Part Time REI » Green Bay http://part-timerei.com Real Estate Investing while Working Full-Time Fri, 03 Oct 2014 17:44:45 +0000 en-US hourly 1 https://wordpress.org/?v=4.0.38 Part-Time REI is a real estate investment education company. Our Lunch-Time Profits System is designed to teach you how to fix and flip homes in your spare time. We specialize in helping investors learn how to control their own financial future. Most importantly, we show you how to leverage other people's time and expertise to help you accomplish your goals. Finally, we provide systems so that you can repeat the process again and again. Erik Hitzelberger and Bryan Snider: Part-Time Real Estate Investors, rehabbers no Erik Hitzelberger and Bryan Snider: Part-Time Real Estate Investors, rehabbers support@part-timerei.com support@part-timerei.com (Erik Hitzelberger and Bryan Snider: Part-Time Real Estate Investors, rehabbers) Part-Time REI podcast with host Bryan Snider and Erik Hitzelberger talk about investing in real estate and flipping houses in your spare time. flipping houses, investing in real estate, part-time, second income, retire early, flipping homes, flipper, REI, rehabbing Part Time REI » Green Bay http://part-timerei.com/wp-content/uploads/powerpress/Logo.jpg http://part-timerei.com Weekly Market Watch: Green Bay, WI http://part-timerei.com/blog/2014/03/19/market-watch-green-bay-wi/ http://part-timerei.com/blog/2014/03/19/market-watch-green-bay-wi/#comments Wed, 19 Mar 2014 16:09:47 +0000 http://part-timerei.com/?p=2395

dog cheeseheadWhen someone hears the city name Green Bay, it is hard to think of anything but the famous Cheeseheads of the Green Bay Packers. Not many realize the actual Cheesehead headquarters is the oldest city in the state of Wisconsin. Though it is the oldest, it is only the third largest city after Madison and Milwakee. The 2011 population of the city, according to the US Census, was 105,809. Green Bay has been known to be an industrial city and like Detroit felt a hard hit with the down turn of the economy. Most of the plants in Green Bay are run by the paper and shipping companies. But the new year the new year started off mixed for the state’s real estate markets. Fewer houses sold than in the first month of 2013, but they sold for higher prices.

The Wisconsin Realtors Association recently reported that January home sales were down 6.8 percent statewide, but median prices rose 3. 2 percent, to $126,900. Home prices rising is usually a good sign for investing in real estate.

Wisconsin’s economy and real estate markets continue to heal, but more slowly than most of us would like. It does however seems to be a prime location for house flipping as it has landed at many of the “it lists” for flipping in 2014.  One of those was from January 31st’s issue of Business Insider listing the city as one of the top  “14 Cities Where Speculators Are Making Bank By Flipping Homes.”
Flipping houses seems to have become so popular in Green Bay that many real estate agents are blogging on the topic as well. Here is one that lists top mistakes on flipping:

Let’s check out some recent stats on the city by the Wisconsin Realtor’s Association.

Green Bay, Wisconsin statsgreenbay

Gross profit percentage: 139%

Average gross profit: $97,437

Q4 flips: 315

YoY change: 27.5%

Average purchase price: $70,113

Additional Source: RealtyTrac

Fun Fact

  • Green Bay has five nicknames: “Titletown”, “Bayland”, “Bay City”, “Packerland”, and “Packer City”.

 

 

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