by Julie Broad
I sat here for nearly an hour trying to figure out how I could best recap an entire year of new adventures, new challenges and new friendships and I decided the absolute best way I could do this was to feature one single article, video, or post from each month. In most cases it will be the most viewed item of that particular month but in some cases … well … it just might be my personal favourite… and you can tell me in the comments if I missed something or if you would have picked something else!! All right… here we go…
Property management is not something I enjoy … at all. And Dave shared the story about how we both concluded that I was not well suited for it. Nor did I feel it was a good use of my time … and it does require time to effectively manage a property! This really resonated with people as we continue to receive emails from our newsletter subscribers who say they really related to how I felt in the situation!
For us, the most exciting thing was that we began to roll out our new real estate investing course. As we welcomed students into our program we also got a lot of emails asking about our program. Most people wanted to know if our program would help them start real estate investing even though they don’t have money. Our program covers that … we’ve done many deals where we invest very little of our own money into the deal … but these people weren’t just concerned about buying real estate with no money… they wanted to make millions FAST without spending much time or any money to do so.
We had to write a lot of letters of apology saying that we’re all out of magic buttons. But if they find someone with a functioning magic button we too would like one because so far what we’ve found works very well, but there’s definitely work involved. And the wealth and financial freedom with our method does not happen overnight.
Our dose of reality was swallowed with mixed responses … after all those guys on the infomercials and free seminars sell easy money and fast retirement so there are still people out there looking for it … and it does seem to work for a few people, but we’re realistic. We tell the truth… and the truth is that real estate investing creates massive wealth over time. And real estate investing is simple but it’s not easy!!
Anyway… this one spreadsheet Dave created and shared received a TON of feedback both in our blog and by email. It was in response to a potential students request for a plan to create $20,000 in passive income in five years.
Our response and the spreadsheet we created was not welcomed with open arms by the person who wrote to us. Needless to say they did not sign up for our program but that is ok. We’re not selling hype. And in fact the spreadsheet Dave created is a bit optimistic for many folks but we believe it is still very realistic. You absolutely could do much better than the plan Dave lays out in the Outline for Creating $20,000 in Passive Income in 5-7 Years … but we’re trying to show you what is realistically possible.
A surprise winner for the entire year… not just the month of March … is the blog post we threw together after helping our soon to be married friends and now expecting parents Cam and April prepare for the purchase of their new home. And they certainly did well to buy when they did and with the extras they negotiated in. And this post… all about the things to negotiate with a builder when buying a new home continues to be the most viewed post on our blog month after month.
Our Rev N You with Real Estate Newsletter celebrated it’s 3rd Birthday!! It’s hard to believe we’ve been writing our newsletter for over 3 years… and as our newsletter was now in it’s fourth official month of being a real live online business, I was heading down to Austin for Part 2 of a mentoring program put on by Keith Cunningham. And it’s from the teachings of Keith that I put together my thoughts around one of my favourite articles of 2009:
May reminded me once again why I refuse to let Dave get us into flipping properties. After a second month of vacancy was looming at a duplex of ours in Nanaimo we decided to tackle some much needed upgrades and repairs. My brother Wes had just lost his job because the company he was working for went out of business. But thankfully, both he and my other brother Dan are carpenters and are within an hour or so drive of the property so we figured it was a good time to tackle the project, get some family labour and get the place rented.
Well… we had it rented before we even finished… but the job was twice as long, twice as expensive and twice as labour intensive as we figured reminding me once again why I refuse to flip houses for profit!
Put simply… June was pretty crazy as Dave was away fishing for Halibut and I went to Florida … but around that we interviewed two really interesting authors: William Lederer and James Randel. I think James Randel was our best teleseminar all year.
As we worked on buying a couple of properties in Kelowna, BC we learned another lesson about pricing risk into your deals. We also met the most responsive, hard working and reliable realtor we have ever worked with in our lives in Kelowna – Brenda Bachmann. We can’t say enough about how wonderful it is to have her on our team!
We attended the wedding of our friends Cam and April in Newfoundland. There’s plenty of things I could share about this particular month (viewers of our Real Estate Millionaire Video Series know what I am talking about – as our vacation was rudely interupted by the almost crumbling of two deals we were working on at the time… oh fickle fickle lenders how thee ruined our trip) but I will stick to the most interesting experience we had… and our third most watched YouTube video of 2009:
Newfoundland Screech in and Kissing the Cod Ceremony
We attended Engage Today 2009 where we saw Richard Branson, the Dalai Lama, Stephen Covey and many other incredible minds from around the world. We have never attended any event so life changing, inspirational and influential. I don’t think a single person who was there would disagree with us on this. We can’t wait to share the virtual experience with you – which is going to be available in late January.
(My favourite post about Engage Today is actually: Chase the Vision Not the Money).
I was crowned the winner of MustKnowInvesting.Com’s Battle of the REI Blogs 2009!
Thank you – again – to everyone that voted for me! And also to Patrick Riddle for hosting the battle. It was so much fun, and I am pleased to say that thanks to the battle I have new friends in Steph Davis, Shae Bynes, Susan Lyons, Ron Mead and JP Moses…
Here’s my victory video:
It’s tough to pick just one thing from November … we were in Florida for nearly two weeks. I actually had dinner with Michael Masterson … one of the people that has played a really big role in shaping me as a business person and investor. So, to be able to sit down with him and only a few other folks, over dinner was something that I could not skip as a November highlight. But I also had the chance to learn a networking tip from the king of connections Larry Benet, and we filmed a little video on the South Florida market with Shae Bynes of Goodfaithinvesting.com. So… what to pick?! Your favourite was actually the article I wrote on the Three Things I Learned from Michael Masterson … so there it is!
The month of December really seemed to be spent working with our 12 Months to $1 Million club members… and one of the subjects that keeps coming up is Rent to Own deals … so we created this little podcast from one of our group coaching calls and shared it with everyone. The response has been incredibly positive so that was definitely the winner… and our little membership program has also been a winner. We have just under 100 members in the club and we’re having so much fun with them! We’ve had calls on joint venture partnerships, the #2 secret to buying $1 Million in rental property in just 12 months and we’ve been sharing videos and special reports with them… it’s been really fun and we’re planning some additions and upgrades to the program in 2010!!
So that was 2009… in pictures, videos and blog posts!!
We are really looking forward to 2010! We’ve got some pretty ambitious plans to help you out with your real estate investing and hopefully some things to interest and entertain you as well!
So… what did I miss? What was your favourite article, blog post or video we did in 2009? And what do you want to see in 2010?? We would love to hear from you!!