Milwaukee Investing Advice

[Kyle Burkhardt]

Hi BP Members,

My business partner, @Sean Edward O'Brien, and I are looking to expand our portfolio and start investing in Milwaukee, WI.  We are wondering if anyone would be willing to give us some advice on the city and a basis to start with (i.e. agents, property  management, lenders, etc.).  We both live in the state of California and are excited by the opportunity to invest in the great state of Wisconsin.

Thank you all very much!!

Kyle

[Rebecca Knox]

Thanks everyone. Let me know if I can help with anything. I agree with John; if you are out of state, it is recommended to stay out of RED areas or now, Trulia changed the map so it's the darkest blue shades. Not only will you have issues finding a good property manager but also contractors that will go in the area. The people that we know and work with that buy in those areas are local and either do work themselves or have people they trust helping them. If you are wanting to invest here and live out of town, I recommend interviewing property managers--they are often a one stop shop bringing you deals, viewing deals on your behalf, managing your property, maintaining it and they are a licensed realtor. However, I think very highly of Marcus as well so he would be a great realtor to reach out to although I don't believe he does property management. For lenders, maybe check with People's Home Equity and Diamond Residential. For hard money to do cash buys, try Milwaukee Hard Money, Machi Lending, Tailwind Funding. I also met with Pine Financial at the last REIA and they want to start doing more lending in WI and actually have already been the lender for a bigger turnkey company here. Good luck on your REI adventure and reach out to me anytime I can be of assistance.