Emma Powell - Real Estate Balancing Strategies

Key Takeaways

Real estate success is not just about profits; it's about achieving time and financial freedom to lead a more purposeful and playful life.

You have to be able to balance success with your personal life or it's just pointless.

It's hard in the moment when there's uncertainty, but once the problem resolves itself, it'll either work out or it won't.

Our ability to affect the future of the deal is enhanced with us being able to be in there and protect the capital that we've put in there.

I'm a human. I'm going to make mistakes, but I can actually go back and change history to set us up in a better place moving forward.

Vetting involves SEC checks, criminal background checks, Zoom meetings, and local members physically inspecting properties; transparency is key for trust.

Timeline

[01:28] Intro to episode guest

[02:52] One word that describes Emma personally and professionally.

[04:07] Why don’t you let us all know about Emma, your background and how you got into multifamily?

[07:29] Emma talks about her company High Rise Capital and what they do.

[10:47] What specific breakthrough or turning point occurred in your coaching relationship that significantly impacted your perspective and performance?

[17:38] Do you have a particular market you like or a particular asset class?

[23:15] As a potential passive investor, what information do you seek and how do you vet operators before investing in your fund?

Contact 

Email: highrise.group/contact

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Duane Winkel - Relentless Multifamily Business Insights

Key Takeaways

Investors can discern sincerity, and authenticity is a key factor for long-term partnerships.

When rates rise, it can be a good time to buy, and when they fall, it's favorable for selling as property values increase.

Renovating properties with high vacancy rates, despite potential bank reluctance, offers a chance to improve and raise market rents.

I love the journey more than I love the actual outcome of it. it's just that relentless passion.

The relentless pursuit should be fueled by passion, not just for the outcomes but for the entire process, ensuring sustained motivation and satisfaction.

Timeline

[01:40] Intro to episode guest

[02:56] One word that describes Duane personally and professionally.

[05:50] Talk about your background a little bit and how’d you get into this?

[11:26] Duane talks about the business side of multifamily.

[15:02] So what does it cost per unit to put a water conservation package in typically?

[17:10] I know you are working on a deal right now, why don’t we talk about that a little bit?

[21:35] What do you say to the new investor and how do you get them in your wheelhouse?

Contact 

Email: winkelcapital.com

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Brady Slack and Michael Scicluna - Mastering Tax Strategies

Key Takeaways

Confidence is not just about being assertive; it's about the willingness to learn and be coached.

Life is a journey with its ups and downs; winning the small battles leads to winning the war.

Consistency in facing ups and downs allows for success through the big challenges.

The language of business is accounting; understanding that language enhances your chances of success.

Real estate investing has the potential to never be taxed if leveraged with write-offs, expenses, and depreciation.

Don't let the tax tail wag the dog; sometimes, there are valid reasons to exit a property despite tax implications.

Timeline

[02:05] Intro to episode guest

[02:50] One word that describes Brady personally and professionally.

[06:46] Can you share a brief overview of your background, current role, and your company?

[10:10] What are the tax planning strategies for limited partners, and how do they benefit as investors?

[16:36] Brady, discuss business entity structuring and mapping as Mike mentioned. How should people structure their entities?

[20:54] Discuss cost segregation, its mechanics, and how it relates to leveraging depreciation in your investments.

[31:13] Explain what a K1 is and how it's utilized for new investors or passive investors exploring deals.

Contact 

Email: brady@highcountryfinance.com

Instagram: @TheBradySlack

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