This significantly simplifies the process as it takes the secondary market out of the construction part of the process. 

@Joe BellevilleTo build a successful multifamily property portfolio in Grand Rapids, set criteria for property type, location, and budget, build a team, analyze deals using the 1% rule, leverage house hacking, leverage local knowledge, prepare for tenant management, network, and focus on long-term goals.

Always a good idea to include a tax accountant in your decision-making process. 

What would push the needle for you as a broker to confidently move forward with a buyer in the process of acquiring a building?

The process is very involved as you'll have to navigate pre-construction activities that involve architectural plans and approval from the city and then the construction activities (Shovel to soil) take anywhere from 5-9 months depending on how much your building. 

So, good for you on that, I think that's the best path to success in a field that is generally frowned upon.

And for anyone considering them, what questions do you have about the process?

It is the state capital with lots of economic development driving job growth and demand for housing with a lower cost of living to keep maintenance costs down.To Your Success!

By doing this, I can better match deals to their needs while creating a smoother and hopefully faster process for both the seller and the investor. 

What's your deal-finding process?