Get to know our panelists for our final meeting of the year!
SEPTEMBER MARKET REPORT
Understand what happened in September with market reports
INVESTING IN FLORIDA
Is the “Great Florida Migration” coming undone?
Ready. Set. Grow
As we step into the final months of 2024, there’s no better time to focus on learning, growth, and building momentum for the new year!
November is about finishing strong and setting ourselves up for success in 2025 Whether you ’ re a seasoned investor or new to the world of real estate, this month offers an opportunity to expand your knowledge, sharpen your skills, and set actionable goals
Use this month to take advantage of our community and tools Dive into learning something new, whether it's a fresh investing strategy, refining your analysis techniques, or updating your approach to property management.
Let’s ramp up and end this year with purpose Together, we’ll make 2025 a breakthrough year for your business!
Meet the Panelists!
Mark Kvetkovskiy - Emcee
Mark began his journey in real estate investment in August 2021 and has quickly evolved into a knowledgeable investor and trusted real estate advisor Now, he works as a commercial real estate broker at Compass, where he guides investors and business owners through the processes of buying, selling, and leasing properties Beyond his role at Compass, Mark is a co-founder of NINJA and actively contributes to the real estate community as a member of the Rental Property Association (RPA) and the Milwaukee Real Estate Investor Association (REIA) Before diving into real estate, Mark served as a wealth manager at BMO and J P Morgan
“Big Mike” Danielson
Mike Danielson, aka “Big Mike” is Vice President of Business Banking & Commercial Real Estate at WaterStone Bank. Mike works with both business owners and real estate investors, and his primary focus is the financing of real estate transactions for his clients. Mike has over 25 years of professional experience, including residential mortgage lending, owning a mortgage company, owning a title insurance company, personal banking, private client banking, SBA lending, small business lending, and commercial real estate lending
Kurt Kasdorf
Ryan Dworak
Ryan has a diverse background of work experiences ranging from a corporate setting to entrepreneurial endeavors Over the past 15 years, he has gained extensive knowledge in real estate investments, operations, supply chain management, and finance. His real estate journey consists of managing a personal portfolio of rentals, participating as a limited partner in syndications, and sponsoring several projects as a general partner. Ryan continues to expand his investment knowledge and achievements in commercial real estate, business acquisitio
Kurt Kasdorf is a full-time real estate investor and property manager In 2012 he founded Kasdorf Property Management LLC to manage his growing investment portfolio Today, his company serves over 25 different owner-clients, with over 700 units under management Its primary territory is southeastern Wisconsin, but also has expanded throughout the state He is passionate about growing as an investor, serving his owner clients, and striving to give his tenants a positive rental experience
Unlock the Power of Commercial Real Estate Investing
at Milwaukee REIA’s November Meeting
As the real estate market continues to evolve, savvy investors are looking for new opportunities beyond residential properties. We are hosting a special panel on commercial real estate investing at our monthly meeting This is a unique opprotunity for investors of all experience levels to learn from local experts who have built their careers around commercial properties
What You’ll Learn from the Panel:
Commercial real estate investing can be a game-changer, but it comes with a distinct set of challenges and rewards compared to residential properties. During this panel, seasoned investors will discuss key topics, including:
Market Trends and Opportunities: Learn about the current state of the commercial real estate market in Milwaukee and surrounding areas, and where the best opportunities for growth exist
Financing and Capital Strategies: Commercial deals often require larger capital investments and more complex financing solutions. The panel will offer insights into securing financing, working with lenders, and creative strategies to fund your deals
3.
Property Management and Value-Add Strategies: Discover how to manage and improve commercial properties, from office spaces to multi-use buildings, to maximize your return on investment.
5.
Risk Management and Due Diligence: With any investment, there are risks, but in commercial real estate, the stakes are higher. The panel will break down how to mitigate risks and conduct thorough due diligence before closing on deals 4 Networking with Commercial Real Estate Experts: Get first-hand advice and build relationships with panelists who have navigated the ups and downs of the market.
Why Attend?
For many investors, the leap from residential to commercial real estate can feel daunting. This panel is designed to make that leap easier By hearing from professionals who have succeeded in this space, attendees will walk away with actionable insights that can help them get started or grow their commercial real estate portfolios. Whether you ’ re interested in office buildings, retail spaces, warehouses, or mixed-use developments, this panel will provide valuable knowledge to sharpen your investing strategies
September Home Sales Drop to Lowest Level Since 2010
BY: DIANA OLICK, CNBC
Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to the National Association of Realtors
Sales were 3.5% lower than in September 2023. Sales fell in three out of four U.S. regions, with just the West region seeing a gain.
This count is based on closings, representing contracts signed likely in July and August. Mortgage rates started July near 7% on the 30-year fixed and then fell slowly through August to just below 6.5%. Rates are now more than a full percentage point lower than they were a year ago.
