Investor · Milwaukee, WI · Member since 2013 · 10 posts · 0 votes
Hi All,
I'm an investor who owns a couple duplexes in the Washington park area of Milwaukee. I'm going to buy a couple properties this year but I haven't bought a rental in over 5 years so I don't feel like I know what neighborhoods to absolutely avoid anymore.
I don't mind where my properties are now, its not the greatest area but I don't feel threatened getting out of my car.
Can anybody give me some insight on neighborhoods to buy in?
FYI I'm purposely looking in lower income neighborhoods for cheaper high cash flowing units.
Rental Property Investor · Milwaukee, WI · Member since 2013 · 6k+ posts · 4k+ votes
11y
There are good and bad pockets in Milwaukee. Generally, I prefer the non-warzone areas myself. Some people do invest there, but it's just not for me. I think the "warzone" area is generally the inner city.
Investor · Milwaukee, WI · Member since 2013 · 10 posts · 0 votes
11y
thanks Darren. That's similar to my general rule as well.
Thanks dawn. That's exactly what I'm trying to find is properties not quite in the war zone. I don't mind questionable neighborhoods since my first 2 rentals make me a good chunk of change. I'm really just trying to find some decent properties that will make me a nice cash flow. But I also don't want to feel like I'm going to get shot when I go to my property.
Nick. That is a very good idea. I never thought about that.
Milwaukee, WI · Member since 2013 · 384 posts · 109 votes
11y
@Thomas Lee I basically agree with Darren's boundaries, though I've always looked at Holton St. as the eastern boundary rather than I-94. That leaves a lot of areas on the north and northwest sides of town with inexpensive homes and great cash flow.