All Forum Posts by: Chari Nash-Cannaday

Great analysis Jack. I would be interested to see your analysis on Milwaukee if you expand to the market. Have you done any analysis on increased values in neighborhoods where the government offers incentives to purchase? 

Hi Rebecca, 

Thanks for the information. I will contact both those banks today. I'll be flying in late Thursday so I will miss the BP event but I hope to check out future events. 

Thanks Timothy! I appreciate the feedback because I did not have a basis for "reasonable" with an investment property. I was looking at rates for a primary purchase so I wasn't really sure what to expect. The lender that provided the pre-approval said I might be able to get a lower rate with a portfolio lender so I'm trying to see what I can find. 

Hello,

I planning to purchase a property in Milwaukee, WI. I submitted an offer on a property yesterday and I am waiting to hear from the seller. Are there any portfolio lenders that service the Milwaukee, WI area? I have a pre-approval from a bank for 4.8, however, I am trying to see if I can get a lower rate from a portfolio lender. I appreciate any leads. Thanks.

The foundation issues were not visible during the inspection. However, after the walls started to crack it was obvious the walls cracked in the same area prior and was plastered and painted over. In addition, there is evidence the basement wall had been pulled in previously. The bolts from the wall being pulled in were covered by a door and granite slab that was laid against the wall. This was missed during the inspection. 

Hello,

Has anyone ever tried to sue a seller for not disclosing foundation issues and what was the outcome? I'm just wondering if it is worth it to pursue the seller before I pour money into an attorney in addition to the 30k repair cost.

Thanks,

Chari

Hello BP,

Does anyone have recommendations for a foundation repair company in Northern VA? I received an estimate from a reputable company but I need more estimates. My house is a semi detached house about 1100 sq ft. I was told I need piers on all three sides. The estimate was for 30k and that seems really expensive compared to estimates I've seen in other forms on BP.

Thanks, 

Chari  

Thanks Dawn! This is helpful. 

Hello All, I have been a member of bigger pockets for a few months. I have listened to almost all of the podcast on my commute to and from work, while getting dressed in the morning, and while washing the dishes. I have two properties, one currently rented out in MD (my tenant is great and just asked to renew for 2 more years) and one in VA that I am living in until the end of the year, at which point I will turn it into a rental. As you can imagine, prices are expensive on the east coast so I am looking to make my next investment in my home town (Milwaukee, WI). My entire family still lives in or around Milwaukee and my father will manger the property for me (plus I’ll check on the property during my trips home). I want to know if anyone has experience with foreclosed properties in Milwaukee. Specifically, the scope of work and estimated cost posted by the City. In your experience, does the scope of work only include the cost of materials or does it include labor? If you have purchased a foreclosed property in Milwaukee, did you end up spending more or less then the estimated cost outlined in the scope of work provided by the city? If anyone has advice based on your experience dealing with foreclosures in another state, I would like to hear about your experience too. Thanks, Chari