Multifamily in Milwaukee, are folks paying rent with Covid

[Adam Frantz]

My wife and I are looking to invest in small multifamily housing in Milwaukee, WI. We are finding a lot of properties (especially duplexes), but the thought occurred to me, are tenants paying their rents with eviction moratoriums in place around the country? Would it be wise for me to wait to invest here until eviction moratoriums are gone? Is that why there are so many on the market? Thanks in advance for your responses. 

[Rebecca Knox]

@Adam Frantz before purchasing, if the unit is occupied, I ask for an estoppel to be completed if no hard copy of lease on file or lease is unclear and Addendum R plus proof of payment for the past 3-6mos. If the property is unoccupied, I don't worry about it. Probably so many on the market because the market has been hot so many investors are selling high on MLS in hopes of buying low towards the end of the year/2022---just my opinion of course and based off the buzz I hear in these REI streets :)

If you're from out of state investing here, I recommend building a strong team that you can trust and are knowledgeable with resources and how to evaluate good deals---my first calls would be to property managers. 

River West, Washington Heights and Martin Drive are still top areas. You may want to check out the radius of those areas such as Harambee or Halyard Park which is still slightly rough but competitively priced although rising....radius of Washington Heights (zip codes 53208 and 53210 are big duplex investor areas). I also like Walnut Hill and Piggsville neighborhood. For your price point, you could also possibly check out West Allis. Wikipedia defines the neighborhoods of Milwaukee https://en.wikipedia.org/wiki/...

Trulia crime map is exceptionally accurate for Milwaukee and I find Redfin Estimate to be good starting point as for some reason, it's much more accurate than other sites. 

Good luck with your REI adventures!