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Updated almost 5 years ago on . Most recent reply
RE Market in LANSING MICHIGAN
Looking to get a couple buy and holds in MI
What are some things I should be aware of?
Most Popular Reply
Hi Steven,
You can choose to invest in Lansing, Kalamazoo, Detroit, Muskegon, or Grand Rapids but they are all quite different markets. I personally invest in Grand Rapids, so that is what I will address.
I am able to cashflow about $100 per door here while experiencing between 7-10% appreciation annually as well rent appreciation. I have been very happy with my investment here, and I look forward to getting into another one in the near future. It will be interesting to see what the market does once our stay at home order is lifted; however, I am confident that Grand Rapids has a great foundation to be a fantastic long term buy and hold market.
Evan DeVisser|Greenridge Realty