All Forum Posts by: Scott Rogers

Hello all,

We have to replace the HVAC in our Madison, WI duplex units (2).  Estimates range from $7k - $15,000 per door.  

Has anyone here used someone they like and is reasonable?  Reeves HVAC seems to be a good choice but I would love to get some references.

Thank you

Best of luck to you.  I only have 4 doors at the moment but always looking to expand my network of like-minded people in the area.  Rentals, Crypto, CCG, Options, Investing, FIRE.

Scott

Welcome @Blyce Clake.  I and other fox valley investors would be interested in anything you can put together in the fox valley.  Appleton, Neenah, Kimberly and South Green Bay are where I am looking.  

I wish you luck but I would consider looking for at least a part time W2 job to subsidize wholesaling until you can prove it out or get some traction.

Scott

Welcome to BP @Evan Koehler. Check out the Appleton REIA, it's a great group of people that are always willing to help.

https://www.wiscoreia.com/

Reach out if you need anything.

Even before the COVID-19 scare a lot of restaurants were creating "kitchen only" spaces for delivery only.  I myself haven't latched onto this model yet, another set of hands touching my food isn't that attractive to me.  (Yet)

The next 6-12 months will be fascinating.  I think it's easy to see that more companies will move towards having at least a partial remote workforce.  Technology has been given the chance to prove itself and passed with flying colors.  More brick and mortal buildings go vacant as gyms, offices and restaurants close for good.  Thus opening up more real estate for residential development and putting pressure on home/rental prices?   I do however see people upgrading their primary residence to now include a home gym, dedicated office space and home theater room..

It's a lot like gasoline prices.  Retailers are pretty quick to raise prices on the way up but slow to move on the way down. Banks/Mortgage companies are backlogged with Refinances and PPP applications so I would not expect any traction soon.

I would be interested in hearing what they have to say. I am of the same mind set. I have been able to keep my IRA safe and even made a small profit in the downturn so I am looking to withdraw some of it now for REI purposes if possible. I have had to make some rental concessions and obviously my ability to acquire additional cash flowing properties has been hampered. But I am not sure that would qualify as a COVID-19 impact by definition and how much of a withdrawal would be justified.

I have not bought anything recently.  My current thinking is to make some lower offers backing up my offers with the uncertainty of rents and the market going forward.  Not expecting to land a deal now but if things do get worse the sellers might have my offer on file and re-consider it.

I was hopeful this post wouldn't turn into another Civil Liberties dispute, but it has.  I understand both sides but it really getting old.