Anyone else excited about the Grand Rapids market like I am?

[Tim VandenToorn]

Exciting things are happening in Grand Rapids with the medical development, and the GVSU college area.  Not to mention all our new breweries.  This town is hopping!!

I have several success stories involving our investors in this area but and just concluded the remodel on another large project that I wanted to share.  

One of our new investors purchased a few properties in the HOT GVSU student zone in the last three months.  We just completed one  property that was purchase for 39,900  with $50,000 invested into the remodel project.  This property includes all new windows, siding, insulation, down to the studs remodel, HVAC, Central air, 2 full bathrooms and new kitchen, and 5 bedrooms. This property was rented to the first person that saw it before completion for $1995.00 (they pay all utilities).  These numbers are GREAT, and this house will be a long term, low maintenance property.  

There are still these deals out there.  If you need help identifying properties or even advise of remodeling them let me know.  I have a steady stream of leads coming in, that I pass along to our owners.

Whats your most recent success story?

[Michael Lerch]

@Tim VandenToorn @Flavio Zanetti

 I laughed when he asked you to refer a reputable management company. Guess it's his lucky day, huh? 

Tim's management company is one of the best (if not THE best) in Grand Rapids. They have a high standard for the properties they manage and they don't like to get junk properties to offer their clients... ask me how I know, he's even turned down some of my lower end wholesale deals haha. But it just speaks to their integrity as a business. I also know his dad (Russ) who works the business together with Tim and he's REALLY smart when it comes to rentals and serves on the local REIA board. Russ always says not to work with anyone until you get a couple referrals first so I'm happy to throw mine out there.