We were invited to a special CIBC event with Scott about 6 or 7 years ago. At the time we had one rental property, one vacation property and our principal residence. Intrigued by what we saw about the system Scott and Michael had created, we then attended the new "Wealth Tour" but were delayed getting into a workshop due to work schedules and travel. We were both working full time and spending a lot of time on airplanes as Deanna worked in Washington DC and we were trying to be "Baby Snowbirds" at our house in California.
Since joining Keyspire, we have put 2 kids through university on 4 continents, continued to travel (until COVID!), and turned our real estate hobby into a full blown business that will support the lifestyle we always wanted. Deanna has been able to step out of her full time job, Darcy stays in his because he loves it, and we have financial security to sustain us, our extended family and for future generations.
With Covid clipping our wings, we recently took on #prairiecottage just for fun. A family member was trying to sell a house for $55K and I was looking at listings across Canada to see what you could buy for that little. In Alberta, one of the lowest priced listings was for a 500 Sq. ft bungalow in the community Darcy's family has lived in for 5 generations. It was built in 1905, the year the Boydens arrived in Alberta from England. We ended up buying the house and doing a complete reno to it. We had an absolute blast doing 95% of the work ourselves! It was a family affair with Grandpa even helping shovel gravel and create a new fire pit (thanks to a little Vacation House rules inspo!)
Our son congratulated us on completed an interior that looked like a downtown Toronto condo, while I was just thrilled that we saved the nasty old shed, painting it like a little barn. Darcy marvelled that there is an actual log serving as a beam! He impressed me with all the work he could do himself. We demo'd, we scoured FB marketplace ads for the perfect sink, we refinished Adirondack chairs and we poured a lot of love into our #prairiecottage.
Well, it all seems to have paid off as we got an offer from our very first showing! The realtor said the new buyer couldn't leave the house, she loved it so much. Her mom said the reno and decor was like something from a TV show (hmmmmm, wonder how that happened???). And our investor? (our son who took out a $15K LOC to invest in the renos) Well, he's THRILLED to have made a 30% return on his money in just over 2 months! He now thinks his parents should repeat that 10 times in the next year while I think it's a great example for new investors. We paid $42,500 for that house and it sold for $90,000. After Darcy finalizes my Amazon returns ((I may have overbought decor items!) we will have a great profit for a 30 day reno/60 day flip and an investor that is ready to invest again.