Real Estate Is A Fickle Mistress W/ Emma Powell

Meet Emma Powell, a Queen in the real estate investment industry.  She is the owner/operator of Highrise Group and has partnered on nearly 500 units since relocating to Salt Lake City 2018.  She also manages the Commercial Real Estate Investing Club, a place for new and experienced investors alike to pool funds to purchase large properties together for a lower barrier of entry and with less work. With extensive property and construction management experience, Emma specializes in small businesses. Emma's favorite part of investing, other than passive cash flow, is building teams to creatively get transactions to the finish line. On today’s episode, Chaz and Emma discuss what it takes to follow your own path, what’s possible when you think bigger, and the mindset necessary to succeed when everything goes wrong.  Tune in now and start growing your own real estate investment business with these tips and words of wisdom! During this episode, you will learn about;[1:49]  Introduction to Emma and her business[5:51]  Why does Emma continue to push?[8:18]  Emma’s ultimate endgame[10:10]  A good decision that Emma made inside of her business[13:23]  A bad decision Emma made inside of her business[16:04]  Why high level entrepreneurs don’t have regrets [17:41]  How to avoid doing what everyone else is doing[18:32]  Emma’s decision making process[20:26]  One metric Emma would track forever[23:49]  Does Emma intentionally network with other entrepreneurs?[24:35]  If she lost it all, what would Emma do?[28:28]  An optimistic mindset[31:45]  Honesty with investors[32:19]  How to connect with Emma Notable Quotes“We don't have a shopping problem.  We're very frugal. We don't have debt addiction. I mean, those things are very real. But if that's not you, then why not use the leverage?” - Emma Powell “I realized that that's the guy who makes all the money. Is the creative problem solver.” - Emma Powell“You're hanging out with these really high energy, high achieving, big thinker, positive, positive people, and they're doing some cool stuff and, and they just inspire you to do cool stuff.And sometimes you're doing the wrong cool stuff.” - Emma Powell“Even at this point I still suffer from imposter syndrome a little bit.” - Emma Powell “If you can track your margin. All the other KPIs are subordinate to that.” - Emma Powell “When you're leveraging other people's money, you're leveraging other people's skills, leveraging their time, you better be really, really good at putting teams together.” - Emma Powell “I don't care what business you're in. You have to raise capital.” - Emma Powell “I know a lot of people who have lost everything.  Real estate can be a fickle mistress and they only lose everything if they quit.” - Emma Powell “Money is the measuring stick, but even if it goes to zero, it doesn't mean that it steals from the bank of all these other things that you've been able to acquire and press into as an entrepreneur and a successful entrepreneur.” -Chaz Wolfe (Host)“People who are stuck who wanna achieve high levels, usually aren't that open minded, I've found,” - Chaz Wolfe - Host Books and Resources Recommended:“Multipliers,” by Liz...