Building Wealth Through Real Estate: Strategies for Investing in Rental Properties

Episode Transcript
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(00:00):
SA

(00:50):
Aloha Inspired Money Maker. I'm so glad you're here.
If this is your first time joining us, welcome. If you're a returning
viewer or listener, welcome back. Let's make the most
impact with our money together today. We're talking about one of the most
powerful wealth building tools out there, real estate
investing. Now, I'm not a real estate guy, so I'm going to

(01:11):
confess to you right now one of my biggest regret one of my
biggest regrets was not selling or not not
holding onto. I sold a condo in Brookline, Massachusetts back in
1998 and I wish that I held onto it and and rented
it all these years. I bought it at a great price and it
has appreciated so much. I don't even look back to look

(01:34):
to see how much it's gone up. But I definitely left a lot of money
on the table because I've been a stock and bond guy for the last
30 years. I'm excited to host this panel of real estate
experts today. By the way, this is our fourth episode on
real estate in this 100 episode series of Inspired Money
Live. If you put
InspiredMoney.fm/Live 100,

(01:57):
that's Live 100 into your browser you can
find all of our previous episodes. There are lots of gems in
there. Everything from investing for growth to
philanthropy to collecting classic cars,
there's going to be something for you. Episode 52,
Navigating Student Loans is a favorite of mine. I think

(02:19):
it deserves more downloads and views. If you missed that one, definitely check
it out. Okay, onto today's real estate
episode. Today we're going to be covering how to get started.
What makes a great rental property? How do you find deals that
actually work? Financing strategies from
traditional loans to creative funding, how do you structure your deals

(02:41):
for success in scaling your portfolio? How how
do experienced investors grow their holdings while
managing risk? So whether you're looking to buy your first rental
property, expand your portfolio or navigate today's
challenging market conditions, this episode is packed with
actionable insights. We're going to be bringing in the experts,

(03:02):
seasoned investors who have been through market shifts refining their
strategies. They can tell us what to look for, what
challenges to expect and how to build long term passive
income through real estate. Before we get started, this
episode of Inspired Money is brought to you by Seeking Alpha
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(03:23):
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Happy investing and stay inspired. Let's
bring in our guest panelists. All of our
experts are here. Kathy Fettke, welcome back.

(04:31):
She is a real estate investor, educator and co founder of
Real wealth where she helps investors build passive income through
smart real estate strategies. She's the author of Retire Rich
with Rentals and co author of Scaling Smart how to
Design a Self Managing Business as well as the host
of popular podcasts that's Podcasts with an

(04:53):
S, the Real wealth show and Real estate News for
Investors. Kathy, welcome back.
This wonderful panel. Awesome.
We have Jason Hartman in the house, a guy who in the back
of my mind I've been wanting to have on the show for a while now.
He's a real estate investor, entrepreneur, CEO of Empowered

(05:15):
Investor. He specializes in helping people build wealth
through income property investments across the US as
the host of the Creating wealth podcast and a sought after
speaker, he educates investors on market cycles,
financing strategies and long term wealth building through
his complete solution for real estate investor system.

(05:36):
Jason, welcome. Andy, it's great to be here.
Looking forward to a good discussion today. Likewise. You do some
stuff with lifestyle too? Well,
yes, I guess so. I'm not sure what you mean by that, but tell
me. Oh, you left me a message that I just listened to like
30 seconds ago about doing some lifestyle

(05:58):
like masterminds. Oh absolutely, yes. My
mastermind, Yacht Adventures. That's. That's what that was about. Yes. That
sounds fun. So we'll discuss, I'll discuss that with you offline.
Sure. We have Michael Albaum here. He is a
real estate investor, educator, founder of MiFi
Academy, specializing in long distance rental

(06:19):
investing and financial independence. That's where the
FI and MIFI comes from. He's the co
founder of Bold street AI providing data driven insights
for smarter real estate investments. And he's the host of the
Remote Investor podcast where he shares expert advice on building
wealth through real estate. Starting as a fire protection

(06:41):
engineer, Michael built a portfolio of 61 plus
units using strategies like Brrrr and turnkey investing,
helping others achieve financial freedom through informed
decision making. Michael, welcome. Thanks so much, Andy. Super
happy to be here. And rounding out our panel today we have another
podcaster, Monick Halm. She's a real estate investor,

(07:04):
syndicator and founder of Real Estate Investor
Goddesses, a community dedicated to helping women build
wealth through real estate. With over 20 years of experience
and 350 million in real estate transactions,
she's the best selling author of the Real Estate Investor Goddess
Handbook and Invest Like a Goddess. She's also a

(07:25):
TEDx speaker and host of the Real Estate Investor
Goddesses podcast. Monick, awesome to have you
here. It's great to be here. Thanks for. Thanks for inviting
me. So we've got an incredible panel that
has, I would say, millions of dollars worth of combined real estate
investing and real estate income firepower.

(07:46):
Lots of stories and experiences to share, no doubt.
Let's dive right into segment one. Investing in
rental properties requires careful selection based on financial
goals, risk tolerance and market conditions. Each
property type presents distinct advantages and challenges that impact
profitability. Single family homes appeal to long term

(08:09):
tenants, offering stability but posing vacancy
risks. Multifamily properties generate multiple income
streams, reducing total vacancy exposure but requiring
hands on management. Commercial properties provide extended lease
agreements and higher returns, though they demand significant capital
and expertise. Vacation rentals yield higher short term

(08:31):
earnings but fluctuate in occupancy and regulatory
constraints. A strategic approach includes market research,
location assessment, financial analysis and regulatory
compliance. Evaluating local demand, employment centers
and economic trends ensures informed decisions. A well
chosen rental property aligns with investment objectives,

(08:52):
balancing income potential and operational complexity.
Success depends on thorough preparation, identifying the right
opportunity, understanding market conditions and executing
a structured investment strategy.
Kathy, if you can kick us off, you've helped thousands of investors get

(09:14):
started looking at the market. Now, what
specific economic indicators should investors focus on in
2025 to find rental property
opportunities? Yeah, a lot of people think that
now is a is a more challenging time than ever. And
that may be true due to high interest rates and high home

(09:35):
prices. I can tell you I don't think it's ever been
easy. So I'll say that if you want to be a real estate
investor, you've got to be really committed.
To answer your question in terms of opportunity, looking at the big
picture in single family rental housing, there is

(09:56):
simply not enough. I'm sitting here in the Southern
California area And when you have a major disaster like the
Palisades fire and the Eaton fire, then that is even
compounded that issue. So I just was telling my daughter that
the value of her home just went up because simply there's just not
enough inventory out there. And it's difficult to build

