Real Estate Investor’s Wake-Up Call after Paying Six-Figure Tax Bill!
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How would you like to reach your financial goals in half the time you planned?
Our guests today are doing just that. Sophie bought her first rental property when she was just 23 years old, thanks to having a Mom who encouraged her to buy real estate.
Sophie's husband Ben didn't know much about real estate when they got married, but they both had MBAs, and both worked at Northern California tech companies making a great income. They ended up with two rental properties in the Bay Area that didn't cash flow.
In this episode, Sophie and Ben share how they used those negative cash flow properties to build a cash flow machine by investing out-of-state. They say they've reached their financial goals 15 years earlier than they had planned.
You can learn more about doing this for yourself by joining RealWealth. You’ll find plenty of free educational material on our website. Our investment counselors can also refer you to experienced property teams who can help you get started in real estate.
And please remember to subscribe to this podcast and leave us a review!
Thanks for joining me on The Real Wealth Show!
Kathy Fettke
In Part II of my interview with James Eng, the conversation continues about the commercial real estate correction that we’re already starting to see. In this half of the interview, James will dig in a little deeper into how the foreclosure of a $229 Million multifamily Texas portfolio is just the first domino to fall, and what he expects to see in the coming months.
James has more than 17 years of experience in commercial real estate lending, and is currently the National Director for Old Capital. He started his career as an underwriter at GE Capital Real Estate and joined Old Capital in 2014. He has worked with hundreds of investors to help them acquire over $1.5 Billion in multifamily properties totaling over 20,000 units nationwide. In addition to financing multifamily, he has invested in over 10,000 units as a limited partner in nearly 40 properties in Texas.
Often called "The Professor" of Multifamily Financing, James has produced hundreds of hours of educational multifamily content on YouTube. He received his finance degree from University of Texas at Austin and resides in Dallas-Fort Worth with his wife and three boys.
LINKS
Contact James Eng at https://oldcapitallending.com
Join RealWealth here.
Subscribe to the Real Wealth Show here.
For more information on Kathy's Single-Family Rental Fund, go to: GrowDevelopments.com.
Follow Kathy Fettke on Instagram.
Purchase Kathy Fettke's book, 'Retire Rich with Rentals' on Audible
A $229 Million multifamily portfolio was just foreclosed on in Houston, Texas. It’s the first of what could be similar foreclosures in the commercial real estate industry. And there's a good chance some of our listeners were invested in that portfolio or another one facing the same fate. If you are a multifamily investor, either passive or active, you'll get some great advice in this episode on how to navigate the current commercial real estate environment.
You’ll hear from Old Capital National Director James Eng. He’ll explain why commercial real estate could be facing a massive reckoning, especially for investors who took out bridge loans. In Part One of this interview, you’ll get his take on interest rates and the impact on commercial lending. In Part Two, you’ll hear more about what he thinks will happen in the months to come.
James has over 17 years of experience in commercial real estate lending. He started his career as an underwriter at GE Capital Real Estate and joined Old Capital in 2014. He has worked with hundreds of investors to help them acquire over $1.5 Billion in multifamily properties totaling over 20,000 units nationwide. In addition to financing multifamily, he has invested in over 10,000 units as a limited partner in nearly 40 properties in Texas.
Often called “The Professor” of Multifamily Financing, James has produced hundreds of hours of educational multifamily content on YouTube. He received his finance degree from University of Texas at Austin and resides in Dallas-Fort Worth with his wife and three boys.
Don't forget to subscribe to the podcast and if you like the show, please leave a review!
Join RealWealth today at www.RealWealthShow.com.
We are excited to announce two new markets for rental properties and an investment loan that you may be able to get for under 5%! RealWealth helps investors find and purchase properties in 16 markets that offer a variety of residential rental properties including single-family rentals, short-term rentals, and small multi-families that are both rehabbed and new.
In this episode, you’ll hear from the Director of our Real Wealth Realty, Leah Collich. She will share what she’s doing as an investor and what she’s seeing many of our RealWealth members doing. You’ll also hear about our property tours and how that can help you make a decision on where and what to buy.
