Oh, What a Year 2019 was for Growth! A Personal Update from Me

I hope everyone had a merry Christmas and Happy New Year. I want to spend a few moments and talk about 2019 in review. This not meant to be a bragging session of everything I’ve accomplished this year but more so to give you insight on what was accomplished and what being around like minded people can do for you.  For the record, my plan for this year was to sit back and watch the market, focus on growing my mastermind & Facebook group. Instead, here's what I did:

Key Takeaways:

Went from 51 to 328 units; we got there by selling off SFR and small MFRs in our portfolio to invest in larger apartment complex syndications. Doubled our positive monthly cash flow. And when I mean cash flow, that is the # left over after all expenses are paid using the TRIMVC method. I go into this in more detail at https://w2capitalist.com/2016/10/12/real-estate-investing-terms-cash-flow-example/ but essentially we went from $1k-$2k in positively monthly cash flow from our rental portfolio.  First time ever, do we have over a million dollars of assets on our balance sheet.  Sold a property for our first loss; this was approximately a ~10K $$ loss. Launched a podcast (this one) ranked #1 new & Noteworthy on iTunes for Investing, recorded & published 65 episodes with 20k downloads.  Welcomed baby #3 into our tribe Changed jobs. This one was a big growing opportunity for me. I had essentially served the same client base in one seat or another under a few different entity umbrellas (as we kept getting acquired) for over 15 years. As I’m now in month 6 of my new sales coaching job, I’m ecstatic to report my sales unit has hit record sales in 4 of last 6 months. Mastermind membership grew from 10-25, more on the mastermind can be found at w2capitalist.com .  Private Facebook Group (that’s the closed FB group located at facebook.com/REIforTheW2 ) members grew by 53% - went from 3,428 members on January 1, 2019 to 6,476 members as of today, Dec. 12, 2019.  Co-spoke at 4 different REIA Meetups Consumed a little over a week’s worth of audiobooks and podcast. Thats over 168 hours which is approx. 3.25 hours a week. I honestly thought it would be more and I’m looking to read more in 2020. To see my recommended list of books go to w2capitalist.com/read and if you’re looking for some additional accountability to read more send me a DM on facebook to join in on the #Read20in20 challenge. Refinanced our primary residence to payoff a home improvement loan and lower our interest rate. All things considered, this saves us $389/month and paid off $40k in debt.  Our biggest ROI to date - the duplex we never set foot in, came in at a 428% ROI.  My BHAGs for 2020

Episode Affiliate:

W2Capitalist.com/affiliates

 

Links mentioned in this episode:

EARN. INVEST. REPEAT. T-shirts Real Estate Investing for The W2 Employee Facebook Group