All Forum Posts by: Dan Christie
Dan Christie has started 4 posts and replied 21 times.
Post: Looking for the most investor friendly money in Michigan
- Grand Rapids, MI
- Posts 23
- Votes 8
Ok I am getting ready to jump in both feet so I'm looking at the most investor friendly lenders in Michigan. Private money, hard lenders, or banks I don't really care where I go but like to use lenders who keep the ball rolling with me and even help with structure of the lending. If you have any suggestions or a lender you really like please let me know. Thanks a lot for any help
Post: Commercial lending for apartment complex
- Grand Rapids, MI
- Posts 23
- Votes 8
Originally posted by @Michele B.:
IF you are looking at the possibility of Hard Money I can get you some information.
Hi Michele not trying to hijack the OPs post but Im in Michigan and would love to connect or get info from you.
Post: Commercial lending for apartment complex
- Grand Rapids, MI
- Posts 23
- Votes 8
Originally posted by @Michele B.:
IF you are looking at the possibility of Hard Money I can get you some information.
Hi Michele not trying to hijack the OPs post but Im in Michigan and would love to connect or get info from you.
Post: Commercial lending for apartment complex
- Grand Rapids, MI
- Posts 23
- Votes 8
Originally posted by @Michele B.:
IF you are looking at the possibility of Hard Money I can get you some information.
Post: Multi family vs single family rentals investment
- Grand Rapids, MI
- Posts 23
- Votes 8
Thanks Dennis that's what I was thinking but thought I would get some ideas from others who may have had some insight. I appreciate your reply thank you
Post: Multi family vs single family rentals investment
- Grand Rapids, MI
- Posts 23
- Votes 8
Originally posted by @Dennis M.:
I agree with your sentiments I’d much rather go big or go home. A 100$ a door to me is a waste of time and I’ll do a vanguard fund before I answer evening phone calls about a mouse and change out light burnt bulbs
Many newbies are scared to do multis right out the gate due to lack of experience .Multis often cost more .they are sometimes harder to get loans on from a lender .some people prefer appreciation with the single over cash flow of the multi .Some people want to be able to get out ( exit strategy) easier if they fail .
Post: Multi family vs single family rentals investment
- Grand Rapids, MI
- Posts 23
- Votes 8
I'm still fairly new but in deciding the cost benefit of multi family investing I'm curious why so many decide to go with SFR rentals. Im not saying they aren't worth it because that subjective but I'm curious why one would choose to use a single transaction unit opposed to a multi unit transaction. Is it the cost of the acquisition (down pmt), lack of experience, to much too soon, or what. Again I'm not fighting one way or the other but I want to go as large as possible as soon as i can. $400/month does not interest me one bit for the phone calls but $4,000 makes the phone calls appealing. So im curious what way most of you started
Post: West Michigan Rookie
- Grand Rapids, MI
- Posts 23
- Votes 8
Sounds great Tim I'm on the prowl for a few right now. I will let you know if I find anything
Post: West Michigan Rookie
- Grand Rapids, MI
- Posts 23
- Votes 8
Originally posted by @Tim Johnson:
Hey Dan. I'm also from grand rapids. I'm a custom home builder in grand rapids and a licensed GC. I also have the itch and want to find some deals. If you need help with a project or want to partner up on something I would be interested.
Thanks
Post: West Michigan Rookie
- Grand Rapids, MI
- Posts 23
- Votes 8
Thanks everybody I appreciate it.