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House #33: First Offer???

June 11, 2012

The bad news is, we started renovations on The H2O House about three weeks ago, and we’re already about two weeks behind schedule (mold remediation has taken MUCH longer than expected due to the high humidity recently). The good news is, despite the fact that the house is still completely demo’ed (we haven’t even put […]

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House #34: The Mirror House

June 6, 2012

This one was a bit of a surprise, but we just got our next house under contract. This was a short sale offer we made about three months ago that the listing agent told us wasn’t high enough; about a month later, she called us back and said, “Please make an offer, the bank is […]

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Direct Marketing #1 – Update

June 4, 2012

I wrote yesterday about our first direct marketing campaign, and while I thought we were done receiving calls, I was very wrong… Here are the updated statistics from the first letter of this campaign: 1000 letters sent, targeting absentee owners with at least 40% equity on properties in my county 94 Phone Calls Received Of […]

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Direct Marketing #1

June 3, 2012

I talked previously about doing some direct mail campaigning in attempt to find leads for properties. Well, we’ve spent the past several weeks immersing ourselves in direct mail strategies, and finally started our direct mailing this past week (results of that campaign are below). For our first mailing, we targeted “absentee owners with equity” – […]

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House #29: Final Analysis

May 31, 2012

The Ticket House has been sold…and I’ve more than recoup the cost of the speeding ticket I received while pulling into the subdivision to view the house for the first time… 🙂 This was an easy project and a great experiment for us. First, it was outside of our typical purchase area (about 30 minutes […]

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Milwaukee, Wisconsin

May 28, 2012

I mentioned a couple weeks ago that we were considering some new business tactics to deal with the changing real estate market — one of which was to start looking at properties outside our current area. Well, we’ve gone FAR outside our area, and now have our first property under contract in Milwaukee, Wisconsin… I’m […]

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House #32: Final Analysis

May 25, 2012

We were a week late on the closing (we were hoping to close on Day 91, which was last Thursday and the earliest we were legally allowed to close), but we finally got The Unexpected House closed… The project was easy and profitable, and other than having to wait 2 months to close (due to […]

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House #33: Demo Pictures

May 24, 2012

We started demo on The H2O House today, and unfortunately, the mold and sheetrock damage was worse than we thought. While we were expecting pretty much a full cosmetic renovation (plus some mold and sheetrock work), it looks like this one will be pretty much an interior gut rehab instead — meaning most of the […]

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House #31: 2nd Contract

May 23, 2012

Wow, I didn’t even have time to post about the fact that the first contract on The Puzzle House fell through, and now I’m posting about our second contract… First things first — the original buyer seemed very gung-ho on the house, set up her inspection immediately, had her inspection (which went great) and then […]

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House #32: Staging Pictures

May 22, 2012

It took a little longer than I expected, but here are some STAGING pictures of The Unexpected House: THE UNEXPECTED HOUSE: STAGING PICS This house was put under contract prior to our taking pictures and listing it on the MLS, so these are just a few pictures and they’re not high-quality. Here’s how the exterior […]

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