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Stoughton Rental Opportunity with Rock Realty · Ask The Experts

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Speaker 1: Hey thirty nine thirteen ten w ib A Madison in
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Speaker 1: the morning and ask the experts, joined this morning by
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Speaker 1: the crew at Rock real Team Matt Heipman in studio
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Speaker 1: with us this morning. You can learn more online Rock
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Speaker 1: Wisconsin dot com. That's Rock r O c K Wisconsin
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Speaker 1: dot Com. Telephone number six oh eight six seven three
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Speaker 1: fifty four hundred. That's six oh eight six seven three
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Speaker 1: six fifty four hundred, six seven three fifty four hundred.
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Speaker 1: And Matt, I said, said you're in studio, but I said,
0:26
Speaker 1: we got the crew from Rockrealty this morning because we've
0:29
Speaker 1: got a guest along, don't we.
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Speaker 2: Yeah, I'm gonna introduce everybody today to Max Mulhern, one
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Speaker 2: of the top producing agents over at Rockrealty. Thought everybody,
0:38
Speaker 2: I'd like to meet him.
0:39
Speaker 1: Matt Nice, Max, Nice to see Yeah, that'll that'll be
0:42
Speaker 1: a fun one. Yes, Max, Matt, Max, Matt, Matt, Matt,
0:45
Speaker 1: meet Max. Good to see you both. And before we
0:47
Speaker 1: get rolling, and we're going to talk about got a
0:49
Speaker 1: great featured listening from Max this morning. We've also got
0:53
Speaker 1: got some really important stuff to get to on this
0:55
Speaker 1: week's program. But first and foremost, uh, we're just talking
0:58
Speaker 1: a little chit chat before we came on the air
1:00
Speaker 1: this morning, and one of the things Matt you pointed
1:03
Speaker 1: out was, oh, my goodness, it's a really and I
1:06
Speaker 1: know this time of year as we kind of get
1:08
Speaker 1: in and add towards the new year, gets a little colder.
1:11
Speaker 1: People like bears like the slow down a little bit.
1:14
Speaker 1: If you are willing to warm up and get moving.
1:17
Speaker 1: What a great time it is to be buying? Is Oh?
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Speaker 2: It is? It really is. And you know, I have
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Speaker 2: to say, and I've probably mentioned this before, but every
1:23
Speaker 2: single time I've bought a house, it's usually been between
1:25
Speaker 2: the October and January timeframe, just because there's just not
1:29
Speaker 2: a lot of buyer competition for you. So the listings
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Speaker 2: that are out there that are in good condition or
1:34
Speaker 2: the right house, it's a very good opportunity right now.
1:38
Speaker 1: What's interesting about to me about that as well, about
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Speaker 1: as you mentioned your personal experience and for others, is
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Speaker 1: it's it's when you when you're buying a house, you're
1:48
Speaker 1: really buying generally long term. You're thinking, you know, maybe
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Speaker 1: twenty thirty, forty, maybe it's a lifetime purchase. What's a
1:56
Speaker 1: couple of days stepping out of your car and the cold,
1:59
Speaker 1: if you can get the the best options available to
2:01
Speaker 1: you in the best houses available to you. I mean,
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Speaker 1: it's not something you're you're ever going to regret, which
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Speaker 1: is buying at the right time. Yeah.
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Speaker 2: Absolutely, Yeah, brave the cold and enjoy it in the summer.
2:11
Speaker 1: As mentioned, we've got Max malhern and studio with a
2:14
Speaker 1: swell real estate agent with Rock Realty and Max. You
2:17
Speaker 1: and I also had a chance to get caught up
2:18
Speaker 1: a little bit before before the start of the show.
2:21
Speaker 1: And you've been with Rock Realty a couple of years now,
2:23
Speaker 1: haven't you.
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Speaker 3: Yeah, it's been about two and a half.
2:25
Speaker 1: Years for somebody that that makes that decision to get
2:29
Speaker 1: into real estate. What for you was kind of that
2:31
Speaker 1: that motivator? What made you think, you know what, I'd
2:33
Speaker 1: love to love to get in the real estate business.
2:36
Speaker 1: It's a really good question.
