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Updated about 5 years ago on . Most recent reply

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Travis C Brown
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Any investors in Wisconsin I could talk to?

Travis C Brown
Posted

Looking at buying my first rental I have about 15k saved up. Just wondering best ways to go about buying a property? What to look out for? Any tips to save money when doing rehab? I'm new to all of this

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Shawn Ackerman
  • Real Estate Entrepreneur
  • Mid West, East Coast
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Shawn Ackerman
  • Real Estate Entrepreneur
  • Mid West, East Coast
Replied

@Travis C Brown I'd suggest focusing your attention on rental listings on different online platforms, reaching out to sellers and negotiating a lease option with a sublet clause  This will likely get you started with a property that would/should not need a great deal of work.  If landlords are marketing vacant units, you could be their solution.  For example, if a seller is listing a rental(just thinking about my market of Milwaukee WI for example) in a duplex for $600 and the other is occupied for $600, then you could essentially do a rent to own with the seller.  Solve their vacancy problem, put a nominal down payment down and find the vacant unit tenant yourself.  You can put a long term agreement together with favorable terms and limited risk.  Otherwise finding sellers who are open to seller financing through working with a realtor, wholesaler or finding the sellers on your own.  All the best!!!

  • Shawn Ackerman
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