All Forum Posts by: Ryan Janssen

In good old Wisconsin, 10% is a pretty nice return. I understand the west has many different nuances for their investors, especially the huge purchase prices and expense to do construction.  

Investment Info:

Single-family residence fix & flip investment in Menomonee Falls.

Purchase price: $178,000
Cash invested: $100,000
Sale price: $322,500

Fix and flip, the investor got fat on this one because it was a year project and we paid him 10% APR. The investor made $1,483 a month for a year! We put over a 100 grand in this property and I made very little due to sales expense and investor income. We added a new roof, furnace, siding, windows, concrete driveway, updated the kitchen, master bathroom, added carpet and flooring throughout. This was a negative project for me but I did earn a lifetime investor!

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

It was a good deal at first but we had to add too much to make a profit.

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

Wholesaler, we gave him what he wanted.

How did you finance this deal?

Investor who made close to 20k in a year!

How did you add value to the deal?

The entire home is remodeled, which contributes greatly to the community and the new home buyer!

What was the outcome?

I made very little on this deal but learned a great deal on flipping properties.

Lessons learned? Challenges?

Added way to much that made it a negative deal for me but my investor was happy and they still invest with me today.

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

Nicole Bruckner

Investment Info:

Single-family residence fix & flip investment in Menomonee Falls.

Purchase price: $178,000
Cash invested: $100,000
Sale price: $322,500

Fix and flip, the investor got fat on this one because it was a year project and we paid him 10% APR. The investor made $1,483 a month for a year! We put over a 100 grand in this property and I made very little due to sales expense and investor income. This is a property that I learned a great deal about this business and how doing everything to a home in a flip may not be the best investment. We added a new roof, furnace, siding, windows, concrete driveway, updated the kitchen, master bathroom, added carpet and flooring throughout. This was a negative project for me but I did earn a lifetime investor!

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

It was a good deal at first but we had to add too much to make a profit.

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

Wholesaler, we gave him what he wanted.

How did you finance this deal?

Investor who made close to 20k in a year!

How did you add value to the deal?

The entire home is remodeled, which contributes greatly to the community and the new home buyer!

What was the outcome?

I made very little on this deal but learned a great deal on flipping properties.

Lessons learned? Challenges?

Added way to much that made it a negative deal for me but my investor was happy and they still invest with me today.

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

Nicole Bruckner

Investment Info:

Single-family residence fix & flip investment in Menomonee Falls.

Purchase price: $178,000
Cash invested: $100,000
Sale price: $322,500

Fix and flip, the investor got fat on this one because it was a year project and we paid him 10% APR. The investor made $1,483 a month for a year! We put over a 100 grand in this property and I made very little due to sales expense and investor income. This is a property that I learned a great deal about this business and how doing everything to a home in a flip may not be the best investment. We added a new roof, furnace, siding, windows, concrete driveway, updated the kitchen, master bathroom, added carpet and flooring throughout. This was a negative project for me but I did earn a lifetime investor!

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

It was a good deal at first but we had to add too much to make a profit.

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

Wholesaler, we gave him what he wanted.

How did you finance this deal?

Investor who made close to 20k in a year!

How did you add value to the deal?

The entire home is remodeled, which contributes greatly to the community and the new home buyer!

What was the outcome?

I made very little on this deal but learned a great deal on flipping properties.

Lessons learned? Challenges?

Added way to much that made it a negative deal for me but my investor was happy and they still invest with me today.

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

Nicole Bruckner

The flip was in Franklin, I always give my investor a fair amount of return. I give them the interest rate and they decide by their monthly return if they want to invest or not.  We do not always make this much money, as most of you know.  This was an anomaly flip, we fell into it by chance, it was a huge risk because condo's are sometimes not the easiest to sell, especially in the middle of a Wisconsin winter!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $70,000
Cash invested: $20,000
Sale price: $230,000

This was a slam dunk deal! We added flooring, paint and some light fixtures to profit $100,000. Deals like these seem to be too good to be true, check the listing to see the numbers for yourself! Our investor made a nice chunk of change too. The property took 4 months to rehab and sell, making them $675 a month for 4 months on a $90,000 investment.

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

Low starting price and high interest area,

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

Milwaukee Auction

How did you finance this deal?

Private Money Investor

How did you add value to the deal?

Updated the condo and made it very attractive to the new home owner.

What was the outcome?

Sold condo in 4 months, made $100k!

Lessons learned? Challenges?

Why it is important to offer quality fixtures to help attract the buyer to match the purchase price.

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

Nicole Bruckner at Point Realty

Thank you both! I do have a list of probate and lis pendens that I created and seen good results from.  I have not touched the Abesentee list yet and I do not think it is worth my marketing dollars.  Thank you again, your information was extremely helpful!  Good luck to you both!:)

Thank you for your reply Braden!  I appreciate your honesty and may skip this type of list for our direct mailers.

Hello BPers!  I am looking for your help to pick the best company that offers an Absentee Owner List.  There are so many companies out there, I would like some input on who the best company is to work with.

Looking for honest opinions and advice on a few things about this site. After looking at the foreclosures in our area, I am not seeing any that are in foreclosure.  Do people know on doors for the pre-foreclosures listed?  

Do you recommend connecting with everyone and spending a good chunk of my time to do so?  

How has the resource helped you the most, what should I be doing everyday to make this worth my money and time?