Single-family residence buy & hold investment in Grand Rapids.
Purchase price: $171,000
Cash invested: $55,000
Single Family Home. 4 bed, 2 bath, 2 story with basement, fenced in yard.
@Nicholas VanKlompenberg Congrats on getting your 1st investment under your belt. Are you doing long term rental or short term rental on this one?
Thanks, @Rene Owczarski ! The plan is long term, and looking for more long term buy and hold rental properties in Grand Rapids.
@Nicholas VanKlompenberg You're welcome. And what's a 4/2 like that renting for in GR per month long term?
@Rene Owczarski city center is surrounded by a stretch of single family homes. Within a few miles of center I'm seeing between 1400-1800.
@Nicholas VanKlompenberg congrats on your investment!
Great job @Nicholas VanKlompenberg . You should be able to get close to 1,800-2,000 for that depending on the condition and location.
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