Leah began investing in real estate in 2010 and became a RealWealth member in 2017 in order to expand her portfolio into five new markets while living overseas. While she enjoys the creative outlet of flipping, she strongly believes buy-and-hold investing is the path to real wealth. As an Investment Counselor, Leah is passionate about discussing real estate investment strategies that create a clear path to real wealth and helping our members realize that retirement might not be as far away as they think.
If you’d like to look at sample properties and get details on upcoming tours, please log into RealWealth or click the Join for Free button if you haven’t become a member yet. Members also have access to our experienced investment counselors, including Leah, and a list of recommended real estate professionals for things like deal analysis, investment loans, asset protection, legal services, accounting, self-directed investing, and 1031 exchanges.
As always, please be sure you are subscribed to our podcast, and if you haven’t yet, leave us a review!
Thank you for joining me on the Real Wealth Show!
Kathy Fettke
It might not sound sexy, but one of the best parts of owning real estate is the amount of money you can save on taxes. There are several amazing deductions you can take as a real estate investor that many CPAs don’t even know about. Some of the tax strategies covered in this interview include cost segregation, carryover loss, and creative ways to depreciate properties. There’s also the 1031 exchange, and you’ll hear about all of them and more in this interview with one of our highly recommended tax attorneys. Toby knows how to “talk taxes” in a way that is so interesting, you’ll probably be as excited as I was by the end of the interview.
You can take your enthusiasm to the next level by checking in with Toby or another one of our recommended tax experts, at realwealthshow.com. You need to join RealWealth to access our Investor Portal, but it’s free and easy to join. Once you’re logged in, you’ll find Toby’s company listed under the Resources tab in the Asset Protection and CPA/Accounting/Bookkeeping categories.
Please remember to subscribe to the podcast and leave us a review!
Thanks for listening!
Kathy
FIRE is the new buzzword among real estate investors, and it has nothing to do with the fire emoji that everyone uses on instagram to say that “you’re hot.” It’s a movement known as Financial Independence, Retire Early or FIRE!
In this episode, you’ll hear from someone who is about to experience FIRE. Adrian Rish started investing in rental properties just a few years ago, and has now created enough passive income to become “work optional.”
Adrian is a business owner, husband, father of two young children and financial provider for his mother. He purchased his first property in his hometown of Oakland, California, in 2013. After years as a do-it-yourself investor and property manager, Adrian discovered RealWealth in 2020.
Attending some of our live events and real estate tours helped him diversity into other states and connect with like-minded investors. Now, having reached his near-term investment goals, he and his family are planning to make an international move to Portugal to experience life abroad, and potentially expand his portfolio to Europe.
If you’d like to learn more about the FIRE! lifestyle, hit the join button at realwealthshow.com. Membership is free. You can tap into our educational material, get access to our investment counselors, see sample properties, and learn about different markets. You'll also find a schedule for upcoming real estate market tours where you can see properties in person and meet with other investors.
Please subscribe to our podcast if you haven’t already. If you like what you hear, we’d love a 5-star review!
Thanks for listening!
Kathy Fettke
As your portfolio grows, it can become overwhelming to keep track of everything. Even if you have property management, you still need to oversee the property managers, respond to emails, organize your documents, make sure all the bills are paid, and every other little thing related to your investment properties. But how do you find the right person to help you without busting your budget?
In this episode, I am joined by my husband, co-founder, and RealWealth CEO, Rich Fettke, and the CEO of a company that’s provided the kind of help that he needed to scale our business, our personal portfolio, and make it easier for us as time goes on.
Our special guest is Tricia Sciortino of Belay Solutions. She earned a degree in Business Administration and Management from the University of Hartford. Worked as District Manager for the retail chain Pacific Sunwear for ten years. And the, she decided to take her chances with a startup called Belay, during the recession. Over the next ten years, she’s moved from Director, Vice President, President, and COO to her current position at Belay’s CEO.
Rich discovered Belay more than five years ago. He’s hired two executive assistants, and a couple of bookkeepers from Belay, and they’ve worked out so well that he wanted to share his experience with our listeners and other RealWealth investors. You’ll find out in this interview how Belay chooses only the top 1% of its applicants and how Belay carefully matches them with clients.
