All Forum Posts by: Gino Passante

Nick, I am a property management professional in the WI market. We have hundreds of clients who have taken both roads of SF/ MF investing. I would be interested in connecting to share some successes and failures with both options. Feel free to respond or Dm me to discuss this along with any target areas/ addresses you have been looking at. I can provide after repair value along with current market rents to clarify your decision.

Ken, I am a property management professional in the WI market. These statistics are important factors while looking to invest from out of state. However, every city has its neighborhoods with great upside. Here in Milwaukee WI a large percentage of the violence is isolated to a few specific areas that have struggled with systematic racism and poverty for nearly 60 years. While working with our out of state clients we place our primary focus on average household income along with surrounding industry in order to find a sustainable and safe investment . Feel free to respond here or DM directly, i would be happy to share current market rent rates along with sharing our experience in different pockets throughout Southeastern Wisconsin

Doolan, I am a property management professional in the Milwaukee market

Your old post caught my eye as we are located right in your neighborhood.

Congrats on getting into the Bay view market at the right time. How has the duplex been performing since your purchase last year?

Shoot me a DM, would love to discuss your model and future plans here in MKE

Jovann, I am a property management professional in the Wisconsin market

Southeastern WI is a great place to have on your radar

We get a ton of out of state investors like yourself due to the low entry/ high return

Feel free to respond here or DM directly, send your model and id be happy to share current market rent rates

Hi Jennifer,

I am a property management professional/ leasing agent in the Wisconsin market

South Eastern WI is a great place to have on your radar including but not limited to Milwaukee

The Eastside of MKE has great upside if you are interested in college based neighborhoods. 53202, 53211, 53212

Much of the demographic in these areas are young professionals/ graduates once you get a few blocks outside the UW campus

Out of the 100+ units we manage in the above zip our average length of stay is between 3-5 years with consistent rental increase due to the demand.  On time payments through the pandemic have been over 98% in these areas.

Feel free to respond here or DM directly, send some addresses and id be happy to share current market rent rates

Hi David,

I am a property management professional in the WI market. We handle full flips and renovations year round for our clients.  Best plan of attack is to follow many of the suggestions above from fellow members.  Pay the money to have it done right now by a plumber to avoid a costly disaster later.  If your contractors need to utilize water for any reason have them bring in external containers for use but only dump/drain outside. even after the plumbing has been drained and winterized its still a good method to have space heaters with temp limits (50-55) in the basement and facing the kitchen/ bath with all doors/cabinets open to avoid expansion/ contraction of the pipe material.  Good Luck!

Hi David,

I am a property management professional/ leasing agent in the Wisconsin market

What cities have you been looking into so far?

South Eastern WI is a great place to have on your radar including but not limited to Milwaukee

What are you looking to spend?

Are you looking in A, B or C markets currently?

Feel free to respond here or DM directly, send some property addresses that look attractive. Ill provide fair after repair value and market rents.

There are a few areas in Milwaukee I would not invest in due to generational poverty and lack of jobs making performance as you would expect but tons of areas with great upside and returns.

Hi Ray, A lot of great suggestions above from fellow members! its a tough market right now... But a few edits below could increase your traffic. 1. update your photos to showcase project completion/ de-clutter. 2. take and post a video walk through. 3. utilize Zillows 3d tour app. 4. make sure your updated and renewed on local craigslist, Facebook market place etc. 5. start decreasing the rent $25-$50 per week until you see a marketplace response in leads 6. if your willing to do more work id say to refinish or install LVP over the painted floors.   Hope you get it rented ASAP!

Hi Ryan.  Welcome to the BP forums. Great info provided above by the other members.  Start at the credit unions and work from there. Many of our clients in unique situations like yourself have had positive experiences with credit unions such as landmark and UW. Once you've got the financing please reach out to discuss areas of MKE with great opportunity based on your goals.  

Arnold, 

Please DM me when time permits to discuss your specific situation and needs. 

Brie- As always...Appreciate the referral!