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Updated 5 months ago on . Most recent reply

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Taylor Kendrick
  • New to Real Estate
10
Votes |
17
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Thanks for having me!

Taylor Kendrick
  • New to Real Estate
Posted

Hey all,

Soon I'll be closing on my father's old house that I inherited and I want to get back into the market with some rental properties. Been lurking here for a while and constantly felt like I was learning something new. I'm excited to be here and continue that journey. 

I'm 34M with a full-time job and my long-term goal is to be at the point where I don't need that job at all. My hope is to scale and grow wisely but proactively as I march toward that reality. Markets I'm interested in are the Chicago suburbs, Milwaukee suburbs, Las Vegas, and eventually Los Angeles when money permits. Remote ownership will be my primary play as I want to keep living in SoCal. 

Anyway, thanks for having me. Looking forward to learning from all of you. 

Most Popular Reply

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4,506
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Marcus Auerbach
#5 Market Trends & Data Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
6,481
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4,506
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Marcus Auerbach
#5 Market Trends & Data Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
Replied

I am a fan of the suburbs and in particular renting to families with kids. Once the kids are enrolled in the school district they tend to stay and are very stable. We still have a few properties in nice parts of Milwaukee proper, but most of them are in the suburbs (and non-MPS school districts). 

Investing in residential properties is not really rocket science. While you never stop learning, you don't need to know that much to get started. The last years have been tough to find deals, but it is getting a little easier now and I talk about numbers on my YouTube channel: we have seen more inventory in the market in September than at any time in the last four years. That helps with competition, but don't expect discounts - prices are still up 8.3% YoY.

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