All Forum Posts by: Bradley Pietrzak

hey everybody I am just looking at purchasing my first duplex within the year here me and my sweetheart have enough saved for house hack and we are going to move on it I just have a quick question

I just want to be able to sort through property’s fasterdoes anyone in wisconson have a general rule of thumb they use for there cap ex? I’ve heard 8 percent of gross rents before but I am unsure if that fits with your market. Also what’s up with your property taxes? I can still find good property’s or ones that seem like the numbers work but because your property taxes are so high the costs look funny when you run the numbers without a mortgage do they go to anything specific worth while for the community? I just moved here like 2 weeks ago so I am learning a ton.

I also have another question I know this isn’t in all areas but would around 400k here be able to set me free from my day job after I am done with school? If so how would the difficulty go as far as stretching that money out 

found as great property I think. the seller is in Florida 4 units for 200k it is in a A plus school district. on the edge so it is A little country looking. however the avarage rent in this district is 800 to like 1300 for 3 bedroom all units are rented month to month. tenants are old tenants some sense 1980. My jaw dropped when he said he was renting out the units for 300 a month and 3 bedrooms for 500. now with this being said. the units were old military housing. and the realtor said they were really small. What is your guys intuition on this. there are pictures but they were really badly taken. the pictures make the property look like a ugly duckling when I go on to Google maps and do street view the property looks fine just a little country. the driveway is not paved and there are not garages due to it being older military housing. I still don't think these things would constitute a rent that is a third of the standard for the area though maybe a few hundred off but 4 to 500 for a 3 bedroom with there schools district I could at least raise those rents do you think I am on to somthing? Or am I just not knowing what I am doing and getting giddy because I want to be on to somthing and I have never been a landlord please let me know I am pre approved and will be buying my first house hack soon this property has also been on the market for awhile I will be visiting in person soon

I guess I'm just getting ansy

I do want to post I am living with parents right now I'm paying them rent but it isn't very much I don't even know if it is enough to warrant moving out yet as I am going to college. My and my wife are pretty happy with progress we save about 50k a year. work our *** off for it. So I can afford to wait for a good deal.

Hey bigger pockets you guys are awesome. So we're I am deals are hard to come buy. fortunately I have a va loan and will be doing the old multifamily live in for my first. with this being said I have no landlord experianc e So for this first property if I can't fond one were the numbers are amazing but I can find something that is at least ok and not atrocious should I just move on it just for the sake of experianc e and just getting started or should I really just wait for a good deal and keep looking for a prime deal. eather way I will be well off just jumping in and say getting retail price would alleviate rent or morgage from me but I probably wont have cashflow and have to come out of pocket for repairs and capital items. but I would be able to save faster for my next deal. on the other hand if I keep looking till I find somthing worth while I could potentially have those cap items covered instead of just my morgage What should I do? should I keep looking or just dive In? I do have a very very large nest that I have invested into stocks and such so I can handle some repairs and surprise evictions and such

thanks guys apologize about long reply looks like I'll go with ohio cashflow and do brrrr. my and my honey are saving enough so we should be able to buy one pretty soon with cash I'm also going to school for engineering and from what I hear there is a great job market for mechanical engineering in ohio so I'll move over there and stay with them and build my empire that way thanks for all your kind words!

God dang it auto correct were is the edit button

open bay living? Or somthing similar I know it is controversial when I was in the navy we had it . on ship it was really tight obviosly it wouldn't be like that in the civilian world there would be more space. but would a concept for this work legally. There seems to be a growing trend of people having trouble getting ahead in life and I think this would solve that problem by doing somthi g like this you would make more money with the volume of people rent would be a little less then a studio you may have some sort of walls for a bedroom but the bathrooms would be more comment area same with living room and the kitchen. this would allow people to get ahead in life while you make money in this Lind of win win situation dil what do you guys think

And auto correct

my got this phone key board is horrible I apologize about the spelling