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Updated over 8 years ago on . Most recent reply
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New member from Michigan
I'm a CPA in Grand Rapids and interested in getting into real estate investing.
Most Popular Reply
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- Residential Real Estate Broker
- Grandville, MI
- 76
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- 105
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Welcome to BP Justin. There's a lot of different ways to get into RE investing. You can actually do it with a couple of clicks on the stock market buying REITs. That's probably the most hands off easiest way to do it. If you want to have a little more control or be local, then you have to decide how much you want to be involved with your investing. Some simply are the "cash guy" in a deal. Others like to be part of a group or conglomerate that does many deals across several partners. There's about 5000 buyers right now in Grand Rapids looking for a Land Contract for various reasons and none are available. You could be the "go-between" for those deals if you wanted. Simply buy a home for cash and then turn it around on a land contract at 20% above what you purchased plus 7% interest. There's some risk involved with any of these set ups and typically the greater the possible return, the higher the risk. I deal a lot with foreclosures which can bring HUGE returns, but those need work and you'll need to partner with someone who is good at contractor work to make those profitable. I'd be happy to discuss any of these ideas and hook you up with contractors, investor groups, foreclosed homes, etc. anytime. Just let me know! I keep links to all of the foreclosure sites on my website (hit the foreclosure tab) if you want to see what's out there.
- Randy Charboneau
- [email protected]
- 616-262-0001
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