All Forum Posts by: Wendy Busa

Looking for referral for a qualified home inspector that would inspect a home in Columbia county Wisconsin, which is right outside of Dane county.

Thanks.

New investor looking to get a duplex. I have been looking for about 8 months. Just starting to get a better understanding of how to  analyze deals with the help of the Bigger pockets rental calculator. 

I have read that in this current market if you get a property to cash flow for $100 per unit that is the norm. Also, watching the webinars I understand that 90% of deals are not deals.

Most of the properties I have seen are ancient, built around 1900. Maintenance and lack of insulation for a property of this age scares me, but these seem to cash flow better.

I have come across a duplex that is built in 1955, all brick, but if my numbers are correct, it will only cash flow for about $250 total per month. Using only 5% maintenance, 5% vacancy, 10% CapEx, 8% management, plus additional for insurance.

When analyzing a deal should I be looking beyond the cash flow????

Thank you in advance, this community is of investors are wonderful.

New to investing. Looking to put together a team. I am looking for rental property, duplex,  outside of Madison Wisconsin. Can any one recommend a good property manager and a CPA?

Thanks,

Wendy

I am a new investor in Madison Wisconsin. I am looking to perhaps get a duplex, outside of Madison, that would cash flow. My concern is that it seems finding a property that cash flows is hard in this market. As I use the Bigger pockets rental calculator, figuring expenses, I was wondering do most landlords carry landlord insurance, should I be including this in my expenses?

I contacted an insurance company that is recommended by the local REIA, explained that I was interested in said property and just needed a ballpark figure to see if it would cash flow. I was quote a price $1500-$1700, for a 3900' , 1950's duplex selling for $300,000. The insurance agent stated since I just needed a ballpark, we could discuss at a later date what this would cover.

I understand that insurance is an evil necessity, but including that really makes most properties in a negative cash flow. Do most landlords carry landlord insurance?

Thanks.

Thanks 

New to investing. Trying to analyze rental properties for cash flow. It just dawned on me that not only do I need to figure in homeowners insurance but I should I be adding in landlord insurance to my expenses?

Also spoke with a local Insurance company that was recommended by the REIA. Just to get a very broad ballpark asked for a quote on a 3800 square-foot duplex, and the ballpark was about $1500-$1700, it was built on 1950.

I know there are a lot of variables that go into figuring out what the insurance would be based on the property specifics, but when you’re doing a quick analyze how do Calculate how much you should put in for landlord insurance without getting quotes for every single property? Thank you

Does anyone have a recommendation for an insurance company in Wisconsin that offers landlord insurance?

Wow, what a concept, being nice and honest. :}That makes a lot of sense. I should have thought of that since it is the creed I like to live by.

I was just concerned, since in my marketing, I mention, no need for worrying about having to deal with having an open house or showings. I'm Trying to make it as easy on the seller as possible.

Thanks.

How does a wholesaler show the property to a buyer? So let's say I have an assignable and I want to put a contingency in so that I can show the property to prospective buyers, how does this work? Even with earnest money down, I can not imagine the homeowner will just turn over the keys. Maybe I am over thinking this, but how is this handled?

Thank you.

Thanks Lake. That is what I am concerned about , buying a property with out seeing it myself. Did you purchase it remotely and just relied upon a home inspector?