All Forum Posts by: Jenna Cawlfield

Hi All…

So I have been working with my husband working on a way to get started with PI and we keep finding properties and then my Husband finds some reason to back off “for now.” I am much more the get started and figure it out at you go type person and he is the plan until it dies type.

Anyway, I have found a great property. Good price point, well kept neighborhood, excellent rent return. (We are planning to buy and hold) 

Anyway… as we are just starting out we don’t really have any liquid funds right now. So we will have to pull from 401K or from the equity on our primary residence. So we have 2 options with this property that I see. Mind you, we have about $110K equity in our home.

#1. We pull the down payment from our home as a HELOC and finance the rental and deal with the BS interest rates.

#2. We liquidate my smaller 401K and take the remainder out as a second mortgage and buy the rental outright as a cash deal.

Does anyone have any thoughts or opinions? Ideas? 

My husband and I are just starting out with our business and are laying the framework for a buy, rehab, and hold structure with intent to lease in the Milwaukee market. One of my main questions is would you recommend that I obtain a Realtor license and why? Also, any other info that you think might be important of course! We will be attending the RPA Meet-Up tonight (7/19) so hoping to see some of you in person! 

Hell all,

I am a new investor jumping into the Milwaukee market looking to specialize in rental income properties. The plan is to buy low, complete rehabs and lease while holding long-term. I am taking the Landlord course offered by the city as well as the Lead Safe Training. 

Does anyone have any additional advice or anything that they would like to share with someone looking to build a business from scratch? Areas to avoid? Rehabs to be on the lookout for? 

Thanks in advance!!!