Please advise on Milwaukee REI chosen market

[Damien Lee]

Hi all,

I'm a recently new investor that decided to get started in real estate, but due to the cap on my funds to start investing in real estate I'm looking at the sub $100K range for duplexes and between $100-$110K for a SFH. After doing research I've chosen Milwaukee as my main market that I want to focus on since it can fit my price range but seeing the statistics on crime and the average salary is making me a bit wary. I'm currently looking in the inner city (near walnut hill and Midtown) to mitigate the affect of crime but I'm wondering if there's anything I'm missing.

I’m mainly looking for a cashflow rental for my first property since I just want to get used to the flow of being a property manager which is why I’m looking at mainly duplexes. Does anyone know if that Midtown Area or Walnut Hill area are decent places to start off my investing journey or am I better suited towards a different market? I’ve read a bunch of books on investing and I think at this point I’m letting fear get the best of me but since I’ve never been to Milwaukee I want to make sure I’m not missing any vital pieces of information.

Thanks in advance and happy investing!

[Marcus Auerbach]

@Damien Lee they say the grass always looks greener on the other side! One might add: the grass is greener where you water it! I know Atlanta has gotten competitive, but we have the same here.

If I may tell you. You should always invest in your backyard, where you have the homefield advanatage. If you invest in Milwaukee you have to compete with all the local investors! But everything you do remote, every interaction, every quick check on a property has a cost burden, that locals don't have.

And you are in a great market, it's not like you are in CA! You have to focus on cash flow, but going remote will just eat into that cashflow every step you take.