First time investor in Racine, Who else is in the area?

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First time investor in Racine, Who else is in the area?

Dean Wells
Paddock Lake , WI · Member since 2017 · 21 posts · 13 votes

I'm rehabbing my first rental property in Racine.  It is just me and my wife working evenings and weekends.   Who else is working in the Racine, Kenosha area?

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Rebecca KnoxBusiness Member
Specialist · Milwaukee, WI · Member since 2014 · 1k+ posts · 1k+ votes
7y

There is a Racine-Kenosha REI group----KREIA. They meet once a month.

Captain Save-A-Home LLC
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  • Justin CambraPro Member
    Rental Property Investor · Seattle, WA · Member since 2017 · 48 posts · 29 votes
    7y

    @Dean Wells I too am just getting started in Racine. I purchased two duplexes a couple months ago. 

    2Reply
  • Rebecca KnoxBusiness Member
    Specialist · Milwaukee, WI · Member since 2014 · 1k+ posts · 1k+ votes
    7y

    There is a Racine-Kenosha REI group----KREIA. They meet once a month.

    Captain Save-A-Home LLC
    WebsiteView Page
    4Reply
  • Brock Mogensen
    Real Estate Syndicator · Milwaukee, WI · Member since 2018 · 1k+ posts · 907 votes
    7y

    Hi Dean,

    I am located in Kenosha and invest in SE WI area.

    As Rebecca mentioned, KRREIA is a great event with many people that invest in this area.

    2Reply
  • Michael Kretch
    Rental Property Investor · Chicago, IL · Member since 2017 · 30 posts · 18 votes
    7y

    Hi Dean,

    I have several rental properties in Racine and rehabbing my first in Kenosha as well.

    2Reply
  • Jack Medford
    Investor · Nipomo, CA · Member since 2014 · 366 posts · 401 votes
    7y

    I've got a duplex in Racine, but primarily focus on Milwaukee for my investing. @Krisjan Olaf Aukland does a lot of investing in Racine, though. 

    3Reply
  • Jason Ericksen
    Rental Property Investor · Portage, WI · Member since 2018 · 33 posts · 11 votes
    7y

    Racine and Kenosha both seem like great places to invest. I plan on expanding into those areas once I have established myself in the Madison area. I have family that lives in Racine and feel it is a ripe area for investment. How do you all feel the Foxcon deal will affect the areas?

    0Reply
  • Dean Wells
    OP
    Paddock Lake , WI · Member since 2017 · 21 posts · 13 votes
    7y

    Thank you, Rebecca and Brock, I will check out this months meeting.

    0Reply
  • Dean Wells
    OP
    Paddock Lake , WI · Member since 2017 · 21 posts · 13 votes
    7y

    Jason, I drive by the building site several times a week.   They keep announcing more partnerships with local schools, businesses, and buying more properties for technology development centers.  Even if they don't meet their estimated 13,000 direct hire jobs @ $56000 a year plus benefits, plus 7,000 supplier jobs, half that many jobs in Racine will make a huge improvement in the local economy.     

    2Reply
  • Aaron Stuiber
    Real Estate Consultant · Milwaukee - WI · Member since 2018 · 142 posts · 73 votes
    7y

    I have multiple listings in Kenosha and Racine and this is the first time exploring the investment opportunities in the area. I've learned alot within the past 4 months and while driving and working with investors in  Racine I've seen many opportunities especially as you head closer towards the lake. The crime rates in some areas are still high but as  job outlooks increase and diversify I believe within the next few years we'll see quite a change and upward tic in profitability. There many investors in the Milwaukee and waukesha area that are strong believers in the area concerning multi-family buildings, so there are many that're very hopeful for the future of the area. 

    1Reply
  • Brian Norby
    Waukesha, WI · Member since 2019 · 2 posts · 1 vote
    7y

    My wife and have been investing primarily in the Milwaukee land area but keep seeing more and more deals in the Racine Kenosha market. We also run a structural engineering firm that has seen a spike in requests from investors in Racine. Seems like an improving market.

    1Reply
  • Sam Deyine-Barth
    Racine, WI · Member since 2018 · 8 posts · 2 votes
    7y

    Hi there,

    I'm joining my girlfriend in Racine, WI in few days!

    I'm a totally new investor in the area, so if you have a mentorship spirit, don't forget to message me! I will appreciate, read and answer with pleasure! 

    That's BP purpose, right? :)

    1Reply
  • Andrew C Hammes
    Rental Property Investor · Racine, WI · Member since 2018 · 10 posts · 5 votes
    7y

    Hi dean, I've bought a Triple and duplex on Racine's south side by the lake. I've always been amazed the area was as bad as it is with the proximity to the lake front. Main St. has always been nice but only 2-3 streets inland and you can see quite a difference. That being said, I have definitely seen improvements over the last 5 years being here. More so since Foxconn was announced...the forestry department actually trimmed the trees down the streets so it doesn't look like an overgrown, forgotten area!  Downtown has had some vacant buildings tore down and rebuilt and the Azarian marina which looks like 8 acres of decrepit warehouses has been torn down in the last 6 months which gives me hopes that development is starting to ignite.  

    I have had good luck with renters and income by providing newly remodeled properties that I actually take care of. I recently partnered up with two others and bought 2 duplexes in Milwaukee that we are currently doing complete rehabs on. If you have any questions, ask away. I also lived in camp lake for a short time.

    1Reply
  • Kevin M Finley
    Developer · Kenosha, WI · Member since 2017 · 141 posts · 91 votes
    7y

    Hey Dean, Great meeting you last night! It's also great seeing how many are active on this local forum- I had no idea and rarely check BP unfortunately. 

    I've personally flipped two homes in Racine and am aggressively looking for more. Right now there does seem to be some "soft spots" in the market however, but it could be attributed to the holidays etc. 

    2Reply
  • Sam Deyine-Barth
    Racine, WI · Member since 2018 · 8 posts · 2 votes
    7y
    Originally posted by @Rebecca Knox:

    There is a Racine-Kenosha REI group----KREIA. They meet once a month.

    How can I contact them?

    Any info?

    1Reply
  • Rebecca KnoxBusiness Member
    Specialist · Milwaukee, WI · Member since 2014 · 1k+ posts · 1k+ votes
    7y

    Look up KRREIA on Facebook or Meetup.com.

    You are welcome to join our group as well, Brew City REI--you can find us the same way. There are plenty of Racine investors in our group but our physical meetups typically take place in Milwaukee unless they are POP UP events at other members projects.

    Captain Save-A-Home LLC
    WebsiteView Page
    2Reply
  • Kevin M Finley
    Developer · Kenosha, WI · Member since 2017 · 141 posts · 91 votes
    7y
    Originally posted by @Sam Deyine-Barth:
    Originally posted by @Rebecca Knox:

    There is a Racine-Kenosha REI group----KREIA. They meet once a month.

    How can I contact them?

    Any info?

     Hi Sam. I am one of the organizers of KRREIA. I would encourage you to check out our monthly meetings as well as the WISCOREIA monthly meetings, both held in Kenosha. 

    https://www.facebook.com/groups/1892119737699944/

    https://www.facebook.com/wiscoreia/

    1Reply
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