All Forum Posts by: Evan DeVisser

Welcome to the family Craig. It is going to be a fun journey. 

@Xavier Martin I love that you want to house hack. This is one of the most powerful investment strategies you can do as a newer investor. Dm me if you would like some tips and tricks as to which properties in Grand Rapids tend to be the most profitable and efficient as a house hack opportunity.

Regards,

Evan DeVisser | Greenridge Realty

@Austin Wingett you are making an awesome decision to house hack here in Grand Rapids. I have helped a few friends and clients do this already, and it is not very difficult to live for free or even cash flow a little while house hacking.

My biggest tip would be to make sure you buy in an area where you would be comfortable holding a property long term. There is nothing worse than buying in a lower class area because the return is a little better and then figuring out that it doesn’t fit with your long term goals.

Dm me if you wanted to get on a quick phone call or meet up for a beer. I would love to help out wherever I can.

Evan DeVisser | Greenridge Realty

@Calogero Fucarino this is a very achievable goal even in this Grand Rapids market. You will definitely want to speak with your lender to be sure you can pull it off from a lending stand point. I have helped clients buy small multi family with both FHA and Conventional financing. A good lender will be the biggest asset to you through out the process. DM me if you have any more questions. I would be happy to help out.

Paul- I grew up in Kalamazoo and lived there for 19 years. I did not pay too much attention to investing back when I was in my teens, but I do have some good friends who invest there. The one invests a lot in Comstock which has good and bad pockets within the school district. He loves the cash flow and passivity of that market.

As far as Grand Rapids goes, I have a feeling we are going to see a dip in values here since our governor has taken this stay at home order to an extreme level. In one year my guess is as good as anybodies, but I would bet we see our appreciation fall to a far more realistic number. (By realistic I mean 2-3%.)

@Paul Doty Grand Rapids definitely doesn’t cash flow quite as well as Kalamazoo. My only point with what I was saying is that in Grand Rapids you can still cash flow positive (less than other surrounding markets) while still being able to get great numbers on appreciation. Last year there were 2 zip codes that seen double digit appreciation in Grand Rapids and that’s in a market where people are still able to Cashflow positive. That is a tough market to find and I haven’t seen another city in Michigan duplicate this. That is why I am a strong believer in GR.

I would love to hear your take on what you have seen? Which market do you prefer and why?

All the best,

Evan DeVisser | Greenridge Realty

Hi Steven, 

You can choose to invest in Lansing, Kalamazoo, Detroit, Muskegon, or Grand Rapids but they are all quite different markets. I personally invest in Grand Rapids, so that is what I will address.

I am able to cashflow about $100 per door here while experiencing between 7-10% appreciation annually as well rent appreciation. I have been very happy with my investment here, and I look forward to getting into another one in the near future. It will be interesting to see what the market does once our stay at home order is lifted; however, I am confident that Grand Rapids has a great foundation to be a fantastic long term buy and hold market. 

Evan DeVisser|Greenridge Realty

Nice work Patrice Boenzi. With the Southeast of Grand Rapids getting so saturated with investors, you must have a great team in place to put a deal together like this. What all needed to be done in order to make it city certified? 

@Nick Paquet nice job Nick. How did you get into it with so low money down because that is fantastic?

@Erica Allen I have a 3 unit in 49504 that I may consider selling in the near future. DM me if that interests you at all.