No worries. You don’t have to hire someone full-time. You can start off slowly as you decide exactly how much help you’ll need. Rich began by hiring an executive assistant for three hours a week. That was expanded to ten hours a week. And now, Rich and I share an executive assistant who’s working for us full time. We also have a personal bookkeeper, and another bookkeeper to help with RealWealth finances.
You can also get a discount through RealWealth to help get you started with Belay. Go to belaysolutions.com/realwealth to find out more about that. To find out more about real estate investing, please go to realwealthshow.com and join our network. It’s free and will give you access to all our educational materials and market data. And remember to subscribe to our podcast, and follow me on instagram @kathyfettke.
Thanks for listening!
Kathy and Rich
Buying rental property requires a lot of math and, for most investors, a lot of spreadsheet analysis as well. The process can be complicated and time-consuming but there is a new state-of-the-art platform that does the work for you, and it’s really slick. We are crazy about it here at RealWealth. It’s called DealCheck by a real estate investor who comes from a software engineering background.
Anton Ivanov created this high-tech platform to help investors analyze rental properties, estimate profits and find the best deals before they buy. And he joins me in this episode to tell you all about his platform and the discount you can get if you put in the coupon code, REALWEALTH.
You’ll also hear how Anton structures his own investments to avoid the risk of a big downturn, how he does his financing now that he’s met his conventional loan limit, how he finds solid property managers, and what he does to keep tenants happy and to avoid vacancies.
Anton is a U.S. Navy veteran, real estate investor, and entrepreneur with a 40-unit rental portfolio spread out across 4 states. His portfolio generates over $15,000 in monthly passive income, and he spends one hour a week managing it.
He created DealCheck to quickly analyze and compare rental properties, flips, and commercial buildings, and RentCast to help investors track, grow, and optimize their rental portfolios. Again, you can get a discount on the DealCheck platform by going to https://dealcheck.io/ and using the REALWEALTH coupon code.
We also invite you to become a RealWealth member for free at RealWealthShow.com. Membership gives you access to all our data and deals on rental real estate investing. And please be sure to subscribe to our podcast and follow me on instagram at @kathyfettke for the latest market updates and commentary.
This is our second “Ask Kathy” episode for the Real Wealth Show. Podcast host Kathy Fettke collected several questions about today’s real estate investing environment, and shares what she would do in those situations. Questions that she answers include:
1 - If you had $100k to invest today, how would you invest it? (from Karla)
2 - Is it a bad time to use a HELOC for a down payment? (from Jeff)
3 - Are 30-year fixed-rate loans still preferable? (from Jeff)
4 - What markets would you shy away from and why? (from Andreas)
5 - Does the 1% rule still matter" What's true now? (from Cynthia
6 - You talk about hot markets in Florida. What about cities outside the major metros? Doable? (from Cynthia)
7 - What is your outlook on short-term rentals? (from Karla)
Kathy and her husband, Rich, co-founded RealWealth to share what they learned about real estate investing. At first, they did it to educate their friends, but that social circle has now turned into a network of more than 66,000 members! Their mission? "We help you create passive income and ongoing cash flow with real estate... so you can live life on your own terms." Kathy is passionate about helping others, and looks forward to collecting more questions for a future "Ask Kathy" episode. Send as many as you like to podcasts@realwealth.com and we’ll add them to our list!
Kathy is an active real estate investor and a licensed real estate agent with more than 25 years of experience. In addition to her mission at RealWealth, she's the CEO of Grow Developments which helps people invest passively in syndicated real estate deals. She’s been doing the "Real Wealth Show" podcast since 2003, and "The Real Estate News for Investors" podcast since 2016. More recently, she was picked to co-host the Bigger Pockets "On the Market" podcast. If you’d like to learn more about how to create passive income with real estate, check out her newly updated bestseller “Retire Rich with Rentals" which you can find here on Audible.
You will also find answers to your questions as a member of RealWealth. You can join for free at www.RealWealthShow.com
And please remember to subscribe to this podcast and leave us a review!
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