All Forum Posts by: Logan Laperriere
Logan Laperriere has started 0 posts and replied 325 times.
Post: 3rd house hack!
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Congratulations on your new property. I am super excited to see what you do to the place!
Quote from @Justin Albrecht:
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $109,000
Cash invested: $10,000
Contributors:
Logan Laperriere
My 3rd house hack and biggest fixer-upper project of my career. I'm excited to force some equity into this duplex by renovating both kitchens, both baths, new paint and new flooring all around.
What made you interested in investing in this type of deal?
I was able to buy this house with 5% down and when its fixed up and rented, the other tenant will cover almost all of the mortgage.
How did you find this deal and how did you negotiate it?
Zillow
How did you finance this deal?
W2 job
How did you add value to the deal?
This duplex needs a lot of work including two new kitchens, two new baths, flooring and new interior paint. It needs trees trimmed, a deck installed and exterior landscaping. Most of these i can do myself to save costs and build huge equity.
What was the outcome?
still working on this :)
Post: Hello BiggerPockets! New PRO here
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Hi Nathan,
Welcome to the BP Forum!
I see that you are from Greenville, West Michigan has several great markets for investors. What type of properties are you interested in?
Post: Intro, MTRs, and investor-friendly real estate agents recommendations
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Quote from @Marcelo Murai:
Thank you @Logan Laperriere, appreciated it. How are things going in MI? I lived there for almost 10 years before moving to NJ. My family and I miss Michigan. Best
Hi Marcelo,
Michigan is a great state to live in. What area did you live in?
I am originally from Metro Detroit, I went to college in Kalamazoo, and I now live in Grand Rapids with my family. We still own some properties in Metro Detroit but have been focusing on West Michigan the past few years.
Post: Selling a large lot as one lot or divided?
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Hi Tricia,
You are correct Lakeside Township and the surrounding areas are a very popular vacation destination for Chicago natives. 51 acres with R-2 Zoning would be a great development opportunity. Dividing it up into 17 acre lots would be an option as well. I am a real estate agent and investor in West Michigan. I would be happy to take a look at your property and discuss comps and potential strategies.
Post: Hello everyone nice to meet you guys.
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Hi Jacob,
Welcome to the Forum!
Post: Best way to sell a Turnkey Short Term Rental?
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Where is your STR located? Is it in an area with strong restrictions? If so, that can be a benefit for investors since this property already qualifies. I would definitely mention in your property description that the property comes turn key, and offer to show the properties rental history/income. I would also market the property on local Facebook groups, you may find that there is a specific group for STR owners in the area.
Post: Intro, MTRs, and investor-friendly real estate agents recommendations
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Welcome to the BP Community. A great place to find local networking groups is in the Events and Meet ups section of the forum. If you are looking to connect with a local investor friendly real estate agent click on the Find an Agent tab at the top of the page. It will connect you with a few agents in your local area.
BP also has a great rental property tool that will help you to analyse potential properties.
Good Luck with your search!
Post: My tenant keeps asking me to come check the property in person
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Hopefully they are just proud of how it turned out. I agree it is an odd request.
Post: Neighbor refusing to move camera pointed at STR pool
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
It is a bit odd, but as others have said it could truly be for security purposes. I have found that at several of the STR properties where I have stayed have cameras monitoring the outdoor areas (ring cams, nest, security cameras). I recommend planting a tree or placing a privacy screen to block the view of your pool.
Post: Inspections on rental properties
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
It is definitely worth it to have semi annual/annual inspections of rental properties. There are multiple benefits. Finding maintenance issues prior to them becoming a larger problem (water leaks, pipes, roof etc.). You are also able to make sure that your tenants are taking care of your property and check for additional occupants, pets etc. Rental inspections help to keep your properties running smoothly and ensure that they are being well maintained.