All Forum Posts by: Charles Clark

Bom dia @Doolan Wesley,

I hope all is well with you. My fiancé and I purchased a duplex (3/2) in the Bay View area in 2019 to BRRR. We are currently rent out the upper unit (2br) for $1300. Bay View is a great market to rent, but an even better market to sell in right now.

It depends on what are you trying to accomplish. Renting is one option, but Bay View is a great area to Airbnb also. If you don't owe too much then it could make sense to keep it and use it as a short term rental. Being able to pull money out, keep the property, and use the cash out to purchase another rental would be my first option. However, if you can sell at the top of the market and get even more cash out to purchase your next property. Again, this depends on what is your ultimate goal as an investor. I hope this helps you with your decision.

If there's anything I can assist you with, please do not hesitate to contact me.

Beleza,

Charles Anthony 

Bom dia @Mario Cruz, I hope all is well with you mentally, physically & spiritually. 

Mario this is a question and it depends on your end goal. If you are trying to maximize your return sooner than later, I would suggestion purchasing a multi-family. With a FHA, you can purchase 1-4 units. If your family can handle being in a smaller place for a year, I would recommend buying a four unit. Yes, a single family or duplex will give your family the space and comfort. However, purchasing a 3 or 4 unit building will allow you to scale quicker. With the extra income, you will be able to purchase a single family in 1 to 2 years.

Let me know if you would like to chat more about the many options you have. If there's anything I can assist you with, please do not hesitate to contact me.

Beleza,

Charles Anthony

Bom dia @Ammar Ali,

I hope all is well with you mentally, physically & spiritually.

I believe the markets will survive because there is a shortage of homes available compare to buyers wanting to buy. This market isn't built on the things that the 2008 market was built on, so I don't see a crash happening anytime soon. As long as businesses are doing business and are able to pay their employees then I believe hot markets will stay hot. Employees also have more power with the ability to work remotely so this will add fuel to those hot markets and neighborhoods surrounding them. With employees having the option to work remotely they are able to buy in areas they might of not considered due to location of their employment. This is a gamechanger to the real estate market and I think will keep markets hot for at least 2-3 years.

I hope this answer your question. If there's anything I can assist you with, please do not hesitate to contact me.

Beleza,

Charles Anthony

Bom dia @Kate Szeto,

I hope all is well with you mentally, physically and spiritually. 

When I work with investors as an agent, the first thing I tell them is, "I am not helping you buy a property, I am helping you invest in a business.". You are running a business, so you have to run your numbers to know where you are spending more than you should. It sounds like you are not running your business and it is running you. Go over your expenses and compare them to prior years. See what costs are recurring and which ones are one time costs. Can you reduce the recurring expenses? Why did the one off costs happen and can they repeat in the near future?

If you are losing money, hiring a property manager could be a good or bad move. Bad, because if the management company is not good, you will just lose more money. Good, because they can look at your costs and let you know where you can make changes. At the end of the day, no matter what decision you make, you need to know your business so you can run it. 

Please feel free to contact me if you would like to discuss further. If there's anything I can assist you with, please do not hesitate to contact me.

Beleza,

Charles Anthony

Bom dia Wayne,

I hope all is well with you.

I work with local and OOS investors to help build their RE portfolios. Message me if you would like to learn more about my business and how I can assist you with your RE goals.

Beleza,

Charles Anthony

Bom dia Jordan,

I hope all is well with you. Please message me, I have a contractor I use on my properties in the Milwaukee area. 

Beleza,

Charles Anthony

Beleza,

Charles Anthony

Boa tarde Pam, 

I hope all is well with you. Depending on the interest you are getting for the unit/property, I would schedule an open house. This allow you to keep your whole Saturday or Sunday and not be stuck sitting at a table while possible tenants walk through every 30 minutes. Seeing other possible tenants looking at the same property will light a fire under some people that would take their time to move forward with a decision. This policy also allows you to scale up, if you have multiple properties. You can do multiple open houses and/or you can just hire someone to sit in the unit while possible tenants can walk through. This will allow you to focus on other parts of your business to keep it growing. Good luck on your investment journey.

Beleza,

Charles Anthony

 Boa tarde Ishay,

I hope all is well with you. Milwaukee is like most big cities, where it has multiple areas that are good and bad within the same area. Depending on your buying power and the type of properties you are looking for, will determine the areas you should invest in. If you would like to chat further, feel free to contact me. Good luck on your investment journey.

Beleza,

Charles Anthony

@Ryan Lindberg congratulations on taking steps on your investment journey. I think you are doing it the right way by keeping your side job while you grow your real estate business. Getting your first investment property before you make the jump into real estate sales is the best way to go about it. Having monthly income from your investment will offset you needing to close on a deal to get your commission check. I would like the opportunity to connect with you. If there's anything I can assist you with, please do not hesitate to contact me.

Beleza,

Charles Anthony