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All Forum Posts by: Michael Doyle

Michael Doyle has started 17 posts and replied 40 times.

Post: Newbie from Southeastern Wisconsin

Michael DoylePosted
  • Waukesha WI
  • Posts 42
  • Votes 4
Originally posted by @Samantha Ruiz:

@Michael Doyle good to hear!  Are the meetings pretty much same time/same place every month, or do they rotate?  

 Yes, they are the same time and place very month. Hope to see you there

Post: 203 K for starting out

Michael DoylePosted
  • Waukesha WI
  • Posts 42
  • Votes 4

Hello all. I have been seeking ways for my wife and I to begin our own solo real estate investing. I have partners and we have bought a couple of fix and flips but I have done nothing on my own as I have been relying on my partners credit lines and experience. I still intend to continue working the partnership for sure but my wife and I recently sold our home and moved into a rental. I am sitting on the proceeds of my sale and one of the strategies my partners and I are working on is multi-families. My wife and I however would also like to transfer back into home ownership/ slash personal investing. As an example, I found a house that is going to sell in the spring and have already contacted the owner. The place is in a great neighborhood but needs a lot of work. Because I have owned 2 homes in the past, my question is would I still be eligible for a 203k rehab loan assuming we moved into the property? We then would want to refinance and use that capital to repeat the BRRRR process. Is this a reasonable scenario?

Thank you

Post: Newbie from Southeastern Wisconsin

Michael DoylePosted
  • Waukesha WI
  • Posts 42
  • Votes 4

Hello Samantha. Yes, I have been to many REIA meetings and even just did their rehab bus tour. It is an exceptional group and one all local investors should belong to in my opinion

Post: Newbie from Southeastern Wisconsin

Michael DoylePosted
  • Waukesha WI
  • Posts 42
  • Votes 4
Originally posted by @Samantha Ruiz:

@Michael Doyle Thanks! Have you been to many of the Milwaukee REIA meetings? I came across that group in my research so far but was just wondering what they were like from someone who's also somewhat new.

@Calvin Ozanick Not too far!  So far, turnkey investments are probably top 3 in addition to crowdfunding & raw land in danger of foreclosure that I'm really interested in and doing more research on.  Thanks for being a resource, I know if we do rentals we'd definitely need a property manager :) 

@Jason Graves Is investing in a syndication the same thing as crowdfunding?  I have more research to do in this area, but it is definitely HIGH on my list because of the mostly passive nature of it.  Any good books or resources you'd recommend on this topic?

@Kevin Rea Yes, I did hear back!  $75 for the entire list, but it is not broken down into different property types.  Just names, addresses, how much they are tax delinquent.  I was thinking if I went this route I'd hire a virtual assistant to narrow the list down to raw land only and then go from there.  Do you have the website for delinquent tax info?  I've found how to look up who owns the property and what the annual taxes are, but I'm not sure if it would also list delinquent taxes or if I've simply never looked up a property that had them.  Sounds like you're doing a lot of legwork though, but good for you!

@Marcus Auerbach @Jeff Cichocki Those are definitely good points, and after doing more reading since my original post I've decided to put note holding on the back burner for now. I think it would be a better outcome for me down the road once we've built up enough of our investments that we a) have more cash to fund entire properties and b) have more experience in real estate dealings in general. Do you guys feel the same way about syndication/crowdfunding investments? The mostly passive nature of it is very attractive to me. I just started reading "Alternative Financial Medicine" to learn more about it & other investment techniques. A mentor would certainly be a great asset but I also feel like I need to have a better idea of exactly which 1-2 REI techniques I'm going to start with as we begin our real estate investing journey.

Post: Newbie from Southeastern Wisconsin

Michael DoylePosted
  • Waukesha WI
  • Posts 42
  • Votes 4

@Samantha Ruiz

Welcome to the forum. Im newer here as well. Im located in Waukesha and my wife and I are transitioning into Real Estate as a primary business. Im looking to get a meet-up started in Southern Wisconsin for the purpose of networking. May I suggest joining the Milwaukee REIA if you haven't already. Happy hunting my friend

Post: Newbie from Southeastern Wisconsin

Michael DoylePosted
  • Waukesha WI
  • Posts 42
  • Votes 4

@Samantha Ruiz

Welcome to the forum. Im newer here as well. Im located in Waukesha and my wife and I are transitioning into Real Estate as a primary business. Im looking to get a meet-up started in Southern Wisconsin for the purpose of networking. May I suggest joining the Milwaukee REIA if you haven't already. Happy hunting my friend

Post: Looking for Milwaukee Meet-up

Michael DoylePosted
  • Waukesha WI
  • Posts 42
  • Votes 4
Originally posted by @Jeff Cichocki:

@Michael Doyle

Hi Michael,

IT love to meet up with you some time. I attend the Madison REIA fairly regularly and the Milwaukee REIA occasionally. Let's see if either of us will be attending one or the other in the near future.

 Hello Jeff. I would look forward to that. How long have you been investing? Would love to hear more about you my friend

Post: Looking for Milwaukee Meet-up

Michael DoylePosted
  • Waukesha WI
  • Posts 42
  • Votes 4

Hello all. I am looking to meet other southern Wisconsin investors and network. I am relatively new but have done a few flips. As a business owner I realize the importance of networking and looking to get and bring value. Thanks

Post: From teacher to 10 units in 10 months!

Michael DoylePosted
  • Waukesha WI
  • Posts 42
  • Votes 4

That is an excellent story in action taking. Inspirational!

Thank you for the clarification @Mindy Jensen