I am a note investor and just purchased a note on W Vienna Ave. in Milwaukee, WI 53212. The home has 2 units. I would like to hire a investor friendly lawyer who can do a DIL or Foreclosure. I would also like recommendations on a good Property Manager.
Anyone investing in this area that could provide me details on this market would be greatly appreciated.
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If this property is east of Hwy 43 in 53212 then you are not in the "A" class of Milwaukee. Think a much lower letter grade.
Unfortunately that is the challenge with buying Multi Family via Non Performing Notes - if the property was generating cash the borrower would have done a modification already. The fact that it hasn't tells how consistently it is generating cash.
There are many foreclosures in the area. I manage a 8 family apartment on the 3700 block of Post Washington Rd 53212. You can find some good tenants but it will take awhile.
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