All Forum Posts by: Vincent Rinaldo

Good evening,

Happy holidays to everyone! 

My wife Heidi and I are looking for people in the greater Madison Wisconsin area to learn from.  We are both willing to do the grunt work.  Right now our focus is learning the wholesale side of the business and possibly co-wholesaling with an experienced investor. 

Some experience we have: 

- Over the last two years we have listened to dozens of podcasts. We Also just finished reading for the second time Anson Young’s book - “Finding and Funding Great Deals”

- Currently owner occupy a duplex in Barneveld, WI 

- Than Merrill’s book “ The Real Estate Wholesaling Bible. 

- Paid cash for 5 acres vacant land in Wisconsin Dells (long term buy and hold) 

 -Familiar with listsource.com , local tax records website, and have a list of driving for dollars leads.

Looking forward to the New Year! 

Investment Info:

Other buy & hold investment.

Purchase price: $32,500
Cash invested: $32,500

5 acre vacant land in subdivision. Buy and hold in an area with huge growth potential with tourists, Water park Capital of the World!

What made you interested in investing in this type of deal?

Close to huge tourist attractions in central Wisconsin; Wisconsin Dells, Wisconsin River.

How did you find this deal and how did you negotiate it?

Zillow, Agent.

How did you finance this deal?

Cash

How did you add value to the deal?

Planted trees, Blueberry bushes

What was the outcome?

buy and hold, hedge against inflation. Rural land with potential for good growth with expanding tourist area.

Lessons learned? Challenges?

When working with builders have several backup options.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

NA

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $312,000
Cash invested: $75,000

First multi-family house hack deal, 6 bed 3 bath unit with two attached garages.

What made you interested in investing in this type of deal?

Ability to house hack and live close to Madison, Wi.

How did you find this deal and how did you negotiate it?

MLS, Agent

How did you finance this deal?

Conventional, 30 year, 20% down

How did you add value to the deal?

remodeled one half myself, floors, paint, yard work, Plan to do a budget friendly kitchen remodel in 2023.

What was the outcome?

so far great house hack allowing my wife and I to save money for next deal.

Lessons learned? Challenges?

Screen, background check existing tenants extensively before accepting all terms.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes Bill Hays out of Baraboo Remax!