New to real estate in Wisconsin

8 Replies

Hi, I am a 19 years old studying finance and real estate at the University of Wisconsin-Madison. I'm new to bigger pockets and am looking to connect with this community of people in real estate. In the upcoming months my goal is to start with smaller multi family properties and to scale as fast as possible whether it is with myself or through partnering. I'm hoping to connect with as many people as possible to get some guidance. I do not know much about real estate and anything you can do to help is well appreciated. I am not limiting myself to multi family and would love to hear thoughts on all paths real estate presents. Lets Connect!

Hi @Max Schieble welcome to BP and congratulations for starting at an early age! You have time on your side, that is a ressource we have no control over. Listen to the podcasts, read some of the books published here on BP. You can also joing the Brew City facebook group. Feel free to PM me if you have any particular questions.

Hi @Max Schieble ! Welcome to BP! It's exciting that you are looking to get started in real estate so young.  The biggest regret you will always hear is people not getting started soon enough. Pick a local networking (or two) and commit to going.  Supplement it with online networking like here on BP and other FB groups. 

Welcome to the Enlightened!

Student housing is a lucrative niche in Madison. Consider acquiring a property that you can "house-hack", i.e. live in with housemates that pay you enough rent to cover mortgage, utilities etc. If you find the the process of REI suits you then you have your 1st income property when you graduate. If you find you do not like the whole landlord thing you can probably sell at a profit when you move on.

Welcome to the BP family @Max Schieble ! Glad you joined the best real estate investing website!

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Wishing you the best!

@Max Schieble

Welcome to Bigger Pockets!

This is a great place to learn and network. A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

If you've had employment history for the last two years, try an FHA loan for duplex near the UW campus and live there while renting it out to other classmates. You can live in it until you graduate (while renting out the other unit and rooms in your unit), sell it when you're done, or move and continue to rent it out since you technically only have to live in it for a year.

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