All Forum Posts by: Nicole Pettis

Arthur Banks..absolutely!! You can come join the party! I'm sure with us being so close to IL, that some would be interested in investing in that area as well. And networking is networking..so welcome aboard!

Dave Carpenter & Jonathan Orkin would you guys be open to Thursday the 29th of August? It seems more people can make it on a thursday. Same place, same time...thoughts?

Mehran Kamari I was going to propose to do this monthly or every other month, whatever works best for everyone. So if you can give me a solid date when you would be in town, we can go ahead and schedule the September one as well.

@Uwe K...Bar Louie is @ BayShore Mall in the main part. Can't miss it!

So excited!!

Dawn A., Derek Steinmetz, Evan G., Dave Carpenter, Jonathan Orkin, Mehran Kamari

Alrighty, the consensus so far is NO MONDAYS & after 6. I'm thinking Wed or maybe Thurs around 6:30 - 7, somewhere in BayShore...maybe Bar Louie's? Or is there a better place to meet.

As for date, I was thinking towards the end of the month...Aug 21st or 28th.

Also, if you guys are colleagues with other Milwaukee members, please contact them, so we can get a bigger group together.

Thank you!

Nicole P

Mehran Kamari...sounds good!

And thank you...forgot about those sub-forums.

Shawn Sorter..haha...no way! not with a toddler & two dogs. That's way too much moving:)

thank you!

Dawn A. & Derek Steinmetz Weeknights is great for me as well...how about Wednesdays? I'm thinking once a month?

Hopefully we will get some more responses this week, however Wednesday is looking good so far.

Talk to you soon!

Thank you everyone for your quick replies!

Ben Leybovich...maybe I am just a tad. 4 flips in a year is my goal, however if I only do one or two, I would be happy as well.

Chris Riggins, Thank you! My goal is to get in & out. With our future house, get the major things done by a contractor(i.e. kitchen, flooring & bathrooms) move in and then finish the rest through DIY. I will definitely be in touch if I have any questions.

Ned Carey..Yes! Absolutely! We are looking for the cheapest. Waaaay back in the day before we understood real estate, we bought at the top & lost at the bottom. Never do that again! So I am going cheap.

Baby steps...got that. I do get a little scared, because I have never done this before. I understand the 70% formula, I know how to design a house to sell & I know how to budget, but there is still that little voice of doubt in the back of my head. I guess it will slowly go away once i get one done & sold.

Shawn Sorter..kind of confused by your question. For our house to live in we will have money to put down/closing cost, just not 20%. Then to purchase the next it will depend on how much it is...I have been looking at foreclosures in the $40k - $60k price range.

Hello!

After talking to many and researching much, I feel I have decided on the strategy that I want to move forward with. However I am unsure on a few things, so please let me know your thoughts or how you would proceed.

1.) First things first, find a foreclosure that we can fix up and live in(we currently rent)

2.) After that house is finished find another foreclosure/distressed property to buy & flip

3.) My goal is to buy & flip 4 homes in a year (I know that may seem low, but both my husband & I work full time) So I don't want to take on too much.

4.) Then eventually purchase some buy & holds to rent & continue to flip

This is where it gets sticky. My sister who works for a bank & my brother who is a mortgage broker have both suggested I use the HELOC from our new house to purchase the next. However, I don't feel comfortable doing that, because if something happens with the secondary investment property, I don't want it to take our home with it as well.

I would rather just get a new loan for second property and go that route.

Suggestions? Thoughts?

Thank you!

Nicole P

Hello Everyone!

In today's newsletter Brandon put it out there that maybe we should set up a local BiggerPockets Real Estate Meetup and I thought that, that was a FABULOUS idea!

I have looked into REIA meeting times and most of the time I cannot make them, because I work full time, so this would be a great alternative.

Please let me know asap if you would be interested and what days and times work best for you and then I will figure out the when and where.

Looking forward to meeting everyone!!

Nicole

hello! Kurt Moeller! excited to have you as a part of the Milwaukee Pocketiers Gang!

Evan G. Thank you for the info! I was going to go to milwaukee REIA, but I will check out the AASEW