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Updated 2 months ago on . Most recent reply

User Stats

14
Posts
6
Votes
Roy Logan
  • Rental Property Investor
  • MI
6
Votes |
14
Posts

3rd year Real Estate Investor / Landlord

Roy Logan
  • Rental Property Investor
  • MI
Posted

Understanding the power behind real estate investing has changed my life / career dreams.

Sold a 2yr old new construction home in Westmont IL... And saw an opportunity in the Grand Rapids MI market.

Property 1 - BRRR 100% in single family home that is being rented out with a COC return of 12%... And IRR of ~ 10.77% over 30 years

Property 2 - Opportunistic BRRR single family Home 70% equity 30% mortgage on 30year fixed... currently living in and have contract to rent 2025 summer

Looking to learn more about real estate acxoubting... Other investors in the GR area... Foreclosure connections 

Looking to make my next purchase end of year early 2025



  • Roy Logan
  • Most Popular Reply

    User Stats

    1,920
    Posts
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    River Sava
    #2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Lender
    • USA
    1,965
    Votes |
    1,920
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    River Sava
    #2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Lender
    • USA
    Replied

    Hey Roy - 

    Congrats on your success! For foreclosure connections, I'd look into local wholesalers or auctions. Also, if you goal is to continue scaling, a real estate CPA could be a great resource for accounting and tools like DSCR loans can help your grow quickly, especially for cash-flowing properties.

  • River Sava
  • [email protected]
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