All Forum Posts by: Joshua Van Every

@Rebecca Knox We currently live in the Greenfield/West Allis area.

@Mindy Jensen I couldn’t agree any more!

@Jim K. I hear you. He knows the better decision was made. - thanks for the feedback

@Michael Belmore thank you, appreciate your perspective.

@Jonathan Greene that’s helpful to know moving forward. Thanks for your response!

Hey guys,

Yesterday I put my first offer in on a beautifully remodeled flip. Everything from the electrical, plumbing, roof, interior and exterior was brand new. I’m in Milwaukee and it was located in West Milwaukee/Southside area. My initial plan was to invest into multi-family units. But after evaluation and getting numbers back on expenses vs income, I’d cash flow about $500 on 5 bdr 2 bath.

My realtor said the offer we put in was very strong and gave the option to waive the inspection saying he had previously seen this happen on a property that was fairly new as well. However, I wasn’t comfortable taking the risk of waiving the inspection contingency and out of the 12 offers, we lost. My realtor was confident we would’ve won if I would’ve waived it but understood my concern. Someone suggested having a “basement expert” come in for a small cost and give the green light or to hold off and we didn’t find one in time.

Is this something common to waive inspection on properties that are in bid wars? If so, is there something I can do to analyze better myself? It seems like a crap shoot. Any experience or advice would be helpful!

Greetings - New to BP and REI. Born and raised in Milwaukee. I am looking to invest in residential and multi-family units to buy and hold. Curious to hear advice and differing ideas on key areas for the Milwaukee market overall. Would love to connect with new and seasoned real estate professionals in the area!

Appreciate any and all insight. Thank you!

Joshua