Episode #176 Welcome back to Get in the Cashflow Game with K&K! This is a very loaded episode with award-winning realtor Patrick Kappel. Patrick loves real estate - loves buying them, collecting a portfolio, helping people start their own portfolio, and helping them build wealth in the process. You will never get better advice than buying real estate at any time. Make that decision to buy your first real estate and don't look back. This is a must-episode! Be sure to watch until the end and share with your friends and link to your socials. Highlights: 01:25 - Introduction 02:00 - Making the first real estate purchase 05:00 - The Secret to be successful in real estate investing 07:35 - Your first property 10:03 - Building wealth through real estate 11:20 - Building a real estate team 13:00 - Metrics for the team 13:57 - Educating clients as a strategy 17:55 - House hacking 20:00 - Real estate appreciation in San Diego 28:00 - Negative cashflow real estate 32:00 - The purpose of your investments 36:50 - The biggest issue in RE 41:00 - When you should buy real estate 45:40 - When is San Diego going to have a healthy RE market 50:00 - Why you should invest in San Diego real estate 56:00 - Big money and decisions 58:51 - END Thank you so much for watching! See you again next week for another exciting episode! ------ To learn more about our guest, Patrick Kappel, visit: https://kappelrealtygroup.com/ To learn more about our podcast hosts Krystle and Kenny, follow them on Instagram: 📸 Krystle's Instagram: krystlersimpson 📸 Kenny's Instagram: kennybsimpson Learn more about property investing from Kenny & Krystle HERE: www.getinthecashflowgame.com ------ SPONSORS: 🤝 Prime Corporate Services: Whether you’re new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you’re saying, I’m brand new to starting a business and all of this sounds foreign and complicated, remember, this company helps new people just getting started every day. They will help you form the entity that’s best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! 🤝 Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that’s $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you!