All Forum Posts by: Michael Doyle

I am considering investing capital on Deal Machine. My intentions as a new investor is to do a lot of driving for dollars and mailers. Deal Machine seems pretty easy to use but is it effective? Is this a wise investment early on my my real estate business?

@Michael Doyle

Rereading this it doesn’t really seem like a question 😁

I’m looking for help analyzing my market and curious if there is anyone here from the area?

Hello all. Ive been on this site for a few weeks and am reaching out for help. I have renters that need a location and want me to buy and rent for them. I am looking for small multi unit (Duplex, Townhouse, Triplex, 4Plex) in Waukesha WI

This is for a non-profit organization we do volunteer work for and I am extremely motivated to buy. I have been on Realtor.com and have a agent looking for us as well. Any help or insight would be appreciated. Waukesha is my home town

@Adanna Davis

Where is this located in Milwaukee?

Hello Adanna. I am looking in the Southern Wisconsin area. If any more deals pop up please keep me in mind

@Jaysen Medhurst Thats what I was hoping for. I will meet with some lenders in the upcoming days and get this going. I am probably leaning toward house hacking early next summer. My business partners and I did a couple of flips last year and that went ok but want to get into the cashflow and appreciation arena strongly

@Luciana W. Thank you for your input. We have already sold our house in July.

@Jaysen 

@Jaysen Medhurst I appreciate your input. We are looking for a duplex up to a four family which I believe is not considered commercial. Would this re-fi still work?

Good morning investors. I am pretty new on the forums here and feel slightly timid about bringing my situation public however I am more concerned about getting on the path to financial freedom, so here is my situation.

I own a contracting company that does between 2 and 5 million of revenue annually. I have been involved in this industry 30 years now and an owner for 6. The business is certainly the "rat-race" and I am ready to start transitioning away from it. I am sure I have another 1-3 years working in the business but have started a real estate business. My issue is in 2018 we had a very tough year with management turnover and staff. This led to low revenues and high overhead. The good news is I was able to write off a ton and my tax liability was nil however, the downside is I showed very low income after all was said and done. I have been a very good earner for years prior and our situation is not nearly as bad in real life as it is on paper. That leads me into our dilemna. My wife and I decided to sell our home and take the equity so we could invest with good capital. We moved into a rental and want to start out next year at the end of our lease by purchasing a small multi-family and live there for a year or two. We certainly have the capital to start looking for properties and have been active in our REIA but we have this last year of low income statements. I am looking for options to overcome this including creative financing but know that if we carry out the BRRRR method we are going to need to refinance. What tips can the forum provide to help overcome this obstacle? I look forward to any interaction and I look forward to a prosperous business in real estate. Thank you

Michael

Hello all. I am a relatively new investor.  I have been working in a partnership that has only had two deals to date. After spending a lot of money for real estate classes and mentoring with Elite Legacy, we were turned on to REIBlackbook. Does anyone here have experience with that platform? We are definitely paying a lot but it seems it does a lot. I am interested in Podio from what I have heard here and researched