All Forum Posts by: Calvin Ozanick

There should be lenders out there who are willing to put a mortgage on it. Otherwise, assuming you own it outright, you should be able to get a short term hard money loan for the amount needed anchoring the loan with the property!

We are just west in Rock, Dane, Walworth and Jefferson Counties. I would love to help you expand your portfolio into one of the stronger secondary markets in the country. Let me know if you have any interest in learning more about the market! 

Hi Mark, welcome! I am based out of Janesville, but spend quite a bit of time in Madison as well. If you would ever like to meet for coffee, feel free to reach out any time!

Quote from @Francisco Hernandez:

I am newer to the BiggerPockets forums to not new to the company itself. I've been following for many years and read many books. Now I'm focusing into Real Estate full time and would love to work and network with people in this space. I bring many resources to the table. I can talk about fix and flips, underwriting, wholesaling, lead generation, agent outreach and I also from time to time fund deals for other investors. Let me know how I can assist your business. 

 I am based out of Rock County and often come up to Madison. I would love to connect if you are available in the comings weeks! 

We operate a property management company in Southern Wisconsin! If you are open to a referral program, I would love to chat about passing Illinois leads your way!

I would argue that Wisconsin has been known to have one of the better rent to price ratios. We have one client who invests here specifically for that reason. It would be interest to look at prices in many of the hot secondary and tertiary markets, where I think you can often get more bang for your buck. 

Welcome to the market! If you ever make your way down towards Rock or Dane County, I would love to meet for lunch or coffee. Best of luck in your search. 

Quote from @Gabe Morrell:

My wife and I are certain future real estate investors (Minneapolis-St. Paul greater area) who would love to enter the market sometime within the next 1-4 years and acquire our first rental property. We both are drawn to either single family long term rentals, or STR's in the right locations.

Right now we have $20k cash available for immediate investment, with the ability to increase that to $60-70k in the next 3 years through savings and bonuses at our day jobs. We also have approx. $140 equity in our primary residence that we'd be open to getting a HELOC on (would love feedback on if people recommend this or not).

Given our limited available resources for down payment, high home prices, and higher interest rates, is now a bad time for first time investors to enter the market? Is there a chance that rates and prices decrease in the next 1-4 years as our cash reserves increase, thus creating a better scenario for us first time investors?

We would GREATLY appreciate feedback from experienced investors on how best to start out on our REI journey.

Starting out is always difficult to time. If you are seeking for prices to drop, I would not anticipate a crash with the hopes of timing the market. Rates should decrease, but the issue with that is that when rates drop, people can pay more. So the rates coming down does not help investors as much as many people are planning on. 

I would argue you should also be looking for a property that you can take down. If you are marketing for deals, there is seller financing and other creative ways to finance the right deal. 

It comes back to the old Brandon Turner saying from his time on the BP Podcast, if I found you a $1,000,000 property and could sell it to you for $500,000 with no strings attached, you would figure out the financing! 

Best of luck in your search, if you need assistance along the way, do not hesitate to let me know!

Welcome to BP and I am more than happy to help and chat if you have any questions! I am based in the Rock County market, we also service Dane and Walworth County as well! I would also lean with how Marcus  mentioned LTR to be the most feasible successful outcome. We have clients who often buy properties that cash flow, even slightly, in good areas with strong rents. I would love to talk to you about how we help clients acquire and manage deals!

Rock County, WIsconsin. The prices are low, rents are rising and the market is very landlord friendly. I would love to chat about the market to see if it could be a good fit for your investment journey!