It’s been a while since my last post about personal choice to be the 1%. It’s the end of 2011. Time to review the 2011 achievement and plan the new 212 action plan. What I have learned in 2011 has brought me a new perspective of entrepreneurship.

Here is the reviews of 2011.

• Project A generates triple profit than last year. However, it’s not significant enough to call it a success. In fact, it still sucks.
• Project B has never take off. It’s primary due to my procrastination and lack of motivation to write the program
• Free open source shopping cart is a bad choice to run an online e-commerce store. You’ve got what you paid for.
• 60% My Tax lien investment has returned with average 5% profit. This is much better than putting money in the bank
• Really learned that being an affiliate marketer won’t lead you to the 1%.
• People is the most important key to your success in the business world.
• Procrastination is the #1 key to failure.

2012 is almost here. My goals have not changed, but the action plans do.

• No more procrastination
• Networking with the right people
• New strategy on Tax Lien Investment. The goal is to get average 9% return.
• Real Estate Investment on Foreclosure and REO properties
• Turn project A into an offline affiliate network
• Re-invent project B
• More Exercise And More Golf
• Revive the failed online store businesses
• Start niche project C

Honestly, I am new to the real estate investment. I am so shocked that there are tons properties going foreclosure auction in late 2011 and most of them are postponed into 2012. It means there are more house available at cheap price. It’s never a better time to buy a property and turn that into cash cow.

For example, a $2M house that owes $3.5M was sold at auction for $660,001. The opening bid is $660,000. Obviously, there is no one bidding on that property. So the winning bid is just $1 above the opening bid. There are so many house sold like that. Now the $2M house was resold 3 months later for $1.8M. So the $660,001 investment has about $1.2M return. That is just amazing return in 3 months.

That’s is how the 1% stay as the 1%, while the 99% are still complaining about the economy and lack of opportunities.

To do very well in the real estate investment isn’t an easy task. However, it will be much easier once I finish my first deal. It has something to do with PEOPLE. If you have connection with the right people, you can get more information faster and get the deals done faster.

I shall have my first investment property very soon. I know 2012 is going to be a great year for me! Stay tune!