All Forum Posts by: Victor Martinez Lazaro

I see, what kind of headaches did you encounter while dealing with bigger cities?

Also thanks for the advice I'll check out the surrounding areas to see if any markets look appealing or have any good deals!

Hell there!

So I live in Wisconsin and I'm currently trying to decide which of two cities I should start investing in, these being Madison and Milwaukee. From what I can gather they're both good cities but I just can't decide which one to choose. I plan to live in Madison so there's an advantage to investing closer to home, but at the same time Milwaukee has the bigger population and area. Any of you wonderful people have any input?

Preferably I'd be able to invest both cities after a while but for now I'm just looking at investing in one( I say that but it'd be in a couple of years since I'm still in High School). 

Also for later reference how do you decide which markets are worth investing in? And if you're willing to share (AKA tell me your secrets, wise old user) what resources do you use to find out if a particular market is worth it?

 So to you what qualifies as a sure thing? Again that's if you're willing to share. 

Also I'm not doubting you or anything but how can you be sure we won't see anything like the 2008 recession? I understand it was a rather large recession but that doesn't automatically make it unlikely to happen during our lifetime, right? Though I could be wrong, I am starting out so I shouldn't talk too much about things I don't know about.

Either way thanks for the reply!

@Taylor L.

I see if you're willing to share how much cash flow is enough to make you feel safe from an incoming recession?

Thanks for the reply anyhow!

Hello there again!

So as you might've heard the stock market took a hit, I've heard some rumors as this being a sign of a looming economic downturn, will it turn out like that? 

I'm not too sure, either way when a recession does inevitably occur what would you do? Better yet what should you do? 

From what I can gather if you saved enough money you could strike while prices are low and get a really good deal, but then what if it doesn't turn out? You might still be in the middle of the recession so selling could lose you money. Holding onto it might not be best either as it could be bleeding you money.

Of course this is assuming that something went wrong, so maybe this could all be avoided.

Either way what would you do? 

(P.S. I'm looking at buying and holding multifamily houses if any are wondering)

Hello there!

As I was browsing around BP I came across some standards that some people have. That got me thinking what are some other standards that people have?

I'm primarily looking to buy and hold with multifamily, properties in the Midwest, so if anyone is willing to share that'd be great! But any response is really appreciated!

@Shawn Ackerman

Hey there! I'm looking to buy and hold, renting out the unit(s) while holding. Also I'm not very photogenic so I don't really have any good pictures of me, anyhow thanks for the reply!

Hello there!

I'm looking at investing in a couple of markets here in Wisconsin, namely Milwaukee or Madison, and I hope by looking at some of the bigger investors I will be able to learn something, I'm still new at this and still in High School and I hope that I can learn more. I also posted a similar post (really similar) on the Madison forums so any replies from either posts are really appreciated!

Hey there!

I was just wondering who are the big real estate investors in the Madison area. I'd love to see and hear their stories and tribulations that they went through. Hopefully along the way I might learn a thing or two from them, as well as anyone who's willing to listen to my questions!

As you may be able to tell, I am new to REI. All I've really done is read some books and started to ask some question in BP. I'm still a senior in high school so I can't do much right now but I can still read more so here's an open ended question:

How did you get started?

I'd love to see the different ways people have started, and how different approaches can lead to different results.

Any and all replies are greatly appreciated!