
Below is an email we received from a Ren-Menion, Jared C.—
RenMen!
Ya’ll still alive? Ya’ll ok?? Should I call someone and have them go over to check on you guys? I’m starting to wonder if you guys took the ‘diet’ thing a little too far and starved yourselves to death…. all so you wouldn’t have to write a check to charity…
JC,
Thanks for you concern, we are still alive. We have been shooting the information product, for the past several weeks. It has become a much bigger project than we first expected. We don’t want to sound cocky, but we forgot how much we knew about real estate, and how much needed to be shared and told about real estate. We only have our cameramen certain days and we can’t quite seem to squeeze out a Ren Men Show. It is our hopes to get one out this week, –root for us, we are going to need it.
The diets are going…for Grant well, for Alan the same. Grant just returned from vacation cheated all week, and came back the same weight! Alan is still lifting, stronger than ever and has lost five pounds since the Bod-Pod weigh-in.
On the housing front, we have continued to pick up houses here and there — steady wins the race. On the RAG front, we are losing the battle of 200. We had wanted all along to have Jeeps, Jeeps, and more Jeeps, we get them, then gas go to $4.00 a gallon. Sweet! Any Ren-Menions want a Jeep for cheap?
The vending is status-quo. The information product is coming along great at times and decent at other times. We have had some hindrances, but they haven’t stopped us, yet. We hope to complete filming by the end of April, complete editing by the end of May and push product out sometime in June/July. That is an aggressive schedule, which is right up our alley.
“Vaynerchuk, to be the man… you must beat the man!” Do you REALLY think you can beat The Ren Men at pencil wars?
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The above chart is the performance of the Ren Men Investment Group. In just over seven months we have seen a 15+% return on our money. Not bad for a group of investors who are not specialized in the stock market. Just dumb luck or are we savants? We’ll let you decide. Our current holdings are as follows:
AAPL at $320.91, currently trading at $359.16
STEM at $1.11, currently trading at $0.95
GE at $ 18.668, currently trading at $21.53
YONG at $6.88, currently trading at $6.77
ATSG at $7.76 , currently trading at $8.41
We are looking into buying FAZ to hedge our bets. Some of the group thinks the bottom is going to fall out of the stock market, some don’t.
Yes, it is true. The Renaissance Auto Group is raffling off a Jeep Cherokee. Each ticket only costs $2,000. Please make checks payable to Ren Auto Group.
On a more serious note, we have totaled our sales for the RAG for 2010. Take a look and let us know what you think. Follow this link. It is our hopes to double our sales in every month in 2011.
Here we go, agaaaaaaaaaaaaainnnnnn, agaaaaaaaaaaaaainnnnnn!

***UPDATE***
After doing some digging we learned that a company purchased this house for $97,000. We upped our highest-and-best offer to $90,000. We were very close to getting this one. At $97,000, the buyer should be able to make money on this flip, if they chose to flip it and not hold onto it.
We’ll keep you updated on when/if it comes back on the market for resale.***
In a prior post and episode we discussed our first ‘flip’ house. The renovation costs are $25,000, with a list price of $119,900. Great news, the list price has just reduced 10K to $109,900! We are getting closer to our offer price of $80,000. We submitted our offer on October 28th. Our offer is ‘good’ until November 4th. We haven’t heard any news, we’ll keep the Ren-Menions up-to-date as much as we can.
Here again is our breakdown:
| List price- |
$109,900 |
| |
|
| Offer- |
$80,000 |
| Repair- |
$25,000 |
| Realtor- |
$10,000 |
| Carry/Closing Cost- |
$10,000 |
| |
|
| Total Investment: |
$122,000 |
| |
|
| Sale Price: |
$145,000-$160,000 |
| |
|
| Total Profit: |
$23,000- $38,000 |