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All Forum Posts by: Michael Henry

Michael Henry has started 27 posts and replied 796 times.

Post: Creative Finance with no money

Michael HenryPosted
  • Real Estate Consultant
  • Brookfield, WI
  • Posts 873
  • Votes 350
Originally posted by @Sabrina Hill:

@Michael Henry

Thank you for your input. However, as mentioned in the question, I was looking for more creative ways to finance. I know that it is out there and so I'm seeking tips or ideas about that. The typical "save money build credit" is not so creative but more so traditional. I wont need a down payment with the VA loan. I asking for creative ways of finance....I want to know for my own information as well as general knowledge. I'm pretty sure I know where I want to live being that I live here in the area. Any ideas on creative finance would be helpful....

Thanks..

 I see that you are very passionate about your goal. Some of this real estate information is dangerous because when used incorrectly it can be a very expensive mistake. So many time on this site when people ask a question you can get a response you don't like because we are genuinely looking out for your best interest. In addition, I think there is simplicity in "save money build credit" and is something to be long-cherished and shouldn't be overlooked too easily. There are sacrifice and discipline in saving money and building credit and through those sacrifices, you become a more disciplined real estate investor. 

Sean Phillips gave a great response and I would just second what he wrote. 

I truly wish you the best of luck

Post: Creative Finance with no money

Michael HenryPosted
  • Real Estate Consultant
  • Brookfield, WI
  • Posts 873
  • Votes 350

@Sabrina Hill Repair your credit and then use your VA home loan. Work on looking at houses and seeing where you want to live. Once you know where you want to live and how much the property cost then you will know how much you need to save up for a down payment. The next step is to make the necessary sacrifices to reach your goal.

Good luck 

Post: 150k Cash in hand- Where to invest

Michael HenryPosted
  • Real Estate Consultant
  • Brookfield, WI
  • Posts 873
  • Votes 350

@Eddie Shah real estate bubble only matters when you over pay. Let the number dictate if you have a good deal or not.  I will wholesale deals if you want to purchase in Milwaukee, WI. 

Post: Can you make money if listed on MLS

Michael HenryPosted
  • Real Estate Consultant
  • Brookfield, WI
  • Posts 873
  • Votes 350

I think you can find some good deals on MLS; you just need to know how to search for them.

Post: BP, help me pick a city for Buy and Hold!

Michael HenryPosted
  • Real Estate Consultant
  • Brookfield, WI
  • Posts 873
  • Votes 350

Bias but bullish on Milwaukee, WI a lot of great things going on in the city. 

Post: Never eat lunch or have a coffee alone!

Michael HenryPosted
  • Real Estate Consultant
  • Brookfield, WI
  • Posts 873
  • Votes 350

@Marcus Auerbach thank you for meeting with me and giving me some insight and different perspective on my real estate business. Thank you for sharing some ways great sales tips.  

Post: is this just a shiny object?

Michael HenryPosted
  • Real Estate Consultant
  • Brookfield, WI
  • Posts 873
  • Votes 350

@Aneury Evangelista what is the cap rate? Check with a local commercial agent and see what silmlar properties are selling for? 

Post: is this just a shiny object?

Michael HenryPosted
  • Real Estate Consultant
  • Brookfield, WI
  • Posts 873
  • Votes 350

@Aneury Evangelista you need to look at the lease terms for tenants in all commercial deals. Any month to month leases are worth nothing. You want to look for at minimum 3-5 year leases. The Seller should be willing to hand over the leases before an offer is in place. 

Post: Buying first property for sale by owner. Need help

Michael HenryPosted
  • Real Estate Consultant
  • Brookfield, WI
  • Posts 873
  • Votes 350

@Chris E. I  use rocketlawyer.com for a lot of my business document needs. Let me know if you need help with the purchase of this property. 

Post: Lead Testing in New England Rental Property

Michael HenryPosted
  • Real Estate Consultant
  • Brookfield, WI
  • Posts 873
  • Votes 350

@Jason Bott I know this is an old post but wondering if you are able to help him?