All Forum Posts by: Alisha Boulter

Today is a horrible day.  We closed on our first duplex 2 days ago and I contacted our property manager/realtor today to discuss sending rent increase notices and they pulled up leases to see that the lower unit is leased until 6/2021 and the upper unit is leased till 6/2025! My heart is sinking.  The rents are very low and have me paying all utilities.  This was our first occupied unit and multi unit, so of course, I did not do my due diligence, as my property manager is also my realtor and when the offer was written, we put langelade that stated “tenants are to remain month to month leases”, so I had assumed that my realtor had verified the lease terms, as we had discussed increasing the rents.  Buuuutttt now, I am stuck with a property that is not going to make me any income and I will be lucky to break even after utilities.  I am so mad at myself for not asking to review the leases. Now I know not to depend on anyone else, even though I trust my realtor/manager and I know it was an oversight on both our ends.  My question is if anyone has any tips? I told my realtor that we may just have to re-list it and pray we can sell it.  

Thanks! 
alisha  

Hi Gary, 

The property is in the Green Bay, WI area.  

An opportunity has presented itself for us to have first dibs on a 39 unit multifamily.  This is all still new to me! They are giving a $200k sellers credit to fix elevator. Any options for financing if I don’t have $400k For down payment?  

Thanks! 
Alisha Boulter

Hey all! I am from Wisconsin and we are newer to REI Brrr life! We are currently exploring looking into out of state investments, specifically Lexington, Kentucky area. Any recommendations you may have for Core 4 (realtor, property manager, contractor, and lender -hard money and refinance) would be greatly appreciated! TIA!!

Hi everyone! My name is Alisha and my husband and I are new to the real estate investing community and we are ready to hit the ground up running and create an amazing future for us and our family.  We are currently searching for hard money lenders either out of state or in our area who are willing to invest in rental Brrr real estate with us.  Does anyone know of the best resources to find these individuals?  I want to emphasize I am not requesting anyone in hear be our investor, just wondering if anyone in the Green Bay WI area know of resources to find these individuals.  Thank you!