All Forum Posts by: Logan Laperriere
Logan Laperriere has started 0 posts and replied 325 times.
Post: Stressed out …New to this
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Quote from @Christie Hewitt:
Brought up by a father who owned his own construction business my entire life, I know the trade well. I've been in corporate by entire career. Now that I'm divorced I get to do what I want which is flipping houses and I'm trying to leave the corporate world and do this full-time. I've looked into tax foreclosure, mortgage foreclosure (sheriff sales) and buying properties that are listed on MLS to flip. It seems that someone else got to it before I did or it's overpriced, and I can't make a profit if I flip it. my goal of flipping 3-10 this year is dwindling and I don't know how to find the "off market" properties being a small fish in a big pond. Is there hope for anything with meat on the bones right now? Should I throw in the towel after one successful flip and stick to my day job?
Hi Christie,
I am a local real estate agent and investor. Grand Rapids is a fast paced market. My team has several great ways of sourcing off market properties.
Are you looking for properties specifically in the city of Grand Rapids, or the surrounding areas as well?
If you would ever like to discuss the local market feel free to reach out. I am always happy to chat with fellow investors.
Post: Looking for Property Management companies in Detroit
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Hi Rishi,
@Michael Smythe is the man you want to talk to.
Post: Time to Jump into Real Estate.
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Quote from @Katie Neptune:
@Logan Laperriere I have just started looking into it but yes directly with the local VA services. It seems like it is ran similar to section 8 housing with vouchers and specific property requirements.
Cool. I will look into that. Thanks.
Post: Is the rent too high?
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Have you reached out to local businesses, schools, hospitals, etc.? Reach out to their human resources departments and tell them about the special program you have for their employees (waived application fee, move in gift, etc.)
Zillow, Facebook, and Apartments.com are all great, but you should always find creative ways to market your listings.
Post: Last minute, first investment property advice
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Feeling this way is normal at this point in a deal.
I have a few questions.
Is the property currently rented at under market rates?
Are there ways to increase the income from the property? Charging $50 a month for washer/dryer, Mid Term rental, Furnished/semi furnished etc.
What do you anticipate the yearly rent increases to be?
Post: First time buyer pre approved for 240k where do I buy?
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Hi James,
Welcome to the BP community!
What is your overall goal with this property? Are you looking for monthly cashflow or just appreciation?
I recommend that you build a strong team in the area where you chose to invest. Building your "Core 4" (Real estate agent, Property manager, Contractor, Lender) is critical to your success.
Post: How to get out of analysis paralysis
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Hi Kevin,
Welcome to the Forum.
What type of investment properties are you interested in? Are you looking to invest locally or out of state?
Make sure that you have a strong team in place. Your "Core 4"(Realtor, Property manager, Contractor, Lender) are all critical to your success.
I recommend that you start attending local meet ups and networking with other investors in your area. They will be able to give you insight on current trends and market conditions in your area.
Good Luck!
Keep us posted on your journey!
Post: Brand new to REI
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Welcome to the community!
Post: New to BiggerPockets
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Welcome to the community!
Are you looking for single or multifamily properties?
Post: New member intro
- Real Estate Agent
- Grand Rapids, MI
- Posts 333
- Votes 124
Welcome back!
What type of properties have you been investing in?