62 min listen
408: Full-Time Income on a Part-Time Schedule with Emma Powell
408: Full-Time Income on a Part-Time Schedule with Emma Powell
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)
#6: Investing While Holding a Full Time Job with Arthur Garcia: Investing in real estate while holding a full time job may not always get the most discussion in the real estate investing world - but there are thousands (if not millions) of investors who do just that. On today's episode of the BiggerPockets... by BiggerPockets Real Estate Podcast