All Forum Posts by: Christopher Vrondran

Hey Nick!

I’m also in the Grand Rapids area! Have you found a broker to sponsee you yet? I’m half way through my pre licensing course. I found an event on the 24th being done by Keller Williams that is for people wanting to become an agent. It’s a bit of a drive for you. It’s on the north side of GR. Send me a DM if you want anymore info. Sounds like it’s going to be a lot of fun. 

Hey Zac! 

There is an investor meetup at Turnstiles tomorrow the 23rd at 5pm. Free to come check it out and network as well!

Hello Ryan! 

You could definitely check out Grand Rapids! It is a booming city with people constantly moving here. I'll send you a connection request and if you would like I could help as boots on the ground here. Detroit can definitely be hit or miss. You would need to have someone that knows the area very well.

If you have any questions shoot me a dm. I can try my best to answer and if I don't know the answer I can find it out.

I wish I would've seen this earier! I defiantly would have stopped in. There is also a meet up tomorrow the 23rd at Turnstiles at 5pm. Hope to see you there. 

I'd be happy to help you out with your search for a boots-on-the-ground partner in the Grand Rapids area. Feel free to send me a direct message and we can discuss further details about your investment needs and how I can assist you. I can also get you in touch with some high producing agents if need be. Let me know how I can be of service!

Congratulations, Courtney, on paying off your first home! That is a significant achievement, and you should be proud of yourselves.

It's great to hear that you are taking the time to update your current home and pay off any debts before moving onto the next one. This will put you in a strong financial position and give you more options when it comes to your next home.

House hacking can be an excellent way to build wealth and live more affordably, especially when you have equity in your current home. Depending on where you want to live in West Michigan, you may be able to find properties that would be good candidates for house hacking, such as duplexes or homes with separate rental units.

As you prepare for your next home purchase, it's important to consider your long-term goals and what kind of property would be the best fit for your lifestyle and financial situation. You may also want to think about working with a real estate agent who has experience with investment properties and can help you find the right property and navigate the buying process.

Overall, it sounds like you are on the right track and are making smart financial decisions. Keep up the good work, and best of luck with your next home purchase!

Hey everyone

I am just wondering if there is some sort of process that anyone has for when a tenant chooses to vacate when served a pay or vacate notice? Is there a document you use to have them relinquish their right to tenancy?

For context, this is in Michigan. 

Thanks in advanced

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $155,000
Cash invested: $20,000

This is a 4 unit property. Found the deal through a co-worker. The seller agreed to seller finance this deal with $15,000 down on a 3 year balloon at 5% interest. Occupancy was at 75%. The 4th unit needed cosmetic repairs. I actually bought this before even owning a personal house.

How did you find this deal and how did you negotiate it?

A co-worker's brother mentioned to my co-worker that he was thinking of selling this property because he had too much going on. He initially wanted $195K for it. I used Chris Voss' strategies from his book Never Split the Difference and I was able to get him to agree on $155K.

How did you finance this deal?

This deal was seller financed on a 3 year balloon at 5% interest.

How did you add value to the deal?

The 4th unit was vacant when I purchased this property. We are doing a light rehab by putting laminate flooring, new countertops, painted kitchen cabinets, replaced some interior doors, rehabbed the porch, and gave it a new coat of paint.

Lessons learned? Challenges?

Learned how to put together a purchase agreement and get it to title. I learned that you need to stay on top of the title company if you haven't heard back from them for a few days. When the title company ran the search, the seller and the previous owner never filled the deed stating that the last land contract had been fulfilled. This wasn't found out until 5 days til closing.

  I will definitely share what I come up with. If you wanted to collaborate at all on something or even just suggestions that pop in your head feel free to message me.

I love that. Expect to do business not maybe we can do business. 

I just started a text campaign trying to evoke a “No” response. Chris Voss talks a lot about how when someone is able to answer “No” it can make them feel safe. I’m hoping to put a full cold calling and texting script built around his concepts.