All Forum Posts by: Paul Leason

I also use David Hill

Stuart, feel free to reach out to me. I'm an active investor and realtor. I have been investing since 2009 and manage all of my own properties. Have invested mainly in buy and hold but have also done 4 flips and a few wholesales. 

As @Jonathan Thrasher states, 30 mins from downtown will cover all of the greater Grand Rapids area. You should consider narrowing you search down a little maybe; we are only a small but growing city here! Happy to be of help and setting a search criteria for you on the MLS of you would like. I'm a realtor and active investor in GR.

Regards

Paul

Hi Andy, welcome to the forum!  I would be happy to help you with the MF investing, but will confess that I have no experience with Mobile Home Parks, though I might be able to hook you up with a colleague dealing more in Commercial RE. My office is on the NW side of GR and I'm happy to grab a coffe and discuss. 

Paul. 

Nice going! Any more deals on the street for the rest of us?

Cody, welcome to BP! I'm an engineer by degree aswell and have been in Automotive for 22 years and have just called an end to that career to continue full time in Real Estate investing. Great engineers think alike!  So give me a call if you need any assistance along the way. Be smart and be brave and at your ripe young age, you can do great!!

Jackie, welcome to BP and to your investing start in GR. With minimal funds to get started and no money deals being somewhat hard to find, my suggestion would be to start marketing for deals and sell those deals to investors like us. That will help generate funds and good experience to start your next investment. But it's a tough business and you have to be very determined to succeed. If you are, you will succeed. I am currently doing a mail campaign and hoping for some better results than before. Also throwing into that campaign some targeted properties I've seen whilst driving neighborhoods. Talk to people too, lots of people. Tell them what you're doing and the deals will eventually come. But it's a numbers game. Mail or talk to 1000 people and you'll find a few deals. Happy to help out if I can. I am quiting my profession day job of 22 years to do real estate full time. That's my passion! Will see you at the RE meets soon. Paul Leason

SUN Title in Grand Rapids do a nice job of closing and they also have an APP for you to be able to estimate your closing costs, even prior to the purchase. You should try it out. Your realtor should also be able to walk you through your HUD1 closing statement and validate it for you before closing. $100/mo for insurance seems a little on the high side but that is just a budgetary number. Ensure you have some amount of liability insurance on the policy. I have $500k on each of mine. You can either insure for the replacement cost ( maybe~ $250k & higher premium) or for the value of the property ($100k and cheaper premium). up to you what you want to protect for and how it affects monthly cash flow. The title Insurance looks about right for ~$100k property. The APP will confirm these numbers.

@Brad A. will be able to confirm for us!

Brad, welcome to the forum!  I too am a Program Manager, with a degree in Mechanical Engineering, so you probably have a solid and logical train of thought!

I have been investing in Grand Rapids for 6 years and am currently seeking other opportunities in GR and surrounding cities such as Kalamazoo, for multi-unit investments that make financial sense. 

BP is a great resource for information though meeting up with people face to face is also a good idea. There's an investor meeting every month (2nd Monday I beleive) at BW3s on 44th st. and RPOA has an investors breakfast every Friday.  

I'm also happy to meet for coffee and discuss RE and my experiences ( both good and bad!) and assist you in your purchases as required. 

Good luck and happy to meet up. Paul