(10:17):
in a place like California. But this is across
the country. The builders have just not kept up with
growth. And we have a very large population of
millennials who are at home. First time home buyer, age forming families,
having children, animals. They'd like to have a home that
they could live in with a fixed rate, that they don't have to worry about

(10:39):
their rents going up all the time. The problem is affordability,
which leads to, from the investor perspective, the
opportunity to provide that rental housing to this huge
group of millennials. Thanks for the perspective that it's never
been easy. Jason, your
Hartman Risk Evaluator helps investors evaluate

(11:01):
markets. Can you walk us through how it applies when selecting a
first rental property? Yeah, I think the Hartman
Risk Evaluator is just a really good way to understand
the real value of anything. And you know, we
apply it to real estate because everybody, when they try to
understand the cost or the value of something, they do it in

(11:24):
only one one item. And that is US
Dollars. And that is a mistaken way to do
it because US Dollars are a moving
target. And so if we compare it to 40 other
things like, well, hey, what's in the news now? Eggs.
Right. If we compare it to eggs or gold or

(11:45):
orange juice or the cost of any of these other commodities, we
can really arrive at a truer understanding of whether
something is cheap or expensive. And that's one of the things
that the Hartman Risk Evaluator. Evaluator helps people
do. So it's a way to be more comprehensive and more
systematic in doing a comparison. Yeah, yeah, because you, you

(12:07):
can't, you know, priced in, in different commodities, you really
start to understand the value of something. Whereas if you just use
dollars, that would be crazy because if you look
at real estate appreciation over time, historically,
inflation of course, destroys the value of our savings, our stocks,
our bonds, and even our equity in real estate. Because it's denom

(12:30):
in what, dollars. Now, real estate, residential real
estate only outperforms inflation historically by a
small amount. So we have to look at the
value in real terms and that's why we compare it to a lot of
other things rather than just using dollars. Very
helpful. Michael, you're a proponent of long distance

(12:52):
investing. For someone new, what's the single most
important Factor when choosing an out of state property?
Yeah, it's such a good question, Andy. And I think it's something that a lot
of people have a really difficult time wrapping their heads around because they've never been
to a location. How could they possibly imagine owning something?
So I personally, I'm a big believer in affordability. I'm

(13:14):
a California native. I've been living in the Bay Area a long time. I grew
up in Southern California, and investing in my local market just was never an
option for me because of the affordability issue. But when I
went across state lines, I just happened to realize that I could, based on
my current financial conditions, afford to buy something and rent it out, which was
what led me to get my foot in the door to start down this path

(13:35):
towards financial independence and real estate investing as a career. So I think
picking a market that you can simply afford and start from there is a
great place for people to get started. Affordability
is a good. That's a very important factor.
So let me ask Monick, for those who might lack the
capital to buy a property of their own, how can they leverage

(13:57):
partnerships or syndications to enter the rental
property space? That is
also a great question because a lot of people, and
I thought this too, I had this myth that I was limited to
my own capital and credit when I was investing in real
estate. And like Michael, I also live in California, very expensive

(14:19):
market, and that was very limiting. But when I learned about the
value of partnering with other people,
you. So one of the main ways I invest is I bring groups of investors
together to purchase larger commercial properties. In essence, we're
crowdfunding real estate. And you can have a little
bit of the, a little piece of the pie, but you

(14:41):
can own and you get your proportionate returns and
tax benefits, and you can enjoy the benefits of real estate
without having all of the money by yourself. So you can do it in the
sense of a syndication. As a passive investor, you
can partner with other people. It can be a small group of you
who've got your tax returns, and four or five of you get together

(15:03):
to purchase a property. So there are a lot of
ways in which, together
with others, you can get in the game.
Kathy, you also work with investors to help them to do that. Can you share
some insights and how you find, you know,
attractive deals? Yeah, you know, investing in

(15:25):
syndications is generally for accredited
investors. So I just want to start with that. That
basically means that you either have a million dollars net
worth, $200,000 in personal income, or if you're married
$300,000. Some of those rules may be changing now with the new
administration, so stay tuned on that. And some syndications do allow

(15:47):
non accredited investors, but you do have to still have the
means to be able to invest in syndications. I
generally recommend getting into owning your, you know, building your own
portfolio first because just to the question before,
how do you get in when you have a little money? You can get a
3% down loan as an FHA loan when you're just starting out.

(16:08):
So you know, that's, that's, there's other places to look
than syndications generally for a return. But with that said,
there are, there is opportunity today in apartments
because there has been the prices are
down now because interest rates went up. So that's,
that's an opportunity for us. We are doing

(16:31):
build to rent communities because of the tremendous demand I
said earlier, of millennials who would like to live in a home,
they just may not be able to buy it. So we're building those homes for
them. And investors can either buy a brand new property, rent it out themselves,
or invest in our syndications where we do all the building and the renting and
the managing for them. So I hear the, the

(16:53):
need for being adaptable and for making
adjustments. Let's. Oh, sorry. Go ahead.
Yeah, I was going to say no advice is going to be necessarily
right for anybody, for everybody. So if you're starting out and you have a little
bit of money, you're going to have a different strategy than someone who's maybe later
in life and has a whole bunch of money and just wants it to be

(17:14):
more secure. So really understanding your strategy, are
you looking for cash flow? Are you looking for growth for the future? Because you
already have a job and you have enough cash flow, designing your personal
strategy is the number one step. Thank you. We're
going to go to segment two and talk about financing.
Financing rental property investments requires selecting the right

(17:36):
strategy based on financial goals, risk tolerance and
market conditions. Traditional mortgages offer lower interest
rates but require strong credit and higher down
payments. Private money lending provides flexibility and
faster access to capital, but may come with higher
costs. Hard money loans are short term solutions suited

(17:58):
for investors planning quick renovations and resales.
Seller financing allows buyers to make direct payments to the seller,
bypassing traditional lenders. Lease options give tenants the
opportunity to buy a property after a set period while renting.
The BRRRR strategy buy, rehab, rent, refinance,
repeat enables investors to scale portfolios by

(18:20):
recycling capital. Choosing a financing method involves assessing
loan terms, approval speed and Long term investment plans.
Comparing multiple options and structuring deals effectively can
maximize returns while managing financial risk.
Jason, you mentioned inflation earlier.

