Main Street Business #456 How to Unlock Passive Income with Rental Properties w/ Rich Fettke
Oct 15, 2023
24:43
In this episode of the Main Street Business podcast, host Mark J Kohler welcomes special guest Rich Fettke, co-founder of Real Wealth - an organization that educates and helps individuals with their real estate investments. They discuss Rich's journey from being diagnosed with melanoma skin cancer to becoming a successful real estate investor and coach. Here are some of the topics they cover:
- The importance of passive income and how it can ensure financial security during unexpected life events.
- A unique 'holistic' approach of Real Wealth to wealth building which integrates living life on your own terms with making money.
- Insights on the potential of small multi-family properties like duplexes as a strategic investment move.
- How market research and vetting processes are crucial in identifying emerging markets for real estate investments.
- Exploring the concept of a self-managing business, empowering team members to run the business, and freeing up time for personal growth and pursuits.
- Real Wealth's innovative model of having property teams across the country, ensuring the quality of properties, and understanding localized real estate trends.
- Providing advice for potential investors to take action, start small, and consistently grow their real estate portfolio over time.
- Importance of making sound investment decisions and not just chasing tax benefits.
- The real estate market by debunking fear-mongering headlines and focusing on actual data and trends.
For more opportunities to learn from Rich Fettke, follow the link below to his website and stay connected: https://realwealth.com/
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