Kathy Fettke | RealWealth Podcast Shows

Channel • 2 Shows

Investing

Investing

Updated weekly
Investing

Investing

Updated weekly

10/04/2021

Investing in Real Estate: How Real Estate Investors Can Protect Their Assets with an LLC (Audio)

Building a portfolio of rental properties can be your ticket to financial freedom. But it also exposes you to risks and the need for asset protection. One way to do this is by transferring your investment properties into an LLC, or another kind of legal entity, like a land trust. That topic inspires many questions among new investors including where they should set up their LLCs. In this episode, we hear from tax and asset protection attorney, Clint Coons, who will answer that question and many more with easy to understand explanations. Among the topics he’ll cover are the where, the why, and the how you might want to set up your LLC along with the difference between LLCs and other entities. You can schedule a free session with someone at Clint's firm or watch the replay of a recent webinar by Clint on our website. You need to be a Real Wealth member to access the webinar replay inside our investor portal, but joining is easy and free at www.realwealthshow.com. Audio Transcript: [music] [00:00:00] Announcer: You're listening to The Real Wealth Show with Kathy Fettke, the real estate investors resource. Kathy Fettke: A common question we get from our Real Wealth members is where should I set up my LLC for the best asset protection? Well, it's not that simple. I'm Kathy Fettke. Welcome to The Real Wealth Show. Today's guest is full of information on how to protect your assets from lawsuits. I learned so much from this interview, and I'm so glad I don't have to figure this stuff out on my own. We've got an expert here to do that for us. Clint, welcome back to The Real Wealth Show. Clint Coons: Thanks for having me. Kathy: I got an email recently from somebody saying is it illegal to have an entity in another state from where you live? Thinking that you're tricking the IRS into thinking that you live in that state if you have an entity there. What's your response to that? Clint: That's incorrect. Obviously, you can set up a business entity wherever you want. If you're going to own real estate in another state, take, for example, Florida, then you're legally required to have an LLC set up there or registered to do business there. For example, if you lived in California, and you had property in Florida, you take your California LLC, and you would register it in Florida to conduct business. It is doing business there. It doesn't matter where you sit, where you live, and where the entity is located. In the eyes of the IRS, it all flows back to you, and you're going to pay taxes on that money, regardless. They don't care where it's set up. Kathy: What you don't want to do is say open up a Nevada LLC, and say you live there when you really live in California or something like that. That would not be okay. Clint: That's a different strategy. That is basically tax avoidance where people will-- This was [00:02:00] really popular back in the early 2000s. There'll be a lot of advertising, "Hey, set up an entity in tax-free Nevada and pay zero tax." People would do that with the thinking that if they had an entity there, they wouldn't be subject to federal income tax or state income tax on their business that is derived from a particular state. What we found back in those times that you'd have a lot of Californians would set up Nevada entities, run an active business through their Nevada entity that's actually taking place in California and try to avoid all California state tax. Some people even think that they didn't have to pay federal tax. Those people ended up wearing orange jumpsuits out of them or else having a lot of fines when they were caught. Kathy: You don't want to lie about where you live. In our case, our business is in all kinds of states, but we live in California. No matter what, we got to pay California tax unless we moved. In that case, if we moved, you have to live at least more than six months of the year somewhere else. Is that right? Clint: Yes. If you wanted to change your domicile out of a particu

10/04/2021

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34 min
07/01/2021

A Real Wealth Story: From Russian Refugee to CEO of a National U.S. Investment Firm (Audio)

In this episode, we bring you another Real Wealth Story with both Kathy and Rich Fettke as hosts. Our guest is someone who came to the United States as a refugee from the Soviet Union. He emigrated here with his mother out of fear for their lives, and has worked hard to rebuild his life in a free society -- first in the information technology field, and currently as a real estate investor and fund manager. Mike Zlotnik joined Tempo Funding, LLC in 2009 as a managing partner, and Vice President of funding operations. Also known as “Big Mike”, he assumed the responsibility of CEO in 2014 and has since founded the TF Management Group and three new investment funds. He holds a Bachelor’s degree in mathematics, participates in various real estate and mastermind investor groups, and hosts a podcast for investors called “Big Mike Fund Podcast.” www.RealWealthShow.com

07/01/2021

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31 min
19/02/2021

Investing in Real Estate: She Quit Her Cushy Job and Launched a Fix-and-Flip Career with No Experience (Audio)

It takes imagination and courage to break out of the financial safety net we create for ourselves with a 9-to-5 job. Many of us dream about doing it, and few of us actually go through with it, especially when it comes to giving up a cushy high-paying job for a career field we know little about. Leka Devatha took that chance about 7 years ago. She quit her job at Nordstrom to try her hand at fixing and flipping homes. After a string of successful flips, she obtained her broker's license in 2017 and became one of the top-producing agents in her office. She has now flipped over 50 homes and has expanded her focus to include land development, additions, acquiring long-term rentals both in-state and out-of-state. She also serves as an advisor on the board of Certain Lending, a FinTech company based in San Francisco. She enjoys inspiring and motivating other entrepreneurs to build successful businesses and for this reason hosts a monthly meetup, “Real Estate at Work” to bring new and seasoned investors together. www.RealWealthShow.com

