s4e53 Real Estate Investment Makes Sense with Kathy Fettke

<p>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.</p><p> </p><h2><strong>Key Takeaways</strong></h2><p> </p><ul><li>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 Network</li><li>08:27 – Kathy shares an interesting story about the 2008 housing crisis</li><li>15:24 – Kathy’s process for evaluating the real estate market</li><li>19:33 – Differentiating between ‘A’ and ‘B’ neighborhoods</li><li>22:38 – How the global pandemic has impacted the real estate industry</li><li>25:53 – What Kathy credits much of her success to</li><li>27:17 – Kathy speculates on what the future holds for real estate</li><li>34:10 – How Kathy took that first step towards real estate investmen</li><li>40:04 – Tom thanks Kathy for joining the show and let’s listeners know where to follow her</li></ul><p> </p><h2><strong>Tweetable Quotes</strong></h2><p> </p><p>“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)</p><p>“If you love fixing things, if you love flipping houses, you should do that near you. And, I assure you,