5000 posts – 4.5 years of BP

22 Replies

This is my 5001st post on BP in just under 5 years of being a member of this community. So I thought I would take this time to reflect on all that has happened since then.

Before BP – I worked a 50+ hour a week corporate job and had 3 properties with plans to aggressively pay them off and in 15-20 years be able to quit my job and live off rent income

After BP – I quit my job within 9 months of drinking the BP Kool-Aid and now have 30+ properties and 90+ units and I started my own real estate brokerage and website business and networking conference for investors.

It has been a wild ride! I can’t even begin to quantify how much BP has contributed to my success and personal development. Not only do I have a network of hundreds of thousands of people to help me when I have a problem, but I am continually learning and developing every day by reading about other people’s experiences.

I have learned more in the last 5 years from BP than I had in the previous 30 years of my life. Not just about rental properties, but about life too. I think one of the reasons BP is so special is because REI is a lifestyle choice, not just a job. So most people on here are connecting on a business level, but also on a personal level. The foundation of our being is similar, so the aspirations of our soul are similar. It is a way of life. Not just some BS job you punch in and out for.

The relationships I have developed over the years has really been incredible. I can't count how many people I now consider "close personal friends" have come from people I met on BP. It actually negatively impacted my social life because I hate going to the same stupid social events where people talk about mundane things like sports or reality TV. But you stick a few real estate investors in a room with some wine and leave them there for 10+ hours and they will still be talking at the end and won't want to leave. I have been fortunate enough to travel all over the country to attend conference events people from BP have put on and I can tell you, every time it is a 12+ hour day of talking REI where I lose my voice and can't wait to get up early the next day and do it all over again. I love it.

The biggest impact over the last 5 years for me has been personal freedom. Freedom to wake up when I want. Freedom to work when I want. Freedom to travel when I want. I am kind of a spoiled brat to be honest. But through REI I was able to create the life that I wanted – which never would have been possible otherwise. Do I live in a 5000 sq foot house? No. Do I drive a new fancy car? No. Do I wear expensive clothes? No. Do I wake up to an alarm every day? No. Do I take a 1-week vacation per year? No. Do I only see my family at dinner and Sundays? No. REI taught me what is important and how to build a life around that. Is it always easy? No. Is it always fun? No Would I have it any other way? No.

So. Thank you @Joshua Dorkin for creating BP and to @Brandon Turner and @Scott Trench and @Mindy Jensen for helping shape BP into what it is today.  I would probably be some miserable crabby person if it wasn't for you.  

Very cool congrats on your success over the past 5 years and thank you for all the knowledge you share!

Congrats @Brie Schmidt ! You've done some tremendous things over the past few years and are an inspiration! You are and have been an integral contributor to making BP what it is today. Thank you! 

@Brie Schmidt what a great story and so impressive how quickly you scaled your business. I always find your posts very helpful here on BP. I hope they have you back on the podcast again. I would be very interested to hear more about how your business has evolved as you have grown. I am kind of like you were, stuck in a 50 hour corporate job. It pays well, but my passion is REI. It is inspiring to see someone who took the plunge and is so successful full time in REI.

If you don't mind sharing. I am curious how long after going full time in REI did it take you to fully replace your corporate salary?

Congratulations!

@Joe Splitrock - Quite quickly actually.  My goal was $35k a month gross rental income for my personal portfolio and I left my job in July 2014 and I hit that goal in May 2015 - 

Congrats on your success @Brie Schmidt ! I like what you said about living in a 5000 sq ft house and driving a fancy car. I think that's what initially attracted me to real estate, but now I'm realizing that having freedom of my time and the ability to spend that with my family is waaaay more important than fast cars and big houses.

Thanks for the inspiration. It makes me feel like there’s a lot to learn on this website and I should be spending more time engaging and asking questions on it. Congrats on your success.

If BP had a post of the year this should be the winner!!
Congrats on everything you have accomplished along with your contribution to the site. 

The biggest impact over the last 5 years for me has been personal freedom. Freedom to wake up when I want. Freedom to work when I want. Freedom to travel when I want. I am kind of a spoiled brat to be honest. But through REI I was able to create the life that I wanted â which never would have been possible otherwise. Do I live in a 5000 sq foot house? No. Do I drive a new fancy car? No. Do I wear expensive clothes? No. Do I wake up to an alarm every day? No. Do I take a 1-week vacation per year? No. Do I only see my family at dinner and Sundays? No. REI taught me what is important and how to build a life around that. Is it always easy? No. Is it always fun? No Would I have it any other way? No.

This is why we do it! Thanks again @Brie Schmidt .

@John Thedford - Totally.  I always knew what I wanted, but BP taught me how to build around that.  And I am constantly learning how to do it better

@Brie Schmidt

Congrats on your accomplishments as well as your continued support here at BP!  One of the many things that makes BP so great is that there is people such as yourself that go out of their way daily to share their experiences via forum posts which end up helping others.  A big thank you goes out to you as well as all the other contributors!

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