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All Forum Posts by: Ralph R.

Ralph R. has started 8 posts and replied 109 times.

Post: Pre Foreclosure questions

Ralph R.Posted
  • Real Estate Agent
  • Milwaukee, WI
  • Posts 114
  • Votes 30

It could be on there  or  you can find it on Zillow.   If its in Brown county they post all sheriffs sales on the county website.

Post: Pre Foreclosure questions

Ralph R.Posted
  • Real Estate Agent
  • Milwaukee, WI
  • Posts 114
  • Votes 30

You could reach out the law firm that is handling the foreclosure. They can provide what the opening bid will be at the auction which many times is lower then the mortgage.

Post: Start business before or after acquiring properties?

Ralph R.Posted
  • Real Estate Agent
  • Milwaukee, WI
  • Posts 114
  • Votes 30

It depends on how you are going to finance it- if you have cash then go with an LLC if you are getting a mortgage then no LLC until after you purchased it.

Post: Any advice re: county tax deed sales

Ralph R.Posted
  • Real Estate Agent
  • Milwaukee, WI
  • Posts 114
  • Votes 30

Did you look up the tax bill from last year?   It would state if there was a balace from previous years.

Post: Have you read the book 'Lifeonaire'?

Ralph R.Posted
  • Real Estate Agent
  • Milwaukee, WI
  • Posts 114
  • Votes 30
Originally posted by @Ruth Bayang:
After going through his 3-day'er, I am putting one of my cash-flowing rental properties up for sale, so accelerate getting out of debt. Not concerned with my net worth. I want less stress and more life.

I don't like debt but just wonder what your thoughts are  on debt=stress?

Post: "Lifeonaire" by Steve Cook

Ralph R.Posted
  • Real Estate Agent
  • Milwaukee, WI
  • Posts 114
  • Votes 30

Did you buy his book? What did  you think?

Post: Wholesale Attorneys

Ralph R.Posted
  • Real Estate Agent
  • Milwaukee, WI
  • Posts 114
  • Votes 30

Use the title company from the Milwaukee REIA.... I actually forgot the name but they are at every meeting.

Post: Cost per sq/ft for Denver Pop Top

Ralph R.Posted
  • Real Estate Agent
  • Milwaukee, WI
  • Posts 114
  • Votes 30

@Logan Star

Did you get any quotes for the pop top? just wonder what the costs are myself

Post: Move-out Inspection with hostile tenant Wisconsin

Ralph R.Posted
  • Real Estate Agent
  • Milwaukee, WI
  • Posts 114
  • Votes 30

I think it is this a strong arm tactic that tenants use on part-time landlords. I would make reasonable deductions and include pictures in the letter.  Make sure you send it out a few days before the 21st day just so you don't get busy and rush to do it last minute.  I have had tenants complain about deductions in email or text and I tell them to call me to discuss and most times I never here from them again.  I would include them in the walk thru and document the damage but you don't have to tell them what you are deducting at that time.

I personally don't send it certified because I know as soon as they get the check they will cash it or complain so delivery is not a problem.  The only time a send a certified letter is when I keep the whole deposit.  

Post: Eviction notice sent out on Day 3 of tenancy... oy vey

Ralph R.Posted
  • Real Estate Agent
  • Milwaukee, WI
  • Posts 114
  • Votes 30

have you been in contact  with the tenant  after the notice  was given?  Do they plan  on moving out?