What do you know, it's the middle of June already

Well, I have certainly failed to be anything close to consistent with my posting. Not posting kinda defeats the purpose of having a blog. At least something is better than nothing, so if I cannot do it everyday, I will work on doing more than what I have been (that should not be too hard, huh?)

Ok, so the property that I got under contract for $7,500 was of absolutely no interest to anyone. I got a couple of tire kickers, but that's about it, except for the guy out of state who anted either a BPO or an appraisal done. Oh, and he wasn't going to pay for it. Uh, no.

On Friday I got a much better property under contract, or at least i think I did. We came to a verbal agreement on the purchase price, I signed the papers and my agent sent them on to the seller's agent to get signatures. I have not gotten anything back as yet, so that's why "I think" I got it under contract on Friday. The tough thing about this one is it's an estate so some extra eyeballs will be reviewing it AND one of the parties to the estate got scammed in one of the big mortgage fraud scams around here, so doing a straight assignment is a no-go for this deal. I can do a double close, but I did not exactly account for this in my calcs, so I may need to take a little less to get it moved.

It's a pretty sweet deal. It is basically move-in ready as a rental and is in a great area. It just needs some cosmetic work and maybe some electrical work. The house is old, but the fuse box has been upgraded to a breaker panel, except they ran the line off the fuse box instead of removing it altogether. Not sure how that will go in the permit inspection. If that is ok with the inspector, then rehab will be something around $4k-$6k.

The ARV is in the $85-$90k range, I got it for $33k and it should need under $10k to get it going. if I can move it for $40k, I will be happy.

After talking with some other investors, though, I will be moving my focus from SFH to multi-family, especially duplexes. The SFHs are not moving very quickly in general, so I need to change my approcah a little bit.

So, that is what is new on the REI front. On the internet marketing front I have been doing some work as well.

With moving to a virtual investing model, using the internet has become key. A natural extension of this is to incorporate affiliate marketing into what I am doing. So, last week I kicked of my first full-fledged campaign. I will look to promote real estate products, but that is a more specific niche, so my first campaign is for a product that will have broader appeal...buying a car.

If you are looking at buying a new car, a used car, or determining whether to lease or buy, check out this product and learn some great money-saving tips...www.CarBuying-Advice.info.

As part of my campaign, I have created 5 Squidoo lenses, please take a moment to check them out and give them a rating.

1 www.squidoo.com/NewCarBuying-Advice
2 www.squidoo.com/UsedCarBuying-Advice
3 www.squidoo.com/BuyingACar-Tips
4 www.squidoo.com/BuyingAUsedCar-Tips
5 www.squidoo.com/TipsForBuying-ACar

I have a goal of getting a campaign like this set up every-other-week, so by Labor Day I will have 7 campaigns out there beginning to generate some income to supplement what my wholesaling brings in. Wish me luck in this!