All Forum Posts by: Johann Kleisch

Shop around, you should be able to find a company that will be able to help you.

Congrats on your first purchase and best of success!

Has anyone paid for the full LoopNet membership and found it to be worth the cost.  It seems pretty expensive but I'm still considering paying for it.  What are your experiences with the full pad membership? Was it worth the cost?

Thanks in Advance!

With my lender in WI the closing costs are about $1000.00 per deal.  This is with no points paid at closing. 

It's basically the cost of:

Appraisal

Loan origination fees

Title fees

15% is pretty good assuming you accounted for ALL costs: vacancy, management, utilities, repairs, cap ex, etc.

Best of success!

I recently heard one of Ben Leybovich's podcasts where he said he must be able to talk with the seller in any deal he is considering.  I agree it's a great idea if you are good with people and negotiating.

My idea was to add some type of language in the offer that states if the offer is rejected or countered, I must have the right to meet with the seller directly.  Of course they can decline my request, but it seems like a good idea to help get deals closed.

What are your thought BP land?

Thanks in advance!

One idea to consider is putting 10% down on your next home or possibly going smaller so you have twice as much to invest.  But that's totally a personal choice and is up to every individual. 

Best of success!

Having a lot of unfilled rentals around is a red flag to me.  Perhaps they are asking too much for rent, but there may be something bigger happening.

Do your research, if you are not confident you can get a certain rent and keep your vacancy around 10% or less, you may want to pass.

Best of success!

Buy and hold large multi-family is the best way to go.  If you don't believe me, just ask Grant Cardone.  If you don't know who Grant is, you need to... google him.

Best of success!

There are some good people at the Madison REIA, and I think they offer a coaching program.

Best of success!

If not investing in RE, then where?

While you are probably correct in your analysis, RE still seams the best option for many people.