2:37
Speaker 3: I think I have. I have multiple family members that
2:39
Speaker 3: are in real estate. I think they kind of set
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Speaker 3: out the guidelines for me and said, hey, you should
2:43
Speaker 3: maybe give this a shot, and uh, yeah, I guess
2:47
Speaker 3: once I started, I never looked back.
2:48
Speaker 1: And that's awesome. Yeah, you're you're a gym guy, which
2:52
Speaker 1: I which I'd love to hear as somebody who aspires
2:55
Speaker 1: one day to be that type of person that takes
2:57
Speaker 1: a bit of motivation. What drives you to do that?
3:00
Speaker 1: You go to the gym quite frequently, don't you.
3:02
Speaker 3: Yeah, they're roughly maybe five six days a week, cooking,
3:05
Speaker 3: eating as healthy as possible.
3:06
Speaker 2: It takes up a lot of my time.
3:08
Speaker 3: And yeah, you know, as far as a drive, I think,
3:11
Speaker 3: you know, I've been doing it for so long. It
3:13
Speaker 3: just comes down to discippline at this point. You know,
3:17
Speaker 3: you do something for so long and it kind of
3:18
Speaker 3: feels unnatural to not do it after a certain point,
3:20
Speaker 3: you know what I mean.
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Speaker 1: You ever, you ever have a house that you're that
3:23
Speaker 1: you're showing or that's that's listed that you go, Guys
3:26
Speaker 1: like you go, gosh, it's a perfect place to put
3:27
Speaker 1: a gym at home.
3:29
Speaker 3: Yeah, yeah, so there's always thought about that.
3:31
Speaker 1: There's yeah, do you have a gym at your own house? No?
3:33
Speaker 2: I don't, I don't.
3:34
Speaker 1: I know a guy that you might want to talk to, Matt,
3:37
Speaker 1: can probably find you a place, perfect pace for that
3:40
Speaker 1: workout room. And and the other cool thing is you
3:43
Speaker 1: and I were talking a bit Max before the show
3:45
Speaker 1: is travel you are you love to travel, and there's
3:49
Speaker 1: one particular place, and I hope people pay attention to
3:51
Speaker 1: this this place because it is a fantastic gem. Let's
3:55
Speaker 1: talk about kind of your ideal vacation spot.
3:57
Speaker 3: Yeah, so I've been to I've been to actually a
4:00
Speaker 3: lot of different countries roughly like somewhere between fifteen and
4:02
Speaker 3: twenty wow, but Croatia. Croatia is definitely at the top
4:06
Speaker 3: of that list. It's got a mixture of pretty much
4:08
Speaker 3: everything that you could ever possibly want. Good food, great people,
4:13
Speaker 3: and just an all around good time.
4:15
Speaker 1: Good economy. And it's also for folks that that it's
4:18
Speaker 1: it's it's for people that don't know what's just across
4:20
Speaker 1: the sea from from Italy and you get the great
4:23
Speaker 1: Mediterranean weather and the beautiful beaches and the beautiful everything.
4:27
Speaker 1: We'll leave it at that. It's a really it's very
4:30
Speaker 1: jealous that you've that you've done so much traveling at
4:33
Speaker 1: a chance to do that. Let's let's talk then about
4:35
Speaker 1: kind of applying. You know, now we kind of know
4:36
Speaker 1: a little bit about your lifestyle. What what got you
4:38
Speaker 1: interested in coming to Rock Realty? What what do you
4:41
Speaker 1: like about working there?
4:43
Speaker 3: You know, I think I think Rock strives for a
4:45
Speaker 3: great deal of professionalism, but I think we also know
4:48
Speaker 3: how to have a good time, you know, whether that's
4:51
Speaker 3: getting together for work events, or cultivating small work parties,
4:54
Speaker 3: or you know, even having holiday parties. It's it calls
4:57
Speaker 3: for great food and even better people. And I think
4:59
Speaker 3: it's import and have that balance. Most people, from an
5:02
Speaker 3: outside perspective assume the agents live a pretty stiff life.
5:05
Speaker 3: I think we're a good representation of the opposite of that.
5:08
Speaker 3: It's important to be able to look back on your
5:10
Speaker 3: day and not only reflect, but also have a good
5:12
Speaker 3: laugh about it. You know, there's only so much you
5:14
Speaker 3: can control as an agent, and it's easy to let.
