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Mike Madeja
  • Chicago, IL
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Milwaukee investing?? (I live in Chicago)

Mike Madeja
  • Chicago, IL
Posted

Hello, just wondering what your thoughts are... I currently live in Chicago. A big reason why I don't want to buy a place here is the mass amount of debt Chicago and Illinois is in. I curiously looked at Milwaukee and the prices seem way cheaper although most of the multiunit housing doesn't look at great visually. Just wondering if any does remote investing like that? It's not that far from me IE I can drive up there. I've been wanting to invest for a while but the whole debt thing scares me. Especially if I have big problems and kills my cash flow.

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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied

I do!  Feel free to PM me with questions.  

Having properties in both cities I can tell you Milwaukee is much more tenant friendly, but the city is always involved with your business (not in a good way)  properties are cheaper and the rent ratios are higher, but so are the expenses.  It is a lot more work.  

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