All Forum Posts by: Shane J. Renard
Shane J. Renard has started 11 posts and replied 50 times.
Post: Change In Property Tax After Purchase
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
@Gabe Goudreau - I always call the local tax assessors office and have a conversation on the purposed tax assessments. They will assist you with a formula.
Post: How do I find foreclosures deals?
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
Go to your local courthouse and look for the foreclosure listings coming.
Post: making 1031 exchange tax free?
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
@Garry Hoffmann - Check with a good CPA in your area, and have them advise on the proper steps. Also partner with a good real estate attorney. I have done this, and it goes smooth.
Post: Systemizing Short Term Rentals
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
Hey bud! Might have to custom build that. I have not seen or read anything out there geared specifically toward that.
Post: Market for Vacation Home/Short Term Rental
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
First and foremost. Do your homework on a good management company in the local area where you decide to buy. Make sure they handle STR's. Interview their clients. Most management companies do not have a good system in place.
Post: How to find cash flow positive properties?
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
There are deals out there, and it's a numbers game for sure. I only deal with investment properties, and never put out deals that do not return 15%+ ROI. Maybe try other suburbs. What are your marketing efforts thus far?
Post: Would you think scam??
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
Does seem suspicious. Tread lightly. What does your gut tell you?
Post: As a 16 year old, what should I focus on?
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
If I was starting all over again, I would shadow someone in the local area. Work for free to learn and be mentored by them. Help anyway I can. Ask to trade my time for theirs.
Post: 3102 S. Sandstone Crt. Green Bay WI - Duplex Lot
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
Investment Info:
Small multi-family (2-4 units) commercial investment investment.
Purchase price: $75,000
Cash invested: $75,000
Sale price: $75,000
A large multi family lot, that I am building a large high end Duplex on. Then I will condo this duplex and sell, and move onto the next property.
What made you interested in investing in this type of deal?
To build a high end duplex, then condo this duplex and sell each half to an end user.
How did you find this deal and how did you negotiate it?
Builder partner. I was going to buy the entire subdivision but he passed away unexpectedly. Now, I have this one lot and will build it out and sell the two halves.
How did you finance this deal?
Cash
How did you add value to the deal?
Building on the land.
What was the outcome?
In the process
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Myself. I am a developer.
Post: 614 N Baird Duplex Green Bay WI
- Real Estate Broker
- Green Bay WI
- Posts 65
- Votes 26
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $50,000
Cash invested: $50,000
Sale price: $50,000
This is one of my investment I personal own
What made you interested in investing in this type of deal?
Cashflow
How did you find this deal and how did you negotiate it?
Attorney in town. Bought this property from him.
How did you finance this deal?
Cash
How did you add value to the deal?
Updating the property and increased the rents
What was the outcome?
1300 monthly cashflow
Lessons learned? Challenges?
Value added for arbitrate value.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Myself. I am a real estate broker owner of a firm.