What is an investment property?
I believe a property whether it be a home, condo or duplex in the Milwaukee real estate market is always an investment. If you want to get technical though, I look at a true investment property as something that you will make a return on or will help cover your current costs. Today’s buyers are savvy and are looking for a safe option to invest in. Investing in real estate, especially in Milwaukee, does receive national attention. Owning a “Brick and Mortar” can be highly beneficial. This year I have more buyers purchasing duplexes, 4 families and even larger 8, 16, 18, and 24 family properties than ever before. The Metro Milwaukee area continues to be a relatively safe area for investment. The best kept secret is that a qualified buyer can purchase up to a 4 family, but must owner occupy, with as little as 3.5%, YES 3.5% down payment. Can you imagine purchasing a duplex for 185k with only $7,500 down and have someone cover $750-$900 of your month’s payment? Another option would be to purchase a 4 family all brick low Maintenance for 250K with as little as 12k down payment and have income of $1900-$2400 per month to cover cost and more! Remember these properties are increasing in value, you are getting a tax deduction on them and after a couple of years you can refinance, move out and then purchase another property. I have a number of buyers doing that now. Yes, this does seem to be like one of the best kept secrets in real estate. If you are interested please feel free to contact me to learn more or visit my web site move2milwaukee.com.
Check Out a Previous Client Review!
Highly likely to recommend
Bought a Single Family home in 2016 for approximately $225K in Bay View, Milwaukee, WI.
5 of 5 Stars
As first time home buyers, we needed a lot of guidance and Bob was more than willing to go out of his way to meet with us and educate us through this process. He helped us not only find our first home, but our dream home!
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