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Updated about 4 years ago on . Most recent reply

User Stats

11
Posts
6
Votes
Frankie Arguelles
  • Rental Property Investor
  • Kent City, MI
6
Votes |
11
Posts

New Investor Introduction!

Frankie Arguelles
  • Rental Property Investor
  • Kent City, MI
Posted

Hi I’m a newer investor in Grand Rapids Michigan area. I live in Kent city and would love to meet and talk with people who invest in my area! I grew up in Grand Rapids/Wyoming area and During high school I went to trade school for half the day for two years, then started working in new construction in GR area at 17. I developed a good understanding of construction And did carpentry/renovation work for about 6 years and counting. I’m 22 and have flipped 1 house with a 50/50 partner that funded and helped with rehab. Together we did all the work from demo to sold! Made a decent profit in Muskegon Heights, it sold the 3rd day on market and first day of open house! Did this while working 40 plus hours. Also as we are in the last stage of finishes covid 19 broke out. Made for great timing for a first flip! Everything worked out still with some delays, but I’m happy I made a decent profit! Still working full time and I’m looking to network with people in my area. My focus since I’m younger is to buy and hold and flip when the right deal comes along!

Most Popular Reply

User Stats

11
Posts
6
Votes
Frankie Arguelles
  • Rental Property Investor
  • Kent City, MI
6
Votes |
11
Posts
Frankie Arguelles
  • Rental Property Investor
  • Kent City, MI
Replied

@Alicia N Wright I grew up in Wyoming so I’m not an expert on the area. I do know it’s a good overall city/county to invest in. I did my first deal in Muskegon heights which is known by everyone as a terrible area. I took a big risk but I got a huge almost 2k sq ft house for 35k. I spent a little to much on rehab materials but I did all the labor on everything except carpet. Full rehab. Even with all that sweat equity I only made 26k profit which I split with my partner on that flip. All while covid first broke out. I like Muskegon because I can get cheaper prices than GR. I defiantly want to learn and research more and talk with an expert on Muskegon area. I plan on investing a lot there in the future. But I don’t want to swing the hammer nearly as much as I’m working full time so I have to get better deals if I’m going to continue making profits in the future.

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