All Forum Posts by: Aaron Barrett

Irresponsible for owning four dogs and not owning their own home? I think you should come back down to earth buddy. People rent for many reasons, and I’m sure having 4 dogs lowers their ability to find apartments. It doesn’t make them irresponsible in the slightest bit. I have 3 dogs and own my own home, it doesn’t mean I’m all knowing and people are just fools if they don’t do what I think they should be doing.

Millennial or not just get more money. More hours, switch career, whatever. Obviously in a perfect world it could be real estate related, however manufacturing is a good way to make a good wage and most have overtime opportunities. It never hurts to have more money haha Good luck!

Thomas S you hit that right on the head. I am a Plant Operations Manager for a nursing home/assisted living company who also owns an apartment complex. The CEO wants me to take over these properties after the current manager retires so I’m just starting my research. Thank you for your replies! I’m glad it’s not anything illegal!

Thank you for your quick reply. I just figured there would be an issue if a tenant signed on and then found out their neighboring unit pays less. Learn something new everyday!

In Wisconsin is it legal to charge different tenants in identical apartments different amounts for rent? Also can you charge different amounts for upper or lower apartments? I work for a company that owns apartments and it just seems odd to me that people in the same 12 unit apartment complex can all be paying different rent amounts for identical apartments.

Thanks for all the replies everyone and for all your opinions! I had trouble getting back into my app the last few days.

There is a commercial property for sale in my area that the owner stated he would be willing to do a second mortgage on. He is asking $255k. If he is willing to do the full 20% so I don’t have to put any money down will banks usually sign off on this? I can put money in the deal but I’d rather not if I have that option.

I worked 60 hours a week at Waupaca Foundry while going to college full time. Made 60k a year while getting my degree in criminal justice, worked in that field for a little over a year and now I am a Plant Operations Manager which my degree doesn’t apply to at all so there is that haha

Thank you for all the replies. I completely understand the benefits of using leverage. The part I did not mention is we both work in healthcare and we are strongly considering buying a existing healthcare related business in the next few years to accelerate our real estate growth. My worst fear is overextending ourselves with the company and the real estate. Either way we plan on buying the business first. I also receive a 8% match except at .50 on the dollar. All things considered we might be in a better position to just invest in a reit as someone had suggested

To start off I just turned 26 years old and make just over 50k annually. I have approximately 3k in my 401k and am considering cashing it out to invest with additional funds in all cash purchases of sfh/duplexes. My wife is an executive that makes 100k with a full dollar for dollar 8% match to her 401k contribution. We want to retire at 55 so I plan on purchasing the real estate with minimal risk (all cash) to create cash flow to supplement our early retirement using alternative investments. This is to get us to retirement age where we can live off our cash flow combined with her hopefully (ha ha) large 401k. So would you cash out the 401k or keep it going/just leave it be and stop contributing? Also all cash flow until age 55 would be put into buying additional properties