1st Post
Hello,
I have a couple years of Real Estate investing experience and this is my first post on BP. As an investor, I have income property in Tampa and have done flips in Fresno, CA, Chicago, and Jacksonville, FL. I am currently flipping two single family residential properties in Jacksonville with an established team. After completing a few more flips in JAX, I am researching the rust belt to reinvest my profits into high yield income properties (preferably multifamily). Grand Rapids and New Center neighborhood of Detroit are my top two potential markets. I am always searching for more JV partners, wholesalers with valuable off market deals, and private money investors.
I have also been practicing as a Commercial agent with TRI Commercial for the past year. If anyone has any questions or looking to acquire multifamily properties in Sacramento, CA, please send me a message.
Very Respectfully,
Shane
Most Popular Reply
Welcome to BP. As a resident and inveator of Grand Rapids area. I think its a great place to be. The market here is not what it once was for the buy and hold investor. We have seen millions of investor and venture capital dollors pushed our direction over the past year. Resulting in higher purchase prices. Our rents are very high right now and there is still a large demand, but we are building and redeveloping at a record pace. It requires a lot of research and the right deals to make it threw the long haul. My personal fear is that we wont be able to maintain the return in the next 5 years. We are still a smaller city, yes we are growing. But when others are greedy its time to be fearful