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All Forum Posts by: Jeanette Land

Jeanette Land has started 8 posts and replied 24 times.

Post: Next up: Turnkey property

Jeanette LandPosted
  • Posts 24
  • Votes 2

53218 @Rebecca Knox 

Post: Next move for investment

Jeanette LandPosted
  • Posts 24
  • Votes 2

Also, thank you for the compliment on my last name. That's the first time anyone has. 

Post: Next move for investment

Jeanette LandPosted
  • Posts 24
  • Votes 2

I have  heard through bigger pockets podcasts that NC has merit. I have read the book on long distance investing and still am not too confident to get started. I have considered turnkey properties as an option

Post: Next up: Turnkey property

Jeanette LandPosted
  • Posts 24
  • Votes 2

I am looking into turnkey investing. I currently have a duplex in Milwaukee and am living in a single family home that I plan to turn into a SFH rental. I would like to purchase another duplex in the near future and am looking for a possible turnkey. Any advice/ networking would be appreciated. I am open to areas outside of Wisconsin.

Quote from @Kollin Ruiz:
Quote from @Jeanette Land:

In the future, I'd like to turn my SF into a rental. I want to eventually find my forever home and create a bigger real estate profile. I don't have a lot of money and don't plan on living in another rental. What should my next step be? Rates are high. We have equity on our SF and we're thinking of using a HELOC. Not sure if that's the best route to go so looking for advice/connections.

Hi Jeanette,

Exciting times ahead as you grow your real estate portfolio! Like Thomas mentioned, leveraging your personal residence carries higher risk. Did you know that Fannie Mae recently lowered the required down payment to 5% for owner-occupied 2-4 unit homes? This could be a good option if you have limited funds available. Otherwise, using a HELOC might be the way to go. In today's market with high interest rates, it's most important to make sure that the numbers work when analyzing a deal. I have a cash flow analysis spreadsheet that I like to use when looking at deals for my investor clients to make sure the numbers work. I could share it with you as well. Message me if you're interested!

 Sure! I’d love to take a look at your spreadsheet

Post: Next move for investment

Jeanette LandPosted
  • Posts 24
  • Votes 2

Hello, I live in southeastern Wisconsin and currently have a long-term duplex in Wisconsin. I own a home which I’m currently living in and planning on making a long-term rental property as well once I move out. I’m potentially looking to purchase a mid-term or long-term rental property in a different state because I feel I may be able to find better deals elsewhere. I’m interested in looking for a real estate agent with experience in rental properties. I’ve read the Bigger Pockets book on long-distance real estate and am eager to get the ball rolling. 

In the future, I'd like to turn my SF into a rental. I want to eventually find my forever home and create a bigger real estate profile. I don't have a lot of money and don't plan on living in another rental. What should my next step be? Rates are high. We have equity on our SF and we're thinking of using a HELOC. Not sure if that's the best route to go so looking for advice/connections.

Post: College student renting

Jeanette LandPosted
  • Posts 24
  • Votes 2

Good morning Nick Gray. How does your process work choosing students in your property? Can you paint me a picture of what you do to create the best experience for yourself and then?