All Forum Posts by: Tanner Federspill

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Wauwatosa.

Purchase price: $223,000
Cash invested: $8,000

Purchased for 223k but only put 8k of my own money in, I had a private investor cover the rest of the down payment and I make monthly interest payments to them as long as the money is in use. I am currently house hacking the duplex until I find my next deal.

@Shella Sanders Did people site their reasoning for not purchasing your 15k house?

I've grown up in my market here, the greater Milwaukee area, and I work for a title company so I have a pretty decent understanding of the area overall. However, I'd really like to get into the nitty gritty numbers, statistics, and marketplace trends as I'm a bit of an analytics guy. Of course I've used google and found a ton of websites and things but I'm wondering what resources and trending patterns you all have found to be exceptionally helpful when learning the ins and outs of your markets and sub-markets. 

Any insights or advice would be greatly appreciated!

@Brendon Woirhaye Thank you so much for the reply and the advice. It is scary going after that initial investment but getting this kind of foresight helps a ton.

I've spent countless hours listening to the BP podcast, reading books, and following these forums. I've put time into understanding the market and making connections through networking and my work in the title industry. I have realtors sending me the specific types of deals I'm looking for and practicing analyzing them. 

It hasn't happened yet, but when I run the numbers and feel I've found a good deal, what does it take to make an actual offer? Do I need the financing set with a lender already or can I make an offer and figure things out afterwards if it gets accepted? Also, how far into a deal can I get until I can no longer back out?