RE Market in LANSING MICHIGAN

[Steven Richards]

Looking to get a couple buy and holds in MI

What are some things I should be aware of? 

[Evan DeVisser]

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