This episode is sponsored by LowestRates.ca, where you can find the lowest rates in Canada for your mortgage, auto insurance, life insurance, and more…just that. Make sure to check out their awesome blog, especially their Young Money series.
Ever thought about diving into the real estate investing world? I always have, which is why it was such a treat to talk to real estate expert, author, and Real Wealth Network co-founder Kathy Fettke. Finally, I had someone to ask my many real estates investing questions (and if you listen to the episode, you’ll know I had a ton!)
The biggest takeaway I got from my interview with Kathy was that the real investing game is largely about risk, trust, and knowing when to say “yes” or “no”. There are so many real investing programs out there that will try to sell you a dream that isn’t actually achievable, spew outdated information or charge you 5-figures for access to their investing “secrets”.
Don’t buy into this! And Kathy would agree. Real estate investing is not about getting rich quickly, it’s a long game. It means buying the right property at the right time, then renting it out, holding onto it for a number of years, then choosing to sell it at the right time.
She even suggests you’ll make more money by becoming a landlord than trying to flip a property.
Flipping may seem like the trendy thing to do with so many shows on HGTV dedicated to the practice, but in the end, you won’t make as much as renting out your place and getting those renters to essentially pay your mortgage.
I know I still have a lot to learn before my husband and I decide to buy our first investment property, but I’m glad many of my questions about how to get started are now answered!
Learn More About Kathy
Kathy’s Tips on Real Estate Investing
- Fastest Appreciating Real Estate Markets in the U.S.
- What Type of Commercial Real Estate Will Thrive in 2017
- How Election Results Are Affecting Home Buyers and Sellers?