5:16
Speaker 1: That get to your head. That's it's it's cool to
5:18
Speaker 1: see and and here, and it's thinking of cool to see. Matt.
5:21
Speaker 1: I noticed something when you came in. You guys are butts.
5:23
Speaker 1: This is something I've noticed quite a bit of is
5:26
Speaker 1: with the folks at Rock Realty. You really do have
5:28
Speaker 1: like you guys are all our are our friend I mean,
5:31
Speaker 1: you're you're all very We.
5:33
Speaker 2: Enjoy each other's company, which is who knew co workers can.
5:37
Speaker 1: Imagine what that is? That is I mean, is that intent?
5:39
Speaker 1: I mean when you're when you obviously as as as
5:42
Speaker 1: the owner of Rock Realty and putting this team together.
5:45
Speaker 1: Is that kind of part of it? Is that is
5:47
Speaker 1: that office chemistry?
5:48
Speaker 2: Yeah, I think a huge part of culture. I mean,
5:51
Speaker 2: you can you can choose to work at any number
5:54
Speaker 2: of places, right, but you have to enjoy it. You
5:57
Speaker 2: have to enjoy the people. You have to have kind
6:00
Speaker 2: of the same values everybody. Uh, you know, looking out
6:04
Speaker 2: for the clients, but also people that are like, treat
6:08
Speaker 2: everybody right, yeah, you know, treat their coworkers right, treat
6:11
Speaker 2: other agents in the transaction right. And uh, you know
6:15
Speaker 2: that culture does tend to weed out the ones that
6:18
Speaker 2: don't fit right, and and so we're left with just
6:21
Speaker 2: some amazing agents. And I'm super proud of the group
6:24
Speaker 2: we have.
6:25
Speaker 1: It's really it's it's been cool. And for folks that
6:27
Speaker 1: haven't had a chance to see what I could see
6:28
Speaker 1: each and every week firsthand, is it is it's really
6:31
Speaker 1: cool to see the relationships internally and how it it
6:34
Speaker 1: then extends then to working with clients, whether you're a
6:37
Speaker 1: home buyer or you're listing or doing a little bit
6:40
Speaker 1: of both. That that type of camaraderie and that that
6:42
Speaker 1: type of really strong relationship runs throughout Rock Realty and
6:46
Speaker 1: you can learn more online the website Rock Wisconsin dot com.
6:49
Speaker 1: That's Rock R O c K Wisconsin dot com. Telph
6:52
Speaker 1: number six O eight six seven three fifty four hundred.
6:54
Speaker 1: That's six O eight six seven three fifty four hundred.
6:57
Speaker 1: I drive through stoat In each and every day. Now
6:59
Speaker 1: I could choose to bypass Stoughton, take the interstate, but
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Speaker 1: instead I take take Highway fifty one and one thirty
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Speaker 1: eight right through the heart of Stoton. Why, it's a
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Speaker 1: beautiful community. It is a really I've got a great downtown,
7:11
Speaker 1: They've got a great lot of really great things going
7:13
Speaker 1: for them, and it's one of those very desirable communities.
7:16
Speaker 1: And Max, this week, your You're featured listing is a
7:20
Speaker 1: house right in Stone, a beautiful house right right in
7:24
Speaker 1: that kind of the heart area of Stolton. Let's talk
7:26
Speaker 1: a little bit about this, this house on South Street.
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Speaker 3: Yeah, so it's it's already tenant occupied, so it'd be
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Speaker 3: a great opportunity to start your real estate portfolio. Like
7:35
Speaker 3: you said, it's in the heart of Stoughton, with with
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Speaker 3: tenants that have actually occupied it for years, so it
7:40
Speaker 3: could be a great starter for anyone that's looking to
7:42
Speaker 3: get involved in the industry or you know, explore your
7:46
Speaker 3: real estate investing opportunities.
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Speaker 1: It's interesting when you when you mentioned the opportunities of
7:51
Speaker 1: you know, getting into real estate, and I know a
7:53
Speaker 1: lot of people right now are are saying, you know,
7:56
Speaker 1: where where do I fit, Like, where's kind of that
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Speaker 1: on ramp to to to being successful or where's that
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Speaker 1: on ramp for maybe a type of investment that requires
8:06
Speaker 1: maybe you don't have to know everything about. There's great
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Speaker 1: management companies out there as well that you can hire.
