All Forum Posts by: Sam Erickson

@Daniel Hanson you beat me to this I was going to send you an invite today.  That sounds like a plan, hope to see you then.

Hi Everyone, here is the link to this weeks event.

https://www.biggerpockets.com/forums/521/topics/471845-milwaukee-real-estate-investors-club

We are a group of investors focused on sharing experiences and helping each other navigate the ins and outs of real estate investment in Milwaukee Wisconsin and beyond. We also connect to other clubs in the Midwest to share ideas, information and opportunities. This time we are meeting at the Hoyt Park Beer Garden in Wauwatosa on August 3, 2017, 6:00PM. 

This is only our second meeting as a group and we hope to see even more there this time around.

Shout out to @Nathan Hale Sargent for the great pic from the last meeting: 

https://mobile.twitter.com/N8nHale/status/88820167...

Welcome to the Milwaukee Real Estate Investors Club.

@Meghan McCallum

@Jason Bott  Thanks for the mention, would have missed this.  I'll be there.

@Meghan McCallum like Jason, I'm free before hand if you need help early.

@Account Closed At one time I had heard that they were having tax issues (essentially not enough taxes coming in to cover the budget), I'm not sure if that's still the case.

One unknown is that the village administrator position is open.  They do have a village president, so I'm not sure how much power the administrator position will have.  I personally have always felt it was pretty redundant to have both positions.

One development firm is trying to rezone and buy a 37-acre area near the corner of Green bay (hwy 31) & Spring St. (hwy c) with the hopes of building multi-family on it.

They are also having the same kind of single family sale boom that everywhere seems to be having. Low inventory, and quick sales.

I am now tapped on my Mount Pleasant knowledge.

@AJ Minaker  No this one has been sold.  I do have an off-market 6-unit in Hartland if you're interested in that?

@Bryan Caprioli I'd also be interested in getting info on your tri-plex in New Berlin.  I have a list of clients interested in that area, as I'm sure you know nothing comes available there.

@Jason Ireland I rep investors in all of southeast Wisconsin.  We had investors close on multi's from greenfield, Milwaukee, Waukesha, West Allis, etc.  Would love to talk area with you.  We currently have a 6-unit off-market opportunity as well in Washington county.

If anyone is interested in objecting to their assessments this year let me know.  The deadline is May 15th.  We are currently working on a few objections. However, the more objections completed the bigger the message we can potentially send to the city.  We'd also like to submit them all at once, we drop a big enough stack on them at one time perhaps they will take notice!

Welcome Garrett!  Keep us updated on when you're ready to start making moves.  I work with many buyers and sellers in those areas you mentioned and often have leads on off-market opportunities.

Let us know if we can be of service!

First off I want to say that I do not own this property. I'm a realtor looking for a buyer on this off market deal in Hartland WI, near Milwaukee.

This deal is made up of one 6-unit building.  Below is an overview of the investment. For more specific information or questions please ask, or message me.

Property Highlights:

-100% occupied

-Passive Investment, Tenants responsible for all utilities (Electric & water separately metered, no gas).

- Large units, all 3-bed units.

- Attached underground garages (2 car garage per unit)

-Located in family-friendly neighborhood with good mix of owner occupied & rentals

- Good value-add opportunity to get all rents to the same level.

-Arrowhead school district (very sought after)

Asking Price: $675,000

Rent roll: $800, $950, $950, $850, $800, $950

Taxes: $7,058

*This would be single party listing, meaning that my responsibility would be to the seller first as the listing agent.

Thanks,

Sam

keywords: Wisconsin, Milwaukee, Chicago, Hartland, Waukesha, Off Market, Duplex, Multi