All Forum Posts by: Darson Grantham

@Mason Schreck welcome to the DSM metro investing club! HA We have a pretty vibrant community of local investors that do a great job networking and sharing sources.  Obviously, we are all in the same market but that typically doesn't stop ppl form sharing resources here!

If you need anything let me know, I started as an investor and then transitioned into a realtor that works closely with investors to find and strategize around the right properties for their portfolio from A class SFH to C class apartments, Des Moines Metro is big enough to attract people but small enough to stay off the radar of the big players ;)

Register here to keep up to date with the Tuesday meet ups: https://forms.gle/QizTcSV1U8PJ...

@Tim Winfred Happy to connect send me a direct message and we'll get it on the calendar.   Without being to egotistical, I'm an investor-friendly agent and have worked with dozens of folks like yourself that are looking to buy rentals 1-25 sized units in DSM area.

For what its worth I'm available mornings 9-10am slot would be great

Kicking off a new Monthly meeting for the local Des Moines area real estate investors. Starting Sept 13th (and continuing the 2nd Tuesday each month) we are hosting a real estate investor meetup. This is partially a structured event where we will have an agenda.

The first 60 ish minutes with announcements and a guest speaker.

Followed that up with Q&A for the guest speaker and networking with other investors for 60-90 minutes.

@Mandy Adams Love that you are exploring the BP forums to gather info about an OOS area you are looking to invest in.  I've psoted about this many times but to keep it short, Iowa in general is small, but investing in different areas is completely different.  Des Moines vs Ames vs Coucil Bluffs/Omaha vs Iowa City vs Waterloo vs Davenport.  Each has its advantage and disadvantages.  I actually recoreded an interview on my YT channel sharing the different between Des Moines and Cedar Rapids/Waterloo investing areas.  Feel free to go check that out.

All in all, first step is to build a team, realtor, banker, property manager, and potentially contractor.  I've helped dozens of folks buy their first rental in the Des Moines metro from Single family turnkey @Brian L Radcliffe , to househack duplex , to full rehabs , to the ultiple 4plex @Collin Wallace Chesnut househack!!

Depending on your situation, there is no "right" way to do it but a good guiding person to be your boots on the ground is key to understanding the market & making sure you are not buying the worst deal in Iowa that looks like the best deal in Hawaii if that makes sense....

Good luck and feel free to reach out if you want to chat for 15-30 mins!

@Joseph Lyons, regarding deal flow for 10+ units, you have a couple of options.

1. Contact and build a relationship with 2-4 agents that are in this market THAT ARE WILLING TO SEND YOU DEALS.  

2. Pull a list of potential properties, in the DSM market, there are not more than a couple hundred 10+ units in the Des Moines area.  So you need to start talking to those owners.  This process will be a significant amount of work, ask me how I know ;), but it is a long game-type play for me as an agent.  

I’m fairly involved in the smaller multi world of DSM real estate, if you got 6 units for around 32/unit that type of deal just doesnt come around very often. 

But if those are your criteria, be patient and keep grinding!
we do an investor meetup friday mornings at 7am - 8:30 am at smokey row downtown!  

Every single Friday for the last 2+ yrs!

This event is today at Noon! Hope to see you there 

My team and I at The Grantham Group, are gearing up for our next real estate education series event. The topic this time will be on Adjustable Rate Mortgages (ARMS). We have the Assistant Vice President and Mortgage Loan Officer, Tyler Kagemann, with Union State Bank joining us to share how ARMs can be structured, why they have such a bad stigma today and to understand the pros and cons of this type of loan product.

Hope you can make it on Thursday, June 23rd, but be sure to register: https://forms.gle/4zVqi5AqhFD5Lapv9

@Reid Sealby, I've worked with dozens of STR and MTR clients buying and selling here in Central Iowa, from Luxury 500K acreage to standard SFH near the inner city and everything in between. I have yet to find anyone who isn't well ahead financially from running these here in Des Moines. Now as you and I both know this type of investment is different than long-term rentals and each city around central Iowa handles STR differently so be aware buying in Des Moines proper is different than Windsor Heights, different than Ankeny, and is different than Altoona.

I just saw a message come through my email from you, thanks for reaching out!  Talk soon!