Are you a RE Investor or RE Entrepreneur?

[Eleena de Lisser]

Do you call yourself a real estate investor or a real estate entrepreneur? If you consider yourself both, do you prefer using one term over the other?

I'm just curious about what BP members call themselves on their business cards and/or what they say when they meet new people who may or may not know a thing about real estate. (In other words, people who have no idea what a wholesaler is or a note buyer, etc.)

[Brian Gibbons]

OK this is my take.

Entrepreneurs are business makers, looking to fill a need in the market, learning and implementing small business skills and "growing" a business by scaling and hiring. Leadership and Motivation is important for the entrepreneur. Shyness and uncertainty does not bode well for the entrepreneur. Find a need in the market place and fill it. May the nay sayers be damned. Risk takers, business builders, need fillers.

A Real Estate Investor is like a stock investor, looking at yeilds, ARV, IRR, Cap rates, rental market conditions, etc.

Flippers are focused on the needle in the hay stack. The cheaper the better, the more desperate the better. If you asked the average flipper what a financial calculator looked like, and what the "PV button" was for, I doubt very much the answer would be clear.

God bless the entrepreneur, they tend to find a way to get the job done, whatever it is.

BTW, here is my Credo for the REI.

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Our Credo as Real Estate Investors:

I am a Real Estate Investor.

Of all of the occupations I have tried, researched, pondered, and read about over the years, there is none which compares to mine. My work is fun. I take ugly houses and make them beautiful. I help people out of difficult situations.

I am a Real Estate Investor. I am my own boss. I often work in my pajamas from the comfort of my home. I have no employees to baby sit, no perishable inventory to move, no franchise fees to pay, and no store to maintain. Still, I am in the top 5% of all income earners.

I am a Real Estate Investor. I now enjoy freedoms I’ve never had before. I am the master of my day. I choose who to work with. I choose my hours, and I decide if I will work 20 hours or 40 hours this week. I can also choose to take the day off, without obtaining anyone’s permission. I can take a month-long vacation. I can sleep in, or take a power nap after lunch if I want. I can review my notes and return my calls while lounging in my jacuzzi. I no longer have to commute during rush hour.

I have the freedom to spend lots of time with my wife and children. I do not have the stress and pressure of needing to close my next deal by the end of the week, by the end of this month, or even by the end of this year.

I live in one of the nicest neighborhoods, in one of the most beautiful states, in the best country that has ever existed on this Earth.

I am a Real Estate Investor. There are many who ‘want’ to be like me; many who are ‘studying’ to be like me; and many more who would be like me, but are just waiting for ‘this opportunity to appear’ or ‘that circumstance to change’… At the end of the day, very few actually are like me.

I have been very fortunate and blessed. I am finally living my dream. I love doing what I do, and I would not trade places with anyone, nor trade my life experiences for anyone else’s.

I am driven by the belief that life is short, and we need to ‘make a difference’ in the short time that we’re here, because after all is said and done, it’s really not about ‘us.’

I am a Real Estate Investor.