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All Forum Posts by: Anthony ORourke

Anthony ORourke has started 2 posts and replied 5 times.

Post: Hello Madison! What area make sense.

Anthony ORourkePosted
  • Mount Horeb, WI
  • Posts 5
  • Votes 2
Hi Chris,

Thank you for the offer.  It is very generous.  I think I would prefer going at my first investment a bit closer to home.  Not only for a bit more control but also to gain some knowledge about being a landlord.  Thank you though.

Originally posted by @Chris Heeren:

I have a 3 bedroom house that I would be willing to sell for around $40,000 in Beloit if there weren't Realtor commissions involved. It was bought at a sheriff's auction and have been debating if I should sell it this month or rent it out. I'd be willing to fix everything up, satisfy the DIHLR stipulation and even have my property manager get a solid tenant in place for a few dollars more :)  I highly suggest looking in the Janesville/Beloit area, I'd also recommend a property manager if you are further than a 30 minute drive, they are well worth the $50/mo.

Post: Hello Madison! What area make sense.

Anthony ORourkePosted
  • Mount Horeb, WI
  • Posts 5
  • Votes 2

I would love to start with a duplex or more to start but I think that is pretty tall dreams to start.  I am looking at more single family.  I would like to stick within 30-45 minutes of Mount Horeb if possible.  I am not sure how comfortable I would be if I have to travel a ways (expecially during reno).   I will have to also will have to come up with help for financing as well.  I hope that helps.

Post: Hello Madison! What area make sense.

Anthony ORourkePosted
  • Mount Horeb, WI
  • Posts 5
  • Votes 2

Greetings.  My name is Tony and I am brand new to the BP community.  

I am looking to invest in my first rental property in the next few months.  My first property I would like to look at would be no more then 50k.  I know I can't reach that near Madison but if I expand out a bit there are opportunities for properties.  What have other folks experienced?  I am also curious of how far people are willing to travel to rental properties if they do not have a property manager.  Any info would be greatly appreciated!  Thank you!

Thank you so much for the warm welcome.  Much appreciated! 

My name is Tony.  I am an IT professional from the Madison, WI area.  I am interested in rental properties.  I have helped with my brother in law's rental properties do renovations and I would like to start doing this for myself and my family.