All Forum Posts by: William S.

@Kevin Quinn

What part on Tosa? I'm looking in East Town, Village, Medical College areas.

@Austin Fox

You can also hire someone who is very good at getting the property leased. They get all the paper work in order, find a great tenant and you take it from there. If you have a great tenant and property you shouldn't hear anything.

I do this on my duplex. Tenant is on auto-pay, effortless.

If this new tax bill goes through, are you taking your money to lower property tax states? 

I’m in Milwaukee and am already over the $10k. I have a great team here, but have never enjoyed paying the outrageous taxes here.

I've read several posts that investors are receiving unsecured LOC's. I have yet to find this.

I see several posts on people who receive LOC's (not heloc) to finance their BRRRR properties.

How are they finding funds for this? Is it personal or business line of credit.

Can someone provide a basic example on how to do this?

@Shawn Q.

Haha. I've heard this point, I somewhat understand it. However, I recently had all 4 of my units vacant for two months at the same time! All of these properties are leveraged as well. So, while I do understand the concept of scale to help with this I wouldn't recommend doing 100% leveraged. Going forward I think a mix of leverage and not is best.

@Andrew Johnson

Everything you said is correct.

1. The SFH brrrr area is a B+ neighborhood with very few rentals and in a good school district (suburb). This is where my best SFH rental is that I mentioned.
2. My A-class duplex (house hack) is in a good school district that is more of an historic area/downtown scene.

When it comes to A/B+ neighborhoods I wonder how accurate the returns are on paper vs reality (same for lower end investments).

My guess is that returns on C-class look great on paper, but actually cost money in the end.

I'd be interested to see a post on here of someone comparing the two (on paper vs reality).

@Scott Trench

It’s all about the team first, market second when out of state. The list you have is a good start.

Find the best Property Manager you can in each city,  then pick the best one overall. That is your market.

@Andrew Johnson

My two low performers SFH's were not bought with very much equity, and do not cash flow very well. It's best to sell, and use those funds to refinance out of my FHA on my primary residence (duplex A-class) into a 30-year fixed while rates are still reasonable.

I am keeping my best SFH because it's gone up $22k and cash flows the best.

So for the moment I am scaling back and becoming defensive due to my situation / market conditions.

However, going forward I think brrrrr investing would be the best approach to grow to 5 or so properties, then snowball the mortgages with all of the cash flow. Problem is, as everyone knows, its that the market has changed so much. To get a brrrr in B+ neighborhood I am not sure is possible in 2017...

@Account Closed

I agree with you about the "stories" on here. Reality is different, especially for those who have busy careers. However I am not young and saving up that cash takes a very long time.