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All Forum Posts by: Account Closed

Account Closed has started 2 posts and replied 11 times.

Post: New Investor to the Grand Rapids Area

Account ClosedPosted
  • Professional
  • Grand Rapids, MI
  • Posts 12
  • Votes 0
Originally posted by @Joe Mazur:

Hey @Account Closed. Welcome to Michigan and to BP. I'm on the east side so don't know too much about your area. But as you probably already can tell, the BP community is awesome and it sounds like you're already getting some good feedback. 

Hey Joe,

I am also on the East side. Creston neighborhood to be exact. 

Post: 28% down to but a multifamily?

Account ClosedPosted
  • Professional
  • Grand Rapids, MI
  • Posts 12
  • Votes 0

I just realized I typed "but" instead of "buy" on accident. I apologize. 

Thanks for all the feedback everyone! This is great. I can already tell this is a great community!

Am I able to occupy the duplex and then rent it out later so that I can take advantage of less down?

Post: 28% down to but a multifamily?

Account ClosedPosted
  • Professional
  • Grand Rapids, MI
  • Posts 12
  • Votes 0

I live in Grand Rapids Michigan.

Post: 28% down to but a multifamily?

Account ClosedPosted
  • Professional
  • Grand Rapids, MI
  • Posts 12
  • Votes 0

Just talked to a quicken loans guy and he said I would have to have 70k to cover closing costs and the downpayment. I have great credit - 744. Is this typical? What are other ways to purchase a 250k multifamily for investment without having to spend this much?

Post: New Investor to the Grand Rapids Area

Account ClosedPosted
  • Professional
  • Grand Rapids, MI
  • Posts 12
  • Votes 0

Thanks Kyle!

Post: New Investor to the Grand Rapids Area

Account ClosedPosted
  • Professional
  • Grand Rapids, MI
  • Posts 12
  • Votes 0

@Eric Moore,

What type of investing do you do?

Post: New Investor to the Grand Rapids Area

Account ClosedPosted
  • Professional
  • Grand Rapids, MI
  • Posts 12
  • Votes 0
2-3 units. Yes I've already looked at one that had 2 offers within 5 hours. Is there a way that you look at the general trend of the real estate market in an area?

Post: New Investor from Grand Rapids MI

Account ClosedPosted
  • Professional
  • Grand Rapids, MI
  • Posts 12
  • Votes 0

@Pingal Sapkota,

I just joined as well. How has the search been going?

Post: Liz from Grand Rapids

Account ClosedPosted
  • Professional
  • Grand Rapids, MI
  • Posts 12
  • Votes 0

Hey Liz!

I found this forum through related articles. How has finding a duplex been going?

Post: New Investor to the Grand Rapids Area

Account ClosedPosted
  • Professional
  • Grand Rapids, MI
  • Posts 12
  • Votes 0

Thanks Mark!