(18:44):
And inflation, I've heard you say, can be a hidden benefit for real estate
investors. How can investors leverage that when securing
financing today? Oh, inflation is not,
not to be underestimated. It is a, it is the greatest thing
for real estate investors, especially when you use
financing. Now, traditionally, every investor will tell you real

(19:06):
estate is a great hedge against inflation. We've all heard that a zillion
times. And that's because the value of the property will typically
outperform inflation by a small margin. But that's
not really that great. Let's add two more things to
it. Number one, leverage. So when we leverage our properties,
we get a multiplier effect on that appreciation. So

(19:28):
say, for example, real estate in a really good year is
outperforming inflation by maybe 5%. Okay?
So if you leverage that property and say you put
20% down and you finance 80% now you have a
multiplier. So that 5% differential that you were
getting now turns into a 20% differential. So that's

(19:51):
great. But wait, there's more. As they say on late night tv,
the infomercials, the debt, the
value of the debt in terms of the balance of that mortgage
and the monthly payment on that mortgage is
constantly being debased or attacked by inflation.
And this is good for us as investors because we borrow

(20:13):
based on today's dollar value, but we pay back based on
the future dollar value, which, as long as we have inflation,
is lower. And I doubt there's anybody who could
argue that we aren't going to have significant inflation
in the coming years. There may be ups and downs in that over time. There
will be recessionary periods, of course, but the long, the

(20:35):
long game is inflationary. And that
inflation basically pays our debt down for
us. I call this inflation induced debt destruction.
I know it's a mouthful, but that's really what it's doing.
It's debasing and destroying the value
of that debt. And if we owe money and we're the debtor,

(20:57):
that's a wonderful thing for us because inflation is paying it back for us.
Here's an example. Say, for example, just for round figures,
a real estate investor has $1 million
in mortgages. Say they bought, you know, from my company, they would buy
maybe four turnkey houses and they would have a $1 million
total mortgage value on those four properties. If we have
10%

(21:21):
inflation, whether that takes place in one year, two years, or
three years. Inflation basically reduced the
value of that debt by
$100,000. Inflation basically paid
off $100,000 of the investor's debt.
So it's a phenomenal hidden wealth creator. Very

(21:41):
powerful. Yeah. So
you can spend stronger dollars today and pay
back with weaker dollars tomorrow. Yeah, that's a beautiful
thing. Cathy, for first time investors,
since we are seeing higher interest rates than a couple of years
ago, what do you see? Are financing

(22:05):
options less accessible? How have things changed in
2025? Financing is accessible,
probably more so than ever because I think the banks would really love people to
borrow money. It's just, just that the rates are higher, but
not, not really historically. So when
I started investing, I remember my, my father was so thrilled when

(22:26):
we got into the single digits. He had been owning rental property over
10% for years, since the 80s. And,
and so anything under 10% I consider great.
What's difficult is that also home prices are at
historic highs. So when you have that combination, it's, it's
harder to get cash flow. These days, if you're investing

(22:47):
strictly for cash flow, it's going to be a little bit harder. And it might
require you finding an older property, fixing it up, building
in that equity. You might be in a less growth area.
Some parts of the country just never see prices go up and as a result
there's more cash flow. But you're choosing cash flow over growth.
So understanding your strategy is really important. As far

(23:10):
as I look at it, if you're buying for buy and hold as a
rental property, the goal should be to hold and that this is
an investment property that you're buying in a growth area where the
tenants are paying down your debt for you. You're getting government
incentives, massive tax breaks for doing this, for providing
the housing. And over time you will become very

(23:33):
wealthy as a result. Because in time you'll own that property
close to free and clear. It'll be paid down for you, plus most likely will
have gone up at least 3 to 4%. I don't know any other investment
that offers you those kind of advantages.
Yes. So define your objectives very clearly at
the outset. Just, you know, one thing, Andy, you might want to add

(23:55):
to what Cathy said because she was exactly right. But
she did say that interest rates are high. And you know, that is true
compared to the how we got so spoiled during the COVID era. Rates
are definitely higher. Historically, they're low. They're not that high at all
really. When I got into the business, rates were 14%. Everybody thought that
was a Bargain, because it used to be 18 or 20%. But here's the

(24:17):
thing, what you have to do when you're really understanding the interest
rate that you are paying or really your tenant is paying
for you because they pay the mortgage. Okay, that's the idea. You
outsource the debt responsibility to the tenant, but you have to, you have
to subtract the cost of inflation and the
benefit of the tax deductibility of that mortgage

(24:40):
interest. So when you subtract those two things, that interest rate
is really quite a bit lower than you might think. So let's take an example.
Say for example, an investor's paying 7% on a
mortgage. Well, I, you know, I think we listen to the
government statistics. Of course they understate inflation, but let's just say inflation
is 4%. So now our net is really only

(25:02):
3% in terms of the net interest rate we're really
paying. After inflation is subtracted, then we subtract the
interest on that mortgage and that'll give us, depending on our tax
bracket, maybe 1% or up to like 1
1/2 percent. If we live in the socialist Republic of California.
Right. We get a bigger tax bill, so we get a bigger tax

(25:23):
deduction. So really in that example, someone might
only be paying 1.5% interest
after inflation and tax benefits. It's not as bad as you
think. Excellent perspective. Monick, what do you
see in your community of real estate
investing goddesses?

(25:44):
What do I see in terms of them being able to get into
new properties right now? Yeah, financing. I didn't know. Like
for example, do you see a need for creative financing
strategies if people can't qualify for traditional bank
loans, things like that. Yeah. So there are so many different
options for. And your great little video shared some

(26:06):
of them right from there's the traditional bank, but
they're hard money. They're non qualified mortgages
which are, and there's seller
financing. One of the things that is really
interesting right now is a lot of the non qualified
mortgages, these debt service coverage ratio loans which

(26:28):
are based more off of the, the income of that
property as as opposed to the borrower's personal
income and debt. Those interest rates are
very similar to traditional bank financing.
So this, what this allows is a lot
of borrower investors who might not have been able to,

(26:52):
who, who are, would want, you know,
the much lower interest rates. They can, they're able to get into these debt service
coverage ratio loans, these DSCR loans for around 7
to 8% in a lot of cases. So a lot of these
non traditional options are becoming more affordable
relatively relative to conventional,

(27:13):
conventional loans. So that, that's something that a lot of my goddesses
are pursuing. Michael, you've used the BRRR
method extensively. How can investors decide when short
term financing, like hard money loans is the right choice
compared to a traditional mortgage? It's a really
good question. I think it really all depends on the need and ease, ability and

