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All Forum Posts by: Jon P.

Jon P. has started 2 posts and replied 3 times.

Post: Need a line of credit on a non owner occupied rental

Jon P.Posted
  • Investor
  • Cedar Springs, MI
  • Posts 4
  • Votes 0

I own a single family rental property free and clear in big rapids, Mi. Does anyone know of a lender that will do a line of credit on non owner occupied rental properties in my area?  Trying to avoid closing costs of a cash out refi

I am a Grand Rapids area investor and am tired of competing with 20 other offers on multi family houses and the margins are getting slimmer and slimmer on rentals in the area.  

I have been looking at rentals in the Battle Creek area and the numbers are more attractive however I am wondering if someone out there has experience with the tenants in the city of Battle Creek.  Is it easy to keep your units occupied with decent tenants or are you finding alot of turnover and vacancies?  I appreciate any input with someone with experience in that rental market.  

Post: Grand Rapids Michigan Wholesale Flipping and Assignments

Jon P.Posted
  • Investor
  • Cedar Springs, MI
  • Posts 4
  • Votes 0

I am a GR investor, looking for someone to find off market deals for me.  Get a hold of me if you can help!