We still purchased that new construction, but was also able to close on a property that was in a rapidly developing area so all eggs arent in one basket.

I'm an aspiring real estate investor looking to build capital through wholesaling here in Grand Rapids.

There is a lot of variation in neighborhood quality within Longmont, with some parts being fully gentrified (SE side which is rapidly approaching Boulder prices), others that are still "transitional" and also some pretty rough hoods that may never be nice (W/NW side).

Been asked on BP a million times...... quick raise to market or slow raise....no "right" answer....Its a balance..... big rapid jump often induces turnover...... and turnover costs $$ in the short term (rehab cost vacancy etc) but cant pay off in the long run..... getting to market faster recoups that expense for the rehab and vacancy etcSlow, smaller increase keep the tenant and reduced the short term expenses but doesn't maximize the return over the long haul necessarily......As stated before....make sure you are comparing apples to apples..... a lot of new landlords think their old beat up place will rent for the same as the nice new places just because its the same bedroom/bath/sq footage as the ones they looked up......Do they math.... if you can rehab it cheap and quick and jump up a lot to market, then you make you $$ back fast...... but don't fool yourself into thinking that always happens

@Kalen JordanIn most markets values have increased so rapidly in the last 5 years its triggered return requirements.

There are several trendy areas that are surging quite rapidly in price.

What you describe is exactly what it is... if you have a good deal then you ideally then you've not really spent any money and hopefully even come out a little ahead and it is repeatable in a comparatively rapid pacing.

Let me also add that this is in one of the hottest parts of Columbus with rapidly raising prices.

I'm trying to help out a past client who is looking for some contact info for investors in the Grand Rapids area.

I've worked in client service and sales roles for years and understand the importance of rapid follow-up and picking up the phone when called.