s4e53 Real Estate Investment Makes Sense with Kathy Fettke
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 sheâs optimistic for the future. Finally, Kathy shares why investing in real estate just made too much sense not to pursue. Key Takeaways 00:36 â Tom introduces todayâs guest, Kathy Fettke who joins the show to talk about the work sheâs doing at her company, Real Wealth Network08:27 â Kathy shares an interesting story about the 2008 housing crisis15:24 â Kathyâs process for evaluating the real estate market19:33 â Differentiating between âAâ and âBâ neighborhoods22:38 â How the global pandemic has impacted the real estate industry25:53 â What Kathy credits much of her success to27:17 â Kathy speculates on what the future holds for real estate34:10 â How Kathy took that first step towards real estate investment40:04 â Tom thanks Kathy for joining the show and letâs listeners know where to follow her Tweetable Quotes âThe rent that comes in doesnât cover the costs, so it costs money to own these assets when you own them in California, unless you have a short-term rental. Thatâs something new that actually can cash flow, but thatâs not passive. It can be, but itâs definitely more of an active investment.â (05:19)âIf 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, thereâs people around here flipping houses and making money.â (16:10)âIf you can find a place that is job friendly, and thereâs jobs coming in, and thereâs infrastructure growth, and itâs affordable â those are the four things â I donât think you can fail.â (19:10)âWhat people who study demographics are saying is that thereâs this movement, this demographic shift, to the Southeast. Itâs a beautiful place. Youâve got Florida, Georgia, the Carolinas, and Texas. And these are areas that are still pretty affordable compared to the coasts.â (28:02)âYour accountant didnât sit you down and say, âHereâs how you can pay no taxes and own a lot of real estate.â Did your accountant tell you that? Mine didnât.â (36:09) Links Mentioned Tomâs LinkedInTomâs WebsiteTomâs BootcampKathyâs LinkedInThe Real Wealth Show PodcastLink to Kathyâs BookGet Traction Podcast  đď¸ đď¸ đď¸Podcast Production & Marketing by FullCast - https://fullcast.co/sn