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Updated over 2 years ago,
Is it a bad idea to buy a Milwaukee property in the winter?
Hi everyone,
I'm brand new to Bigger Pockets and am working on purchasing my first investment property in Milwaukee. I grew up in the Midwest but have lived in Seattle for the past 20+ years. I'm looking forward to getting to know other investors in the area and partner on future projects!
I'm currently searching for a single family or duplex and am in the process of lining up my financing. My memory of Midwest winters is a bit hazy by now but I've heard that people don't (understandably) want to move in the winter given the weather. Would it be wise to hold off on my preapproval for now in case I don't find the right property in the next month or so? I don't want to wind up with an empty rental until Spring if I buy at the wrong time or have the preapproval expire if I get it now and need to wait a few months. I am eager to hear the thoughts of any of you in the Milwaukee area about this issue, and would also really appreciate PM company suggestions in the area.
Thank you, in advance, for your insights!
Kelly
I'm brand new to Bigger Pockets and am working on purchasing my first investment property in Milwaukee. I grew up in the Midwest but have lived in Seattle for the past 20+ years. I'm looking forward to getting to know other investors in the area and partner on future projects!
I'm currently searching for a single family or duplex and am in the process of lining up my financing. My memory of Midwest winters is a bit hazy by now but I've heard that people don't (understandably) want to move in the winter given the weather. Would it be wise to hold off on my preapproval for now in case I don't find the right property in the next month or so? I don't want to wind up with an empty rental until Spring if I buy at the wrong time or have the preapproval expire if I get it now and need to wait a few months. I am eager to hear the thoughts of any of you in the Milwaukee area about this issue, and would also really appreciate PM company suggestions in the area.
Thank you, in advance, for your insights!
Kelly