All Forum Posts by: Casey Kooiman

@Rob Beardsley Thank you for the response! Would you suggest adding them to the mortgage? Or have a separate agreement under the LLC?

Hello fellow investors!

I've asked this group for a lot of advice on how to grow in real estate. I've managed to accrue 5 units since then (2 SFH, 1 Condo and a Duplex). All are doing great and cash flow is nice. I realize I could continue to slowly add a unit every year or so, but I'm really looking to scale at this point. I'm just at a bit of a loss regarding how to best do it... particularly when it comes to financing it. I want to purchase a 4 unit or greater. Are there any creative ways to finance it? Can I do it under an LLC? Is it possible to take equity from one or more of the other properties without it being too risky (I believe I can only take a small % of the equity). Coming up with 25% of a 500k property, let's say, might not be possible for me any time soon.

p.s. I'm looking in the Milwaukee area only.

I look forward to any advice! Thanks so much!

I have to echo @Dennis Elverman's feedback - he wrote it much more eloquently than I could! I am very familiar with Tosa and a bit further west into Washington Heights. The units do vary widely in quality, but I would agree with $900-1200 (maybe 1250) for a typical duplex unless you have something very updated in an ideal location. 

Cool post! I do International Business Development; somehow I travel the world while managing my properties (duplex & condo) myself! Going to need help managing though if I hope to expand! 

@Shawn Ackerman got one quote, but it's a little pricey for a rental. Can you DM me the info?

@Jason V. thanks! Will keep that in mind if I find something else in the area! The other one fell through - seller not able to negotiate on price.

Thanks, @Mike Lowery and @Adam Trantow - very helpful! 

@Adam Trantow - Love the Wash Heights area for investment properties, but how far west can you really go for good, solid tenants? My place on 55th & Lloyd is great, but I've been hesitant to go west of that since it is a bit unknown to me. I've seen some cool properties pop up on 52nd and Lloyd, etc. Any advice would be great based on your experience! 

@Daniel Hyman - thanks! BP won't let me message you though since it says there is a pending request to "connect". Confusing...

Hey Milwaukee! 

The frame on one of my windows (upper duplex) is completely rotted - thinking it needs to be replaced. I may want to get quotes for some other older windows too while I'm at it. Any recommendations for a reputable company who can help me out? It should be someone who is fine with a small job if I go ahead with just the one window right now.

While I'm at it, I might as well ask if there are any maintenance companies you recommend. I'm using one right now since I live 4 hours away (am managing the properties myself), but they aren't the most reliable or organized. 

Also in desperate need of a quality handyman. Need some trim work done soon and some other odd projects here and there. 

Thanks in advance for all your help!