All Forum Posts by: JR Green

 Thanks brother! I appreciate the wealth of knowledge on this platform. It's well worth the investment!!

Wow! Thank you all for the wisdom and experience shared!! Glad I came here for advise rather than listening to the couple of relators I spoke with. Being that this will be my first rodeo, I think I'll start investing in a market closer to my home in Nevada.

 Joshua, thanks man! It sounds like having the right team in place is the key! That's going to be tough!! I've got my work cut out for me.  

From your experience, would paying for a really good property management co. help mitigate some of these issues? Or is this just the nature of the beast?

Thanks for your expert advise, brother!

 Thank you!!

Hello BP,

My name is JR and I'm a newbie investor with $65k and looking to invest in Milwaukee, but don't know the market well enough. I'm from Nevada so do I need to be boots on the ground checking out the market there or can I save some money and make things happen over the phone and online? I've listened to over a dozen podcast's since being introduced to BP and I have thousands of hours more to go before I think I'll have better understanding of the BRRRR method. I'd hate to be stuck in analysis paralysis so looking to get into my first deal so I can get my feet wet. But, am I getting ahead of myself?

Right now I'm looking at a few multi family units that are going for a little over $5,000. The properties are open to all buyers and the essential scope of work for one particular property is $43k and other work needed totals to 53k. It's a duplex with 2/1 in each unit. It'll prob need an extra 20k for good measure. There's a Milwaukee Home Buyer Assistance Program that I can apply for and receive forgivable loans up to $20,000. I'm hoping the cities estimates on the essential work are somewhat accurate, but I'll do my part and get another set of eyes on the property and see what their estimates are. If everything goes to plan (i just jinxed myself lol) once the rehab is complete, according to other 2/1 units in the area I'll be able to rent out each unit $1,000/mo - 1,300/mo. ARV on similar properties in the area are $150k - 175k. The other option is to purchase a multi family unit for around 50k - 65k that are already being rented out totaling $1,400/mo - $1,500/mo. They're in livable conditions but looks like some much needed TLC is needed.

Hope I made some sense with what I'm asking. Heck I hope I'm asking the right questions. I'm very new to all of this so any advice is greatly appreciated! Thank you!