does the 50 percent rule hold up in wisconson still?

[Brad Pietrzak]

I'm asking because I notice property prices are pretty affordable. but the property taxes can be attrocous in some areas of Milwaukee and it's suburbs. so I was wondering if that changes this rule of thumb for evaluating a deal or not. would it matter if I manage my propertys my self. I just moved to Milwaukee so I am still learning alot

[Joshua Martin]

Holds up depending where you buy. be very careful in studying neighborhoods, the tenant base, and the prevalence of crime. If you're looking for B class property and the 2% rule, not happening. Certain neighborhoods you might seem stable enough and you can still hit that. We just bought one on the fringe (a line I'm comfortable with - unless experience changes my mind) that actually hits more like 3.5%. good luck!