All Forum Posts by: Chris Bruni

I grew up in Wauwatosa and, while I do not have any properties in the Milwaukee area today, both of my sons are just getting into investing there (purchased a duplex this spring), as well as working in property management.  For higher end tenants and quality properties look into the Riverwest area and points east.

The primary one I am looking at right now is very small.  Two mobile homes to each tank.  The whole system was replaced just a few years ago.  The other park the system is much older and I am still gathering data on that.  Having owned my own septic system in the past I am familiar with the 3 year requirement and confirmed that the smaller park is meeting this, as well as cleaning filters and inspecting their system twice per year.

I am also in the area and happy to connect.  I own and flip mostly in the Baraboo market, but do have a duplex in Marshfield and travel central Wisconsin very regularly.  Been in the RE business for 15 years and do a lot of my own work.

Thanks for the advice.  I'm familiar with the perk issues and have not come across a park providing natural gas pipes but good to watch for.

Welcome fellow Wisconsinite!  I'm originally from Wauwatosa and know your area pretty well.  Be happy to connect with you.

I've been evaluating a couple of mobile home parks for sale near me, both with well and septic, both a couple miles outside of the nearest municipality.  Financials look very good (cap rates ranging from 12 -16%) and I'm OK with further evaluating those, but have concerns about aging infrastructure.  I have first-hand experience with well and septic systems for a private residence and know that there are requirements in my state to have them pumped periodically, but am curious about the tests that a MH park might have to endure.  Does the EPA or a similar state (Wisconsin) governmental entity test and report on private sewage systems like these?

Thanks in advance for any guidance!

Hello all:

My name is Chris Bruni and I'm new to Bigger Pockets, but not new to real estate investing.  I have been a small-time investor and owner for the past 15 years, but have recently started to ramp up my portfolio.  I am located in Baraboo, Wisconsin just under an hour north of Madison, Wisconsin.  My first deals were here, but I now have property to the north and am about to acquire my first properties in northern Illinois.

I enjoy the rehabilitation of depressed real estate (like therapy for me - seriously!) and have been mostly in the buy and hold (rent) mindset from the beginning.  Today I own 8 units and am about to close on 7 more in the next 30 days.  All of my properties are single family homes or duplexes, but I would be interested in expanding that for the right opportunity.

I do all the management and virtually all of the rehab work myself.  I am blessed to have a father who taught me a lot about rehab work growing up and he still works with me today (he's in his 80s).  I have two adult sons who are also getting into this work and I have worked with them on different projects over the past few years (got em started on roofing work when they were still single digits in age).

I look forward to learning from others on this sight and to providing any insights I can along the way.