Milwaukee Market Insight

[Tomas Saenz]

Hello all, Milwaukee interests me as city that I may consider buying in. Ideally I am looking to do a live and flip if possible but I am not opposed to a buy and hold property. I plan to drive through the neighborhoods within the next few weeks to get a better understanding of the city/culture/development. I am in Chicago so driving up there is not a big deal. My plan would be to buy a "fixer upper" in a "B" or "A" neighborhood. Can anyone share any insight on the neighborhoods that would fit this strategy? Are there any proven areas where this approach would work also what is the rental market like? Additionally, what is the communities' outlook on the city's long term outlook? I have read about some of the good things going on in neighborhoods like Bayview but I have also read about high concentrated crime areas. Any additional information on the city or thoughts would be appreciated! Thanks - Tomas Saenz 

[Jordan P.]

@Tomas Saenz Bayview is an excellent neighborhood to fit your strategy.  I have to warn that it's very competitive, and deals are more difficult to create without paying top dollar.  The outlook for the area is very, very solid.  It's in a prime location that's only going to continue to become more sought after - right on the lake and situated so close to downtown. You're going to have better luck with the "fixer uppers" in Milwaukee that meet your house hacking strategy in transition neighborhoods like Riverwest. 

I'd recommend connecting with a local investor focused real estate agent.  The Milwaukee market is very hot right now and there's high demand.  Deals are still available to be created, but they need leg work than in the past.  Marcus Auerbach has an excellent video analyzing Milwaukee's market trends that's worth the watch.