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s4e53 Real Estate Investment Makes Sense with Kathy Fettke

The Art & Science of Real Estate Negotiation

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Episode  ·  42:55  ·  Aug 28, 2021

About

Welcome to the Get Traction Podcast, a show aimed at educating aspiring real estate entrepreneurs. Today, Tom welcomes to the podcast real estate developer, fund manager and educator, Kathy Fettke. Kathy is the co-CEO of Real Wealth Network, a California-based real estate investment network helping local and international members build wealth through free education, resources and investment properties. Kathy shares her unique story of how a health scare led to her taking the first step towards a successful and lucrative career in real estate investing. She speaks to the impact that COVID-19 has had on the industry and why she’s optimistic for the future. Finally, Kathy shares why investing in real estate just made too much sense not to pursue.&#160;Key Takeaways&#160;00:36 – Tom introduces today’s guest, Kathy Fettke who joins the show to talk about the work she’s doing at her company, Real Wealth Network08:27 – Kathy shares an interesting story about the 2008 housing crisis15:24 – Kathy’s process for evaluating the real estate market19:33 – Differentiating between ‘A’ and ‘B’ neighborhoods22:38 – How the global pandemic has impacted the real estate industry25:53 – What Kathy credits much of her success to27:17 – Kathy speculates on what the future holds for real estate34:10 – How Kathy took that first step towards real estate investment40:04 – Tom thanks Kathy for joining the show and let’s listeners know where to follow her&#160;Tweetable Quotes&#160;“The rent that comes in doesn’t cover the costs, so it costs money to own these assets when you own them in California, unless you have a short-term rental. That’s something new that actually can cash flow, but that’s not passive. It can be, but it’s definitely more of an active investment.” (05:19)“If you love fixing things, if you love flipping houses, you should do that near you. And, I assure you, even in this high priced market in California, there’s people around here flipping houses and making money.” (16:10)“If you can find a place that is job friendly, and there’s jobs coming in, and there’s infrastructure growth, and it’s affordable – those are the four things – I don’t think you can fail.” (19:10)“What people who study demographics are saying is that there’s this movement, this demographic shift, to the Southeast. It’s a beautiful place. You’ve got Florida, Georgia, the Carolinas, and Texas. And these are areas that are still pretty affordable compared to the coasts.” (28:02)“Your accountant didn’t sit you down and say, ‘Here’s how you can pay no taxes and own a lot of real estate.’ Did your accountant tell you that? Mine didn’t.” (36:09)&#160;Links Mentioned&#160;Tom’s LinkedInTom’s WebsiteTom’s BootcampKathy’s LinkedInThe Real Wealth Show PodcastLink to Kathy’s Book<a...

42m 55s  ·  Aug 28, 2021

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