Rich Fettke and Daryl Urbanski discussed various real estate investing strategies for generating passive income, emphasizing the importance of collaboration, shared knowledge, and philanthropy. Daryl and Rich shared their personal experiences and insights on overcoming entrepreneurship challenges and building successful teams, highlighting the importance of resilience, self-awareness, and prioritizing what matters in their personal and professional lives. They also discussed common mistakes made by real estate investors and the benefits of investing in cash-flowing income properties in emerging US markets.
Here are the reasons why you should listen to the full interview
Learn how to avoid the most common mistakes in real estate investing.
Discover the potential of Real Wealth Networks' weekly webinars that feature different markets.
Understand the key considerations and strategies when investing in foreign properties.
Resources
Interview Highlights
Real estate investing with a successful entrepreneur and surfer with Rich Fettke
- Daryl Urbanski interviews Rich Fettke on passive income properties.
- Rich, a record-holding adventure sports enthusiast, joins the show to share his real estate investing expertise.
- Rich and Daryl discuss the importance of gratitude and mindfulness in starting the day.
Entrepreneurship, self-belief, and career progression
- Rich Fettke overcame belief inadequacies with competitive bodybuilding, setting measurable goals and seeing results.
- Rich Fettke still deals with self-doubt, "itty bitty shitty committee" in head.
- Second venture would be more successful due to learned lessons.
- Daryl Urbanski interviews Rich Fettke about their career path, from owning a gym to becoming a business coach.
- Rich Fettke shares insights on creating automation, expanding beyond a single niche, and empowering people through coaching.
Building a team, hiring smarter, and empowering employees
- Leaders' most important job is to have effective conversations, empowering people and making them smarter.
- Rich Fettke advises overcoming fear of building a team by "feeling the fear and doing it anyway."
- Hiring people who are more talented and experienced can help reach business vision faster.
Cancer diagnosis and financial recovery through real estate investing
- Daryl Urbanski asks Rich about their business ventures, and Rich Fettke shares their journey with cancer diagnosis and treatment.
- Rich recounts their experience with melanoma and the liver masses, and how they were lucky to have received a clean bill of health after several surgeries and tests.
- Rich Fettke's wife Kathy started a radio show to create income, interviewing successful real estate investors and mortgage brokers.
- Rich helped Kathy grow Real Wealth Network, a company that has helped 25,000 members create passive income and live life on their own terms.
Real estate investing with a focus on avoiding common mistakes and finding successful strategies
- Daryl Urbanski and Rich discuss the importance of creating real wealth, not just accumulating dollars.
- Rich Fettke shares testimonial videos of couples they've helped over the years, showing how real estate investing can provide good income without weight and baggage.
- People spend thousands on education, don't own properties.
- Fixing and flipping is a mistake, not passive investing.
- Rich discusses common mistakes made by people investing in real estate, including overpaying for properties and trying to manage them themselves from afar.
- Affiliates of Rich Fettke's company are vetted thoroughly before being accepted, with only 12 markets currently available to invest in.
Real estate investing, property management, and market analysis
- Daryl Urbanski seeks real estate expertise from Rich and Kathy, who have pre-screened properties and market analysis knowledge.
- Kathy's market timing and analysis expertise helps identify up-and-coming markets, like Reno due to Tesla factory presence.
- Rich explains how real wealth network helps people create real wealth through real estate investing.
- Rich discusses considerations for managing property managers, including monthly statements and addressing vacancies.
Building an audience through podcasting and video content
- Rich Fettke describes how the network's power can be leveraged to resolve issues with property managers.
- Urbanski highlights the importance of building a pain of disconnect to create a loyal customer base.
- Rich discusses the success of their podcasts, Real Wealth Show and Real Estate News for Investors, which consistently rank in the top three spots on iTunes for real estate investing.
- Rich Fettke emphasizes the importance of educating listeners through podcasting and video content, building trust and credibility over time.
Habits and rituals for success, including weekly coaching forum and quarterly retreats
- Rich highlights two habits that have contributed to their success: consistently showing up and being adaptable.
- Rich creates a coaching forum every Monday to reflect on their week and set goals for the next week.
- Rich uses the forum to track their progress and stay accountable to their goals.
- Rich prioritizes 3 main intentions for quarterly retreats with team, focusing on big outcomes and avoiding distractions.
Overcoming envy and staying grateful through mindset work and mentorship
- Daryl Urbanski and Rich discuss the concept of "doing less better" and the importance of gratitude in avoiding envy.
- Rich shares how they use excitement instead of envy when seeing someone achieve something cool, and how they remind themselves of what they're grateful for to maintain an abundant mindset.
- Daryl Urbanski and Rich mention various mentors who have influenced their lives and businesses, including Michael Gerber, Brian Tracy, Arnold Schwarzenegger, and Richard Carlson.
Real estate investing for wealth creation, with emphasis on cash flow and tax benefits
- "I want to live like the man who passed away, with loving, kind, calm, and zen energy."
- Daryl Urbanski: "Future real estate trends include holding people accountable, having a team, and investing in forever assets like land and real estate."
- Daryl Urbanski and Rich discuss the real estate industry, highlighting its potential for building wealth and resilience in market fluctuations.
- Daryl and Rich emphasize the importance of education and being prepared for market cycles to continue thriving in real estate.
Real estate investing with a focus on due diligence and teamwork
- Daryl Urbanski and Rich discuss their real estate investment company and its philanthropic efforts.
- Rich shares how their membership program has grown since lowering the monthly fee and donating 100% of it to charity.
- Daryl Urbanski asks about due diligence for real estate investing, and Rich Fettke provides a checklist for investors to follow.
- Rich Fettke explains that attending webinars and strategy sessions can help investors feel solid before starting the process.
- Daryl Urbanski expresses gratitude and appreciation to Rich for being a role model and friend.
- Rich shares three lessons learned and actions he can take in the next 24 hours to help him achieve his goals.
Expertise: Business Growth, Sales, Marketing Automation, Leadership