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All Forum Posts by: Davon Lowery

Davon Lowery has started 50 posts and replied 383 times.

Post: New Member from Wisconsin!

Davon LoweryPosted
  • Investor
  • Whitttier, CA
  • Posts 405
  • Votes 110

Congratz!! Welcome to BP

Post: New Member in Milwaukee, WI

Davon LoweryPosted
  • Investor
  • Whitttier, CA
  • Posts 405
  • Votes 110

Welcome to BP

Post: Credit 620 & Up, Investor Financing! Cash Out, Rate & Term, Buy!

Davon LoweryPosted
  • Investor
  • Whitttier, CA
  • Posts 405
  • Votes 110

Hey @Jerry Padilla

Can title be held by a biz/corp?

Post: First Property Cash or Mortgage

Davon LoweryPosted
  • Investor
  • Whitttier, CA
  • Posts 405
  • Votes 110

I also invest in Wisconsin, Milwaukee area. There are tons of lenders that will work with you, of course you meet the prerequisite criteria. 

20k is good for a down payment on a 60k turn key, as was mentioned earlier; however your will need at lease 3 months in reserves to get your loan funded. So, maybe u are only short about 5k, give or take. 

I am a little weary of Green Bay, namely because of the smaller population, but if you know the area, and are from there, then you know more than I do.

Post: New Investor Looking for First Rental Property in Milwaukee

Davon LoweryPosted
  • Investor
  • Whitttier, CA
  • Posts 405
  • Votes 110

Welcome TJ and thank you for your service. 

Post: Good and bad areas of Milwaukee

Davon LoweryPosted
  • Investor
  • Whitttier, CA
  • Posts 405
  • Votes 110
Originally posted by @Nathan Schoenborn:

@Account Closed I use Thompson's Process Service.  Their attorney charges $50 to handle the court date.  I tried to do it myself and spent literally hours sitting in the courtroom.  Well worth the small fee.

 I agree Nathan, it is a better use of our time to pay someone for it, not to mention it is a business expense. 

Post: New guy in Madison, Wisconsin

Davon LoweryPosted
  • Investor
  • Whitttier, CA
  • Posts 405
  • Votes 110

Welcome to BP.  Be sure to take advance of the wealth of information you have here.

Post: Milwaukee Meet Up

Davon LoweryPosted
  • Investor
  • Whitttier, CA
  • Posts 405
  • Votes 110

Can we plan something for March; The week of the 23-26th?

Post: Good and bad areas of Milwaukee

Davon LoweryPosted
  • Investor
  • Whitttier, CA
  • Posts 405
  • Votes 110

Thanks @Brie Schmidt and @Dawn Anastasi For the additional details. Speaking of which, on your podcast Brie, you said that you had to remove tenants because of the condition of the rentals at the time of acquisition; I was wondering if your shared and or covered the relocation cost for those tenants that had to leave, possibility relocated them to other units that you owe. 

For example, in my state, the relocation fees/penalties can be anywhere from $5k to $25k or $30K. There is a lot of grey area in between, medical conditions, landlord negligence etc...

A city council in my county just passed a referendum that would require tenants to split the cost with landlord for specific repairs related to natural disasters, very interesting.

Post: Hard money lending and Creative financing

Davon LoweryPosted
  • Investor
  • Whitttier, CA
  • Posts 405
  • Votes 110

Hello, I would like to learn more about the funding in the WI area.