Buy and Hold Rentals in Janesville and Beloit, WI

[Adam Ramsey]

Hi Everyone,

I am looking for advice on the Janesville and Beloit markets in Wisconsin. I currently live in Madison and am a Real Estate Agent with a Property Management firm here in Madison. I am very familiar with the Madison market. I have a duplex that I owner occupy here that works great, however finding a new deal that makes sense is difficult in Madison.

I grew up in the Janesville area but really am not familiar with it anymore in regards to the neighborhoods. I tend to migrate towards small multi family but am open to single family. Are there certain areas of either Janesville or Beloit to definitely stay away from? I always hear to stay away from the 4th ward in Janesville. I plan on driving hopefully both areas over this long weekend to get a feel them. Also, arguments for Beloit over Janesville or vice versa?

Lastly, anyone know of any good management companies in the area? I'm unsure of whether I'd self manage or not.

Any advice and starting a general discussion on the area would be great!

[Jack Medford]

Hi @Adam Ramsey! I have a couple recommendations for you. First, if you have the time, check out the BP Madison meetup. We meet every other Wednesday, with the next meeting being January 3rd. You can connect with @Hussain Harun if you would like to be added to an email list that will remind you of the date, time and location of the meetups. The meetups have been super helpful for those of us who attend regularly. 

The other recommendation is to reach out to @Kole Kingslien. He lives in Beloit and focuses on that market, as well as Janesville. He is a regular at our meetings, so you can also connect with him there.