All Forum Posts by: Ryan Wessel

I am 36 years old and my wife and I are in Chicago for the weekend. Any real estate investor want to catch up for a drink and or food. I am currently working out n building a 100 unit apartment building in La crosse, WI and would love some advice. I’ll buy!! Thanks

@Greg Dickerson I agree with you but we bought the land at .50$ on the dollar. I will PM you. Thanks for your input.

I closed on 4 acres that is located in the township (no waters\sewer) but city is all around sides of the lot and multi-family is in the cities smart growth plan.  I have hired a site plan engineer to create the water plan so we can start taking some clean fill, he is also working through the annexation\developers agreement to get the water\sewer extended.  We are looking at building 3 storey of apartments and underground parking. I have started the interview process for architects but thats about as far as I have got.  Any advice from fellow BPers that have done this before would be great.  I will document my progress on this thread through the whole process.  I am an open book so once I learn I will share!  I am hoping to start building winter of 2020/2021.  Thank you

I built a small SS facility (75 unit) partially due to the fact in my market you can build them for around a 14 cap or buy them at 9 cap. Mostly because I got lucky and found an odd shaped commercial lot across from a trailer park. I have some smaller MF and my SS is way esier to manage. I had a local website company build me a site for around 10k to handle customers renting the units online so I don't meet my customers and they get setup on a monthly auto billing. I stop out when customers end their lease online to check the unit and release it back the available unit "pool." The trouble is that I am having now is finding more land to build on. Local municipalities hate SS facilities so it's a fight to get the required zoning/ conditional use permits. I am young don't have a lot of money so therefore I have no pull in our local government. I am trying to figure out a good way to investigate near by markets with out spending all the time driving around and counting locks. I'm a new realtor and I finding out most good deals are not on the multiple list for suckers MLS. Maybe that last statement was a bit harsh but that's the way I see it. Who would sell a gold mine ? Thanks for all the good info on this thread.