Value Add Examples on a Real Flip by Brad Bone

VALUE ADD EXAMPLES ON A REAL FLIP Winners Circle is a house we bought in Bakersfield on May 3, 2018 for $65,000. It’s in a great neighborhood and should resell for $230,000-$240,000, however, it is undergoing a large renovation. Many of the upgrades we are making are relatively simple solutions Continue reading >

  • Brad Bone
  • In REsimpli Direct Mail User Blogs,
  • 08/14/2018
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Creativity in a Competitive Market by Austin Hendrickson

With the current market being so competitive, investors need to get creative with their deals as they are being harder to find. One example of how my partner and I did this is that we bought a house about a month ago off-market from direct mail. It is a 2/1 but we are turning it into a 4/2 and insta Continue reading >

  • Austin Hendrickson
  • In REsimpli Direct Mail User Blogs,
  • 08/09/2018
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Deal Update – July 6, 2018 by Brad Bone

We are currently working on 7 deals at the moment. 5 of them are flips in progress and 2 are under contract to purchase. FLIPS IN PROGRESS: Vasser Ave, Fresno CA – This is the “Loser Deal” that I recently blogged about. We ended up taking an $80,000 offer from a cash buyer who is plannin Continue reading >

  • Brad Bone
  • In REsimpli Direct Mail User Blogs,
  • 08/07/2018
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A CPA’s Perspective on New Opportunity Zones (OZ) by Austin Hendrickson

                          As a CPA who specializes in real estate, I have been doing some reading on the new Opportunity Zones (OZ) passed effective 1/1/18 with the new tax law. While guidance Continue reading >

  • Austin Hendrickson
  • In REsimpli Direct Mail User Blogs,
  • 08/03/2018
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Marketing Strategy by Justin Bone

                        In 2017, our direct mail marketing strategy shifted.  Prior to 2017, our strategy had been similar to the traditional style of direct mail marketing.  That is we would mail s Continue reading >

  • Justin Bone
  • In REsimpli Direct Mail User Blogs,
  • 08/01/2018
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Week 16 – The Power of Follow-Up

                      We didn’t receive any new solid leads this past week but we did hear back from a seller we had been negotiating with. The seller called us from Absentee Owners list and he has 2 proper Continue reading >

  • Sharad Mehta
  • In Sharad Mehta - Founder Blog,
  • 07/31/2018
  • No Comments

The Loser Deal by Brad Bone

We were brought a deal by a partner that looked interesting to us in December of 2017. It was a little 2-bed, 1-bath house in a working-class area Fresno, CA that had a messy tenant in it. We ran it by our local real estate agent and he figured it should get sold for at least $110,000 but suggested Continue reading >

  • Brad Bone
  • In REsimpli Direct Mail User Blogs,
  • 07/26/2018
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A Win and Lessons Learned From the Deal by Austin Hendrickson

It is now halfway through 2018 and I am celebrating a win as my partner and I just closed on an off market deal on a single family house in a good neighborhood. We have been in negotiations with since November as mentioned in a previous blog post. This was the most difficult seller my partner and I Continue reading >

  • Austin Hendrickson
  • In REsimpli Direct Mail User Blogs,
  • 07/24/2018
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Week 15 – closed on sell side of 2 wholesale deals

We closed on 2 sale side transactions and did really well on both. One was a back to back transaction so we really just owned it for few minutes. The other one we owned for 2 weeks and sold to an investor who is going to flip it. We also purchased another house from a wholesaler yesterday and we wi Continue reading >

  • Sharad Mehta
  • In Sharad Mehta - Founder Blog,
  • 07/20/2018
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Risk by Justin Bone

How much risk should your business take on? This is an interesting question, and like most hypothetical questions, the answer depends.  I realized something interesting this week as I chatted with an old college roommate. I don’t think the answer to this question should depend on how many availa Continue reading >

  • Justin Bone
  • In REsimpli Direct Mail User Blogs,
  • 07/19/2018
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