19/02/2021

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24 min
26/02/2021

Investing in Real Estate: Raising Money Through Real Estate for Yourself and for Charity (Audio)

Building wealth is something that we do for ourselves and our family, and for some, it’s also a way to “give back” to people in need. In today’s episode, we’ll hear from someone who started his real estate career so he could raise enough money to help orphans around the world, as well as his family. He’s truly a good, good soul. If you think investors are more self-serving than that, this interview might change your mind. Our guest, Whitney Sewell, became a federal agent after serving in the military at a very young age. When he got married, he and his wife, Chelsea, decided to adopt at-risk children but realized they needed more time and money to fulfill their charitable dreams. Whitney had heard that other people could build wealth through real estate, so he thought he could too. He and his wife bought two triplexes. They also lost a lot of money on those initial investments but learned a lot, as well. Today, they personally own more than 250 units and their company, Life Bridge Capital, has invested in more than 900 doors worth more than $120 million. Inspired by their desire to help orphans and their families, the Sewells founded the Life Bridge Foundation, and donate 50% of their profits to the foundation. Whitney is also the host of the Real Estate Syndication Show. Links: www.RealWealthShow.com https://lifebridgecapital.com/ https://lifebridgecapital.com/podcast/

26/02/2021

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22 min
16/12/2020

Tax Strategies: Last-Minute CARES Act Tax Deductions for 2020 (Audio)

While 2020 has been a difficult year for many people, the CARES Act has provided some unique tax deductions. But they won't last forever so it's important to take advantage of them now. Today's guest will talk about these one-time tax strategies, and how investors can use them to save thousands of dollars. Toby is a nationally-renowned tax attorney who agreed to come on the Real Wealth Show as a preview to a webinar he's hosting with us this Thursday, December 17th. It's called "Last-Minute Tax Strategies for 2020" and it's free for RealWealth members. If you're not yet a member, it's easy to sign up, for free. Just go to www.join.realwealth.com. www.RealWealthShow.com

16/12/2020

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36 min
29/04/2021

U.S. Economy: Peter Schiff on the Risk of Too Much Easy Money from Uncle Sam (Audio)

The printing of trillions of dollars seems to be the new normal. But is it? And does it have to be paid back, and if so, how and by whom? And if it can't be repaid, then what? These are some of the questions nobody really wants to answer, except one guy, who's been asking this question for over a decade when quantitative easing became the way to avoid recessions. Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast. He is the Chief Economist & Global Strategist of Euro Pacific Capital, Chairman of SchiffGold, and Founder of Euro Pacific Asset Management and Euro Pacific Bank. And he's here with us in this episode. If you'd like to hear more about Kathy's thoughts on the housing market and where it's heading in 2021, watch her recent webinar at: www.realwealthshow.com/2021 Click here to join the network for free Link: https://europacificfunds.com/

29/04/2021

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32 min
04/03/2022

MBA Forecast: 2022 Economic Risks & Real Estate Investing Optimism

There is a lot of uncertainty in the financial markets right now. We’ve had more than two years of COVID-19 and now there are worries about inflation, rate hikes, housing costs, supply chain issues, a labor shortage, and a war in Ukraine. How can investors make good financial decisions when they don't know where our economy is headed? In this episode, you’ll hear from Mike Fratantoni of the Mortgage Bankers Association to help us understand what we may be facing in 2022. As the MBA’s Chief Economist and Senior Vice President of Research and Industry Technology, he’s responsible for overseeing the MBA’s industry and benchmarking surveys, economic and mortgage origination forecasts, and policy development research for both the single-family and commercial/multifamily markets. He has also worked as a senior economist and risk management expert at Washington Mutual and Fannie Mae. If you’d like to learn more about the real estate business and how you can buy cash flowing rentals, go to realwealthshow.com and sign up for free. As a member, you’ll get access to the Investor Portal where you can see sample properties and connect with our network of resources. That includes experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more. And please remember to subscribe to our podcast and leave a review! Thank you!

04/03/2022

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33 min
06/02/2021

A Real Wealth Story: Gearing Up to Quit Their Tech Jobs as Portfolio Grows (Audio)

What started off as a dream to own their own home, turned into a passion for real estate investing and plans to retire by the age of 40. They got their start in their early twenties in the midst of the housing market crash of 2008. Now, with just a few years left until their 40th birthdays, they are on track to become job optional. Ryan and MaryAnne are the children of immigrants, who grew up with visions of opportunity and the goal of financial freedom. In today’s interview, both Kathy and Rich Fettke will be asking them about their Real Wealth Story: How they got started in real estate, and how they have collaborated in the purchase of rental properties many miles from home. Their answers are not only educational, but inspiring to others who would like to do the same. www.RealWealthShow.com

06/02/2021

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30 min
07/05/2020

U.S. Economy: When Will We Return to Normal? What Will it Look Like?

