All Forum Posts by: Alex Johnson

@Jack Yen Great info thank you. It sounds like rent to own is the best fit. If a tenant is not suitable for a rent to own scenario, would you agree the best solution is to hold a potentially short vacancy and find the correct rent to own prospect? I have also contemplated the fact of 100% deeding the ownership of the home over to the tenant with the agreement in place of new lot rent price, and 5% escalator per year in rent...possible 10 year term on the 5% and after 10 years the escalator would be brought to 3% annually. I am interested in your thoughts on that. 

Looking for recommendations for property managers in the Eagle River, WI area??

I recently got a mobile home park under contract that includes 20/39 homes to be park owned. Does anyone have any experience or insight on the best ways to sell the homes off to the current tenant and successfully increase lot rent?

I am considering an investment outside of my current market that will be used as an Airbnb. Looking for input from others on their experience hiring a property manager for an Airbnb.

Investment Info:

Townhouse buy & hold investment.

Purchase price: $155,000
Cash invested: $1

I currently house hack my townhouse on 15 year fixed. Rents bring in $1,100/month, and all in expenses are $1,515/month including HOA. I live in the basement for cheap while on a 15 year fixed loan!

Originally posted by @Tom Shallcross:

@John Ludwig - I'm a Chicago investor that has established a HL Line of Credit that works for both my IL and WI purchases (admittedly I've only done 1 in MKE).

It's typically an 18 month term with no prepayment penalty and interest only payments.  I use them for the purchase/rehab and usually refi 6 months after purchase to avoid seasoning and pay them off.

Feel free to PM me and I'll gladly give you more details and make an introduction if desired. 

Tom - Great information and value to your post. I am also going to be looking for a HML nearing the end of 2020 and would be interested in discussing options with your experience.

I think that the opportunity out there could be the older generation at or past retirement age that owns investment real estate. Some of these people may be pressed for liquidated cash and forced (or scared) into selling. Possible benefits for the younger generation investors to capitalize on the pandemic unfolding.