Feb 19 2024 27 mins 3
"Understand what you are trying to achieve and stick with it because it's easy to get distracted."
In this episode of Profit First for REI podcast, we have Kathy Fettke. She is the CEO and Co-Founder of Real Wealth Network and the host of The Real Wealth Show.
Kathy is a real estate investor, licensed Realtor, and a certified coach who will give you great information into the wholesale flip-side and the passive side. She also talks about her journey into the passive side of investing. Enjoy the show!
Key Takeaways:
[00:52] Introducing Kathy Fettke
[02:20] Start of Kathy's real estate investing journey
[03:54] Her first property
[06:37] Understanding the power of leverage and where to use that leverage
[10:11] Over leveraged
[13:06] What goes on today with Real Wealth?
[15:16] Kathy's advice for first-time real estate investors
[21:13] Learn and understand investment
[24:04] Connect with Kathy Fettke
Quotes:
[02:55] "Saving the 10% in investment and 10% in emergency savings, you could blow that quickly in an emergency. I wanted to be with my family and have a passive income where money still comes in and you are not working."
[08:56] "It's hard to fail when you know your stuff. It is easy to fail when you don't because that's when you trust people whom you think, do know."
[15:27] "Where you start is figuring out what you need."
Connect with Kathy:
Website: https://realwealth.com/
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
