All Forum Posts by: Nik Lee

@Marcus Auerbach

Thank you for your reply. What grade neighborhood are your investment property that were rented out during winter? My target area is B- to B+ neighborhood.

@Scott Schultz

Thank you so much for your response. I have not thought about a discount rate for a winter move in. But that is definitely a great idea.

Hey BP,

I am a newbie investor and had completed only one live and flip. I am now transitioning to a buy a hold method in attempt to build cashflow and wealth in attempt to find financial freedom. I live and invest in Milwaukee, Wisconsin and the winters here can get pretty cold and some years a lot of snow. My question is how much harder is it to find good tenants during the winter? I am debating to buy a property now or wait til spring.

@Jake Stuttgen

Thanks Jake for the suggestion.

Have you done any investments with hard money? If so what is your experience with it.

Without much capital I am very tempted to try hard money but don’t want the high interest rates to back fire.

Hi everyone

I am new to real estate investing and had found bigger pockets a few months ago. I have listen to a few podcasts. What I would like to accomplish is buy and holds for cashflow and eventually financial freedom.

I however do not have much cash and was wondering if anyone here do any strategies of buying a property undervalue using hard money, renovate with hard money, and then find a tenant. Eventually refinance into a traditional bank loan so the interest rate will be lower and I would be able to pay back the hard money.

Please let me know if anyone has done this and how has it work for you or if this is not a sound strategy.

Any input will be great since I’m a newbie.

@Jason C.

I’m not saying your tenant is a liar however might be able to understand the gun incident more if there is a police report. I think it’s a good idea to go to the police department to get a copy of the police report of this incident. Since it resulted in a person being shot I believe police should had done a complete investigation in interviewing multiple witnesses, ballistic projectile travel, etc. This could help you determine how you deal with your tenant issue.