(27:35):
then ultimately price of those dollars. So if somebody is going
to go get short term financing, depends how fast they can get their
construction project done, how fast the eventual refinance at the end of
that are is going to be in the BRRRR method.
Something that I've seen and I've personally done and I think is a phenomenal
strategy is we've seen incredible unprecedented

(27:57):
appreciation over the last several years. And so people have massive
amounts of equity in their either primary homes or rental properties. And so
leveraging a home equity line of credit on either prime residence
or an investment property can be a really great way to access kind of
your own hard money, so to speak. But you have to understand the
consequences and the ramifications of not paying

(28:19):
the loan payments back on a HELOC that could be on your primary
residence. So it's all about understanding risk tolerances,
understanding what the term and length of the time you need that money
is and then what the exit strategy is on the back end that's going to
kind of help us reverse engineer into what type of financing we should be
using for which type of project we're doing. And I just like to add on

(28:41):
to that that a lot of people who don't invest in real estate don't understand
how quote unquote easy it is to get an investment property
loan not from a regular bank, but from banks that,
that specialize in working with real estate investors. We're allowed
up to 10 Fannie or Freddie backed loans.
That's loans that are backed by the U.S. government. So that just kind

(29:04):
of shows the U.S. government wants us to own rental properties. It
solves a problem. It offers housing to people and we're
incentivized for that. And you don't have to own your primary
first in order to have investment property. So a lot of people don't understand
that if you're from California and you want to buy a home and it's a
million dollars, you might not be able to afford that. That's a very high down

(29:26):
payment you might have. But you could forego buying your
primary and rent in California and then invest
say in Texas, where you could buy a home for 200,000, which would be a
$40,000 down payment, or move temporarily
to somewhere else if you're, if you're not working at the time. And you'd only
have to put 3% down if it's your primary, that's,

(29:48):
that's doable. So like I said, it's never been easy. But you just have
to be creative and committed. And once you get in and once you start
to see the growth, the fact that your properties are increasing
in value and you're, you're someone else's paying off your debt
for you, it's like having I describe it in my
book retirement Rent rich with rentals. Again.

(30:11):
Retire rich with rentals. Get that out of my mouth. It's like having golden geese.
You know the old story, the golden goose. You have lots of these little
golden gooses creating money for you while you're
not actively working on that property. You can focus on
your career, the thing that you do, and have these other assets
building wealth for you while you sleep. Yeah, it helps to talk to a lot

(30:34):
of people because just I want to share really quickly that
several of my clients who were looking for
a quick loan, they've been able to use asset based,
I think they're asset based lines of credit where if their account
is at Fidelity or Schwab, the Fidelities or
Schwab's of the world's also have partnerships with

(30:56):
banks like Goldman Sachs or US bank
where a client can use their
portfolio of stocks and bonds and then get
a loan from the bank. And it all happens pretty quickly with like
not a lot of paperwork, it gets approved. And then they
have platforms that are electronic where you know, all parties can log in

(31:18):
and see what is the amount
borrowable and what's the rate. And then if you
take the loan, you can see that loan balance and see it pay
down as well. Let's go to the next segment. We're going to talk about managing
rental properties. Maximizing rental property profitability
requires structured management practices. Choosing between self

(31:40):
management and hiring a property manager depends
on time, expertise and property scale. Self
management reduces costs but demands hands on
involvement. While professional managers handle operations for a
fee. Tenant screening ensures reliable occupants through
background checks, credit history and rental references.

(32:02):
Lease agreements must clearly define terms, payment schedules and
responsibilities to prevent disputes. Rent collection
strategies, including automated reminders in multiple payment options,
improve cash flow consistency. Regular property maintenance
preserves asset value and tenant satisfaction. Preventative
repairs, scheduled inspections and prompt responses to

(32:24):
issues reduce long term costs. Strategic
upgrades Such as modern appliances and security
enhancements can justify higher rents and attract
quality tenants. Effective management strengthens cash
flow, minimizes risk and enhances long term investment
returns, ensuring rental properties remain competitive in

(32:45):
changing market conditions.
Monick, what's your best advice for hiring and managing
property managers? What's been your experience?
Definitely in your question, I think is the answer you need to manage
the property managers. So the

(33:08):
what is a mistake is hiring a property manager and just
going, okay, I'm sure you're going to take care of everything and
not having proper oversight of that, of that property
manager. So I think having the right
oversight and management with that manager is
really important. And also you're

(33:31):
only as good at your weakest link that a good property
manager can is worth their weight in gold.
And a bad property manager will sink your deal. So it's really
important that you do proper due diligence before you, you
get that property manager and then you just stay on top
of the management of the manager during

(33:54):
the, your ownership of that asset. And if I could just add
on. Oh yeah, go ahead. Yeah, just adding on to an exploit. I agree
110% and I think it's so important to screen multiple property managers in
a particular market before you're getting involved in a deal to make sure that
that's a market you want to invest in to ensure that you've got the support
network and team behind you. It's kind of like dating.

(34:15):
People have always said you date an agent, you marry your property manager,
they're going to be with you for the long haul. And To Mogi's point, 100%
they are the success or the failure of the asset that they're
managing. So don't sleep on interviewing and screening property managers. And it's something
that we help a lot of folks do over at Bolt Street. Jason, you've
experienced market shifts and changes across tenant behavior.

(34:37):
How do you recommend landlords proactively adjust their management
approach to remain profitable? Well, first of all, let
me say that the vast majority of
property managers absolutely suck. I mean, they're
terrible and I knew everyone would get a laugh out of that because I know
everyone has lost money because of property managers. It is, it is

(34:59):
just one of these industries that seems to be a bad industry,
full of just bad people, honestly. I mean, there's
some good ones, but there's not many. Okay, so if you
find a good one, like one of the other panelists said, they're as good as
gold. But you know, it is, it is tough to find a Good property
manager, you constantly have to manage them. You have got to

(35:21):
pay attention to everything they're doing. You've got to look at your bills, you've
got to question your bills. You've got to make that property manager know
that you are paying attention. We recommend though
that people self manage and if you told me I could
self manage a long distance property years ago, I would have told you
you're out of your mind. But you can and I've done it many,

(35:44):
many times. You can self manage with the right tools, the right
techniques, the right training and we help people do that. You can
self manage your properties and all of our clients who are doing that
are very happy with it. We of course do try to find
and recommend the best property managers out there like everybody else in
the group does. But I tell you, self management is where you

(36:06):
really get empowered as an investor. That's my company name,
so throw that out there. We'd recommend self management
the most, but of course there are techniques to manage your manager too.
Kathy, are you self managing any properties? You know I'm not
right now, but there are more technologies today than there used to be at
our company. At Real wealth we have

