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Updated almost 6 years ago, 01/23/2019

User Stats

6
Posts
10
Votes
Nikhil Badwaik
  • Beaverton, OR
10
Votes |
6
Posts

Bought my first out of state Investment in Milwaukee WI

Nikhil Badwaik
  • Beaverton, OR
Posted

Hey Guys,

Just wanted to share exciting news. Just bought my first out of state property in Milwaukee WI. 

I know it's a little bit tough market in regards to the neighborhood(mine is in C class) but I believe finding good property management company with right deal it can be very successful investment.

I am looking to buy, enjoy & learn more this year in Milwaukee market. :-)

User Stats

689
Posts
523
Votes
Andrew Kerr
  • Rental Property Investor
  • Everywhere, USA
523
Votes |
689
Posts
Andrew Kerr
  • Rental Property Investor
  • Everywhere, USA
Replied

@Nikhil Badwaik Congrats and welcome to BP!

User Stats

4
Posts
2
Votes
Bryan S.
  • Baltimore, MD
2
Votes |
4
Posts
Bryan S.
  • Baltimore, MD
Replied
Congrats! I'm currently out-of-state, looking at getting started in the Milwaukee and Madison areas. I'd love to connect and hear about your experience with your realtor/PM.
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User Stats

33
Posts
15
Votes
Nasson Raymond
  • Lawrence, KS
15
Votes |
33
Posts
Nasson Raymond
  • Lawrence, KS
Replied

Congrats! Looking forward to hearing your progression and experiences with the Milwaukee market.

User Stats

887
Posts
323
Votes
Jorge Ruiz
  • Rental Property Investor
  • Los Angeles, CA
323
Votes |
887
Posts
Jorge Ruiz
  • Rental Property Investor
  • Los Angeles, CA
Replied

@Nikhil Badwaik 

If you would be so kind as to send the details that would be awesome:

How did you find the deal?

What type of Property- sfr or multi?

Numbers?

How do you know it's a c -area?

User Stats

6
Posts
10
Votes
Nikhil Badwaik
  • Beaverton, OR
10
Votes |
6
Posts
Nikhil Badwaik
  • Beaverton, OR
Replied

Thanks @Andrew Kerr 
Sure @Bryan S. Lets connect
Thanks @Nasson Raymond. Absolutely I will keep sharing my experience, although I am still learning & executing at the same time :-)

User Stats

6
Posts
10
Votes
Nikhil Badwaik
  • Beaverton, OR
10
Votes |
6
Posts
Nikhil Badwaik
  • Beaverton, OR
Replied

Sure @Jorge Ruiz

I found this particular deal from Redfin.com, my realtor also keep sending me deals.

It's duplex. 

Over 2% rule

class - My realtor/PM has map which shows class of neighborhood block by block. Also e-book by @Dawn Anastasi is a good short read about neighborhood in milwaukee by zipcodes. 

User Stats

48
Posts
35
Votes
Alex Witte
  • Real Estate Agent
  • Milwaukee, WI
35
Votes |
48
Posts
Alex Witte
  • Real Estate Agent
  • Milwaukee, WI
Replied

Congrats! I think you will find Milwaukee to be a great market to be in! I recently moved to Milwaukee area in 2017 and have purchased two rentals. One of those is in a C- area. As long as you and your PM have good processes in place you will find it to be very profitable! 

Best of luck and Welcome! 

User Stats

1,404
Posts
1,039
Votes
Rebecca Knox
Wholesalers
Pro Member
  • Specialist
  • Milwaukee, WI
1,039
Votes |
1,404
Posts
Rebecca Knox
Wholesalers
Pro Member
  • Specialist
  • Milwaukee, WI
Replied

Congratulations and way to take action. Good luck in your REI adventures!

  • Rebecca Knox
  • User Stats

    312
    Posts
    165
    Votes
    Chai Xiong
    Pro Member
    • Investor
    • Orlando, FL
    165
    Votes |
    312
    Posts
    Chai Xiong
    Pro Member
    • Investor
    • Orlando, FL
    Replied

    congrats i'm also out of state investor investing in Milwaukee. I got a 8 unit and a duplex there

  • Chai Xiong
  • User Stats

    1,916
    Posts
    2,231
    Votes
    Ola Dantis
    • Multifamily Syndicator
    • Houston, TX
    2,231
    Votes |
    1,916
    Posts
    Ola Dantis
    • Multifamily Syndicator
    • Houston, TX
    Replied

    @Nikhil Badwaik Hey Nikhil, great job on jumping in, many never do!

    Many investors have done successfully well in this type of neighbourhood class, so I'm sure you'll do just fine with the right PM company. 

    Goodluck on the investment. Thanks! - Ola 

    User Stats

    6
    Posts
    10
    Votes
    Nikhil Badwaik
    • Beaverton, OR
    10
    Votes |
    6
    Posts
    Nikhil Badwaik
    • Beaverton, OR
    Replied

    Hey @Ola Dantis Thanks for the inspiring words. 

