All Forum Posts by: Dylan Bennett

 awesome thank you Michael

 OMG Brittany I posted my listing on FB and jeepers cripes you weren't kidding I've has 20+ People ask if it was still available (1 was even in the first hour of posting it lol) and only one has gotten to our initial call most never respond and I would say I'm at about a 90% response time within the first 2 hours of their inquiry 

 Hi Michael I appreciate the comment I thought renters insurance just covers the renters Belongings in case of emergency are there any riders or types of renters insurance I should be looking to require for protection from pet messes?

Thanks Adam I really appreciate it I definitely was planning on setting a lease to take me to prime move in dates because filling the vacancy at this time is defiantly a spooky thing for sure. and I've defiantly have been thinking of a good reduced price to change to it makes it a bit more difficult because we include all major utilities Water/Sewer, electricity, gas, garbage and we have owned the property under 6 months and some of the cost are obviously Quite variable in Wisconsin so I the number that I've been mauling over has been $1,400. the pets thing for me is purely a worry about pet related damages seeing the property isn't yet to where I would like it to be in terms of flooring and keeping pet mess damages to a minimum with quality lament flooring so my worry is about damaging the subflooring but I'm unsure if that is just me being overly cautious especially since I do require a sizeable security deposit and would obviously increase the deposit and rent for pets and in regards to the REIA meetings I'd love to go I'm actually starting a new job in the Winona area and will be driving to La Crosse daily so if you wanted to DM me the details I'd love to come and check it out!!

UPDATE: thanks for all the responses I took the recommendation and made a Facebook listing and a lot of friends and family have shared it and I've had a couple people interested one had a pet sadly(We are Pet free currently but I asked her if she would like a follow up if we decide to allow pets in the future) and the other ironically hasn't responded but in my initial response I did ask if they looked at my full listing on Zillow so maybe they did and realized they didn't meet one of my qualifying standards. As far as needs in my neighborhood we are a big military town we are sandwiched between two military bases that do summer training so we think eventually we may furnish the upstairs 600 SqFt unit upstairs and possibly do a short/medium term rental but more market research pending but currently for the downstairs we are smackdab in the middle of town and are like .2 -.5 miles away from 5 local schools 2 private and 2 local the rent is currently set at $1550/mo with electricity, gas, water/sewer and garbage included I worry people are getting stickershock and not seeing the included utilities I'm getting a ton of clicks on Zillow in 20 days (350) but only 4 inquires and 1 walkthrough who took an application but didn't submit it

Hello, I recently purchased a duplex with FHA and was wondering if anyone had any marketing advise for vacancies our rehab took longer than desired (or Expected) and we are getting closer to winter and obviously would like to fill the vacancy before then I currently am using Zillow rental property manager and have rental signs and flyers outside of the property I've been contemplating on making a Facebook post but many of the local groups seem kind of scammy but I'm open to any suggestions or advise for a first time property investor and manager if anyone wanted to check the listing out on Zillow to give feedback the address is 318 W Monowau St Tomah,

Wisconsin 54660

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $190,000
Cash invested: $10,000

1st duplex we are house-hacking $5k seller credit at purchase looking to eventually cash out refi. into the next deal around 5k in initial rehab

What made you interested in investing in this type of deal?

Rich dad Poor dad and Bigger Pockets Pod

How did you find this deal and how did you negotiate it?

realtor.com
5k seller credit and new rubber roof

How did you finance this deal?

FHA 3.5% down and 5k seller credit

How did you add value to the deal?

Repaint needed rooms, kitchen facelift including adding a backslash

What was the outcome?

TBD we haven't gotten our first renter yet

Lessons learned? Challenges?

Rehabs take longer than expected and the little unexpected things take the longest

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Realitor Hannah Cuda eXp Realty

@Taylor L.I appreciate it man that makes a ton of sense what would you say is a fair amount of equity to give an investor per 10,000?

@Chris Seveney I appreciate that it a ton. Another issue is my current circle isn't like minded at all, where would you recommend looking to meet like minded folks to build my network?