All Forum Posts by: Dain Hungelmann

I'm interested but i also buy bank -owned.  I can't buy them all... Just make sure their not for owner occupants only.   pm sent 

looking for an agent in South Shore to let me know if an area is good or not to invest in. I hear it's block by block . It's around E 79th and S. Chicago Ave. 

I'm in negotiations with a seller about buying a 4 plex with an appraisal value of 110k. Asking  price is 85k. I want to get the loan for the 110k and be able to use the difference as my 20% down.

20% of 110k is 88k, enough to cover my 20% and 3k left over for some closing costs. I have a lender that will stricture the deal using the equity but i's a 5 yr. ARM and the rates are 7-9%. I could refi out of it but don't want to pay the closing costs twice.

Thought about just asking the seller for the 20% back at closing.

Any sugestions.

How do I word it with the seller to get the $ back at closing, 

Any others out there besides Milwaukee Hard Money ?

Yes, the insurance companies pay these guys to find the displaced homeowners  temp housing instead of putting them in a hotel.  they pay pretty good rates and on time. I'v done this a couple of times with my primary home (  i'll go scout out other markets or vacation) and others, they usually want the house furnished, blinds, etc..

good companies to have in your back pocket

I'm confused , are you asking how to help the lady out to keep the property  or how to take possession of the property and not slip through your hands ? PM me, I'm sure i can help you out either way.

im looking for recommendations on a good and reliable and honest contractor in Milwaukee 

tim, there is company that is just starting up in balt.  I met with a couple weeks ago as an out of town investor. I'll be back up in Baltimore next week to meet with them again. They do everything from helping purchase, setting up hard $ lender ,general contractors, staging, sale of the property,   really cool people.

Contact me for more.

Dain