All Forum Posts by: Dennis S. Gelbart

 Well Said Marcus.!!!

Do not blow your money quickly. Slowly slowly. Review all deals. Speak to other investors. Get three different opinions minimum. Orlando and Fl. In general are very tough. Start out very small and acquire a single family home or duplex. Not for cash. Put some credit in the deal to build YOUR credit.  SPeak to your banker, Call mortgage brokers. Be careful to tell them you have SOME money  but not millions.

 The BP analysis calculator is a good way to start and learn. If you would like to talk (do not worry I will NOT ask for money) 

Contact me if interested. If this is a fake... Its sounds good. If not. Good luck 

This is a good explanation, but it really depends on the credit scores of you and the Milwaukee partner. FYI... I was up in Milwaukee 10 days ago looking. You also may want to find a bank in the area of Milwaukee.  I live about an hour and 15 minutes away. Maybe I can help you... ( I am not looking for any many or payback.) Dennis Gelbart 

my guess is 6k per month????

I looked at KC for multifamily. Many overpriced and not any true value... be careful. There are a lot of one bedrooms that are priced in the two bedroom range. I stopped searching there for lack of finding anything reasonable.

Please prove me wrong....

best book to read on negotiations is "never split the difference " by Chris voss. Great techiniques. Its a lot of work but worth it.

sounds like a lot of panels. How much electricity is it producing?  The way it works is, you either lease it from the solar company or buy it. See if you can "sell" it back to the solar company and lease it. I have them on my home and I lease it. Costs me 105 dollars a month for the lease and my electric bill is for infrastructure of 14 dollars a month. The summer is great. Around October it starts to break even. In the winter ( I am in Chicago) the bill is about 40 dollars a month. I can explain what I see at my home if you are interested. 

Dennis 

Interest rates do matter if the income is not covering expenses as well as borrowing costs.

dennis 

Set your interest rate a 7.5 which makes most deals not work. Then, put expenses with yearly increases of at least 5% with Insurance and taxes higher. I say taxes 6% and insurance which is schedule to jump significantly 10%

 I am waiting for a crash and then our team will jump 

Good Luck 

Dennis 

I am looking to be involved in a RE mastermind. If you are interested lets hook up and get a small virtual group going. I am located in the Chicago area. 

Thank you and looking forward...

Dennis Gelbart