*Disclaimer: There are no guarantees of return on investment as there are some risks involved with all investments.Exit Strategies/ How To Repay Private Investors Principal:Refinance or sell the property and cash out.Another option is to exchange the first Private Investors mortgage position with a second Private Investor.In the unlikely scenario one of these options are not available, Private Investors will receive an additional 4% rate of return until one of the options listed above is available.Examples and Financials Examples of a 2, 8, and 50 unit property are located towards the end of this Business Plan.The (5) five year financial information is found at the end of this Business Plan.Business Legal Structure Legal StructureBetter Way Properties, LLC is a Limited Liability Company established in Wisconsin.Additional LLC’s will be created as necessary ensuring there are no more than (2) two properties per LLC to help protect assets and limit risk.Ownership/ManagementPrincipal MembersJohann Kleisch – 50% Member & ManagerCarolyn Kleisch – 50% Member & Secretary The Kleisch’s have been together over seventeen years.They live in Evansville Wisconsin with four of their five children and look forward to continuing their journey of Real Estate Investing together.Mr.

Monthly income of 20k, (which is 30% lower than comparable properties in the area) monthly expenses, including mortgage and insurance are 16,800 assuming a 10% vacancy rate, 15% repairs and maintenance and 15% towards cap ex. which are all very conservative estimates as the property is in great condition and has been well maintained and all units are filled with multi-year leasing well established businesses.

If you really really want to buy an apartment in New York City the first thing you should do is to go to a Mortgage originator and go to FTC.gov and download your free credit report and bring that with youYour past credit history is not the biggest problem; what is the biggest problem is that you are aggressive in building new referencesThe fastest way to build a stronger credit report is to do what's called "bank round robin"Take $1000 and go to bank one like Bank of New York, and talk to the manager and say that youd like to build a credit rating and get a mortgage within 12 monthsTheyll give you a secured loan with your thousand; then you take that thousand and go to bank to like Wells FargoTell the bank manager the same thing, that you want to pledge that thousand as a secured CD or savings account and get a  $1000 loanThese are called installment loans and now your job is to double up on payments on both loansSo it say your payments $80 a month with each loan or 160 for both of them every monthYou then make four payments every month and they'll be paid off in six monthsAt the end of six months you have 2 open accounts with two banks on installment loans, and paid as agreed with zero balancesYou may want to take one of those credit cards and establish credit at Macy's or other department stores with no more than two of them; Buy something and pay it off right away or keep a small balance because credit utilization rate is an important factor; this means keeping a 30 to 40% balance and even though it cost interest get you more points on your FICO scoreYour length of job in the same industry, you length of residency in the same place, and how you pay your bills on time will build a credit rating faster than anythingFYI I do lease-option assignments where I help the tenant buyers get mortgagesThis plan works faster than anythingGood luck

I intend to purchase more properties within the next year to establish my portfolio and then to continue to add to it over time.

hi sawyer. you are in a tough spot with the little money down. deals are out there, but with that little down, the deals will be few. let me give you a couple of ideas. first, lets state that the saying " it takes money to make money" is very true. you need money. if you don't have much cash yourself, then you need to use OPM, other peoples money. this usually requires a bank and a loan. take that $500 and put it into an account. after a month, go to that bank and ask for a $500 loan, and use the account as collateral. take the borrowed $500 and start an account with another bank. repeat the process as often as you can. at some point, use the last $500 to pay off the first $500 loan, and repeat that process. the reason being is because you are establishing good credit with several banks. pretty soon, you will be able to borrow money from these banks in larger amounts and with no collateral, thus resulting in using other peoples money. 2nd idea: a few years ago, the feds put a limit on the number of foreclosed houses banks could put back out onto the market. they did this because the flood of foreclosed houses was killing the housing market. so the bank was left with a lot of houses they literally could not put back on the market. so, they had to decide if the cost of being forced to hold onto some of the houses for an indefinite period of time was worth it or not. the ones that were not worth it, they just "dropped" off their books. they do this by just filing a " release of lien" or a " release of mortgage" with the county register of deeds. this does 2 things. one, the bank no longer has any claim to the house, and therefore, no liability either. and it also puts the ownership of that house back into the hands of the previous owner. most of these owners do not know this happened because the letter the bank sends out to them goes to the last known address the bank has for them, which is often the house that was foreclosed on, and the owner no longer lives there. you have to find the owner and by the house from them. most often, they do not want it anymore. you may be able to get these places for your $500. beware, quite often these houses have years of back taxes owed on them so do your research. ask the tax authority if you can make a payment agreement with them on the house BEFORE you buy it from the owner. use the back taxes issue as a ploy to get the owner to sell the house to you cheap. this takes time to find a house like this. i have been doing real estate investing for many years now and i have only bought 2 houses this way, but its worth the shot. i bought one like this for $2000 on a tuesday and sold it on thursday for $10,000. good luck to you.

So I am here to really begin the process with learning everything there is to know about real estate, starting a business, establishing my condo as a rental, etc.I'm excited to be apart of this community and I hope I get to meet a lot of like minded people!

And in general, it a challenge to get someone to pull over on the side of the road to your establishment unless you are a national brand. 

I am re-establishing  myself in real estate and I am looking to network and hopefully build some lasting relationships.

Cracks can become established from settling which is normal for older houses.  

I have a few contractors that I would like to establish a working relationship with and had them do some bids for the roof and a fence.