Grand Rapids, MI Named #1 City To Invest- Partnership Opportunity

[Andy Albrecht]

Grand Rapids, MI was just named the #1 place to invest in real estate by Forbes Magazine

http://woodtv.com/2016/01/29/forbes-gr-best-city-to-invest-in-housing/

 I have lived in the Grand Rapids, MI area for my whole life and I know the areas in which are going to be upcoming in the next 5-10 years. I also have a great network of commercial and residential real estate brokers and have been doing my research by driving for dollars and asking people I run into where deals are. The problem is that my capital is tied up in my current house that my family and I live in and our in ground pool that I put in for my family this past fall. I have a very good full time job in Commercial Insurance/ Risk Management and Financial Services and I have good credit!! I also have an extensive network of Contractors in the West Michigan area and I know who to use and who not to use that will benefit us. I have also done extensive research on the Property Management companies to use in the area and who not to use and I know how to manage people. Just this past week I came across three separate deals that I would have jumped on in a heartbeat had I had the capital for a down payment but they had offers on them within 12 hours of being on the market, that is how good the real estate is here right now. What I am looking for is a partnership where you have the capital and experience of putting deals together, negotiations and contracts and I bring the hustle to the partnership of finding deals, aligning contractors, property management and make sure the areas that we are buying multi-family and apartments in are good investments. The three that I had to pass on just this week had cash on cash returns of 25-45% each and were currently occupied with below market rents. I also have a working relationship with a local real estate attorney and CPA and have had opportunities to partner with area business relationships but I want someone with experience in investing where we each have something we can bring to the table. If this interests anyone and you are serious about getting something started let me know. Thank you and I look forward to working with another like-minded BP member.