There’s no question that California investor Kathy Fettke is a woman of many talents. You may have already heard of this active investor, author, mentor, and coach through her business and educational efforts. Kathy is the CEO of the Real Wealth Network and the host of the Real Wealth Show. Her work throughout different areas of the real estate industry offers her multiple angles of insight into single-family investing and other approaches, which fortunately, she’s all too happy to share with the rest of us.
Kathy is the ultimate example of the student becoming the teacher. When her family experienced a personal tragedy involving her husband’s health, she began researching building wealth as a stay-at-home-parent. Soon enough, she was sharing her findings on her newly-formed Real Wealth Network with others in her position throughout the country. Out of her own studies into the world of real estate investing, she has led others around the world along the path to investing success.
Kathy was kind enough to drop in and chat with our CEO and lead asset protection attorney, Scott Smith for our Real Estate Nerds Podcast. We learned about her real estate debut, gained some insight into a poor deal, and took down plenty of tips on getting through the inevitable market emergencies that will affect anyone who is in the real estate game for the long run. Tune in to learn from some of Kathy’s most powerful first-hand experience.
It’s funny how even experts can ignore their own advice. In Kathy’s case, doing exactly this led to one of her worst deals of all time. Historically, when she has needed to evaluate a market, she’s always looked at two metrics: job growth and population growth. Following jobs served Kathy well in her early career, though when she was excited about a potential investment in Boise, she deviated from her usual pattern, ignoring the job projections.
If Kathy could give one key piece of advice to real estate investors, whether new or more established, it would be this simple truth that has played out in her own life. Get the best people you can as mentors, partners, and professionals. She believes her own mentor’s experience weathering a market downturn has taught her to do the same. Since most investors will eventually encounter a downturn, she recommends building your own REI dream team with the expertise to endure. For Kathy, picking her team wisely is critical: “Would you get into an airplane with a pilot who had only flown blue skies? No. You want to know that they can survive the storm.”
If you’re still working on your own real estate dream team, don’t forget that Royal Legal Solutions can always assist you with crafting the real estate business you dream of. We also would love to hear from you about whether there are any specific investors or subjects you’d like to read more about in these profile pieces. Consult our team of asset protection experts or contact us directly with your thoughts..
Scott Royal Smith is an asset protection attorney and long-time real estate investor. He's on a mission to help fellow investors free their time, protect their assets, and create lasting wealth.
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