Flipping houses in the milwaukee area?
csmithballsout asked:
I recently moved to the Milwaukee area. I am currently working in Menomonee Falls. I am looking to make some extra money by flipping houses. Does anyone know how well the housing market is doing in the Milwaukee area? And if I were to start flipping houses, which suburb would be a good place to start?
I recently moved to the Milwaukee area. I am currently working in Menomonee Falls. I am looking to make some extra money by flipping houses. Does anyone know how well the housing market is doing in the Milwaukee area? And if I were to start flipping houses, which suburb would be a good place to start?
4 Responses to “Flipping houses in the milwaukee area?”
June 18th, 2008 at 9:48 am
Hi,
It’s a good business idea though real estate market is down now. Checkout for some valuable info on the matter. Good luck.
June 20th, 2008 at 9:10 am
Flipping houses NOT a good idea in this market. Wait a year or two.
Buying houses to keep and rent out, VERY good idea though.
June 23rd, 2008 at 8:32 am
I found this web site with VERY interesting advice and proposals. Good luck!http://real-estate-note-buyers.blogspot.com/2007/09/real-estate-note-buyers.html
October 23rd, 2008 at 6:56 am
Start on the fringes of the actually City Of. The far NW side (91st and Good Hope area), near Glendale (such as near Lincoln Park, but stay as close to Green Bay Rd as you can), or near the Stadium (technically the City of West Milwaukee).
You’ll not make a million dollars on houses there, but its where you can currently find pretty cheap housing and will be (IMO) quick sells as long as you keep them reasonably priced post-flip. i.e. You’ll find some houses for 65K-90K, but don’t invest more in them than you can reasonably re-sell for less than 100-140K, or people will feel they’re overpriced for the neighborhood.
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