All Forum Posts by: Kevin Gracyalny

Hey Jay,

Thank you for the input you've made on the post. This was helpful, but I wanted to ask your opinion on the banks term of needing their approval before we can get any loans with other organizations. That would be a term to avoid agreeing to, correct?

That is with the goal of growing at a faster rate than this bank is comfortable lending on

Also- what would you counter back with?

Thank you sir

I just got a property from a Sherriff Sale. What are the next steps in the closing process for one of these? Property is vacant. My thought is to bring it to a title company to run their search on it. Along with that do I need to go to the bank that had the previous mortgage to arrange the next steps? I am grateful to any help and direction more experienced investors can offer. Thank you!

If you can get enough rent to cover all expenses including vacancy and long term repairs I would. The upside is future cashflow with increased rents and building more equity every month from the tenant. The only thing that would make a difference is if you can reinvest your profit from a sale at higher returns than you would get from keeping it. If it were me I'd keep it and start to build the portfolio. Good luck with whatever you decide!

Hi Mike,

First off, thank you for your service! I live in Green Bay and travel quite a bit for work currently but am home from time to time. I will be investing mostly in the greater Green Bay and Fox Valley areas. I would love to connect when you do come back to Manitowoc. Have a great day, my friend!

Kevin