A Day in the Life of the Best Real Estate Investor
by Julie Broad
Two days ago we sent out a note of enormous THANKS to our newsletter subscribers for all their votes in the recent Canadian Real Estate Magazine’s Reader’s Choice Awards. We took home TWO awards … which is pretty cool! We won for the best real estate investing website AND the best investor. It’s truly an honour and we also want to thank our blog readers that voted! It means a lot to us!
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My legs were burning and heavy with exhaustion. My lungs were tight. I was heaving like an asthmatic as I pumped my arms. Every inch forward was a struggle but after a minute or so of pushing myself forward I was almost at the top of the sixth hill of my training run. And pretty much as soon as it started to level out I started to think about all the reasons why I didn’t have to do the seventh hill.
I don’t believe there is such a thing as passive income from real estate … the reality is that you have to stay actively involved in your real estate investments. Passive means you can do nothing and make money; if you do nothing eventually things will fall apart. Even if you’ve hired a property manager to oversee your properties for you, it’s still important to spend a few hours a month checking over the details of what is happening at each property. It’s starting to become my mantra, but it’s true: nobody loves your money like you do.