All Forum Posts by: Tim VandenToorn

@Michael Tempel did you ever develop this role?  We are looking at this currently.  I am curious about what you settled on and what your experience was?

Welcome Kyler. Investor, broker and property manager here in Grand Rapids. Happy to chat if your interested. 

“Don’t wait to buy real estate, buy real estate and wait.” Harv Eker  I don't know who Harv is, but this is golden advise.  =)  

I would love to chat about my experience and journey if interested.  I invest primarily in Single family's and small multi-family units.  In my portfolio I have commercial office, short term vacation rentals, and a very healthy amount of long term single family investment properties, mostly in Grand Rapids Michigan.   I am also part owner of United Properties of West Michigan, were we manage around 120,000,0000 million in assets under management.  

I get receive more interested buyers wanting to break into the HOTTEST market in the US from Bigger Pockets, so when I came across this off-market property, I thought I would pass it along.  Ok...we are ranked 6 in the nation, but regardless Grand Rapids and West Michigan, in general, is a fantastic place to invest.  Call Joe, his number is attached! 

Link for Pictures & Videos:

Layout & Info:

6 unit with under market rents throughout consisting of:

2 spacious studios (no..seriously) market rent $700-$800

4 spacious 1/1 (ditto) market rent $900-$1100

Heritage Hill Victorian Incredible Woodwork

2 Main Floors

1- Studio is rented month to month for $595

2 - One bed apartments are rented month to month @ $650

1- studio vacant 

2- One bed vacant

Split utilities

Off Street parking...what!!!

Owner-managed for 30 years

Meticulous condition

HOTTEST NEIGHBORHOOD IN GRAND RAPIDS walk to anywhere

Look at the street view

Price: $560,000

Call or text Joe Howard III

(616) 881-4242

Available 8:30am-7:30pm

Mitch, this is new in the last year.  Previously if a property sold and had a few years left on the certification the City wouldn't immediately contact the new owner for a recertification.  I suspect that is because the City was behind on getting all the single-family homes certified since it was a new requirement passed around the year 2014.  Now that they are caught up and most rentals have been inspected and certified they are on top of it.  We recently had a property with 5 years left on the certification sell-off market to a new investor who already had properties under our management and the City notified us within 2 weeks of registering it to the new owner, that it needed to be recertified.  The City is starting to enforce the requirement to have a property certified prior to placing an occupant.  This means if you start to manage a new single-family home that was previously owner-occupied, before marketing it and placing a tenant, the City wants to inspect it.  This was never the case before.  

I am a property manager and investor in Grand Rapids and Muskegon.  Happy to connect if you are ever passing through Grand Rapids. One of the many great things about real estate is there generally areas of opportunity in every town. Small cities or townships within 20-30 minutes of a larger metropolitan often have great investment opportunities. First, determine your target cash on cash return, from there identifying where to purchase should be a lot easier.  Also, identify a property manager in the area unless you plan to self-manage.  Buying in rural areas or small towns can be challenging if you don't have a manager close to handle the day-to-day. 

@Frankie Arguelles That is fantastic!! I wish I was flipping houses at 22! If you are ever interested in chatting more about long-term investments, let me know.  I am happy to sit down to discuss Grand Rapids. 

Great job @Nicholas VanKlompenberg.  You should be able to get close to 1,800-2,000 for that depending on the condition and location.

United Properties here....Here to help =) 

@Brad Van Epps Did you find what you are looking for yet?  If not I would love to help!  I am a broker and own a property management company.