All Forum Posts by: Mark Shaffar
Mark Shaffar has started 27 posts and replied 316 times.
Post: the worm has turned
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
While you may be right that 20% cash returns may not be easy to find for most investors nowadays, 10-15% still seems pretty good to me. Am I missing something?
Post: the worm has turned
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
Originally posted by @Dawn Anastasi:
It's definitely not easy to find cheap properties just laying around like pennies on the ground anymore. Plus there's been so many California investors buying up stuff in Milwaukee that it's harder and harder to find killer deals anymore.
Does anyone other than me think Dawn's success may have had something to do with that?
Post: First rental- new or old?
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
could you provide more details on the numbers for these houses like price and market rent? Have you thought about getting involved in the Madison Real Estate Investors Association?
Post: When to break away from Turnkey properties...
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
It's definitely possible to save money by doing it yourself. Either way you will need to do due diligence on the front end. You're not the first contractor I've heard of who would rather pay someone else to rehab your home. Like @Alexander A. said, you need to make sure the comps and rents back up what you're being told. Ideally tour the neighborhoods yourself too before committing.
Post: Investor from CA, Stress test my plan!!!
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
Way to go man, you have great diversification and balance. You seem like the poster child for the people who are least in need of going to the dentist are the one who go and the ones who don't need to do. Congratulations, you don't need a stress test.
Post: Greetings from a Newbie Investor in Philly
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
Welcome to BP!
Post: Self Directed IRA
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
I just bought my first through my self directed IRA a couple weeks ago. It's a cool resource
Post: Newbie From Bend, OR
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
Originally posted by @Christopher Mongeon:
Who's telling you that you can get a move-in-ready property in San Antonio for $70k that rents for $900/month?
I thought that seemed a bit low too.
Giovanna welcome to BP!
Post: My 1st month experience with out of state turnkey property... WTF
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
Originally posted by @Steve Vaughan:
As we bump along our landlording journeys, we acquire great material for a dramatic novel or a comedy routine. I'm almost ready to go on tour! Can't make some of this stuff up. 2 weeks in? Whoa. Sounds like you have good folks and good insurance. You will get through this.
Thank you for sharing and we look forward to your upcoming tour dates in a decade or two as well @Mark Shaffar !
Classic! All right since we are on the subject @Jay Y.
I once got a call because there were squirrels in the attic and one had chewed through the ceiling and fell on a tenant while she was working in the kitchen:)
Post: finding deals in rising market
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
@Dustan Marshall I agree that it can be harder, but Ohio should be a lot easier to cash flow than most. You might need to look a bit harder and put out a few more offers.