Wisconsin Investing?

5 Replies

Hello BP'ers!

Any investors in the Milwaukee, WI area that can provide feedback on investments in the area? I've been reading a lot about the area and wanted some local advice. I'm looking to buy and hold in the area, focused on cash flow, single family, class B-/C+, working class families.

- Is WI a landlord friendly state? What's the average eviction process? Length of time, costs?
- specific areas to look out for? Reading that North can be rough. Any rule of thumbs e.g. Stay between 33th and 70th street?
- actual vacancy rates (I will plan for 10%)
- stable economy with good jobs?
- overall experience?
- recommendations for great property management companies, real estate agent, and general contractors?

Thanks in advance BP'ers!

Yes WI is generally a landlord-friendly state.  If you file an eviction you can get a court date in about 2 weeks and generally get someone out within the month.  The filing cost is just $98.00.

Thanks for the feedback Dawn. I'm looking for class C+/B-. Any feedback on location stay away from xyz areas?

@Lena Hanson send me a PM and I can give you some information on neighborhoods and my experience thus far.

@Lena Hanson There are many investors who like the north better than West Allis (the west side of the south side). If you stay in the B- you will do fine. Just cross check everything people are telling you via BP. 

Good Luck, 

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