All Forum Posts by: Zachariah Palmer

Hi Scott,

     I am an investor in Wisconsin.  If you still have anything available let me know.

Hi Doug, 

     I have had a little experience in the Madison area with duplex's.  Are you looking to do the rehab or buy and hold?  If you are looking to flip it single family is really the way to go.  If you are looking to buy and hold in Madison you need to get a property before it hits the market.  If you have decent management and a good price in Madison there is no reason that you should have a vacant property so that tends to lower the cap rate.  Unfortunately a 8% cap is pretty good in Madison unless you have done extensive remodeling and were able to raise rents in each unit.  I am license in WI but have found that it's not usually worth it to list a rental property as there is plenty of interest without paying the commissions.      

Thx for the interest.  I will no longer be involved with these properties. 

I have two properties under contract in Rockford, IL with 17% and 20% cap rates.  Both are rented and cash-flowing with very knowledgeable management.  I was planning to buy and hold for a few years as the neighborhoods both are in currently have major rehabilitation being done.  My appraisal came back with completely irrelevant comps that very from being over a year old, to using homes that were foreclosures needing to be torn down.  That being said with the appraisal being unusable and currently in limbo for getting it re-appraised I thought I would see if anyone has interest.  Feel free to PM me for more info.