New to Real Estate and Eager to get started in 2024!

[David Johnston]

My wife and I are ready to make the steps to get rid of our "9-5" and begin investing in real estate. We are based in Wisconsin and have been researching into either STR, MTR, or LTR. We are wondering if anyone else is in the Wisconsin market and has experience using BRRRR method. We also have a large interest in RV Parks, so if anyone has insight to those we are all ears! In general we are very excited to learn from the Bigger Pockets members and look forward to learning all we can!

[Marcus Auerbach]

I have been BRRRR-ing since 2008, but the last few years have been increasingly tough. With ultra low inventory sellers don't have a reason to negotiate a discount, so taking on a 60k rehab does not make much sense. But I am still very bullish for our market, especially for Milwaukee - we have been one of the hottest markets in the US in 2023 and that is probably just the beginning. We are priced still so much below the national average and with remote work that will equalize over the next decade.

You don't need to make all your money from your first deal. Important is that you get started. Join a local association, LTR is probably easier to get started and generate cash flow. Nobody ever regretted buying a quality property in a good loaction, but that keeps risks close to zero and get's you on track for many more to come.