Aaand…right on the heels of publishing my last income report, here is our January 2017 report.
In January, I hunkered down with lots of work on my side project as well as my new day job cranking up in full force after the holidays ended. Still no new content on HYW this month, which I feel terribly guilty about, but it’s the right tradeoff for me right now as I focus for the next few months on other things.
In January, I booked net revenue of $3,601. This was up +8% year over year. This is the first full month I’m comparing YoY results on an apples to apples basis, because January 2016 last year was the first full month my email auto-responder was live.
What progress did I make?
1. Continued to look for real estate
New listings are upticking a teeny-tiny bit, and Kelly and I have been to a few open houses. But generally inventory is still low. We’re trying different ways to get a heads up on pocket listings, but there’s just no inventory.
I’ll be doing some diligence in the coming months on how to research probate actions and tax sales to see if there might be any opportunities there for fixer-uppers. If I find something interesting, I’ll write a case study to show you how to do the same step by step.
Also, we’re getting our ducks in a row to get pre-approved now, because when more listings come online in the spring and early summer, we want to be ready. Interest rates are still above 4%, but since we’ll definitely be taking out a jumbo loan, we think we’ll be able to get it right around 4% or even high-3% depending on the loan size and down payment.
2. Twitter followers: ~824
Following our Twitter bot ban in mid-December, our followership has slid a bit, now in the 800s. I’m also not posting as much just because things have gotten so busy (will ramp back up when more time frees up in a few months).
High on my to do list once time frees up is to implement a new type of Twitter automation to drive follower growth. It’ll take a bit of time to set up, but after it’s done it should be a lot more robust than my earlier tool.
That pretty much sums up January.
Normally I share a “what’s next” section to describe upcoming plans for the next month. But I’m still going to be heads down in February on side project stuff, so I don’t anticipate big moves on HYW for 1 more month.
In March, however, that’ll start to change…stay tuned!
QUESTION: What are your new year’s resolutions? I’m always curious about others’ new year’s goals. Let me know in the comments below!