People who know something about Milwaukee
In my fellow investors opinions who know the Milwaukee climate, what do you guys think of the zip 53208?
Most Popular Reply
@Eric Calabrese there are a few streets on the west side of 53208 that might be worth a look. At the end of the day you get what you pay for. Replacement value (as shown by your insurance bid) is often in the 200's for a SF and sellers would be happy to ask that much for their properties, but neighborhood issues dictate a steep discount. Can you invest there for cash flow? Absolutley! But as soon as you start to consider capex on a 10 or 20 year scale you will find that it will more than eat up the cash flow. I can hook you up with a number of people that are offering an entire portfolio for sale, because they have arrived at that conclusion. If you want to play in that market, buy a property that has some life left, rent it out for a few years and then try to sell it for what you bought it for, before it needs a new roof, plumbing etc...