New investor – Milwaukee WI

[Scott Pass]

Hello everyone,

I am a new investor living just outside of Denver Colorado, and we are looking for our first rental property in Milwaukee WI. If you are familiar with the Denver markets you know that the prices here are out of control which makes it very difficult to find cash flowing properties. Since finding this awesome site and watching YouTube videos and listening to Podcasts we have decided to invest out of state. I am just finishing up reading David Greene’s book “Buy, Rehab, Rent, Refinance, Repeat” and plan to buy his book on long distance investing next. After doing some research we are lending towards Milwaukee, because of property costs to rent ratio and the availability of duplexes. It also seems like that market is prime for an upturn.

Thank you in advance and I look forward to getting to know more of you from this site.

[Scott Pass]

@Anthony Vaiana

Hi Anthony,

Thank you!

Yeah I have been researching Zillow and Redfin and found a lot of duplex that look promising. The problems is it hard to determine which areas are nice or up and coming and which ones to stay away from. That's why I am hoping to find a good real estate agent and property manager to meet with next week when we are out there. Any advise on an area to start look at would be awesome. How many properties do you currently? How long have you been investing in the Milwaukee area? 

I was born in the western suburbs of Chicago, but moved away when I was young. I still have a lot of relatives out there and it is a great city to visit.

 Thank you,

-Scott