Archive of Julie Broad's Articles

Buy and hold real estate investing in Canada since 2001, Julie Broad is now a full time real estate investor and investing educator.

Julie has written 34 article(s) for the BiggerPockets Blog.


Commentary

Negotiating Real Estate: Are You Trying to Win Deals?

by Julie Broad | December 29, 2010
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My husband Dave and I just returned from a week of vacation in Mexico. As I tried to use my rusty Spanish with various locals I thought back to a decade earlier when I had spent several months backpacking around Guatemala and Central America. One of my past times during that trip was to practice [...]

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Real Estate Investing

Invest in Real Estate Like a Farmer

by Julie Broad | December 22, 2010
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I grew up in a small farming town in rural Alberta, Canada. The population sign outside our town said 1,200 people, but many folks joked that the number included cats, dogs and probably some chickens. The majority of the town was inhabited by farmers or folks who supported the farming community. In my 17 years [...]

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Commentary

The Massive Passive Income Problem

by Julie Broad | December 15, 2010
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When I started investing in real estate in 2001 I had two main objectives: get my money working hard for me so I didn’t always have to work hard for my money AND create multiple streams of passive income. Holding rental properties seemed like such a simple way to create passive income. Buy a house, [...]

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Real Estate

Could Your Property Manager Rob Rent Money From You?

by Julie Broad | December 1, 2010

When I walked out of the classroom after an intense 3 hour lecture I checked my cell phone. I had 23 missed calls and 18 voicemails. My stomach jumped. I figured someone must have died. Why else would someone be so intense about calling? I scrolled through the missed calls and most of them were [...]

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Real Estate

Are You Anchored to List Price? What Really is a Good Deal?

by Julie Broad | November 24, 2010

We just walked from a deal we had under contract for $30,000 under it’s listing price. We walked because a few issues arose in the inspection that we didn’t want to deal with unless the sellers dropped the price further. They refused – so we walked. When we told that story to a couple of [...]

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Real Estate

Make Friends Not Enemies: Don’t Forget Your Image in Negotiations

by Julie Broad | November 17, 2010

We were 48 hours away from closing on the deal when our real estate agent called and said “The seller is asking for some compensation for the oil in the oil tank.” When I asked how much oil was in there, my agent didn’t know. She said the seller had indicated the tank had been [...]

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Real Estate

5 Steps to Create Registered Retirement Savings Plan (RRSP) Mortgages

by Julie Broad | November 10, 2010
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Tired of just hoping your retirement savings won’t drop in your investments? Want some level of assurance that your money will grow in your retirement savings account? Do you want to enjoy the kind of returns a bank does? Want your retirement savings secured by a hard asset?  If you answered yes to any or [...]

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Real Estate Investing

Local Real Estate Club Meetings: 7 Reasons to Attend

by Julie Broad | November 3, 2010

I have a confession to make. For the first six or so years I was a real estate investor I didn’t attend a single real estate investing club meeting. For the first couple of years I was actually doing my MBA in real estate and finance. I attended a lot of events and forums dedicated [...]

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Landlord Tenant

Three Ways to Attract Great Tenants to Your Rental Property

by Julie Broad | October 27, 2010
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Hope is not a strategy. I’m sure you’ve heard that many times before. Yet I can’t tell you how many real estate investors I speak with that tell me about the great deal they got on a rental property, only to find it difficult to rent out. As I look into their situation to help [...]

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Landlord Tenant

How to Hire and Manage a Property Manager for Your Rentals

by Julie Broad | October 13, 2010
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As a long distance landlord there have been far too many days where I felt like the saying “You can’t live with them, but you can’t live without them” is appropriate to our relationships with our property managers. And, I admit, there are still a few times where I am a bit frustrated by a [...]

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Commentary

Interest Rates and The Big Lesson To Learn from Japan

by Julie Broad | October 6, 2010

Besides bringing Sushi to North America – which I give thanks for on a weekly basis at least – the Japanese have shared many lessons with us. In the 1990′s when I was taking my undergraduate degree in business I spent some time studying Kaizen (the Japanese principle for continuous improvement) and JIT (just in [...]

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Real Estate

Tackling Retirement One House at a Time

by Julie Broad | September 29, 2010

My brother is about to move into his very first home. I’m pretty excited for him because he’s been working towards this day for a really long time. It’s too bad I absolutely hate the house. It has a great ocean view and a super convenient location but that is where the positive aspects of [...]

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Real Estate Investing

No Problem Is So Big It Cannot be Run Away From

by Julie Broad | September 22, 2010

Charlie Brown once said “There is no problem so big it cannot be run away from.” Little did you know Charlie Brown was giving out great real estate investing advice! When you put together a deal on a property make sure you have some time to do your due diligence free from the emotional stress [...]

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Real Estate

Three Words to Avoid When Selling Your Side of the Deal

by Julie Broad | September 15, 2010

Everything is going great. The tenant buyer is nodding and smiling. Her body language is open and relaxed and every indication is that she likes what you have to say. Then, almost suddenly her arms fold across her chest and she starts to turn towards the door, and says “Ok – thank you. I have [...]

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Real Estate

Real Estate Investing Rules from Richard Branson

by Julie Broad | September 1, 2010
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“Even after careful research, not all ideas are good; sometimes your competitors have better ideas or they’re faster than you. The modern entrepreneur takes failure in his or her stride and moves on.” ~ Richard Branson, Screw It, Let’s Do It Sir Richard Branson made a cameo appearance on the HBO show Entourage this week [...]

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