All Forum Posts by: Donny Hogan

Investment Info:

Single-family residence buy & hold investment in Friendship.

Purchase price: $368,000
Cash invested: $73,600

This is our dream vacation home on 100' lake frontage of Castle Rock Lake in WI. We purchased this property first and foremost so we could enjoy the lake life with our friends and family but with the mindset that we will be using it as a short rental vacation home as well. The home was purchased as turn key so there was no need to do anything including furnish it. We are still updating things slowly as we have time. So far we are booked through the whole summer as well as off-season bookings

What made you interested in investing in this type of deal?

We had been wanting a vacation home on a lake

How did you find this deal and how did you negotiate it?

We walked in the neighborhood and noticed the sign in the yard which was just added

How did you finance this deal?

Traditional 2nd Home Mortgage

How did you add value to the deal?

We partnered with Evolve Vacation Rentals and made sure that we marketed very well with great images

What was the outcome?

It is renting way better than we anticipated

Lessons learned? Challenges?

We learned that we love this investment and may even shift our focus to this area to see if we can find more of these deals.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I used myself and could not have been happier, I would highly recommend using me for your next transaction:)

Investment Info:

Single-family residence fix & flip investment in La Crescent.

Purchase price: $239,500
Cash invested: $47,900

This is our next Live-In Flip... We did a complete remodel on this home with brand new everything, added living space in the basement, added a 4th bathroom, and bedroom. instead of the concrete countertops we decided to try our hand at epoxy countertops and they turned out great. We are currently living in the home and refinanced to traditional mortgage now that we are done and snagged a 2.775% rate with a $368,000 appraisal to boot so we added $120K with $65K in upgrades.

What made you interested in investing in this type of deal?

We had been looking at it as it was going to foreclosure.

How did you find this deal and how did you negotiate it?

It was listed on the MLS however before we were ready to buy it had went to foreclosure. We ended up purchasing the home through an online auction which was scary and fun. at the same time.

How did you finance this deal?

Commercial Loan

How did you add value to the deal?

We completely remodeled the home with brand new everything inside as it was outdated and lots of damage from neglect.

What was the outcome?

We are currently living in the home and refinanced to traditional mortgage now that we are done and snagged a 2.775% rate with a $368,000 appraisal to boot so we added $120K with $65K in upgrades.

Lessons learned? Challenges?

I am learning that we need to step away from doing the work ourselves as it is just consuming too much of our time so we did actually hire plumbers for the new bathroom as well as professional tile guy and it was nice to eliminate that burden so we are looking forward to hiring even more on the next flip where necessary.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I used myself and I feel I did a bang up job so I would highly recommend working with me on any of your agent needs.

Investment Info:

Single-family residence fix & flip investment in La Crescent.

Purchase price: $269,000
Cash invested: $53,800
Sale price: $320,000

This was a live in flip. The house was in good shape when we purchased it however we did see how we could improve its value over a few years by adding our touches and then of course considering market the market was good it turned out great for us. We did all new flooring aside from a couple bedrooms. We built a brand new large outdoor living space with outdoor kitchen features. We opened up a wall and added our signature concrete countertops to the kitchen just to name a few things.

What made you interested in investing in this type of deal?

We love the home and the neighborhood

How did you find this deal and how did you negotiate it?

MLS and we offered the best we were willing to pay.

How did you finance this deal?

Traditional Mortgage

How did you add value to the deal?

We did many updates and held it until the market was great

What was the outcome?

We enjoyed a beautiful home and neighborhood to live in for a few years and ended up profiting on the deal in the end.

Lessons learned? Challenges?

We used this home as an opportunity to dial in some of our skills.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Myself as I am a licensed Real Estate Agent and I did a great job and definitely recommend myself to anyone looking for a great agent:)

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $110,500
Cash invested: $31,000
Sale price: $238,000

It started as a 2BR 1 Bath 1172 sq ft. Added egress and bathroom in the basement which converted it to a 3BR 2 Bath with LR and entertainment space which ended up a little over 2000 sq ft. Full remodel inside and out with rustic flare and modern touches. brand new cabinets, appliances, water heater, HVAC, windows, custom concrete countertops, original hardwood floors, tile bathroom & huge backyard. To top it off this home was equipped with all sorts of gadgets to classify it as a smart home.

What made you interested in investing in this type of deal?

We were looking for a flip and this one came up as a foreclosure in an appealing neighborhood

How did you find this deal and how did you negotiate it?

Foreclosure and offered to the Bank

How did you finance this deal?

Commercial loan with 20% Cash Down

How did you add value to the deal?

Completely updated and added living space and bathroom

What was the outcome?

