All Forum Posts by: Jordan P.

@Tomas Saenz Bayview is an excellent neighborhood to fit your strategy.  I have to warn that it's very competitive, and deals are more difficult to create without paying top dollar.  The outlook for the area is very, very solid.  It's in a prime location that's only going to continue to become more sought after - right on the lake and situated so close to downtown. You're going to have better luck with the "fixer uppers" in Milwaukee that meet your house hacking strategy in transition neighborhoods like Riverwest. 

I'd recommend connecting with a local investor focused real estate agent.  The Milwaukee market is very hot right now and there's high demand.  Deals are still available to be created, but they need leg work than in the past.  Marcus Auerbach has an excellent video analyzing Milwaukee's market trends that's worth the watch.

@Petur Karlsson You hit the nail on the head looking at more comps to give you your answer.  Generally the kitchen and the master bath are going to affect your appraisal value the most, so they'd usually be worth tiling. LVT for the kitchen and second floor with carpet in the master bedroom and tile in the master bath would be my general recommendation without knowing the comps or the price range of the property.  However, if you've checked the comps and they haven't made a big difference, LVT isn't going to hurt your appraisal value.  Carpet in a master bedroom is a nice touch as it won't get the same wear-and-tear that it would from a high traffic space like a living room. But again, if you'd feel more comfortable with LVT and not want to deal with carpet cleanings whenever your tenants turn over then choose LVT throughout. 

You mentioned that you're on the hunt for time and cost savings. With that being the case, LVT throughout the whole house is going to give you both of those.

You mention that your current job is highly stressful. If you use this property as cashflow and leave your job sooner, what could you do with way less stress to deal with? Would it let you spend more time looking for more home run deals? Would you be able to spend more time with your family? These are just some factors to think about. You could always 1031 it into a larger project that also cashflows well somewhere down the road