“Home sales have been essentially stuck at around a four-million-unit pace for the past 12 months, but factors usually associated with higher home sales are developing,” said Lawrence Yun, chief economist for the National Association of Realtors
Inventory rose 1.5% month to month to 1.39 million homes for sale at the end of September. That represents a 4.3-month supply at the current sales pace. Inventory was 23% higher from September 2023
“More inventory is certainly good news for home buyers as it gives consumers more properties to view before making a decision,” Yun said. “However, the inventory of distressed properties is minimal because the mortgage delinquency rate remains very low. Distressed property sales accounted for only 2% of all transactions in September ”
The pressure of still low inventory continues to push prices higher. The median price of an existing home sold in September was $404,500, an increase of 3% year over year and the 15th consecutive month of annual price gains
Cash continues to be king in this market, making up 30% of September sales. Pre-Covid, cash buyers made up about 20% of sales Yun noted that it is not just investors using cash, as investors actually pulled back slightly in September to just 16% of sales, down from 19% in August.
Homes are sitting longer, an average of 28 days compared with just 21 days a year ago. First-time buyers pulled back again, making up just 26% of September sales That matches the all-time low from August.
Milwaukee REIA Vendor of the Month
Berkshire Hathaway specializes in Fully Managed Residential and Commercial Property Management services. Whether it is a property purchased with investment in mind, a house you plan to lease until a buyer is found, a commercial property that needs special care-taking services to manage, or the dream home you plan to return to... you can rely on the experience professionals at Berkshire Hathaway to simplify the complexities of managing rental properties. They have the systems, resources and experience to make this complex process simple for owners, letting you focus on other priorities while they manage your property investments.
REIA Member Benefits: Discounts on monthly PM rate and leasing/tenant placement fees!
info@mke-pm.com
COMING UP: Milwaukee REIA Holiday Party!
Get ready to mix, mingle, and celebrate another incredible year with Milwaukee REIA! Mark your calendar for Tuesday, December 10, 2024, from 6:00 PM to 9:00 PM, for an unforgettable evening of networking, festivities, and holiday cheer at American Family Field.
Whether you're a seasoned investor or new to the real estate world, this party is the perfect opportunity to connect with like-minded professionals, expand your network, and enjoy a festive atmosphere With great food, drinks, and lively conversations, this is one event you don’t want to miss!
What to Expect:
Networking Opportunities: Meet and connect with other REIA members, industry experts, and local real estate enthusiasts.
Holiday Festivities: Enjoy delicious food, festive drinks, and a celebration of the season.
Giveaways & Prizes: Join in the fun with giveaways that will make your holiday even brighter. Year-in-Review Highlights: Reflect on the achievements of 2024 and get excited for the opportunities awaiting us in 2025
Event Details:
Date: Tuesday, December 10, 2024
Time: 6:00 PM – 9:00 PM
Location: American Family Field
Reserve your spot today and join us in celebrating another successful year This is your chance to reconnect with the community, share your successes, and set the stage for a fantastic 2025!
RSVP Now and let’s make this holiday season one to remember!
Tool of the Month
CARROT - OUTPERFORM YOUR COMPETITION
From start to scale - Carrot has you covered. Carrot is the only website provider for investors that rank high in search engines, increase conversion rates, and drive 2.5x more profit per deal.
23+% Higher Conversion Rates Than Benchmarks - every Carrot website has built in credibility and other highconverting website elements
Stand Out In Your Market - with Carrot which provides investors with more Page 1 rankings for competitive search results.
30 Day Challenge - designed to dramatically improve your site by focusing on one highly significant task per day so you can achieve success in just minutes per day!
SIGN UP TODAY!
National Benefit of the Month
RENT PERFECT - ONLY $0.95 SET-UP FEE
Rent Perfect offer the most accurate & thorough credit & background screening services available They make being a landlord simple by making the application and screening process easy as pie. And, the best part? The applicant can eve pay for the background fee themselves - making it free for you!
Members of the Milwaukee REIA receive a discounted $0 95 set up fee Sign up today to start screening your tenants and gain access to other services such as Digital Lease Agreements
Online Rent Payments
Renters Insurance and more!
Is the Great Florida Migration Coming Undone?
BY: BRAD BECKETT, REAL ESTATE INVESTING TODAY
A recent article in the Wall Street Journal (reposted in Realtor.com) suggests that the “Great Florida Migration” might be coming undone They say a surplus of housing inventory and dwindling buyer interest are slowing sales and recent hurricanes & extreme weather events are making it worse In addition, surging insurance costs, high mortgage rates and high home prices have more people reassessing their Florida dream. Those who must sell their homes right now because of lifestyle changes, upgrades, etc , are facing headwinds
I can’t unload the thing,” Holmes said “In eight months, I’ve had zero offers No one even showed up to the open houses. Nobody.”
Florida’s population soared between 2021 and 2023, making it the fastest-growing state during much of that period Remote work and other lifestyle changes that were spurred by the pandemic accelerated a migration trend to the Southeast, and the Sunshine State in particular
A law to fortify the condo stock after a Miami condo building partially collapsed and killed 98 people has upended the condo market, adding huge assessments sometimes in the hundreds-of-thousands of dollars for each unit For condo owners who haven’t maintained their buildings, the bill is coming due Prices are plummeting at many older buildings
