All Forum Posts by: Avi Manthe

If your company goal is to buy and hold real estate and develop, I think that will keep you plenty busy and just skip flip projects.  If your partner is a contractor and wants to keep busy, that could be a different story, but I at least consider looking at long term ownership plans and flipping as very different businesses and a lot to learn on both, so not sure I'd risk losing money and time dealing with flips.  You can still get a feel for contractors working with on properties you plan to hold.  When developing, I'd first talk with the city building/zoning about what they want to see more of and where, and try a simple project that should be smooth sailing on plan approvals, saving you time and money.  Right now, in Madison the City seems very interested in adding apartments with infill apartment buildings going up all over, but if you are in Milwaukee am sure there is plenty there and adjoining communities to start with.  

Hey Avi, welcome to the community! Starting with flips to gain contractor experience is a smart move before diving into development. For flipping, focus on accurate ARV estimates and budgeting for unexpected costs, while for BRRRR, building strong relationships with local lenders that can help streamline your hard money into your refinancing. Madison and Green Bay also seem like good places to invest.

Welcome to BP! Milwaukee has a lot of old neighborhoods, so any form of rehab-driven strategy has plenty of opportunity. But I would recommend to narrow your scope and decide what you want to do - and specialize, at least for now.