Grand Rapids, MI

[Christine Johnson-Sundby]

I am considering GR for investment properties. SFH or multi. How's the market there? Any opinions?? Thanks!

[Justin Workman]

It has been a very hot market, once forbes rated gr as the best city to invest we have been flooded with investors, driving prices up.  We are at record low inventoryand a high demand.  You can find deals but its harder then ever.  Current cap rates on sf are 8 or 9 multi are 6 or 7.   Get aligned with a good pm and realtor and they can help you out, but I would be cautious about anything they say is a great deal.  If you find a good deals you need to act fast because it wont last.  Good luck.