Buying Multifamily property in Milwaukee , WI
Am thinking of purchasing a multifamily duplex or 4plex in Milwaukee, WI to house hack. Per my research I realized that the prices are decent but the population in the city has been declining since the 1990's. Your suggestions will be greatly appreciated.
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There are some hot pockets in Milwaukee personally I found that a decent duplex would probably be a little over 200 K runs between 900 to 1100 a month in rent per unit but I found after a while investing on duplexes is that one usual he pays the mortgage and the other rent pays the taxes and utilities. So there’s really not a lot of cash flow unless you have a big chunk down. Personally I’ve moved up to four families they run approximately 100 K more than a duplex but you have four rents coming in and 1 property to maintain vs 2