Building Back Up To 30 Deals A Year (Warning: kind of long)

Thanks for all the votes. FlippingJunkie got 1st place for best up and coming real estate investing blog! :beer

The fourteenth week is now posted. Got 15 leads this week.

The Def Leppard house rehab is now underway. I’ve posted the numbers for the deal, the scope of work for the rehab, and the before pictures.

Enjoy.

The fifteenth week has already come and gone and is now documented on the blog. This week I released the free lead manager web application, got 21 leads and visited a death house.

Thanks for following along.

The Sixteenth week now up.

Got only 7 leads this week but put one (even though it was a lead from before) under contract!

I am going to call it the frustration house and you will see why.

I’ve totaled up the lead count for from the beginning of this and it came to 221 leads. Not bad.

Seventeenth week now posted. 22 leads this week. Nothing put under contract but did get chewed out twice. Not bad for one week.

My wife also did a post on staging one of our houses. She did a fabulous job.

Last summer my family took a vacation to the west coast. We went from San Diego to Seattle over three weeks, stopping in the major cities and San Simeon. What a beautiful place (the west coast in general).

Here we are at the eighteenth week.

Got 16 leads this week and made $50,000 on the historic house wholesale flip!!! :beer

I don’t even think we went over to the house after getting the contract. Oh yeah, just once to check on the pool.

Just got back from vacation. We went to AirVenture in Oshkosh, Wisconsin and then stayed downtown Chicago for several nights. It was a great trip and the whole family really enjoyed it.

I did post last week and then today. That would be the Nineteenth and Twentieth weeks. We started work on two new rehabs and sold the Hidden Iron house. My wife staged the Def Leppard house and it made a remarkable difference.

Thanks a lot for following along.

Watching this one!

The Twenty First week is now posted. I can’t believe it has already been that long!

Got some good stuff for you this week.

The numbers for the Hidden Iron House flip are now posted for your viewing enjoyment. Take a look at the real numbers involved in selling a house in this market.

Oh, a raccoon fell out of the ceiling at a house! The weird things that you come across in this business keep it interesting. Check out the note that was on the door where the raccoon ran after falling out of the ceiling. Priceless!

The Twenty Second week.

Worked up a post about finding and approaching private lenders that shows how we found and built relationships with ours.

Have you heard about Flying For Dollars?

Crazy Realtor that is throwing out threats of lawsuits… oh the joys.

What a week.

The Twenty Third Week!

Flipping Junkie VS Boss Hog :beer

2 more deals under contract. One is a little different than what I normally buy. The postcards I sent out last week have pulled pretty well and have already produced 12 leads (two since I wrote the post a couple of hours ago).

We are also moving. Bet you can’t guess where.

Read all about it! Twenty Fourth Week. Attack of the Halloweenists.

Guess I won’t be getting that giant, old, white, convertible caddillac with horns on it after all. Oil deal went bust.

Just reread what I just typed and it sounds strange. Sorry, I’m exhausted.

Hi Danny,

Just want to say it’s a pleasure reading your blog (I’ve kept up with it since Week 1). Your insight and experience is practically a gold mine to me.
Question: How old were you when you did your first deal, and did you buy with full-cash or finance? Any tips/insight on making the very first investment a success?

-Mark :beer

Mark,

Thanks. Glad you like it.

I was 24 and it was a HUD house that I bought to live it. Got a loan to buy it.

The first investment that wasn’t lived in was about a year later and my mentor put up the funds for that one. Split profit 50/50.

The biggest tip is to verify the numbers yourself and make sure not to try to turn a non-deal into a deal by messing with the numbers to make it work. You will be itching to get that first one under your belt and the temptation to play with those numbers to make it work will be there. Don’t give in. Wait until you find a TRUE deal.

The twenty fifth week is now posted on the blog. Got another one under contract! :beer

Saw a crazy Christmas house in the neighborhood.

We were also busy with the second rehab on the expensive house. Removing over 2000 sf of tile! What a mess!

Twenty sixth week now posted my friends.

Another good week with 20 leads.

Got two more awesome deals this week and feeling pretty good. :beer

Had to find a new contractor (still looking) and posted about how I go about it. Hope you enjoy it.

Reading through it now, lot of good information. A lot of stuff that most people that read this forum should already know but often don’t. Seeing it in an easy to read format like your blog certainly makes it easier to digest I think.

Thanks, Rich. I think the weekly day-in day-out work helps people see everything put together.

The twenty seventh week has now been posted. The contractor quest continued through this week. Not something I really enjoy but is very necessary to operating a rehabbing business.

Closed and posted details on the ‘front yard stink’ house. Enjoy.

Your blog is definitely one of the better one’s that I’ve read.

I noticed you’re getting quite a few leads through your web site. Are these clicks or are these actual leads (people submitting their information via web forms etc.)? If the later, your web site is generating a good amount of actual leads a week. How much are you paying, on average, for your google ppc?

Thanks, Ryan.

The leads are from actual form submissions where they gave me the information about the house they want to sell, not just clicks to the website.

The ppc is just a small portion of the traffic to the site. The majority comes from organic search where I am number one for the results in my area for the main keywords.