8:11
Speaker 1: Something like this in a community like Stoughton is a
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Speaker 1: huge has a ton of potential for the right person.
8:17
Speaker 1: It also is is you know, you say, well, what
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Speaker 1: if my tenants decide they don't you know, they don't
8:22
Speaker 1: want to rent anymore, they want to become buyers. That's awesome,
8:25
Speaker 1: desirable community. You'll obviously have people lined up. But the
8:27
Speaker 1: other thing you could do potentially with something like this
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Speaker 1: is multi generational. I know a lot of a lot
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Speaker 1: of families are moving this way where they're saying, you know,
8:34
Speaker 1: mom and dad, the grandma and grandpa, rather than having
8:36
Speaker 1: them go to go to a home elsewhere why don't
8:39
Speaker 1: we find a way to have a perfect property where
8:43
Speaker 1: it can accommodate the family and the extended family in
8:47
Speaker 1: peace and harmony and this and you would know better
8:50
Speaker 1: than Imax, this looks like the perfect place for doing
8:52
Speaker 1: something like that as well. Yeah, no, I could not
8:55
Speaker 1: agree more.
8:56
Speaker 3: You know, realistically, at the end of the day, there's
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Speaker 3: always gonna be people that are looking to rent, and
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Speaker 3: there's always gonna be people that are looking to buy,
9:03
Speaker 3: you know, and if you can be one of those
9:05
Speaker 3: people that are willing to buy and potentially create some
9:08
Speaker 3: generational wealth for not only you but the rest of
9:10
Speaker 3: your family, I think I think it's equally as important.
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Speaker 2: It's always This one definitely piqued my interest. I mean,
9:15
Speaker 2: when we first purchased in two thousand and three, it
9:18
Speaker 2: was in Stoughton, and it was a duplex and this
9:21
Speaker 2: is an over under duplex, Is that right, Max? That's right?
9:24
Speaker 2: So you know what it offers there. It offered our
9:27
Speaker 2: family a ton of flexibility, So we moved into one side,
9:31
Speaker 2: so essentially you could move into the lower level or
9:33
Speaker 2: the upper level, rent out the other side, and it
9:35
Speaker 2: was some of the cheapest living for you know, for
9:38
Speaker 2: owning a property because they're paying for at least half
9:40
Speaker 2: your mortgage usually. And I've been surprised over the year
9:43
Speaker 2: because I've had a number of rental properties in Stoughton
9:45
Speaker 2: just you know the rent there's always renters. It's just
9:49
Speaker 2: you know, it's in Dane County, you know, and you
9:51
Speaker 2: know the rental market everywhere is really strong right now.
9:54
Speaker 2: So for people that either want to own or occupy,
9:56
Speaker 2: or actually get into investments for the first time and
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Speaker 2: not just quick mentioned the address here at six oh
10:01
Speaker 2: eight South Street and Stoton and it's listed for three
10:04
Speaker 2: hundred and forty thousand dollars and it's got both a
10:07
Speaker 2: two better man and one better unit.
10:09
Speaker 1: Oh perfect.
10:10
Speaker 3: The seller is incredibly motivated.
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Speaker 1: Oh well, then you better. Today's day pickup phone Max,
10:15
Speaker 1: what's the best number for folks that are looking to
10:17
Speaker 1: maybe set up a showing and take a look at
10:19
Speaker 1: the talk get more questions? What's good number to reach
10:21
Speaker 1: you at?
10:21
Speaker 3: Best number for me it would be six year eight
10:24
Speaker 3: five zero nine three eight zero seven. And that's six
10:26
Speaker 3: year eight five zero nine three eight zero seven.
10:29
Speaker 1: Thirty eight oh seven five zero nine thirty eight oh seven.
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Speaker 1: That's from Max Malhern of course, with Rock Realty. Speak
10:34
Speaker 1: of Rock Realty. You can learn more of their website
10:36
Speaker 1: Rock Wisconsin dot com. That's Rock roc k Wisconsin dot com.
