Finally Active Member! Milwaukee WI

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Finally Active Member! Milwaukee WI

Brian Feltz
Wholesaler · Milwaukee, WI · Member since 2012 · 138 posts · 27 votes

My name is Brian, I am a long time reader, first time poster. Ive been listening to the BiggerPockets podcast and reading as much as I can. I am beginning as a wholesaler with my plan being to build up capital and move into flipping and holding.

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  • Joel OwensBusiness Member
    Moderator
    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    13y

    Hi Brian,

    Welcome to Bigger Pockets and getting active by posting. Posting is fun because you can also get some of your individual questions answered.

    Podcast Guest on Show #47
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  • Brian Feltz
    OP
    Wholesaler · Milwaukee, WI · Member since 2012 · 138 posts · 27 votes
    13y

    Thanks Joel. I agree. I have been a passive member for long enough. Time to get out there and make some connections and ask some questions!

    0Reply
  • Dawn AnastasiPro Member
    Rental Property Investor · Milwaukee, WI · Member since 2013 · 6k+ posts · 4k+ votes
    13y

    Hi Brian Feltz, welcome to Bigger Pockets! I'm also in Milwaukee and there's quite a group of Milwaukee investors out there.

    Podcast Guest on Show #29
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  • Brian Feltz
    OP
    Wholesaler · Milwaukee, WI · Member since 2012 · 138 posts · 27 votes
    13y

    Dawn A. Thank you! I'd really like to connect with as many other Milwaukee and Wisconsin investors as possible! You never know where the next deal will come from.

    0Reply
  • Will BarnardPro Member
    Moderator
    Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
    13y

    Welcome to BP Nation Brian, glad you finally decided to engage. Stay active on the site and ask questions.

    Podcast Guest on Show #130
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  • Ramon Jenkins
    Real Estate Agent · Milwaukee County, WI · Member since 2009 · 3k+ posts · 525 votes
    13y

    Welcome , speaking on topic of wholesaling

    Their plenty of threads on the topic here on biggerpockets and
    next month local REI meeting will discuss this topic also, fyi

    0Reply
  • Brian Feltz
    OP
    Wholesaler · Milwaukee, WI · Member since 2012 · 138 posts · 27 votes
    13y

    Will Barnard Thank you. I plan on utilizing all the resources I can on Biggerpockets! The forums are great!

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  • Brian Feltz
    OP
    Wholesaler · Milwaukee, WI · Member since 2012 · 138 posts · 27 votes
    13y

    Jenkins Ramon I really enjoy the Milwaukee REIA meetings! They are great for networking and very imformative! Plus, it helps get me out of my comfort zone and interacting with other fellow investors!

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  • Erik Reichertz
    Investor · Hartland, WI · Member since 2013 · 17 posts · 4 votes
    13y

    Also from Milwaukee. Just joined recently. 26 looking to buy my first rental property, more of buy & hold type deal.

    0Reply
  • Brian Feltz
    OP
    Wholesaler · Milwaukee, WI · Member since 2012 · 138 posts · 27 votes
    13y

    Erik Reichertz, Welcome! What is your criteria on the rental property you are looking for?

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  • Erik Reichertz
    Investor · Hartland, WI · Member since 2013 · 17 posts · 4 votes
    13y

    Me and my grandfather set up an LLC each put 30k for a total of 60k. Might put in a bit more depending on the property we find. Just looking for a decent property with some cash flow 200k-300k range. Might go a little higher or lower depending on what we find.

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  • Arnie Guida
    Residential Landlord · Greenfield, WI · Member since 2013 · 299 posts · 126 votes
    13y

    Come on in, the water's fine!

    Welcome Brian.

    When and where are the Milwaukee REIA meetings?

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  • Brian Feltz
    OP
    Wholesaler · Milwaukee, WI · Member since 2012 · 138 posts · 27 votes
    13y

    Arnie Guida Thanks! The Milwaukee REIA meetings are the 2nd Tuesday of each month at Brookfield Suites. Look them up, Milwaukee REIA. They also have a real estate strategy and investing 101 meeting on the 4th Tuesday of every night at the same location. They are typically from 6-9pm. Dan and Eric, the founders are good guys and the people you will meet are all very helpful and accepting of investors at all levels!

    0Reply
  • Arnie Guida
    Residential Landlord · Greenfield, WI · Member since 2013 · 299 posts · 126 votes
    13y

    Thank you.

    0Reply
  • J ScottPro Member
    Moderator
    Investor · Sarasota, FL · Member since 2008 · 18k+ posts · 17k+ votes
    13y

    Welcome Brian!

    I do some rehabbing up in Milwaukee these days as well. What are the 4th Tuesday of the month "strategy" meetings about? I plan to be in town next week, and will likely be staying at the Brookfield Suites on Tuesday...so I'll likely be in the hotel during the REIA meeting.

    Podcast Guest on Show The Truth About Real Estate Investing in 2024 (What Investors NEED to Know)
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  • Brian Feltz
    OP
    Wholesaler · Milwaukee, WI · Member since 2012 · 138 posts · 27 votes
    13y

    J Scott Ive actually followed some of your posts about your Milwaukee endevours! The strategy meetings are basically a Q&A session. People bounce ideas off of other investors and ask questions and share advise and information about the local market.

    1Reply
  • Ramon Jenkins
    Real Estate Agent · Milwaukee County, WI · Member since 2009 · 3k+ posts · 525 votes
    13y

    @Arnie Guida, also there breakfast meeting
    on 3rd Wednesday of each month

    Example, this week for breakfast meeting was about 50 individuals

    One of conversations was about lease options here
    in Milwaukee / Waukesha county

    According to group of experts -> 20 percentage is the success
    rate of lease options here locally ,, example

    - A lot of lease options failing (here locally)
    - down payments not covering damages
    ( when lessee -> do not renew lease option or purchase
    - some our trashing the properties )

    0Reply
  • Brian Feltz
    OP
    Wholesaler · Milwaukee, WI · Member since 2012 · 138 posts · 27 votes
    13y

    Jenkins Ramon Thanks! I forgot about the breakfast meetings!

    0Reply
  • Shella Sanders
    Flipper/Rehabber · Dallas, TX · Member since 2015 · 91 posts · 31 votes
    8y
    Erik Reichertz have u gotten your first buy and hold yet.? What areas on milwaukee are ideal for buy and hold
    0Reply
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