All Forum Posts by: Brad Spencer

Thanks for the comments.

I’m not sure where else in the country there is 3 hospitals being built all in the same proximity.. but I’ve also read there has been some apartment complex developments announced.

An exploding area like this is both exciting to me, but also has me cautious. Cranes in the air, buyer beware.

Afternoon all-

I wanted to get some feedback on southeast Wisconsin, dubbed “Wisconn Valley” due to the $10 billion plant Foxconn is placing in Mt. Pleasant. Despite the political turmoil surrounding this, this project has broken ground and is set to complete in 2021. See below:

https://en.m.wikipedia.org/wik... is major industrial and commercial development in the Racine/Kenosha area because of this. Also, the three major hospital networks in southeast WI have announced plans to build a hospital. That’s three hospitals!

See below:

https://www.google.com/amp/s/w... read in some recent articles that this area anticipates a growth of at least 100k people in the next 20 years. This area has traditionally been farmland as well as a somewhat depressed community in Racine to the east.

I’m interested in doing some residential investing in these areas, but I was curious as to what activity others across the nation have planned, if they’re aware of this growing area. Is

Three new hospitals and a 10 billion dollar facility.. speculators are already making themselves known, but this seems to be the beginning.

Let me know if anyone wants to dig deeper together.

Thanks.

Thanks, John! I may just do that. I listened to her podcasts recently and I like her formula in Milwaukee. And thanks for the tips, Marcus. What areas in north shore, specifically? I do plan on using the VA loan, and I found a lender that will cover up to 30k in rehab costs along with it. There’s many ways to skin a cat, but I was thinking of going for the SFH cash flow play because of the many exit strategies associated with it. I see what you’re saying about leveraging the debt, and have been toiling back and forth over which path to choose. I think purchasing with a VA, rehab, and then refinance so I can use the VA again quickly may be my best way to scale. I’m aware of the owner occupancy and other VA requirements, but also plan on refinancing pretty quickly. Thoughts? And thanks to you too as well, Mike. I’d love to hear more insight of that area. I think it’s north of those areas of concern, but I’m not positive.

Hello, Milwaukee! Just moved to Milwaukee this past year and now feel compelled to dive in on some of these cash flow properties. Any advice on good (safe) cash flows pockets in the city or surrounding areas? After doing some driving around, I like just south of Brown Deer and also just north of St. Joseph’s Hospital. Some gorgeous properties in that area. Looks like 2% rule is well within reason in both pockets. Love to hear some insight and also would love to get hooked up with you all at the next REIA meeting! -Brad

Hello, BP. I first wanted to say thank to so many of you for the insight over the years that I've been listening and reading your input. This is my long overdue first post and it's based on a strategy that is a mixed bag from many of the strategies I've read on BP. As a veteran, I have access to the VA insured home loan for up to a 4-unit. My question is has anyone had any success with the BRRR method while using the VA loan. I'm aware of the higher standards an appraiser gives to sign off on the loan. But I am a curious if anyone has: 1) bought a property under market value 2) forced appreciation through some cosmetic improvements and other methods 3) refinanced out of the va loan into a conventional loan (using the equity from the refinance as a down payment) 4) repeated the process using the VA loan It seems to me that this method may be a way for veterans to get the ball rolling. Thoughts?