All Forum Posts by: Jacci Konkle

Kevin Stein is in Oshkosh and I would also recommend him. If you'd like help in the northern half of your search area, I'm still willing to help you. I have many resources of off market rental properties because of my associations. Kevin would be an excellent resource for the southern half of your search area as I do not have as many resources down to the Oshkosh area. Many lines in the water (especially if you're searching for off market and non-MLS properties and deals) is a great idea!

I'm an agent in the area.  PM me to let me know what you're looking for. 

If you are a landlord or aspire to get into the cash flowing industry as such, you will do yourself years of favors by attending this highly acclaimed presentation with Dr. Rent. 

Tuesday June 19th, 2018 “DR. RENT” John Fischer
~ The Top Ten Biggest Pitfalls of Landlords ~

John Fischer, also known as “Dr. Rent”, will focus on the common mistakes property managers and landlords make. Bad things can happen to good people. When a good landlord falls victim to a bad tenant, results can be frustrating. Dealing with bad tenants is already hard enough, but too often good landlords fall victim to their own mistakes, compounding an already bad situation. Dr. Rent will discuss the 10 most common mistakes that he has seen in over 20 years as a landlord and property manager. One of the best things we can do is learn from our own mistakes, but Dr. Rent has found it is wiser (and a lot less expensive) to learn from others' mistakes as well! He has taught classes on everything from accounting, to property management procedures, to Landlord/Tenant Law.

For planning purposes PLEASE pre-register for this event.
We want to make sure we have a chair for everybody!

Registration & Information: www.AppletonREIA.com
Registration, networking, and FREE pizza begins at 6pm
and the event begins at 6:30pm at 5th Quarter in Little Chute

Members and First Time Guests are FREE to attend (returning non-members are $15 in advance or $20 at the door)

AWESOME!  Welcome :-)

How much time do you spend working in your business? Is it 20 hours a week? 40? 60? This bonus module is going to take you from employee in your own business to CEO. What if we told you that it is completely possible to spend 15 to 20 hours a week and run a highly profitable business?

It is all about the way you structure it. Setting up your business from the very beginning will allow you Maximize your time to get to your end goals quicker. All successful businesses operate as well oiled machines with clearly defined roles and departments. It is time to stop changing out toilets and start allowing your business to serve you.

Go to www.AppletonREIA.com and click the event to see Jason and Rachel's bio and register now for a seat at the amazing workshop event on Saturday!  If you've never attended before, you can print a FREE guest pass and join us!  If you've been to a meeting before, pre-register right away for a discounted price of $15 or it's $20 at the door...free for members of course.

Registration, networking, and FREE pizza begins at 6pm
and the meeting begins at 6:30pm. 

There's also a Saturday workshop they will promote at the end of the night.  You can get earlybird registration for that on the site if you'd like to pre-register to attend a longer training this Saturday as well.

Hi @Ned Carey!  It's been soooo long since I've seen you!  Hope all is well in Baltimore.  I plan to come back out there sometime in the next year.  I'll be sure to connect!

@Nghi Le our local HML's are actually about the same. They are 0-3 pts and 12-15% depending on location and experience (and which lender you use), but there are no credit checks at all...just based on the property. Locals do not need appraisals either. With rental properties, the terms are much better, but do require appraisals. I'm a local HML myself now, but I encourage everyone to develop their own private money in their circles of influence and spend a little time each year putting on a class on how to do it. Setting up your own private lenders is far superior! Either way though, if the deal works, pay the money and move along. I once paid 4 points and 18% to close a deal. The lender came to my rescue the night before closing and offered me these scathing rates....I took it! If I had not been willing to pay him, I would've lost the deal, lost my earnest money, and lost my good name for not closing. In the end, he made a sweet return (he deserved it for saving me), and I made $36k NET on the rehab. I would pay any rate as long as the numbers still work. It always baffles me when investors get hung up on the cost of money when the deal works either way. If it's a long term hold, it makes a bigger difference, but a 3-6 month rehab is no big deal. Cheers to your next deal!!

Hey @Matthew Morris! It partially depends on what investing strategy you're looking to do. If you're looking to wholesale and/or rehab, some local "hard" money (I say local because it's cheaper than national) or especially private money are your very best avenues. If you're looking to hold rentals, you can still use these sources, season the property and refi with a lender that will base it on appraisal and cash flow! You can also JV with investors who have the money when you have the time and the deal. Why not see about buying "subject to" or on land contract, etc. There's SO MANY ways you can buy properties without banks and still net a killer profit and/or killer cash flow. One of my favorite things to do in this business is deal structuring...finding creative ways to fill the seller's needs and/or terms while still winning in your business as well. If we only stick to fitting in the box of offer, use bank, repeat...we lose lots of deals out there that could've been creatively structured to offer more to our sellers and still stick money in our own pockets. The "grind" is the daily discipline of putting your own marketing out there to get your phone to ring from motivated sellers who have a home or rental property they want to sell and have not yet placed it on the open market with a Realtor for one reason or the other. This is where the creative deals can be done and the biggest profits are found. It's also the most rewarding work we get to do!! Ohio is filled with amazing people and great REIA's. If you haven't gone to any of your local events, go and check them out. I bet you'll be able to connect with someone willing to do a JV (joint venture) with you or at least offer "softer" hard money to get you going!

Come join us at the local Chapter of the National Real Estate Investors Association. If you've never attended before, you can print a guest pass online and join us for free! Go to www.AppletonREIA.com and click on tonight's event. Scroll to the bottom and click for a free guest pass. Doors open, networking begins, and free pizza is served beginning at 6pm. The meeting begins at 6:30pm. Tonight our focus is on building wealth with rentals. Tom Lundstedt has been involved in commercial real estate investing for over 40 years and has spoken to more than 2500 groups across the country, and is honored to join us at the Appleton REIA to share his experience, teachings, and wealth building. We hope you can join us tonight or in the future! We meet the 3rd Tuesday of each month.

Dan, in my opinion, that is NOT true!  I am a full time real estate investor.  I started flipping houses in 2007 with over $1million in debt, a $60k tax lien on my credit from the IRS, and no job...oh yeah, and a past bankruptcy (yep, a loser in the bank's eyes).  Today, I'm a strong 6 figure earner and I take most of the summers off.  That being said, of course I never even bothered stepping foot in a bank or mortgage office with my deals...LOL.  Where there's a will and a work ethic, there's a fortune to be made and nothing can stop it.  This is not a "get rich quick" type of business...no real business is...BUT, with proper guidance and good old fashioned grind, it can be an amazing way to build a life.  I live in Freedom, and that is nothing more than a long walk to Green Bay, so YES you can do it in our market!