Learning about investing in Milwaukee area

[Tim Tauer]

Hello everyone!

I am new to BP and find it amazing how many people on here are so willing to help others. I've been doing quite a bit of research recently about investing in real estate. As you all know, there is A LOT to get familiar with.  

As of now I have a very rough plan (more of an idea based on what I know thus far) and am interested in what some of you may think.  My plan is to buy my first property as a duplex in the Milwaukee area for under 100k and either owner occupy or rent out both spaces. It would be something that has great cash flow so that I can use my traditional income, as well as income from the duplex, to save for 20% down on another. Rinse and repeat until the cash flow from my properties is enough to replace my traditional income.

I believe Milwaukee is unique in that it may be one of the few places this is possible to do. I'm curious what you think. Is this realistic? What are some key things to look for in duplexes in the Milwaukee area? What are your best ways to determine if a duplex will be a solid cash flow investment? Also, any general advice or personal outreach would be welcome! 

Thank you

[Shawn Ackerman]

@Tim Tauer Milwaukee is a great market to invest.  I began my rental portfolio in this market and don't intend to move elsewhere for the foreseeable future.  And this comes from a person who lives in NY so you clearly have the competitive advantage.  Be well my friend and grow your dreams into a reality.