All Forum Posts by: Charles Clark

@David Van Rixel
That’s a solid-looking portfolio — turnkey, fully rented, and professionally managed makes it super appealing for both local and out-of-state investors. Since you're already active on BiggerPockets again, I’d recommend listing it on the BP Marketplace, and also posting a brief deal teaser in the Local Forums for your market — those threads get a lot of targeted traffic.

You might also consider packaging a quick PDF with basic numbers (rents, expenses, ROI) and a contact form to screen serious buyers. If you'd like help with that or spreading the word, feel free to DM me — happy to connect you with interested buyers in my network.

Congrats on the opportunity that’s pulling you forward!

@Cade Smith
You're in a fantastic position — strong income, disciplined savings, and a long-term mindset. New construction can be a great fit for someone who travels and values low-maintenance, especially if you're focused on buy-and-hold. You're right that you may sacrifice some initial value-add, but peace of mind and fewer surprises have real value too. Just make sure the numbers work with property management factored in. You’re doing it right by learning first — but don’t let analysis paralysis hold you back. With your capital and stability, you're more ready than most. You’ve got this! 👏

@Sabian Ripplinger
 Yes, hard money can be used for new construction — just make sure the lender handles ground-up projects.

Look for lenders familiar with Wisconsin (check out Lima One, Kiavi, LendingOne, or local options).
Be ready with your numbers: ARV, budget, and timeline matter.
Rates are higher and terms shorter — plan wisely.
First time? Start small to build a solid track record.

Need help finding a lender or running the numbers? DM me — happy to help!

@John Franczyk
Great strategy by your son — living in one unit while renting the other is a smart move! 

Even if he’s buying in his own name, it’s worth thinking ahead:

LLC: Consider transferring to an LLC later for liability protection (with some tax/loan implications).
Separate Finances: Keep rental income/expenses in a separate account.
Insurance: Strong landlord or umbrella insurance is a must.
Tools: Apps like Avail or RentRedi can simplify management.

Want help figuring out the best setup for him? Let’s chat! 

@Steve Balinski
You're not alone—many investors are feeling the squeeze in today’s rate environment. But your discipline and honesty in running the numbers already sets you apart. Here’s the thing: cash flow might be tight right now, but equity growth and smart financing can still make a deal worthwhile.

Consider looking at creative strategies like seller financing, house hacking, or targeting properties with value-add potential (cosmetic or operational improvements). Even a slight rent boost or tax reassessment can shift your numbers.

Also, don’t overlook out-of-state markets with better spreads—sometimes your capital works harder elsewhere. Keep grinding—this cycle will shift, and your prep now will pay off later. 👊

@Marcus Auerbach
That’s a brilliant and practical strategy—leveraging equity through tax-free cash-out refis is a smart exit move, especially for seasoned investors with low leverage. It’s a perfect example of making your money work without selling or sacrificing cash flow. Real estate truly shines when you understand how to unlock equity strategically.

@Devron Morris-Brooks
sorry to hear about that! For multi-unit rental properties in Milwaukee, you might want to check out State Farm, Liberty Mutual, Farmers, or local brokers like HNI Risk Services and Ansay & Associates—they’re familiar with investment property coverage.

As for Replacement Cost vs. Actual Cash Value—go with Replacement Cost if you want full protection. It covers the cost to rebuild without depreciation, which is key for long-term asset value.

@Devron Morris-Brooks
Sorry to hear that happened! It's actually becoming more common for some insurers to limit or drop coverage for LLC-owned multi-units. In Milwaukee, many investors have had good experiences with companies like State Farm, Farmers, or specialty insurers like Proper Insurance or Foremost. As for coverage, replacement cost is usually the better option—it ensures your property can be rebuilt to its original state without depreciation, offering stronger protection in the long run. Always compare quotes and ask each agent about experience with multi-family properties.

@Marcus Auerbach
Thanks for sharing these insights! It’s fascinating to see how regional dynamics are shifting so quickly. With Milwaukee’s ongoing housing shortage, it’ll be interesting to compare how local rent trends stack up against those cooling Sunbelt markets. Looking forward to the survey results at the May 19th RPAWI meeting!

@Devron Morris-Brooks
That's frustrating, especially with a clean claim history. In Milwaukee, you might want to check with providers like State Farm (commercial division), Liberty Mutual, or National Real Estate Insurance Group—they often work well with LLC-held multifamily properties. As for coverage, replacement cost is generally the better option for long-term protection, as it covers rebuilding at today’s prices, whereas actual cash value factors in depreciation. Always best to get quotes and compare both options with a broker familiar with investment properties.