Goalden Girls Podcast Episode #50 - How we tripled our real estate portfolio in 12 months: the lessons we learned, failures we had and tips for you and your empire

2020 was a lot of things. It was obviously the year of Covid.


It was a year of challenges.


Of “social distancing”.


Of change, disruption, Tiger King -  which: side note - I think I’m the only person in the world who HASN’T seen it… and TikTok becoming a thing. 


For our family - 2020 was a big and busy year. It was challenging but there were also a lot of gifts in it as well. 


In the last few episodes, you’ve heard about my personal ups and downs and the ones in my speaking/coaching business.


In Episode #44, members of our Goalden Girls Community also shared their personal lessons and what helped them be successful -  go have a listen to that if you haven’t: it’s POWERFUL!!! 


In today’s episode, I’m joined by my delightful and brilliant husband Troy and we’re talking about our real estate business, and how 2020 was the year we more than TRIPLED our portfolio. 


Yes - in the last 12 months, we’ve gone from 9 rental doors to 33. Even at a time when the world economy completely shifted, when evictions were banned at the same time as tenants weren’t required to pay rent, and we struggled without daycare. 


If you are curious about real estate, or you have a portfolio you’re looking to expand, this episode is for you. In it, you’ll hear about:


  • The failures we faced in the growth

  • To the FOMO - and missed opportunities

  • To fully burning out from doing too much.


We share all that to help prevent YOU from making the same mistakes.


You’ll also hear what worked well: 

  • How we shifted from playing small to playing big

  • How we broke the “income ceiling” to buy more properties

  • How investing in mentorship helped us

  • And how we are not helping investors make money and why it’s one of our FAVOURITE things in our business

  • Share where going the extra mile paid off big time


We hope this episode leaves you feeling relieved - because hopefully you won’t make the same mistakes as us.  And hopefully we give you some ideas in how you can create success with real estate no matter what your definition is.

Here are the juicy bits you can look forward to:

  • Our go-to podcasts and books on real estate investing. (4:20)

  • How 2020 shaped out for us when it came to real estate. (6:45)

  • Not taking action. (11:30)

  • There is always room for failure. (23:50)

  • Leverage what you can - not just money! (16:50)

  • The successes that helped us scale. (20:35)

  • How we go about financing. (25:00)

  • A final note on success. (39:30)

  • The one thing we wish everyone knew about real estate investing. (43:35)

 

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“You should hone in one what you are good at, and do that, and leverage support from other people to do the things that you can’t do.” - Troy Michaud


“There’s always a bit of risk in whatever you do.” - Troy Michaud


“It’s all about knowing what level you’re at.” - 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.