All Forum Posts by: Michael Klaus

My wife and I are looking to begin our real estate investment journey with first rental property and are looking at the market in which we live, Grand Rapids, Michigan. We are searching for small multi-family homes as our initial investment vehicle with a buy and hold strategy. initial market research shows a slowdown in activity and the realtor we worked with for our family home indicated she sees a current market cooling in the area. Wondering if a holding pattern may be the best course of action at this point through the end of the year and into the winter/off-season.

Thank you!

My wife and I are interested in purchasing our first rental property and are looking for ways to finance. We have a decent amount of capital saved but don't want to sink 20% down on a property. We purchased our first owner occupied home at 5% down this past April where we currently live. I understand that type of financing may not be available for rental properties, correct? However, I have heard about portfolio loans but admit my knowledge on the matter stops at the name. Thanks in advance!

Hello All,

My name is Michael Klaus and I am a new member! I am eager to learn about the great big world of real estate. My wife and I purchased our first home this past April in Grand Rapids, and are thinking about looking into rental properties next! Are there specific forum's for the Grand Rapids, MI Area?

Looking forward to being member of this great community!

- Michael