10:40
Speaker 1: Check out this week's featured listing right at six oh
10:42
Speaker 1: eight South Street in Stoton. Again, if you want to
10:45
Speaker 1: get a viewing, get a showing what a great opportunity
10:47
Speaker 1: it is for you. Maybe you're looking to buy that
10:50
Speaker 1: buy that rental property, or maybe you're looking to live
10:53
Speaker 1: in the in the property and rent have or you're saying,
10:55
Speaker 1: you know what, I've have a number of investments and
10:57
Speaker 1: this sounds like just another great one for the portfolio.
11:00
Speaker 1: A phone, give Max call six O eight five zero
11:02
Speaker 1: nine thirty nine oh seven. That's thirty nine five zero
11:05
Speaker 1: nine thirty nine oh seven. The website of Rock Wisconsin
11:07
Speaker 1: dot com. That's Rock r Ock Wisconsin dot com. We'll
11:10
Speaker 1: continue our conversation with Matt and Max. We will do
11:13
Speaker 1: that next as Ask the Experts with Rockrealty continues right
11:16
Speaker 1: here on thirteen ten wu I b I thirteen ten
11:20
Speaker 1: wu I B A and ask the experts hanging out
11:22
Speaker 1: with Matt Heiman and Max Halhern Malhern excuse me too
11:26
Speaker 1: many ms h's all that stuff. Of course they come
11:28
Speaker 1: to this from Rockrealty. Other website Rock Wisconsin dot com.
11:32
Speaker 1: That's Rock RCK Wisconsin dot com. I mentioned the website
11:36
Speaker 1: happened mentioned downloading the app. If you've got an iPhone
11:39
Speaker 1: or you got one of those androids, just head on
11:41
Speaker 1: over to MLS dot Rocks backslash app and you can
11:44
Speaker 1: download the app for Rockrealty again, that's MLS dot Rocks
11:48
Speaker 1: backslash app. And of course the website Rock Wisconsin dot
11:52
Speaker 1: com that's r O c K Wisconsin dot com. And Max.
11:55
Speaker 1: One of the things I love getting that opportunity each
11:57
Speaker 1: week and ever so often to get to chain talk
12:00
Speaker 1: with agents is get some of the stories and some
12:02
Speaker 1: of the insights of what it's like to be a
12:04
Speaker 1: real estate agent. And I know memories are created every day.
12:09
Speaker 1: The families and the folks that you get a chance
12:11
Speaker 1: to work with. What a great experience that is to
12:14
Speaker 1: see them whether it's their first home or whether it's
12:17
Speaker 1: their fifth home, or whether it's even an investment property.
12:20
Speaker 1: Being part of that process and hearing about some of
12:22
Speaker 1: the experience. Let's talk about one of the more memorable
12:25
Speaker 1: experiences you've had, Max with clients.
12:27
Speaker 3: Yeah, I mean as far as one specific one. It's
12:30
Speaker 3: hard to say, but I guess put it into a hole. It's,
12:34
Speaker 3: you know, any transaction that ends up being a smooth
12:36
Speaker 3: experience as the one that every agent drives for. As
12:39
Speaker 3: I said before, you know, you can only control so much,
12:41
Speaker 3: and it's easy to let that get to your head.
12:43
Speaker 3: So memorable experience has come with relationships you build with
12:45
Speaker 3: a client. I've had so many occasions where I connect
12:49
Speaker 3: so well with a client that we actually end up
12:50
Speaker 3: befriending each.
12:51
Speaker 2: Other outside of their work life.
12:53
Speaker 3: So it's experiences like these that make it worthwhile and
12:58
Speaker 3: truly fun.
12:59
Speaker 1: What about some of the channel so we think about it.
13:02
Speaker 1: I think we all have these visions of that perfect
13:04
Speaker 1: closing day and everything went fantastic. There are and part
13:08
Speaker 1: of why folks should be working with a good agent
13:11
Speaker 1: is challenges will come your way. It's part of it's
13:15
Speaker 1: just part of the part of the deal is they
13:17
Speaker 1: are going to happen. You work with a great agent.
13:19
Speaker 1: That's what they're there for, to help you overcome challenges.
13:21
Speaker 1: Let's see some of those. Let's talk about some of those,
13:23
Speaker 1: Max and a challenge or two that you've experienced and
13:26
Speaker 1: kind of how that all worked out.
