The Real Estate Syndication Show WS1595: Taking that First Step to Success | #Highlights
In this #Highlights episode, we look back at our conversations with Jonathan Farber and Emma Powell. They share how taking that first step in their journey to success was one of the most challenging yet rewarding decisions they have ever made.
Many real estate investors look back on their lives and wonder why they didn’t get into the game sooner. Not so with Jonathan Farber. At 26, he’s juggling a W2 job with investing, having already signed four single-families and a four-unit property. He attributes his success to his ability to take action. Emma Powell is a supermom who doubles as a real estate superstar. By making small, everyday steps, Emma has accumulated 92 units in just two years, and she believes it is down to one simple recipe. In this episode, we examine her key ingredients and determine why they work so well. We kick things off by looking at her history in real estate, and how she broke into the industry.
Key Points From This Episode:
- The challenges that kept Jonathan laser-focused on his real estate business.
- How starting a podcast can help develop better workflow processes.
- The benefits of building a network through BiggerPockets and Facebook groups.
- Jonathan’s formula for taking action: Just do it then put a system around it.
- Some systems that you can put into place for your business.
- The benefits of delegating tasks.
- The most challenging deal that Jonathan has worked on.
- How Jonathan found investors for his $650,000 luxury flip.
- What gave Emma the confidence to purchase a 50-unit rental property which was bigger than anything she had done before that in real estate?
- Tips to manage a home with six kids, a side hustle, and a real estate business.
- Tips for systematizing your business.
Tweetables:
“Reach out to the people. They will be so much more receptive than you think.” –Jonathan Farber
“If you are going to spin all these plates, make sure that the ones that crash are the ones that don’t matter. If you want to stop breaking plates, stop spinning so many.” –Emma Powell
Links Mentioned in Today’s Episode:
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