All Forum Posts by: Donna Page

I have a very basic one that I created in Excel and just wondered if I am missing any pertinent metrics. I currently track: 

1. Price Paid

2. Current Value 

3. Mortgage/HELOC balance (if any)

4. Equity

5. LTV available

6. Appreciation 

would you suggest that I add anything to that list? 

Is anyone familiar with or has anyone created a shareable spreadsheet that tracks property values, rental rates, equity, LTV values and other pertinent information that will give one a quick Birdseye glance at their real estate portfolio in one place? I searched the site and can't seem to locate one here.

I am looking to update the exteriors of  3 or 4 duplex properties that I own in the city of Milwaukee and I would like contractor recommendations. I plan to have the siding and windows replaced on rentals that I hold which are located in the Sherman Park and Havenwooods areas and I do not want to over improve the home from an investment perspective but I would like the homes to have curb appeal. I have considered ordering the windows from Lisbon or Lowe’s but would like to save on labor by paying an installer directly. 

Any recommendations or feedback would be greatly appreciated. 

A few of my rentals in the Midwest are in areas that are considered depressed or less than desirable to some but our strategy is to provide clean, safe, and attractive homes to tenants that are generally grateful for an opportunity to stay in areas close to family, work and school. We don't over improve properties to far above market rate from an investment perspective but we keep our properties well maintained with clean landscaping and fashionable interiors. These properties generally have the highest ROI and lowest turnover across our portfolio.

Hi Jonathan, my colleague and I look forward to meeting everyone next week. 

Congratulations on being 1 step closer to executing your Real Estate goals in Wisconsin Jorge! If you have flexibility in your travel plans I highly suggest that you consider taking the 5 hour Landlord Training Class offered by the City of Milwaukee. It is a free resource that covers local and state laws concerning rental properties. I hold 11 units in the city and will be flying in for the class and attending with several key members of my team. Wisconsin law seems very fluid and I suspect that we may see greater scrutiny on out of state investors as a result of the influx of new buyers to the area. 

Best Wishes as you get started! 

This scenario sounds like the real estate version of my dating life, lol. Don’r waste anymore time lamenting over this guy. He sounds unfocused at best or a scammer at worst. You dodged a bullet with this one. Best Wishes on finding a true mentor and PM in your target market.

Great Job Keith! Those after pictures look fantastic for the amount of the rehab. Do you do your own work or do you have a team in place?

I think that it depends on your long term goals. If this is a long term buy and hold then you may want to calculate the cost of the conversion divided by the difference in rent. If you plan on selling after renovation consider the difference in price between selling it as a single family versus a duplex. I’m my Market (Milwaukee) duplex properties that look like single family homes are highly desirable. The profit margin is much higher on renting out both units in a duplex and as mentioned before they are very desirable to house hackers and investors when they are on the resale market. Best Wishes!

Welcome to the Milwaukee market @Jack Medford! I have held income properties there across the city and I agree that @Dawn Anastasi’s book does a great job of giving a good overview of the different zip codes. 

Best Wishes!