Downtown GR BRRRR turned into Airbnb

[Brett Lambert]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $130,000
Cash invested: $50,000

BRRRR. Bought a rundown single family home is a prime downtown GR location across the street from the Fulton st. Farmers market. Bought it for 130k. put in 50. refinanced out after it Appraised for 250 4 months later. Pulled all of our money out.. Turning it into a Airbnb soon!

First time doing extensive landscaping in the yard as well. Full stone patio and new deck!

[Charyl J.]

That's awesome!! And a great area. I'm in Kalamazoo but would like to expand to Grand Rapids in the future.