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All Forum Posts by: Kevin Swanson

Kevin Swanson has started 2 posts and replied 3 times.

Post: Looking for strategies in a seller's market

Kevin SwansonPosted
  • Architect
  • Grand Rapids, MI
  • Posts 3
  • Votes 1

Seems like my first step is to establish a more clear rate of return I would like as @Tim VandenToorn suggested in addition to specific property criteria. Once I have a framework, it seems like it would come down to discovering deals that fit within it and then applying the persistence / patience to keep putting offers in. That persistence is probably looks like a lot of door knocking as @Ray Lai mentioned, and patience of keeping at it as @Julie Haveman is.

I just wanted to thank everyone for all the feedback! This was my first post on BP, and clearly the community aspect of this website is strong which is super encouraging. I am taking notes and absorbing all the helpful tips.

Post: Looking for strategies in a seller's market

Kevin SwansonPosted
  • Architect
  • Grand Rapids, MI
  • Posts 3
  • Votes 1

I am living in Grand Rapids, Michigan and am interested in investing locally. I have yet to do a deal because I am nervous to pull the trigger when I consider the current housing market. In Grand Rapids, houses go on the market and are sold for over asking price the next day... I have put in offers on several duplex's, and have been out-bid by 5k + / all cash deals.

I am reaching out for advice on how to get into my first in such a crazy market. I am open to any kind of strategy - but would be most interested in a duplex, triplex, quad, or single family flip. I am an architect, so new-builds would also be an option (although I would need to reach out for other financing options as I could not afford to do that on my own). Any suggestions would be much appreciated!

Post: Looking for strategies in a seller's market.

Kevin SwansonPosted
  • Architect
  • Grand Rapids, MI
  • Posts 3
  • Votes 1

I am living in Grand Rapids, Michigan and am interested in investing locally. I have yet to do a deal because I am nervous to pull the trigger when I consider the current housing market. In Grand Rapids, houses go on the market and are sold for over asking price the next day... I have put in offers on several duplex's, and have been out-bid by 5k + / all cash deals.

I am reaching out for advice on how to get into my first in such a crazy market. I am open to any kind of strategy - but would be most interested in a duplex, triplex, quad, or single family flip. I am an architect, so new-builds would also be an option (although I would need to reach out for other financing options as I could not afford to do that on my own). Any suggestions would be much appreciated!