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what types of property should i be interested in to have the best cash flow opportunities

  • April 18 2012 - Milwaukee
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Answers (7)

If you would like some local realtors in the Milwaukee, WI area, that are very good I would be happy to pass on some names to you.
  • April 05 2013
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The key to investing in Real Estate is similar to any investment.  Knowledge is the key.  I have shifted my investors from one area to another based on market reports.  There is no trick to investing it is simply knowing how to track market trends.  No guess work, just a little bit of work.  Once a target has been set, I can set up a computer program to track markets by the day, week, or month.  Some areas in Milwaukee have doubled in market price over the past 6 months while others have lost 50% or more.  Since investing in rehabs takes time, knowing the market is very vital.
  • October 05 2012
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I don't know the market, but that seems like it's worth looking into.  There is some information on there that looks funny (lot size, it's marked as multi-family, but only has one restroom etc).   Contact a Realtor (KerryAnn?) and have them check to see what's in the broker's notes.  If it's not a deal breaker, then set up a viewing, start researching rents, get an idea of what your repair budget will be.  Getting financing on investment properties is a little trickier than on your primary residence so you'll probably want to start looking into that ASAP. 

Best of luck.

  • April 23 2012
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http://www.zillow.com/homedetails/853-S-75th-St-West-Allis-WI-53214/83870709_zpid/

what do you guys think about this property??
  • April 23 2012
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The rental market in Milwaukee is pretty hot.  Any property type you choose where the income exceeds the expenses will do nicely.  This is happening in the inner city as well as some of the suburbs. The main focus you would have is how much you need to put into the property to make it "liveable" as there is still quite a bit of distressed inventory out there, but even those are starting to move quickly now.

  • April 23 2012
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My investors have had the best experiences with 3 bedrooms homes in blue-collar neighborhoods. They generally try to avoid large HOA payments (condos) and anything on the high end (prices are too high, relative to rents).

If you're strictly looking for cash flow, then you should also consider 2-4 unit complexes because they can be more cost-effective to manage.

Best of luck!
  • April 18 2012
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Profile picture for craigfial
I'm not familiar with Milwaukee, but any property is a good candidate, as long as the income exceeds the expences by whatever percentage you wish to attain from your capital.
Many people here in South Florida are OK with 8%-10% after expenses.  Some are a little less.  Luxury properties rarely cashflow.

I would probably recommend single family no Home Owners Association, for the best returns.  Hot market here.

all the best in your efforts!
  • April 18 2012
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