Second Property?
Hi Everyone!
I currently own a 3 family which I also live in, in West Allis, Wisconsin that's pretty nice and cash flows well. I am looking for a purely investment duplex in the $100k and below range. My realtor isn't sure about me looking in south side Milwaukee or the Washington heights area. But I'd love to hear from someone that owns and works with lower quality properties that might be able to give some insight? I like the idea of less money into the property with decent cash flow, but would love to hear your thoughts on managing these properties and how you mitigate your risk with the tenants with these cheaper homes?
I'd be open to hearing about good neighborhoods also if someone has a recommendation!