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Updated almost 5 years ago on . Most recent reply

User Stats

68
Posts
36
Votes
Chyniece Cox
  • Lender
  • Milwaukee, WI
36
Votes |
68
Posts

Investing in Wisconsin

Chyniece Cox
  • Lender
  • Milwaukee, WI
Posted

All investors in Wisconsin area,

How has the market been? And what city do you like investing in the most? And why?

Looking forward to hearing from you all!

Most Popular Reply

User Stats

113
Posts
144
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Matt Maurice
  • Property Manager
  • Milwaukee, WI
144
Votes |
113
Posts
Matt Maurice
  • Property Manager
  • Milwaukee, WI
Replied

If someone has ample free time to go back and look through posts about Denver or other cities that have seen a huge growth boom in the last 30 years they can validate the claim I'm about to make...  or maybe @Scott Trench feels like chiming in with his analysis.

Local's of every entry-point market will always be the first ones to say stuff is overpriced, you can't cash flow (anymore) and the next market downturn while wipe everyone out. I'm positive you will find locals from Denver in the '90s, '00s, and '10s that said the exact same thing. Yet, the market has risen and despite the local's expectations on COC returns, the newbies faired extremely well.

Now, of course, that being said... I don't recommend investing with no money down, or in a poor starting financial position.  Every house built on a poor foundation will fail eventually.  

I know most about Milwaukee in regards to REI in Wisconsin, but @Jack Medford can tell you all about the Madison area that's been exploding for years.  

Milwaukee is sitting on some of the most affordable housing in the country, is adjacent to one of the largest freshwater lakes in the world, has entertainment & food that rivals every major metro, it's sports teams bat way above average for a small market which attracts hundreds of thousands if not millions of people here annually, economic development has been happening at a level unprecedented since the '50s (we are breaking ground on the world's largest mass timber building in June), has a tech ecosystem on the ground floor of attracting major talents with partners from the fortune 500 companies in town... this run-on sentence has gone a bit too long, I'll stop here.

If you are looking for the days of the 2% deal, they are over.  If you are looking for a market that could "Denver" over the next 20-30 years, look no further.

My 2 cents.

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