All Forum Posts by: Philip Doetsch

Thanks everyone, super helpful!

Doesn’t anyone have any suggestions on where to get reasonably priced (new or used) appliances? I’m close to needing a new stove and microwave for one of my units and was wondering if there’s a better option than just going to Best Buy.  My property is in Kenosha. 

Hello BP Community!

I’m in the process of closing on my first duplex in the Kenosha area and have been researching property managers. Any solid recommendations? While this is my first in Kenosha, I’m planning on annual acquisitions in the area.

@Mitch Ferraro I really appreciate the suggestions Mitch. I’ll be sure to get involved with the groups and will be in touch.

@Richard Davis III thanks Richard!

@Corina Eufinger Thanks Corina. I have a long time horizon but also am always looking to build equity faster. I’ll keep this in mind and will be in touch

@Rebecca Knox. Great to know thanks Rebecca!

@Abel Sanchez

Hi Abel, I believe you can buy real estate within an IRA without paying penalty's or taxes. Therefore, you should be able to rollover from 401k to an IRA the amount you need. I am not a tax expert and pretty new to this so I would take this idea to an expert if you want to learn further.

Good Morning Everyone. I'm a brand new investor looking to get started in the Kenosha market. I live in Lake Bluff, IL about 15 miles south of the IL/WI border so don't have a lot of contacts on the Wi side. I'd love some suggestions on networking groups, as well as some references on lenders and realtors in the area. I am looking to start with a SFH or Duplex with plans to scale up.

Thanks!

Hello Everybody, My name is Phil Doetsch, I live in Lake Bluff, IL about 30 miles north of Chicago. I work in finance and have developed an interest in building a portfolio of rental properties over time. I am currently in the education phase, reading a ton, listening to podcasts and starting to develop my network. I am looking to start with a property for around 100k, which will most likely be a single family home and over time scale up to duplexes, multifamily etc. Hoping to buy my first property by this coming fall, just want to make sure I've done my homework. I am targeting SE Wisconsin, so towns such as Kenosha, Racine and Milwaukee. This seems to fall more in my budget, has some solid potential with the businesses that are moving there, and less of a mess than Illinois. However, I am not against looking at properties in Chicagoland. I am close to the IL/WI border so I figured I'd take advantage of that. I am very excited about getting started. Any feedback on my target market, groups I should look into or other resources to educate myself would be greatly appreciated!