All Forum Posts by: Nick Perret Efferson

 Brilliant, thanks. With prices having appreciated in the past 5 years so much, do you see a reluctance from investors buying around asking for a buy and hold property? Is there not enough juice here?

Thanks, great question. Where I intend to gain traction is that I am on an established team that has over 90 listings at any one time, 75% being investor properties. We would have the experience, client pool, and admin support to handle portfolios. I may have a hard time with at least a 5-6% commission standard. 

Thanks. Is this your preferred lead gen?

Can agent's really find you deals on the market? I'm a newer investor-focused agent in Milwaukee and I have been thinking a lot about off-market vs on-market. The investors I work with want to offer say 70k on a 97k listing. My analysis of properties sold on the MLS consistently show that the sold price goes for 97% of the asking price. I understand an investor wants to get a deal, and it is common sense to offer under, but again and again I see buy and holds go for close to asking unless there were negotiations of defects.

Are there investors here who find deals on the market? What's your approach?

I have been cold calling investors in one particular area in Milwaukee to see if I can gain their listings. I do this to gain a pulse on the market and obviously, to gain a listing. I have had some awesome phone calls with some that have either just listed 10 properties our are about to offload 50 properties. In those two situations, they had agent help already, but it encourages me. Other investors just aren't looking to sell. My approach is to just have a conversation with local investors and if I get the listing that's great. Still being a seller's market and with prices still high, I see more willing sellers.

Do you see this as a worthwhile effort? Are there more efficient ways to acquire investor business as an agent? Any feedback would be great. Thanks!

Hello BP and Investors!

My name is Nick PE and I am a boots-on-ground Agent and former Property Manager in Milwaukee, WI. I have joined an investment focused RE team in Root River Realty out of Keller Williams. I am analytically and strategically minded. I have countless spreadsheets of Milwaukee appreciation, rents, and neighborhoods. I have listened to over 500 hours of BP content, read countless recommended books, and watch macro economics on a daily basis. As an agent I act as an investors advocate and extension of their business running numbers as well. 

If you are an investor looking to get connected in southeast Wisconsin, please reach out. I am looking to build up my sales business and deep dive into all things real estate investing. Thank you, Bigger Pockets!

To invest in Milwaukee, it is helpful to analyze each neighborhood based on your goals. Here is a public resource that my client's find useful https://city.milwaukee.gov/police/Information-Services/Crime... 

For ideal buy and hold with cash flow and rental demand: Silver city, Burnham Park

For appreciation and rental demand: Riverwest, Bayview (higher taxes)

Lower turnover, better rents: Capitol Heights, Nash Park

Value-add and rent out: Harambee

Highly recommend! Rebecca and Nick are greater Milwaukee experts! So much to learn from Mr. Sturrock as well!