Are we looking at another foreclosure crisis? Or is all this government stimulus going to save the economy? Will the jobs come back? Will demand grow for rental housing? What's the upside for real estate investors? Our guest today is a leading economist and recognized authority on personal finance, U.S. housing, and economic trends. Cristian deRitis is Deputy Chief Economist at Moody’s Analytics and was named on two U.S. patents for credit modeling. He created loss forecasting and stress testing systems for financial institutions. He joined Moody’s in 2008, after serving as a director with Fannie Mae. He was also an adjunct professor of economics at Johns Hopkins University. www.RealWealthShow.com

07/05/2020

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21 min
22/04/2021

A Real Wealth Story: How One Young Couple Discovered Real Estate During the Lockdown (Audio)

It’s a story of romance and financial freedom. Rachael Visconte and Patrick Julian both worked in the entertainment industry and met each other on-the-job in Los Angeles. When the pandemic hit, the feverish pace of their work world suddenly turned into a more tranquil work-from-home scenario. They had time to slow down and reflect on what they wanted out of life. It was during that time that they decided to build a real estate portfolio to secure their financial future. With the help of RealWealth and lots of their own investigating, they bought their first investment property last summer and there’s no stopping them now. In this episode, they join both Kathy and Rich to talk about their goals for financial freedom, and their future plans to become parents as Rachael and Patrick Julian. For more information, go to: www.RealWealthShow.com Click here to join the network for free

22/04/2021

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29 min

Smart real estate investing will give you the time and the money to live life on your own terms! We call that real wealth. Kathy Fettke launched her first podcast, the Real Wealth Show, in 2003 to share her own secrets and those of top experts in the real estate investing field. She along with guests like Robert Kiyosaki, Loral Langemeier, Peter Schiff, Doug Duncan, John Burns, Bruce Norris and other rising real estate stars offer insights on the creation of passive income through real estate, and how to avoid costly mistakes. This was one of the first podcasts on iTunes and is still going strong today with a loyal following and weekly episodes to give you the expert advice you need to make smart decisions when building your real estate portfolio. www.RealWealthShow.com Kathy launched her second podcast, Real Estate News for Investors, in 2013. In this podcast Kathy brings you the latest reports from organizations like the National Association of Realtors, Realty Trac, Fannie Mae, Freddie Mac, Zillow, Trulia, Redfin, Rent Range, Property Radar, the Norris Group, Peter Schiff, Robert Kiyosaki’s Rich Dad, Suse Orman, Bigger Pockets, Dave Ramsey and more. And she helps you interpret the data in terms that make sense for your real estate goals, and portfolio. Grow and protect your wealth by staying on the forefront of economic data analysis, expert opinions, innovative investing strategies and profitable investment opportunities. Kathy shares all the top real estate news stories and the best trade secrets investors should know, so you can stay ahead of the curve and make fully informed real estate decisions. This podcast comes to your device several times a week featuring the latest stories, in addition to a weekly news brief summarizing the top real estate news stories of the week, mortgage rates, economic news, and more! This is a must subscribe for any real estate investor. www.NewsForInvestors.com With a passion for researching and sharing the most important facts on real estate and economics, Host Kathy Fettke is a frequent guest expert on such media as CNN, CNBC, Fox News, NPR, CBS MarketWatch and the Wall Street Journal. She is the author of the #1 best seller, Retire Rich with Rentals, and is host of The Real Wealth Show – which is a featured podcast on iTunes with listeners in 133 different countries, and its companion podcast, Real Estate News for Investors. Kathy received her BA in Broadcast Communications from San Francisco State University and worked in the newsrooms of CNN, FOX, CTV and ABC-7. She’s past-president of American Women in Radio & Television.

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Top Shows

Investing in Real Estate: How Real Estate Investors Can Protect Their Assets with an LLC (Audio)

A Real Wealth Story: From Russian Refugee to CEO of a National U.S. Investment Firm (Audio)

Investing in Real Estate: She Quit Her Cushy Job and Launched a Fix-and-Flip Career with No Experience (Audio)

Investing in Real Estate: Raising Money Through Real Estate for Yourself and for Charity (Audio)

Tax Strategies: Last-Minute CARES Act Tax Deductions for 2020 (Audio)

U.S. Economy: Peter Schiff on the Risk of Too Much Easy Money from Uncle Sam (Audio)

MBA Forecast: 2022 Economic Risks & Real Estate Investing Optimism

A Real Wealth Story: Gearing Up to Quit Their Tech Jobs as Portfolio Grows (Audio)

U.S. Economy: When Will We Return to Normal? What Will it Look Like?

A Real Wealth Story: How One Young Couple Discovered Real Estate During the Lockdown (Audio)

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