Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

408: Full-Time Income on a Part-Time Schedule with Emma Powell

408: Full-Time Income on a Part-Time Schedule with Emma Powell

FromBiggerPockets Real Estate Podcast


408: Full-Time Income on a Part-Time Schedule with Emma Powell

FromBiggerPockets Real Estate Podcast

ratings:
Length:
79 minutes
Released:
Oct 15, 2020
Format:
Podcast episode

Description

Ever wonder how your family would manage if you or your spouse lost your job? Emma Powell faced that reality head-on. She knew she needed "full-time income" while continuing to spend time with her family... and she knew real estate investing would be the vehicle to get her there.Today Emma shares her journey from part-time photographer to multifamily dealmaker – how she got in the game by joining a REIA and immediately loaning money to an experienced investor (we discuss the right and wrong way to do this); her #1 piece of advice when meeting with a potential mentor; and her foray into the world of lease option ("rent to own") deals.Plus – Emma shares her perspective on how to choose a niche that suits your strengths (wholesaling wasn't for her; syndication and bigger commercial deals were a better fit).This is an inspiring story of someone who experienced a financial wake-up call, and went from total rookie to syndicator in just a few years... all while homeschooling 6 kids. Enjoy this one, and we'll see you again on Sunday!In This Episode We Cover:Emma's reaction to her husband being laid off from his tech jobWhat a Real Estate Investor Association (REIA) Meeting isHow she's found nearly all her deals by simply networkingDue diligence when loaning money to an investorWhat lease options areWhat a "due on sale" clause isClosing a great deal after a seller was burned by wholesalersHer passive income goals for the futureAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastBiggerPocketsReal Estate Investment AssociationThe Real Estate Syndication Show5 Hour School WeekBiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron AmuchasteguiBiggerPockets BlogsBiggerPockets WebinarsCheck the full show notes here: https://www.biggerpockets.com/show408See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Oct 15, 2020
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.