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Main Street Business

#456 How to Unlock Passive Income with Rental Properties w/ Rich Fettke

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4584 Ratings

🗓️ 15 October 2023

⏱️ 25 minutes

🧾️ Download transcript

Summary

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 even...

Transcript

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0:00.0

You know, this world of real estate, there's some scammers in it.

0:03.9

And you know, that's why we called our network real well.

0:06.5

I need to be investing in a rental property every year.

0:11.2

Or part thereup.

0:12.7

I could partner with others.

0:13.7

I could do it in my IRA.

0:15.2

I could do it all of myself.

0:17.0

I was diagnosed with melanoma, skin cancer.

0:19.9

The doctors thought it had spread to my liver

0:21.7

after a couple CT scans and ultrasounds. And oncologist told me I might have six months to live.

0:28.7

So it was my wife Kathy, who you know, and she was a stay-at-home mom at the time. We had two

0:33.8

young daughters. And she's like, what am I going to do if Rich passes away?

0:39.8

Welcome everybody to the Main Street Business podcast and show on YouTube, and we get to

0:46.6

interview another Main Street influencer. I am so excited. I had an honor to welcome

0:52.6

Rich Fetke. He is co-founder of Real Wealth, the author of The Wise

0:56.7

Investor, incredible on stage, influenced, if not thousands, hundreds of thousands of people

1:03.4

around the country over his career. What I love about Rich, he's got his financial hat on

1:09.0

and he's got his real estate investor hat on. I love

1:11.5

he. Is a double threat. I want to say more about you, Rich, but thank you for being here.

1:15.8

Thanks for having me. Looking forward to this. You bet. Now, on a personal ad,

1:20.5

I needed everybody to know, I've been personally tutored by Rich. We did a couple's retreat at their home slash resort training facility in

1:31.4

Malibu, beautiful place. And it was such a neat experience to be with he and his wife, Kathy,

...

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