All Forum Posts by: Nathan Lebherz

Marcus,

Thank you very, very much for your time and detailed response. That triplex is actually 2 blocks away from Kilbourn Park, so east of Holton.

I have definitely seen some tough triplexes with an attempt at using the attic. And thank you as well for an estimate on the garage. I will not have the cashflow to support such a large investment for a while.

Everything is telling me that patience will pay off for my first place. My current plan is to pick the location and wait for the house. Thanks again for your amazing insight Marcus

@Brett Kash How are you doing nowadays? I’m in a similar position to James, but I am currently renting in Milwaukee and looking for a duplex!

Thoughts on buying your first property west of the river in Milwaukee? I found a decent triplex that makes sense (will cashflow $100 with me living/managing) but will need a new garage eventually.

I have primarily looked east of the river, but I need a place to live in 4 months and I’m sick of paying someone else’s mortgage!

Any and all advice on the garage, location, or lower income first property is greatly appreciated!

Hey Paul,

Congratulations! I am also a new RE investor in the MKE area as I just moved up here! Glad to see that things went well for you. I recently just moved here for my new job, and I am going to be in the same exact boat as you are if you would like to connect!

@JD Martin thank you for the response! Just some tips on how to handle the turnover, maintenance, etc. I am a bit concerned about college students being the main tenants as there is no longevity in the students staying. I am also concerned about not filling a vacancy in the beginning of the semester in which I would think it’s harder to find a tenant.

Also I wonder your take on it being the first investment property that I will take on.

@Chris Gantz Thank you for your thoughtful response. I really appreciate the advice, and I will definitely reach out once I get a better feel for what exactly I am attempting to achieve. I will be graduating in May and moving to Milwaukee in June to start my new job, so I was looking to buy a property and gain experience with managing it. I do not have much experience but I am looking to expand my knowledge in any way possible and I'm very happy to connect!

@Will Gaston I appreciate you linking that thread. That is very helpful and I will be sure to re-read it as I continue along my journey. I have also just gotten in touch with a realtor in the area, so I will continue to look for someone more well-versed with investing in the local college areas. I'm very grateful for your time, thanks so much!

Does anyone have any advice on investing in College Town areas? Specifically near University of Wisconsin, Milwaukee?

Thanks so much!

New investor here in Berkeley for my last year here at Cal. Looking to network, learn, and participate in anyway I can before I go back to Chicago after the year.