13:28
Speaker 3: Yeah, you know, when you're first starting out, things are
13:30
Speaker 3: things are a bit slow. But I think the biggest
13:32
Speaker 3: challenge for me now being two and a half years
13:34
Speaker 3: into it is probably learning how to oversee multiple deals
13:37
Speaker 3: at once. So throughout any given transaction, you can find
13:40
Speaker 3: yourself speaking to maybe four or five people throughout, you know,
13:43
Speaker 3: throughout the transaction, make sure it goes smooth, and then
13:46
Speaker 3: you multiply that by six or seven and then the
13:48
Speaker 3: next thing, you know, your day gets completely filled up
13:50
Speaker 3: with drafting emails, making phone calls, as sorting documents essentially
13:54
Speaker 3: just really put in your memory to the test. But
13:58
Speaker 3: finding ways to automate these processes have been super important
14:01
Speaker 3: to me and my success as an agent.
14:04
Speaker 1: I want to ask Matt two about that. I know
14:06
Speaker 1: one of the things with Rock Realty is providing tools.
14:08
Speaker 1: As we talk about, you know, a good agent is
14:11
Speaker 1: going to be busy. I mean, that's that's that's that's
14:14
Speaker 1: a sign of a great agent is somebody that's got
14:16
Speaker 1: that's got a lot going on. And I think one
14:18
Speaker 1: of the great things about Rock Realty is you guys
14:21
Speaker 1: work and part of part of at your core is
14:24
Speaker 1: finding ways to work more efficiently, not just for the agents,
14:28
Speaker 1: but for home buyers, think about things like the website,
14:30
Speaker 1: the app and other things to really make that process
14:32
Speaker 1: go as smooth as possible and really make it user friendly.
14:36
Speaker 2: Yeah yeah, I mean we've obviously spoken often about the
14:40
Speaker 2: public facing tech that we offer, right, but you know,
14:44
Speaker 2: on the backside, the agents have their own set of
14:46
Speaker 2: different softwares and tech that they use. And you know,
14:49
Speaker 2: it's a to Max's point, if you've got one closing,
14:53
Speaker 2: you've probably got five or six other clients in the
14:56
Speaker 2: hopper in your pipeline that you're you're also working with, right,
14:59
Speaker 2: So so to be a successful agent, you've got to
15:02
Speaker 2: be working with you know, twenty thirty forty people you
15:04
Speaker 2: know clients wise, right, and every transaction is title company,
15:09
Speaker 2: you know, a lender, you know the other agent in
15:12
Speaker 2: the transaction. So we put together things like, you know,
15:16
Speaker 2: a CRM that you can take all your notes to
15:20
Speaker 2: make sure that you know you're putting down everything it's
15:22
Speaker 2: important for that client, and then you know it's available
15:24
Speaker 2: on your phone in an app, and then you know,
15:27
Speaker 2: we've got the ability to be on the go and
15:30
Speaker 2: drafting offers from their phone, having them electronically signed. You know,
15:33
Speaker 2: while they're while they're on lunch somewhere, So it definitely helps.
15:36
Speaker 1: It's amazing with what you're able to do. I remember,
15:39
Speaker 1: and it was we didn't buy all that long ago,
15:40
Speaker 1: but I remember Fax machines.
15:42
Speaker 2: Were still probably had. I've got a yellow printed sheets
15:47
Speaker 2: where you could pull it apart in.
15:48
Speaker 1: The little carbon copy literal car. People like what is
15:51
Speaker 1: carbon copy? The kids these days ago? There was a
15:53
Speaker 1: time where we separate those pages. Max. I want to
15:57
Speaker 1: ask too about about your experience. You were talking about
16:00
Speaker 1: the relationships that develop in the closeness when it comes
16:03
Speaker 1: to working with your clients. And I've got a guess too,
16:06
Speaker 1: for for you or any agent, word of mouth as
16:08
Speaker 1: we as as as we get these experiences, reminding people
16:12
Speaker 1: that if you've had a great experience, tell your friends,
16:14
Speaker 1: and I know you probably get a lot of clients
16:17
Speaker 1: from previous clients, a lot of folks that have said,
16:20
Speaker 1: I worked with with Max at Rock Realty. Uh, this
16:23
Speaker 1: is the guy you should you should contact. That's that's
16:25
Speaker 1: a huge benefit too, isn't it.
