Milwaukee Rental Property, I'm Here Until July 10

[Patrick Ruff]

I've been watching and listening to Bigger Pockets YouTube videos for a while and am interested in the Milwaukee area. I'm visiting my cousin in the area for a few days and was wondering if I could meet up with a member in the area this Monday. I've bought Dawn's book on the city and am looking to buy in a C- to B neighborhood but beyond looking at listings I have no real estate agent, property manager, or other team members lined up. Does anyone know a good place to start? An example of some listings that I think look good are...

110 E Clarence St

748 S 21st St

Rents for $900

1126 Layton Blvd Unit A

1819 W Burnham St

2022 S 16th St

2059 W Vilter Ln

[Adam Gollatz]

Hi Patrick, what are your goals and what is your price range? Are you looking to buy turnkey or do more of a BRRR method? For what its worth here is my quick opinion of the areas. I'm curious to see what others recommend.

110 E Clarence St - Bayview  definitely B to A. I think this is an auction property or something. Ive definitely seen that address before. Lots of competition in this area, a good high cashflowing deal will be very hard to find.

748 S 21st St - clarke square neighborhood. Definitely rougher and id probably classify this as closer to a D than B area, but some people are heavy on it because of west milwaukee and the 5th ward/walkers point to the east.

Rents for $900 - Which one?

1126 Layton Blvd Unit A - Same as above

1819 W Burnham St - True south side milwaukee. Ive been seeing a lot in this area from 6th to 20th between Lapham and lincoln. Again, Id rate it more as a D type area with 20k properties

2022 S 16th St see above

2059 W Vilter Ln see above

The cash flow might look good on these, just make sure you are running repairs, maintenance, and capex expenses by actual replacement cost and not an 8-12% of monthly rent. The people that do well on these buy extremely low (like 10k) and fix up themselves and self manage. Feel free to PM to talk more.