All Forum Posts by: Louis P Lessor
Louis P Lessor has started 2 posts and replied 54 times.
Post: Tenant refusing to sign 1-year lease
- Janesville WI
- Posts 55
- Votes 36
I would put them on a month to month and increase the rent. These interesting times, all it takes is for them to lose their job, unplanned bills, etc., and they could fall behind on rent. I am a big fan of the month to month right now.
Post: Multi-family or Bigger
- Janesville WI
- Posts 55
- Votes 36
Starting small and learning is always the best; growing your network and seeing what is working and not working before you make your next move sets you up for tremendous success long term.
Post: QOTW: Are you seeing any new trends in your local market?
- Janesville WI
- Posts 55
- Votes 36
Quote from @William Norast:
Alicia,
Experts who study the DFW Metroplex, and beyond, are telling me that there has been an uptick in contract cancellations. Some of my investors/buyers have expressed a bit of trepidation in purchasing a contract I may assign, while others are still bullish, although not as bullish as a few months ago.
I believe that experienced flippers and investors are continuing to ride the wave, albeit with a bit more caution.
There were about 75,000 permits pulled for new construction, in Dallas, last year, and those properties should come to the public in the next few months.
That kind of inventory and Fed activity, attempting to curb inflationary pressures, is sure to have a palpable effect on the market.
There is no better time to be an investor. Historic opportunities are coming in the next few months!
Happy hunting,
Will
Historic opportunities are coming in the next few months!
Can not wait for the coming months.
Post: QOTW: Are you seeing any new trends in your local market?
- Janesville WI
- Posts 55
- Votes 36
Quote from @Lucien Perreault:
I look for Multi-Family deals and it seems like all of those are still flying off the market. Every time I check the MLS, the vast majority of properties listed are either contingent or pending. Best place to find a deal is and probably always will be off market. There seems to be plenty of turn over right now from one generation to another as well. Plenty of opportunity but you have to be willing to move fast, you won't necessarily over pay but the faster offer wins out.
I look mostly in Lake County, IL with some Cook County, IL and South East Wisconsin.
Could not agree with you more on the multi-family flying off in the southeast Wisconsin market.
Post: Sold my house, looking to become a landlord.
- Janesville WI
- Posts 55
- Votes 36
Not too familiar with your area but have you considered doing storage units? These are very easy to rent and don't have the headache of having tenants and are there is a growing need for them.
Post: Zillow Drops After Dire Housing Outlook - there goes the market
- Janesville WI
- Posts 55
- Votes 36
Quote from @Eric Bilderback:
I know families with two solid jobs that cannot afford a home because prices are so high.
I am seeing a lot of people purchasing houses where if one of the income is lost that they would not be able to afford the mortgage and with the rising cost of everyday items that is also a worrying sign of what is to come.
I do agree with a lot of the thoughts on this market just going into a correction.
Post: Janesville, WI Area investing
- Janesville WI
- Posts 55
- Votes 36
@james
Would love to connect and see how your investment journey is going. I am also in the Janesville wi market.
Post: New to real estate investing. Out of Oshkosh WI
- Janesville WI
- Posts 55
- Votes 36
Welcome to real estate investing; feel free to reach out if you want to bounce around some ideas. I , a newer investor, have done two deals but always looking for the next one. Once you do your first deal you are hooked.
Post: Second investment property
- Janesville WI
- Posts 55
- Votes 36
I will let you know if I invest in that area, my best friend actually lives in that area and see a lot of great opportunity for investments.
Post: Second investment property
- Janesville WI
- Posts 55
- Votes 36
Thank you, Bradley. Are there any big moves coming for you?