All Forum Posts by: Chad Nagel

I have been flipping a few here. I have 47 units in the midwest. 

200k purchase with $1700/ month in rent. Was it a semi new build? That's a sub 1% rent/ purchase. Playing in the midwest markets. 2-3% can easily be obtained. Unsure what you actual question really is, there are many ways to make money in this biz.

Google the Wisconsin way. Guide to landlord /tenant handbook. It's a great resource for rules in Wisconsin regarding rental property. And yes I'd include all money owed, rent, late fees, water bill in my 5 day notice.

With questions like this, it sounds the property management was worth your money. 

I have done land contracts in Wisconsin and held a mortgage on a home in Florida. It's a great arbitrage play on price, buying cash then selling owner finance. It can open up a bigger buyer pool. You are able to charge higher interest rates typically as your borrowers can not typically find money at a local bank. The biggest down fall is to be prepared to take it back in foreclosure situations or to not price the sale to high that borrower can not refinance at local bank when balloon comes due.

https://datcp.wi.gov/Documents/LT-LandlordTenantGuide497.pdf

I own a few in wisco.

Could Foxconn be changing its tune with the change of governor? Walker/ Kleefisch originally worked to get Foxconn to wisconsin. The party of the new governor Evers has done nothing but bash the foxconn development. 

I get mail there for many LLCs, hasn't been a issue yet. I got the mid level pacakage, as you dont realize how much mail you actually get till its all added up. Biggest thing, get insurance policies via email, cuz those can suck up huge amounts of pages on plan.

Following