Southwest Michigan investors - let's connect

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Southwest Michigan investors - let's connect

Michael B.
Newbury Park, CA · Member since 2015 · 157 posts · 121 votes

Just wanted to connect with investors that are currently investing in southwest Michigan! I live in CA but I invest primarily in buy and hold rentals in MI at the moment - I work with a trusted team there. Since there are not a lot of posts about Michigan investments on BP yet, let's share some experiences, contacts, deals etc! 

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Jamin Olds
Investor · South Haven, MI · Member since 2015 · 48 posts · 13 votes
7y

Hey Michael,  

There definitely are not many post from Michigan. SW Michigan is a great area to invest.  We currently have 26 units in SW Michigan. Mostly duplexes and 4-units with a few single family properties.  Currently under contract with a 30 unit mobile home park.  Lets connect - let me know if you questions or need connections in the area.  Our team is pretty active and networked in SW Michigan. 

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  • Josh Bloomquist
    Investor · Portage, MI · Member since 2015 · 47 posts · 11 votes
    7y

    Hello @Michael B., thanks for staring this post! I've noticed there aren't a lot of Michigan posts also. I have a couple SFR's in Kalamazoo, MI. But I haven't made many efforts to expand my holdings in a couple years. Would love to connect with others in strategies to get active again!

    2Reply
  • Joe VilleneuvePro Member
    Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
    7y

    Still investing in SE MI.  I find more deals, and better ones there.

    0Reply
  • Jamin Olds
    Investor · South Haven, MI · Member since 2015 · 48 posts · 13 votes
    7y

    Hey Michael,  

    There definitely are not many post from Michigan. SW Michigan is a great area to invest.  We currently have 26 units in SW Michigan. Mostly duplexes and 4-units with a few single family properties.  Currently under contract with a 30 unit mobile home park.  Lets connect - let me know if you questions or need connections in the area.  Our team is pretty active and networked in SW Michigan. 

    4Reply
  • Saravanan Saravanan
    Lender · Troy, MI · Member since 2019 · 432 posts · 147 votes
    7y

    @Michael B.

    Seems like few us are in greater metro detroit zone.   

    There are investors in SW Michigan and there is real estate meet up group in lansing area I believe.

    SW Michigan seems to have 3 counties as per michigan website.

    https://www.michigan.org/find-a-michigan-city?region=103

    0Reply
  • CJ Wine
    Member since 2018 · 13 posts · 9 votes
    7y

    @Michael B. 

    I've been trying to get started in Michigan for several months now. I'm a new investor trying to get my feet wet long distance from Colorado. I've tried working with several different realtors, found what seems to be a good home inspector and some possible PMs, but still haven't found that first property yet. I thought $30k saved would give me a good start, but find that really doesn't seem to open many doors going at it solo. Thanks for posting this thread and I will be following to see if I can learn something or share a little of the knowledge I have gained thus far. 

    2Reply
  • Joshua Griffin
    Flipper/Rehabber · Pontiac, MI · Member since 2019 · 6 posts · 1 vote
    7y

    @CJ Wine hey cj, I live in Michigan and I believe 30k is more than enough to start investing whether you’re looking to fix and flip or buy and hold. There are many opportunities in the metro Detroit area and if you have any questions or would like to work together let’s connect!

    1Reply
  • Saravanan Saravanan
    Lender · Troy, MI · Member since 2019 · 432 posts · 147 votes
    7y

    @CJ Wine

    Hope you have good experience locally; so that you can use that to extend outside of your place of living.

    If you have someone whom  you can trust remotely; that would be added help. 

    Managing remotely needs different and special skills.

    You should also have handful of backup plans when things get into difficult situation.

    1Reply
  • Rob Joon
    Realtor · Saugatuck, MI · Member since 2015 · 34 posts · 4 votes
    7y

    @Michael B.

    Hi Michael.

    My parents live in Newberry Park after spending many years in SW MI. I primarily invest here.

    1Reply
  • Dave Hutson
    Rental Property Investor · Kalamazoo, MI · Member since 2017 · 19 posts · 11 votes
    7y

    @Michael B.

    Hey Michael - Thanks for creating this thread. SW Michigan is a great midwest location to invest and live! I live in Kalamazoo and have been investing in the Grand Rapids area with my business partners - small multifamily units primarily. Currently, we oversee the rehab and self-manage with a buy and hold strategy. I am always excited to connect with other like-minded investors. I believe SW MI can support many different strategies - Vacation Rentals, Short Term, Long Term, Flip, Multi, etc. And the MLS is still a great source for deals as well.

    What specific areas of SW Michigan do you invest - GR, South Haven, St Joe, Muskegon, Kazoo? What is your decision criteria for doing so? Are you doing SFR or Multi?

    1Reply
  • Dave Hutson
    Rental Property Investor · Kalamazoo, MI · Member since 2017 · 19 posts · 11 votes
    7y

    @CJ Wine

    CJ,

    You've picked a great location to start investing!  I've lived in SW Michigan majority of my life (went to college at CU - Boulder, what part of Colorado are you in?) and am currently investing in small multifamilies in the Grand Rapids area.  I believe 30K is definitely enough to get your first deal done.  In fact, that's pretty close to what my first deal required.  What specific strategies interest you?  

    0Reply
  • Drew Brown
    Property Manager · Lansing, MI · Member since 2015 · 170 posts · 59 votes
    7y

    I invest in and around the Lansing area currently. I love the area because there is a growing demand. It has allowed me to cut my teeth in investing near where I work and play as well.

