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Updated about 3 years ago on . Most recent reply

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7
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Edward Golubiievskyi
  • New to Real Estate
  • Orange County, CA
7
Votes |
7
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Finally set on starting my REI journey. Please advice

Edward Golubiievskyi
  • New to Real Estate
  • Orange County, CA
Posted

Hello BP community, my name is Edward and I am starting out my REI journey. First of all, I wanted to say thank you to all founders of BP, contributors and those who actively supports everyone who needs it. Thank YOU!

Little bit about myself. I moved to US from Europe 8 years ago and got involved into RE by working and then helping to manage Home Staging company and being part time marketing manager for local RE Agent.

I live in OC, CA and while most people say opportunities could be find anywhere, I think that going out of state is more beneficial budget wise and learning wise.

I set my goals, have a plan and currently analyzing couple of markets:

- Omaha, NE

- Cincinnati OH

- Milwaukee WI

I wanted to ask more experienced investors about following:

- Market analysis: I decided to look into 1) Population Growth 2) Median Home Price 3) Median rent 4) Price/rent ratio 5) Quality of life 6) Economic Growth 7) Affordability. Are those criteria correct? What do you look at without getting very deep into details (like crime rates, commute time etc)

Thank you for all your help and response any feedback is greatly appreciated. Edward.

Most Popular Reply

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Marcus Auerbach
#5 Innovative Strategies Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
6,466
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4,495
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Marcus Auerbach
#5 Innovative Strategies Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
Replied

The issue with Milwaukee is that most statistics, reports and articles describe the municipal area of the City of Milwaukee - about 600,000 people including the all of the  challanged neighborhoods and excluding literally every single good and great one. 

The Milwaukee metro area has 1.6 million people in 19 municipalities and including them  paints a very different picture. 

It's like using Manhatten statsistics when describing NY.

@Edward Golubiievskyi - it's not about the best city, it's about the city you know best and where you have the best team!

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