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All Forum Posts by: Justin Woodworth

Justin Woodworth has started 20 posts and replied 65 times.

Post: New member in Wisconsin

Justin Woodworth
Pro Member
Posted
  • Madison WI
  • Posts 71
  • Votes 45

@Jamie Labrec

Welcome to BP!

Post: Real Estate Investor

Justin Woodworth
Pro Member
Posted
  • Madison WI
  • Posts 71
  • Votes 45

@Peter Miller

Welcome to the club brother!

Post: RE agents in Milwaukee and Madison

Justin Woodworth
Pro Member
Posted
  • Madison WI
  • Posts 71
  • Votes 45

@Aseem Kumar

Hey Aseem! I'm located in the Madison area. Looking forward to chatting with you.

Justin

Post: First Investment Property

Justin Woodworth
Pro Member
Posted
  • Madison WI
  • Posts 71
  • Votes 45

@Kyle Hoppman

Nice, I am owner occupying one on the east side of Madison.

Welcome to BP brotha!

Post: First Investment Property

Justin Woodworth
Pro Member
Posted
  • Madison WI
  • Posts 71
  • Votes 45

@Kyle Hoppman

Thats awesome man! Where at?

Post: And yet another newbie introduces himself

Justin Woodworth
Pro Member
Posted
  • Madison WI
  • Posts 71
  • Votes 45

@Chris Wood

I have been meaning to get out to them! Life has just been getting in the way. Ill be excited to see you there!

Post: And yet another newbie introduces himself

Justin Woodworth
Pro Member
Posted
  • Madison WI
  • Posts 71
  • Votes 45

@Chris Wood

Hey Chris! Welcome to BP! I live and invest in the Madison/Sun Prairie area. I am also a Realtor. If you ever need another pair of eyes on a deal feel free to reach out!

Post: Wisconsin Newbie REI

Justin Woodworth
Pro Member
Posted
  • Madison WI
  • Posts 71
  • Votes 45

@Jean Gillon

Welcome to BP! There are a lot of great people here. I am a Realtor in Madison and am currently house hacking a duplex.

If you have any questions please feel free to reach out!

Post: Need Help Analyzing New Construction Deal

Justin Woodworth
Pro Member
Posted
  • Madison WI
  • Posts 71
  • Votes 45

@Jay M.

So your spec will sell for 510-540k. Your loan is for 337k. What is the projected cost to build the actual structure?

Post: Need Help Analyzing New Construction Deal

Justin Woodworth
Pro Member
Posted
  • Madison WI
  • Posts 71
  • Votes 45

@Jay M.

Thank you for your advice! I will continue to be doing my research. Your advice is exactly what I am looking for. I know that the 5k seems sketchy but due to the situation and this being a public forum I cannot exactly get into more detail. He is a licensed GC and insured.

I will have to see what other costs are being left off the table and I will find an independent builder to speak to.

When you say you have 15% put away, thats the oh **** money in case something goes wrong. Thats not including any money that you would be putting down on the house for the build correct? Whats your building price point that youre most familiar with?