Income Property

$179,900 2308 Manor Green Dr. Madison, WI  Look, Love, Own! Great 3 bedroom 2 bathroom 1717 SF house nestled in a low traffic tree-lined street ready for move in day! Hardwoods, updated kitchen, large lot and great patio space for your family! Don’t miss the amazing lower level bathroom shower! Close to park and school, Read More

I have a soft heart and a personality that wants to please people. However, I’ve realized that sometimes I’ve got to quit being Mr. Nice Guy. Recently, I evicted a tenant and fired a property manager in Indianapolis. This was long overdue, and now that it’s done, it’s quite a relief. Here’s the story… About Read More

Pricing a rental unit is important for real estate investors. It starts when searching for a property to purchase; the amount of rent a property can bring affects the value of the property as an investment. Even after owning a property for a while, pricing trends can change and investors will want to adjust to Read More

Last week Zillow released a new map showing the amount of negative equity across the country. Negative equity (also known as underwater or upside down) is when a person owes more on their mortgage than the value of the property. Luckily values in the Madison area didn’t fall near as much as many parts of Read More

There are a million different ways to invest in real estate; buy and hold rentals, flipping, development, wholesaling, note buying, tax liens, just to name a few. The buy and hold rentals and fix and flip type investing seems to be the most common for beginning investors though. So, I’m going to focus on the Read More

Several weeks ago I wrote about Dane County house sales increasing over last year. Well, the trend continues to grow even stronger. In the last 6 weeks the increase in properties under contract has been 86.7%!

We recently had the opportunity of working with some first time home buyers who decided to purchase an income property as a first home.  They purchased a duplex to live in one half and rent out the other half. Their goal was to own their home while at the same time making a great long Read More

I’m always trying to further my knowledge and better myself. I enjoy reading business and self-improvement type books far more than fiction. With that said, I’m not really a big reader. When I do slow down enough to sit down with a book, I usually enter into sleep mode pretty quickly.  So, I listen to Read More

On December 21, 2011 the Wisconsin state senate put into effect an act to change the landlord tenant laws. This is known as 2011 Wisconsin Act 108. This act was designed to eliminate many of the additional laws local municipalities added on top of state laws. Here are a few rules that got wiped out: Read More

Private Mortgage Insurance (PMI) is something most mortgage loan programs require unless the borrower has more than 20% equity of in the property. PMI insures the lender against default by the borrower and it generally costs 1/2 – 1% of the loan amount per year. This is incorporated into the monthly mortgage payments. Essentially, the Read More