It turned out great and we profited

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I represented myself in this transaction and felt I did a great job:)

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $110,500
Cash invested: $31,000
Sale price: $238,000

This was a charming home on Court Rd in Onalaska with a stunning before and after. It started as a 2BR 1 Bath 1172 sq ft. We installed an egress window as well as a bathroom in the basement so we we converted to a 3BR 2 Bath with laundry room and entertainment space and ended a little over 2000 sq ft. It was a full remodel inside and out with rustic flare and modern touches. There are brand new cabinets, appliances, water heater, HVAC, windows, custom concrete countertops, original hardwood floors, tile bathroom, tile kitchen backsplash, and huge backyard to let your imagination run wild, Just to name a few. To top it off this home was equipped with all sorts of gadgets to classify it as a smart home.

What made you interested in investing in this type of deal?

We were looking for a flip and this one came up as a foreclosure in an appealing neighborhood

How did you find this deal and how did you negotiate it?

Foreclosure and offered to the Bank

How did you finance this deal?

Commercial loan with 20% Cash Down

How did you add value to the deal?

Completely updated and added living space and bathroom

What was the outcome?

It turned out great and we profited

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I represented myself in this transaction and felt I did a great job:)

Thank you Adam... We did accept an offer on the home over asking so we are getting exited to give another home a 2nd Chance! PS. I apologize for the delayed post as I have completely overlooked the notifications on my phone. I hope to make the next meeting!

Hi Amanda, I don’t think so as homes in this area are not even making it to the mls before selling so we hope that we have what people are looking for now. Thank you

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $110,500
Cash invested: $31,000

The end is near on this exciting project! It is currently 2BR 1 Bath 1172 sq ft. We may go 3BR 2 Bath with laundry and entertainment space for 2000 sq ft. It depends on the interest we get. There are brand new cabinets, appliances, water heater, HVAC, windows, concrete countertops, original hardwood floors, tile bathroom, tile kitchen backsplash, and huge backyard, Just to name a few. The home will be equipped with smart home technology.
Don Hogan
REALTOR
Coldwell Banker River Valley Realtors

What made you interested in investing in this type of deal?

I have been wanting to flip a home for many years. This home came up in a very sought after neighborhood and was in great disrepair which made it appealing to me.

How did you find this deal and how did you negotiate it?

I had been watching it going into foreclosure however we were not quite ready to pull the trigger yet and then as soon as we were we drove by for one last look and there was a sign in the yard so we purchased it through MLS.

How did you finance this deal?

We used a HELOC on our home for the down payment and took out a commercial loan to finance the home and the repairs.

How did you add value to the deal?

We have been investing a ton of sweat equity and giving it a very unique custom look and feel

What was the outcome?

Still Pending

Lessons learned? Challenges?

Lots of lessons learned which is what we were hoping for. Mostly it is the preparation and organization. We have learned better ways to organize the projects so that we are not constantly going back and fourth.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am a real estate agent myself so if course I used this to my advantage in the purchase and will again in the sale. I would highly recommend myself hands down:)

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $110,500
Cash invested: $31,000

The end is near on this exciting project! Here is a sneak peak of what’s to come with this charming home on Court Rd in Onalaska with a stunning before and after. We hope to have it completed within the month of September so please do not hesitate to ask questions if you are interested. It is currently 2BR 1 Bath 1172 sq ft. We do have an egress window installed in the basement as well as a bathroom plumbed and ready go in the basement so we may go 3BR 2 Bath with laundry room and entertainment space for approximately 2000 sq ft. It all depends on the interest we get over the next couple weeks. It will have received a full remodel inside and out with rustic flare and modern touches. There are brand new cabinets, appliances, water heater, HVAC, windows, custom concrete countertops, original hardwood floors, tile bathroom, tile kitchen backsplash, and huge backyard to let your imagination run wild, Just to name a few. To top it off this home will be equipped with all sorts of gadgets to classify it as a smart home. I could go on and on but I am more excited to have those interested to come and see it for yourselves! Please like and share this post and I will keep you update on the upcoming listing date and open house information.

Don Hogan
REALTOR
Coldwell Banker River Valley Realtors

What made you interested in investing in this type of deal?

I have been wanting to flip a home for many years. This home came up in a very sought after neighborhood and was in great disrepair which made it appealing to me.

How did you find this deal and how did you negotiate it?

I had been watching it going into foreclosure however we were not quite ready to pull the trigger yet and then as soon as we were we drove by for one last look and there was a sign in the yard so we purchased it through MLS.

How did you finance this deal?

We used a HELOC on our home for the down payment and took out a commercial loan to finance the home and the repairs.

How did you add value to the deal?

We have been investing a ton of sweat equity and giving it a very unique custom look and feel

What was the outcome?

Still Pending

Lessons learned? Challenges?

Lots of lessons learned which is what we were hoping for. Mostly it is the preparation and organization. We have learned better ways to organize the projects so that we are not constantly going back and fourth.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am a real estate agent myself so if course I used this to my advantage in the purchase and will again in the sale. I would highly recommend myself hands down:)