Wisconsin #1 best State for investors according to Google searches
Where is the best place to invest in real estate?
I always liked Brandon Turner's response to this question: the market you know best and where you have a great team.
If your answer is Milwaukee, you should check out the RPA (local non profit REIA for landlords since 1974 - www.rpawi.org), maybe swing by at the REI-CON2023 in Milwaukee on October 27th, and check out the Brew City FB group! Also, I post a monthly market update on YouTube with a lot of local data - something that I have a keen interest in as I have been investing in Milwaukee for almost 15 years.
Milwaukee has a relativley low median price and it is still possible to cash flow right of the bat, even in a quality property. We have seen high single digit appreciation every year for the last 8 years and I see no reason why this should chnage any time soon. There is a catch however: we have a lot of old houses and in some neighborhoods they get sold really cheap, in which case the cashflow looks great (well, too good to be true actually) and over time capex tends to exceed cash flow (give it 5 years).
As a city we have bad experience with OOS owners, who buy sight unseen, don't want to invest in their properties and just care about cash flow. I think that is a very shortsighted approach. And it gives investors a bad name. What we need are people who understand this and are willing to make their assets (and the neighborhoods) better than they found them. And you can still be very profitable - especially in the long run!
Here is the article: