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Updated over 4 years ago on . Most recent reply

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Brian Stewart
  • Rental Property Investor
  • Grand Rapids, Mi
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New to investing and researching "best" scenarios

Brian Stewart
  • Rental Property Investor
  • Grand Rapids, Mi
Posted

Son is heading off to college next year and looking at possible multi family that he can either house hack his freshmen year or sophomore year. He will be attending Central Michigan University in Mt. Pleasant, Mi.

The area has several multi and single family rentals that could provide a good cash flow but the equity would be lacking.

Thoughts?

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Derek Larson
  • Investor
  • Traverse City, Mi
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Derek Larson
  • Investor
  • Traverse City, Mi
Replied

Sounds good on paper.  Especially with your son being able to find roommates or good tenants.  It goes without saying, but do your research of the area.  I work on campus- let me know if I can help- send me connection or message.

  • Derek Larson
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