All Forum Posts by: Michelle Sullivan

Southeastern Wisconsin

Amount $100,000

It’s a fact: Children with Autism grow up to be Adults with Autism. Residential housing for adults with autism to live together with care assistance is in great demand. I have first-hand personal care experience with adults with autism and a strong desire to fulfill the demand for supportive homes in Wisconsin. 

Why Invest?

The transition from childhood to adulthood includes housing for adults with autism and it can be challenging. A family’s loved one desires a forever home with support services and ability to be part of their community.

A residential home or group home could have a 40% - 50% profit margin. In a smaller home with 3-4 people, the owner can net anywhere from $5,000 to $8,000 a month. 

Proposal for capital

To acquire two (2) single family, one story homes with a minimum of 4 bedrooms and 2 bathrooms in a quiet neighborhood close to the bus line and shopping. Van or mini bus for transportation for outings, work and/or appointments. Operational funds for the first 90 days for staff and debt service. Private pay and public funding residents will be accepted.  

Seeking an investment partner in residential long term care business for adults with autism. Please private message me if you are interested.

Hello,

I am seeking private funding to secure an established car wash on the NW side of Milwaukee. The financials provided from the listing agent looks really good. I signed a NDA, so I cannot provide specific details on an open forum. 

The purpose of the car wash is to fulfill employment for young autistic adults who are greatly undeserved with employment opportunities. 

I would appreciate your help in the purchase of the property. I can provide further details upon request. 

Thank you. 

Hello,

I have storage unit deal that I need a partner on. It’s a grade C facility with a solid cash-flow. Expansion to include outside storage and add-ons to generate additional income is there. Currently the unit is 75% occupied (166 units). Summer months the occupancy goes up. Gated property built in 1995.

Negotiated the property for $355K. Valuation is at $410K.

Would like to do a debt partnership. Exit plan is 3 years.

Gross Income Potential: $94,086 (30% vacancy accounted for)

Total Controllable Expenses: $23,457

Total Non-Controllable Expenses: $11,465

Gross Expected Income: $59,164

The operating expense statements are on hand. A solid marketing plan and add-ons will increase the margins.

Inbox me if you’re interested in more information. I will be happy to send statements to anyone serious about partnering.

Asking price is $11K

Single family home in the 53212 area code. 3 bedrooms, 2 bath. Master down with attached bath. 2 bedrooms up with 2nd bath. Rehab started- many nice updates. Estimate $20K to make this property rent ready.

Cash buyers, quick close.

Inbox for address and pictures.

Thanks for your interest.

2120 N 40th Street, 53208 - $45K

Attention Investors - Rental property is a triplex!

Here's the monthly rental:

First floor unit $525
Second floor unit $525
Third floor unit $400

Total monthly rent is $1,450

The 2 lots next to property is included in the deal. Build new houses on the lots next door to add to Washington Heights community development.

2816 N 34th Street, 53210 - $22K

Duplex is Cash Flow Ready!

Duplex, 5 bedroom/2 bath 2530 SQF with off street parking. No major repairs needed, only upkeep. There is a property manager to help with maintenance.

Rent potential is $1100/month.

If you want a property cash flow ready, this is it! There is a non-refundable $2,000.00 deposit requirement to secure deal.

2642 N 24th Street, 53206 - $25K

New Listing is Cash Flow Ready!

Duplex dwelling, 5 bedroom/2 bath 1972 SQF with a 2-car slab parking property.

Rent is $1050/month.

Property manager is already in place.

If you want a property that is cash flow ready, this is it!

*Cash/hard money buyers

Great cash flow investment.

This Property is Located on Groeling Ave in Milwaukee WI 53206. Features: 2-Story home, 3/2 bedroom, full unfinished basement with laundry area. Large 2 car garage, side drive with extra parking. Fenced yard on a huge secluded lot. Roof and furnace in good condition, water heater is needed and foundation is sound. Painting, carpet, minor drywall repair, and cleaning is all that is need to make occupancy ready. Section 8 approved! Rents between $775 - $800 monthly.

Priced at $40,100

I am looking for a wholesaler in the Winnebago county area (Oshkosh, WI) for insight on the real estate market.

Thanks....

@Dev Horn , thank you for the equation to use on price per square footage and comparing apples to apples. I pulled comps on 3 similar properties (duplex 4/2) within 1 mile from subject wholesale property. They sold from $23K - $30K. The sold properties were in "good" shape (drove by each one). Subject wholesale property was in "bad" shape. Walked around and took pictures. I had no problem in explaining to the owner what was being sold in the area and the repair needed on her property. Estimated repairs at $9 per square footage - came to $16K. Offered a wholesale offer, which she refused. I have an option 2 on the table. The owner is considering it and we'll touch base on Monday.

I have to say this is my first "rodeo" and I am negotiating it as best I can. Thanks to following the seasoned pros! I lived in the DFW metroplex for 10 years (Collin county). Still have my Texas plates on my car - not ready to fully let go.

@Andre St.George ...you know, I just listened to what worked for others and decided what the best approach would be for me - as far as a niche and to do direct mail. I started the mailing as the first step in my marketing efforts. I set a monthly budget and went for it. Bandit signs is absolutely another avenue I will pursue. My next marketing move is to have signage in my car window. Nothing big enough to be seen as I drive down the street, but visible while parked at the store, movies, etc. Sounds like you are doing well with the signs, so that is great!

You've both given me an understanding on how to derive at a true comp. When I go to visit the property tomorrow, I will drive to the sold properties just to take a look at their condition. This will help me come up with an ARV.

I appreciate your insight!