All Forum Posts by: Victor Kang

Hello investors/REA

Where are the hot spots in milwaukee right now and where are the places I should stay away from? I generally hear West Allis market area is good.

Please advise your expertise 

hi Marcus,

Great advice. Thank you.

Couple of questions. Yes, I do live in Los Angeles and the market here is not sustainable. If I invest in Milwaukee, can't I form a team? Trustworthy contractors, property management and realtors? I do own my own business so it gives me more room to travel just in case I need to be there.  From your professional experience, I suppose this is too risky?

Hi Joshua,

Just looking for options. Although Oconomowoc and Mequon are both quite a ways outside Milwaukee, i heard the market/community there is on the higher end. Just trying to get some input. Do you prefer Milwaukee over the other 2 cities for flips/holdings?

Hello,

I am relatively new to real estate but I have been wanting to the BRRRR strategy in Milwaukee for quite some time now. I want to connect and form a team of experts. I am looking for REI in Milwaukee, as well as contractors. I am looking to invest in Oconomowoc and Mequon. I am open to other markets as well, as long as it's not in the suburbs. I am currently looking for Class B/C single family homes/duplex/tri/four that needs some work done.

Let's connect!

Hello I understand the concept of running the brrrr strategy in single family homes but I am having a rather hard time understanding the strategy in multi family scenarios. For instance, let's say I purchase a 10 unit apartment building at 70% market value. I want to fix up the units to meet the standard market value. How can I do this when the property is occupied? 30-50% occupancy? How will I rehab the property and refinance if the tenants are living in the units? Can someone help answer this question? Thank you so much!

Hi Christopher,

Thank you for your response. I'm not looking to jump into the market without knowing. I'm thinking of getting to the know the market and invest in about a year when I am ready and have a thorough knowledge. I can't seem to find any multi families in Summerlin but I have found some in Henderson. Can you advise on the cap rate and building class in Henderson and Summerlin? This information will help a lot.

Thank you. @Christopher Brainard

Hello real estate gurus

I was thinking of doing some REI in Las Vegas. I currently live in Los Angeles CA and as many of you know, Los Angeles is pretty much out of the question when it comes to real estate deals. I'm currently looking into the Las Vegas territory, however, I know nothing about that market. I have about 200,000 dollars I can use to invest and with that money, I can go a long way, especially in Vegas. So my question is, can anybody tell me the buildings A, B,C in Las Vegas? What area is good to invest in? I'm either looking to do the BRRRR strategy or just buy properties and hold. I was told the new seasoning wait time is 6 months for the BRRRR strategy, is this true?

Another question - if you had 200,000 to invest in Las Vegas, which route would you take? I would like your input.

Thank you!

Thanks Vamshi Ill look into that. Thumbs up~

The property does in fact make positive income after debt service, tax, insurance, repair/capex. Not much but there will be cash flow. I still need to study and looking to invest in about a year or so when I gain more knowledge. After hearing all 3 of your answers, I assume my math analysis was correct. I guess Banks are a rip off haha. Thank you Frank, Franco, Omar for your answers =)

Everything I mentioned is hypothetical. Im just trying to figure out the numbers and was wondering if my math was correct. I understand I need to first figure out the basics first.