(36:30):
sourced many property managers around the country who do a great
job. But Jason and I have been along long enough, been around
long enough to know that even the best property managers can
implode. So it may be because they grew too quick,
quickly and they didn't hire enough. You should, there's, there's a lot
of questions you should ask your property manager before you hire them

(36:52):
and then stay on top of it during your long term
relationship. So a property management company might be great in the beginning,
but as I said, they might run into issues if they grow too quickly or
if there's a staff change and they just can't, you know,
they're not the same company. We have a long list of questions on
our website at Real wealth that you could ask your property manager. One

(37:14):
of them would be how many, how much, how many
properties does each staff member manage?
So within our network we like to see 50 properties per staff
member. If they're, if they have one person managing 200,
let's say they're not going to be able to do the job for you. And
oftentimes when a property management company grows too quickly,

(37:36):
then they start to dip into, they get desperate and start to dip into
those deposits. That's your money. And I've seen this
happen and then suddenly it implodes and they go bankrupt.
So the minute you smell something. You know, if
you're starting to not see your rent come on time,
then you should be asking questions and paying

(37:58):
attention to your property. We're talking about managing your property
managers, but you also need to manage your portfolio. And I've had
investors. We have over 80,000 investors at real Wealth. We have all kinds. But I've
had some say, you know, they'll finally call us and say, I haven't
received rent in six months. Well, why are you telling us this now?
We should have known it if it was a week late. Right. So then we

(38:20):
can kind of find out what's going on with this company. So just to
say you need to manage your property manager can be confusing for someone new at
it. I would say get educated very quickly on
property management so that whether you're doing it yourself or using a
company, you know the questions to ask. One thing that might be
also helpful there is, I think, you know, look at, we're all veterans, so we

(38:42):
all know that property managers are mostly awful.
And that's just the way it is. It's just a bad industry. Hopefully
it'll clean itself up and they'll get better people in the industry. But for now,
not too many are very good. But one thing you have to keep in mind
is compared to what? On my show, I always say compared to
what. And if you're comparing real estate to other

(39:04):
investments like stocks or, you know,
whatever else it might be, right. You are going to be getting
constantly ripped off by people on Wall
Street. It's just the way that game works. And there's a lot of
middlemen taking money out of the deal. Right. And so
your property manager might be doing that to you too. But

(39:26):
I just want to put that in perspective a little bit because the asset with
real estate is such a durable asset. It's the most
historically proven asset class in the entire world. It's the most
historically proven asset class historically, and it is.
It can stand a lot of abuse. Now. You don't want
to get abused. Right. But even though with, with real

(39:49):
estate, you're going to feel those bumps in the road because you don't
have a CEO at Nvidia managing it
for you. Right. But believe me, there's a lot of bumps going on behind the
scenes in Nvidia that you don't even know about and you don't even think about
as an investor that are reducing your return on investment.
Okay. So I just want to keep that in perspective as well. Excellent

(40:10):
perspective. Michael, any comments on technology and systems
that help you to manage rentals from. From far
away. Yeah. So we, the only rentals that we self manage
are the old primaries that we moved out of and then converted into
rentals. So everything else that I have at a super long distance out of state
I have managed by property managers long lasting relationships that I

(40:32):
built over time. To everybody else's point, a lot of them took a long time
to build and they were pretty bumpy. I think there's a ton of great technology
out there. I personally am kind of a low tech person when it comes to
managing my properties partially one because I just, I know the
property so intimately well and I know the network of vendors that I need to
call if anything goes wrong. So I'm using a software

(40:53):
to collect rent and I'm using a software to
screen tenants. Other than that I'm pretty old school. I pick up the phone,
I send emails, text message, that sort of a thing. But I know that there
are tons and tons of great platform and tech stack out there.
Monick, similar for you? Yeah,
so I have for the most part third party property

(41:16):
managers especially because most of our investments now
are larger, larger properties.
So industrial or multifamily and I'm not
managing them hands on. But
we have various tech
that our property managers use

(41:39):
to manage those properties. Okay. So maybe we can go around really quickly
because it sounds like a good property
manager will make you a bad one could break
you. So given your experience, all the
panelists, any like, what's your
advice for people or any cautionary tales

(42:00):
of mistakes to avoid?
I don't know, how about Jason go first?
Oh gosh, you know, I mean like anything, real estate has all
sorts of pitfalls. Right. That you can fall into. So build
a team, have good advisors that aren't
necessarily attached to like any one deal. That's one of the things we like

(42:22):
to say is that we are area agnostic. Of course
we'd like your business, we'd like you to be investing through empowered investor.
But we're not attached to any one market.
So that detachment helps us be more objective.
And so, you know, just have a team of people
you trust around you. Undoubtedly that team is going to change

(42:45):
over the years and you know, just get good
advice and be careful, like anything, but don't
be so careful that you don't do it. Okay. You know, it
takes, I mean it's so interesting because you
know, ever since I really started doing YouTube and dedicating more
resources to YouTube, it's different than I've been podcasting for 20 years

(43:07):
with YouTube, people make lots of hit and run comments,
right? They don't do that on podcasts because that's not the way the platforms are
designed. And you know, I just remember
all of these doomers that have been saying
things on my videos like, oh, this isn't going to age well. Well,
they said that five years ago. They said that four years ago. They said that

(43:29):
three years ago. They said that two years ago. They said that a year ago.
Home prices are still going up, people are still making money,
and these idiots are missing out. If you listen to
Doomers, okay, this is the biggest cost and the biggest mistake you could
make. I remember we were doing a live stream recently with Peter Schiff.
He's a famous guy, he's been on my show. Everybody knows who he is and

(43:50):
you know, he's really smart and he sounds really good. But one of the
comments that came in on the live stream I thought was hilarious. It
said as Peters was talking and saying everything,
someone commented, peter Schiff has been wrong since
1982.
And you know, he's right. All of these doomers

(44:13):
that talk people out of things, those are the ones costing you the
most money. You can get into real estate, you can make lots of mistakes.
You can have bad property managers, you can get screwed over
and, and you will still beat the person who didn't do
anything. That person loses for sure. You got to get
in the game and you got to just make the best of it. You're going

(44:34):
to make mistakes, you're going to have experiences. They're not all going to be good.
You're going to feel the bumps in the road, but the persistence and
the courage to keep moving forward, that's the person
who wins. It pays to have a brand. I think the
Doomers, if you're doom and gloom all the
time, usually they have a pretty good brand.

