Congratulations Mike! What a great way to get started in REI!! Feel free to join our free local forum, Brew City REI Club where vast amounts of local REI information, contractors and tips are shared. I also like Milwaukee REIA for networking and REI tools.
Hope to see you at one of the REI events around town!
Congrats. My spouse and I are considering Milwaukee for out first out of state investment. We live in Florida. I am excited to hear your. success.
Congrats Mike! Your rent to value ratio is telling me that you opted for a quality asset! Good for you! And BTW - most likly your property will be a full 1% not so long from now, as rent is creeping up at least at the rate of inflation, while your 30 year mortgage payment remains fixed.
Congrats Michael on your triplex. I had a triplex in Cudahy as one of my early investments and moved up to 4 fam's mainly in Bay View and south of that. Your in an area that should outperform others. I hope you have parking there its quite a challenge on the east side!
Thanks everyone for reaching out! I should clarify and say that with me living in one unit the income from the other two units gets me to the 1% rule. If I were to move out and rent out all three units, I would be around 1.5% rule. The triplex has a 3 car garage so luckily parking for me isn't an issue.
I am already looking forward to my next deal once I save up enough money (if I can't find a way to invest with no or low money down before that).
Househacking and roughly 1% rule, excellent!!!
Congrats on the three family i used to live in a three family in Cudahy now I have moved to 4 fams from there
Share some of your numbers with us!
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