Greetings from Eau Claire, Wisconsin!

10 posts by 8 users

Medium 1399670148 avatar rjohnson13 Becky Johnson
Real Estate Investor from Eau Claire, WI
2 Posts
0 Votes
1 Award

Becky Johnson

Real Estate Investor from Eau Claire, Wisconsin

Feb 11 '13, 03:33 PM


My husband and I really want to start investing in multi-unit rental properties (buy and hold) and are in the education process. I think the most overwhelming part right now is looking at available properties and trying to find one that will produce cash flow. I'm reading the Introduction to Real Estate Investment Deal Analysis by J Scott right now and am finding it very helpful. Are there any other tools or articles anyone recommends for evaluating a property's potential cash flow?
I'm very excited to be part of this community and am looking forward to learning more! Thanks everyone!



Medium 1448323178 avatar blackbelt Joel Owens
Commercial Real Estate Broker from Canton, GA
10235 Posts
5064 Votes
17 Awards

Joel Owens Verified Video Moderator

Commercial Real Estate Broker from Canton, Georgia

Feb 11 '13, 03:52 PM


Hi Becky,

Welcome to Bigger Pockets. When you say multi-unit rental are you talking about duplex's, tri-plex's, and quads or 5 plus units??

Producing cash flow is just one function of a property. The principal pay down, hopefully appreciation, and tax depreciation make up the other 3 corners of the square.

The cash flow you are seeking will be dependent on the area and how involved you want to be with the property. Generally the higher the return the more hands on you are and the more problems you are solving.



Medium allworldrealtyJoel Owens, All World Realty
E-Mail: [email protected]
Telephone: 678-779-2798
Website: http://www.AWcommercial.com


Medium 1448388867 avatar rei milw Jenkins Ramon
Milwaukee County, WI
3393 Posts
391 Votes
7 Awards

Jenkins Ramon Donor

from Milwaukee County, Wisconsin

Feb 11 '13, 03:57 PM


Welcome,

You’re in a good environment for commercial / sfr properties
due to local university ( housing )

There is a ton of information throughout bigger pockets threads

Here is a few names get you started -

Frank Gallinelli ( look under Podcast tab )
and Joel Owens ( via forum threads )

Also utilizes your local library



Jenkins Ramon, JMWPS Ventures, LLC
E-Mail: [email protected]


Jenkins Ramon Donor

from Milwaukee County, Wisconsin

Feb 11 '13, 03:58 PM


Joel Owens already responded

typing to slow I guess (myself )



Jenkins Ramon, JMWPS Ventures, LLC
E-Mail: [email protected]


Medium 1448324704 avatar barnardinc Will Barnard
Developer from Santa Clarita, CA
12380 Posts
6029 Votes
23 Awards
Medium 1448398348 avatar brandonatbp Brandon Turner
Investor from Montesano, WA
12474 Posts
2400 Votes
18 Awards

Brandon Turner Verified Video

Investor from Montesano, Washington

Feb 11 '13, 06:56 PM


Hey Becky Johnson! I grew up just over the river and through the woods from you in Minnesota (North Branch)

I'm a big fan of small multifamily properties. Here's a few articles that might interest you about that stuff:

How to Start Investing In Real Estate at a Young Age or a “Young at Heart Age”

What is Hybrid Real Estate Investing?

How to Make a Million Dollars from Real Estate: A Step By Step Path

Anyways, thanks for introducing yourself! let us know how we can help ya!



Medium fbprofileBrandon Turner, BiggerPockets
E-Mail: [email protected]
Website: http://www.BiggerPockets.com


Medium 1399670029 avatar constantstudent Evan B.
Real Estate Investor from Stafford, VA
8 Posts
1 Vote
1 Award

Evan B.

Real Estate Investor from Stafford, Virginia

Feb 12 '13, 01:56 AM


Welcome Becky! I am new to this community as well, anyways one thing that had not been mentioned yet was the type of financing that you and your husband will want to use. Multi-unit properties are a GREAT way to produce income especially because if you find the right deal you can have one side pay for the unit while another is paying you. With that being said I just confirmed through this community yesterday that is you want to purchase a unit that has more than four units you will need to apply for commercial money. If your unit has four units or less you can use conventional money.

Hopefully this is something different for you to think about. Also I do not know if you subscribe to Money magazine but in the Jan/Feb edition there is a formula for calculating cash flow, net income, return on investment, and a few other formulas. It is in the real estate section and you can easily go and pick up that magazine or search the internet for the same thing.

Have Fun!!



Medium 1448399064 avatar biggerpo Joshua Dorkin
BiggerPockets Founder/CEO from Denver, CO
16025 Posts
4120 Votes
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Becky Johnson

Real Estate Investor from Eau Claire, Wisconsin

Feb 12 '13, 08:12 AM


Thanks everyone for the welcome! Thank you also for the suggested articles. Now I just have to get busy reading and figure out what kinds of questions I need to ask all the knowledgable people on BP.



Medium 1399679974 avatar crkuchlenz Charles Kuchlenz
Investor from Eau Claire, WI
38 Posts
1 Vote
2 Awards

Charles Kuchlenz

Investor from Eau Claire, Wisconsin

Jun 17 '13, 02:10 PM


Hey Becky, are you guys still around? I would like to meet up with you guys to discuss what you have been doing around EC.



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