AboutDennis Herman Expertise I can answer questions on commercial and investment property in Wisconsin. What is an addendum R? What determines the sale price of an investment property? How to locate investment property? What types of investment property is available? How to finance investment property.
Experience Experience in listing, marketing and selling commercial and investment properties. Representing buyers in purchases of commercial and investment property. Wisconsin licensed Real Estate Sales Agent.
Organizations Greater Milwaukee Realtors Association
Wisconsin Realtors Association
National Association of Realtors
Publications http://activerain.com/bloghome
Education/Credentials Wisconsin licensed Real Estate Sales Agent
Wisconsin Real Estate Continuing Education
I never owned property before. I just have been using master card for over 15 years. I know I have good credit because I was never negligent on paying my bills or my monthly rent checks, and I never had any debt problems because I am a money saver. I do not know my credit score, for I never applied to purchase any house or property before. I think my score is fine. The U.S. Department of Defense had to check my credit in order to grant me my security clearance, which I was qualified to receive. If I buy something, I will be first time property buyer. At this time I am working overseas. I do not know when I am going back to the states because it is up to the company that I work for, but I can have up to 2 weeks vacation time every year, so I can make a trip for one week or two to visit every year.
I am 33 years old single financial security seeker, who likes to plan to build a solid financial future before starting a family. I want to transform some old limiting patterns and choose new and more creative options. When I return to America, I will be going back to my mother's house located in Michigan. Before or after my arrival to the states, I will need to embark on something different to start moving forward and get settled. I will need to do something that can provide me with stable income, but I do not feel comfortable to buy property. My mother bought a ranch house 15 years ago for $144,000. She spent another $12,000 for basement remodeling and she was trying to sell this house for the past 8 years, but she still cannot get any buyers even after reducing her original price to $120 thousand; however, if my project can generate nice profit, I might consider doing one of the following ideas:
Renting or buying a ranch house and finding some roommates who can help me with expenses, or getting a duplex home and living in first floor while putting other tenants upstairs, so I can receive monthly rent from them, or buying a property and putting it under section 8, or condo, or motel, or apartment building, or any other idea that can guarantee a successful and stable monthly income flow. I also like to invest in real estate and stock market, but I do not have any experience in all of these projects.
Is there will be a big difference whether I start the project next year versus if I start it 2 or 3 or 5 years from now? Is the difference advantage or disadvantage? I do not have a specific area in mind, but I will need an area where it can help me generate profit as soon as this project is ready for work. Please send me any ideas you may have, so we can think together to produce good results.
Thanks for being a volunteer to help.
Answer We may have already seen the bottom on the Real Estate Market. Prices have been on the rise for the 2nd quarter of 2009 in Wisconsin. It may be a modest rise but the decline seemed to have stopped.
This may be the best time to invest.
Get in touch with w qualified local Real Estate Agent and ask them about local Land Lord training classes. Before investing in rental property remember, a lot of veterans have lost everything on this market. If you are renting a 4 family and everyone stops paying for 3 months, do you have enough in reserve to pay your bills? This can be a tough business.
A safer method of investment may be to find an under valued single family home, buy it and watch the value rise. If you buy at the proper time you may see a good return. Try to find a good deal in a neighborhood with few if any foreclosures. No matter when you sell you will find yourself competing against the lowest prices in the neighborhood.
Finding a good stock may be easier. Look into some alternative energy stocks and pray the US passes the energy bill. You may also want to keep an eye on GM, or what ever they are called now. See if it hits 25 cents a share again. Check out AFSE which is at an all time low for months but could benefit from a clean air bill. They have a method of making ethanol out of municipal garbage. Don't stick all your eggs in one basket.
