Episode Title
41 - Crazy Real Estate Stories
Summary
In this episode of the Life by Design podcast, Jessilyn and Brian Persson share their personal stories and insights from their journey in real estate investing. They discuss the importance of networking, trusting your partner's instincts, navigating challenges in property management, and the unreasonableness often required in real estate. They also explore the concept of reframing debt as an asset and share key takeaways for aspiring investors.
Chapters
00:00 Introduction to Real Estate Investing Stories
01:04 The Power of Networking in Real Estate
05:46 Trusting Your Partner's Instincts
08:23 Navigating Challenges in Property Management
12:18 The Unreasonableness of Real Estate Investing
18:10 Reframing Debt as an Asset
23:01 Key Takeaways from Real Estate Investing
Contact Jessilyn and Brian Persson | Weekend Wealth Investments:
Transcript
Jessilyn Persson (00:05)
Welcome to the Life by Design podcast where Jessilyn and Brian Persson, are you struggling to align your financial goals or confidently invest in real estate as a couple?
Brian Persson (00:14)
That's why we created this podcast and the Riches Relationships and Real Estate Program to help you build wealth and strengthen your relationship. Visit weekendwealth.ca to take your quiz and discover your real estate investor type. Let's create the life you deserve together.
Jessilyn Persson (00:32)
Today, we're gonna share some crazy real estate stories. So in this episode, we're sharing a collection of personal stories from our journey in real estate investing. Real estate requires a certain grit and sometimes a bit of what we call unreasonableness. So we thought it'd be fun and maybe insightful to talk about some of the wild unexpected things we found ourselves doing along the way.
Brian Persson (00:57)
Mm-hmm. So what's the first story you would like to tell? I think I believe we decided it was your story first.
Jessilyn Persson (01:04)
Yes, I think we've shared some parts of this, but not all of it at some point in our journey. But back in 2017, you came home from work one day and you said, that's it. I maxed out, no more real estate for us. And my inner dialogue was like, mm-mm, nope, we still have room. And so you went to Saskatoon that weekend because you were going to check in on one of our properties there.
and I did some mad Googling skills and I felt the real estate investment network group local to our community and I signed you up. And when you came home, you were not happy with me when I shared that what I did, because I did not get your permission. I just did it. But we'd already paid. So you begrudgingly went to the event. And what happened when you came home?
Brian Persson (01:59)
Yeah. And, and just so the audience knows, this is, this was the premier Canadian real estate networking group. ⁓ it was not a cheap signup. No, I think, I, I can't remember what the membership fee was, but there was a monthly three or $400. Yes. And in that three or $400, you, more or less get one meeting, like one, one very, very informative and, and like, you know, action packed meeting per month, but.
You're paying three or $400 for that. you better, you better use it. And here I am, Vaughan told that I, that, you know, one Wednesday a month, I'm going off to this real estate club. So it was different. Yeah. But, uh, the very, very first meeting that we, that I went to, I realized that I had walked into a room full of people who were already doing what, what we wanted to do. And we simply just didn't know how to do it.
Jessilyn Persson (02:34)
Yep.
Brian Persson (02:56)
And all of a sudden I was surrounded by stories of, of, of literally everything I had experienced already and things I wasn't going to even experience for, for years to come. And I was completely supported in that room. So I, I, you're, you're an early to bed person. Uh, and I remember we went out for a beer with, uh, a lot of the guys who had gone to that club and, and, and the girls. And, uh, we were just continuing to share stories, but I didn't get home until.
one o'clock in the morning more or less and I shook you awake because I was so excited about what what ⁓ I had learned and who I had met and everything and I'm like guess what guess what guess what and you just were like honey in the morning yep I'm going to bed now don't care I don't care about what I did to you
Jessilyn Persson (03:47)
One that I didn't care, there's a time and a place.
Brian Persson (03:50)
Yeah.
Jessilyn Persson (03:51)
And that was my time for sleep.
Brian Persson (03:53)
But it turned a lot of ⁓ corners for us in our real estate career. It opened up doors, it did all kinds of different things. And I think the argument would have gone on probably another three or four months if you had asked me if I wanted to go to the club.
Jessilyn Persson (04:13)
yeah, you would have been a hard no. You'd like, I don't know, I don't need it, I don't have time. I already told you don't have time for more part. Like I just, I knew. And when I found it, I'm like, this one sounds good. Obviously I didn't have experience with it, so I couldn't explain it. all you could do is show up and see what it was like. And then your first experience was so incredible. But it showcased things that I knew were possible, but at the time...
I didn't know how to explain it to you, right? And even if I tried, let's be honest, I'm your wife. And you already felt maxed out and sometimes we just don't want our partner to tell us we can do more.
Brian Persson (04:50)
Yeah. And, and I mean, ultimately that turned into part of our program that we teach other couples. And that is sometimes, ⁓ you got to bring in outside advice. Exactly. Your relationship is not an island and sometimes you need other people to say the exact same thing that you're or what you believe is the exact same thing. And yeah, it's often not, but rephrase it or reframe it in a way that somebody else has seen it. And that way your partner sees it differently.
Jessilyn Persson (05:17)
Yeah, so it was a great experience to showcase how I put you in a different space because what I knew I couldn't articulate, someone else thankfully was able to and you got it, right? So like you said in our course where we teach other people ⁓ to use third party people to help explain your situation or support you or whatever it is. And this was a great example for us to have actually walked through it ourselves.
And then from there, just lent ⁓ great ⁓ advantage for me to know that sometimes I just know things and I since then hav...
