All Forum Posts by: Michael Henry

Better than West Allis and more overpriced too! In full disclosure, I'm bullish maybe bias as well on West Allis, West Milwaukee, and Cudahy. 

@Ulises Becerra - Let us connect. Please inbox me a good time to meet. @Ham Merritt has been very successful and refinancing my clients.   

@David Van Brunt - sorry to hear that about your mother. I hope the treatment goes well for her. Let us connect the next time you are in Milwaukee, WI. 

@Samuel Bavido - welcome to BP. I graduated from UW- Stevens Point. Quiet Town when the students are not around. 

@Account Closed  - who told you can get that amount for rent? Did you get three estimates on the work that needs to be done? That cost needs to be factored in. Besides that that numbers look ok. Reach out to someone locally to walk through the property with you. 

good luck, 

Thank you for sharing. 

@Daniel Steinhart - feel free to inbox me. I will see if I'm the right person to help. 

@William S. - Brown Deer is a good rental market. You shouldn't have any trouble finding a good tenant more finding a deal that makes sense. Run the number like you would any deal and follow the numbers. Let me know if I can be of any service. 

@Lorraine B. Thank you so much, the pleasure was all mine.  @Joshua Martin - It is getting a 10% cap rate and a 16% cash on cash return. This is based on charging below market rent to her brother.  The property has great upside, with or without forced appreciation, she will be able to see a profit when she decides to sell. 

The deal works because the upper tenant is paying most of the mortgage and escrow except $52.00, and the icing on the cake is, provide affordable housing to her brother.   

House Hacking on Steroids!

@Christopher Giannino - it took 3.5 months but we were ready at the 2.5-month mark mainly waiting on the bank at that point.