(44:56):
The news always. The Doomers get way more views, by the way. They have
way bigger audiences. If I was a doomer and starting and I, and if
I was saying everything's crashing, I would have way bigger audience.
Okay? No question. I said we were gonna go around looks for
negativity. That's the way we're programmed because that's what allowed us to
survive for, you know, eons. But we, we are

(45:19):
now, since the industrial revolution, living in a world of abundance.
That survival mentality doesn't really serve us very well
anymore. I said we were going to go around the panel. I lied. I'm going
to pivot. Let's go to the Next segment. Identifying
profitable rental properties requires a data driven approach.
Market indicators such as job growth, population trends and

(45:41):
rental demand provide insight into long term investment
potential. Emerging markets with economic expansion
and infrastructure projects may offer strong
appreciation while saturated markets present stable
but slower growing opportunities. Financial metrics help
assess risk and return. Rental yield measures income

(46:02):
potential relative to property value, while cap rate evaluates
profitability after expenses. Higher yields and cap rates
may indicate better returns but require careful risk assessment.
Due diligence is essential. Reviewing financial records, conducting
property inspections and verifying legal compliance help mitigate
investment risks. Analyzing lease agreements and maintenance history

(46:25):
ensures a clear understanding of future obligations.
Successful investors combine market research, financial
evaluation and thorough property analysis to make informed
decisions. Maximizing long term profitability while
minimizing exposure to to financial uncertainty.

(46:47):
Kathy, you look at a lot of economic trends.
Are there specific data points you monitor to predict the health of rental
markets? Yeah, absolutely. We want to be in
areas that are growing. That means that there's population growth,
job growth. We do not want to be in areas that, where people are
leaving. Right. And that can be just neighborhoods within

(47:09):
an area. You might pick a wonderful market like let's say Dallas,
Texas, but there will be pockets where it's not going to make
sense for you. So everything that last video just
showed is what I would answer the last question of what
mistakes can you make? It's that it's not
understanding the dynamics of the market you're

(47:31):
investing in. I've had too many people come to me and say, what do you
think about this property I just found online? And that doesn't tell me
enough. Where is it? Is it out in the boonies? If it's out in the
boonies, where's your rental demand? Who's going to rent this place?
Is it in an area with high crime
and you're not going to be able to rent it because nobody wants to live
there? You need so much more information than just a pro

(47:54):
forma, a spreadsheet that shows potential
income. You need to know how old this place property is
and if it's going to need a lot of repair or is it brand new
and it's not going to need any. Is it in the path of progress or
is it in an area where the major employer already moved out or
you're dependent on one employer, like when I made the mistake of

(48:14):
investing in North Dakota, that's dependent on the oil industry.
And what if suddenly oil prices go down and jobs are
lost? So this is very, very
important. If you are a high net worth person
you need to. It's even more important that you do your due diligence when
you're just starting out. You know, a lot of us just started out and guessed

(48:37):
and we made mistakes and, you know, maybe lost money, but
there wasn't a lot of money to lose, right? There wasn't a lot that could
be, you could be sued for, but as you become higher net
worth. I've seen doctors put a million dollars
into a syndication where they didn't do the most basic due diligence
of, oh, this property is in a really bad area, no one's going to want

(48:58):
to live in it. So you just got to
get educated. That is the biggest mistake people don't make is
jumping into something they don't understand.
Jason, you warned us of the doomers. I also
I've heard you talk about the importance of identifying
linear, hybrid and cyclical markets. Can you talk about

(49:21):
how that comes into play for an investor's consideration?
Yeah, sure. So most people in the real estate world pay
attention to what's called cyclical markets. In
cyclical markets, they get all of the publicity, they get all of the attention.
They're places like the west coast of the United States, the
southeast Florida, the expensive northeastern

(49:43):
markets, and around the world, they're places like
Hong Kong, Dubai, you know, London, Paris.
Right? These are the markets that have very high
prices and very high land values
and they have very bad rent to value ratios, which
makes for good or bad cash flow because the rents

(50:04):
don't keep up with the prices. So we like these
markets that are linear markets that are more stable markets
where land costs are low and the overall house cost
is low and the rent to value ratio is very favorable
for the landlord. They also happen to mostly
be very landlord friendly from a regulatory environment.

(50:27):
And so linear, cyclical and hybrid are
three types of markets that can, you can break down the
entire world, the entire country with those three types of markets.
Hybrid, as the name would imply, is in between linear and cyclical.
Hybrid markets would be markets like Austin and Denver would
be two that come to mind for me right away. But the rest of the

(50:49):
country and the rest of the world, most of it is a linear market. It's
kind of boring. Prices appreciate very slowly and
in a linear fashion. They have minor ups and downs, but not
major ups and downs. Whereas cyclical markets, if you're looking at
a chart, it's like a roller coaster. Ups and downs, right?
Glorious highs, really ugly lows, but bad cash flow the

(51:11):
whole time. Michael at boldstreet
AI are You using technology to
help evaluate and do some of that market analysis? Yeah,
absolutely. So we're using leveraging AI in a pretty big way to go
evaluate a lot of the market indicators and economic points that Kathy
was mentioning. Where are people moving to versus from? What's the

(51:34):
job growth look like? What's the new start look like for new development?
So property expansion, building new homes. Because the old school
way of having to kind of Google market by market is I think a little
bit antiquated. So we found some pretty amazing tech to go do a lot
of that researching for you to do a lot of the analysis then for you
and kind of spit out the answer, so to speak. Hey, based on your investment

(51:56):
criteria, we call that a buy box based on your particular buy box of what
you're looking to accomplish and invest in these particular markets and even
furthermore these particular properties meet or exceed your criteria.
Interesting. So you can make more, I guess you can make more
comprehensive backed research
backed decisions and do so more quickly.

