All Forum Posts by: Denise Supplee

My business partner lent a private note to Ohio’s real estate investing couple. He was paid 10% interest every quarter since 2019. This worked out. However, he did have a relationship with them. 

Word to the wise, however: only lend a private note to investors you know personally and trust implicitly. Don’t lend money to anyone — even someone you know well — if they don’t have a long history of success in real estate investing.

If you desire to earn a higher rate of return like 
15-30%, you might want to consider investing with a real estate syndication. We have invested in notes in our investment club. And so far it has proven to be a positive experience. 

Great post and thank you!

I love @Henry T.'s response. Just want to add that it appears you may have what I refer to as a "professional tenant". Now this does not mean they may not be right and there is an issue. However, it does mean they know the system. So make sure you cover yourself by great record-keeping of all that you do and all communications. I hope this works out for you!

Hello and welcome @Reid Truschinski - Love your ambition! Although, I have not invested in Wisconsin yet, I am hoping our investment club does soon. I like Wisconsin because not only is it landlord-friendly (which makes operating easier) but there are many locations that are so promising. 

I have done research and love Madison's location as there are many large employers, providing a low unemployment rate and a need for more housing.

Another area I like, Sheboygan. It's beauty and the lake provide a great opportunity for short-term or vacation rentals. 

I wish you the BEST of success!! 

@Niranjan P Ghate, Hello, have you ever considered investing in syndicated commercial real estate deals? I operate a co-investing club where we invest in properties all over. We are currently vetting a 250+ unit in Ohio. It is truly passive! I have been involved in investing and managing properties for over 30 years, and I got so tired of tenant's complaints, emergencies and maintenance issues. Investing passively, I do not have that anymore! Feel free to reach out if you have any questions. BEST of luck to you!

@Abigail Joanna, You're essentially stacking two loans. A personal loan usually will have a higher interest rate as well. So, your housing payment will increase. If something happens, you will have that higher payment, regardless. However, using your savings will leave your housing payment the same. And if you need something later, you can always get a personal loan later. I hope that makes sense. 

Hi @Derick Hunter - Going short term may be a good option. Are there any medical facilities located nearby? Traveling nurses are always looking for short term smaller rentals. Wishing you luck!!

Hello @Istel Contreras - I love hearing you are ready to invest! I have been investing in or involved in real estate for well over 30 years. I actually took my real estate classes in Jacksonville, NC in the 80's. I am now in PA. Currently, I invest with an investing club I co-founded several years ago. I like it because it is hands off and after years and years of dealing with tenants and toilets, I wanted to go passive. We are actually doing a master class today at 3 Eastern

Tariff-Proof: How to Beat Inflation & Recessions.Feel free to message me if you are interested. I wish you MUCH SUCCESS in your real estate endeavors!

Hi @Arnold Caceres, One of the barriers to purchasing a first home/rental property usually is the cash needed up front. You can reduce these by being creative. 

1. Look into an ag loan. These generally require 0 down but only are available in specific rural locations and generally will have to have some type of ag use. 

2. Partner with someone. 

3. Try and get a sellers concession. This is kind of tricky to do now but it may work for a property lingering on the market.

4. Hold off and save more. 

5. Look for first time homebuyer grants. These are often in cities but I have seen them in other areas as well. Often they are enough to cover much of the closing costs. You may have to sit through some classes. 

Hope this helps and the BEST of luck to you!

Hello @Steve Brown, There are so many awesome books, forums, and mentors out there. One of my favs is Rich Dad Poor Dad. Brandon Turner's Multifamilit Millionaire is super popular. I can tell you after my over thirty years of investing and managing properties (for myself and others), it is important to gauge the landlord tenant laws in the location you plan to purchase. Over the years, I have found it much easier to invest and manage in more landlord friendly states and locations. Investing in small multi's and SFH's has been a great way for me through the years to build equity and receive income. I also learned over the years that it is important to take the aggravation factor into consideration. There is much! I ended up selling all but one of my own investments and now invest with syndications in our investment club. No more dealing with tenants or toilets, I like to joke! I wish you the best of success in your real estate investing!