Welcome to the CRE Clarity Podcast with Jeremy Goodrich. Our guest today is Emma Powell, a real estate investor who achieved remarkable success. We'll dive deep into Emma's journey, exploring how she transformed her life – going from a stay-at-home mom of six to a multimillionaire in just five years. Discover the secrets to getting started in real estate investing and learn powerful strategies for building your path to financial freedom. Get ready to be inspired by Emma's story – tune in now!
Learn more about Emma and her story at creclarity.com!
“Managing a 10-unit building is very similar to managing 100-unit buildings.”
02:29
Emma transitioned from commercial and wedding photography to real estate investing, drawn by the industry's opportunities and path to financial freedom. She began by investing in duplexes and triplexes, before moving on to raising capital for larger 100-unit apartment buildings.
According to Emma, networking and collaborating with experienced professionals proved to be a key factor in her success.
“You should not get into the landlording business if you're only in it for the money. It should be because you love buildings, and the people who live and work in them, and you find construction, development, and all those things fascinating.”
18:30
Emma highlights that capital raising is a multi-step process, requiring patience and perseverance due to its time-consuming nature.
Emma shares how she achieved financial freedom. She balanced smaller, cash-flowing properties she owned directly with involvement in larger commercial deals. Once rental income matched their day job income, Emma and her husband quit their jobs, and eventually reached true financial freedom through the power of compounding.
“There's never a time when you don't wish you hadn’t started sooner.”
34:35
Toward the end of the conversation, Emma shares what she’s most excited about currently. She anticipates a demographic shift that will impact real estate investing. While acknowledging the challenge this presents, she’s also excited about the new opportunities it will create.
Finally, Emma shares one point of clarity with the listeners - The sooner you start, the sooner you will say you wish you'd started sooner.
About our Guest, Emma Powell
Emma went from stay-at-home mom of 6 to a multimillionaire in less than 5 years. In 2022, she hit a huge goal by retiring her husband early on real estate investing. She has partnered on almost 1,000 apartment units and sponsors a free commercial investing club to help other investors expand their portfolios.
As co-founder and president of Rise Capital Invesments, a boutique private debt and equity fund, Emma has raised several million dollars of capital for joint ventures and syndications. Emma hosts Passive Income Adventures Podcast with over 50 episodes, and has been featured on nearly 100 podcasts and has an easy to interview style
Mentioned in the show:
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Her LinkedIn
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Rise Capital Investments: Empowering Financial Growth through Real Estate
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www.shineinsurance.com/
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The REI Clarity Framework
Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we’ll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/
Special thanks to Emma Powell for taking the time to share so many great insights with us If you enjoyed this podcast, there’s a couple of things we need you to do right now:
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Until the next time, We truly appreciate you listening.
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Information
- Show
- FrequencyUpdated Monthly
- PublishedJuly 16, 2024 at 10:00 AM UTC
- Length42 min
- Episode168
- RatingClean