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Updated over 6 years ago,
Madison vs Milwaukee
I am an OOS investor considering investing in Wisconsin, in part because I have a cousin who lives in Madison. I would like to build a portfolio of BRRRR properties (SFH or duplexes) in solid B class neighborhoods with good schools and low risk for longterm buy and holds with the possibility of modest future growth (home value & rents).
My questions are:
1) Which market is more conducive to the BRRRR strategy and why? (Madison or Milwaukee)
2) In the current market what numbers can one expect (PP/Rehab/ARV)?
3) What rent to price ratio can be expected after a Rehab is done?
4) Do you know an investor friendly realtor in Madison or Milwaukee?
Thanks!