Hello,I’m a new college who made a goal to buy my first rental property by the time i’m 25 (which would be in 2 years) and am starting my career as a commercial real estate broker in Grand Rapids, MI.

If it has gone up and down rapidly, then that indicates a boom/bust market (typical in areas without a diverse job market such as areas where all of the jobs are in tech, energy, manufacturing, a single employer or supporting those workers for example). 

Detroit, Metro Detroit, Grand Rapids, Kalamazoo, Muskegon are all great areas to consider. 

You have plenty of time to read it—this is hardly a rapidly-rising market that you’ll miss out on if you take your time…

Remember this is the worst they will ever be, these things are getting rapidly better.

Syndications and passive investing are frequent topics of discussion in the forums. Over lunch yesterday I  was discussing with a friend how the business has evolved in recent years. The conversation began after we co...

Investment Info:

Single-family residence wholesale investment.

Purchase price: $60,000

Sale price: $75,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Dale Ogl...

Ohio is a rapidly growing market. 

Great purchase price and ARV in an A class area that is growing rapidly How did you find this deal and how did you negotiate it?

Columbus is rapidly developing from large tech companies expanding their business in the area, most notably is Intel investing $20 billion to build chip manufacturing plants, which is projected to create thousands of new jobs.