วีดีโอ

Which part of it? I am not a big fan of selection by zip code, because they don't follow any ryme or reason when it comes to real estate, demographics or economics, meaning they often include neighborhoods that are quite different. I know in certain investor groups it is cool to talk about zip codes, but when you look into it, it does not make much sense. In this case, the south and east are generally better than the area around James Madison. Vacancy rate is super low all over the MKE metro area, so that's not really a good criteria to pick a specific location. The better question is who do you want to rent to? Who is your target demographic? And where do they want to live?

@ I focus primarly to rent to stable tenants, middle class. I was looking at this multifamily which is a 5 door 2/1 apartment 20 minutes away from downtown, neighborhood called Menomonee River Hills. Im from Miami Florida, activly looking to invest in Milwaukee. I appriciate if you mail me options I will really appriciate it! Multifamily my priority 🙏

@@kishelectronics hm, there is a 6 unit on 84th, but needs work. You should talk to Spencer! Email me at m.auerbach@kw.com - I'll connect you and Spencer can also set you up with MLS access

@@MarcusMKE just sent you the email 💯 Im up to the work up front.

Good ear, Austria actually. I used to work for a global company, they asked me to move to the US 17 years ago and took care of everything. I would have not attempted that on my own or without a job and a relocation package. Where are you located and what makes you want to move to the US?

Single is tough, it is arguably much easier with double income. You can buy a 250k home with 5% down ($12,500) and have a monthly payment of $2,107. For one person that is a lot, for two people to split is easier. If you have 20% $50k to put down, it's $1684. You can also buy a condo. The most important thing is that you get out from paying rent. 10 years of renting x $1500 is $180,000 and nothing to show for. If you'd have bought a house 10 years ago, you would have already paid off a good portion and gotten some appreciation..

I wish I could, but I don't think the present or future owners would appreciate that. But we can go in person.

hello neighbor ;-)

Thank you! Very different markets in the Pacific NW. Thinking about moving or watching just for fun?

​@@InvestMKE Yes, the tight market here has forced our hand to look for affordability elsewhere. Our friends in Sheboygan have got us interested in moving to Wisconsin!

@@seancampbell1344 we are discussing the same issue with our family across East and West coast as well. They all grew up here and the consensus is the following: some cities have one thing that is amazing: a beach, mountains, forests, the desert, or 72F mind temps all year round. Wisconsin has no such ONE thank that is just amazing (for example I miss mountains and skiing) but it good (at least okay) across the board in every single category we can think of. Without having one major downside, like hurricanes or crazy cost of living. Preferences differ and everyone has their own bias of course, but we travel quite a bit and decided will stay here and just travel in the worst part of the year, which in my opinion is February and March!

Cool! You guys have the best restaurants!!

Woah, you win the prize for longest distance so far. Are you thinking about moving to the US?

@@MarcusMKE yes I am thinking about it.

@@dirkbogarde7796 Big step, I moved here from Austria 15 years ago for my corporate job. Was supposed to be a 3 year assignment ;-)

Equitable Bank, ask for Wendy L. - keep in mind rates depend also on how much down, your credit score and DTI

Nice, fantastic area for outdoorsy people!

Hey Dean! Thanks for watching!

Thanks Christine! Feel free to email me if you are thinking about moving to Milwaukee, we are happy to help and have a lot of experience with relo and how to make that easy for our clients - m.auerbach@kw.com

at least for now! Hi Shari!

I moved to Milwaukee from Orange county/LA. I absolutely love it here

@@dredaypayday4656 what's the biggest difference for you?

@@MarcusMKE Hi!!! Exactly. 😉

Thanks! One of my favorite neighborhoods!

