Co-owner or Private Lender? (Milwaukee Market)
Hello fellow Pocketers!
In my neighborhood there is a property that I have been following, because it is distressed. I don't know the gentleman owner personally, but know that he is elderly. Well, as of about a week ago, he had a health issue. His daughter asked that he come and live with her in CA. He did. It is a solid house in a top-notch neighborhood with one of the best schools in the state of WI. The house just needs cosmetic updating. The price is great for this area!
I am putting an offer on this house tomorrow morning, probably all cash, BUT I wanted to do a shout-out to see if anyone would be interested in co-owning or private lending?
This is a 1st tier, lake shore suburb of Milwaukee, WI. Zip code 53217. I have been waiting for this house to go on the market for over 2 years! Deals like this are hard to come by in this neighborhood. It will be snatched up fast in this location. This is a 2% rule investment.
Anyone who wants more details, please check out my BP profile and send me an e-mail. Right away! I'm making an offer tomorrow morning before 12noon CST.
If you've been wanting to get into the Milwaukee market, this is a no-brainer. I have over 10+ years experience in property management and will be the person to manage the tenants. This will be corporate housing for, probably Johnson Controls or Harley Davidson employees $$$.
Thank you for your attention.