Single-family rentals are where most real estate investors start. In one way or another, a new investor realizes that there is more to life than just their job. They save up, get educated, and buy their first rental property. Those who do well repeat the process, slowly growing their portfolio to double-digit numbers. But, at a certain point, they realize they can’t go any further with the system they’ve set up for themselves. What should they do?
Rich Fettke, co-founder of Real Wealth, and author of The Wise Investor, fell into real estate accidentally. Over the years he’s had to fine-tune his system, scale his team, and learn how to become not only a successful investor but a successful leader. Now, he runs one of the premier real estate investing websites on the internet, manages three syndications per year, and still individually invests in rental properties.
Thanks to his track record of more than two decades, he knows what does and doesn’t work when trying to scale your real estate portfolio. Most importantly, Rich knows who to hire onto your team so you can continue to build wealth, without having to do all the work yourself.
In This Episode We Cover:
Where new investors should look to purchase their first investment property
How to scale from single-family rental properties to syndication deals
Why most investors “trap” themselves without a scalable team
Turning challenges into adventure and shutting down the “inner gremlin”
Asking yourself, “what pisses me off?” when defining your company’s core values
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Real Wealth Network
The Simplest Way to Successfully Scale Your Business
Syndications—Everything You Need to Know BEFORE You Invest
David’s Instagram
David’s BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
Books Mentioned in the Show
Think Again by Adam Grant
The Book on Rental Property Investing by Brandon Turner
The Wise Investor by Rich Fettke
BE 2.0 (Beyond Entrepreneurship 2.0) by Jim Collins
Connect with Rich:
Follow Rich on Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-617
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