Episode #458
Episode Show Notes: https://link.chtbl.com/Rookie
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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!
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!
