Wisconsin Triplex $587 cashflow/mo
6 Replies
Eric Schmid
from Minneapolis, MN
posted 11 days ago
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $80,000
Cash invested: $16,000
Contributors:
@Jared Freye ,
@Joseph Ziolkowski
This was an awesome MLS deal that we couldn't pass up!
After considering 25% expenses and $70 for water/sewer, we cashflow $587
How did you find this deal and how did you negotiate it?
This was an MLS deal and we paid asking price because it exceeded our numbers.
How did you finance this deal?
We put 20% down out of pocket

Jay Howard
Investor from Minneapolis, MN
replied 11 days ago
@Eric Schmid do you mind sharing what area in Wisconsin? Minneapolis resident also exploring Wisconsin locations. Nice deal!
Eric Schmid
from Minneapolis, MN
replied 11 days ago
Nice! North-Central Wisconsin!
Daniel Anshus
Real Estate Agent from Minneapolis, MN
replied 11 days ago
@Eric Schmid congrats man! Love watching what you are doing. Let's grab a beer and catch up man
Eric Schmid
from Minneapolis, MN
replied 11 days ago
Dan! Thanks man - let's do it!
Mitch Kennedy
Rental Property Investor from Waupaca, WI
replied 2 days ago
Congrats on the deal! I'm touring two North/Central Wisconsin duplexes from the MLS this weekend with numbers similar to yours. Hoping one of them works out!
Jim Jones
Real Estate Investor from Los Angeles, California
replied 2 days ago
Nicely done Eric!
I myself would like to start investing out of state. Is there anything you recommend I start doing before I even travel down this path?
Any help is appreciated.
Thanks
Jim
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