225: Surviving a Real Estate Crash and Investing Out-of-State with Kathy Fettke | Bigger Pockets Podcast
A lot of investors love to talk about the good times. But for life-long real estate investors, failure is often inevitable, especially during real estate crashes. That’s why we’re excited to bring you this discussion with Kathy Fettke today on the BiggerPockets Podcast.
Kathy started her journey toward financial independence after receiving shocking news from a doctor, but used that motivation to begin investing. Alongside her husband, Kathy built up an impressive portfolio but struggled during the latest real estate crash.
Still, she was able to emerge (and thrive) from the lessons learned. Today, Kathy shares how to avoid the mistakes that led to her difficult times! She also shares insight into buying real estate at a distance and handling the problems that can arise from long-distance landlording.
In This Episode We Cover:
The story behind the radio show
How Kathy landed her first deal without money down
How she converted single family units to multifamilies
A discussion on FHA loans and house hacking
Key pieces of Robert Kiyosaki’s advice
Tips on buying from a distance and using property managers
What you should know about finding the right agents, CPAs, and property managers
What happened when Kathy got “too confident”
The important lessons she learned after the collapse
What metrics to look for in a market
What it takes to come up with $3 million in five minutes
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Hard Money Lenders
Robert Kiyosaki
Real Property Management
Books Mentioned in this Show
Set for Life by Scott Trench
Extreme Success by Rich Fettke
Retire Rich with Rentals by Kathy Fettke
The Millionaire Next Door by Thomas J. Stanley
Priceless by William Poundstone
The Da Vinci Code by Dan Brown
Wealth Can’t Wait by David Osborn
Augmented by Brett King
Tweetable Topics:
“The hardest times in our lives tend to be the times when we have to dig deep.” (Tweet This!)
“Any time you get in front of the path of progress, you’re going to make money.” (Tweet This!)
“If you can’t buy this car with cash, you shouldn’t have it.” (Tweet This!)
Connect with Kathy
Kathy’s Company
Kathy’s Podcast
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