All Forum Posts by: Christine Walsh

Thanks for the great info.  Rebecca, I am already scheduled to attend the meet up so I'll see you there. 

Hi,

I recently attended an auction in my area, read the requirements but still have some questions.  Any BP members have any experience in WI auctions that can answer a few basic questions?  I know i need 10% down but they don't state any of the steps after that.  Can I take anyone out to lunch that has some auction experience?

Dan C:  I tried calling a dozen listing agents, never get a call back.  The few I reach, after speaking with them, they stop calling back too.  I know, I'm the common denominator here.  The short sales are the worst, never have gotten a call back.  They don't want to put ANY time into the short sales.  Are they expecting the buyers agent to do all the work?

Hello again,

I am having a hard time getting in to see any houses on the market that aren't FSBO. The problem seems to be the real estate agents have NO interest in working with a beginner investor. The last agent I spoke with shot down all the house I wanted to look at because she didn't see it as a potential deal. WTF. I don't recall hiring her as my investment advisor. Unfortunately, she is one of the only agents to call me back and agree to work with me. I need advice. Do I push her to take me seriously or is there better agents in the Milwaukee WI area that will show me the houses I want to see? This is partially a vent. Thanks for listening!

Thanks for all the replies! I have about $23k liquid. Not really enough for a 30% down payment. I would have enough if I used my savings but I wanted to use that for some flips. I guess I will just wait a bit and focus on the flipping for now. I didn't realize all the possibilities for my IRA. Thanks for your input, I will put it to good use.

Christine

Hello!

I have some funds in my Roth IRA that aren't performing right now (sitting in money market waiting for a down turn to re-invest). I am thinking about using it to fund a multifamily purchase. Is this stupid or worth talking to a CPA? What sort of penalties would I incur? I have not done any deals yet. Still trying figure out my launching off point. Would I be better off using it to flip a house? Thanks for your help!

Christine

Hi,

I am interested in working for/with a successful Milwaukee area investor.  I would like to learn about house flipping and rental properties by helping with current flips and acquisitions.  I would love to be an apprentice of sorts but would appreciate a paid position and willing to work cheap for the experience.  I have a good baseline knowledge of home rehab and am very handy.  I'm a great multitasker and very detail oriented.  If you or anyone you know would like to work with a newbie let me know.  Any advice on the matter would also be greatly appreciated.  

Hi.  I saw an add in Craigslist for a private money lender for RE investors.  It seems too goo to be true (4% interest with short to long terms).  How can I weed out the scammers?  What questions should I be asking to help protect myself?    Thanks for your help.  

Christine

I've been checking out city-data.com.  Has all the demographics and you can filter by subdivision.  I don't know how accurate it is but it has been giving me a good idea of where I would like to be.