The Secret to Scaling Your Real Estate Portfolio That Most Investors Miss w/Kathy & Rich Fettke

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 16 September 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

One rental property could give you a little cash flow, but if you want to reach financial freedom, quit your nine-to-five, and even retire early, you’ll need to scale your real estate portfolio. This might seem like a daunting task, but in today’s episode, we’ll show you how to go from a novice investor to a wealth-building entrepreneur! Welcome back to the Real Estate Rookie podcast! Off the back of their latest book, Scaling Smart, Kathy and Rich Fettke join the show to share their best secrets for building a sustainable real estate business. Successful investors manage their portfolios like full-fledged businesses, so whether you’re still searching for your first deal or struggling to scale up, we’ll show you all of the systems, processes, teams, and tools you should implement now to prepare for the future. In this episode, you’ll learn the crucial difference between growing and scaling your portfolio, as well as the number one mistake rookies make when attempting to scale. You’ll also hear about some creative ways to fund more deals, and, finally, the keys to a recession-proof investing strategy! In This Episode We Cover: Building a real estate portfolio that supports your long-term investing goals The number one mistake rookies make when scaling (and how to avoid it!) The difference between growing and scaling your real estate business Key systems, processes, and teams to implement in your business today How to set up your business to survive an economic downturn When to make the FIRST hire for your business (and who it should be!) Creative strategies to help you fund more real estate deals And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE On the Market Emergency Preparedness Plan Buy the Book “Good to Great” Buy Kathy & Rich’s New Book “Scaling Smart” Find Investor-Friendly Lenders See Ashley and Tony at BPCON2024 in Cancun! How to Build a Real Estate Portfolio & Quickly Scale Your Investments Connect with Kathy Connect with Rich (00:00) Intro (01:15) Growing vs. Scaling (03:35) First Steps to Scaling Up (11:18) Common Financing Challenges (17:27) Building Systems & Teams (27:01) Hiring the Right People (30:26) How to Survive a Downturn (37:36) Connect with the Fettkes! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-458 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey rookies, as you're getting started in real estate investing and you have dreams of scaling your portfolio,
0:06.2	or maybe you already are, it's so important to have the building blocks for how to scale your portfolio.
0:12.1	Stick around to learn how to set up your real estate investing
0:15.2	business for success.
0:17.1	Welcome to the Real Estate Rookie podcast.
0:19.3	I'm Ashley Kerr, and I'm here with Tony J Robinson.
0:23.0	And this is the podcast where every week, three times a week,
0:26.0	we're bringing you the inspiration, motivation, and stories you need to hear
0:30.0	to kick start your investing journey.
0:31.0	Now, Ricky's today, we are super excited
0:33.5	because we're going to be joined by Rich and Kathy Fedke
0:36.8	and they're extremely experienced real estate investors
0:39.8	and serial entrepreneurs who really do know
0:42.1	the end and out of running businesses of all shapes and sizes.
0:45.0	And they have a new book coming out this month called Scaling Smart, which you can find at
0:50.4	BiggerPockets.com slash Scaling Smart.
0:54.0	Now in today's episode, we're going to discuss a few things.
0:56.3	We're going to talk about the difference between growing and scaling
1:00.0	your real estate portfolio.
1:01.6	Some of the most common mistakes that Ricky investors make as they expand
1:05.4	and some effective strategies to manage your business. So Rich Kathy, thank you guys both so much for jumping on
1:10.0	and joining us on the Ricky podcast today. Oh, we're so happy to be here with you guys.
	...

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