Milwaukee, Wisconsin can be a cold place. Even in June. I know because my business partner, Manny Romero, and I just spent three days there last week. We hooked up with Jason Steinhorn, a fellow fix and flip investor from Atlanta. Our collective mission was to:
- Inspect a bank-owned property we wrote an offer on in early May.
- Find Realtors that could help us identify opportunities on the MLS.
- Find Realtors that could show us said opportunities and write offers.
You may notice that there’s something missing from this list. Why weren’t we in Milwaukee looking for project managers/contractors too? BiggerPockets.com – that’s why.
What’s BiggerPockets.com? It’s a social networking site for real estate investors.
Operating a fix and flip business from 2,000 miles away is tough – even tougher without knowing anyone on the ground in the market. The brilliance behind social networking, for any business, is the medium makes the world so much smaller. Connections made in the online world can be quickly monetized in the offline world.
When we made our first trip to Milwaukee in early May we met Emilio Ramirez and James Gefke. Both are BiggerPockets.com members living in the area. Both have experience managing fix and flip deals. James just finished rehabbing his first property, a sweet little Cape Cod-style home west of the city. We connected with Emilio and James on BiggerPockets.com and then in person in Milwaukee. They agreed to share their knowledge of the market and resources with us.
I contribute weekly writing mostly about fixing and flipping houses for BiggerPockets.com. Obviously, I’m a little biased but I believe it’s the best online community for real estate investors in the world and I encourage you to become a member, regardless of your geographic location.
Last week, BiggerPockets.com founder Joshua Dorkin introduced a brand new Dashboard feature that allows users to interact with each other and share comments, links and photos, similar to Facebook. This makes an already valuable site that much better.
Okay, so now you may be wondering – what’s wrong with Phoenix? Why not just flip houses there?
Well, because the market here is red hot, literally and figuratively. I like to escape the heat from time to time. Plus, it’s hard to beat the great beer and brats in Milwaukee. And if I can find a few great deals in the process it’s a win-win.