Introduction - Looking to invest in Northeastern Wisconsin
Hello all - I've been planning to get into some real estate investing in the form of buy-and-hold for some time, and decided that a good first step would be introducing myself here on BP! First question - how do I upload a photo!?
I'm currently residing in Chicago, but plan to move up to the Fox Valley area of Wisconsin, Oshkosh, Neenah, Appleton, even up to Green Bay. I've been looking for some time at multi-family units with the intent of owner-occupying when I move back up to the area. However, nothing is stopping me from getting into the game before then. I'd like to share an analysis of one property to make sure that I'm on the right track; see below. Most of the info I was able to get from the MLS listing.
Looking forward to further interactions with everyone!
Regards,
Ryan
Most Popular Reply
Welcome @Ryan Reynebeau! FV area is good place to be going for investing. Rents are decent and demand continues to grow. You'll find you have slightly less competition in FV than the hot spots in Wisconsin right now. I notice your utilities are blank in your analysis. What about common area utilities since you are looking at multi-families? If you are buying to avoid common utilities you will still want to budget a little for when a unit is vacant.
If you need referrals for a realtor or PM let me know. I have some good connections in that area.