2014 was a year of learning for Capital Property Investments LLC (CPI) co-founders Douglas Golliher and Jeremy Miller. The duo was schooled in the world of property investing. “The first year of a business is always a learning process,” Golliher said. “You prepare as well as you can, but there are always going to be things that come up that you didn’t foresee. You have to learn on the fly sometimes, but that is why it’s exciting.”
Miller and Golliher started the foundation of what looks like a bright future for CPI. They weathered the battle of starting up a new venture and are ready to take it to the next level in 2015.
“It was not an easy first year by any stretch, but we now know we can face just about any obstacle we may see in the future,” Miller said. “Success does not come easy. You need drive and passion to overcome any obstacle that comes between you and your goals. One thing we have at CPI is drive and passion and that puts us ahead of the curve.”
The local investors set out to start a business they were passionate about and one that would help better the community. They left very successful careers in other fields to begin their dream of being business owners.
Golliher, a Windsor resident, has always had a community mindset and that is why he served as a second and fourth-grade teacher in the Sun Prairie School District for the past 10 years. His decision to put down the books and chalk was not easy, but he has no regrets.
“I really enjoyed my time teaching. It was great to be a part of such a thriving community,” Golliher said. “It was time for a new adventure and I’m excited to make a mark in the community in a different way.”
Miller, a Sun Prairie resident, spent 16 years in the insurance industry. His countless hours spent surveying homes and writing estimates made for the perfect transition into property investing.
CPI began operations in January of 2014. The first order of business was purchasing property at 204 Market St. in DeForest and renovating it for use both as an office and rental property.
“We wanted to find a location in the heart of a great community and we found the perfect spot in DeForest,” Golliher said. “I grew up in the DeForest area and knew there was no better place to start our company. It also puts us in the middle of a great market with communities like Madison, Sun Prairie, Waunakee, Monona and Middleton.”
In the first year, CPI focused on purchasing and rehabbing homes to put on the market. They started with a Victorian home on North Birdsey St. in Columbus.
Miller and Golliher got their hands dirty on the Columbus property, as they did their own demo work and landscaping.
The project in Columbus took five months, which was a little longer than expected, but not bad for the first house.
“For our first rehab, the house turned out great,” Miller said. “There were ups and downs in the process, but we were really proud of the product we created.”
Buyers were impressed with the work done on the home and it sold just seven days after hitting the market.
“Everything happened so quick,” Golliher said. “We knew we had a home people would fall in love with, but it caught us by surprise how quickly it all went down.”
CPI then purchased three more properties in the following months and rehab work is ongoing at all three locations. They have a Victorian home at 130 North Main St. in Fall River and ranch homes at 4602 Goldfinch Dr. and 505 Vernon Ave. in Madison.
In looking for homes to purchase and rehab, CPI looks to help homeowners out of any kind of distressed situations. They promise no fees, up front costs or commissions.
“We will just give the honest truth about your home and how we can help you sell it fast to resolve any situation,” Golliher said.
With the completion of all three rehab projects this spring, 2015 is setting up to be a big second year for CPI.
“We are excited about what is coming down the road,” Miller said. “Our biggest thing right now is finding more properties. We want to keep the ball rolling.”