All Forum Posts by: Matt Heath

Hi Everyone,

I am looking to purchase some multifamily in Beloit WI. I have not seen many property management companies out there and the ones I have seen have really high fees. Does anyone have any recommendations for a company there. Also, if anyone is looking to sell 4+ units In Sheboygan, WI please let me know!

Thank you!!

Thank you all for your feedback!! I have seen 75 LTV loans out their mostly. I will contact Home Savings Bank! Thank you!

Hello,

I am looking for a bank that will do a cash out refinance at 80 LTV, amortized over 30 years with a 4-5% rate. This would be a 5-7 year ARM loan.

Please let me know if anyone knows of any Wisconsin banks that can do this or loan in Wisconsin.

Hi Jason, 

I really appreciate that, thank You! 

Hello, 

I am looking to network with Commercial Multifamily Brokers in Wisconsin who specifically work in the Fox Valley and Madison areas. I am looking to purchase a multifamily apartment and would love to build up a relationship with someone. Does anyone have a recommendation for anyone? 

Thank you! 

Hi Scott, I have someone for you to use. PM me if interested.

Hello BP,

Does anyone know of a roofer near Wauwatosa Wi to do a 30 square roof? How much should this cost? It has three layers of shingles on it. 

@Dave Foster, @Clayton Mobley, @Bill 

@Bill Exeterundefined

Thank you for your quick responses and thank you for clarifying the requirements for me. I am not yet to the point of wanted to complete a 1031, but wanted to understand the process for when I do decide to complete one. Thank you again for your time. I will definitely reach out to one of your for assistance through the process.

Sincerely,

Matt

Hello Everyone, 

I am looking for some general information on 1031 Exchanges. I have read the guidelines on the IRS website, but wanted to confirm some information. Lets say for example I own a property worth 250K, but have a remaining loan balance of 50K. I sell the property netting me 200K. I would like to take the profits and 1031 Exchange them to use as a down payment into a larger deal worth 1,000,000.  Is it possible to do this? I have read that you can only buy a property worth 200% of your original property. Assuming this is correct, I could only buy a property worth 500K. I can however buy multiple properties as long as they do not exceed 500K? 

Thank you for all of your responses in advance.

Sincerely,

Matt

I would be looking in the range with rehab all in at under 200K-250K