M279: Why Real Estate Is the Best Kind of Entrepreneurship – With Pete Schnepp

<p><span style="font-weight: 400;">All entrepreneurial activities are not created equal. Running a service-based business is an active pursuit. You’re managing employees, making sales and then following through with high quality work. But in real estate, once you do the initial legwork, the money comes in automatically with very little effort on your part.</span></p> <p><a href="https://www.linkedin.com/in/peterschnepp/" target= "_blank" rel="noopener"><span style="font-weight: 400;">Pete Schnepp</span></a> <span style="font-weight: 400;">is the successful entrepreneur behind Envision Painting and Roof Coatings, Bug Science Pest Control and PRS Properties. Pete got serious about building a real estate portfolio in 2017, and today, his rental income covers his family’s living expenses, and he is financially free.</span></p> <p><span style="font-weight: 400;">On this episode of the podcast, Pete joins cohost Garrett Lynch and me to discuss what sets real estate apart from other kinds of entrepreneurship. Pete walks us through the steps he took to build a portfolio of properties and explains why his family continues to live below their means despite having achieved financial freedom. Listen in for Pete’s advice on revisiting your goals every day and find out how he is building generational wealth with real estate!</span></p> <h3>Key Takeaways<span style="font-weight: 400;"> </span></h3> <p><span style="font-weight: 400;">What inspired Pete’s interest in real estate</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Realized people with money involved in real estate</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Needed Plan B to protect family financially</span></li> </ul> <p><span style="font-weight: 400;">The steps Pete took to build his portfolio</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Listened to podcasts and books while driving</span></li> <li style="font-weight: 400;" aria-