    1Reply
  • Anthony Butcher
    Orlando, FL · Member since 2015 · 47 posts · 8 votes
    7y

    Hi all,

    Happy to see this post as well. I'm also looking to invest in Grand rapids as my first investment property. I live in Orlando but my wife is from Michigan. We're looking at coming up in June to start scouting the area and hoping to get our first deal by August - October time frame. Would love to connect or get recommendations on good PMs what are the best areas to invest with 20k etc.

    0Reply
  • Wendy PattonBusiness Member
    Real Estate Consultant · Clarkston, MI · Member since 2009 · 864 posts · 350 votes
    7y

    If you have feet on the ground in Michigan, you should try getting to your local meetup. Go to the events tab to see whats coming up.

    Michigan Real Estate Investors540 Reviews
    WebsiteView Page
    1Reply
  • Wendy PattonBusiness Member
    Real Estate Consultant · Clarkston, MI · Member since 2009 · 864 posts · 350 votes
    7y

    @Joshua Griffin Looking forward to seeing you at the meeting Thursday!

    Michigan Real Estate Investors540 Reviews
    WebsiteView Page
    0Reply
  • Jack Ropp
    Realtor · Grand Rapids, MI · Member since 2017 · 30 posts · 15 votes
    7y

    I own a duplex in the Lansing area. The Lansing area is interesting with the additions to Sparrow hospital and the development with the downtown area marketing it as the new "Stadium District". 

    I want to continue investing in Lansing but I am also looking at the GR, Holland, Grand Haven, Muskegon areas. I personally just like the west side of the state better and have a relative who is a broker that has been investing on the west side for over 20 years and am beginning to work with him more and more.

    0Reply
  • Michael Tracy
    Lender · Evergreen Park, IL · Member since 2016 · 4 posts · 1 vote
    7y

    @Wendy Patton events tab?

    0Reply
  • Ryan Kuja
    Rental Property Investor · Holland MI · Member since 2014 · 79 posts · 27 votes
    7y

    Great thread going here you guys. I have 7 properties/ 9 units between Holland, Kalamazoo and GR. They are all SFRs and duplexes. Im a huge fan of the area and potential remains strong though great deals are much sparser than 2 years ago. Im interested in connecting with other local investors to talk more, explore partnerships etc. 

    1Reply
  • Judah Beckel
    Sturgis, MI · Member since 2017 · 4 posts · 0 votes
    7y

    @Wendy Patton

    New to the SW Michigan area from Tampa, FL

    And new to bigger pockets.

    Where might I find more info on local groups?

    0Reply
  • Kelly Iannone
    Rental Property Investor · Orlando, FL · Member since 2018 · 301 posts · 354 votes
    7y

    I had to jump on this thread to see what’s happening in SW MI as I grew up in Sturgis (I see that’s where you’re at @Judah Beckel)

    @Anthony Butcher be sure to check out the local (Orlando) BP Meet up. We meet the first Saturday of each month.

    0Reply
  • Charles Kao
    Specialist · Grand Rapids, MI · Member since 2016 · 1k+ posts · 611 votes
    7y

    @Michael B.

    Not enough posts on BP for SW

    Michigan? I only get 50 alerts a day! What areas specifically in SW Michigan?

    1Reply
  • Jayne Overbeck
    Real Estate Agent · Lowell, MI · Member since 2016 · 42 posts · 7 votes
    7y

    @Michael B. 

    Hi Michael, I've lived in Grand Rapids, Michigan all my life and have been a Realtor for over 30 years.  I'm more of a flipper so it's a little tougher in this area because we still have a shortage of inventory.  Grand Rapids is a great place to invest so let me know if I can help:)

    0Reply
  • Rafie Ahmed
    Sterling Heights, MI · Member since 2016 · 37 posts · 19 votes
    7y

    Looking for investor specialist /agents that have experience on incoming properties for fix and flip. Working on 2 projects in Warren, Michigan but always looking for the next house to work on! Open to all. 

    2Reply
  • Adeva Edobor
    Banker · Huntington Beach, CA · Member since 2018 · 99 posts · 100 votes
    7y

    @Michael B.

    Thanks for starting this Michael. I invested in my first real estate deal in Wayne county, Detroit about 9 months ago. That was before I found Bigger Pockets and everything I've seen on bigger Pockets makes me feel like Detroit is a no go area. So I'm glad there are actually other investors in Detroit. This is such a relief. My rental has been fairly good so far but because of the bigger pocket stigma, I've been expecting the worst. Now I can breathe easy.

    1Reply
  • Joshua Griffin
    Flipper/Rehabber · Pontiac, MI · Member since 2019 · 6 posts · 1 vote
    7y

    @Wendy Patton see you there!

    0Reply
  • CJ Wine
    Member since 2018 · 13 posts · 9 votes
    7y

    @Joshua Griffin Hey Joshua! I'm looking for buy and hold options and have been skittish on taking on any large rehabs simply due to not having many trusted connections or great knowledge of the areas, only hours on Google. My realtor on the SE side has been sending me a lot properties in the Detroit Metro areas, but I hear that you really need to know your streets on that side of the state because it can be vastly different cultures from one to the next. Thus, recent efforts have focused a little more on the SW side. I would definitely be interested on any advice and/or connections you'd be willing to share on the area. Thanks!

    1Reply
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