BiggerPockets Real Estate Podcast

BiggerPockets Podcast 225: Surviving a Real Estate Crash and Investing Out-of-State with Kathy Fettke

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A lot of investors love to talk about the good times. But for life-long real estate investors, failure is often inevitable, especially during real estate crashes. That’s why we’re excited to bring you this discussion with Kathy Fettke today on the BiggerPockets Podcast. Kathy started her journey toward financial independence after receiving shocking news from a doctor, but used that motivation to begin investing. Alongside her husband, Kathy built up an impressive portfolio but struggled during the latest real estate crash. Still, she was able to emerge (and thrive) from the lessons learned. Today, Kathy shares how to avoid the mistakes that led to her difficult times! She also shares insight into buying real estate at a distance and handling the problems that can arise from long-distance landlording.

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In This Episode We Cover:

  • The story behind the radio show
  • How Kathy landed her first deal without money down
  • How she converted single family units to multifamilies
  • A discussion on FHA loans and house hacking
  • Key pieces of Robert Kiyosaki’s advice
  • Tips on buying from a distance and using property managers
  • What you should know about finding the right agents, CPAs, and property managers
  • What happened when Kathy got “too confident
  • The important lessons she learned after the collapse
  • What metrics to look for in a market
  • What it takes to come up with $3 million in five minutes
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “The hardest times in our lives tend to be the times when we have to dig deep.” (Tweet This!)
  • “Any time you get in front of the path of progress, you’re going to make money.” (Tweet This!)
  • “If you can’t buy this car with cash, you shouldn’t have it.” (Tweet This!)

Connect with Kathy

Show Preview

Real strategies that work for real people seeking to build wealth through real estate investments. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investo...
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    John Woodington from Brooklyn Park, MN
    Replied over 3 years ago
    My favorite quote from this podcast was Brandon saying “Hindsight is fifty fifty.” Love it.
    Fritz Barnes from Aberdeen, North Carolina
    Replied over 3 years ago
    Ha ha, that was going to be my first podcast comment, and you beat me to it. : ) Brandon: “Hindsight is 50/50, obviously.” Kathy: “Mmm-hmm.”
    Kim Stofan Realtor from Sacramento, CA
    Replied over 3 years ago
    Thanks for having Kathy on the show! It’s always inspiring to have a female investor sharing their experience. I was fortunate enough to see Kathy Fettke speak at a conference in the bay area and was very impressed and inspired. I love her life philosophy about remaining centered and make sure you keep your priorities straight. It was a fantastic show!
    Luke Redford Investor from Edmonds, WA
    Replied over 3 years ago
    Dave Meyer – What issues are you coming up with financing more houses?
    Steve B. Investor from Centralia, IL
    Replied over 3 years ago
    Great podcast. Thanks
    John Clark Investor from Pinckney, Michigan
    Replied over 3 years ago
    Great podcast. I’ve been listening to Kathy for almost a year now and really like her perspectives and insight into the current state real estate . On a side note, is it true that Josh declined to do this interview as Kathy is bullish on Detroit ? 😛
    Jonna Weber Real Estate Agent from Boise, ID
    Replied over 3 years ago
    Thank you for sharing your story with transparency, Kathy! I enjoyed hearing you speak at the Summit last August in Oakland as well. One note….I think you’ll be pleasantly surprised on how much more diversified Boise’s workforce is now than it was 10 years ago. We are attracting some fast growing start ups and a diversified tech scene, among other industries. Wishing you much continued success!
    Joe Kim Rental Property Investor from SF Bay Area, CA
    Replied over 3 years ago
    Love BP and Kathy Fettke’s podcast. I live next door to Dublin ($20 million dollar syndication winner!) I wished I met her several years ago. I was investing in texas and midwest while some great investments were just homes next door! I would love to hear Josh Dorkin or Brandon interviewed at other podcasts!!
    Replied over 3 years ago
    Always love hearing from (a) a woman, (b) someone who’s transparent about their failures, and (c) someone who’s making it work while being located in a a place like California.