All Forum Posts by: Brock Mogensen

I am beginning to search for potential partners in the Southeastern Wisconsin area that would like to team up.  My goal is to create a team and begin to get to know each other and see if we can work well together.

I plan to get into large multifamily syndication deals within a 1-2 year timeline.  In this time span I am doing flips and saving from my current professional career.

In this 1-2 year timeline we would we would meet on a consistent basis and develop a solid plan of action to acquire these syndication deals.

At this point I would like to connect with people and see if our interests align and if we could work well together.

I currently have interest from several people that have either an extensive finance background or have many properties in their portfolio already.

I currently have no deals in my portfolio but what I bring to the table is experience in building websites, marketing (specifically search engine optimization), good financial understanding, and a great ambition to succeed in real estate.

If this is something that interests you please message me for more information or to ask any questions.  I am located in Kenosha but I am open to people located in surrounding areas like Racine and Milwaukee.  I am not ruling out people that are located out of Wisconsin also! 

I was wondering what the best envelope and paper size is for direct mail.  I was thinking an A6 size envelope with A6 size copy paper.  Has anyone found better success using postcard thickness A6 paper compared to regular A6 paper?  Or should I use a bigger size paper?

I sent out my first batch of direct mail today in regular business envelopes with a standard paper size.  I've read all of the posts about direct mail so my message and font were clear.  The blogs just didn't talk to much about what envelope and paper size they use.  

I appreciate any advice!

That's an awesome deal with a solid ROI! I'm planning on using the BRRRR strategy on my first property so seeing success stories like this is inspiring.

I'm in the same dilema right now.  There's a lot of 2-1's and not many 3-1's in my area for a good price.  I'm to the point where I'm just ignoring the bedroom count and basing it off of what my total cash flow each month would be. 

When you are running the cash flow analysis on a sheriffs auction property what dollar amount is a good estimate for repair costs?  I know its a pretty vague question but is there a general amount you would use (based on units/property size).

For example it is a single family property and since it is a sheriffs auction property I was not able to view the inside of the home.  I drove by the house a few times and everything on the outside is solid and wouldn't need any repairs.  I noted things like a clean yard which would make me make the assumption that the inside has to be somewhat similar.

I used $10,000 in repair costs when running my cash flow analysis. 

Any further advice in regards to buying foreclosed properties, specifically sheriffs auction tactics is greatly appreciated!

Hello,

I am new to the BP community and just starting out in real estate.  I'm looking at a couple of deals and hopefully making offers in the next few weeks.

If anyone is in the Kenosha, WI area I would love to connect with you!

- Brock