Looking for small multifamily in Grand Rapids, MI

[Katie Ann Mangan]

Hi all,

My husband and I are looking for a small multifamily property to MTR in Grand Rapids, Michigan sometime this summer. We are out of state investors (currently live in Seattle, WA) but my husband is from grand rapids and we are excited to invest there! We have been working to build our connections and would love to connect with any other local investors or professionals in the area. We currently have an agent already but still trying to settle on a lender (looking for more flexible loan options). Ideally looking for an off market property if we can find one so would love to connect with any wholesalers or anyone looking to sell!

What we are looking for:

Small multifamily property below 350K. willing to do lighter/cosmetic rehab. This is for MTR's so we are considering neighborhoods semi-close to medical mile:

easttown, midtown, belknap lookout, creston/creston heights, west grand, riverside park, heritage hill, east hill. pretty much any area within 10 min drive of medical mile that is a safe and semi-nice or up-and-coming neighborhood.

Would love to know how everyone else is this market is fairing. Would love to know what everyone else is looking for and biggest points of pain in your business. maybe we can help each other!