All Forum Posts by: Scott Schultz

@Michael Andrews the focus on 4 units buildings real limits your ability to get a great deal. I have been averaging 1 deal every 4-6 weeks for the past 2 years now, and i have not seen a 4 family that meets my criteria, they have so much competition driving values really high. you want to play where the masses play, probably the most competative of all investment real estate. I focus on Single family, and yesterday landed a Duplex, I buy distressed, and deals that very few others can buy, I buy at Sheriff Sales primarily, and Online auctions, My last MLS Deal was spring of 2015, a HUD property. also I dont know how large your search area is, I really like Rice Lake, thats not too far from you, i see deals there, and wanted to buy there, but I moved so I havent yet. I buy for cashflow and appreciation, if i cant see a 40% upside after repairs, and $300/mo positive financed at 6% for 15 year amm i dont do it (i use those numbers to determine if its good or not)

If you are determined to buy only 4 units, I would drive every one you would consider, and contact the owner over and over until they sell to you. 

@Michael Andrews if you want to stay close to Home, there are way better deals than that around you just need to look in all the right places. Not sure how you are set up for funding, but if you can move fast when others can’t, and be able to buy deals others can’t, you can steal a deal. Access to cash is key.

we have stored Allure with the grip strip in unheated storage over winter with out a problem, as long as the grip strips dont get wet, they should be ok.  

Check with Titan Property management In Oshkosh

Has anyone found an Asset Protection Attorney or Estate Planning Attorney in South East or South Central Wisconsin that is competent related to real estate investors.  I have spoke to several, and most are great for old people that have worked all their lives and have few assets, but not many seem to get real estate investors.  

Hey Mike, I Invest in Sheboygan, as well as Northern WI Just curious who you are using for PM?   Best of luck and thank you for your service.

Its been a long time since i was involved in a 203K transaction, but if I recall they need to be a HUD approve Contractor, and you pay through the nose for them. work closely with your lender to be within the guidelines for the loan product.

No, but i think Blockchain tech will change how transactions are done, from the title and recording side, I think it will be a few years yet, but Title companies will see huge changes in that side of it. 

The GIS and LRS has owner names in Marathon Co