All Forum Posts by: David Johnston

@Jason Bilbrey Thank you for that insight. I can see how that would be the better option!  

@Jason Bilbrey Other than the increased income from the extra unit, what would would the benefit be of building 5+ compared to 4 and having it be commercial?  

Has anyone built a tri/quadplex and house hacked that way?  We may have an opportunity to make this work for us, and with the price of homes in our area building might make more sense. Looking for any insight to anyone who has done this and what your experience was. Thank you!

Has anyone built a tri/quadplex and house hacked that way? Specifically in Wisconsin, what are typical building costs per sq. foot? We may have an opportunity to make this work for us, and with the price of homes in our area building might make more sense. Looking for any insight to anyone who has done this or something similar with a new build. 

Hello! I am excited to learn a lot from you all! I am very new to REI and have a question regarding an LLC. Is it best to open an LLC in Wyoming or in my home state (WI)? Also, how do you buy a property under your LLC or move a property you already own into your LLC? I talked with a lender and they said they would not do a conventional mortgage to an LLC, so I am wondering how it is done with multiple properties. Thank you!

My wife and I are ready to make the steps to get rid of our "9-5" and begin investing in real estate. We are based in Wisconsin and have been researching into either STR, MTR, or LTR. We are wondering if anyone else is in the Wisconsin market and has experience using BRRRR method. We also have a large interest in RV Parks, so if anyone has insight to those we are all ears! In general we are very excited to learn from the Bigger Pockets members and look forward to learning all we can!