16:27
Speaker 3: Yeah, that's one of the greatest things you can ever
16:29
Speaker 3: receive as an agent, you know, is when you have
16:32
Speaker 3: such a good transaction it's it's so smooth that they
16:34
Speaker 3: end up preferring you to their friends and family and
16:38
Speaker 3: ultimately creating a you know, a great environment for for
16:41
Speaker 3: you and your clients.
16:42
Speaker 1: And yeah, and kind of bringing it back back around
16:46
Speaker 1: to this week's featured listing and Matt, one of the
16:48
Speaker 1: things you had mentioned was, uh, first purchase you ever
16:51
Speaker 1: made was was a duplex. And I know right now
16:54
Speaker 1: there's a as as you know, you talked with younger
16:56
Speaker 1: folks and people that are looking to get into home ownership.
17:00
Speaker 1: They say there's a lot of and there's always been,
17:02
Speaker 1: but there's right now there are some challenges for folks.
17:04
Speaker 1: There's you know, how values are there. One of the
17:07
Speaker 1: things that I think more people need to explore, especially
17:10
Speaker 1: people with first time hob buyers. Are places just like
17:14
Speaker 1: this that are that are offer not only are you
17:18
Speaker 1: owning a home, but you've got an investment opportunity for
17:21
Speaker 1: a few years. You could move on from that house
17:23
Speaker 1: or keep it double. Yeah.
17:25
Speaker 2: I would say like this offers so many benefits and
17:27
Speaker 2: people just don't know to look at the multi family
17:30
Speaker 2: option number one. If it's anything usually four units are below.
17:34
Speaker 2: You can just get a normal residential loan if you're
17:36
Speaker 2: going to occupy it, you don't need some sort of
17:38
Speaker 2: commercial financing, right, so you can go in and you're
17:42
Speaker 2: essentially getting an investment property for an extremely low down payment.
17:46
Speaker 2: Number two is any existing income that you're receiving from rent.
17:50
Speaker 2: And obviously I'm not a lender, but last I checked,
17:53
Speaker 2: you could actually claim seventy five percent of the incoming
17:56
Speaker 2: rent as your income, which helps your dead to income ratio,
18:00
Speaker 2: which helps you get approved for a higher amount. I
18:02
Speaker 2: know that we got approve for thirty or forty percent
18:04
Speaker 2: more when we bought that duplex than we would have
18:06
Speaker 2: if we had bought a single family home.
18:08
Speaker 1: That is amazing. And we look at this one here
18:10
Speaker 1: at six o' eight South Street. The prices is outstanding.
18:15
Speaker 1: We talk about and the fact that there are there
18:17
Speaker 1: are renters, there are current tenants right there, so you've
18:20
Speaker 1: got income right, good to go in again. As bad
18:23
Speaker 1: as you pointed out earlier, especially you look at the
18:25
Speaker 1: stodent area, there is no shortage of people lining up
18:29
Speaker 1: for an opportunity to say.
18:30
Speaker 2: I get messages all the time, do you have any
18:32
Speaker 2: apartments available now?
18:33
Speaker 1: Yeah? So check that out. It's that's six o' eight
18:35
Speaker 1: South Street again. The list price is amazing. They're in
18:39
Speaker 1: forty thousand again. You can get more details online Rock
18:42
Speaker 1: Wisconsin dot com. That's Rock Rock Wisconsin dot com. Or
18:45
Speaker 1: pick up phone. Give Max the call telephone number six
18:47
Speaker 1: oh eight five zero nine thirty nine oh seven. That's
18:51
Speaker 1: five zero nine three nine zero seven website Rock Wisconsin
18:54
Speaker 1: dot com. That's our Ock Wisconsin dot com. A telephon
18:57
Speaker 1: omer for the office for Rockrealty six oh eight sixty
18:59
Speaker 1: seven three fifty four hundred. That's sixty seven three fifty
19:02
Speaker 1: four hundred, Matt Max. Great to see both of you guys.
19:04
Speaker 1: Have a fantastic day.
19:05
Speaker 2: Thanks Sean, you too, take care.
19:07
Speaker 1: Thank you, Sure Max, Dan o'donald he comes your way
19:09
Speaker 1: next year on thirteen ten Wy.