New Investor creating opportunity

[Daniel Monk]

Hello BP!

I'm a newbie from CA driven to build wealth through multifamily rentals. I have become obsessed with BP, everything I have been reading/hearing makes too much sense. Thank you for all of the great content, I'm excited to finally participate and meet some amazing people.

I'm looking to meet:

• Lenders
• Agents
• Contractors 
• All in Milwaukee, WI

Our Criteria:

• Multi-Family Rentals (duplex,tri,quad to start)
• Strategy: BRRRR
• Market: Milwaukee WI - Bayview to Shorewood (close to water, no dangerous neighborhoods please)
• Property condition: C+ in a B neighborhood
• Rehab opportunity: room editions, curb appeal, kitchen upgrades, open to suggestions to build equity
• Purchase price: $80-$200k Need room to build equity for refi, aiming for cost + rehab = 70-75% est ARV
• Income capability: At least $100 profit/month per door
• Financing options:
  • Down payment + conventional loan (I have low DTI, good credit score, low expenses, some savings, full-time job, and a partner with DP$)
  • Partnership/investments from family and friends to purchase in cash if needed
  • Hard money lender or private lender if needed

Appreciate any feedback.

Thank you,

Daniel Monk