All Forum Posts by: Michael Henry

@Scott Harper - There are all new tenants - To be fair I rented the building to one single tenant who does assisted living. It is an NNN lease.

@Emily Dimond

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@Daniel Hyman - Thank you for taking the time to meet with me. I look forward to building a network together. 

I would like to thank @Kyle Corkery for partnering up with me. 

4- 2 bedroom apartment building 

Purchase price: $103k ($100K private money)  Renovations and holding costs $47k. ALL in $150K 

Appraised $190K. The appraiser came out when the property was under renovation.  Cash out $147k. 

Fully rented at $2900/ mo. 

All new plumbing

upgraded electrical 

all new bathrooms 

lightly updated kitchens 

new roof,

1 new water heaters 

Used furnaces  

cold MLS has all the old photos. (photos side ways I know)

Old MLS Datasheet (MLS # 1491284)

@William Meisel - what do you need done? Are you looking for an investor. Where is the property located? Please inbox details. Thank you. 

Let the good time roll! It will be very interesting to see how the downturn comes and/or happens.  

Milwaukee, WI 

@Francis Rusnak - I think you are better off doing a lease with option. Do the 15% down as an option payment and charge her rent. Make sure you check her credit report and score to make she the timeframe is truthful. If it is them the option is the better route. 

I would stay away from the long-term financing unless the exit strategy is refinanced out in 12 months or sale the note on the open market at a discount. 

@Marcus Auerbach - connect @Ham Merritt and see if he can be of service.  

@Rebecca Knox - Can connect you to Nick Knox.