All Forum Posts by: Andy Tang

@Rebecca Knox Thank you! I really appreciate that. I’d love to check out those facebook groups! It’d be helpful especially since my business partner and I are motivated on buying towards the end of this year. 

 @Rebecca Knox Thanks for the reply! I’ve seen quite a bit of your responses in other posts in these forums. You’re super helpful. I took down notes on one of your replies to someone. You were giving them recommendations for property management lol

Hello Everyone,

New investor here. I recently purchased a condo in California and realized it was a “So so” investment. The real benefit, was that it helped build the confidence I needed to get started in real estate investing.

As I’m saving up for another down payment, I’d like to sharpen my axe by deciding and learning about the next location for my first out of state property. I really like Milwaukee and Cincinnati.

I want to invest in single family homes and small multi’s around $200k that can cashflow now or at least in a few years. I’m a dock worker for my 9-5 and I’d like to protect myself against possible automation taking over my job by investing in real estate.

So the question is….does anyone have any thoughts, opinions, experiences when it comes to choosing Milwaukee or Cincinnati?

Thank you in advance,

Andy

(Also posted this in Milwaukee forum, but wanted to see what this forum would say) 

@Jesse Rodriguez

Can you please elaborate on this ? Would love any feedback and reasoning for your choice. 

@Nicholas L. Hey thanks for the suggestion. I’ll definitely give those a listen. 

I pretty much just based it off of the slow and steady population growth of each metro area, amount of Fortune 500 companies located there, barrier to entry, rent to price ratio and inventory of single AND multi families. I also did a quick search of property managers through Yelp and looked through some websites. Some cities seem difficult to find a good property manager. 

@Marcus Auerbach Thank you for the reply! Would using last years taxes be a good way to calculate taxes into my analysis then? Or would it be inaccurate due to the crazy appreciation we’ve gotten this past year? 

@James Konvalinka Thank you for your reply! It was thought out and very helpful! 

I’m ok with a property that cash flows JUST enough to cover the property manager, cap ex, and maintenance. Anything extra is just cherry on top. I know it’ll start cashflowing in the future if I hold for a while. 

Do you happen to know how I can estimate property tax when calculating my numbers? I know here in Los Angeles California, I can just estimate it with 1.25% of the purchase price. I seem to be finding different percentages when looking for the property tax rate in Milwaukee. 

Hello Everyone,

New investor here. I recently purchased a condo in California and realized it was a “So so” investment. The real benefit, was that it helped build the confidence I needed to get started in real estate investing. 

As I’m saving up for another down payment, I’d like to sharpen my axe by deciding and learning about the next location for my first out of state property. I really like Milwaukee and Cincinnati. 

I want to invest in single family homes and small multi’s around $200k that can cashflow now or at least in a few years. I’m a dock worker for my 9-5 and I’d like to protect myself against possible automation taking over my job by investing in real estate. 

So the question is….does anyone have any thoughts, opinions, experiences when it comes to choosing Milwaukee or Cincinnati? 

Thank you in advance,

Andy