Gorgeous new Duplex in NE!

1 Reply

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Grand Rapids.

Purchase price: $160,000
Cash invested: $30,000

Duplex on a peaceful street in NE Grand Rapids. Rehabbing and renting the upstairs and living downstairs. Granite countertops, ripping up carpet and refinishing wood floors, New huge closets, W/D lines and new W/D units and it's on a beautiful half acre lot with awesome trees.

What made you interested in investing in this type of deal?

Building buy & hold rental portfolio.

How did you find this deal and how did you negotiate it?

It had been on the market for a while and was overlooked due to utilities not being split..

How did you finance this deal?

used private money and a home possible loan from The Treadstone mortgage company!

How did you add value to the deal?

Rehabbed the entire upstairs unit - floors, bathroom, countertops, paint, closets, windows, the works!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

James Marshall is the best investor-style agent in Grand Rapids, MI.

Thanks so much for posting this @Brett Lambert ! I'm a new investor in the Grand Rapids area, looking to focus on small multi-family buy and holds as well. Your post gave even more motivation to get started in real estate investing. Maybe we can connect sometime to discuss strategy. Best of luck in the future! - Adam

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you