Overall the house has great bones but it will take a few grand to complete the punch list of items needed to remedy: radon mitigation, surface mold in attic, slight leaks at a few easily accessible spots in the roof, electrical service work.

Hello,I am originally from Grand Rapids MI, I invest primarily in Tennessee and Metro Detroit but I often find myself back in Grand Rapids, Hudsonville, Jenison etc. 

We agreed on a few grand more and went into contract!

My experience has been that the average US investor would rather pay 20 or 30 grand more for a property that is 100% perfect in every way than pay less and maybe have 2 or 3 grand in maintenance over the next couple of years.

I usually hand them a riddle and say hey I’m paying all cash for this property plus an extra 5 grand.

Hi all, I'm in Grand Rapids, Michigan and I'm looking for someone I can pay to sit down with, show them everything I have to work with and look for ways I can continue to grow.

@Kenneth LizIf you are doing the work and the repairs are under 15 grand I would find a way to borrow unsecured money through a famIily member , personal loan ,or a line of credit .

Now, something to consider:  if you can gain control of this property and then re-purchase the units owned by third parties you could turn this into a grand slam because you would be able to make the property whole again and all of these problems go away.

A little bit of everything: refi’ing, private money, friends and family loans for down payments, seller financing, SBA loan, HELOCs, business LOCs, and most recently, cashing out the 401K for a grand slam deal. 

Some small and some large but in the long run and in the grand scheme of things if you hold onto to real estate long enough it will typically appreciate and dig itself out of a hole.