Updated about 11 years ago on . Most recent reply
Bulk Housing Packages in Grand Rapids, MI
Hello Everyone,
I am working on putting together a bulk package of rental homes in the Grand Rapids, Michigan area and thought I would turn to the community. In the past, I have worked mostly with 1-4 unit residential homes, and have not worked with the purchase or sale of this type before.
It would be a grouping of about 20-30 homes, ranging in the $1M - $2M range, most (or all) of which are currently rented at (or slightly above) market rate. If folks have experience in this type of transaction, I'd love to hear your advice, either about the pitfalls or the positives of putting these together. If you have worked in the Grand Rapids area, have purchased properties in this way, or have looked at similar packages, I'd love to hear from you.
Thanks, and feel free to send me private messages if that is better for you. Have a great day!