Seeking Advice on BRRR and other REI Opportunites
Hi all,
Seeking advice on BRRR (preferred) and other REI opportunities in Milwaukee. We have performed a preliminary market analysis but would appreciate any and all advice on the current market from those currently involved. Any current roadblocks including time-to rehab permits being issued, local landlord laws/trends, property tax to rent YoY trends, etc.
In addition looking to connect with investor friendly:
1. Property Managers
2. Real Estate Agents
3. out-of-state friendly Lenders
4. Contractors
Thanks in advance for any insight.
Hi Daniel, we work in the WI market. I would be happy to have a conversation with you! I've worked with a ton of investors on flips & BRRR's
-
Lender
- 413-348-8346
- http://freecapfunding.com
- [email protected]
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
- San Diego, CA
- 339
- Votes |
- 626
- Posts
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
- San Diego, CA
I have found that it is best to first look for investor-friendly real estate agents in your area. You can find some through the agent finder. They will often have referrals to the other 3 of your core four.
Other comment is spot on. Find an agent and they can get you referrals to the other contacts.
Also, show them that you've done your research first. To each of your questions about rehab permit concerns, local landlord laws, property tax to rent, etc. Let people know what research you've already done and ask for validation and additional insights.
Everyone wants to do business with someone who's got skin in the game. Skin in the game doesn't just mean money, it means the time you've invested in research and education. For example, property taxes are available to the public. The Milwaukee Mill Rate for 2023 was $26.07 per $1,000 of assessed value (2.6%). How does that compare to the other markets you are considering? Rent is available via Rent-o-meter, zillow, etc.
What did your preliminary market analysis show? What specific questions are you looking to confirm? The more general a question, the more general the response.
Sharing a candid response to fast track your success. All the best!