All Forum Posts by: Patrick Naughton

@Andrew Postell awesome thank you. Yes I am going to have to go with a VA or FHA loan because If I went conventional the %20 would tap out my capital. I was just seeing if there was a third way to do this besides %100 privet money or a backed loan. Thank you for your information!

Hello!

If I get a privet money loan of say 30k for a property to use as a down payment will that effect how much a bank will give me on a mortgage? Has anyone used a strategy of a combination of privet and conventional that has any advice on how to do this? I am doing this because I don't want to use a FHA loan

@Martin Vehlow yes I hasn’t done enough research on those markets yet but I’m definitely going to.

@John Warren I work near the base so I’m very familiar with the housing demand that comes out of it. I haven’t thought of the opportunity for short term rentals for the graduations. That is a great idea! Thank you for the advice

@John Warren yes that would be awesome!

@Marcus Auerbach yes it does help! I’m looking for single family and possibly duplexes because I feel that is the best target for me. I appreciate the advice!

@Corina Eufinger Those where some of my thoughts as well on why I would choose Wisconsin. The Beloit is a good idea to look into, thank you!

@Marcus Auerbach those are very good points for me to think about and factor in. Thank you for the time!

@Michiko Gladman that’s all great Information! I appreciate it.

Hello everyone!

Super excited for my first post.

I am a young investor looking to buy my first property after two years or credit building and saving.

I’m looking for single family homes to house hack. Then hold as a medium- long term rental. Within 40 minutes of Waukegan.

Question number 1. My surrounding markets are both north Chicago and southern Wisconsin. Can anyone give advice if they have experience with either market? And the good arias they like?

Question number 2. Does anyone have realtors in these arias that they like working with for investors?

I know that’s a lot! Any advice is much appreciated. Done hours of research online and am just looking for some boots on the ground advice to help out a little bit more.

Stay healthy!

Pat