Investing location question

[Cole Giandinoto]

Hey all!

Up to this point I have been staying local in Salt lake city investing

Now,

I am looking to begin investing in/near Milwaukee 

What are some good areas to start hunting for 2-4 units?

What about 5+ units?

Any new and upcoming areas that might be good to look at ?

Thanks everyone!

Cole

[Rebecca Knox]

Hi Cole, 

I am in the Milwaukee real estate investing arena and have operated Captain Save A Home LLC with my husband Nick Knox for the past 8 years. We also run Brew City REI Club and Wisconsin Contractor Club which are forums on Facebook. If you are planning on visiting the area to prospect, we are having a real estate investing networking event on May 13th at fellow investor's Adam/Steve place, Freight38, 838 S 1st at 6pm. This is a free event and a great way to network and learn strategies from other local investors, investor realtors and contractors. https://www.biggerpockets.com/...

There are many areas to invest for duplexes---what are the prices points you're looking to spend? That often helps narrow down the neighborhoods. For 4-units+, connect with wholesalers and property managers as well. I would say your best bet for 4+ units is far northwest side and some southside. I agree that Bay View and East Side are really pricing themselves out of the investor pool but Walker's Point, Clock Tower and Clarke Square which are neighboring might be good options. It really depends on your risk tolerance, strategy and price. 

For realtors who are also investors and have been in the business for awhile and know how to determine if a property will be a good rental, I would suggest Premier Point Realty which literally is a brokerage of investors, Homestead Realty (Nicole & Mike Borowski or Phoebe), Marcus Auerbach, Daniel B Milwaukey/Modern Milwaukey Realty, Saharah Ali (Sahara Sells) or Michael Baron who also owns PMI Property Management. If you're considering West Allis, reach out to Welcome Home Milwaukee--Ed Riggenbach, Matt Maurice or Lisa Loesel--Matt & Ed are EXPERIENCED investors in the West Allis community and have multiple businesses in West Allis...Besides Welcome Home Milwaukee Property Management, they also operate MKE CoWork which is a co-working space in the heart of West Allis. If you're investing out of state, would definitely recommend a good PM. I am happy with City Wide Rentals & Property Management but if I didn't use them, I'd use Mike at PMI or Ed/Matt at Welcome Home Milwaukee. Good luck on your REI adventures!