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All Forum Posts by: Robert D Wade III

Robert D Wade III has started 4 posts and replied 14 times.

Post: Why Do You Invest in Minneapolis? (Testimonial for BP!)

Robert D Wade IIIPosted
  • New to Real Estate
  • Shell Lake, WI
  • Posts 15
  • Votes 11

@Lauren Hogan I came from a small town. (less than 1000 people small) in January I quit my job to travel I drove for doordash and slept in my car until late July. In that time I traveled to some of the largest cities in the Midwest. It’s given me an experience that has built me up and shown me the different kind of markets out there. I haven’t made my first deal yet but of the cities I’ve been to I really enjoy the twin cities area. As a doordash driver I got to really explore the areas I was in and the people. The thing that really struck me is compared to many of the cities I’ve been to the quality of life seems higher. Which in turn boosts the housing market. Most people I talk to that aren’t in the game think I’m crazy for seeing that as a plus but I see it as an opportunity. I am currently working on my RE license and I tell them, how can I be crazy commission on a $400,000 house is a lot better than on a the average $100,000 house in my current small town. Commission that I can roll into my first deal and many after that. I hope this helps. Have a wonderful day working for the company that has inspired my future!

-Robert D. Wade III

Post: I escaped my J.O.B. with Real Estate!

Robert D Wade IIIPosted
  • New to Real Estate
  • Shell Lake, WI
  • Posts 15
  • Votes 11

@Dave Poeppelmeier Thank you for the story! It was exactly what I needed this morning. I’m scheduled to walk through my first potential deal Sunday and this was just the motivation I needed to let me know that I’m not about to make a huge mistake. It’s reminded me just why I am working so hard to make it happen. Have wonderful first day on your journey up!

-Robert D. Wade III

Post: Where to start in RE investing at 16

Robert D Wade IIIPosted
  • New to Real Estate
  • Shell Lake, WI
  • Posts 15
  • Votes 11

@Eduardo Villalpando My advice would be to learn everything you can and save up money. Hang out in the forums. What I’m currently doing is listening to all of the BP podcasts. There is a lot of great information there. Also find ways to build your credit. It’s harder to do at 16 but if you can say save up for a car and use that cash as collateral against a loan it’ll help build you credit score with very little risk.

Post: Subleasing in Wisconsin

Robert D Wade IIIPosted
  • New to Real Estate
  • Shell Lake, WI
  • Posts 15
  • Votes 11

Hello to all I hope you are enjoying your day so far. I have a question about subleasing.

Currently I am staying in a 5 bed 1 bath house my rent is $500 a month and it’s just me I’ve been thinking about sub leasing the other four rooms for around $400 each. The problem that I am running into is that there is no lease between myself and the owners of the property. My question is what should I do? I was thinking of writing up a lease with a sublease clause that ups the rent by $100 per person. That would make my net after rent around $700 to cover utilities. Pleas let me know what you guys think.

Thank you,

Robert D. Wade III