All Forum Posts by: Scott Schultz

If you are on BP, I'm assuming you are an investor or trying to become one, it is important to learn how to value property without a realtor. If you have not learned this by following listings cradle to grave you are premature in taking action

@Jordan Napoli if you have good credit, low DTI and verifiable income, you should be able to get 4-sub 4% on a 15 year, I get 4.74% (closed 3 last week) on commercial money so primary you should do better, even FNMA should be in the low 4's

there are some limiting factors, like neighborhood, as well as comps, but as long as you buy below market, and can force additional value,  thats the name of the game, for example can you make a den into a legal bedroom, can you buy a place with a bad roof got $10K less and have it replaced for $5K ect. 

@Nick Bleser your comments are speaking like you are buying turn key good condition homes for market value, I would never do that

what I'm getting at is if @Nick Bleser does not know what forced appreciation is, he needs to educate himself, learn the terms and concepts to make an educated decision

Nick Bleser I'm gona pull a Robert Kiyosaki to answer, you need to invest in your education to answer your question. Good luck out there

so far it just says Southeast WI so im guessing Greater Milwaukee, or possibly Racine or Kenosha,  considering the ULine facility is down there, and the new Amazon DC but thats speculation

@Nick Bleser  this all depends on your tolerance having debt, the smart money would be put $20K down on 5 $100K homes, but that would make some people uncomfortable, if you are skilled and can force value, you can do much more with it and tap equity. If you plan to invest around Shawano, you may be able to be all in on many more homes, as values are still depressed in much of that area, but rental demand and returns are high, I have a Property in Burnamwood, that preforms quite well,  the Key is great management, I Use ABC Rental Management out of Wausau, I know thy have a rental agent in Shawano, Good Luck!

I am a Wisconsin Broker, and if you preform the duties of marketing,  or facilitating the transaction in any way for another and for a fee or something of value a license is required. 

I understand this process works, but requires a great deal of discipline from you, Nicolet is an ultra conservative bank I bank with them, no surprise there, UWCU doesnt have adequate experience, and Wells, the big banks tend to not want to play in non traditional stuff. Consider talking to Huntington (formerly First Merit) they have a HELOC if you play their game at 2.99% (I have one with them) also Johnson Bank, or Associated. they may be a bit more receptive. just some thoughts, good strategy, and having the potential to buy income property with cash/equity, and then refiing gives you more options, Good Luck