All Forum Posts by: Mark Sewell

Don't confuse SEO best practices with rolling up your sleeves and creating good content that actually adds value.  The SEO part you can hire out but they aren't going to generate much for you in terms of quality content.  

Here's a nice tip I got from our guy @Jerryll Noorden - embed video that keeps people on your site longer.  The About page is one place where you can do that, but there are other places as well. 

I have also sent some dollars to Zuck for ads and to some extent I found it to be reliable, if not super effective.  I learned that driving traffic to a site that wasn't unique, helpful or otherwise worthy of holding people attention is simply a waste of cash. 

Still got a long way to go, but most of my 2020 goals are centered around exactly this.  Generate some useful content, or forever relegate yourself to working wholesalers and RE agents.

If you don't plan on personalizing your carrot site, or Lead Propeller site, then no, don't buy it - especially in a crowded MSA.  But then neither will your custom site.  

It will probably work fine in East Nowhere South Dakota (maybe) but and get you some organic leads right out of the box but otherwise, you are going to have to put some work in.  They give you the coloring book and the crayons.  You still got sit down and color in the lines.

Pete let's go get that brewed beverage.

@Micheal Mathis the only way to recover those education expenses is to keep going and figure out a why to do more deals.

And I'm here to tell you that you did OK.  Look, it's not a flip, it's not like those funds are gone forever.  They were plowed into a cash flowing property - that is all.  You've not lost any money here, not forever at least.  You just invested it for a while.

Have you run this deal through the BP calculator here on the site?  Give that a try. 

Going to assume not all of that $476 cashflow is profit - you will want to factor in vacancy and basic maintenance, etc.  But let's say, for the sake of our little discussion here, that it IS netting you about $300 a month.  That's OK.  That is a $3600 a year.  So if you plowed $26K into your rental house investment, then you have a Cash-on-Cash return of $13.85%.  This is only going to get bigger as rents increase.  Again, not sure what the actual number are, but I'm going to say you are doing better than you might think.

There are HML shops around town offering temp to perm loans to do BRRR projects like this. But like others have said, it will cost plenty - so you need to make sure you are buying right.

Not sure I see the problem here with what you did.  You got 16K invested in stage one and another $10K in stage two... but you have a house that appraised at $132K.  How much do you have financed again?  Is it cash flowing?  

For your first deal, it sounds like you at least survived and got through it.  No shame in that, sir.  Maybe you over-renovated it a bit, maybe it took a little too long - those are the mistakes we all make.

Seller financing actually could work, Pete.  You wouldn't be living for free, but at some point, you know you can refi later.