All Forum Posts by: Paul Doty

 Hi Evan, thanks for the response. I've heard similar observations about Grand Rapids from other investors as well. It sounds like a really good market. Having double-digit growth sounds really awesome too. Have you lived there long? Care to wager a prediction on where the whole GR market will be a year from now? I'll say that it will likely be flat, but a couple of percentage points ahead of other MI markets (or the rest of the country for that matter.)

I've only been researching markets from afar. So please remember this when considering my opinions. My personal strategy is to build a steady stream of passive cash flow over the next 7-10 years. I'm aiming for pretty high ROI without too much compromise on the 'steady' and 'passive' qualities. I'm not sure if Kalamazoo is the best market in the US for this, but it checks enough boxes for me. Conservative estimates on rental rates and "worst-case scenario" analyses of expenses show many properties with decent cash flow.

Do you have any experience with Kalamazoo? What other markets in MI do you like?

Kind Regards,
Paul

Hi Evan, would you care to elaborate? From my observations, it seems like Grand Rapids and to a lesser extent, Lansing have a good opportunity for appreciation and less of an all-out cashflow potential. Whereas Kalamazoo seems to be the opposite. Plenty of cash-flow opportunities but less hope for appreciation. Am I on track or out to lunch?
Thanks,
Paul

@Emmett Bond That's really impressive to find a property that cashflows in this part of the world. Good work! I honestly stopped looking around here quite a while ago. With how things are changing, I'll probably start looking around here again in the future. For now, I'm still aiming my efforts at markets far away. 

Thanks for the tip! I didn't know about this feature. 

@Emmett Bond Wow, that's sounds like a great deal! Congratulations! I forgot if I asked already, but where is this located?

Those repairs don't sound too intensive either. Did you do them yourself or hire things out?

Hi @Emmett Bond,

I'm just now seeing this post. I'm sorry you missed the meeting opportunity, but it sounds like a worthy reason :)

I believe the in-person meetings are on hold until further notice. There's talk of doing a virtual meeting this month. I'll post here if that comes together.

How's that property you were talking about? Did it go through alright?

Hi @Ramon Huerta,
I've been away from the forum for a bit and I'm curious how this went. I see you held another property crawl in March too. Any chance you'd be willing to share some info on the properties you visited? Maybe in a new thread or even a private message?

Thanks for the tip @Michael Delmont.
I'm interested in learning more about the Kzoo and Battle Creek area.

@Emmett Bond FYI: There's another meetup this week. It's on Thursday. Event details can be found here: https://www.meetup.com/Belling...

Wow, what a cool idea!
I wish I was local, I'd love to attend.