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All Forum Posts by: TJ Plotkin

TJ Plotkin has started 3 posts and replied 21 times.

Post: New Investor Looking for First Rental Property in Milwaukee

TJ PlotkinPosted
  • Rental Property Investor
  • Honolulu, HI
  • Posts 22
  • Votes 7
Originally posted by @Adam McCarthy:

I should have explained the finance section of what I was looking for more clearly I think.  I said I had 15k cash because I'm still investigating finance options and am not sure what my max loan amount will end up being with that cash in.  I figure around 100k orso with 85% LTV, but if i can get a higher LTV I will.

Post: Milw/Tosa border - how would you rank it?

TJ PlotkinPosted
  • Rental Property Investor
  • Honolulu, HI
  • Posts 22
  • Votes 7

I would have to know what the cost for heat was before figuring pricing.  depending on your system, the cost could vary quite a bit.

Post: New Investor Looking for First Rental Property in Milwaukee

TJ PlotkinPosted
  • Rental Property Investor
  • Honolulu, HI
  • Posts 22
  • Votes 7

Post: New Investor Looking for First Rental Property in Milwaukee

TJ PlotkinPosted
  • Rental Property Investor
  • Honolulu, HI
  • Posts 22
  • Votes 7
Originally posted by @Rebecca Knox:

Hi TJ, 

I come across off market rental deals often in Milwaukee. What areas your interested in and price range/cap rate criteria? 

Hi Rebecca, thanks for the reply. I have a lot of family in and am most familiar with the area in and around Greendale, Hales Corners, and Franklin, so I'd be most comfortable around there. My available cash for investment is $15k-ish, and I know that won't normally get the job done in the areas I mentioned, but I have seen opportunity in the past and believe it can be done when buying at closer to wholesale. I'd be looking for a minimum 10% cash on cash ROI and will have an agent and a property manager, so those numbers would have to be included in the figuring of the ROI. I like both SFR and MFR, but prefer MFR if all other things are equal.

If anyone sees an issue with what I've laid out here, or thinks I need to add something or broaden my criteria, please reply and let me know.  I think input from people already doing what I want to do in the area I want to do it is more valuable than any blog i can read or video I can watch.

Post: My Proudest Moment of Real Estate Investment(so far...)

TJ PlotkinPosted
  • Rental Property Investor
  • Honolulu, HI
  • Posts 22
  • Votes 7

OK, so I'm new to Real Estate Investment as a whole, having only purchased homes to be used as my primary residence, and only owning one at a time.  When I saw he notification suggesting that I share my past successes or proudest moments my first thought was "that's not me yet".  Then I thought about where in the process I am now in comparison to where I was a couple of months ago, and I'm definitely moving toward where I want to be.

As of this moment, and until I've purchased my first investment property, my proudest moment will be no **** deciding to invest in real estate.  I believe that in time I will be like many of you on BP, looking back at that moment as the start of a new chapter.  

Post: New Investor Looking for First Rental Property in Milwaukee

TJ PlotkinPosted
  • Rental Property Investor
  • Honolulu, HI
  • Posts 22
  • Votes 7
Originally posted by @Davon Lowery:

Welcome TJ and thank you for your service. 

 Thanks Davon, happy to do it.

Post: New Investor Looking for First Rental Property in Milwaukee

TJ PlotkinPosted
  • Rental Property Investor
  • Honolulu, HI
  • Posts 22
  • Votes 7

Post: New Investor Looking for First Rental Property in Milwaukee

TJ PlotkinPosted
  • Rental Property Investor
  • Honolulu, HI
  • Posts 22
  • Votes 7

Post: New Investor Looking for First Rental Property in Milwaukee

TJ PlotkinPosted
  • Rental Property Investor
  • Honolulu, HI
  • Posts 22
  • Votes 7

Good Afternoon BP!  My name is TJ Plotkin, and I'm new to real estate investment.  I'm learning more and more everyday on the site, so thank you all for your informative contributions.  I'm in the Navy and currently live in Honolulu, but am mainly interested in rental property in the Milwaukee area because that's where I call home.  

Like I said, I'm mainly interested in rentals in Milwaukee, but I'm also a soon to be agent in Hawaii and would love to work with any of you in that role, and with a partner am also looking at flipping and wholesaling on Oahu.  

Once again, thanks for all the information you've posted and the insight you've shared.  I hope to work with as many of you as I can in the future.  Cheers!

Post: New Member from Wisconsin

TJ PlotkinPosted
  • Rental Property Investor
  • Honolulu, HI
  • Posts 22
  • Votes 7

Welcome to BP Steve.  Good luck in your search.