All Forum Posts by: Stephanie Brown

Hi there,

I purchased my first rental in January and am ready to go for #2! I want to make sure I employ the right strategy. What makes sense with interest rates so high? HELOC on my primary? Refinancing doesn't feel like the right play at this point. I am a novice but a quick study. Any advice on how to drum up cash for #2 would be amazing, thank you

Can I piggyback and ask a related question?  Would you invest in a LTR in a (rural Wisconsin 1 hour from nearest 50,000 person town) town that has a declining population?  My family back home lives in a very small town (3,000) - the prices are right but there isn't much to draw people to the town.  Do the recommendations above still apply or is there an overarching rule that overrides it all?  Declining population, lack of innovative industry, etc.?

Thank you all for your thoughtful replies.  My intent, I neglected to mention, is to use it as a MFH LTR.  This feedback solidifies my thought that the seller is way off base with the list price but I will keep working at it! 

I am looking at a property that is currently advertised and used as a vacation rental.  The seller is trying to sell for 2x the Zillow Estimate based on the fact that it’s an “established bnb”.  

First time looking at a property like this but this seems off to me.  Does anyone have experience in this sort of thing? Should I be assessing the property as simply a residential property or as a business?  

Hello All!

My partner and I are targeting older fixers in our town and wanted some more info on those with lead-based paint experience.  Is it hard to solve, expensive or both?  Was it used in interiors and/or exteriors?  (as in we could have renters safely inside but be working on the paint situation outside as time permits)  Is there anything you would recommend steering clear of?  Thank you!

Thank you!  I have added a clarification to my post above. Our town generally sees 10%+ appreciation every year since it’s a very desirable school district. we would like to be able to sell each side of the duplex individually to collectively be able to sell them for much more money.  Buy, rent, rehab, sell for bug profit after 3-5 years. Hope that helps. Thank you!

Hello all,

my partner and I are new to the game and she has found a property and wants to explore being able to split a duplex into two tax lots. this does not sound in anyway advantageous to me but wanted to check with all of you as we are new to multi family homes.  Does this make any sense?

@Blake Dailey  Hi!  Total n00b here.  I am starting my due diligence and learning process for MFH and am wondering what you and others mean by the "right team"?  It is a financial partner or the larger team of CPAs, agents, lawyers, et?   Thanks!