All Forum Posts by: Kyle Haskell

Thanks Dustin this is great info. I don't have many details other than it's 11 acres with a future road through planned. 

I am interested in purchasing some raw land that is zoned residential.  If I were to partner with a developer to build houses to sell, how would you structure a deal? A percentage of every builds profit upon selling?

Can anyone recommend a good tax advisor in the green bay / Appleton area for someone running a business and looking to invest in real estate? Looking for someone to actually help with planning and work with closely. 

Quote from @Dan Dahlke:

I invest in central Wisconsin in a small town (Wautoma) that is not really growing and the cash flow for us is worth it. In my opinion I think you should absolutely hold onto them. IF there's equity in both, you might have the option to cash out refi (if the loan and rates make sense), still cash flow but have the money in hand to continue to invest. Obviously depends on the numbers and how they work out. Are you currently in Wisconsin area or moving in from out of state?

 Currently in two rivers WI. I refinanced my house in 2020 at a low rate on a 10 year so I wouldn't want to do another on my house maybe on hers though.  Do you have trouble finding renters in such a small town? I worry about vacancy. Currently leaning toward selling my home and using the money to buy in green bay but we might try to rent out her house. 

Thanks for the response. ROE should be pretty good on both for a few years yet about 10% and 15%. My main concerns are lack of appreciation and it being a small town.  Can I ask why you say we may have to sell before getting married? 

My girlfriend and I are moving to green bay.  We both own homes in a small town where the population is not growing.  We both have a lot of equity built up in our homes and have low monthly payments. I don't expect much appreciation but we could cash flow nicely if we find renters. Do we cash out now and buy rentals in green bay or hold for the cash flow?