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All Forum Posts by: Kyler Kieft

Kyler Kieft has started 2 posts and replied 3 times.

Post: First Property! Questions Moving Forward

Kyler KieftPosted
  • Posts 3
  • Votes 5

Hi all, 

My name is Kyler and I recently purchased my first property in west Michigan! It’s a duplex that I plan to house hack. I just have a few questions now that the ball is rolling on my real-estate journey.

1. Do you have any recommendations/ is there a benefit to getting an additional loan for home repairs/  updates? It’s an old home and needs some tlc. Currently I have money saved for the immediate/ necessary renovations but I’ve considered snagging an additional loan to allow me to fully renovate the property. Would the equity gain of new siding, windows, utilities be worth the additional loan in your opinion? I plan to hold the property long term.

2. I’ve begun documenting and sorting my receipts with Stessa. Is there anything else I should consider starting now for the next tax season? Also, any recommendations for a tax professional in the Muskegon/ GR area?

3. In addition to a tax pro, are there any real estate attorney/ lawyers in the Muskegon/ GR area that you recommend? I’d love to start building a relationship with some local professionals to build my team.

Thankyou for reading through my long post and questions that have probably been answered elsewhere. I’m open to any other recommendations and advice for someone starting out. Especially documents, or things I should do early to prep for my experiences down the road. I’d also love to meet anyone local for lunch and pick their brain on real estate sometime too. I work in the restoration industry and write repair estimates for a living. Maybe I can provide insight on that for what I lack in investment experience!:)

Thanks again!

- Ky

Hey guys, I really appreciate you all for reaching out! I'll definitely be in contact with you guys in the near future as I grow closer to my first deal. Thanks!

Hi everyone, my name is Kyler am I'm pretty fresh into real estate investing. I'm from West Michigan and I'm planning on purchasing my first property within the next 2-3 months. I'm an estimator for a local reconstruction company as my day job but I know that real estate is what I want to pursue for the long term. Although I don't have a deal yet, I'm currently in the preapproval process to figure out what I can afford. My plan is to house hack a multi-family, ideally a tri or quad, and then scale up from there. Since I'm from West Michigan, I would like my first property to be near Grand Rapids or maybe Muskegon if the deal is good enough. I would really like to meet some more investors out of West Michigan as well as find some local meetups to attend. Any advice on purchasing multifamily properties or house hacking would be greatly appreciated. I'm also interested in creative financing methods in case my preapproval isn't high enough for a tri or quadplex. I'm excited to get the ball rolling and to be a part of this community. I look forward to learning, growing, and giving back with you guys:) 

Thanks!

-Ky