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Updated over 4 years ago on . Most recent reply
Relocating to Wisconsin; Where to look?
WWYD?
Will be moving as a geographical- bachelor to WI. This is job-related, so I don't anticipate it being permanent. Only requirement is that I live within 50 miles of one of my sites. Currently, I have 5, which are mostly in the south and east of the state- from Madison to Kenosha to Greenville.
My plan is to purchase a small MF and rent out the extra unit/s, then rent out the remainder once I leave the area/company (Home is OH).
Here's a few wants/concerns:
- Am using remainder of VA benies, so not likely to qualify for, nor be interested in a "project". Focusing on move-in ready . 150k budget.
- Not a big fan of the older properties. Been looking at post-1950. Change My Mind.
- Milwaukee returns the most results, but a bit worried about crime; Both historically and with recent "developments". Some properties to the west look relatively "cool" on the Trulia crime maps. Any areas that are no-go? I'm not a "city mouse" but realize I may have to go urban for the best deals. Any other resources that show crime better than Trulia?
- Get to work remotely with a pretty flexible schedule, so will try to get home (OH) every other week or so. Would prefer not to have to change planes 4Xs or have a 12 hour layover. From what I'm seeing, the only non-stop to CLE-LCK-CMH-AKR is out of the Chicago airports. That would be a long haul from Green Bay, so have been looking near the IL border.
Will be moving as a geographical- bachelor to WI. This is job-related, so I don't anticipate it being permanent. Only requirement is that I live within 50 miles of one of my sites. Currently, I have 5, which are mostly in the south and east of the state- from Madison to Kenosha to Greenville.
My plan is to purchase a small MF and rent out the extra unit/s, then rent out the remainder once I leave the area/company (Home is OH).
Here's a few wants/concerns:
- Am using remainder of VA benies, so not likely to qualify for, nor be interested in a "project". Focusing on move-in ready . 150k budget.
- Not a big fan of the older properties. Been looking at post-1950. Change My Mind.
- Milwaukee returns the most results, but a bit worried about crime; Both historically and with recent "developments". Some properties to the west look relatively "cool" on the Trulia crime maps. Any areas that are no-go? I'm not a "city mouse" but realize I may have to go urban for the best deals. Any other resources that show crime better than Trulia?
- Get to work remotely with a pretty flexible schedule, so will try to get home (OH) every other week or so. Would prefer not to have to change planes 4Xs or have a 12 hour layover. From what I'm seeing, the only non-stop to CLE-LCK-CMH-AKR is out of the Chicago airports. That would be a long haul from Green Bay, so have been looking near the IL border.
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@TJ P. I am born and raised here in Kenosha and invest locally between here and Racine, if you are looking for post 1950 move in ready it will be tough to stick to the 150k range, however you can find deals on older multi family but it’s going to be early 1900s I see a a lot of 1910-1930. My 3 properties are within this range. If you have more specific questions about this area I would be happy to answer.