All Forum Posts by: Frank Eimiller

Good luck selling

hey hey!!

I would vouch for/listen to @Shawn Ackerman

The man's always trying to help!!

haha I agree with you and I'm by no means and expert.. I just think it's a dangerous idea unless you really get boots on the ground and have a really strong property management team in place 

I've walked through a dozen "PIGS" in the last few weeks.. If dealing with that class of tenant in certain areas.. No thanks. That's not power. That is another job. 

Chad you don't own "pigs"lol. I'm referring to the cheap stuff on the MLS for 50K.. I see your pics, definitely not the type of asset O.P. will snag for 50k. Give yourself more credit, man.

Surely you wouldn't recommend someone to come into our market and buy those properties and try to manage them from across the country, even with PM it has disaster written all over it... yikes 

Why do you want $50k houses.. What attracts you to that asset? Is it the tenant you will get? The location? The "hands off" passive income? I would stay away unless you come by a screaming deal. I would look up Ben Leybovich's blog post(s) on the subject (the subject being PIGS)

Anyways, feel free to reach out if you want to know anything about the Wisconsin market (at least my area)

Welcome to BiggerPockets! 

I would try investing in land-- maybe you could get salvage yards in your area pretty cheap? Call the Manitowoc police, they might help you find said land. 

I'm kidding (kinda) haha 

I'll read through these now. Very helpful! Thanks @Ben Leybovich

This looks amazing. Your contractors... keep them 

Congratulations!