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All Forum Posts by: Darius Moody

Darius Moody has started 10 posts and replied 42 times.

Post: Real Estate license

Darius MoodyPosted
  • Real Estate Entrepreneur/Investor
  • Milwaukee, WI
  • Posts 44
  • Votes 15

I'm considering becoming a licensed agent, mainly for investing purposes, and possibly for the actual agent side of it. I'm wondering if any Milwaukee agents/investors can recommend an agency or brokerage that offers a quality course.   

Post: What kind of car do you drive?

Darius MoodyPosted
  • Real Estate Entrepreneur/Investor
  • Milwaukee, WI
  • Posts 44
  • Votes 15

Life is too short to be driving around a beat up old "prayer" car.

Some of you need some serious upgrades hahaa.

Post: Enjoying the fruits of your labor.

Darius MoodyPosted
  • Real Estate Entrepreneur/Investor
  • Milwaukee, WI
  • Posts 44
  • Votes 15

We all work hard, right? But, "all work and no play makes Jack a dull boy."

So my question today is, how has investing in real estate given YOU the freedom to partake in other hobbies of your interest? Or, what fun and interesting activities have you been able to do now since becoming successful in real estate?

Thanks in advance, just curious to hear how other people enjoy their lives outside of the daily grind.    

Post: 4 Unit Deal - Analysis and Advice

Darius MoodyPosted
  • Real Estate Entrepreneur/Investor
  • Milwaukee, WI
  • Posts 44
  • Votes 15

How did you get a 3.75% rate????

Post: Saved up $15K... What do I do?

Darius MoodyPosted
  • Real Estate Entrepreneur/Investor
  • Milwaukee, WI
  • Posts 44
  • Votes 15

I'm in the same boat as you my friend. Saved up a great amount and looking to dive in. I figured I'd get started in multi's first. I found that it would be a good idea to us a FHA loan to get a 4-plex, live in one unit, and rent out the rest. I figured that's the best way to start out for me. It only requires a 3.5% downpayment which is great, but you have to pay PMI, which really isn't a big deal. To me this is a great way to get started, while at the same time you can be wholesaling.

Definitely worth your consideration, this may be perfect with your 15k.  

Post: 2 Birds 1 Stone??

Darius MoodyPosted
  • Real Estate Entrepreneur/Investor
  • Milwaukee, WI
  • Posts 44
  • Votes 15

Quick question BP family,

This may be a "dumb" question to some, but I figure I'd ask anyway because I'm not exactly sure. So my question is, could I use 1 loan to buy more than one property? For example, if I got a loan for $65,000 and found 2 properties listed for $30,000, can I buy them with that one loan???

Just curious...

Post: Starting out with little capital.

Darius MoodyPosted
  • Real Estate Entrepreneur/Investor
  • Milwaukee, WI
  • Posts 44
  • Votes 15
Originally posted by @Mark Shaffar:

@Steven Scheer I was talking to a banker the other day about a play you can try. This bank was offering 15% down investor loans. On a turnkey rental in Milwaukee say you buy a 53k  rehabbed house your down payment is $8000. you have 5k so you borrow $3000 from a private lender and secure it with something other than the house like a car or boat. You should also have a maintenance reserve, but you get the point. Has anyone tried this?

That sounds like an awesome play. That would be perfect to find in Milwaukee. Currently searching..

Post: Turn-key Milwaukee

Darius MoodyPosted
  • Real Estate Entrepreneur/Investor
  • Milwaukee, WI
  • Posts 44
  • Votes 15

@Darren Budahn

That's great info. Now I just need to get MLS access in my area. But do you often find it easier to buy properties with existing tenants? Or does that create future issues?

Post: Turn-key Milwaukee

Darius MoodyPosted
  • Real Estate Entrepreneur/Investor
  • Milwaukee, WI
  • Posts 44
  • Votes 15
Originally posted by @Darren Budahn:

@Darius Moody

I can't recommend any turn-key companies in Milwaukee. However, if you want to get into the rental game in Milwaukee, you can find many of your own cash-flowing properties that need little to no work right of the MLS. I'm not sure what areas you are looking to invest in, but you can find $40,000 3/1 SFR's in C class areas that will rent for $900 all day long

Thanks @Darren Budahn, that sounds interesting. Do you have experience doing that?

Post: Turn-key Milwaukee

Darius MoodyPosted
  • Real Estate Entrepreneur/Investor
  • Milwaukee, WI
  • Posts 44
  • Votes 15

Greetings BP world,

I'm learning more and more about turnkey properties and I feel that it's a very interesting niche. I'm wondering if there are any Milwaukee area investors who have some advice on finding reputable companies, or good experiences they've had. Also bad experiences are welcome.

Thank you.