(52:18):
Exactly, exactly. Monick, for those
interested in syndications, what additional market
analysis factor should they consider compared to
a traditional single family rental investor?
Yeah, so with the things that
we've talked our Kathy was mentioning still

(52:40):
apply, right? Well, it depends on the type of investment or if we're talking
about residential, when we're talking about
industrial, things are a little bit differently. But you still, you want to look
at the market and the,
you know, where job and population growth,
landlord friendliness it,

(53:02):
you know, and just what, what are, what are the trends and what's happening. And
I, and I love too that AI is helping make that process
more, more seamless. The thing that
I would add with syndication, that's different.
So it's really important that you, we look at the, a
market and a location because market is definitely more important than the

(53:24):
individual property. But what's most important when you're talking about
syndication is the team. It's who is going to
be managing that asset. So
your, as we were talking about with property
managers, you know, your, your team will make or break
your deal. You do need to be in a place where the,

(53:45):
you know, the market makes sense, the fundamentals make sense. Sense. But with the,
the syndication, especially if you're a passive investor and
you're going to, and somebody's going to be managing it, you have to assess
the strength of that team in addition to all
of the other factors that we were
discussing. Thank you. Let's

(54:08):
bring it home. We're going to go to segment five. Expanding a real
estate portfolio requires strategic planning, financial
discipline and a strong support network. The BRRR
method Buy, rehab, rent, refinance, repeat
Enables investors to recycle capital and scale efficiently
Purchasing undervalued properties Increasing their value through

(54:30):
renovations in refinancing to extract equity
Create a continuous cycle of reinvestment a
1031 exchange helps defer capital gains taxes by
reinvesting proceeds into a like kind property Preserving capital for
future acquisitions Adhering to IRS timelines and working with
a qualified intermediary ensures compliance Building a

(54:52):
reliable team including real estate agents, lenders, property
managers and contractors streamlines operations and decision
making Managing risk through thorough due diligence Maintaining
cash reserves and diversifying investments Sales safeguards Long
term stability Effective scaling strategies Optimize returns
while mitigating financial risk allowing investors to expand

(55:14):
holdings systematically and sustain long term wealth accumulation.
Kathy, what's your view on reinvesting rental income
into more properties versus using it for personal
financial goals? It just depends on your situation.

(55:34):
So if you are in the growth stage, you are
maybe younger, you're trying to build for your future for your
retirement. That's really what I see Buy and hold investing for
ultimately is being able to buy properties that
appreciate in value such that when you no longer want to work,
you have all these assets that have increased in value and the rents have

(55:55):
gone up as well. That to me is the
key to that. But let's say that you are already
wealthy and you're ready to retire now. When I say wealthy, I mean
you've accumulated enough wealth that you want to live off that
cash flow. Then you're done with the growth phase. But when
you're in the growth phase I started this career as a mortgage

(56:17):
broker. I'm all about leverage. If you can borrow money
to buy an asset, someone else pays that off for you
while it appreciates in value and the government gives you tax
benefits. Do as much of it as you can while you're young
so that you have time to let it grow like a garden as you get
older. You don't have those 20, 30 years to allow properties

(56:40):
to grow. That's the way I see it. I buy properties for 10,
20 years in the future. So I'm looking at something very
different than what somebody might buy today for cash
flow. Because I want to be in a market where I know that in
10 years, or at least I have a pretty good idea in 10 years it's
still going to be a good market. In 10 years it's still going to be

(57:00):
a good property. So I don't look at the day one numbers, I don't care.
I. People get so concerned about, I got to get a discount on this
property or else it's not a good deal. Is that discount going to matter in
10 or 20 years if the property's gone up 3, 4% every year and
you've doubled your money? You know, so knowing your strategy is
incredibly important. So yes, absolutely. If you're in the build

(57:22):
stage, take your money, your equity out of the property and buy as many as
you can. Jason, what are some
creative strategies for accelerating portfolio growth
without taking on excessive financial risk?
Well, oddly, and it is counterintuitive,
the least risky thing is to usually have more

(57:45):
leverage and have more debt on the property because the
more money you have in the deal, the more risk you
have as the investor. The more money the bank has in the deal, the more
risk they have. So that's one really important thing to
understand. It's counterintuitive. And, you know, if you really
think it through, you'll usually get it. I'm happy to explain more time

(58:07):
permitting, but that I think would be the first thing.
And then just buy your properties and hold them. Like Kathy
said, a lot of money gets eaten up in transaction costs and a lot of
investors lose out by getting discouraged by
little bumps in the road. And the real thing to
do is be a buy and hold investor. That works. The

(58:29):
best flippers that buy and flip
properties, they have spending money, but the people who have the real
wealth are the people who buy and hold. And so I would say that's
important. You said creative, so I don't want to, like, completely avoid
your question. There's all kinds of creative things you can do with real
estate. It's one of the most creative assets classes

(58:52):
out there. And, you know, you can do
wholesaling, you can do creative financing, you can buy properties
with, you know, multiple loans. You can do
buy, you can do leasebacks, you can do master
leases, you can do lease options. You know, there's just a
million different ways you can do things. I got started

(59:15):
because I was interested in creative financing. The first real estate
book I ever read was Nothing down by Robert Allen. And
there's just a lot of creative strategies out there. But the important
thing is to do something to get in the game. So if
you're listening to this and you're new and you're thinking about it, get in the
game. That's the most important thing. Doesn't much matter how you get in.

(59:37):
Be in the game, and a lot of opportunities will present themselves.
And if you've got a portfolio, you're probably seeing that
this works very well. So get more properties,
get in the game. Monick, what's the biggest mindset shift
that you think investors need to embrace when transitioning from owning
one or two properties to starting to scale their

(01:00:00):
portfolio? That is such a great question.
I think the biggest shift is that it's
possible for them. Knowing
that you can see, when I had this
shift and I started with two doors, and then
I never even considered, thought it would

(01:00:22):
be at all a possibility that I could have an apartment building,
and then just learning that, yes, I could get into
apartments. And then the first year that
I learned about this, I was able to go from
two doors to over a thousand doors
by partnering with other people.

(01:00:43):
I needed to just see that there was this possibility
that it was something that somebody like me could
do. I, I thought you had to be a billionaire to. To be able to
do it. I just, it hadn't even crossed my mind. So I think a. A
big reason, and it's so great. Everybody here is a
podcaster because as we share these stories of

(01:01:04):
possibility, as people see, oh, oh, that person did that,
maybe I could, too. Then that's when the
shift starts to happen. I think that's the biggest one. Knowing that
it's possible and not. And it's
not, not just possible, but anyone can do it. There are
so many creative ways to get in,

(01:01:26):
and there's. There are no limitations. Once, you
know, once you have a clear idea of where you want
to go, there are strategies to get you there.
Michael, I think you're a relatively young guy. You're a
new parent, so congratulations on that. Thank you. Wondering if you
can share some insights in to how

(01:01:48):
investors can manage cash flow efficiently, like when you first
started and then deciding to
refinance and continue growing.
Yeah. So kind of like we've been saying all session here that it
just so depends on every investor's goal and their personal
situation and where they're trying to get to. So I personally, I was

