All Forum Posts by: Shane J. Renard
Shane J. Renard has started 11 posts and replied 50 times.
Post: 🔥💵 On/Off Market Investments 🏡🔥
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
Check out our On/Off market assets. Enjoy!
👇👇👇
ON/OFF MARKET ASSETS
Post: Real Estate Minded CPA's in the Greater Green Bay Area
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
I am also looking for a new CPA who is Investor friendly.
Post: Acquisition of a property with month to month tenants in place already
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
A soft intro from the previous seller and then a letter from you. I would also do a walk through, video and pictures. Make sure you always get a estoppel letter prior to closing on your next property. Always make sure you have updated tenant info. Job, Car, email and cell.
Post: Investing in commercial and multifamily properties
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
@Michael Lockhart - Would love to chat with like-minded individuals as well. Anytime. I own and operate a local firm here in Green Bay. I am so passionate about RE Investing.
Post: Expand Or Payoff
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
@Paul Novak - In my opinion, I would leverage with the debt. You will always need those write-offs. Mortgage is covered by the tenants paying the rent anyway. Sure you can use a large down payment to evade that PMI, and this will boost the cashflow per door. I am a fan of leverage and the velocity of money. The properties will gain value with the appreciation quickly.
Post: Getting Started/General Advice
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
@Carter McGill - I would leverage that equity into a duplex and rent one side and then live in the other.
Post: How can I start ?
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
@Jennifer Lopez That is exactly why we are all here. Is to help each other and grow an amazing culture. Anytime you have some questions, I would be more than happy to assist.
Post: Tri-Plex with Waterfront Oconto WI
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $140,000
Cash invested: $10,000
Found this Tri-Plex on market with another agent. We offered cash and closed in 20 days.
Post: 1893 Victorian Home Oconto WI
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $90,000
Cash invested: $190,000
Found this gem on market and purchased with cash immediately. I knew this wasn't going to be a easy fix, but I wanted the project and to showcase this Victorian home for the community.
What made you interested in investing in this type of deal?
The beauty of this home and location
How did you find this deal and how did you negotiate it?
On Market
How did you finance this deal?
Cash
How did you add value to the deal?
Total Renovation
What was the outcome?
Appraisal of over $300,000
Lessons learned? Challenges?
Take Risk, you only live once
Post: Commercial Loan for Office Space Rental
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
@Paul Andrews, did you resolve this issue? I am here to help!