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Updated over 4 years ago on . Most recent reply

Will Schafer's profile image
Will Schafer's profile image
Will Schafer
  • Real Estate Agent
  • from Grand Rapids, MI
  • Member since Jun 16, 2020
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Will Schafer's profile image
Will Schafer's profile image
Will Schafer
  • Real Estate Agent
  • from Grand Rapids, MI
  • Member since Jun 16, 2020
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Will Schafer
  • Real Estate Agent
  • Grand Rapids, MI
4
Votes |
13
Posts
Real Estate Deal Analysis & Advice

First Investment Property

Will Schafer
  • Real Estate Agent
  • Grand Rapids, MI
Posted

Investment Info:

Single-family residence buy & hold investment in Grand Rapids.

Purchase price: $179,000
Cash invested: $6,125

4B2B Single family innvestment property purchased with an FHA 3.5%DP loan to keep my cash in deal low, with a high return. Plan to house hack and add value while saving for my second property. Will rent for $450-$500 a bedroom once it becomes a full-time rental.

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Stephen DeThample's profile image
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Stephen DeThample
  • Real Estate Agent
  • from Las Vegas, NV
  • Member since Oct 17, 2020
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Stephen DeThample's profile image
Stephen DeThample's profile image
Stephen DeThample
  • Real Estate Agent
  • from Las Vegas, NV
  • Member since Oct 17, 2020
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Stephen DeThample
  • Real Estate Agent
  • Las Vegas, NV
303
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456
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Stephen DeThample
  • Real Estate Agent
  • Las Vegas, NV
Replied

Congrats, great cash flow!

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