All Forum Posts by: Calvin Ozanick

Does anyone have any experiences with Cardone Capital? I am looking for both good or bad experiences. I really just want to hear some first hand information on how they operate. As much as I appreciate Grant for his social media channels, it is getting harder and harder to find some real information on the company and how they operate. If you are willing to share numbers, that would be great but it is not necessary. I really just want to know more about the deals as a whole and what they are all about from an outside looking in perspective!

Janesville, WI and Beloit, WI have been great in recent years. Lots of economic growth and development in the area are leading to rising rents. Dollar General Headquarters just outside of town leads to a lot of renters. The city is showing under 2% vacancy currently. Let me know if you have more questions!

Tim,

Have you reached out to Guild Mortgage. I have contact there which I refer many of my clients to, and they have had great reviews. The mortgage broker I recommend is Ryan Smith, otherwise, Cassie Everhart at Wisconsin River Bank is great as well. Hopefully this works out for you! If you have any questions about investing or managing in Janesville I would be happy to share some knowledge of the situation for you!

Roddy,

Regardless of the sarcastic tone of many people in this thread, you need to realize that those numbers are pretty difficult to achieve in this day and age. Most banks, if not all, will want 20-25% down payment money. So, your $40,000 would get you roughly 160-200k worth of property. You are most likely best off starting small with something manageable. This would lead you into some bigger deals as you learn more about the business. Also, based on the model you projected, I am assuming you read Cardone's book. This is a great start. Before you buy anything, I would recommend reading Brandon Turner's "The Book on Rental Property Investing" this book will give you the steps and plan to get started investing in real estate from someone who started and built a very successful business. Best of luck, and should you need help analyzing deals or more information, always feel free to reach out. 

John,

First, I would recommend sitting down and deciding which way you want to go. On this site, you will get the feedback on the real estate side. But, you need to understand both sides and make a decision that works best for you. If you are truly wanting to do real estate, I would look into getting an FHA loan. An FHA loan allows you to put 3% down of the purchase price as long as you live in the home for at least 1 year. You could use this strategy to rent out half of a duplex and live in the other half. This allows you to get started real estate investing and get into home ownership easily and for a fairly cheap price. Best of luck on your journey!

I am a property manager in Janesville, and we have clients having great success in the area. We manage in Janesville and Beloit and both areas have been very successful!

Down Payment	Loan Amount	Rehab	ARV	Rent Income	Mortgage	Annual Tax	Tax	Insurance	Maintenace	Management	Vacancy	Monthly Net Income	Returns
$ 24,800.00	$ 99,200.00	$ 5,000.00	$ 123,000.00	$ 1,650.00	$ 696.00	$ 1,898.11	$ 158.18	$ 70.00	$ 165.00	$ 165.00	$ 165.00	$ 230.82	11.17%
$ 25,800.00	$ 103,200.00	$ 10,000.00	$ 130,000.00	$ 1,700.00	$ 725.00	$ 2,000.00	$ 166.67	$ 70.00	$ 170.00	$ 170.00	$ 170.00	$ 228.33	10.62%
$ 28,980.00	$ 115,920.00	$ 10,000.00	$ 150,000.00	$ 1,900.00	$ 814.00	$ 2,800.00	$ 233.33	$ 70.00	$ 190.00	$ 190.00	$ 190.00	$ 212.67	8.81%
$ 24,800.00	$ 99,200.00	$ 5,000.00	$ 130,000.00	$ 1,650.00	$ 696.00	$ 2,246.00	$ 187.17	$ 165.00	$ 165.00	$ 165.00	$ 271.83	13.15%

Looking for investors to purchase these duplexes. I am a property manager in the area, and I would love to help you along the way with this purchase and management. Should you have any questions, or want to hear more about these properties. Call Cal at 262-200-1252 or reach out to me through BP!

I work with two gentlemen here in Rock County and we started a property management from scratch. Obviously, there are some growing pains, however I would never want to do anything else. This job is exciting and fast paced. We provide great services to our landlords and always aim to keep them happy!

I will be sure to start stopping by. Out of curiosity, do you get a pretty large group?

I currently work full-time in the property management industry. I currently run Wisconsin Property Managers as the lead manager and am responsible for everything the company does on a day to day basis. I am 22 and have enough income to pay for all of my own bills while still saving up. I do not have any debt from college, however, I do have a car loan that I am paying off. Should I wait to pay off my car and settle into my career before owning, or should I jump right in? Should I look for partners in the area, what should my next move be?