Investment Info:Single-family residence buy & hold investment in Grand Rapids.

Realty Doctors provided a good product for the money, granted I signed my construction contract back in 2020 so I had rapid appreciation to cover some of the growing pains.

Investment Info:Single-family residence fix & flip investment in Grand Rapids.

I keep researching different cities like Grand Rapids MI, Lexington KY, Huntington WV, Johnson City TN, on down to Florida and I just get lost in the fog of numbers making it so nothing stands out as a great market.  

Case 2: I want to maximize my yield and build wealth as rapidly as I can, without taking crazy risk: In this case, you can refinance the properties, likely pulling out $100K+, and use that as the down payment on multiple additional properties, or larger multifamily properties in your area.This would increaese the effects of leverage on the portfolio (compounding returns positively in a growing economy and negatively in a recessionary environment), but over time be highly likely to build more wealth, faster, with some added stress and the need to more closely  manage operations in a much larger business that in initial years likely won't produce as much cash flow. 

@Aaron Clough we decided we would like to grow rapidly with the BRRRR process and do not have the capital to initially self fund.

Chicago's north side has been booming for many years, and numerous neighborhoods have rapidly appreciated and essentially been rebuilt.  

Thanks for the civil response Dave (not that you wouldn't be civil, but you've seen how conversations like this can spiral rapidly into ugliness).

Hello Bigger Pockets,I am in the process of buying my first investment property (located in Grand Rapids) and we are just awaiting the appraisal at this point. 

I see my equity rising rapidly on these apartment complexes, due to the forced appreciation, increased cash flow and significant paydown of the loans, just in the first 8 months to 2 years of ownership.To be forewarned is to be forearmed.