Most seasoned landlords don't borrow enough. Especially medium size landlords, they sit on a ton of equity, but they self manage and pinch pennies. They get so obsessed with paying down mortgages that this becomes the purpose and we forget we went into real estate for a better life. What's the po...
We manage a lot of properties for owners who don't live here and I'm curious what others are dealing with. Is it finding good tenants, contractors, city notices, or just knowing what's actually going on at the property? What made you happy or unhappy with your PM?
We just closed on a 3-bd/1 ba, 2.5 car garage, SFR in the Hampton Heights neighborhood of Milwaukee, WI 53218. We used conventional financing through Landmark CU and did a 30-yr loan at 7.2% Purchase price: $85,000.00 Monthly mortgage payment: $434.89/mo Taxes and Insurance: $326.10/mo Rehab cost...
In the last years, the rent amount on a BRRRR property has become the defining factor for the loan amount. It used to be mostly LTV and appraisal, now it's the 1.2 DSCR, so in that way rent is becoming the limiting factor. What really took me by surprise was that one of my go-to lenders here in M...
Hello, my name is Jeanette. I am a current investor I’m looking to become a hard money lender. Is $100,000 a sufficient amount? What details can anybody give me such as what to look out for, what should be in the contract, and if anybody has any leads thank you for your time. I look forward to yo...
Hi everyone! I’m starting to invest in the Milwaukee area, but I don’t live in the U.S. yet. I’d love to get your recommendations on good neighborhoods to start with, and whether it’s better to focus on the north side or the south side of the city. Thanks in advance for any advice!
Curious what other landlords in Milwaukee think. Is Section 8 worth it for your rentals? If yes, why? If not, why not?
Hi all, I'm in the middle of stabilizing a duplex in Martin Drive and would appreciate it if you all could share referrals for electricians you've worked with and can recommend. Preferably independent contractors that don't sit under a larger service company. Thanks!
Hi, I am a newbie investor looking to start my investor journey in the Milwaukee, WI market. I would appreciate your thoughts on the following deal - 4beds, 2baths, 1,574sqft, 1891 built, 8,712 Square Feet Lot, generating rent of $1600/month to long term tenant. Market rent $1800+. Asking price -...
Hi all, I'm new to real estate investing and looking to purchase my first buy-and-hold rental property in the greater Milwaukee area. I’m new to the city (but planning to stay long-term!), and I’m still getting to know the local neighborhoods. From what I’ve gathered so far, the areas can vary qu...
Hello, everyone! My name is Merek and I am just beginning my real estate investment journey. I work as a financial advisor based in Milwaukee and have been interested in developing a real estate portfolio personally. A number of clients have rental property and know it can appear overwhelming to ...
Hello everyone, thank you for taking the time to read this. I am inquiring about being a hard money lender. In The Milwaukee area in Wisconsin, what are some lenders that will offer a HELOC loan through an investment property not a primary home?
Hello, thank you for taking the time to read this. I was inquiring about a HELOC through my investment property not a primary home. Is there anyone in the Milwaukee area that offers that?
Hello everyone, I am in my last semester of college majoring in Finance. I currently have an internship until December when I graduate. I have been given the opportunity to discuss for a full-time position after graduation, but I feel like it's a place with limited growth potential. After I began...
Hello BP community. I am new to the Landlord realm. I'm ready to rent out to tenants. What is the best software to use? I've narrowed it down to BP's Rent Redi or Tennant Cloud. Any insight would be greatly appreciated!
If you got any ideas, I'd really appreciate it. My ex husband and I started this STR. It went live May 30. We received 13 bookings in 5 days. June July August are booked almost solid. It seems to be well on its way to succeeding as a STR. My ex husband needs to sell NOW and really wants to also w...
I have a mix of long term rentals and short term rentals and I'm looking for something to help organize all of my expenses and more. I currently use apartments.co for screening and rent collection. It would be nice if one app had it all but I don't think any are there yet. I really like that Stes...
Sounds good. I only fixed some spelling/grammar Hello all! My name is Jeanette. I currently have 2 rental properties and am looking into the hard money lending game. If I want to be a hard money lender, what questions should I be asking a potential client? What are some red flags? Does anyone hav...
Hello Everyone, looking to purchase an STR in the Hayward area and could use a recommendation on an agent with STR experience. Thank you! -Justin