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All Forum Posts by: Beethoven Penalo

Beethoven Penalo has started 5 posts and replied 19 times.

Post: Investing in Milwaukee

Beethoven PenaloPosted
  • Posts 21
  • Votes 9

Hello,

I reside in the northeast where the market is to expensive for me to invest in, so I have been looking a lot at Milwaukee. I've seen plenty of home under 100k which grab my attention and I understand some of these homes might not be in the best neighborhoods. I'm interested in buying and holding is there any particular neighborhoods to look at or areas of the city to focus on. What are closing cost fee roughly in Milwaukee when buying a investment property.


All and any feedback would be appreciated. 

Thank you   

Thank you for the feedback.

Thanks for the feedback I've been doing research on Akron and it looks appealing, if you don't mind me asking why not touch Youngstown ?

I'm a out of state investor interested in the Akron & Youngstown market can anyone provide any information on those markets. I'm located in the northeast and multifamily investing is out of my budget here but the Akron & Youngstown prices are appealing. 

Quote from @Brock Mogensen:

Milwaukee can be a great cashflow market.  But you need to do your dd on what type of area you want to buy in. If you are okay with C-class locations, you can certainly find a duplex in the $110K range.  If you want more B-class areas, you will likely need to come up to $150K-$200K range.


 That's the thing I'm open to C or B options, their a particular part of city to look for ? 

I'm a out of state investor currently in the Boston market and looking to invest in Milwaukee since it's more affordable for me, I'm looking for an investment property 110k price range max. I'd appreciate any insight or guidance. 

Post: Multifamily investment property

Beethoven PenaloPosted
  • Posts 21
  • Votes 9

Thank you .

Post: Multifamily investment property

Beethoven PenaloPosted
  • Posts 21
  • Votes 9

I purchased my first home last year with a conventional loan program that my bank provided with only 4% down. My question is what is the best way for me to now purchase a multifamily home without having to come up with the 20-25% downpayment. Can I do FHA since I went conventional on my personal home? I'm currently in the Rhode Island market.