All Forum Posts by: Aaron Macken

@Brock Mogensen I agree. I feel like unless I get the property at the right price, there’s no reason to go any higher. Although that means some properties I’d be asking like $100k less than what they are listed for. But I guess it can’t hurt to make the offer anyways, right? 

Hey Investors,

I'm looking to make some offers on homes in the Kenosha area pretty soon. One thing I was wondering is how do you all determine the true value of a home when home prices have appreciated drastically this past year? For example, I see some homes that originally sold for $40k, now asking $140k...

Ultimately, I know what to look for when it comes to making sure the property cash flows. I'm just not sure how to determine the true price of a home when the numbers have shifted so much.

What are your thoughts on this?

P.S. if you're in the WI / IL area, feel free to reach out to me and chat, always looking to build my network :)

Hey all,

as the title explains I'm looking for contractors & property managers in the Kenosha & Racine area. Any recommendations would be very much appreciated :)

thanks,

-Aaron

Hey investors, was hoping to get some input from people that invest in big cities. 

It definitely seems like there's lots of inventory to choose from there, but also TONS of competition in terms of other rentals. What has everyones experience been in areas like this?

@Brock Mogensen I had the same idea about Kenosha. However, when I looked on zillow I didn't find too many small multi family that weren't in a bad area. I'm mainly looking for duplexes so I can save money on living expenses right now so I'm mostly familiar with that market and not the single family inventory.

Hey fellow investors,

Just looking to reach out and pick the brains of anyone that has been investing in the Racine area. I've heard that Racine is rough overall, but I've been looking around on google maps and from what I've seen so far, it doesn't look that bad. (Not as bad as Kenosha at least). I know the area isn't that great in terms of employment, which means I probably won't be seeing much appreciation. But my goal is to just save money on living expenses by house hacking a small multi family home.

What are your thoughts on the area overall?

@Greg Scott I just don't want to waste my hard earned money on something that looks bad haha. Good idea though, I could take a look at the properties that are renting for the most and use their design as a benchmark.

Hey everyone,

I'm looking to get my first rental property under my belt this upcoming year. I've been doing a lot of research about the whole process, but something nobody talks about is the design choices you go with for the interior and exterior of the home.

I'm no interior designer, nor have I ever been in any way artistically skilled, so I'm wondering how other people like me tackle this problem. 

How do you figure out how you want your rental property to look. Do you hire a designer? Do you see inspiration from pinterest? 

Let me know :)

@Josh L. Great point. I'll probably start diving into the specifics of my area. What is the average price per square foot & why. What are the renters willing to pay a premium for. ect.

@Nicholas Ludwiczak That's not a bad idea as I'm already spending my time analyzing stuff anyways. I'm probably looking at Kenosha, West Allis, Rock County or Waukesha. These areas have potential from what I've been seeing.