All Forum Posts by: Jeff L.

@Stephanie D. Congratulations on your first deal! You're going to be successful. Just because you took that first step, the unknown is now known. There will still be a lot of unknowns, but you'll get to know those too as you come across them. I hope this one turns out really well so that it boosts your confidence going forward. Good luck!

@Scott K. Just curious, why did you decide to sell the property? Were the numbers not right, or something off about the tenant base, or something else?

What CoC returns do you typically see as an investor who puts money into a syndication deal for apartments? (As a passive investor, not the person who puts the deal together).

How does it compare to investing in your own SFRs? Is it more or less lucrative, or about the same?

It seems to me like most syndicated deals are about buy -> improve -> sell. Are there deals where the owners hold indefinitely to reap the cash flow? If I'm looking to hold long term for the cash flow, are syndicated deals a good option?

What CoC returns do you typically see as an investor who puts money into a syndication deal for apartments? (As a passive investor, not the person who puts the deal together).

How does it compare to investing in your own SFRs? Is it more or less lucrative, or about the same?

It seems to me like most syndicated deals are about buy -> improve -> sell. Are there deals where the owners hold indefinitely to reap the cash flow? If I'm looking to hold long term for the cash flow, are syndicated deals a good option?

 Got it. Thank you so much!

Sorry to piggyback on this topic.

I can't seem to figure out how to calculate the annual property tax for a given property in Milwaukee Wisconsin, so that I can run a good numbers analysis on multiple properties. The assessor's site doesn't have very much information.

Let's take this random property as an example: 3862 N 54th Blvd Milwaukee, WI 53216

Where on the assessor's site can I find previous tax years information as well as an itemized list of the different county/city/school fees for this specific property? The best I can find is the one page PDF of their current installment tax bill.

Is the tax for this year simply the City Tax + County Tax - Credits? How are each of them calculated? The only tax rates I can find are on this page yet I can't reconcile the percentages there with this property or how they relate to the assessed value.

Is there an easy, consistent way to calculate the property tax for any Milwaukee property using the assessed value and specific tax rates?

Any help would be appreciated. Thank you!

Sorry for bumping an old thread, but does this mean that if I just bought a rental property, and am fixing a bunch of minor things to get it move-in ready for a tenant (including cracked gutters, replacing outlets, replacing locks, etc) I have to depreciate them all as capex? None of it can be expensed as a repair?

 Just read that in other threads here. Was just wondering if the differences are enough to be worth getting past the steep learning curve but maybe they are.

For landlords out there who don't manage themselves, which is better: Quickbooks or Quicken Rental Property Manager?

Which gives you the better reports, better data? I hear Quickbooks has a steep learning curve and is more generic so it's not tailored for landlords. But I see most people using it. Quicken seems more tailored to landlords, but I see less people using it.

Which is better, in your opinion?

 Well the quote my insurance gave me says "commercial general liability" on it and it's for a single family. So I'm kind of confused.