You’ve probably heard that real estate is one of the best investments out there, but if you’re like we were 10 years ago, you probably have no idea how to get started.
Or, maybe you have 1 or 2 rental properties, or you’re renting out a suite or room in your house… but you don’t know how to create truly passive income with real estate….or to grow your empire so you have more freedom in your life.
Buckle up - you’re in for a treat today because I’m being joined by my husband, Troy Michaud.
In this episode, you’ll hear about our 10 year real estate investing journey. You’ll learn how we went from 2 to 22 rental doors in the last 2.5 years (and what it took to get us there).
You’ll also hear the key mindset shifts and actions we took that allowed us to a) get STARTED and b) EXPAND our business really quickly in the last few years.
Most importantly, you’ll stop telling yourself that “its’ too late” or “that you’re not ready” or “you don’t know how” or being so afraid of failure that you never get started.
We hope you’ll be inspired by our story, you’ll learn from our mistakes (which we’re sharing here too!!) and you’ll leave this episode excited to decide what’s next for you in your real estate journey: whether it’s just fulfilling your curiosity, deciding to buy your first investment, or your 100th!
Here are the juicy bits you can look forward to:
What our very first step into real estate looked like 3:20
Why it’s never too late start investing in real estate 7:10
Our next step at 24-years-old into the real estate market 9:00
How my health scare and the market decline culminated in selling one of our properties 12:30
Our advice to overcome the challenges of living far away from your properties 16:15
How we got into the rent-to-own market 18:15
What it was like to buy a house in Vancouver in 2015 22:20
Our top tip for paying your mortgage down faster 27:30
What our first foray into Kelowna real estate looked like in 2017, and what it looks like now 29:50
How 2018 brought us into multi-unit dwellings 37:25
How we ended up owning real estate on the East Coast of Canada 40:50
What our investment strategy looks like today 45:50
How we have gotten creative with financing 47:50
What Troy loves most about real estate 49:00
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Ask Lisa & Troy a question for a future episode: leave us a voicemail here: www.lisamichaud.com/askaquestion
Quotes to Share:
Download and share the quotes you loved on your social and inspire those around you:
“Theres a part of us that had to be comfortable with risk.” - Lisa Michaud
“It’s taken time to get here, we’ve made good decisions, and go with the risk that we’re comfortable with.” - Lisa Michaud
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Thank you so much for listening.
xo,
Lisa
PS. Please note: some of the links shared may be affiliate links. This doesn't cost you anything: it simply means that Lisa Michaud might get an affiliate fee. Special care is always taken to make sure only the highest quality recommendations are shared: our highest value as a Community is YOU getting results in your life. We will always encourage you to show up with integrity and encourage you to create a business, income, and life you love - and make money doing it. We share this as an example of how we do this in our business by following these principles to serve you, and inspire you to do the same in your life.