All Forum Posts by: Victor Martinez Lazaro

@Trevor Ewen

Thanks I'll keep that in mind when I finally set my plan into motion!

I see why investing closer to home would be helpful for me as I grow as an investor, I'll keep that in mind. Also I plan on house hacking as I start off but I want to go into large multi-unit properties afterwards, do you have any advice in which city that might be best in? Thanks as always!

@Ashton Levarek okay that seems simple enough, I'll keep this in mind when browsing markets. As for the demographics I'm not necessarily looking at retirement homes just yet, I don't believe I've read up enough about them, plus the potential of lawsuits for neglect worries me. But if I ever feel like expanding my horizons I will definitely check him out, thanks as always!

@Kevin Dean I see, I'll definitely use these points when looking at markets, as always thanks for the advice! (Also I had no idea that I'd have to stay up to date with changing laws, I should've known now that I think about it)

@Marcus Auerbach, I see I haven't thought about the competition part of it all yet, but I now see more clearly why it might be easier to invest in a market your close to.

And that's why I want to know how to decide between two markets! (I mean that playfully of course). I know they're both good markets but for different reasons (From what I can gather). I personally am leaning over to investing in Milwaukee for the cash flow available, I'm hoping this'll play into my psyche and motivate me to invest more and better (Hopefully my brain will see the "quick results" and push me further, though I will admit investing is a slow game). But that doesn't mean I'm going to neglect Madison, if a good deal does pop up I'll definitely check it out!

That leads me to another question, if your willing to answer of course, to you professionally what is more important, in whatever standard, appreciation or cash flow? From what I've read cash flow will get you through hard economic times but appreciation might yield better profits. Any response is appreciated!

@David Pere

I see, I'll try not to be too hesitant on picking a market, but I figure since I'm in HS I think I have a lot of time to decide which market I want to begin with, I don't want to be too hasty!

Thanks for the advice though!

@Ashton Levarek

This all sounds very useful thanks very much!

So if you don't mind me prodding a bit, at one point does the housing market vs. median income become favorable for REI? (More specifically buy and hold REI)

Also which demographic(s) is more favorable to rent out to? I'm assuming college aged tenets may not be the best but I'm not too sure about other demographics.

Thanks again for the advice!

@Jack Medford

I see I'll check both cities for deals and decide if Milwaukee is worth driving back and forth, but I'm also going to consider other factors as well. If you don't mind me asking, what kind of hard lessons did you have to learn? How'd you deal with having to learn them? If I'm ever interested I'll definitely check out Garrett Davis. 

Thanks for the advice!

@Kevin Dean

Wow! Thanks for all of resources and information you've given me! I will definitely use it when I'm looking at expanding!

If I can ask what would poise a city for long term growth? Employment rate that's higher than the national average would be ideal, I assume? Among other factors that I just can't seem to grasp.

Also I can hopefully invest in both markets in the future after I've gotten a couple of properties under my name, for now I don't want to overwhelm myself with choices. 

@Marcus Auerbach

I should've clarified earlier, I'm currently looking at buying and holding, sorry about that! With that aside, I do see the benefit of investing in a market I know, but the possibility of gaining more cash flow by investing in a further away city keeps nagging at me. I figure that as long as have my drive I should go for routes that other may consider strenuous.  Either way thanks for the advice it's really appreciated!