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All Forum Posts by: Michael Madden

Michael Madden has started 6 posts and replied 26 times.

i'm actually selling a few of my properties right now. I have a few duplexes that you might be interested in. Let me know if you'd like to take a look. Have a great day.

Post: Wisconsin hard money lender

Michael MaddenPosted
  • Investor
  • Muskego, WI
  • Posts 31
  • Votes 7

5 points and 15%. 

Unless you can find a private money lender. But those usually require an established relationship. 

Post: Legal Documents to make Tenant Sign?

Michael MaddenPosted
  • Investor
  • Muskego, WI
  • Posts 31
  • Votes 7

Wisconsin legal blank is great. One that I use specifically now is the smoke detector form. It puts them on the hook if they remove the battery and something happens. 

Post: Not quite a wholesale

Michael MaddenPosted
  • Investor
  • Muskego, WI
  • Posts 31
  • Votes 7

I've put people in a closing statement for finders fee. 

I've also given envelopes in the parking lot after a closing. 

Shoot me some deals and we can work it out. 

Post: Unpaid water bill by tenant in SF. Milwaukee WI

Michael MaddenPosted
  • Investor
  • Muskego, WI
  • Posts 31
  • Votes 7

So I have a tenant that did not pay the water bill when the move. It's over $800. It's in there a new law on the books that holds tenants accountable for their water bill?

Post: Milwaukee Property Managers

Michael MaddenPosted
  • Investor
  • Muskego, WI
  • Posts 31
  • Votes 7

what area are these places?

I've got most south and southwest of Milwaukee. 

I'm selling a few if interested. 

I'm venturing into a completely different business. 

I've got a 3 unit that could use some sprucing and a remodel of 1 unit. 

Rents are 625/600/400

I'd sell it for 80k. 

Southside of Milwaukee. 

Post: Newbie focused on multifamily buy and hold in Milwaukee

Michael MaddenPosted
  • Investor
  • Muskego, WI
  • Posts 31
  • Votes 7

good morning, I possibly I'm wholesaling some properties in Bayview area of millwaukee . Bayview is considered a B+ area in my book very very hot market right now. Let me know if you would be interested. 

Post: How can you fund a wholesale deal?

Michael MaddenPosted
  • Investor
  • Muskego, WI
  • Posts 31
  • Votes 7

I've used Scott for deals. 

5 points and 15%. He will also lend the rehab money. 

Better have conventional lending setup once rehabbed. The interest adds up fast. 

Post: First look program for girlfriend

Michael MaddenPosted
  • Investor
  • Muskego, WI
  • Posts 31
  • Votes 7

yes. Deal closed. Renovated and she's looking at furniture.