All Forum Posts by: Nathan Schoenborn

Rob Seetan at Brewery Credit Union!

Another avenue would be to call the owners of "For Rent" duplexes and see if they are looking to sell....they may not have even thought of that until you ask and even if they aren't personally looking to sell their property, they may know another investor/owner that is.  If you are looking for a rehab property, you could look on the city website as well for their tax foreclosure properties.

Some of the properties I purchased under 30k settled loans from 2005-2008 that were over 100k!  I purchased them through bankruptcies.  Just the possibility that the market gets back there along with the cashflow makes these a worthwhile investment for me. 

@Shane Kalepp  I share your commuting woes, I am an investor in two markets, Whitewater and Milwaukee.  I stay in Whitewater Mon-Thursday and head to Milwaukee for the weekend to manage my properties there.  Feel free to contact me if you would like to talk.  What type of job do you have currently if you don't mind me asking?(I am looking to hire an office manager for the spring/summer season)

@Robert Taylor   Thank you, that was the exact kind of answer I was looking for.  Yes, I realize the sooner I cash out, the more I pay.  What I wanted to know was, what opportunities are out there to structure it differently?  I will definitely be looking into active vs passive investing right away, thank you.

@Bob E.  You're right, I need to decide what outcome I want before decided which route to take.  Ideally, I  would just like 3(or more) sets of numbers in front of me so I can objectively review my options.  But knowing what I want will definitely make the decision MUCH easier.

Sounds like I'm kind of in the same boat as Jennifer.  I have a homeowner that wants to get rid of their house.  Now what?  Call the bank?  Who do I ask for?  For other short sales, can you bypass the homeowner and go straight to the bank and make an offer?

I am flipping a house in Milwaukee, WI and am trying to figure out the best strategy for cashing out.  From what I can gather, I have 3 options.  Sell the house right away, rent it for awhile then sell it, or do some type of lease option or rent to own.  Tax-wise, the immediate sale seems like it would be taxed the most.(but I would get the money back quicker)  Any benefits to do a rent to own over just renting?  How long should I hold it before selling?  For example purchases, I bought the house for $60k, rehab will be $25k and I plan on selling it around $120k. 

Yes, there's a lot of variation in that area, you would need to provide the block number or the actual address to receive an accurate "valuation".  There's streets that can be 50% higher just by crossing the street.  What's up?@Michael Henry