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All Forum Posts by: Scott Sklare

Scott Sklare has started 25 posts and replied 179 times.

Post: Cash On Cash Return...Or, should I use another metric?

Scott SklarePosted
  • Real Estate Broker
  • Beloit, WI
  • Posts 232
  • Votes 60

Your cash on cash is infinite. That is what makes BRRRR so amazing.

Post: Need advice on the best 1st investment to maximize cashflow

Scott SklarePosted
  • Real Estate Broker
  • Beloit, WI
  • Posts 232
  • Votes 60
Quote from @Ron Thomas:

Hello all!

I'm just starting out and wanted some advice on the best first investment given my goals.

I learned the fundamentals (from analyzing deals to financing strategies etc) in a BRRR program but then realized that a traditional BRRR wasn't ideal for me since I really need to replace my paycheck and quit my day job ASAP. I've been considering options like STR vs multifamily etc. and would really like some perspective from others with more experience. I'm based in CA but definitely open to investing in other states.

Thanks a ton!

Hello Ron, congrats on getting started.

I have some definite recommendations for you.  Check your inbox.  South central Wisconsin is fantastic for cash flow.  15% cash on cash.

Post: Looking to invest in multi-family.

Scott SklarePosted
  • Real Estate Broker
  • Beloit, WI
  • Posts 232
  • Votes 60
Quote from @Marcos De la Cruz:

Hello investors. I just joined BP. Looking to add to my modest portfolio with some cash-flowing (out-of-state) multi-family rentals. 


 Hello Marcos, I highly recommend south-central Wisconsin.  Check your inbox. Thanks.

Post: Advice for Midwest Market

Scott SklarePosted
  • Real Estate Broker
  • Beloit, WI
  • Posts 232
  • Votes 60
Quote from @Account Closed:

Hi!

I am a newbie and am currently learning as much as I can before jumping into my first deal. I plan on buying small multi family properites in the Midwest but am having a difficult time choosing my market. I want to focus on cash flow as a goal for my properties and that is why I am interested in the Midwest.  I have read that there is great potential for cash flow in the area. I'm interested in choosing Cleveland and having been researching the market but am wondering what other cities people recommend as great options in the Midwest? Any other tips or advice is greatly appreciated!! 


Hi Ashley, I recommend south-central Wisconsin. Great ROI.

Post: New to RE investing - Interested in remote

Scott SklarePosted
  • Real Estate Broker
  • Beloit, WI
  • Posts 232
  • Votes 60
Quote from @Monte Riding:

Hello!

I'm new to this, been listening to lots of BP and RE Rookie podcasts, which are great! Like many of you I'm here to learn and network.

Primarily interested in out of state investing - perhaps in OH or other markets much less expensive than UT. Considering a duplex as my first property. If you know of great markets to invest in, I'd love to hear about them - I'm all ears.

Reach out and say hi, I'd love to connect and am happy to share what I know about the Wasatch Front (Salt Lake) area!


 Hello Monte, congratulations.

Great out of state investment opportunities in south central Wisconsin.  15%-20% cash on cash.  I would be happy to visit with you. Check your inbox.

Post: South Florida Local - New to Bigger Pockets

Scott SklarePosted
  • Real Estate Broker
  • Beloit, WI
  • Posts 232
  • Votes 60
Quote from @Timothy Thornton:

Hello BP Community,

My name is Timothy Thornton and I am thrilled to join the Bigger Pockets community! I am a South Florida native who currently resides in Lake Worth Beach. My real estate journey started almost six years ago when I decided to get my RE license but I knew right away that I wanted to be an investor. I am a Florida Licensed, voluntarily inactive, real estate agent. I help manage my family's businesses (pool contracting and estate management/home watch). I have found some success as a silent investor in some out of state properties but am now looking to build a portfolio of my own. My wife and I purchased our first home (primary residence) in April 2021 and have rented out a room to a friend. We now have a baby girl on the way so house hacking no longer suits us. I look forward to making some connections with you all!

Timothy Thornton


 Congrats Timothy,  I would be delighted to visit with you regarding out of state (great) investments.

Post: Hi, I’m new here, let’s do this!!

Scott SklarePosted
  • Real Estate Broker
  • Beloit, WI
  • Posts 232
  • Votes 60
Quote from @Beth Blankenbicker:

Looking to make my first deal and scale up quickly so I can quit my job as a nurse!!


 Hi Beth, congratulations!  Are you looking to invest out of state?

Post: Looking for an agent that is also an investor

Scott SklarePosted
  • Real Estate Broker
  • Beloit, WI
  • Posts 232
  • Votes 60
Quote from @Antonio Reybol, Jr.:

Hello - I am looking to work with an agent that has a few investment properties of their own as I look to purchase my first investment property. 

I am focusing on a cash-flow approach, primarily looking at SFR and already pre-approved. Initially, I was looking in Northwest Arkansas, but open to learning more about markets in the mid-west.

Please reach out if you are an agent in an area that would be ideal for a cash-flow investment. 

Antonio


 Hello Antonio, I am a licensed broker in south central Wisconsin.  40 years experience as a broker, investor, property management and rehab company.  I would be happy to visit with you.

Post: Benefits of Becoming a Broker as an Investor?

Scott SklarePosted
  • Real Estate Broker
  • Beloit, WI
  • Posts 232
  • Votes 60
Quote from @Gabriel Tarran:

Hi All,

I am curious if any of you have thoughts on the benefits/drawbacks of becoming a licensed broker as an investor. Is there anything to lose from doing this? Seems like a good way to learn about the industry and potentially save some $ on future sales.


 I think it is a great idea.  40 years as a licensed broker, investor, property management and rehab company.  It all depends on your business model.

Post: out of state investor - Building my team

Scott SklarePosted
  • Real Estate Broker
  • Beloit, WI
  • Posts 232
  • Votes 60
Quote from @Asher Pearl:

Hey everyone,

I am out of state investor.

I would love to connect with good people (-:.

Looking to build a great team in the city.

Would love to contact realtors, wholesalers, contractors, and investors who want to talk.

Thanks!

Asher


 Hello Asher, I would love to connect with you also.  Check your inbox.