Anyone else excited about the Grand Rapids market like I am?
Exciting things are happening in Grand Rapids with the medical development, and the GVSU college area. Not to mention all our new breweries. This town is hopping!!
I have several success stories involving our investors in this area but and just concluded the remodel on another large project that I wanted to share.
One of our new investors purchased a few properties in the HOT GVSU student zone in the last three months. We just completed one property that was purchase for 39,900 with $50,000 invested into the remodel project. This property includes all new windows, siding, insulation, down to the studs remodel, HVAC, Central air, 2 full bathrooms and new kitchen, and 5 bedrooms. This property was rented to the first person that saw it before completion for $1995.00 (they pay all utilities). These numbers are GREAT, and this house will be a long term, low maintenance property.
There are still these deals out there. If you need help identifying properties or even advise of remodeling them let me know. I have a steady stream of leads coming in, that I pass along to our owners.
Whats your most recent success story?
