insurance. But now, if I did get injured (for any reason), the money still comes in every month whether I work or not.

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