Got out first PPC house bought and sold!

[Nathaniel Hovsepian]

Back in October, we ran one month's worth of PPC advertising on google and had great success getting motivated leads calling in and filling out our form online. We negotiated the price of this home and closed the deal. At the time, we were looking at it as a fix and flip, but it needed a lot of work and we had no contacts in the area to get the work done in a timely and cost effective manner.

We spent about a month doing research on local contractors and coming up with a budget and time frame for the project.

Feeling confident, we began demolition on the home and quickly realized we were in over our head. The drywall was falling apart, had stains that wouldn't be covered with a couple coats of paint, and stunk after years of neglect to the home. After ripping the drywall down, the true horror unfolded. TERMITE DAMAGE TO HELL!

I knew instantly that we were going to need to replace every stud in the home and basically start from scratch. 

Being the optimistic person that I am, I saw this as an opportunity to turn this 3/1 into a 3/2 as we were going to be reframing the home anyway, and the bedrooms currently were wayyyyy larger than they needed to be. 

I found some companies that could do the type of work that we needed done, and were willing to come out and give the place a look and quote me for the job. 

I went to work designing the new layout for the 3/2 to come!

After doing a bunch of this legwork on my own I finally decided to follow my own advice and reach out to some more seasoned investors in the area to come and take a look at it and give me their opinion.

It was at this time that reality set in that maybe this was not a project that was the best use of my time, money and willpower. My local REIA president was gracious enough to come and take a look at the house and recommended that I sell it, get my money back out and move on to other projects that I could get in and out of quicker.

I went back and forth about this and finally decided it was time to get it sold and move on to the next deal that we found and start to snowball the leads coming in by putting our money back into advertising and getting more leads.

We got the house sold within 2 weeks, have since purchased and sold another house and have 2 more deals in the works!