All Forum Posts by: Pat Griffith

Looking for some advice on how others have structured a 3-way partnership. 

Partner 1 brings in deals and manages the business 

Partner 2 brings repair and renovation skills 

Partner 3 lives out of the area and brings capital 

What is a fair way to structure/put a value on the partners finding the deals and managing the business. Is it fair to expect the capital partner to bring in the down-payments since they wouldn't be bringing anything else to the partnership? 

The Midwest often flies under the radar in real estate discussions, but savvy investors are taking notice of this region's immense potential. Here's why the Midwest is one of the safest areas to invest in. 

1. Affordability: Compared to coastal markets, Midwest properties offer significantly lower entry costs, allowing investors to acquire more units or higher-quality assets for their capital.

2. Steady appreciation: While not experiencing the dramatic spikes of some markets, Midwest real estate has shown consistent, stable growth over time.

3. Strong rental markets: Many Midwest cities boast robust job markets and growing populations, creating steady demand for rental properties.

4. Diversification potential: The region encompasses diverse markets - from revitalizing rust belt cities to booming tech hubs - allowing investors to spread risk across different economic drivers.

5. Less competition: With less attention from institutional investors, individual buyers often face less fierce bidding wars.

6. Higher cap rates: The combination of lower purchase prices and solid rental income often results in more attractive returns compared to overheated coastal markets.

7. Economic resilience: The Midwest's diverse economic base, including agriculture, manufacturing, and emerging tech sectors, provides some insulation from market volatility.

As an active investor in Wisconsin and Minnesota I have seen a lot of great growth from appreciation and rent. Not to mention the lower cost insurance and climate stability compared to other markets.

Where are you planning to invest next and why? 

Town homes can be a good starting place depending on the restrictions. There is typically a little more regulation with what can and can't be done in certain town homes. Would you be living in the town home and house hacking? Or looking to do a stand alone rental? 

@Corina Eufinger thanks for the insight! I haven't spent much time in the Rock Co area but it looks like you guys are doing awesome projects there! 

Hey BP community! I am new to the forums and am looking forward to connecting with other investors. I personally invest in La Crosse, Wisconsin with a mixture of LTR's and MTR's ranging from single family to small multi-family. I'm curious what other cities and states in the Midwest are popular for you guys to invest in? There seems to be a growing popularity with higher cash flow and growing appreciation in these markets as higher priced markets keep getting out of range for numbers to make sense. Looking forward to connecting! 

Hey Adam, I am looking forward to coming to the REIA meetings.

My name is Patrick Griffith and I am an agent/investor in La Crosse, Wisconsin. I have done everything from house hacking, short term rentals, and flips. La Crosse is a great place to start investing with 4 local colleges, 3 major hospitals, and several large companies there is a high demand for rentals. Looking forward to connecting and learning from this awesome community!