Thanks Sam! Not far from me ;-)

Sorry to hear man, that's frustrating! Lending standards are pretty tights since 2007, but on a couple's income a house payment of $2000 is usually affordable. I have not seen a 50% DTI (debt to income ratio) and in some cases it is best to eliminate other monthly payments like credit card debt and car payments to get your DTI down. These are usually really high interest rates as well, like 15-20% and really bad to begin with. Working backwards a 150,000 house with 10% at 7% costs about $1,322. Most rents are more! Some people have a couple credit cards and a nice car (payment) you quickly have just as much in other debt services. Eliminating those, can free up $1,000 or more that become available for a house payment. If you don't have the CreditKarma app I would start there. Another option would be house hacking: buy a duplex and rent out one side.

Glad to hear! Feel free to donwload our home buyer guide at onpointrg.com and let me know if you want to chat more on how to prepare. The more you know, the better this works 🙂

Very valid point! ALso, property taxes are much higher. But a lot of people like the more urban feel and walkability, so it's really a personal preference thing

@@MarcusMKE I agree. I used to rent an apartment in Whitefish Bay for two years. It's definitely more urban feeling and walkable. A stronger sense of community as well. They have a nice playground that's always busy. I enjoyed my time in Whitefish Bay as a renter, but owning a house there is not something I would do.

Nice to have you! Sheboygan is follwing the same trends as Milwaukee Metro... I am just 25 minutes south and have closed a few deals up there, not quite as competitive, but not that that much less

Thank you! Your comment definitly helps the channel. Are you local?

You are welcome! Let me know if you have particular topics I can cover next time

Yes, but not only December, late fall to mid-winter offers some opportunities and a little less competition compared to the rest of the year and before prices step up in spring. Different types behave a little differently: single family vs duplex vs small MF - large MF is probably the least impacted as value is calculated based on NOI and cap rate

Thank you! I started making them originally only for my clients and sent them out via email, because I wanted them to understand the market so they can make better informed decisions. One component is the economic backdrop, the other part for me is always understanding the clients personal situation and preferences, bring both together, then we can lay out a good strategy

Most people would not consider inflation, but of course real estate is a hard asset and as we are devaluation the dollar with inflation more dollars are needed to buy the same asset. Net of inflation the value increases are smaller. But inflation also decreases the real value of your mortgage debt. People used to take out a 30 year loan to pay of $20,000 in the 1960s...

Cost of living in the US is much higher than in Europe, but you also make more money and taxes are lower. If you google cost of living there are several websites that will give you a detailed break down

Glad to hear! You are applying stock market thinking to the issue, let me offer a different perspective. What you see in home price increases is to a large extend is the devaluation of the US dollar. You have to bring more dollars to buy the same house than last year, which is basically the cost of land+labor+materials. Back in 1960 you could buy a nice brand new home for $21,000, today it's more like $600,000. You can google long-term home price charts for the US. But that's not even the main point: when you buy a house with a 30y fixed mortgage you lock in the monthly cost. Unlike rent, it is not going to change. If the value of the house would go down next year, it does not matter unless you wanted to sell it. There was no time in US history where home prices did not go up over a ten year period, including 2008. If you are renting a small house that will cost you probably $24,000 per year and you have nothing to show for. If you spend $24,000 on mortgage payments, you have at least paid a portion of that money into your own pocket, increased your net worth and gained some tax write offs. And over enough time the equity is very likely to increase. We have a housing shortage in Milwaukee, I do not see a good reason why sellers would start discounting their homes next year.. home prices are what's called "downward-sticky". People just don't sell. Would you go back to 1960 and buy a couple houses if you could or rather pay rent?

Not what it used to be. We get less snow, it's mostly brown grass, but it can still get pretty cold when we get a blast of cold arctic air in Jan or Feb. Milwaukee has several large medical complexes and we have a very low unemployment rate - you can google it

Thanks for taking the time to comment. I know that corner, but I don't think it came up in the video?

@@marcusbluedanubeproperties5964 I live in Milwaukee. Verbally threatened 2x last week all because of riding my bike and obeying traffics laws. My wife assaulted last May by another woman for asking if the involved woman would move her car so my wife could get to an appt. This is not a city to call home. This is my opinion.