Archive for December, 2008

Super Clean Foreclosure – Stoughton, Wisconsin

December 28, 2008

Ready to invest in a foreclosure that needs nearly NO work?  Then this 3 bedroom home in Stoughton is for you.  Priced nearly $40,000 UNDER assessed value, this home is ready for you to either move into with instant equity, ready to rent, or ready for you to add a few finishing touches for a profit.  Want to take a look? I’d love to show you this one, and others that are currently on the market!

Mindy Allen, Broker Associate, ABR, Realtor

Keller Williams Realty

Working on a Fix and Flip … WITH family!

December 28, 2008

Yes, not only do I help my clients properties to fix and sell for profit, but I do the same for myself.  Recently, I have had the um, fortunate, opportunity to do a project with my family. 

In the past, it has just been my husband and myself, and we have been very sucessful at making a profit, every single time.  We had our disagreements, but with only two “cooks in the kitchen,” decision making wasn’t too hard.  We were able to quickly agree on cabinets, paint colors, flooring choices, etc.

Fast forward to our current project…there are 4 of us involved in this project.  Its a 4 bedroom, 2300 square foot home on a country lot in Cottage Grove, Wisconsin. The home is structurally sound and we basically finished it from the studs out. The participants are my husband and I (both experienced flippers) and my parents (newbies).  I also have the benefit of being a Realtor, so I know what buyers look for in their new home, what they don’t look for, and in which rooms we should invest the most. Lets just say, the decision making process has been a bit longer then usual.  We disagreed on everything from lighting to flooring to what details needed to be addressed and which ones didn’t (ie the screws on the hinges of the doors…no, I’m NOT kidding). I finally ended up being the one to do all the shopping for fixtures, flooring, countertops, etc.  Things went much smoother at that point. We are  near the end of the project and should be finished in the next couple of days.  The house looks fantastic and should make any family a great home. We were even able to stay under budget, and still put in high end finishes, fixtures and appliances.

My question is this; Has anyone else had the pleasure of this experience?  We plan on making a go of this, but any suggestions on keeping the peace would be helpful!

Short Sale – Sun Prairie, Wisconsin

December 22, 2008

Just listed! A great 3 bedroom, 3 bathroom 2 story home in Sun Prairie. This home is new construction with many bells and whistles. Currently priced $50,000 below assessed value, this home would make a great investment! Interested? Contact me at mindy@forsalebymindy.com

Missed Opportunity in Verona, Wisconsin

December 22, 2008

Just sold – A great 3 bedroom, 2.5 bathroom colonial in Verona. Sold for over $60,000 under assessed value in just 22 days!

Just listed! Foreclosure at $60,000 UNDER assessed value in Madison, Wisconsin

December 15, 2008

Just listed…

A 3 bedroom home in need of TLC on Madison’s east side. With over 2900 square feet and 2.5 bathrooms, this home has room for a great potential profit.

The down falls? No garage, but adding one could increase the potential resale of this property dramatically.

Like to find out more?

Mindy Allen, Keller Williams Realty

Missed Opportunity – 2 bedroom house in Fitchburg, Wisconsin

December 15, 2008

Had you been receiving my emails, I could’ve let you know about this missed investment opportunity –

Just sold, a 2 bedroom, 2 bathroom single family home in Fitchburg, Wisconsin in foreclosure. This home sold for $35,000 under assessed value. The house was located on a rural country lot and would’ve made a great rental property!

Would you like to know about these deals BEFORE they’re sold, contact me to get put on my “best buy” email list!

Mindy Allen, Keller Williams Realty

Investing Myth #2: The Best Investments Require Knowledge Most People Don’t Have

December 15, 2008

TRUTH: Your best investments will always be in areas you can or already DO understand

If you invest in someting you don’t know, you’re not really investing at all, but taking a shot in the dark.  If you decide to invest in real estate, invest in something you fully know and understand.  If you don’t, find a professional that can educate you to become an educated investor.

If you don’t have a specialized knowledge, pick one and start learning today.  You’ll find that investing in real estate is one of the easiest areas of investing in which to aquire expert knowledge and understanding. There is tangible investment knowledge to understand. If profits were lower one quarter then the next, look at weather, repairs, etc and the difference is usually easy to find.

Stay tuned for next week for real estate investing myth #3!

Mindy’s Monday Best Buy

December 8, 2008

Would you like to learn more about this house priced $55,000 BELOW assessed value?  With 4 bedrooms, 2.5 bathrooms and over 2400 square feet, there is plenty of room! Located on Madison’s North side and priced below $155,000!! This short sale needs some TLC to bring it back to an updated home. It won’t last long!

Mindy Allen, Keller Williams Realty

www.forsalebymindy.com

The Breakdown of my Real Estate Investment Blog

December 5, 2008

Ready to start investing in Real Estate?  Then you’ve come to the right place!

Each Monday I will be posting some great Real Estate Deals that have just come on the market.  From foreclosures, to short sales to multi-family rental properties.

Every Wednesday come read the latest real estate investment tips and advice.  Have something you’d like to learn more about, let me know and I’ll write about it for you!

Every Friday, I’ll let you know about the missed opportunites in real estate. That is, those sales that have occured that YOU didn’t buy!

Missed Opportunity

December 5, 2008

This Sun Prairie home was sold for over $50,000 UNDER assessed value in the end of November.  Had you been receiving my emails, YOU could’ve purchased this 4 bedroom, 3.5 bathroom, 2 story home at a great deal. With almost 2200 square feet, this 3 year old home sold in a short sale and needed minimal TLC to become a profit maker!  Don’t want to miss out next time, contact me and I’ll let you know about the deals as they become available!  Some foreclosures and short sales only last days on the market!