All Forum Posts by: Jack Medford

Hi @Account Closed! I'm in the Madison area as well. Happy to help with connections and answer any questions as you're getting started. 

In case you're interested, we've got a virtual meetup every other Wednesday for Madison area investors. The next one is tomorrow evening. If interested I can forward you the invite for the meeting. 

@Brian Conne and @Andy Crooks. To clarify, I don't expect 2021 to be a buyer's market. Just that I expect the rounding off of inventory to continue. Even with COVID we've yet to see inventory hit the low it hit in 2017. The soonest I'd expect the market to shift is 2023. That is based on the previous market cycle data, where inventory began jumping in 2004, well ahead of the 2007/2008 crash. 

"it’s hard to see supply ever catching up with demand in Madison metro"

Famous last words. ;) Remember how confident everyone was in the narrative "housing always goes up" before 2007? It may take a few years and the catalyst may not be obvious at the time, but at some point, this market will flip.

Thanks for sharing what you're seeing! Curious to hear your what your expectations for inventory are this coming year. I was expecting more inventory in 2020, but then COVID hit and we saw an overall decrease. I've been thinking 2021 might bring an explosion of inventory as sellers who held off in 2020 might jump back in. 

As far as what I'm seeing... Here's a few charts/figures from my latest Q3 report on Dane County.

Surging demand leaves us with the lowest SF inventory levels in history. Listings are doing their best to keep up. 27.6% year over year increase in Accepted Offers makes it tough, though. 

Here's the reason for my personal expectations with inventory...

We appear to be rounding off the bottom of our inventory range. It may be that we head lower on inventory and ever higher with prices, but seems like it has to stop at some point. 

Let me know if you'd like the full report. I break down the 6 sections of the county: West Metro Madison, East Metro Madison, Dane North East, Dane North West, Dane South West, and Dane South East. 

Welcome to BiggerPockets @Kevin Haukom. I'm also in the South Central Wisconsin area, just west of Madison. We've got a local meetup for BP investors. The next one is a virtual meetup on Wednesday, Nov 4th. We've got private money lenders as well as flippers and buy and hold investors that can hep with advice and getting you connected to the local scene. 

Feel free to reach out for more info about the meetup. 

Hi Ta'Quadre. I'm not as familiar with the REIA, but their site usually lists their upcoming schedule. I help organize a BP meetup for Madison area investors. Feel free to PM me your email if you'd like to be notified about the next meetup. 

We've got a virtual meetup planned for Wednesday, Nov 4th. Details should get posted to BP at some point, but if not, all details will be in the email. 

@Cody Merkes The next Madison meetup (currently virtual) is this coming Wednesday. IF you PM your email I'll add you to the email list. We'll have the details for the next meeting coming out shortly. 

@Chela O'Connor

@Chela O'Connor and @Hussain Harun are the hosts of the Madison Real Estate Investors Club meetup. There was just a virtual meetup this past Wednesday and will have another on October 7th. 

@Chris Webb If you'd like some help getting to know the Madison (and surrounding area) market as you look into relocation, let me know. I'm a big numbers guy so I can help walk you through the market as it is today and give you some insight into the history of property values.

@Cody Neumann We've got one for the Madison area. @Chela O'Connor should be posting the details on BP in the next couple of days. We've been doing Zoom meetings since the shutdown in March, so it'll be easy for you to jump on. The next meetup is Wednesday the 13th at 7pm. 

I'm not really a wholesaler, but I am active in looking for deals. Feel free to ask any questions as you're getting started.