All Forum Posts by: David Taylor

I'm not the listing agent but I'd love to help someone secure these. 

Four college rental multiplexes - 8-plexs, 8-plex, 7-plex, and a 6-plex

In La Crosse, Wi - near multiple Universities! 

This doesn't happen often! Let's chat and get you more information! 

@Tom Shallcross

Haha thanks #1 was what I was doing and figured there was a #2 way somewhere. Thanks! Do you have a subscription to either and get a referral bonus? 

Thank you! 

Near me in La Crosse, Wi there are over 100+ Duplexes in a handful of subdivisions. Most of those I'm sure are not owner-occupied. What is an efficient way to actually get the contact info of that many owners? 

Thanks in advance! 

@Rachel Caron  - Congrats! Welcome to the group! 

@Michael Langrehr - I am very impressed with the La Crosse market right now. There was a 6 unit that went on the market and 48 hours later had 20+ views and a dozen offers! Crazy! I'm just north of you in Holmen.  

@Jaysen Medhurst thank you!! Very helpful! 

Getting ready to make our first property purchase. Debating on the best way to gather initial capital. One option we are discussing is to BRRRR our current home.

So - Cash-out Refinance our house -> Purchase a new home (hopefully a house hack MFH) to move into -> then rent out our current home

But I am tied up on the cash-out refinance piece. 

We currently have 18% equity in our current home (which is appraised at $130K). 

Should we pay off a sizable amount to our house to get us closer to 20% or 25%? 

Then cash-out refinance. At 75% LTV - that's $97K (minus fees) which we would use as a down payment and rehab costs for the new home.

Is that doable? Or am I thinking about it completely wrong? 

Thanks, everyone!! 

@Andrew Davis Wow..... how do more people not know about this?  Thanks!

That is really good advice. Not meant to be disrespectful, just what works for me. 

Thanks

@Eric Dami Got it! So your voting walk away or bid lower on this one? 

@Tim Herman wow. Thanks! Got it.