Milwaukee Zip Codes

[Joshua R.]

I recently relocated to Milwaukee for work and I am looking to purchase a multifamily 2-4plex in Milwaukee as my first real estate investment. I plan on using an FHA loan to finance the purchase. I am new to the area. I wanted some input on Zip Codes I should be wary of when looking for properties and neighborhood advice. I work downtown in the 53202 Zip code. In an ideal world I would like to stay close without having to put too much distance between my job and my living arrangement or sacrificing safety. However, with this being the first investment I am flexible and willing to add to my commute if it is a great deal! A flexible $250,000 is what I would be looking to spend. Any input or advice would be really appreciated. I have a deadline of October 12th to purchase my first great deal so the pressure is on!

[Joshua Malik]

Hi Joshua. I agree with Sam. Pretty much any listing you find for $250k in Milwaukee will be in at least a respectable area. I would also suggest using Trulia's crime map just to be sure. Frankly I'd be more concerned about cash flow - especially with a small FHA down payment. You have until October, though... that's a long way off. Should be plenty of time, and it's hard to go wrong when you're living in your investment property (house hacking).