All Forum Posts by: Randall Wolff

@Ryan Reynebeau

Welcome to the Cheese!

First tip: when you get up here, check out WiscoReia. They have meetings every month, and in real estate it's essential to network and expand your knowledge base. This will help.ypu with both.

Second, check out the Brrrr strategy if you haven't already. It's a different way of investing that doesn't require you to drop 20-30% down on each property you buy.

Either way, welcome to Wisconsin, we are happy to have you.

@Jean Gillon

Jeff will likely be there, and I will be too. Come up and say hi if you see either of us. If you're nervous about talking to someone there, just go up and say "Hi, I'm Jean. What do you do in real estate?" Its a great way to start a conversation.

I found a property that I feel would be good for a BRRRR property. However, the tenants in the lower unit make white trash look good, and the upper unit is behind on rent, and has the power turned off. I asked my realtor to put into the offer that the tenants would need to be out before the closing date, and he is uncomfortable with that contingency. He says it's potentially illegal. To me, I should be able to put almost anything in as a contingency, then it is up to the seller to decide if they want the hassle of complying with that contingency, and dealing with what needs to happen.

My fear is that with the power off, my inspector may miss something, and if I have to get rid of tenants, they may cause further damage before they leave. 

So am I able to put this in the offer, and what are your thoughts on this?

I'm looking for someone in the Fox Valley, WI area to learn from. I don't care what part of the business you teach, whether it's finding deals, rehabbing, financing, whatever. I'm looking to learn and help out while I do it.

I have one SFH already, and am looking to BRRRR another SFH or MFH this summer.