(01:02:10):
someone. I think Kathy mentioned it. I was a renter for seven, eight
years, owning investment properties, but I couldn't afford to buy my
own primary residence. Well, I didn't want to, for that matter. And so I think
it just depends and comes down to what are you trying to
accomplish? Do you need the equity to be pulled out of the
property? Because you're probably going to cannibalize the cash flow a little bit,

(01:02:31):
but could you go buy something else? That between those two things,
the Sum is going to be greater than its parts. Does that make sense? Or
maybe now you're in life mode, you've grown
enough and you don't need to continue growing and so you want to maybe leave
equity in the property because it's going to cash flow like a beast
and now you get to live your life and not have to worry about

(01:02:53):
continuing to grow. So it's a great question and one that I
think you got to look a little bit deeper to understand what makes sense for
every individual. Thank you. Anybody want to share a
closing thought? I mean, I think
Michael just said it is. There's no
specific advice that's going to be perfect for everyone. When I first started, I

(01:03:15):
bought a bunch of cash flow properties, cheap little properties in the Midwest.
They were, they were great for cash flow. They never really went up in value
that much. And then when I, then over
time I realized that they were older homes and they needed a lot of renovation
and a lot of the cash flow I got from those properties just kind of
went to pay repairs. And so there wasn't an upside and there really

(01:03:37):
wasn't cash flow. So over time I've just learned
to invest in quality properties and growth markets. That's what works for
me. And then now at this stage in life where I'm close to
retirement, I've taken a lot of those properties, the equity from them
or sold them. And I've got bigger, kind of more legacy
properties that I'm doing short term rental on. So

(01:03:58):
like Jason said, there's so much creativity in this industry and you
can, you have, once you have assets, then you can be
more creative. You know, you could sell them, you could refi them, you could renovate
them, you could put an ADU on it, you could short term rental, midterm rental,
there's so many options. But if you have no assets, you don't
have much to work with except, except, you know, maybe

(01:04:20):
cash. Anyone else?
Like we've been saying here, real estate investing is not one size
fits all. So depending on your personal
goals, there are ways to do it. But it is something
that I think everyone can get in in their way
and can benefit from it, from the cash flow, from the appreciation,

(01:04:42):
from the tax benefits. And so I encourage everyone
to get in this game in whatever way works best for you and
we'll meet your goals. Michael, thank you. I just
want to share that like everyone's been saying today, education is so paramount
and so key to doing anything, let alone real estate investing. So go look
to understand both what the upside potential is, but also look to understand

(01:05:05):
the downside because the last thing I want to see is for people to get
in this because they hear so many success stories and they hear that real estate
is so doable only to find out that it wasn't for them for whatever
reason. So go get educated and then go look to find the people
that have what you don't. Whether that's time, whether that's money, whether that's
access to deals. If you're lacking in one of those three areas and bring them

(01:05:26):
into the fold, do this with someone. It doesn't have to be, you don't have
to be a lone wolf out there. It's been said a million times
today, just go get started, go do, take action and do
something. And Jason. Yeah, you know,
income, property is the most historically proven asset class in the entire
world. It's the most tax favored asset class in America.

(01:05:48):
Taxes are usually the largest expense anybody has.
So learn how to save on taxes. Buy income, property
and you'll save on taxes. It's such a great
asset class. And you know, just, just do it. And if you're
already doing it, do it more because it is definitely the
most, most proven asset class there is. And you

(01:06:10):
know, you don't have to believe anybody saying that. You can just
look around because all of us know people who have made
fortunes in real estate and they're,
they're just the constant examples reminding of,
reminding us of this. Sorry, I need to eat lunch.
I'm a little hungry. All right. And so anyway, it's just a

(01:06:34):
great asset class. Get started. And if you're already started,
just keep diving in. It's been great for me. It's been great for
so many people that we all know. So lots of examples
of success out there. Thank you. We're going to leave it there. We're going to
let the Californians eat lunch. I will say that it's even worse on the east
coast if I haven't had lunch yet. And

(01:06:56):
wow, this has just been an incredible discussion. We covered a lot
of ground from choosing the right rental properties to financing
strategies, market analysis analysis and how to scale a real
estate portfolio in today's market. So
many takeaways. I think that for me it's
about getting started that successful real estate investors.

(01:07:18):
It's not about waiting for that perfect deal
that you. Rather you have to be adaptable. So whether
it's, you know, Burr method or creative financing or shifting
investment strategies, whatever creativity is needed.
The key is to stay educated, to take action and to
adjust to market conditions. So Inspired Moneymaker,

(01:07:41):
I want to leave you with a challenge for the week. Find one
potential rental market that interests you and start researching.
You can look at job growth, population trends, rental
demand. Even if you're not ready to invest today, building your
market knowledge will help you to spot the right opportunities when they
come. Then share your project. Share your progress with me.

(01:08:03):
Tag me on LinkedIn or social media. Send me a message. I'd love to
hear what you're working toward. A shout out to
the Inspired Money team. Excellent segment Edits by Bradley
John, Eagle Feather and graphics by Chad Lawrence.
Let's once again thank our amazing panelists one more time. Our
panelists are what make this show great, so be sure to follow

(01:08:24):
them. Find more about Kathy
Fettke at realwealth.com Check out her books Retire
Rich with Rentals and Scaling how to Design a Self Managing
Business. Listen to her podcast the Real wealth show and the Real
Estate News for investors. For Jason Hartman, visit
empoweredinvestor.com and
jasonhartman.com listen to creating wealth

(01:08:47):
podcast and learn more from Michael Albaum
at MyFIAcademy and Boldstreet.AI.
Be sure to subscribe to the Remote Investor Podcast
and Monick Holm. Visit
realestateinvestorgoddesses.com Go read her best
selling book, the Real Estate Investor Goddess Handbook and invest like a

(01:09:08):
goddess. Watch her TED Talk. Listen to the Real Estate Investor
Goddesses Podcast. Kathy, Jason, Michael,
Monick, so many great resources that you shared
today and you guys have so many resources on your platform.
So I encourage encourage everyone to
find and follow them. The next Inspired Money episode

(01:09:29):
will be Retirement Income Maximizing Returns
for Financial Freedom. That's next week, Wednesday, March
27th. Our guests at this moment are
professor at the American College of Financial Services Wade
Pfau, Dana Anspach, CEO of Sensible
Money and veteran financial journalist Mary Beth

(01:09:51):
Franklin, one of the nation's leading experts on Social
Security, Medicare and retirement income planning. The fourth guest
is TBA. See you next week. Until then, do
something that scares you because that's where the magic happens. Thanks everyone.

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