    User Stats

    180
    Posts
    104
    Votes
    Mike Lowery
    • Rental Property Investor
    • Milwaukee, WI
    104
    Votes |
    180
    Posts
    Mike Lowery
    • Rental Property Investor
    • Milwaukee, WI
    Replied

    Jorge Ruiz when you come to Milwaukee, get a hold of me. I am familiar with the Milwaukee market and neighborhoods. I have a duplex and three SFRs all acquired within the last 5 months.

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    User Stats

    6
    Posts
    5
    Votes
    William Danielson
    • San Diego, CA
    5
    Votes |
    6
    Posts
    William Danielson
    • San Diego, CA
    Replied

    That’s awesome! That’s exactly what I’m attempting to do, myself. I would also like to know some of the details of your process, such as choosing your PM.

    Congrats!

    User Stats

    54
    Posts
    21
    Votes
    Jarrett James
    • Investor
    • Nashville, TN
    21
    Votes |
    54
    Posts
    Jarrett James
    • Investor
    • Nashville, TN
    Replied

    Congrats! I’m from Milwaukee know the city well good luck.

    User Stats

    25
    Posts
    18
    Votes
    Jason Macht
    • Rental Property Investor
    • Chicago, IL
    18
    Votes |
    25
    Posts
    Jason Macht
    • Rental Property Investor
    • Chicago, IL
    Replied

    @Nikhil Badwaik, how's the Milwaukee market treating you!? I've been familiarizing myself with the market and am gearing up to dive in.

    User Stats

    6
    Posts
    10
    Votes
    Nikhil Badwaik
    • Beaverton, OR
    10
    Votes |
    6
    Posts
    Nikhil Badwaik
    • Beaverton, OR
    Replied

    Hey Jason.
    So far so good. Bought few more properties recently. I will share my complete experience may be after 6 months.

    User Stats

    207
    Posts
    64
    Votes
    Gregory Chadwell
    • Real Estate Broker
    • Milwaukee, WI
    64
    Votes |
    207
    Posts
    Gregory Chadwell
    • Real Estate Broker
    • Milwaukee, WI
    Replied

    Milwaukee is still a "Steal" compared to other markets and prices.  The rental market is strong and ive been a landlord here for over 20 yrs....

    User Stats

    42
    Posts
    15
    Votes
    Steven N.
    • Rental Property Investor
    • Charleston County, SC
    15
    Votes |
    42
    Posts
    Steven N.
    • Rental Property Investor
    • Charleston County, SC
    Replied

    Congrats on the deal @nikhil I just closed on my first property on a SFR in Greenfield. Let me know if you are interested in connecting

    User Stats

    33
    Posts
    20
    Votes
    Marcus Linehan
    • Rental Property Investor
    20
    Votes |
    33
    Posts
    Marcus Linehan
    • Rental Property Investor
    Replied
    @Nikhil Badwaik congratulations Nikhil. I’m also interested in that market and would love to hear about your experience. Do you have time to connect?

    User Stats

    39
    Posts
    68
    Votes
    Javonte Hardiman
    • Real Estate Investor
    • Milwaukee, WI
    68
    Votes |
    39
    Posts
    Javonte Hardiman
    • Real Estate Investor
    • Milwaukee, WI
    Replied

    Welcome to the Milwaukee Market and congrats on your recent rental property purchase!

    User Stats

    873
    Posts
    350
    Votes
    Michael Henry
    • Real Estate Consultant
    • Brookfield, WI
    350
    Votes |
    873
    Posts
    Michael Henry
    • Real Estate Consultant
    • Brookfield, WI
    Replied

    @Nikhil Badwaik good luck and remember the BP community is here to help if any problems come up along the way. 

    User Stats

    13
    Posts
    1
    Votes
    Zyrus Pugal
    • Murrieta, CA
    1
    Votes |
    13
    Posts
    Zyrus Pugal
    • Murrieta, CA
    Replied

    @Nikhil Badwaik Good to hear you're doing well in Milwaukee. I've been looking into Milwaukee myself and wanted to know your experience with that market and who you went with in terms of property management.

    Thanks and good luck in on your RE investments.

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    User Stats

    6
    Posts
    10
    Votes
    Nikhil Badwaik
    • Beaverton, OR
    10
    Votes |
    6
    Posts
    Nikhil Badwaik
    • Beaverton, OR
    Replied

    Sure @Marcus Linehan

    User Stats

    11
    Posts
    2
    Votes
    Mike Yang
    • Minneapolis, MN
    2
    Votes |
    11
    Posts
    Mike Yang
    • Minneapolis, MN
    Replied

    @Nikhil Badwaik who’s your property manager? I’m also looking to invest in Milwaukee but I want to find a good PM to work with.

    User Stats

    366
    Posts
    401
    Votes
    Jack Medford
    • Investor
    • Nipomo, CA
    401
    Votes |
    366
    Posts
    Jack Medford
    • Investor
    • Nipomo, CA
    Replied

    @Mike Yang I've had great experiences with both MKE REIS (soon re-branding) and Performance Asset Management (PAM). Both are great companies to work with.