mmmm Coffee!

I had a few inquiries yesterday whether I was packing it in, this is far from what is happening. We are actually simplifying and this involves getting rid of quite a few of our current properties.

Most of them are rooming houses which although they have been a huge source of income for us over the last five years, have also been a drag on our morale. Originally there was three of us working together doing all the required work, but over the last nine months I have been dealing with all the tenants basically alone and it has just worn me out.

So we are simplifying things by getting out of all but three of these units currently. For someone willing to put in the work and eager to get some great cash flow it will be a tremendous opportunity. I just wouldn’t recommend renting out 48 rooms to tenants all on your own!

As for some of our other properties, perhaps we are just getting lazy, but we have the one property in the NE (Marlborough Park) we are selling and then we have another couple coming up over in Bowness as well. These properties are both about a 45 minute commute for us, we have made our money off of them and are ready to pass them on to someone else looking for a great deal and who will profit for many years to come.

We will spend the next several months re-balancing our lives,  simplifying and/or removing our headaches and then come back harder and faster than ever. We have some fairly simple plans for 2010 which involve getting back to our original business model which allowed us to be successful for so long.

2010 will involve plenty of Real Estate and there will be many new opportunities for people to become involved with us for short term investments and more Joint Venture partnerships. If you want to jump on our bandwagon and come along for the ride be sure to contact us, be sure to follow my postings and be sure to buy me a coffee!

We all tend to get a big caught up in our work and at times become obsessive about what we do. I think what we all have to remember is there is a between difference between being obsessive and being passionate. Now you can be obsessive about something and really not be passionate about it, but you can never seem to be passionate about something and not obsessive.

I remember when we first started up our Real estate business we were incredibly passionate about it and that passion turns into an obsessiveness about making it grow. Well recently with all the headaches and problems you can imagine much of the passion has been driven out of it. Perhaps now I am even a bit obsessive about getting rid of tenants!

Anyway, where I was going with this is a friend, Harold Hagen, forwarded off this great video to me about a small store owner down in Los Angeles. It’s just under 13 minutes and is a wonderful example about someone who is so passionate about his business it is an obsession.

Take 13 minutes out of your life, relax and watch this fellow talk about what he does, then when it’s over, maybe ask yourself how passionate you are about what you are doing and if you aren’t, what are you going to do about it?