ATTENTION ALL MILWAUKEE INVESTORS

[Nick Portillo]

I am gearing up to invest in duplexes, triplexes, and fourplexes in Milwaukee, Wisconsin. I am going with a buy and hold strategy and I will be investing from out-of-state because I live in Southern California... My goal is to make anywhere from $200-500 per door... I have done quite a bit of research and have narrowed down my target zip codes... Of the zip codes listed below, which ones would you take off the list? Which ones do you feel are the best?:

a.Northwest

i.53218

ii.53222

b.Northeast

i.53209

c.Inner City

i.53212

ii.53208

d.Southeast

i.53204

ii.53215

[Jack Medford]

@Nick Portillo how are you planning to buy these properties? Cash, traditional financing, something else?

If you're paying cash you can likely find the cash flow you're looking for in each of those areas, but with financing it will become harder, especially in nicer areas like 222. I primarily look in 209, 210, 215, and 218. I use these as guidelines, as there are areas of each that I wont buy in.

If you haven't already, I'd suggest checking out @Dawn Anastasi's e-book through her website www.coreprop.biz. She gives a pretty decent breakdown over the different neighborhoods of Milwaukee. I used that along with Trulia crime maps to get started with targeting the neighborhoods I'm looking for. 

Lastly, welcome to Midwest investing! I'm originally from Long Beach, so a word of caution for a fellow SoCal investor. The numbers in Milwaukee look insane! Don't go chasing cash flow into the rough neighborhoods, especially investing from out of state (unless you have an amazing local team) Personal suggestion would be to stay away from anything in 206, 208, 212, and 216. Just a general rule of thumb. There are ok areas of each, but it will be hard to determine that from the west coast. 

Best of luck!