Feb 3, 2021
Emma Powell is a former real estate photographer for ten years with a degree in entrepreneur and management. She started bringing in a decent income with her family through investing in their homes that led her into doing real estate business. As a stay-at-home mother of six, Emma joggled her time taking care of them and running her business. She started owning and building up multi-family properties and found partners to go bigger with commercial apartment buildings where she found her niche.
In this episode, Emma talks about how she managed to do the real estate business while taking care of and homeschooling her six kids. She will also talk about her experiences, what lessons she got from them, and how she rose from her failures to become big in the business by finding the right people to help her. Emma also shared about the FIRE movement and how it works.
This episode is what aspiring business people and mothers should hear to finally take a step to start a business in real estate and be successful!
Key Takeaways
[02:01] About Emma and how she got into the real estate business
[09:54] What pushed her to pursue the business
[12:59] The lessons learned from her renting experience
[15:18] On starting as a hard money lender and learning how to do the business
[19:02] Her best and worst deals in doing real estate and what it taught her
[23:36] Dealing with business failures with her husband
[28:23] Moving on with her business and getting bigger deals
[31:33] Earning big in investing in class D properties
[33:37] Finding her partners remotely through social media
[38:08] Her view on property management and managing the manager
[40:18] The FIRE (Financial Independence Retire Early) Movement and its approaches
[41:49] What the lean FIRE approach is
[52:08] Her focus on spending less and earning more in reaching her goal
[53:55] Her bits of advice for those who are planning to pursue the real estate business
Links/Contact Number
- Emma Powell on LinkedIn - https://www.linkedin.com/in/emmapowell28/
- Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
- Living Off Rentals Youtube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1