Turning $15,000 into 8 Rental Units Using “The Stack” Method

"there's still going to be a continu of shortage of housing in Grand Rapids in Kent County specifically"

"I feel pretty confident that with those two metrics prices will go up rents will go up and it'll be a great place to invest"

"if you haven't heard of the stack method it still works to exponentially scale within just a few years"

"The only thing I plan on doing to the property is when tenants turn over just getting going from green paint to some other nice color, but yeah it's really just going to be paint and maybe carpet whenever tenants move out."

"my next property I I want to start trying the short-term rental space"

"Market rents are going to be about $1,500 per unit so that's $6,000 of rent coming in and the mortgage payment on it is right around 4,800 to 5 grand so I have like $1,000 of spread there that I can kind of make sure that I am a float on that property for a very very long period of time"

"that allows me to kind of do two things and it's increase rents over that period of time and also maybe pull off a refinance if rates do come down"

"the study showed that we need 35,000 more units of housing in Kent County to meet the demand that there is over the next five years and last year they built like two or 3,000 units of housing in Kent County so like there's still going to be a continu of shortage of housing in Grand Rapids in Kent County specifically so I I feel pretty confident that with those two metrics prices will go up rents will go up and it'll be a great place to invest"