BRRRR In Grand Rapids?

[Lloyd Silver]

I'm looking to acquire a couple of rental properties and was wondering how Grand Rapids was for BRRRR investing these days? I'm out of state so would also need a good local support system in place.

Is Grand Rapids still a good market for investors?

[Charles Kao]

@Lloyd Silver

As a resident of both San Francisco and Grand Rapids I can tell you the same things that attracted out of state and international investors to Grand Rapids remains unchanged. You have multifamilies and most of the real estate priced well under cost of build so there is still lots of potential to grow and you have population and job growth/diversity in all the key areas. What will be most difficult for you is getting that first deal and the team to execute your plan. The biggest obstacle my out of state investor clients and friends have in Michigan is trust. Without it, its hard to act as fast as you need to.